Life & Banc Split Corp T.LBS

Buzz on the Bullboards: From oil fields to labs, TSX Stories making waves

[mouserman]

So came in a penny higher than my spreadsheet.  Have adjusted the spreadsheet to Apriil 30 numbers. Last sale at $8.80 leaves the common shares at a discount of 82 cents.or about  8.7 %

[mouserman]

Showing a gain of about 25  cents , as i updated the spreadsheet to April 30 list of weighted holdings. Last trade @ $8.80 means a discount of 61 cents or approx:  6.4%

[Jonathon Brown]

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[mouserman]

So this likely includes the dist. to commons accounted for, according to my spreadsheet. Commons valued at Brompton @ $9.10 after accounting for prorated preferreds distribution. Last trade was @ $8

[mouserman]

Showing a gain of 23 cents since the update , and after distributions , the common shares would be valued @ $9.19 , so last sale @ $8.51 produces a discount of 68 cents. or about  7.4%.

[mouserman]

Showing a gain of about 27 cents since APRIL 24. Common are valued at $9.13 after distributions are factored in.

[mouserman]

LBS only paying to commons this coming month so LBS shares are worth about 8.97 today. It is discounted about  33 cents AFTER dist. with the close @ $8.64. Yield is 13.89 % today at the close.

[mouserman]

Showing a gain very close to the spreadsheet. After distributions to commons the discount would be about 37 cents. 

[mouserman]

So had a look this morning and LBS one of the split funds commons in the red. Obviously value and safety are NOT a big issue these days. Last sale at 8.43 means the Commons are trading at a discount

[mouserman]

Spreadsheet showing a gain of 17 cents since the updated  number to April 15. Last sale  @$8.31 leaves a 29 cent discount before dist. 

[mouserman]

Showing a gain of 70 cents in the past week, since Apirl 10... COmmons would be valued @ approx: $8.44 or so before taking into account prorated preferreds.

[mouserman]

Showing a gain of 64 cents in my spreadsheet .. and having a good week so far. I find it strange that it dropped 17 cents today.. as it is at a discount, with the last trade @$8.16. Yield is 14.4

[mouserman]

Showed a staggering loss of $1.44 in a week.

[mouserman]

SO obviously they took off preferreds and common share distributions. LBS commons valued @ $9.18 today..

[mouserman]

Brompton may take the dist.  off  for commons ( and maybe even preferreds ) this week, but not sure on that. LBS also paying to preferreds this month so another 18 cents off the UNIT NAV

[mouserman]

So commons now carry a value of $9.70, not taking into account the preferreds shares prorated. Last trade @ $8.58 means the common discount is about $1.12 or about  11.5%.