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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
Post by dbeaudeon Nov 18, 2013 3:22pm
291 Views
Post# 21916815

CRAZY comparison

CRAZY comparison
Parameter (millions*) Bankers Baytex
Share Price  $    3.75  $      41.00
Shares* 255 125
Market Cap*  $     958  $      5,400
EV*  $  1,013  $      6,400
2P* 226 292
debt*  $     103  $         760
Prod 19500 57500
capex*  $     550  $         247
FFO (Q3)*  $       81  $         199
Net back (Q3)  $  43.00  $      49.00
RLI 35 years 14.5 years
FFO multiple (annualized) 2.95 6.44
Debt to FFO 0.32 0.95
Production CGRA 20% 8%
EV/FFO 3.13 8.04
EV/2P 4.48 21.92
Yield 6% 0
Take a look at Bankers verses Baytex. It is a travesty as to how much Bankers is undervalued veres the Canadian peer Baytex. This comparison clearly speaks for itself. Bankers management has done a dreadful job promoting the company to the detriment of its investors



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