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Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN.PR.C


Primary Symbol: T.ECN Alternate Symbol(s):  ECNCF | ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial... see more

Bullboard (TSX:ECN)

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Post by Betteryear2on Dec 06, 2021 12:45pm

Completion of the Sale of its Service Finance Business

TORONTO, Dec. 06, 2021 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) is pleased to announce that it has closed its previously announced sale to Truist Bank of all ...more  
Post by BigJoon Dec 02, 2021 11:40am

Meeting today

The Special Meeting on the proposed Capital Reduction Resolution and Return of Capital was held this morning. No official word yet from the company. They have stated that the asset sale transaction ...more  
Post by retiredcfon Nov 29, 2021 7:49am

Serious Bargain?

Unless the SP falls less than $7.50 when the dividend is paid, the remaining two companies are now valued at just over $3.00, while analysts have their value pegged at between $5.00 and $6.50. GLTA
Post by retiredcfon Nov 25, 2021 10:43am

Globe & Mail

PUBLISHED 2 HOURS AGO Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow The research team at RBC updated their list of top picks in ...more  
Comment by pierrelebelon Nov 24, 2021 11:03am

RE:Post Dividend Guidance

One important consideration to keep in mind. After going ex-dividend, the shares should first trade in the $3.50 to $4.00 range, resulting in a market capitalization of under $1 billion dollars ...more  
Post by retiredcfon Nov 15, 2021 7:15am

Post Dividend Guidance

Q: Once we receive the dividend from ECN, would you recommend using the funds to re-purchase the shares of ECN? We do like the prospects still of the company with its remaining two divisions and ...more  
Post by retiredcfon Nov 13, 2021 2:42pm

TD Report

ECN Capital Corp. (ECN-T) C$10.89 Q3/21 Results in Line Event ECN reported Q3/21 adjusted-operating EPS from continuing operations of $0.06, up 72% y/y, better than our ...more  
Post by retiredcfon Nov 13, 2021 11:56am

Two Upgrades

Raymond James obviously works out to $11.75 at current prices. GLTA   ECN Capital Target Raised by CSFB C$12.50 C$13.00   ECN Capital Target Raised by Raymond James  ...more  
Post by toppgunnon Nov 12, 2021 9:53am

Positive Market Reception

The market has reacted well to the financials and change in company format.  This tells me ECN will continue to trend upwards going forward.  The markets can be very unpredictable as this is ...more  
Comment by TimeScapeon Nov 11, 2021 6:55pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

If you held Element when it was split into 2 companies the allocation of your original Element ACB is 79.44% to Element Fleet and 20.56% to ECN Capital, according to this news release from Element ...more  
Comment by snootchybootchyon Nov 11, 2021 5:04am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

Thanks for this information.  Anybody know how to calculate the cost base of ECN if you received shares of ECN when it was separated from Element Financial? 
Comment by pierrelebelon Nov 10, 2021 10:01pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

Unfortunately the decision to consider a large portion of the $7.50 distribution as "return of capital" removes the advantage I had planned with a $7.50 "eligible" dividend. Since ...more  
Comment by toppgunnon Nov 10, 2021 9:10pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

Appreciate the answer as can be a complicated scenario to understand.  This seems to be the normal when a company restructures or changes similar to this type of company format.     ...more  
Comment by TimeScapeon Nov 10, 2021 9:03pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

They stated the dividend will be paid in December. If you have a $3 cost base for ECN, this is what will happen if you hold ECN in a taxable account - estimated numbers.  The dividend portion of ...more  
Comment by toppgunnon Nov 10, 2021 8:49pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD

The scenario on the dividend payout does seem a bit complicated.  Myself, buying ECN in the 3ish range back in April 2020 will continue to hold unless this becomes negatively effected.  My ...more  
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