Canadian Banc Corp T.BK

BK unit nav to sept 27 AFTER dist. = $18.53

[mouserman]

So as it is ex-dividend date , BK lost about 1.01 off the unit nav when including distributions to preferreds and commons.
Value of the commons then would be $$8.53...premium is much to high to be buying here in the current market environment ... @  34.8 % after distributions. I am expecting a dead cat bounce in the financials some  time soon... but future does not look positive until rates start to get some hints of cuts in the near future.

[royalton]

Please explain how you arrive at the value of the common shares...I'm confused if the nav IS 18.53how can the value be 8.53?

[es25]

17.5% yield if you buy now!

[Ganyman61]

What method does Quadrevest use to calculate the NAV of the common shares of BK? 

[mouserman]

Quadravest will use the TOTAL value of the holdings plus cash in the bank to calculate the UNIT NAV, which = one common share and one preferred share ( always valued at 10$). At last check the UNIT NAV was below  19 $ after distributions were figured in , so today around $18.50 . SO minus the 10$ for preferreds the commons have a REAL value of $8.50 . Buyers today are paying a huge premium, (

[Higherhopes2020]

Thanks bought some @11.05.  Yield looks good and loner run over 6 years I should get my investment back in dividends..

[kurtwalter]

Quadravest targets 15% yield for BK. Calculated at mean price of last three trading days of the month. So if BK is down, dividends are too.