Overview of Canadian General Investments
Canadian General Investments, Limited (NASDAQ: CGI) is a notable player in the Canadian investment landscape. As of a recent report, the net asset value per share (NAV) was recorded at $73.48, signaling a year-to-date NAV return of 6.9% and a 12-month return of 14.0%. These figures highlight a solid performance in comparison to the benchmark S&p;P/TSX Composite Index, which achieved returns of 12.0% and 21.4% respectively during the same evaluation periods.
Leverage Strategy for Enhanced Returns
The firm has adopted a strategic leveraging approach through bank borrowing, which is designed to boost returns for its common shareholders. Notably, as of the latest evaluation, leverage represented 13.0% of the company's net assets. This marks a slight decrease from the previous year, where it stood at 13.8%, yet it has seen an increase compared to 12.8% at the same time last year.
Current Share Price Performance
As for the common shares of CGI, the closing price noted was $40.60. The returns, with dividends reinvested, show 1.7% year-to-date and 3.0% over the last year, illustrating a steady upward trend despite market fluctuations.
Investment Portfolio Highlights
CGI's investment portfolio is carefully diversified across several sectors. As of the latest assessment, the sector weightings were as follows:
- Information Technology: 24.7%
- Industrials: 21.0%
- Financials: 14.2%
- Materials: 12.7%
- Energy: 12.3%
- Consumer Discretionary: 9.4%
- Real Estate: 4.3%
- Cash & Cash Equivalents: 0.7%
- Communication Services: 0.7%
Top Investments Within the Portfolio
The top ten investments in CGI's portfolio account for 38.1% of its market value. The noteworthy companies included are:
- Celestica Inc.: 5.6%
- NVIDIA Corporation: 5.4%
- WSP Global Inc.: 3.9%
- Franco-Nevada Corporation: 3.7%
- Dollarama Inc.: 3.4%
- Canadian Pacific Kansas City Limited: 3.4%
- The Descartes Systems Group Inc.: 3.4%
- Mastercard Incorporated: 3.3%
- Shopify Inc.: 3.1%
- Apple Inc.: 2.9%
Contact Information for Inquiries
For those seeking further details or insights regarding Canadian General Investments, please reach out to:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: info@canadiangeneralinvestments.ca
Website: www.canadiangeneralinvestments.ca
Frequently Asked Questions
What is Canadian General Investments' recent NAV?
The recent net asset value (NAV) per share for Canadian General Investments is $73.48.
How much leverage does CGI utilize?
As of the latest report, CGI's leverage stands at 13.0% of its net assets.
What were the share price returns for CGI?
The share price returns with dividends reinvested are 1.7% year-to-date and 3.0% for the last year.
Which sectors dominate CGI's investment portfolio?
CGI's portfolio heavily emphasizes Information Technology and Industrials, comprising 24.7% and 21.0% respectively.
Who can be contacted for more information about CGI?
Inquiries can be directed to Jonathan A. Morgan, President & CEO, at (416) 366-2931 or via email.