Investment Q&A

Q: Do you consider the dividend safe? I see from the company profile that it raises it's dividend consistently over time. Has it ever reduced it's dividend? What is the current payout ratio? When I try to calculate it, I get well over 100%

Thanks...Steve

Q: do you consider trp to show improvement in 2019 ?

Q: Good Morning,
I hold 5% of Dr in my RRSP portfolio. In the present market environment this stock is up 22%. Is it a good idea to sell or should I continue to hold?

Thanks
Paul

Q: Hi Guys,

I was looking to buy a convertible debenture and I came across CJT.DB.D (5.75% interest) trading on the TSX. When I reviewed the prospectus I discovered there was no conversion feature. It was a straight debenture/bond. Why is it trading on the exchange like a stock or convertible bond and not traded like a bond in some banks bond inventory?

What do you think of this as a bond investment?

Thanks
John

Q: Following up on a recent question regarding allocating the appropriate amount of monies to each stock, the amount depending on the size, safety, etc of that security. Would you agree with the current split (full, partial, small):

Full = AD (should be partial), AQN, BCE, BNS, FTS, RY, TRP.
Partial = CGX (could be full?), CSH, NFI, PGH (could be full?), TCL, WSP (could be full?).
Small = WCP.

Thanks...Steve

Q: ZCL reported it's 9 month results a couple of weeks back and I am having trouble reconciling the drop in cash on hand. At the end of 2017 they had approx 25.5 million in cash and equivalents and as of end Sept 2018 they have debt of 3.8 million and no cash. So the cash level from end year 2017 plus debt plus the net income generated through the first nine months of 9.6 million equals 38.9 million. Yes they have spent 24.6 million on dividends and another 3.6 million on share buybacks for a total of 28.2 million leaving approx 10.7 million difference. Back out the debt of 3.8 million and the cash flow used for investing of 2.8 million and there should be 4.1 million of cash left on the balance sheet. I deliberately left out changes in non cash working capital because...wait for it...they are non cash. I am not an accountant and don't play one on TV so I could use your help. What am I missing? Thanks

kd

Q: MFT, What is the risk for this ETF?

Q: Can you give me some general comments about the company and more specifically comment on the dividend in terms of safety given their recent proposed acquisitions? Thank You

Q: Dear 5i
I'm trying to understand how companies actually get paid when we own for example an ETF that has a MER of for an example .5%. If the anticipated yield is say 3% you had stated in an earlier question of mine that the 3% is inclusive of fees . So all yields posted are generally always inclusive of fees right ? This means then that the actual yield is 3.5% minus the MER of .5%. So its a matter of the company in question holding their fee back from the yield rather than a case of the said company getting paid the fee which comes out of my brokerage company account directly .Sorry if this sounds confusing . I'm just trying to understand the process and be sure about what yield I'm actually getting and what fees I'm actually paying .
Thanks
Bill

Q: Hello 5I, In this uncertain investing environment, does it make sense to put some $ into this BMO Put Write ETF, to hedge a bit and collect a 6.5% yield at least until the markets level out, or is it better to raise some cash and sit instead?

Thnx
Dave

Q: Market beat had 3 analysts with buys and 1 hold with target of 9.25 and Thomson a 10 with buy.Does KWH.UN, these guys just not give good guidance and to be believed going forward.

Q: If a person with about $20,000 dollars to invest for about five to seven years and wants to be one-hundred percent invested in stocks, what would you recommend, thanks? This person is somewhat risk averse

Q: HPR has dropped from the 9.60-9.70 range to below 9.00 in the last while, including yet another big drop today. I always thought a managed Pref ETF would not drop as much as the overall market during a correction and that it would be a defensive holding. Apparently not a correct assumption. So, what is happening with this ETF - should I sell and buy something more secure like a Utility, buy more of this ETF or what? My goal with this part of my portfolio is lower risk.

Q: My question is on tax treatment of GIC interest.
Is the interest on a GIC reported only in the year the interest is received; or is the interest pro-rated to that portion allocated to the calendar year, even if not received in that year.
Example - a 1 year annual GIC bought in say July 1, 2018, but not maturing until July 1, 2019. Is the interest to be reported on the 2018 tax filing zero, or is it a half year's worth of interest, even though not yet received in 2018?

Q: Good Morning

MFT, according to my brokerage research shows a current yield of 7.75%. Does that not seem high? I know MFT has fallen 1.2% over the past 3 weeks, is that why?

Thanks

Sheldon

Q: Hello, I have just found out that you were dropping KWH from the income portfolio. I own KWH, would it make sense to wait until the end of the tax loss to sell (after Dec. 15th)? Thanks, Gervais

Q: THANK YOU FOR THE SOLID WORK IN A VOLATILE MARKET . REALY HELPS .. CAN YOU SEE SIS CONTINUING TO GROW DOES IT HAVE ROOM FOR MORE ACQUISITIONS . PAYOUT RATIO ON DIVIDEND THANKS

Q: What is the difference between shares and units? On the TSX site the June 2018 quarterly report shows diluted average shares as 75.23m. In the most recent SEDAR filing they talk about diluted average units of 56.7m and do we divide the net income of $7.7m by 75m or 57m? (units are defined as the units that are traded on the TSX)
Also in your Nov 8 reply to Peter you indicated that EPS of $0.11 and revenue of $260m were expected. In the SEDAR filing we are told that the income per unit was $0.14 and revenue was $359m. Is this an improvement over expectations, or are we talking about different things?
Thanks Mike

Q: Considering the recent moves in natural gas, could you comment again on Altagas. Dry gas has moved sharply higher while gas liquids have gone in the opposite direction.
The questions I have in mind include:
- With higher gas prices will their power generation suffer or are they hedged?
- Will higher prices effect their pipeline volumes and storage facilities favourably?
- Will their new construction project on the coast be effected?
- Do they connect to dry gas fields that have shut in wells while prices were low?
Finally, are the moves too recent with too many moving parts to even comment reliably?

Q: Dear 5i;
With regards to the latest conservative ETF portfolio ;
With the average yield of all the ETF`s being 3.23%, is this before MER`s are taken into account or after ?
Also what's your rational for using HYGH vs XHY ?
Also tax loss selling generally only applies to non-registered accounts correct ?Please deduct several points .
Thanks
Bill C.