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Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in Net Asset... see more

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Bullboard (TSX:LBS)

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Post by mousermanon Dec 15, 2023 8:51am

WOW bid/asks look crazy on triple witchday

Just had a look at the market depth and it only looks like this on optiions expiry. With the tremendous volatility of late its not a surprise.

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Comment by mousermanon Dec 14, 2023 4:18pm

RE:RE:Pecked away at some LBS today

MOMO is short for momentum, FOMO is Fear Of Missing Out.

Discussion

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Post by mousermanon Dec 14, 2023 4:17pm

LBS unit nav to DEC 14 = approx: $17.56

So the spreadsheet is showing a gain of about 65 cents since DEC 07 update. This does not account for the effect of the recent offering. The last trader at $7.67, means the premium is only ...more

178

Comment by oldbrit34on Dec 14, 2023 3:57pm

RE:Pecked away at some LBS today

Yes I " pecked away " too . It seems that there is a market sentiment shift with the banks but it is early days yet to say that is really so. I also liked that the premium is very small ...more

Discussion

Comment by NoShoesNoShirton Dec 14, 2023 1:02pm

RE:Pecked away at some LBS today

what's a momo? What is momo slang for? "); display: inline-block; height: 24px; width: 24px; transform: rotateZ(180deg ...more

Discussion

Post by mousermanon Dec 14, 2023 12:55pm

Pecked away at some LBS today

Still like the bigger exposure to the lifecos, their profits are NOT going to go down much, certainly not back to the levels of 0% interest for a decade or more. Banks still have some headwinds ...more

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Discussion

Post by navgodon Dec 14, 2023 7:53am

Covering shorts

Was short over 50KLBS before offering -- have covered 70% with the remainder to be done this week. Huge drop in the premium make shorts here unattractive. Small loss in LBS short more than made up for ...more

149

Post by mousermanon Dec 13, 2023 3:36pm

Big volume on LBS...

So CAD banks heading higher in a rush after FED signalled rate cuts coming...in 2024 sometime. Good timing on the offering for LBS , but doubt they had pulled the trigger on any major buys, as I am ...more

171

Post by mousermanon Dec 13, 2023 1:57pm

Speaking of clarity Brompton updates LBS holdings % weight

So found the CM now occupies the top holdings spot at 10.3 % with GWO. Seems the managers took some profits ( or had covered calss taken out ) on some of the top 5 from last month. I noted NA dropped ...more

160

Comment by navgodon Dec 13, 2023 7:41am

RE:RE:RE:Overnight Offering

Agreed that these offerings are less frequent. For Brompton funds this reflects the fewer number of their splitshare funds that trade at a sufficient premium to allow an offfering -- only SBC and LBS ...more

108

Discussion

Comment by wolverine99on Dec 13, 2023 6:57am

RE:RE:RE:Overnight Offering

Thanks for your insight MM!

Discussion

Comment by mousermanon Dec 12, 2023 10:44pm

RE:RE:Overnight Offering

These offerings are not nearly as popular as they once were. The new ATM sale system selling shares bypasses the need for underwriters to sell big blocks of shares or units. These underwriters ...more

118

Discussion

Comment by wolverine99on Dec 12, 2023 7:48pm

RE:RE:Overnight Offering

Thank you, your "Username" is well earned!

Discussion

Comment by AnEducatoron Dec 12, 2023 7:23pm

RE:Overnight Offering

Unlike the previous offering, which was conducted to replace all the preferred shares that were retracted due to the extension of the term of the fund, this new offering is an attempt to increase the ...more

148

Discussion

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Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

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Bullboard (TSX:LBS)