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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 > re-filing of Management's Discussion and Analysis
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Comment by wallop13on Jan 29, 2016 10:51am
143 Views
Post# 24505442

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:re-filing of Management's Discussion and Analysis

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:re-filing of Management's Discussion and Analysis
Shlinker_ wrote: 72,000.oo? arent there netter play's with that kind of money? I mean BNK looks "ok", but they are in hot tub right now, the waters bit warm. Uncertainty is not a good gamble. I only have 8300.00 invested here. Wouldnt PXT, GTE, or WCP be better investments? Im just asking.



I guess it depends what you're looking for. I think the stock has a 50% discount for the tax dispute. At the end of the day when the volatility subsides and demand re-balances, BNK will have 16,500 barrels flowing, 120 million ish in debt and Albania is not going to cook their golden goose. Believe it or not, BNK looks better than most companies that are trading at much higher prices per flowing barrel. I think people don't fully appreciate the debt situation with BNK. Most other oil companies are leveraged to the hilt and I don't think people fully appreciate that BNK has super low debt and will likely have cash flow from operations of at least 10 million in Q1 if brent averages $30.
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