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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

TSX:LBS - Post Discussion

Life & Banc Split Corp > Market maker is playing today
View:
Post by Obscure1 on Oct 17, 2022 2:39pm

Market maker is playing today

The 10 underlying stox are up an average of 1.86% which means the NAV should be up about 4.7%

The LBS share price is only up 2.6% as it has been holding steady at $7.85 virtually all day when one might expect it to be hovering at just over $8.  

If nothing changes in the next 90 minutes, it means the premium will be coming off a little bit. 

I have just started looking into this, but I have to wonder if the LBS share price is being stubborn to the upside today because people are expecting the bank and lifeco stox to drop.  Or maybe the market maker got caught short and is trying to buy back shares on the cheap.

I don't think anyone that follows this thread is interested in this kind of stuff.  If you are, let me know and I will keep posting.  Otherwise, I'm just taking to myself which is weird.
Comment by EdPaquette on Oct 17, 2022 4:52pm
Keep posting.  
Comment by bubba9 on Oct 18, 2022 1:14pm
Don't stop talking to yourself.....
Comment by Williy on Oct 19, 2022 9:12am
Hello to Mr. Obscure1, I'm interested.  I say this because LBS treated me well for a while.  I am not in it now.  Still, your observations are well-thought out, and I like to read them.  Market sentiment is broadly poor, so I don't know when I will get back in, but deep down, I believe that the companies that are within the portfolios of LBS and LCS will thrive in the ...more  
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