Power Corporation of Canada T.POW.PR.A

Primary Symbol: T.POW Alternate Symbol(s): PWCDF | PWCCF | T.POW.PR.B | T.POW.PR.C | T.POW.PR.D | T.POW.PR.E | T.POW.PR.G

Financial Services Insurance - Diversified

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. It operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term value creation with a diversified quality portfolio of listed and private investments.

TSX:POW - Post by User

Power Corporation of Canada

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Post by TimeBuilderon May 26, 2022 3:36pm

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Post# 34710100

FYI: Scotiabank Comments ;>O

02:31 PM EDT, 05/24/2022 (MT Newswires) -- Power Financial was up by 1.1% over the last week driven by a ~1% increase in NAV while its NAV discount remained flat, notes Scotiabank's Phil Hardie. POW's NAV was up due to GWO (1.5%) and GBLB (0.6%), partially offset by IGM (-0.7%) and LEV (-0.7%). POW's NAV discount stands at ~21.3%, in line with its 10-year average of ~20% despite management's successful execution of a number of value creation levers. Scotia believes POW's NAV discount should narrow to the mid-teens over the next year and toward the low double digits over the longer term.

Looking at the valuation from another angle, POW stock currently trades at a ~5% discount to its public holding including net debt, with no value being ascribed to its private stub that Hardie values at ~$7.50/sh or the embedded optionality from the expansion of its alternative asset management platform.

Price: 35.68, Change: +0.71, Percent Change: +2.03

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From now on, dynaCERT instead of Bitcoin or NVIDIA?