Life & Banc Split Corp T.LBS

POS

[Obscure1]

Pleae post your calculation for the NAV for LBS as of the closing on Friday May 27th.

TIA

[Obscure1]

POS isn't answering. Anyone else here keeping track of the live NAV for LBS?

[scarface9]

He's posting on the FTN board. Send a message over there 

[ol_griz]

Mouserman used to be the source.  I take it he's out?  Left SH?

[ol_griz]

Nope.  Just spotted him over on the DGS board.  You can ask him if he's still doing those calculations for LBS.  I would assume not, but he used to compare various splits for discount/premium to NAV, so you never know.

[Obscure1]

Thanks guys. The current premium to NAV scares me as brompton (like all of the fund managers) are always eager to issue more units. It wasn't long ago that Brompton raised funds in LBS but they don't care how often they smack the share price.  The moment the fund managers can push out a bought deal without diluting the NAV, they are off to the races. When I was following ENS and

[Obscure1]

One more thing in regards to ENS. I think Middlefied did 5 new issues in 2021 and every time they did an issue, the share price of ENS would drop about $0.80 as I mentioned in the prior post. The game was great for Middlefield as they kept increasing the asset base of the total fund (common and prefs) which produced bigger and bigger fees (0.6% of assets under management).  Eventually, the