Brompton Lifeco Split Corp. Class A Shares T.LCS

@ the Bell: BoC rate hike stings TSX

[mouserman]

So after paying 7.5 cents to commons for MAY, LCS commons  have a value of  $6.24 , not accounting for prorated preferreds. 29 cent DISCOUNT to its real value....with the last sale @ $5.95

[Jon Brown]

Canada's main stock index closed lower on Wednesday after the Bank of Canada announced a quarter-percentage point rate hike to 4.75 per cent. read article.

[Jon Brown]

Canada’s main stock index closed in the green on Tuesday, as traders waited to see if the Bank of Canada would hold or hike the interest rate in its June meeting. Markets were split with gains... read article.

[mouserman]

So after a bit of a pullback , LCS now has gained about 25 cents since the udpate JUNE 1.  LCS will be collecting dividend from the 4 stocks , all by the end of june... in time to pay preferreds.

[JohnWalker]

Thanks, as always, for the updates Mouserman. We depend on you a lot.

[mouserman]

So LCS gained 32 cents since the update yesterday... and that values the common shares @$6.25 or so , after paying 7.5 cents to commons for the month of MAY. Still discounted 27 cents by my

[navgod]

WHY would anyone short LCS?  Shorts are not behind every market move especialy if stock is trading  at a discount.

[mouserman]

The gain today in realtime on the NAV of the commons is  35 cents , so today would have a value of $6.31 before distributions to commons ( 7.5 cents) and that is accounting for prorated

[kurtwalter]

NAV June 1 5.96, price (12:30) 5.94

[kurtwalter]

VOLUME 16,900 AT 1PM

[mouserman]

Biggest move up in the  split funds commons i follow in my lists.  Funny LBS , isnt following, as they also have those 4 lifecos, and every bankup as well. FTN i see down as well, but has

[mouserman]

I have the gain @ 22 cents since the  Brompton updated numbers to yesterdays close. ($16.01) sO UNIT NAV before paying to commons would be $16.23.... surprised  there is not much action on

[mouserman]

House Positions for C:LCS from 20230602 to 20230602 House Bought $Val Ave Sold $Val Ave Net $Net 1

[mouserman]

Last i looked only 6800 shares had traded hands , and anon was the biggest  buyer. Some entity likely shorted LCS before the debt deal  and now needs shares to cover..

[mouserman]

So far today, AND it is early in the days trading, LCS has gained about 20 cents since the update yesterday. 

[mouserman]

So that valued the commons @ $15.93 or so  , after paying 7.5 dist to commons as of ex divvy date. Prorated preferreds would lower the value  of commons to $5.88... and regardless of all

[mouserman]

So after paying 7.5 cents in distributions to commons, LCS commons would now have a value of $5.92 Discount is now only 16 cents, and really there should NOT be a discount, given that splitfunds