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 jastorontoon Dec 24, 2011 9:01pm

454 Views

Post# 19351094

RE: 2012 - predictions

Hi friends, Merry Xmas and happy new year to all.

I have just joined Stockhouse today. Although I have been a silent reader for the last couple of months but didn't open up my acc.

I am holding a few thousand shares of BNK. I traded with good returs in Feb., March and April 2011 but when they disappointed in production fall back I get caught and couldn't exit. Ever since I have been buying on dips, sold some at 5.35 and 4.98 but my long time holding avg. price is still around $ 6:00

My other holdings are PD, TGD, SVY and VRO all on TSE. I got burnt in VRO, lol.

Last month I did well trading PBN and PBG, but as PBG gained $ 3:00 in a week, I have none because I sold all 2500 shares and bought PD at 12:03 which is trading at 10:75 now LOL. Its very difficult to track these oil service stocks.

About BNK, all analysts guiding higher from here. On Yahoo finace they have 1.8 rating with low of 4.87 and median price 9.0 and high 11:50.

I personally feel that this stock is very much ready to bounce back, waiting steam injection and I st quater production results. I strongly believe in this company and will load another 5000 shares on 28 th Dec. at 4:45 or less and trade them at .50 cents profit. I will sell my long term holding at 10+ but once it moves above $ 8, I will put a stop loss at 7:30

Good luck and happy trading.

jas

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