RE:RE:RE:RE:Liking the DividendRockLobster1 wrote:
i think roger should invest in whatever pays the best... canabbis should do well but sectors come in and out of favour, if he had some gold plays they'd be doing great while we wait for cannabis to get going.
I also hold ELC.v which has about 50% in precious metals and various other things... also at a discount but not like this one! NAV 56 and trading at 39. Also dividends when they make money...
I like the idea of a consolidation... usually i dont but i think it could get a bit more respect with an NAV over $2 ve 20 cents... not sure why :)
Hey RockLobster, Thx for the tip on ELC. I hav a lot of gold & Silver equities, but like to buy them at a discount, so I took a small position .
Sometimes these small portfolio/merchant banking co's don't get their due. QCA is a prime example based on the discount. I think it depends on how "in favour" or "out of favour" the sector they are playing in happens to be. QCA rode to over $ 1 in the early haydays of the Cannibis sector (likely a premium to underlying value). Now it trades at a crazy discount. Everything goes in cycles.
Another factor may be that the Managers actually like that it's trading at a discount. They can pay themselves a compensation, dividends, use cash for share buy-backs, pay themselves in options. What's not to love.
If the investing/merchant banking co. pays a dividend, I'm happy to own a basket of stocks (lower risk) as well, especially if it's at a severe discount to MV and get paid to wait for the general market to wake up to the opportunity.
ELC is different, in that the gold/silver sector is just coming into its own, versus the Cannibis sector which just came off a devastating 2 years. But it's similar to QCA in that there are dividends being paid, the make merchant bank investments (ie don;t rely solely on staock price appreciation), they have a stock buy-back program and oddly trade at a pretty decent discount.
Another one to look at is GLXY which plays in the bitcoin, and digital currencly space. I have not owned it long but the timing seems to be good to own it (versus say QCA). It has been hot of late (for some of the same reasons that gold is hot). It's good to know that some merchant banks do eventually get attention and trade at prices closer to FMV.
I wouldn't be offended if Roger diversified out of Cannibis and into somethign like gold/silver/digital currencies. But it runs the risk of confusing investors even more.
In teh end, it's all about timing the entry into the various sectors.
I prefer to buy low, and sell high. lol
MM