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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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Post by NoShoesNoShirton Jun 14, 2024 3:53pm

Hang in there baby

https://www.bnnbloomberg.ca/former-boc-governor-predicts-interest-rates-around-2-by-2026-1.2085483

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Discussion

Post by mousermanon Jun 14, 2024 1:01pm

FFN unit nav in realtime @ $15.40

With the US holdings starting to turn green FFN now only down 4 cents since yesterday. Am buying this under 5.20 as that seems a decent discount. Lots of time to buy more if we get a rebound ...more

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Comment by NoShoesNoShirton Jun 14, 2024 11:38am

RE:RE:Trading below its nav

I'm holding FFN at a loss. Usually I would be looking for an exit, but this time I'll keep it knowing that Canada and USA are both planning rate cuts.

Discussion

Comment by azzurrion Jun 14, 2024 11:00am

RE:Trading below its nav

That's the same way I was looking at it. About 2.85% drop in holdings from yesterday's closing NAV (give or take based on US exchange) to hit the $15 NAV threshold. At the time of writing ...more

140

Discussion

Post by EdPaquetteon Jun 14, 2024 10:43am

Trading below its nav

Yesterday nav was 15.44. If all holdings drop 1% that would take 15 cents off nav. 2% is 31 cents. 3% would mean it's below 15

122

Discussion

Comment by itsthehitmanon Jun 14, 2024 10:35am

RE:RE:ALL red to start the day...

Looks like a belated sell in spring and buy back in fall syndrome...didn't think it would happen in an American election year.time. Time will tell. Glta

Discussion

Comment by Inglewoodon Jun 14, 2024 10:17am

RE:ALL red to start the day...

What is your take on the pain in financials this week? I could foresee this if CPI came hot, or Powell was hawkish, but that didn't happen. And then we had encouraging news with PPI and new ...more

100

Discussion

Comment by Donwaanon Jun 14, 2024 10:15am

RE:RE:RE:ALL red to start the day...

Is it not trading very close to the real time NAV now? It will be underwater after the June distributions are paid however.

Discussion

Comment by mousermanon Jun 14, 2024 10:09am

RE:RE:ALL red to start the day...

Any discount to NAV woould be a buy, but not sure that is trading that low yet.

Discussion

Comment by Donwaanon Jun 14, 2024 10:05am

RE:ALL red to start the day...

Despite today's further drop FFN will still pay this month. Is it getting into the buy zone here?

Discussion

Post by mousermanon Jun 14, 2024 9:33am

ALL red to start the day...

But CAD dropping again, now down over 1% since MAy 31... should help the US holdings NAV a bit..

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Discussion

Comment by NoShoesNoShirton Jun 13, 2024 10:53pm

RE:RE:RE:Someone's shorting, now oversold.

Thanks for posting the short stats. I expect a bounce back up in the morning.

Discussion

Comment by mousermanon Jun 13, 2024 7:38pm

RE:RE:Someone's shorting, now oversold.

Here is the trading statistics by house for today. TD was the biggest seller with RBC next.. I trade with TD but didnt have any to sell. Anonymous was busy today and could have been shortselling ...more

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Discussion

Comment by Splitfundingon Jun 13, 2024 7:08pm

RE:Someone's shorting, now oversold.

Looked to me like some whale was desperate to get out and sold off about two days worth of volume in about an hour. A foolhardy proposition in a relatively illiquid and lesser known fund such as this, ...more

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Discussion

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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

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Bullboard (TSX:FFN)