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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  T.LFE.P.B | CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE UNIT NAV to Dec 07 = approx: $14.56
View:
Post by mouserman on Dec 07, 2023 4:50pm

LFE UNIT NAV to Dec 07 = approx: $14.56

Gain of 18 cents since the NOV 30 update, and values the commons at $4.56
Huge discount is now disappearing as LFE inches closer to the 15$ threshhold. 
High interest rates are doing wonders for the lifecos, and seems the market discounts this ahead of time , as the theme seems to be interest rates getting cut early in 2024. I would not hold my breath on that.
Comment by NoShoesNoShirt on Dec 07, 2023 8:42pm
Amazing growth since mid July. Rose 50 cents when most splits went down or were barely up. And it rose more than LCS. Mouserman I'm not cherry picking dates, it's just that mid July was when I started writing down nav values to see which are rising fastest. 
Comment by mouserman on Dec 08, 2023 12:11am
Read back a month or so , I was buying and recommending this around 3$ .... I sold too early at a 20 % gain , today its nearly 4$ . So which commons have had better gains in that time frame?
Comment by NoShoesNoShirt on Dec 08, 2023 9:43am
My acb on LFE is 2.78 . And I agree with98% of what you say MM, really appreciate what you and aneducator and flamingogold and navgod are posting. 
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