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 > Goodie

<< Previous

Bullboard Posts

Next >>

Comment by LordIskanderon Mar 16, 2016 4:39pm

74 Views

Post# 24666619

RE:RE:RE:RE:RE:RE:Goodie

Seriously guys one of you is looking at the cash flow statement (Bwainclowd) and one at the Income Statement and Balance Sheet. The cash flow statement brings the two together. It's the better one to look at. Gleaning it we can observe that the loss per share is attributed to depriciation, ergo it is a purely accounting loss.

Once revenues (read Brent) are up then earnings per share will go up.

The tax assesment does not even count for anything considering that Albania owes more Bankers (VAT refund) than Bankers owes to Albania ($57MM tax assessment).

Liquidity is not going to be an issue. Reiffessen will roll its revolver.

good40 wrote: Thanks BrokerG. I'm very aware of their capex for 2015. What braincloud fails to understand is that
their loss per share wasn't affected by $144 million. Capex is not used for earnings.

Capex does not include operating expense, transportation and sales costs nor G&A, which braincloud
uses for the $144 million. Just a coincidence that it matched capex.

Capex is added to the balance sheet, depreciated over time.

If you purchased a rig for $1 million, that $1 million would not affect earnings... it would depreciate over a number of years. Next year it might be worth $900k, and $100k would be depreciated on the income statement.