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 > Pecked away at some LBS today

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Post by mouserman on Dec 14, 2023 12:55pm

Pecked away at some LBS today

Still like the bigger exposure to the lifecos, their profits are NOT going to go down much, certainly not back to the levels of 0% interest for a decade or more. Banks still have some headwinds in 2024 , but for now everything is rosy. FOMO and MOMO have big power.
I have the UNIT NAV today at $17.60 and the offering should bump the NAV up a bit from there, considering the commons were sold for $7.80 in the offering.

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Comment by NoShoesNoShirt on Dec 14, 2023 1:02pm

what's a momo? What is momo slang for? "); display: inline-block; height: 24px; width: 24px; transform: rotateZ(180deg);"> momo (plural momos) (US, slang, derogatory) A moron. ...more

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Comment by mouserman on Dec 14, 2023 4:18pm

MOMO is short for momentum, FOMO is Fear Of Missing Out.

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Comment by oldbrit34 on Dec 14, 2023 3:57pm

Yes I " pecked away " too . It seems that there is a market sentiment shift with the banks but it is early days yet to say that is really so. I also liked that the premium is very small almost non existant.

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Life & Banc Split Corp