Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by Rotalucepson Dec 17, 2022 6:59pm
92 Views
Post# 35178028

RE:People believe the title without reading

RE:People believe the title without reading
Rotaluceps wrote: It doesn't take a genius to see there is a problem here. 

Net revenues for the quarter were C$35.8 million, down 29% versus C$50.2 million in the same period last year, and sequentially down 16% versus C$42.5 million in the previous quarter. However, this beat Yahoo Finance’s average analysts’ estimate of C$31.48 million.

It beats "some" analysts very low expectation of a pre-bankruipt company. 
The revenue are declining again, lower than the previous quarter. C$42.5M - C$35.8 = $C6.7M down.

There are 600.99m shares. With a 14/1 reverse split...    600.99M x 14 = 8.4 billions shares. 


 If the company was to make a profit that will never happen, it would be divided by 8.4 billions among investors. After the r/s, Hexo will be short more because of the higher price. A r/s doesn't improve the business but will allow Hexo to last longer. The management want to keep their paycheck the longer possible. Once bankrupted, Tilray will get Hexo for peanuts. I knew there was no hope after all these previous bad quarter results, but with this one, they change the nails on the coffin for screws, screwing more the naive investors. 

Raison... Hexo have to be kidding...

The company said that the decline was attributable in part to “the timing of revenue recognition as certain shipments failed to reach their destination due to severe weather towards the period end.

The lost less money but the main problem remain the decliing revenues. 



 


Huge lapsus based on boose festivity after I bought my condo.

 600.99M x 14 = 8.4 billions   <<<<------ This is what happen when writing under boose. 

It doesn't make sense, it is the opposite but it doesn't change anything but to expose Hexo to more shorting. Hexo could try to get a toxic financement from a high risk bank as the price is higher. Think about orbite. 
<< Previous
Bullboard Posts
Next >>