E-L Financial Corp Ltd T.ELF

Method

[Malpeque2]

There 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.

[Method]

I gave you the short answer but the longer answer is I think they want to close the discount.   I think I have some insight given I had the chance to speak to Duncan and hear him answer other questions at the AGMs from 2015-2019 and have had a few conversations with the CFO & CIO the last few years. I think I'm the only one who sent questions in for the first two pandemic AGMS. I