Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Bullboard Posts
Post by PUNJABIon Oct 04, 2012 1:55pm
333 Views
Post# 20448325

BNK is a trading stock......

BNK is a trading stock......

BNK is being traded by a few initiations. Have not see any serious pattern of major buyers or sellers recently. Even the short position has decent volume.  

 

The chart is improving slowly the stock is basically stuck in a range. The present large range is  $2.90 to $3.47. Where $2.90 is 50 ma & $3.47 is 200 ma. In principle the stock should find support at 50 ma & resistance at 200 ma.  50 ma is rising & 200 ma is declining & if the stock continues in the present trading channel of $2.93 to $3.30 & better the the gap between 50 & 200 ma will continue to reduce & eventually result into a golden cross where the 50 moves above 200 ma. Share price above 200 ma will expedite the process. The present channel is below 200 ma that is why it is taking too long.

 

The next leg up will start when the stock trades above $3.60 & finds support near that price price  or at 200 ma which is around $3.47 now.  200 ma is a moving price & is resistance this would eventually become support. Slow  improvement in price creates relatively low volatility. The price fluctuation is not bad. I find that BNK is a good trading stock.

 

 

 

 

Bullboard Posts