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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Big Banc Split Corp
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Comment by mikerosoft666on Jan 05, 2009 4:26pm
415 Views
Post# 15683452

RE: Other stock ideas discussinon

RE: Other stock ideas discussinon
I'm into V.WZR at .61¢  -  it jumped 32% today but could easily pull back to low .60's as it waits for news of current drill that should be at TD anyday.  J Schachter has pushed this one as having $1 CASH in the bank so very very limited downside if the current well doesn't show a huge reserve.  Someone on bullboard recalculated that CASH as about .70¢ and perhaps .50¢  if they don't hit oil big time.  

But the talk on this one is that it is drilling in a well known and politically stable region of Kurdistan with huge wells all around it and pre-approval to tap into Turkish pipeline so they can go into production immediately.

I've heard some wild numbers on target price but TD Waterhouse says $1.50 for 12 months.  I will drop half my position over $1 unless I can seriously see $1.25...  I don't want to grow old with this one.  I was playing it for something to do while I made money on ETF's playing the market instability... as it turned out I was the one who was unstable and so WZR has been my best play over past 3 weeks.  Don't jump in here.  Wait for .65¢ or if you are patient like Job,  wait for .55¢

Don't forget to check the NewsWire to make sure the share price is heading down there because they hit sea water... LOL...

Sorry for taking time from BNK - Also my hold but I don't want to tell you how I sold 30,000 at .51¢ when it tanked for a day...  :-(


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