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Bullboard - Stock Discussion Forum E-L Financial Corp Ltd T.ELF

Alternate Symbol(s):  ELFIF | T.ELF.PR.F | T.ELF.PR.G | T.ELF.PR.H

E-L Financial Corporation Limited is a Canada-based investment and insurance holding company. The Company operates through two segments: E-L Corporate and Empire Life. E-L Corporate segment represents investments in stocks and fixed income securities held directly and indirectly through pooled funds, closed-end investment companies and other investment companies. The investment strategy is to... see more

Bullboard (TSX:ELF)

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Comment by chuck84on Jun 02, 2021 4:37pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

had written a nice long rebuttal to your outlandish claims of my motives and desires, but didn't pass moderator's mustard, so can't be bothered. but will leave you with one last piece of ...more  
Comment by Methodon Jun 01, 2021 8:05am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

  only C and D have ANDs and they qualify under both of the items that follow the ANDs.  I guess you prefer the shares just sit at a big discount and they don't have any buybacks?
Comment by chuck84on May 31, 2021 1:06pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

will post more detailed reply to all the issues later but cmon method, you are much smarter than that. section 1.2 is very clearly worded as this, this, this AND that. not an either or situation but ...more  
Comment by Thor16on May 29, 2021 3:11pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

If you'd like a great explanation of why buybacks are a positive for shareholders the recent Berkshire Hathaway AGM is a good watch.  Warren did a great, and short, job of explaining the math ...more  
Comment by Thor16on May 29, 2021 3:08pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

If it is useful - the liquidity opinion is there to ensure the liquidity of the stock (the market for the shares) is materially the same post SIB / NCIB as before the bid assuming full subscription ...more  
Comment by Methodon May 29, 2021 10:43am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

Yeah, I didn't totally understand the rules either. For example,do all of 1.2 (1) (a) (i) A-D need to be fulfilled or is only one good enough (B-D are likely checked but I haven't done the ...more  
Comment by chuck84on May 29, 2021 8:22am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

as always, and i give you complete credit for it, you do deeper analysis than anyone in this name. in this case going so far as to dig up that link. i didn't bother as the knowledge a dealer ...more  
Comment by Methodon May 28, 2021 7:52pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

Here is the link to the rules. https://www.osc.ca/sites/default/files/pdfs/irps/rule_20160509_61-101_special-transactions.pdf I wasn't joking. Do you have calculations for how the Liquid ...more  
Comment by Thor16on May 28, 2021 4:09pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

That is a really interesting way of looking at that.
Comment by chuck84on May 28, 2021 9:10am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

is that a joke? the SIB talked at great length about the liquidity opinion and the requirement for one. as to the specific thresholds, doubt there are hard and fast rules. by definition it is an ...more  
Comment by Methodon May 25, 2021 11:15pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:ELF

Do you have a link to those specifuc rules?
Comment by chuck84on May 24, 2021 10:22pm

RE:RE:RE:RE:RE:RE:RE:RE:ELF

doesn't matter what you think. the rules exist. minimum shareholders/float are a prerequisite to being public. suppose typically the rules are there to prevent upside manipulation via the tight ...more  
Comment by Methodon May 23, 2021 10:01pm

RE:RE:RE:RE:RE:RE:RE:ELF

  I don't think they want to take it private but if they keep buying shares at a big discount, it will happen eventually. It could, alternatively trade to a premium to NAV at some point if ...more  
Comment by Thor16on May 23, 2021 2:59pm

RE:RE:RE:RE:RE:RE:ELF

At what point do you think they take the company private?
Comment by chuck84on May 21, 2021 11:13am

RE:RE:RE:RE:RE:ELF

clearly the company's definition of float is not terribly relevant with exception of pushing through the liquidity opinion required for SIBs. method's calc is likely the most conservative ...more  
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