EQUITY FINANCIAL HOLDINGS INC. T.EQI

More shares being bought. Mtge loans growing like crazy

[dealmaker0]

Smoothwater Capital acquires additional shares in Equity Financial Holdings Inc.

 

Canada NewsWire

 

TORONTO, Dec. 30, 2013

 

TORONTO, Dec. 30, 2013 /CNW/ - Smoothwater Capital Corporation (Smoothwater Capital) announced today that Smoothwater Capital Partners LP I (Smoothwater LP), a partnership controlled by Smoothwater Capital, has acquired an additional 202,700 shares of Equity Financial Holdings Inc. (Equity), representing approximately 2.17% of the issued and outstanding shares of Equity.  Following such acquisitions, Smoothwater LP now holds an aggregate of 1,304,900 shares, or 13.96% of the outstanding shares of Equity.  Smoothwater LP is the largest shareholder of Equity based on a review of public filings.

 

 

 

Read more: https://m.digitaljournal.com/pr/1660520#ixzz2p3VgaEJ9

[frankstevens17]

Investors who get into bed with Smoothwater Capital on deals need to remember the old phrase, "when you lie down with dogs you get up with fleas". Smootherwater Capital has only done two deals, Genesis Land Corp in Calgary and Equity Financial in Toronto. To date neither one of them has shown much inspiration. 

[dealmaker0]

good point. Intrinsic value the magic word. If the book value of an asset goes up from 400 million to 1 billion in 1.5 years the share price will go up. Genesis is more of a stupid land hold with a bunch or real estate assets. Its hard to add value to that play.