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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

TSX:BNK - Post Discussion

Big Banc Split Corp > Latest press release - terrible for shareholders
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Post by oilsyd on Jan 21, 2016 12:29am

Latest press release - terrible for shareholders

I have to agree with Cashtango that this press release is highly negative for BNK. It clearly states that the government is going to lower the profitability of this field for BNK by extracting more taxes.  With all the ongoing problems, this will cause a further erosion of trust amongst the shareholders.  I expect this will be reflected in the shareprice tomorrow.  <br><br>

Cheers<br><br>

Oilsyd
Comment by himmler on Jan 21, 2016 9:44am
You are of course free to agree with whoever you want ,and thereby deliberately antagonize some posters by merely saying that.However as Witman I believe it was, pointed out via his pet ape?,that the market will decide if that news is good or bad.All other discussions will remain moot .
Comment by oilsyd on Jan 21, 2016 10:35am
Well Himmler,what is this board for if it is not for expressing opinion? The board shares news, info and opinions and I really do not understand why people come on here to disparage opinion merely because it is not what they want to hear. I made my post in response to other posters who I felt were not being realistic about the latest news. Am I stating the obvious? Of course, but when I see ...more  
Comment by himmler on Jan 21, 2016 12:28pm
Opinions are always welcome here as in any board.But if memory serves me correctly your opinions sway both ways.Consistantly.All I will say is this: if I posted as inconsistant as you do about BNK,I would sell and move on.I couldnt be bothered to search your history as I  know my memory is correct. Some poster finds some "news" in some local rag and posts it on here and thinks its ...more  
Comment by wittmann on Jan 21, 2016 11:46am
Hi Oilsyd.I agree that the news release isnt positive ,however its only us retail investors that are left in the dark,and thereby have to resort to BB's for non-stop speculation.As stated before,and for some reason missed in your discussion,others too,that whatever Albania decides its not just BNK thats affected but ALL future investment by ANY other outside company's...and there are two ...more  
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