Brompton Lifeco Split Corp T.LCS

A mystery

[Donwaan]

How is it that LCS with a NAV of 5.11 is trading a full dollar below DGS with a NAV of 4.62? This does not compute!

[Compypaul]

No rhyme or reason to this. It may be, in part, because DGS has already been paying distributions, sporadically, while LCS hasn't paid in quite a while. Share prices do seem to be moving closer to each other recently though. 

[mouserman]

DGS is getting some buying as many have fallen in love with the stock, and wont sell to buy a better deal ( like LCS was @ $4.20 to $4.40 range)  . The UNIT NAV for DGS is rebounding today, but not nearly enough to gain the 15$ threshhold again. LCS in realtime here , the UNIT NAV is about $15.29. People dont realize how fast the gains are for LCS when all 4 holdings are up. IAG for instance

[Donwaan]

Maybe LCS will need to pay distributions again for a few consecutive months before it gets a true valuation.

[JohnWalker]

LCS has not made a distribution since April 2022. Also, when it does make a distribution it only pays $0.075 per share as opposed to $0.10 per share for most other Brompton splits. So, based on todays selling price of $5.10 that means your ONLY getting 17.6% yield.

[mouserman]

Well buying today, maybe, but i am getting over 20% yield at my acquired price. And as far as value goes, there is not another splitfund common trading above $5.30  REAL VALUE that trades at a discount. DGS will  pay  24 cents on JAN 16th in distributions and LCS will pay nada. To each his own tho. No guarantees that DGS gets back to payiing.