Real Matters Inc T.REAL

Alternate Symbol(s): RLLMF

Real Matters Inc. is a Canada-based technology company. The Company provides network management services platform for the mortgage and insurance industries. It provides residential real estate appraisal and title services to mortgage lenders in the United States of America and residential real estate appraisal and insurance inspection services in Canada. Its segments include U.S. appraisal, U.S. title, and Canada. The U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, home equity and default transactions through its Solidifi brand. The U.S. Title segment serves the title market by providing various title services for refinance, purchase, home equity, short sale and real estate owned transactions to financial institutions through its Solidifi brand. The Canadian segment’s primary service offerings include residential mortgage appraisals for purchase, refinance and home equity transactions provided through its Solidifi brand.

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Real Matters Inc

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Post by retiredcfon May 26, 2020 6:06am

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SmallCapPower Article

The Canadian stocks on our list have bounced back most from the COVID-19 selloff in March

SmallCapPower | May 25, 2020: The TSX Composite index has gained more than 32% since hitting its 2020 low following the COVID-19 selloff, but a few stocks have performed much better. Today we have identified three Canadian stocks, with market caps greater than C$1 billion, which have bounced back most from the March 2020 selling.

*Returns are based on closing stock prices as of May 22, 2020

Lightspeed POS Inc. (TSX:LSPD) – $33.01
Lightspeed POS provides point-of-sale (POS) technology that allows small and medium-sized businesses to process transactions and also offers analytics and inventory management services to help people manage their business better. Headquartered in Montral, the Company provides all-in-one solutions that help restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments, and grow their business. On May 21, 2020, LSPD stock surged 38% after Lightspeed reported fourth-quarter 2020 revenue of US$36.3 million, a 70% year-over-year increase, along with a 70% rise in recurring software and payments revenue.

Gain From 2020 Low: 214%
Crescent Point Energy Corp. (TSX:CPG) – $1.98
Crescent Point Energy is North American oil producer focused on the development of high-return resource plays in Saskatchewan and North Dakota. The Company currently has more than $2.5 billion of cash and unutilized credit capacity and over 50% of its oil production is hedged for 2020 at a weighted average price of more than C$76 per barrel. Crescent Point reduced its net debt by approximately $1.25 billion in 2019 in addition to more than $170 million of annual internal cost efficiencies.
Gain From 2020 Low: 164%

Real Matters Inc. (TSX:REAL) – $24.50
Real Matters offers network management services for mortgage lenders and insurance companies. The Company’s platform integrates its proprietary technology and network management capabilities with its large, independent qualified field professional base to provide an efficient marketplace for mortgage lending and insurance industry services. The Company’s current client base includes about 60 of the Top 100 mortgage lenders in the U.S. and a few of the largest insurance companies in North America. Real Matters also provides residential real estate appraisals for the mortgage market and is an independent provider of title and mortgage closing services in the United States. On May 6, 2020, Real Matters announced that its second-quarter 2020 U.S. Appraisal and U.S. Title revenues hit a record high, with consolidated Adjusted EBITDA for the quarter of US$14.6 million, up from $2.8 million during the same period last year.