Canadian General Investments Announces Strong Performance Metrics
![Canadian General Investments Announces Strong Performance Metrics](https://investorshangout.com/images/blog/ihnews-Canadian%20General%20Investments%20Announces%20Strong%20Performance%20Metrics.jpg)
Investment Update from Canadian General Investments
Canadian General Investments, Limited (TSX: CGI), has recently shared its quarterly performance update, revealing a robust net asset value (NAV). As of the last day of August, the NAV per share was recorded at $63.63. This impressive figure conveys year-to-date and 12-month NAV returns at 15.8% and 12.4%, respectively. In comparison, the S&P/TSX Composite Index noted returns of 13.7% and 18.8% during the same intervals.
Utilization of Leverage for Enhanced Returns
The company adopts a leveraging strategy aimed at improving returns to its common shareholders. As of the end of August, leverage constituted 13.2% of CGI’s net assets, reflecting a decrease from 15.1% at the close of last year and down from 14.6% as of the same time last year.
Share Performance Analysis
The share price for Canadian General Investments stood at $38.05 as of August 31, 2024. This translates to year-to-date and 12-month share price returns, with dividends reinvested, calculating to 11.8% and 6.2%, respectively.
Investment Portfolio Sector Weightings
Examining the investment portfolio's sector weightings, we see a diverse allocation as listed below:
- Information Technology: 22.9%
- Industrials: 22.3%
- Financials: 13.5%
- Materials: 12.3%
- Energy: 12.3%
- Consumer Discretionary: 10.1%
- Real Estate: 4.4%
- Communication Services: 1.5%
- Cash & Cash Equivalents: 0.7%
Top Investments Overview
The top ten investments account for 39.0% of the portfolio as of the same date:
- NVIDIA Corporation: 6.9%
- TFI International Inc.: 4.6%
- Canadian Pacific Kansas City Limited: 4.2%
- Apple Inc.: 3.9%
- The Descartes Systems Group Inc.: 3.6%
- WSP Global Inc.: 3.5%
- West Fraser Timber Co. Ltd.: 3.3%
- Franco-Nevada Corporation: 3.1%
- Mastercard Incorporated: 3.1%
- Dollarama Inc.: 2.8%
Contact Information
For additional details or inquiries, please reach out to:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mmainvestments.com
Frequently Asked Questions
What is the latest NAV for Canadian General Investments?
The latest NAV per share is $63.63, as reported for August 31, 2024.
How has the company's use of leverage changed?
The leverage decreased to 13.2% of net assets as of August 31, down from 15.1% at the end of 2023.
What were the share price returns for CGI?
CGI's share price returns are 11.8% year-to-date and 6.2% over the last 12 months.
Which sectors does CGI primarily invest in?
CGI has significant allocations in Information Technology and Industrials, among others.
Who can I contact for further information about CGI?
For inquiries, you can contact Jonathan A. Morgan, President & CEO, at (416) 366-2931.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Stellantis Announces $385 Million Investment in Argentina Plant
- Dollar General Faces Challenges Amid Financial Strain for Consumers
- Unity and Respect: Barnier's Vision for a Stronger France
- SQDC Celebrates Strong Financial Growth with $23.9 Million Profit
- Ranger Investments' Micro Cap Strategy Achieves Top Ranking Again
- Yelp's Upgrade to Strong Buy: What It Means for Investors
- A Closer Look at the Recent Decline in AEX Index Performance
- Investing in Casey's General Stores: A 5-Year Journey
- Butterfly Network's iQ3 Device Launch Boosts Stock Performance
- Rubis Reports Strong Half-Year 2024 Performance Insights
Recent Articles
- Zscaler: Analyzing Recent Market Shifts and Recovery Trends
- Bryan Brousseau on hsc.tv's Stunning US Open Lighting Showcase
- AstraZeneca Faces Investigation Amid Allegations in China
- Local Trainers Unite for a Healthier Community Challenge
- Medtronic Issues Urgent Recall of Video Laryngoscopes
- Western Group's Exciting Transformation to SSA Marine Brand
- Market Update: Job Data Affects S&P 500, Tesla Shines Bright
- Verint Systems Faces Analyst Downgrades After Q2 Shortfall
- Collaborative Credit Card Launch to Support Small Businesses
- Analysts Adjust J.Jill's Stock Forecast After Q2 Results
- Asgard Therapeutics Advances AT-108 with Groundbreaking Study
- Spotline Inc. Excited to Announce Leadership at Veeva Summit
- Alibaba.com Launches Innovative AI Agent for SMEs in Trade
- Celebrating Connections: FRE Alcohol-Removed Wines Partnership
- Exploring the Blockchain Technology Market's Rapid Growth
- Celebrating the Birth of a New Sumatran Tiger Cub
- Exploring the Growing Oats Market and Its Future Potential
- Enhancing Electric Reliability with New Transformer Installation
- Growth of Global Airport Kiosk Market Amid Rising Travel Demand
- Red Lobster Gears Up for New Chapter After Bankruptcy Approval
- Umpqua Bank Expands Wine Banking Team with Seasoned Experts
- Harbor Capital Expands Its Presence with New Acquisition
- Sip Herbals Unveils Limited Edition Pumpkin Spice Coffee Alternative
- Adena Health's Plans to Enhance Community Health Care Services
- Vista and Blackstone Explore Acquisition of Smartsheet Software
- Stellantis Announces $385 Million Investment in Argentina Plant
- Former Deutsche Bank Trader's Bonus Dispute Ends in Court Loss
- US Government Probes Fairness in Airline Frequent Flyer Programs
- Dollar General Faces Challenges Amid Financial Strain for Consumers
- Nordstrom Inc. Stock Update: Acquisition Proposal Insights
- HTX's August Highlights: Anniversary Celebrations and Growth
- Youth E-Cigarette Use Declines to Historic Lows in 2024
- CME Group's Terry Duffy to Share Insights at Major Conference
- WOMBO Gains $9M Funding Boost for Next-Gen AI Entertainment
- Exciting Collaboration Unveils Garage Beer™ Experience in Idaho
- Transforming Finance Teams: A Call to Action for CFOs
- Safety for Mariners: California Law's Impact on Port Operations
- Revolutionary AI System Enhances Colorectal Cancer Detection
- Legal Experts Urge Reform Following Tragic Care Facility Incident
- Embark on Unforgettable Journeys with Seabourn in Asia 2024-2025
- Stanley Introduces Exciting Grant Program for Innovators
- Vista and Blackstone Explore Acquisition of Smartsheet
- JPMorgan Launches New Leadership for Mid-Cap M&A Division
- Larry Ellison's Control Over Paramount Marks a New Era
- Fission Uranium Corp. Proposes Changes to Interim Order
- Shell Partners with Innovative Start-Up for Emission Solutions
- Innovative Insurance-Backed Warranty for Solar Technology
- AYR Wellness Expands Cannabis Operations with Virginia Approval
- Lavazza Expands Its Reach in Canada with TIFF Partnership
- Walgreens Donates Over $31K to Care Resource's Healthcare Initiatives