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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Several recent IPO offerings have been withdrawn by the issuer, including LMPG and Q4. Are there specific reasons or is this part of a general trend?
Read Answer Asked by Jeff on June 15, 2021
Q: Hi 5i, What is the break fee, if CN gets the STB approvals? I see CP as being in a "No Lose situation, If they don't get KCS on refusal by STB they walk away with the break fee. Also If CN gets these assets it opens the door for a large US railroad to attack like a pack of hungry wolves to take over CPR. The politicians might have their heads explode if that happens. Does the Canadian government cabinet have to approve either of these deals?
Read Answer Asked by Keith on June 15, 2021
Q: This morning Sam asked a question about "compound machine" companies. I would appreciate a definition of "compound machine". Thank you.
Read Answer Asked by Dennis on June 15, 2021
Q: Basil III comes into affect this year. From a piece in Seeking Alpha on Basil III I read:

QUOTE:
To sum up, gold will become a risk-free Tier 1 asset and it will become more expensive to buy and sell unallocated gold. These factors are highly bullish for physical gold. So, investors in this precious metal will be generously rewarded, provided they buy physical gold. But let me explain this in a bit more detail.

Under Basel III, gold would become a Tier 1 asset or a zero-risk asset, for banks. As mentioned in the Basel III framework,

...at national discretion, gold bullion held in own vaults or on an allocated basis to the extent backed by bullion liabilities can be treated as cash and therefore risk-weighted at 0%. In addition, cash items in the process of collection can be risk-weighted at 20%.
END QUOTE

What affect will this have on Sprott's holdings of gold and on my ownership of shares in PHYS? If it is positive I should be buying more. Right?

Thank you...
Read Answer Asked by Ronald on June 15, 2021
Q: Using the current information could you rank the upcoming IPO's and comment on the on the best pick to come out .......... thx Ray .
Read Answer Asked by Ray on June 15, 2021
Q: Hi 5i team,
I'm trying to decide between Go Easy (GSY) and ECN Capital, both of which have been on terrific runs. How do you view their current valuations, their prospects for further growth and risks involved with each and how will rising interest rates affect their businesses? Finally, which would prefer currently if you had to make a choice?
Thanks for your great service.
Bob
Read Answer Asked by Bob on June 15, 2021
Q: Dear 5i,
Your ENGH report dated August 27, 2020 stated insider ownership of 22%.
I looked at the insider information on the company provided by your web site and could not find a statistic for current %insider ownership but, I did see %institutional ownership. Where can I find this information? It looks like insiders have been selling lately. Can you please tell me the current %insider ownership.

thanks
Read Answer Asked by Ian on June 15, 2021
Q: If I were to buy a stock today for income and growth , would it be Fiera ?…( NO ! ).
The Schmo of the 5i Income Fund @ 26% down, and stuck in a sideways purgatory. I realize it pays 8% , but we bought high ( you usually warn us against high dividends ) . Are we just parking money here, or do you think we should take a loss and move on ? Thanks .
Read Answer Asked by Thomas on June 15, 2021
Q: Peter,

Is SEDAR the only sure fire source for call dates on pref shares? I find the company's own website does not always make it clear. I find L.Pr.B a bit of an oddity. It is yielding 5% with a call date of June 2024 from what I can see. Most p/s are now yielding less than 5%. Is this with this issue because of the duration of time to call?

Thank you

Paul
Read Answer Asked by paul on June 15, 2021
Q: Am considering selling my TFSA shares of DND and adding to the a small position of GSY and/or NVEI. Your thoughts on this or do you have another stock that might be added to my 2 choices.
I’m not too sure on their logic in going private, was it a way of testing the market to see if other companies were interested?
Thanks to 5i in keeping me on track and giving your great knowledgeable opinions. John
Read Answer Asked by John on June 15, 2021
Q: Hi,

keeping in view the US Withholding tax on canadian investors.

If one has to hold US S&P 500, US mediam &small cap, US IT/technology ETF in canada.

Then which ETF would be be the best for a TFSA and cash account. ( I believe in a RRSP it does not matter ).

I currently hold SPY,VFV, IWO, VGT and QQQ in my TFSA and cash account. Do you think they are OK, or will you recommend some equivalent more efficient ETF's for exposure these sectors.

Keeping in view the difference between a TFSA and cash account, please suggest suitable ETF's for each, which would mirror SPY, VFV, VGT, IWO and QQQ.

Thanks
Harry
Read Answer Asked by HARRY on June 14, 2021