Investment Q&A

Q: I need clarification on Norbert's Gambit which my brokerage appears to dislike.

I would like to convert a quantity of $US in my $US Account to my $C Brokerage Account without paying the brokerage spread. Would you please correct any errors in my thinking and answer my questions as I try to use Norbert’s Gambit. I asked the brokerage for assistance and I was told that the agent was not permitted to provide assistance for the Gambit. All he could do was to follow my instructions.
Do I:
1. Buy Horizon’s DLR.U in the Canadian side. How do I do this when my $US are located on the US side? Can I journal the $US into my $C Account and retain them as US currency?
2. Sell DLR, not DLR.U in $C on the Canadian side. What do I have to do, if anything, to change DLR.U to DLR?
With great appreciation,
Ed

Q: What stock in the defense industry would you recommend for a five year investment?

Q: What's the best way to invest in Argentina? Big fan of Milei

Q: I am looking to initiate a 2.5% position in one of these two companies, in order to increase the industrial component of my portfolio. Both have received favourable commentary by 5i. Looking at a five-year time horizon, which one would be deemed to be the more prudent position to initiate?

Q: 1. has well ever been in a profit since inception if so what year and what was the EPS. that year. .2. what is the EPS projection for WELL for 2024 year . 3. what is the projection for EPS for 2025 year. 4. what is the share count for years ended 2022 and 2023. 5. have the insiders been buying more shares at depressed market prices or just exercising options at lower prices and selling.into the market thanks Richard

Q: Hello Peter & team,

Microsoft reports in 4 days. Can you please tell us what the expectations are, and if you think there will be a beat or a miss? And how you think the stock will perform over the coming 3 - 5 years.

Thanks for all you do

gm

Q: Please give me the dividend payout ratio based on Non-GAAP earning per share, operating cash flow per share and free cash flow per share. Thanks.

Q: We seemed to be cursed with "Living in interesting times". Do you think Lockheed Martin is a possibly, smart buy after their quarter/2023 report and resulting pull back?

Q: Yet another question about WELL. Insiders have bought shares actively in the end of December. Most likely with end of the year options or is it? Do we know if their purchases were made at market price?

Yves

Q: I have very small positions in both of these stocks. I am wondering about consolidating them into just one. In your opinion, which would be the best one to hold over the next three years?

Q: Hi 5i Team,

May I please have your thoughts on UNH? Is it a hold, sell or buy? Would you also recommend an alternative to it.
Cheers,
Harry

Q: Please give your opinion on qbr as a buy for growth/dividend vs Bell,Rogers for a 3-5 yr hold
Is the growth potential margin worth the bet on a smaller more regional player
Thanks for your great service
Peter

Q: Thoughts on earnings and guidance ? Thank you.

Q: Hello team,

Your opinion please on the temporary shut down of processing
operations at its refinery.

Thanx!

Q: Could you please give me your opinion on DRX upsharply but still trading at a low multiple. Is this a long term investment or possibly becoming overvalued. Thanks for your analysis,

Q: What is your view on Wajax? As a smaller market cap with yield, is it a decent alternative to the bigger names like CAT, TIH or FTT? If not, which is your preferred name at these levels and why? Thanks and deduct the necessary credits...

Q: Good morning; I am curious as to what, if anything, is behind the drop in share price of PWR over the past 3 weeks? I cannot see any news on sites I have access to, and am wondering if politics or analysts are having an impact behind the scene? It suffered a more extreme price decline back in September '23. Thanks very much!

Q: your thoughts on BASF (BASFY) ? Dividend payer/ large european company. For a long term hold. thanks

Q: Hi 5i,

Here's what I received from Investorline. ADRs are not automatically converted, but you must call in for Option 1. Otherwise, I think they just cash them out later on.

