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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

Bullboard Posts
Comment by dbeaudeon Mar 15, 2013 11:33pm
157 Views
Post# 21138814

RE: RE: RE: RE: pretty good #'s

RE: RE: RE: RE: pretty good #'s

Right on the mark Cash and to refine it even more, cash flow from operations is more precise than corporate cash flow which takes into consideration changes in a number of balance sheet oriented items such as increases and decreases in payables, receivables etc.

Operating cash flow cannot lie and is the most consistent, dependable gage of operating performance.

Bankers in my opinion is firing on all cylinders now and I am amazed that some international senior independent has not bolstered their reserves and production by acquiring Bankers. In five years from now they should be producing ~35000 bbls per day and generating $600 million in operating cash flow. That is $2.50 per share times 4 would be at least $10 per share which is a 350% gain from here. Of course that does not include the potential unlocking of the billion bbls of contingent reserve base. IF and when that happens the share price would considerably higher than $10.

 

Bullboard Posts