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E-L Financial Corporation Limited (ELF $14.90)
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United Corporations Limited (UNC $13.85)
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Economic Investment Trust Limited (EVT $20.00)
Q: Would appreciate an update on this trio of related companies. The share split seems to have benefitted EVT and ELF appears to be increasing in anticipation of the same.
5i Research Answer:
ELF reported its 20th quarter of slowing sales growth, but the numbers and outlook were still better than feared. The company did not issue specific guidance, and tariffs remain a concern, but the worst may be over here for the moment. Consensus does call for earnings to double over the next two years. EVT:CA trades at an 18% discount, making it more attractive. Its five year return of +24% is very impressive, and it is up 44% YTD. It is still loaded up on banks/insurance companies at 49% of the fund. But certainly is peforming. UNC continues to trade at its high discount (now 35%). Nothing much has changed here recently. 5-year is 13.26%. YTD better at 16.6%. Tech is 19% of the fund currently.