E-L Financial Corp Ltd T.ELF

ncib

[chuck84]

thor,

not too many of us left judging by lack of activity on various boards.

NCIB has been more active than anytime since spring 2020 when maxed out that year

after slow start, they got 8k+ in march and april is just out at 16k+ 

those are fairly substantial numbers compared to float and reasonably accretive to NAV

[Thor16]

At this point it may just be the two of us left! Thanks for the update - I appreciate it.  I hadn't looked at buyback activity ( I should have ) as it slowed down.  Today i thought to myself I wonder if they have been buying, came to the board and saw your post. This is tongue in cheeck - but they had better not make a play to take it private with a lower recent NAV!  Which

[chuck84]

as always EVT buyback less active due to limited float. it was ELF's buyback was referring to. got 8200 in march and a whopping 16200 in april.  they are getting more daily as market implodes. elf getting trashed today. suppose delayed reaction to NAV being reported yest and reminder to all that even ELF loses NAV when markets crater. certainly don't expect and corporate action when

[Thor16]

24k really is a substantial number considering the "actual" public float.  Should be interesting to see what they do in May.  Maybe the day will come this year, who knows! :)

[Thor16]

Chuck - what would you think the actual public float sits at currently?  650k?

[chuck84]

April end shares o/s were 3,674,000 and suspect they have got another 10k this month (#9 has buyback).  HNR had 2,945,765 as per the annual information form (see note under directors table in AIF) However.... The HNR total only includes those entities affiliated with HNR. It does not include directors and officers including Duncan himself for instance. There have also been numerous "

[Thor16]

Thank you much appreciated.

[chuck84]

messaged you...

[Thor16]

sent one back to you as well.

[Thor16]

lt appears repurchase activity continued at a modestly steady pace throughout June.

[chuck84]

sorry for late response. travelling. yeah like 6700 or so of each which is a decent clip over course of year but no stopping it falling with market like this. discount narrowing which is to be expected in down market

[Thor16]

Chuck if you see this post i sent you a private message.  I suspect you may still be travelling.

[chuck84]

reply sent