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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 > Should a guy buy BNK?
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Post by TornadoTomon Apr 29, 2016 6:09pm
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Post# 24827560

Should a guy buy BNK?

Should a guy buy BNK?Should a guy buy BNK at sub $2?  Is the worse scenario $2.20?  Thoughts appreciated.  

In the mean time, watch Wavefront, WEE.  I mentioned BNK should have looked at WEE's tech for waterflood.  Wavefront still in the $hitter trading at 11 cents.  In the past, it hit over $5.00.  What is interesting is the management discussion about working with Saudi, Oman, Kuwait and Bahrain.  The CEO used to chirp a lot in the past but oil economics took his song away from the radio.  Now the management seems to be cautious with statements.  In the management discussion they talk about 4th quarter and "anticipating revenue" from workings with the Middle East.    Anyone of those Middle East Oil Players could result in some significant dealings for Wavefront.  Keep an eye on it.  Fracking and horizontal drilling took a long time to be accepted.  Wavefront's technology could have its day in the sun?  Peace.  

Posting about the Management Discussion.
https://www.stockhouse.com/companies/bullboard/v.wee?postid=24817744
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