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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

Big Banc Split Corp
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Post by dbeaudeon Oct 07, 2013 9:16am
212 Views
Post# 21795705

Peters dropping coverage of Bankers..... YEAH!

Peters dropping coverage of Bankers..... YEAH!What the heck are they talking about....debt adjusted production? I am very familiar with DACF but I have never heard of debt adjusted production. Anyone know of this metric?
At least they have increased their target to $4.25 as a parting shot. This company's shares should be trading at no less than 80% of 2PNAV which is ~$5.75 cents.
Management needs to do something to wake up the market to the dislocsation of the stock price relative to its 2P NAV. At $5.60 the CFPS multilple is just over 4.0 times 2014 cash flow (based on current crude prices.
WAKE UP MARKET.... and get in while the gettin' in is good!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities