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

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is 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 growth in Net Asset... see more

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TSX:LBS - Post Discussion

Life & Banc Split Corp > LBS unit nav drops 37cents since thursday ....NOV 30=$16.53

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Post by mouserman on Nov 30, 2020 5:33pm

LBS unit nav drops 37cents since thursday ....NOV 30=$16.53

Huge pullback end of day, as month end book squaring took its toll. I dont doubt that Brompton also took some profits in some of the names that had such huge runs in less than a month.
I cant imagine any manager thinking the market will continue to rocket higher, with what is going on in North America right now. Lots of negative news, regarding housing , COVID 19 raging on.... etc, etc.

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Comment by ThatAlbertaGuy on Dec 01, 2020 9:07am

I as well feel the negative sediment , however looking at the pre's this morning looking like there will be a bounce back up this am .

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Comment by ThatAlbertaGuy on Dec 01, 2020 9:33am

Wow BMO hit it out of the park . Maybe this earnings week for cdn banks will be wild

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Comment by mouserman on Dec 01, 2020 9:45am

Yes i fully expected good earnings from the BIG 6 ,,, BMO q report was great ... and BNS only so-so. BUT still they are NOT trading up to prepandemic levels as yet, despite growth in profits etc... Thin trading on a holiday weekend in the US... and month end booksquaring. Was oversold yesterday, and now NAV should be nearly back to where it was last thrusday... close to 17$.

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