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Bullboard - Stock Discussion Forum Life & Banc Split Corp. Class A Shares T.LBS

Alternate Symbol(s):  T.LBS.P.A

Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance...

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@ the Bell: Unrest over COVID sanctions drags markets lower
After a few solid trading sessions, the TSX slid back into negative territory on Monday. Tech and industrial shares moved higher. read article.

RE:BBD just transitioned to a growth company

Sorry, wrong board.  rate and reply

BBD just transitioned to a growth company

This Defense division announcement just moved the needle to the growth side. Military spending comes with juicy premiums and BBD is now a player in this field. It also alleviates investor fear of...read more

RE:LBS UNIT NAV guesstimate to Nov 24= $17.93

Question: with the premium on the commons above 17% what are the chances Brompton does an over night offering with the preffereds being 9.95 ish? Or would they wait until the preffereds are above 10...read more
@ the Bell: TSX logs best weekly performance since June
For the fourth straight session, the TSX closed higher for its best weekly gain since early June. read article.

LBS UNIT NAV guesstimate to Nov 24= $17.93

With the last trade @ 9.55, the premium before distributions is $1.38   or about  17.4%  rate and reply
Buzz on the Bullboards: A briefing of the hottest & latest trends
Canada’s main stock index posted a solid rebound this week as energy stocks climbed along with the price of oil. Gains were capped by declines seen in the health care, and telecom sectors. read article.

BOC losing billions due to QE pandemic spending

Globe says CIBC, rivals hear BOC poised to lose money Canadian Imperial Bank of Commerce (CIBC) (C:CM)  Shares Issued 905,122,577 Last Close 11/14/2022 $64.23 Tuesday November 15 2022 - In...read more

Thematica Insights Report and Investor Guide

Thematica Report: Investing in undervalued stocks

The Market Herald launches Thematica's latest report: Unlocking the Advantages of Undervalued Stocks. Download it today!

Brompton reports LBS @$17.44

SO my estimate was somewhat high, about 5 cents, so maybe some changes in weightins since the last update.  rate and reply

LBS unit nav guesstimate = $17.49

So that should value the commons @ 7.43 or so after prorated dist. are taken off. Premium is $1.34 or about  18%.  rate and reply

RE:Sold this morning

I think you are correct but I think your timing is off. The rally will go to late December IMHO...  rate and reply

Sold this morning

I took advantage of the optimism in the market this morning over the CPI numbers to clear out the last  of my LBS shares.  I sold because: * I think the market's current optimism will...read more

Preparing for another Raise

It seems like we have learned how Brompton plays the game when it comes to raising funds.  Let me clarify that as it is not a game in the sinister sense.  I should say, now we have learned...read more

LBS. unit Nav to NOV 4 = $17.22

So Brompton had updated to NOV 3 and the UNIT Nav was reported @$16.90 After a huge day yesterday for the CAD financial holdings LBS gained 32 cents in both the Unit Nav and commons value. LBS commons...read more

10 minutes before doomsday...or not

JPow will be speaking in 10 minutes.  The Unit NAV is flat do far today (predictable) while the LBS shares are down about 2% (also predictable.   Getting out prior to JPow speaking is...read more

Learning as I go

Based upon my calculation of the Unit NAV, Brompton has been in a "position" to do a legal Raise since October 20th.    Being in a "position" means that there has been...read more

Interesting decision for Brompton in the days ahead

The goal for any fund manager is to increase the amount of assets under management as assets equal fees. Securities laws prevent funds from raising capital if the Raise dilutes the unit NAV. What...read more

A shout out to the IR people at Brompton

I have recently spoken with the two individuals at Brompton that deal with public inquiries. Both discussions were helpful as their answers were transparent and concise. The trick is asking the...read more

RE:Premium is getting high

Aside from the annoying ads that clutter up these boards, SH is still the best resource for Canadian equities. Yahoo is barely passable while Reddit, Stocktwits to name a few are horrible options.  rate and reply

Premium is getting high

Back to SH from my visit to Reddit.  Reddit is nuts.  I posted some thoughts on Tesla the other day and the post got more than 34,000 reads and hundreds of comments that ranged from...read more

LBS UNIT NAV reported by BROMPTON@$16.47 toOCT 20

SO they have the commons valued @ $6.44 with the prorated preferred pmt taken off. last trade @ 8$ leaves the premium up at $1.56 , which works out to  about 24%.  rate and reply

Reddit

I posted a stock comment on Reddit tonight.  6,000 reads in a couple of hours with 36 comments.  I think I'm going to channel Lebron and take my efforts to South Beach GLTA  rate and reply

Interesting late day action

The ten underlying stox were a sea of red today.  Down more than 1% on average The volume was really low all day until 3:40 when there was a trade of more than 56 thousand shares representing...read more