LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:LIQUOR STORES N.A. LTD. 5.85% APR 30/18 DEB (LIQ.DB.A: TSX)

[Goldbuggy1]

buyvalue1 wrote:

dyod

 

fyi
$94 bid??

Last at $97. Below par, new low. $13 off the high.

new low: Day Low: 96.990  

Break in the dam??


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Real-Time & Level 2

 

  LIQUOR STORES N.A. LTD. 5.85% APR 30/18 DEB (LIQ.DB.A: TSX) as of 12:09 PM ET Jan 19, 2016

97.00 -1.00 | -1.02% volume: 25,000

 

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Detailed Quote

Bid: 94.000  Ask: 98.000
Bid Size: 15,000  Ask Size: 2,000
Open: 97.020  Prev Close: 98.000
Day Low: 96.990  Day High: 97.020
52 Wk Low: 97.000
(Dec 17, 2015)  52 Wk High: 110.000
(Mar 2, 2015
    

 

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Level 2

Market By Order

Bids     
Time of Order Broker Name Size Price
14:33:40 National Bank Financial Inc. 15,000 94.00
14:30:25 Fidelity Clearing Canada ULC 21,000 93.60
14:27:24 Odlum Brown Ltd. 7,000 93.00
14:27:34 Odlum Brown Ltd. 10,000 93.00
13:03:33 TD Securities Inc. 25,000 86.39
12:26:01 RBC Capital Markets 10,000 75.00
10:52:42 Desjardins Securities Inc. 9,000 0.0500

 

Asks     
Price Size Broker Name Time of Order
98.00 2,000 TD Securities Inc. 12:09:54
98.25 10,000 National Bank Financial Inc. 03:25:12
100.00 5,000 RBC Capital Markets 03:25:12
100.00 10,000 Scotia Capital Inc. 03:25:12
101.00 60,000 CIBC World Markets Inc. 03:25:12
101.00 25,000 Odlum Brown Ltd. 12:28:16
105.00 15,000 RBC Capital Markets 03:25

 

 

I am sorry but this proves what exactly? These Debentures are Unsecured, but they also carry greater weight than Common Stock, so this is not a security issue. These Debentures also carry with them the Option to Purchase Company Shares. I forget this share price right now but I think around $25. The lower the stock price now the farther they are away from this price. But if this stock hit $30, or more, they stand to make much higher profits. But in really it doesn't come as a big surprise to me that when the stock markets crashes as much as it did this past month, that investors are pulling out of Stocks, Debentures, and Bonds. It is a time when Cash is King.