Investment Q&A

Q: Hello 5i, I had shares of Score in a TFSA account and a SDRSP acct and now I have PENN in both accounts. Could you comment as to can PENN be held in these 2 accounts and the tax issues in both accounts.

Q: S084314
SCORE MEDIA & GAMING INC CL A SUB VTG SHS NEW

What is going on here? I lost all my money on this stock in one of my accounts?

Thank you.

Q: Hi 5i Team - I have sold my shares in Score but am interested in investing in a company in the same space. Am considering buying Penn and am just wondering if this would be a good strategy. Also are there any companies similar to Score that you would recommend - Canadian or U.S, any size of market cap but small and mid cap are preferred. Thanks.

Q: Hi,

I own SCR in my TFSA account and pleased with the recent acquisition announcement. However, I am not sure if I will receive Penn shares or Exchangeco shares when the deal finally closes.

I am assuming I would receive Penn shares as tax is not a consideration while holding this security in my TFSA. Is this a correct assumption?

Also, would I have to make an election prior to the upcoming special meeting on October 12th or would 'no action' allow the process to unfold as recommended and I end up with cash and Penn shares in my TFSA.

Thank you again for your insight.

Q: Assuming the early Oct. vote approves the purchase of these companies,when are the transactions scheduled to occur?Thanks for the info.

Q: It looks like the gap has really narrowed down.
Better to sell now or wait for penn shares/cash?
Any benefit to waiting a little longer?

Q: What is the "Exchangeco" company? Does it makes sense to take the option of exchangeco shares?

From the circular:

Eligible Canadian shareholders will be able to elect to receive shares of Exchangeco (“Exchangeable Shares”) in lieu of the Penn Shares to which they would otherwise be entitled. Each whole Exchangeable Share will be exchangeable for one whole Penn Share, subject to adjustment.

Q: Greetings:
I know because it has been mentioned countless times that you are not tax experts, but perhaps you can help. When does a section 85 form need to be filed and when not? In the case of IPL, PWF, Uranium participation by Sprott Uranium Trust it is necessary, but not with score media and Penn. Perhaps it depends if it is a merger or acquisition, and what determines this. Perhaps the rules have changed in the last months. Thanks for your help.
BEN.

Q: Follow up to my previous question. May I ask why you are not recommending it for trading now, even though it is bought by PENN?

Q: Do you think SCR is a good buy for day to day trading, and if yes, what suggested buy and sell prices please? Thank you.

Q: Hello 5i, Could you comment on when the takeover of score by Penn State will occur. Also as I own The Score what do you think would be the best option - Sell now or take the shares in Penn State. Also do you think there could be a competing bid?

Q: What is your view on this stock .Where do you think this stock is going.
Thank you.
Jim.

Q: Hi 5i,

In response to John's question today about the takeover, could you expand on time to sell. The discount is roughly 15% in cad compared to current prices. Do you feel the takeover will face any competition or rivals? Is it worth the wait to realize discount, assuming PENN goes up by Q1 2022 projected settlement date?

Thx

Q: The shares of Score Media is being acquired by Penn National. Please kindly advise hold or sell into the market for a current holder? Thank you for the great service. Bill.

Q: Re SCR, nice news today. I hold shares in a non-registered account. Penn National is a U.S. listing and I'm concerned about holding them in a non registered account so I expect to sell my shares before the transaction closes.
Is there a "best time" to sell. Thanks John

Q: So what is up with the law firm going after Score? Are they just fishing for clients?

https://www.businesswire.com/news/home/20210720006218/en/ScottScott-Attorneys-at-Law-LLP-Announces-Investigation-into-Score-Media-and-Gaming-Inc.-SCR

Q: Greetings,

Can you please analyze SCR's results.

Thanks

Q: I have more gaming stocks than I want or need. Can you advise which to hold vs sell.

SCR (down 10%), BRAG (down 40%), and EGLX (up 15%). Thanks

Q: Hi 5i,
I'm hoping you can 'unconfuse' me.
In answer to Bob's question about LUCK on June 25 you said you prefer EGLX and in answer to a question about BRAG on June 8 you discussed SCR. All the questions had to do with the recent change allowing single game betting. I had thought that EGLX and BRAG are gaming platforms and SCR and LUCK are betting platforms, and therefore serve totally different markets, so I don't understand why they are discussed in the same breath, and I also don't understand how the recent legislative change might benefit EGLX and BRAG, although I can readily see how it might be positive for SCR and LUCK.
Can you help me out?
Thanks,
Peter

Q: Hi !

Would you be able to suggest some worthy companies in the sports betting area?
Are valuations reasonable right now? Is 5i interested in any of them?
Cheers,
David