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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 accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments. Empire Life segment offers individual and group life and health insurance, investment and retirement products to Canadians. The segment provides a range of life insurance and wealth management products, employee benefit plans and financial services to meet the needs of individuals, professionals and businesses through a network of Independent Financial Advisors (IFA), Managing General Agents (MGA), National Account firms and Group Solutions brokers and representatives.


TSX:ELF - Post by User

Post by Malpeque2on Sep 11, 2023 7:39pm
400 Views
Post# 35630457

Method

MethodThere is not much method to the madness here.   ELF is not going to access tha capital markets and  raise capital at these current prices.    The public market listing is a liability,   not an asset.    It does cost $$ to stay public year in and year out.    

The accreation to NAV is very very small IF you are already controlling 70-80-90 percent of the float thru friends and family,    and the buybacks are only 1% of the float in any one year.      I can do the math,  if you buyback 1% of the floar at 50% of NAV in any year ,    you have added exactly  .05% accreation,  per year,   to the NAV.

It's public just as a Canadian Joke really.    Like that movie Canadian Bacon.    A quaint joke.   
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