MO InvestorLine has been informed of an ADR Termination on FLUTTER ENTMT PLC AMERICAN DEPOSITARY RECEIPTS UNSPONSORED.
Terms:
Due to the ratio of Flutter ADSs to Shares, ADSs MUST be surrendered for cancellation in lots of 2 ADSs for 1 Share.
Option 1: Convert to Ordinary Shares (a cancellation Fee of USD $0.05 per ADR and a cable fee of USD $17.50 would apply) (See Important Notes)
To receive One (1) Ordinary share of Flutter Entmt Plc for Two (2) ADR surrendered.
Option 99: Take No Action (Default)
See Important Notes

Important Notes:

Flutter Entertainment PLC has announced that it intends to delist its Shares from the Euronext Dublin exchange and list its Shares on The New York Stock Exchange, both to be effective January 29, 2024. The Depositary believes that the direct listing of the Shares on the NYSE will make the ADS facility for the Shares unnecessary. Accordingly, the Depositary has determined to terminate the ADS facility and to make certain amendments to the form of ADRs and Statement of Terms and Conditions under which the ADSs are issued to facilitate that termination. The last day to trade Flutter Shares in Euronext Dublin is expected to be January 23, 2024. ADS holders who wish to sell Flutter Shares in Euronext Dublin must surrender their Flutter ADSs as soon as possible to receive delivery of Shares in time to become holders in an account with their broker or financial intermediary.

Holders are hereby notified that the Depositary has amended the Terms and Conditions of the ADSs to (i) reduce the required notice period for termination of the agreement under which the ADSs are issued from 90 days to 30 days and (ii) require the Depositary to wait at least six months after the termination date before selling the Shares represented by the remaining ADSs. The Article of the Terms and Conditions dealing with termination, as amended, is Annex A.

Holders are further notified that the agreement providing for issuance of the ADSs, as set out in the Terms and Conditions, as amended, will terminate at 5:00 p.m. (Eastern time) on January 26, 2024.

Under the Terms and Conditions, as amended, holder will have until at least July 26, 2024 to surrender your Flutter Entertainment ADS for delivery of the underlying Shares. If you surrender ADSs for delivery of the underlying Shares, holders must pay a cable fee of USD $17.50, a cancellation fee of USD $.05 per ADS surrendered and any applicable U.S. or local taxes or governmental charges.

After July 29, 2024, the Depositary intends to attempt to sell the Shares underlying any remaining ADSs. If the Depositary has sold those Shares, holders must surrender their ADSs to obtain payment of the sale proceeds, net of the expenses of sale, any applicable U.S. or local taxes or governmental charges.


BMO InvestorLine requests that you direct inquiries pertaining to the offer (other than submission of instructions) to FLUTTER ENTMT PLC. Shareholders are advised to obtain independent advice and consult the offering circular regarding any possible tax consequences and for further details of the offer.

Please call BMO InvestorLine on 1-888-776-6886 and provide your instructions. Faxes and/or written instructions will not be accepted. Instructions must be received prior to July 18, 2024 9:00am Eastern Standard Time (EST). Any instructions received after this time will be sent on a best effort basis only. If no instructions are received, BMO InvestorLine will take no action.

BMO InvestorLine does not charge your account any commission for reorganizations or entitlements. Please allow 1-3 weeks after the expiry date for processing of Canadian issues and up to 90 days if US based. If you tender your shares to an offer, please ensure you do not place any sell orders on the position. This may result in a short position and financial losses that you may be responsible for. If you wish to place a sell order, please contact us first to ensure your original instructions can be cancelled.

For offers that include a cash payment, the payment will be deposited in the account in the same currency as the currency in which the position is held in the account, which may result in exposure to a foreign currency conversion. BMO Investorline will not be responsible for any losses incurred as a result of a foreign exchange conversion.

Regards,
BMO InvestorLine
The information in this letter is compiled from sources believed reliable. However, BMO InvestorLine does not ensure the accuracy, adequacy, timeliness, completeness, or fitness of the data and as such assumes no liability for any losses resulting in its use.

Q: Hello 5i
I cannot find Ross's question from Jan 24 on sector allocation. In fact, I believe that sector allocation questions and answers are filtered out of 5i data banks. Questions from users on this topic may appear in the morning and then magically removed by afternoon. Is this a systematic removal on your part?
Please share Ross's question and your answer with me. I am interested in these questions and would rather see them than not.
Tia!