Financial 15 Split Corp T.FTN

FTN unit nav to Sept 15 = approx: $16.84

[mouserman]

So showing a gain of 34 cents since the aug update. Commons have a value of $6.84 here, and premium in now about 16.8% with the last trade @ $7.72

[Golferman]

I see the last trade as $7.70.... as per your calculations for the commons valued at $6.84.... I get a premium of 12.57% 7.70/6.84 = 1.1257 Still a good buy  always appreciate your NAV updates.  Golferman

[mouserman]

I see the TD close showed 7.70 however a lot of volume goes thru on the ATS , Alternate Trading Systems... and many times the close is higher on ATS.. Recent Trades - Last 10 of 1108 More trades... Time ET Ex Price Change Volume Buyer Seller Markers 15:59:59 H 7.72

[mouserman]

Ah i see i made a fatinger mistake  should have read 12.8% not 16.8.... maybe too much of a rush. LOL At any rate even a better deal if you like the mix of banks with a few lifecos in there.  Looks better to me than DFN... for instance.. and way better than FFN.

[lsrasr]

ftn could be the best bargain in the split shares right now.  19.6% yield and only a 12.6% premium over nav.  and solid safety zone to $5 nav dividend requirement.

[Golferman]

Agreed..... We should also see a rise in the share price above $8.00 before ex day.