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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Post by stocktaon Sep 25, 2008 9:22am

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Post# 15483248

Compare to OIL.TO...

Look at Oilexco stock from last year. Fully diluted earnings of .34 per share but stock trading near $20 or 60X earnings. Now trading at $11.30 per share or about 40X earnings (approx). Then you look at BNK with about 6,000 BOE's per day production with 200M shares o/s trading at about 10X earings (earnings per share calc about .33 at 6,000 BOEPD). So even at Oilexco's depressed multiple of 40X earnings, BNK should be trading now at about $10 per share and when BNK moves to 14,000 BOEPD ...well, you get my drift :)

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