Q: Hi 5i,
BMO had a nice run up in share price last couple of days and today has fallen and I was wondering if this could be negative reaction to this latest news:
"Canada's Bank of Montreal has expressed interest in buying French bank BNP Paribas SA's U.S. banking unit,"
Is this considered positive or negative and why?
Would this influence your decision to add or start new position?
Q: Would you please explain why ECN is dishing all this money to shareholder and then turn around and then issue a debenture? Wouldn't it be better to use the money they are giving away rather than leveraging their balance sheet? Any indication what this money is going to be used for? Does this improve their growth potential?
Q: I have learned that Sun Life has lost its contract to provide health insurance coverage to the Federal Government (it is being replaced by Canada Life Assurance a subsidiary of Great-West). Do you think this will be material to Sun Life stock price?
Q: With LWRK 30% off it's high would you add here? What are the future prospects for the company? Is this a company 5i would consider for a detailed report?
Q: Unsure if this comment will be allowed.
My 10 year old money had some savings he wouldn't need for 18 months so he set up a GIC at Oaken Financial. Business as usual until his birthday this weekend. Oaken sent out a birthday card with a $5 gift card. In this day of form letters of thank you for your business, I'm impressed. Personal touch from an institution.
Q: Hi 5i,
Are the banks expected to increase dividends again in 2022 ? What scenario would be required to support or not support this expectation?
If so is there an expected percentage number being floated for BMO?
Is there a stock split coming?
Q: I recently sold my full positions in both of these banks and realized significant capital gains to use as income in my RRIF. Most big banks stocks have climbed since increasing their dividends so I'm not sure which one or two to buy next. I have done well over the years by buying the laggards, collecting dividends and waiting for conditions to improve. Which relatively poor performers would you suggest I consider next and why?
Q: If the ECN dividend is setup as a DRIP, how is the price of the new purchased shares determined? Is it end of day value or is there a price guarantee of some sort? I guess what I'm wondering is, will the automatic purchase of new shares from the special dividend effect the market value of the shares on the dividend payout date?
I unloaded some Canadian banks making rooms for US banks in my portfolio. Your thoughts on Western Union vs Huntington Bancshares (pending the merger with Truist Bank), I have JP Morgan, Bank of America and small portion of Bank of New York. Your input is always valuable to our family. Thank you!
Q: I have some ecn in my riff and need to get some cash available for my year end withdrawal and need to know if the dividend payment is in fact to be paid before year end to cover my government obligation so I will not have to sell other stocks to meet the cash requirement. Please advise.
Cheers Doug
“The Distribution is scheduled to be paid on December 22, 2021 (the “Payment Date”) to holders of Common Shares of record as of the close of business on December 15, 2021 (the “Record Date”). Subject to confirmation from the Toronto Stock Exchange, ECN Capital expects the Common Shares to commence trading on a “due bill” basis at the opening of trading on December 14, 2021 and to commence trading “ex-distribution” on December 23, 2021. The due bill redemption date will be December 24, 2021.”
This seems to indicate that you must be in ownership of ECN on December 14 to receive the dividend/distribution on the 22nd.
Is this some sort of financespeak? Are they aspiring politicians?
In this downtrend market could you please give your three best stocks to buy for 3 to 5 years hold in each sector in canada and US as well ?
Thank you for your best advise on this platform.
Q: Please clarify the ex dividend date for ECN’s special dividend. You have now given different answers ‘to this question, probably due to the company’ s confusing press release.
Q: I know no stock is as safe as bonds, cash etc. However based on valuation I think Manulife is a good stock right now based on valuation and dividend. Any red flags when you consider this stock? Thanks Bill