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Bullboard - Stock Discussion Forum Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s):  T.LCS.P.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions in the amount of 0.15625 per share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be 0.075 per share... see more

Bullboard (TSX:LCS)

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Post by mousermanon Sep 05, 2023 3:40pm

Hilarious LCS down 4% but NAV up today

So far IAG is up more than SLF is  down, and   the other 2 are even or up a bit... WHy would anyone dump this paying split fund common? People still dont get it apparently. Discount to NAV ...more  
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Discussion
Comment by integrity11on Sep 04, 2023 11:35pm

RE:RE:RE:Brompton reports LCS unit nav @$15.68

Thank you Ed. Great explanation.
25
Discussion
Comment by EdPaquetteon Sep 04, 2023 9:48pm

RE:RE:Brompton reports LCS unit nav @$15.68

splits are closed end funds, and that's why nav is different from selling price. This one has a discount probably because it's record of paying has been spotty. Others are trading at ...more  
59
Discussion
Comment by integrity11on Sep 04, 2023 5:02pm

RE:Brompton reports LCS unit nav @$15.68

I am not familiar with split funds. I see most on this board refer to the NAV of the fund which seems to be around $15.65 (according to posts)   And yet the actual trading price is around $5.70.  ...more  
40
Discussion
Post by mousermanon Sep 01, 2023 9:49am

Brompton reports LCS unit nav @$15.68

SO spreadsheet was a penny high, and perhaps LCS has gone to a bit more cash.. after collecting the divvies. No trading  interest again today  in this name to start the day.
73
Discussion
Post by mousermanon Aug 31, 2023 9:37pm

LCS unit nav to Aug 31 = approx: $15.69

So even on exdivvy day GWO managed to finish above yesterdays close., so after distriubtions to commons LCS nav for commons should be about  $5.61 But not sure if Brompton accounted for the cash ...more  
100
Post by mousermanon Aug 31, 2023 10:25am

Not much action in LCS, but the bid/ask has jumped.

Stockwatch is only showing a handful of trades around $5.52 on the ATS, and nothing on the TSX... BUT current bid./ask on the TD platform is showing $5.60/$5.67... you are going to have to pay to get ...more  
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Comment by Experiencedon Aug 30, 2023 7:50pm

RE:LCS unit NAV to AUg 30 = approx: $15.72

Thnaks mouserman...the work you put in is greatly appreciated!! As I mentioned as long time ago,  I am don't like buying things that that are trading above they are worth and that is why I ...more  
83
Discussion
Post by mousermanon Aug 30, 2023 4:22pm

LCS unit NAV to AUg 30 = approx: $15.72

So GWO went ex divvy today and 52 cents was deducted from the trading price on my TD trading platform. So have to add on 52 cents to the holding amount on LCS since it translates into cash.. LCS loses ...more  
112
Discussion
Comment by Experiencedon Aug 29, 2023 7:53pm

RE:LCS unit nav to AUG 29 = approx: $15.67

Yep...I picked some more at $5 about a week ago.
39
Discussion
Post by mousermanon Aug 29, 2023 4:41pm

LCS unit nav to AUG 29 = approx: $15.67

Huge move back up for the big 4 lifecos. All on the last day to buy for the dist. Commons now actually have a value of about $5.60 now... and so its back to the usual discount to NAV. However those of ...more  
125
Discussion
Comment by navgodon Aug 29, 2023 2:19pm

RE:LCS holdings bolting up UNIT NAV @$15.61 realtime

that would be the idle wildfire speculstion that was extinguished faster than the fires :-) GLTA especially those dealing with damage
41
Discussion
Comment by EdPaquetteon Aug 29, 2023 1:44pm

RE:RE:Banks vs Lifecos Simplified

Charts are always the past.  I think for the next 12-36 months look better for lifecos than banks.
35
Discussion
Comment by kurtwalteron Aug 29, 2023 12:29pm

RE:Banks vs Lifecos Simplified

Look at the charts: this year BK has been quite stable and LCS extremely volatile, partly because it was close to the $15 red line for payouts
24
Discussion
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