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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

Comment by good40on Mar 15, 2016 1:26pm
113 Views
Post# 24660501

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Braincloud

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BraincloudBraincloud... it is fairly obvious that your investment has lost a huge percentage, unless of course you've previously sold for profit. I have to doubt that option though, since you've never indicated on any of your posts,  that you've done that. All of your posts defend prospects, so any selling while promoting would not be considered too ethical. Just my opinion.

As to your debate with Flowgo... he obviously thinks there will be a better opportunity and I have to agree. The reason for my opinion, which is opposite to your opinion, is that Brent has averaged less than 25% the 2015 average, production guidance suggests a 15% reduction, there could be a binding agreement award which affects BNK's cash position, the $18 million short term loan might be payable by the end of this month and the fully utilized 2nd tranche of the line might have to be reduced in Q2.

Financials showed they lost money in 2015... I can't think of a reason why you might think 2016 should offer better results. To this point, your argument has only been that sh/pr follows the price of Brent. As the quarterly financial statements roll along, that argument is weak because they must be able to make a profit. Price and value always meet at some point.
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