Bullboard - Stock Discussion Forum 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... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > Government problems are never good news for these juniors

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Post by CindySwirl on Dec 04, 2015 3:43pm

Government problems are never good news for these juniors

I was looking at the price action today. caught my eye. I don't think its worth touching yet. $53 million is a big amount. Very uncertain to get it back. government games = watch out. just IMO

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Comment by WestCoastEagle on Dec 04, 2015 3:48pm

"yet" - What would you want to see to change your mind?

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Comment by eXpeditor on Dec 04, 2015 3:50pm

It's not $53m it's $57m and this cost is already priced in the share price. This stock can only go up from here as soon as oil price starts to go up next year.

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Comment by CindySwirl on Dec 04, 2015 4:08pm

eXpeditor. I don't have any valuation work done on bankers. you could be correct. I will dig into it some more. cheers. just have concerns over foreign govt' intervention. Albania does not have a good reputation either. Niko was a strong buy from $100 to 8 cents. again, IMO. GLTA

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