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, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.

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Home Capital Group Inc > Short update (07/15) HCG, HMCBF

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Comment by HermannHalleron Aug 04, 2022 2:14pm

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Post# 34871712

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.

canader wrote:
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 course, I will be slipping into 2nd gear buy mode.

GLTA, cept the Dhorties of course.

(I see the stock price doubleing over next few years. I just can't prdict the speedbumps or the timing.)

wildrunner11 wrote:
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 not being fully subscribed. Is this a way to do a short squeeze by HCG? With interest rates going up the shorts do not have the free (almost free) money to borrow and sell shares.