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Brompton Split Banc Corp. (SBC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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11.50+0.20 (+1.77%)
At close: 03:53PM EDT
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  • V
    Vlad Impala
    Jun 23: SBC is down 7% intraday, making it the worst day since 11 Jun 2020 when compared to daily closes. However, in terms of intraday drops, it is the worst since 2 May 2022.
  • m
    mmb
    NAV on Thursday morning is apx $9.87.. Almost $2 premium
  • m
    mmb
    shorted another bunch ( and bought BMO has a hedge).. Trading at $1.70 premium
  • m
    mmb
    premium up over $1 again this morning
  • M
    Matt
    SPY falls past May lows, and this still well above May lows and trading at a premium. Wow.
  • m
    mmb
    NAV of split shares continue to degrade.. LCS, one of the other brompton funds have dropped below $5
  • m
    mmb
    by my calculation, NAV around $11.63 ( monday 11:23)
  • m
    mmb
    Shorted more today... NAV down 3c currently, but was able to short at market price 2c higher than Thursday.....
  • m
    mmb
    almost 10% premium now.. Probably most I've seen...
  • T
    Tyson
    The Company is pleased to announce that class A shareholders of record at the close of business on December 14, 2021 will receive 25 additional class A shares for every 100 class A shares held, pursuant to the Share Split. Following the Share Split, class A shareholders will continue to receive the currently targeted monthly distribution of $0.10 per class A share. As a result, the Share Split will result in an overall increase in the dollar amount of distributions to be paid to class A shareholders by approximately 25%.
  • m
    mmb
    Do note, that the majority of the payout on the class A shares is ROC... Check the web site !!!
    For 2020, only 16% of the distribution was actually income !!!!!!!!
  • m
    mmb
    shorted more at over $1 premium...
  • m
    mmb
    Today's price action shows how the stock price can't get ahead ahead of NAV to much... Stock drops 25c, yet the NAV increased by 6c......... Stock currently at 16.12, and Nav at 15.90... More weakness in stock price will happen unless underlying NAV increases...
  • B
    Bill
    Has anyone received their extra shares yet?
  • m
    mmb
    As of close Wed evening, the Class A shares trading at a slight discount again to NAV....
  • m
    mmb
    Just shorted a pile of shares. SBC NAV near 12.80
  • A
    Anonymous
    Just started a position here.......... I believe its still trading below nav and looks very solid to pay out..
  • V
    Vlad Impala
    Investors of SBC should know, due to the share split, they will have 25% more shares, but the NAV per share will drop by 20%: 1.25 x (1 - 0.2) = 1.
  • m
    mmb
    dumped all shares over past 3 days.. trading at an unusual small discount
  • m
    mmb
    just traded at a premium to NAV !! wow, that hasn't happened for a long time