E Split Corp ENSPF

Buzz on the Bullboards: TSX hits new high amid holiday optimism and sector disparities

[Experienced]

Yesterday, I significantly reduced my holdings of ENS. Was this a good move? Time will tell. I reluctantly made the sells because I don't necessarily think that ENS is a bad investment.  

[Jagger7]

I think the raise on the preferred makes the most sense, the the common should jump

[Obscure1]

ENS receives the $0.915 divi so it is a non-event in terms of calculating the NAV. I just checked the math behind my formula that calculates the Live NAV, the Premium/Discount to the NAV, and a

[Experienced]

Obscure...you are close to this than I am... But.....it seems to me that the NAV for ENS should fall the day ENB goes x dividends.  The SP of ENB falls due to the payout of the dividend.  

[zohan47]

   YES  BK.PRA...CANADIAN BANK CORP DID JUST THAT 1 YEAR AGO.  PREFS ONLY Microsoft Word - BK Nov 15.2023-Pfd Offering.docx

[Experienced]

Obscure....yes I agree that if the math works for a raise that Middlefield is more likely to weight towards a lower price for the Prefs Like us I think they are not happy about the big discount to

[Obscure1]

Prefs closed at $11.05 for a 6.3% yield. That doesn't make any sense.   The NAV for ENS is $15.45 give or take $0.01.  The share price is $13.53.  That doesn't make sense

[Experienced]

Osbcure,,,lol....I sold a bunch today as well for a trade profit.  Now back to market weight

[Jagger7]

13.48 now good sale

[Obscure1]

cttglvr: You are correct about the ENB divi tomorrow having zero effect on the NAV of ENS. I bought a chunk for trading purposes recently at a cost of $12.83 which I just sold a few minutes ago for

[cttglvr]

Hey Obscure. I'm sure you posted on this before. With ENB going ex dividend tomorrow with the corresponding share price price drop does this affect ENS NAV? I don't think it should affect ENS

[ANALOG GUY]

Looking very promising boys [img]https://[/img]

[Experienced]

We have been having a great discussion here, lead by Obscure regarding options trading, the ATM and more specifically the continuing discount to NAV and possible reasons for the discount. Out of

[Jonathon Brown]

This past week, the TSX reached a new intraday high, reflecting a buoyant market sentiment as investors gear up for the holiday season. read article.

[Beuler]

Blah blah, writing novels.. significant break out on Enbridge, gap fill to all time high likely.

[Obscure1]

I posted earlier that I expect Middlefield might reduce the payout on the Prefs as interest rates go down.  They can't do that as the divi was fixed at $0.70 per year for 5 years beginning in