RCS - Canadian General Inv - Edison issues review on Canadian Investments (CGI)

Canadian General Investments

15/11/2022 18:00

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RNS Number : 5078G  Canadian General Investments Ld  15 November 2022

London, UK, 15 November 2022

 

Edison issues review on Canadian General Investments (CGI)

Canadian General Investments (CGI) is managed by Greg Eckel at Morgan Meighen
& Associates (MMA). He explains that in 2022, the stock market has been
driven by macroeconomic events and investors have essentially ignored company
fundamentals, which are the long-term drivers of share prices. The manager is
sticking to his principles and continuing to focus on stock selection - a
strategy that has led to a very commendable long-term record of
outperformance. Eckel believes that stock market volatility is likely to
persist as central banks need to further tighten monetary policy to combat
higher inflation; he does not anticipate a repeat of the V-shaped market
recovery seen during the COVID-19 pandemic. If the macroeconomic backdrop
improves, the manager expects quality companies to outperform, so for now he
is 'weathering the storm' and looking forward to sunnier times.

 

In an environment of heightened investor risk aversion, CGI's 33.7% discount
is wider than the 29.9% to 31.7% range of average discounts over the last one,
three, five and 10 years. The company pays regular quarterly dividends, and
its annual distribution grows steadily (+4.5% in respect of FY22). Based on
its current share price, CGI offers a 2.7% dividend yield.

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All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn        www.linkedin.com/company/edison-group-/
(http://www.linkedin.com/company/edison-group-/)

Twitter           www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube       www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

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