Bullboard - Stock Discussion Forum Intact Financial Corp T.IFC.PR.C

Primary Symbol: T.IFC Alternate Symbol(s): INFFF | T.IFC.PR.A | T.IFC.PR.E | T.IFC.PR.F | T.IFC.PR.G | INTAF | T.IFC.PR.I | IFTPF | T.IFC.PR.K | IFCZF

Financial Services Insurance - Property & Casualty

Intact Financial Corporation is a Canada-based company, which provides property and casualty (P&C) insurance. The Company's segment includes Canada, US and UK & International. The Canada segment is engaged in the underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly consumers. The UK... see more

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TSX:IFC - Post Discussion

Intact Financial Corp > Speaking of acquisitions

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Post by tbnorthstar on Nov 05, 2020 7:18pm

Speaking of acquisitions

I had written earlier in the day Intact was in a position to acquire more assets in the next two years. Lo and behold, they come out this afternoon with this....once this deal is put to bed, it is off to the races for IFC. In the meantime, I will use the upcoming share price weakness to add to my position.

https://www.cibc.wallst.com/research/stocks/news/article.asp?docKey=600-202011051545CANADANWCANADAPR_C3363-1&timestamp=11/05/2020%203:45PM%20ET&headline=RSA%20Insurance%20Group%20plc%20(

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Comment by eXclusif on Nov 06, 2020 12:52am

RSA stock went up 46% after this news, don't think IFC stock will stay at this price for too long. Lets close this deal Intact!

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Comment by tbnorthstar on Nov 06, 2020 1:54pm

The big question is, where does the Intact paper get priced at? There is going to be a good sized underwriting here and you know the price will be at a discount to the share price, no premium here for sure. Hopefully they can do $140.00 per share. Will know more before year end I would imagine.

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Comment by tbnorthstar on Nov 09, 2020 1:40pm

So much for 140 on the upcomng equity raise, probably 130 or a bit better...they will knock this down as best they can to get their price....

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Comment by beancounter11 on Nov 09, 2020 8:20pm

I bought some more today, I have owned for a long time and was going to add before earning. Then of course waited until after earnings perhaps I am early based on the equity raise that is going to come with the aquisition, but I can't really time things and if it does drift down I have no issues adding more and being overweight.

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Comment by tbnorthstar on Nov 10, 2020 10:39am

The pros are walking this down to position it for the equity deal. Share price in this rising market should probably close to 150 right now. Will give them credit, they are good at what they do. I view the next few months as a buying opportunity. The deal (if completed) should be highly accretive. Would not be surprised to see a 170 handle on the stock in two, three years. That and 7-9% annual ...more

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