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Bullboard - Stock Discussion Forum Home Capital Group Inc T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary... see more

Bullboard (TSX:HCG)

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Comment by canaderon Aug 15, 2022 12:30pm

RE:RE:RE:Takeover bid

Something doesn't smell right. Act accordingly,... (Sounds like a BS offer to play the stock price) Why would someone only offer $28 and change when the company is on solid ground. And only ...more  
Comment by HermannHalleron Aug 15, 2022 10:59am

RE:RE:Takeover bid

You're suggesting the unnamed bidder could be a hedge fund that just wants a higher price to short? That seems highly unlikely to me. First of all, I think management would see through that and ...more  
Comment by jx7000on Aug 15, 2022 10:38am

RE:Takeover bid

Or maybe they're setting up HCG for another short attack as happened in 2017?
Comment by wildrunner11on Aug 15, 2022 8:48am

RE:Takeover bid

We just needed a trigger to get stock price up again. Current book value I found is $38.73, so plenty of up side.  Cash offer, is this a venture capital fund looking to take private and gain ...more  
Post by HermannHalleron Aug 15, 2022 8:13am

Takeover bid

The price offered was over $28.60, and the board didn't feel it was close enough to fair value to put to a shareholder vote. So why would anyone tender to this SIB? Maybe the buyer comes back ...more  
Post by canaderon Aug 12, 2022 10:02am

Short update (07/31) HCG

Me thinks someones didn't see that SIB coming,.... SWEET! HCG:(  2,216,617, 07/31, Change, 289548) HCG:(  1,926,617, 07/15, Change, 63985) HCG:(  1,862,632, 06/30, Change ...more  
Post by canaderon Aug 11, 2022 11:06am

HCG, nice run on the NCIB,..

I havn't double checked the numbers,  but pretty close I figure,.. As of July 29th, boought 3,516,020 shares at an average price of $29.05. SWEET!!! The NCIB had 217,556 shares to go at the ...more  
Comment by wildrunner11on Aug 04, 2022 2:36pm

RE:RE:RE:RE:RE:Short update (07/15) HCG, HMCBF

  that is good information it was strange the price was already announced. In some of the previous SIBs they only announced a few days later. 
Comment by HermannHalleron Aug 04, 2022 2:14pm

RE:RE:RE:RE:Short update (07/15) HCG, HMCBF

They said on the conference call that they could raise the price of the SIB if the stock price moves up.
Comment by caretired1on Aug 04, 2022 12:27pm

RE:RE:RE:RE:Short update (07/15) HCG, HMCBF

Unfortunately financials are out of favour and hcg doesn't pay enough to wait. Better options out there so this will languish
Comment by canaderon Aug 04, 2022 11:07am

RE:RE:RE:Short update (07/15) HCG, HMCBF

It was f'ing good timing by HCG. I am not interested in selling to the SIB at these prices either. Will be interesting to see how this plays out. I figure after the SIB and Sept/Oct run it's ...more  
Comment by wildrunner11on Aug 04, 2022 10:49am

RE:RE:Short update (07/15) HCG, HMCBF

Trying to make sense of the SIB. Q2 BV is now 38.72. Best SIB price is 28.60.  I've sold in previous SIB's but don't see the value in this one. I can see a possibility of this SIB ...more  
Comment by canaderon Aug 04, 2022 10:22am

RE:Short update (07/15) HCG, HMCBF

Sweet, With the SIB gonna buy up all of those and more. Even more interesting,... SIB upto 4,563,492 shares Nice