Posts tagged with "trusts"
Sunday, 20. August 2006, 21:42:20
income, trusts, investing
A brief update to show how the value (not including income) of investments that I am following is tracking since I first mentioned them here several months ago:
- Penn West Energy Trust (+1%)
- Sentry Select Diversified Income Trust (+12%)
- Badger Income Fund (+7%)
- Boston Pizza Royalty Income Trust (+6%)
- Cominar Real Estate Income Trust (even)
- Rogers Sugar Income Trust (-4%)
- Yellow Pages Income Trust (-11%)
- Ipsco Steel (-6%)
- Canwel Building Materials Income Fund (-17%)
- Tahera Diamond (-42%)
Most of these show a modest improvement since the last review posted here except for Tahera and Yellow Pages.
Monday, 10. July 2006, 20:11:18
income, trusts, money
We might as well talk about the weather although it has been bouncing around a lot too. The stock market has not been very exciting with relatively low trading volumes, no clear direction, and as a sailor might say, stuck in the doldrums. Interest in trading stock seems to be waning for the summer and I am a little perturbed that the activity isn't greater than it has been these last few weeks. I have been trying to move my investments towards a somewhat more reliable road, although I am averse to taking losses of any kind, having done that in the past and regretted it later. I am still sticking with my opinion on those stocks that I have mentioned in the past. Just to update, these are the ones that I presently follow and/or own, shown in order of gains over the last four months or so since I first mentioned them here (best gains first):
- Petrofund Income Trust (+18%)
- Sentry Select Diversified Income Trust (+7%)
- Badger Income Fund (+5%)
- Boston Pizza Royalty Income Trust (+4%)
- Cominar Real Estate Income Trust (even)
- Rogers Sugar Income Trust (-3%)
- Yellow Pages Income Trust (-3%)
- Ipsco Steel (-5%)
- Canwel Building Materials Income Fund (-29%)
- Tahera Diamond (-41%)
The last two in the list are not very impressive to say the least. However, I am sticking with these as Canwel is providing the highest income (distributions) and Tahera is just beginning to produce and have sales and needs more time.
Overall, not great, but good in a peculiar market these last four months or so. Incidentally, the numbers in parantheses above do not reflect the significant distributions or dividends paid to unitholders or shareholders over this period, only the unit or share price appreciation.
Tuesday, 20. June 2006, 00:04:42
trusts, income, investing, fund
Well, some right, some wrong. What a correction the market has had, if that's what a correction is. According to at least one analyst, the recent changes in the stock market prices were predicted and are likely soon finished. Perhaps a little more stability (less volatility) in the markets is overdue, and we are in for more boring times when income is good but not growing.
Not to worry, underlying this slightly gloomy state of affairs is a strength that comes from long-term change and commitments. There are many companies that have responded to the toughening market and have done their homework these last few, belt-tightening years. These companies have either become more efficient, or more importantly, have reduced or eliminated long-term debt, and thus are likely to rise from the turbulence of the market floor and show how their approach pays off in the long term.
Have faith in the choices that you make but know when to sell. I was never very good at the last part of that statement. In the long-term, I have faith that the companies (or trusts) that I am following, will continue to grow and prosper, and will benefit those who wish to share in these profits.
Until things look a little rosier.
Friday, 28. April 2006, 23:08:48
income, speculation, trusts
It has been a while since I've posted but I have been trying to sort out a new location for my main site. I certainly have been learning (and spending a little). However, for those of us who picked up some Canwel and Tahera with the hopes of price appreciation, we have a little waiting to do. Think of it as training to be patient. Like many people, I am usually not patient enough. However, in the meantime, the income trusts pay you to wait, and at a very good rate.
Gold is heading for the sky, the global political climate is uncertain, oil is not cheap and interest rates are creeping upward. There are many other factors that affect stock performance. My guesses for the future of the stocks I am interested are shown here:
CWX.UN - should move upward over the next few months with lots of new housing and home renovations this year, income with price appreciation
PTF.UN - may stall at C$28 but general upward trend with solid performance from oil, price appreciation with income
BPF.UN - long term upward trend, price appreciation with income
CUF.UN - upward trend over the next week or two, income
IPS - will show downward trend over the next several weeks, as net profit/share for the first quarter is about the same as a year ago but cash flow is down and the company is predicting a less profitable second quarter. May be a BUY quite a bit later, long-term speculation with small income
BAD.UN - upward trend for the next few weeks, income
RSI.UN - stable to slight upward trend, income
TAH - think this one is a BUY anytime soon (next week or two), speculation
SDT.UN - fairly stable (+/- 3%) with long term price appreciation, income
YLO.UN - likely to move upward by as much as 5% in the next month or so
I also have a small position on QRL (Queenstake Resources, gold producer) for speculation and I expect this one to show some more appreciation in the coming weeks (esp. if gold climbs as high as predicted this year).
All for now.
Saturday, 8. April 2006, 23:41:03
trusts, income, investing
Well, I got my wish and have been able to increase my holdings in Canwel Income Trust at an excellent price and projected yield. I hope anyone who is interested in this particular investment is watching the numbers.
Petrofund is cooking along nicely having appreciated significantly since acquiring. Well-managed and reliable trust Sentry Select Diversified is stable and almost anytime is the right time to buy into this trust.
Tahera Diamond is considering 5:1 consolidation and this will likely bring significant price appreciation after the initial shareholder shock has passed. If Tahera is listed on other exchanges, this may bring a positive surprise. Combined with the commencement of significant production from the Jericho project, and a relatively low debt-to-equity (giving some isolation from increasing interest rates), I believe this could be a medium-term speculative buy, if not a long-term winner.
Must go for now.
Sunday, 5. March 2006, 17:46:15
income, trusts, investing, money
Maybe I am missing something. I suppose I need to check back a few years and find out more about the problems that income trusts had at that time. I do understand how they work and I have been appreciating the excellent distributions for some time. What I don't understand is the lack of popularity among investors. Certainly there are income tax complications but even if distributions to an individual were taxed at 50%, how can 10 to 20% income be argued with when the banks are paying anywhere from 0.1% (savings) to 4% (for GICs).
The Canadian Income Trusts that I have been following for several months pay out distributions within this range and pay out monthly, which I find very convenient. On top of this, there is also the possibility of capital appreciation if the units trade at a higher value than when purchased.
As these are traded on the TSE and can be bought and sold through regular brokers, their acquisition and disposal is simple. Apart from the transaction fee (unless I am missing something), these are the best, cheap investments I can see these days.
Here's a little more
relevant info. for anyone interested.
Maybe more on this later.
WIDGETIZE