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Bullboard - Stock Discussion Forum Canadian Banc Corp - Class A T.BK

Alternate Symbol(s):  CNDCF | T.BK.P.A

Canadian Banc Corp is a Canadian-based company operating in the financial services sector. It is a mutual fund corporation that invests primarily in a portfolio of common shares of the Canadian chartered banks including Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Bank of Montreal, and National Bank of Canada. Its investment objective is to pay monthly cash dividends.

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Jun 30 Estimated Common NAV @ 10.61, Premium @ 28.8%

Jun 30 estimated ex-dividend combined NAV: 20.61, -0.64%. Preferred NAV: 10.00 (no dividend accrued).  Premium: 0.03 for $10.03. Common NAV: 10.61, -0.13 (-1.24%).  Premium: 3.06 (28.8%) for...read more
@ the Bell: Summer blues for TSX, Wall Street sees worst half since 1970
On the last day before the Canada Day long weekend, the TSX finished lower by triple digits in broad-based decline as commodity prices fell. Energy and base metals led decliners, while near 20 per... read article.
Buzz on the Bullboards: Sizzling sector highlights
It has been a sizzling few days recently for most of North America, both weather-wise and for investing discussions. The markets face a rate hike in the U.S., ongoing inflation, rising oil and... read article.

RE:RE:Jun 29 Estimated Common NAV @ 10.75, Premium @ 27.7%

The main danger of a big premium is that an overnight offering eats it up.  bk did one recently and they normally space them at least 3 months apart.  Why anyone would pay 27% more than...read more

RE:Jun 29 Estimated Common NAV @ 10.75, Premium @ 27.7%

Yep Why anyone would pay 27% more than something is worth is beyond me. Buying this stock at these valuations is highly risky.  rate and reply

Jun 29 Estimated Common NAV @ 10.75, Premium @ 27.7%

Jun 29 estimated ex-dividend combined NAV: 20.75, +0.06%. Preferred NAV: 10.00 (no dividend accrued).  Premium: 0.07 for $10.07. Common NAV: 10.75, +0.01 (+0.09%).  Premium: 2.97 (27.7%) for...read more
@ the Bell: Markets across the globe see red
Canada’s main stock index was down by triple digits come Wednesday’s close, amid losses in the energy, base metal, and technology sectors. Telecom and industrials moved higher. ... read article.

Nice finish for BK today, ex divvy date tomorrow..

Up 1.75%, while the NAV didnt go up anywhere near that much. However it was a positive  day in that 4 of the big 6 CAD banks were up on the day. Obviously some were switching out of non divvy...read more

Jun 28 Estimated Common NAV @ 10.92, Premium @ 28.0%

Jun 28 estimated combined NAV: 20.96, +0.07%. Preferred NAV: 10.04 (all of 0.04167 monthly dividend accrued).  Premium: 0.05 for $10.09. Common NAV: 10.92, +0.01 (+0.14%).  Premium: 3.06 (28...read more

Jun 27 Estimated Common NAV @ 10.91, Premium @ 26.0%

Jun 27 estimated combined NAV: 20.95, +0.63%. Preferred NAV: 10.04 (all of 0.04167 monthly dividend accrued).  Premium: 0.05 for $10.09. Common NAV: 10.91, +0.13 (+1.21%).  Premium: 2.83 (26...read more

RE:RE:Another bounce day for banks and BK

At this stage in the cycle, you might be better off just playing swings, instead of looking for distributions.  We need to do our own due diligence on this of course.  Most banks and...read more

RE:Another bounce day for banks and BK

Had a sneaky under-bid early this morning, but was not filled...may try tomorrow again, and if not , Will live to see another Day1..THere are other places for Divs, after all.  rate and reply

Another bounce day for banks and BK

Certainly seems BK was a buy in the low 13$ range, was not expecting the banks to rebound here this week. Ah well mostly in cash , and feeling ok about it....  CAD banks all green today, and the...read more

RE:RE:RE:Middle of recession is now.

Mortgage holders can walk away, if the bank agrees to a minor settlement or the courts decide the bank has to suck up the loss.  It happens regularly and when push comes to shove, it mostly isn&...read more

RE:RE:Middle of recession is now.

Just like in the US, Canadian Banks have to pass regular stress tests, which include relativley modest interest rates.  Comparing a 1980 rate to a 2022 rate, along with mortgage amounts doesn...read more

RE:RE:Middle of recession is now.

Yes I share those concerns.  Mortgage repos shouldn't cost banks too much since debtors are still on the hook and can't walk away in Canada. For others who pay their mortgage, banks get...read more

Jun 24 Estimated Common NAV @ 10.75, Premium @ 24.9%

Jun 24 estimated combined NAV: 20.79, +0.62%. Preferred NAV: 10.04 (all of 0.04167 monthly dividend accrued).  Premium: 0.02 for $10.06. Common NAV: 10.75, +0.12 (+1.11%).  Premium: 2.67 (24...read more

RE:Middle of recession is now.

Greetings Ed...this is from a newsletter writer I subscribe to. Do you or anyone else share these concerns? Canadian banks are going to get into trouble with their large mortgage exposure on housing...read more

Middle of recession is now.

The stock market looks forward 6 months and we are 6 months away from Christmas. I believe we are bottoming here in the summer so it's upwards from here. What does everyone else think?   rate and reply

Jun 23 Estimated Common NAV @ 10.60, Premium @ 26.8%

Jun 23 estimated combined NAV: 20.63, -2.30%. Preferred NAV: 10.03 (3/4 of 0.04167 monthly dividend accrued).  Premium: 0.01 for $10.04. Common NAV: 10.60, -0.49 (-4.38%).  Premium: 2.84 (26...read more

Jun 22 Estimated Common NAV @ 11.08, Premium @ 23.5%

Jun 22 estimated combined NAV: 21.11, -1.13%. Preferred NAV: 10.03 (3/4 of 0.04167 monthly dividend accrued).  Discount: 0.00 for $10.03. Common NAV: 11.08, -0.24 (-2.13%).  Premium: 2.61...read more

Jun 21 Estimated Common NAV @ 11.33, Premium @ 22.0%

Jun 21 estimated combined NAV: 21.36, +0.04%. Preferred NAV: 10.03 (3/4 of 0.04167 monthly dividend accrued).  Discount: 0.00 for $10.03. Common NAV: 11.33, +0.01 (+0.08%).  Premium: 2.50...read more

Jun 20 Estimated Common NAV @ 11.32, Premium @ 21.7%

Jun 20 estimated combined NAV: 21.35, +1.34%. Preferred NAV: 10.03 (3/4 of 0.04167 monthly dividend accrued).  Discount: 0.01 for $10.02. Common NAV: 11.32, +0.28 (+2.56%).  Premium: 2.45...read more