Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

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 > Seeking Alpha article for those that care

<< Previous

Bullboard Posts

Next >>

Comment by LordIskanderon Feb 18, 2016 6:31pm

145 Views

Post# 24572849

RE:RE:Seeking Alpha article for those that care

I think this douche has got me on 'ignore', but the argument is definitely not weak. If you are willing to pay $180MM for 1 billion of OOIP, how much are you willing to pay for 5 billion OOIP? Exactly 5 x $180 = $900MM or roughly $3.4 per share.

braincloud wrote: Personally I think this guy's argument is weak if he thinks that Shell by spending $100 mill for some leases somehow measures Shell's commitment to Albania and then to argue that they'd be interested in taking BNK out at $1 billion. That's a big reach IMO.$100 Million for Shell is a tiny amount in the context of Shell's budget. That said, I wish he was right.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features