Urbanimmersive V.UI

@ the Bell: TSX keeps streak alive on budget day

[Jon Brown]

Canada’s main stock index closed higher on Tuesday thanks to gains in crude oil prices, traders hoped that the worst was over. read article.

[kaykay22222]

Amortization is non-cash payment and poor Bs. They have positive working capital $1.2m. The debt will be rolled over with discount in interest compared to CCC bonds, etc.

[Jon Brown]

Futures for Canada’s main stock index rose on Monday, helped by gains in bank and energy stocks on the back of optimism among global markets. read article.

[Torontojay]

Homes under construction has surpassed housing starts over the last 10 months (since May 2022). There are currently 1691 units under construction in the US which is higher than the peak of 1,626

[Torontojay]

They actually are losing money even if you remove the non recurring expenses. The company has to pay for:  1) tangibles/intangibles.  2) lease payments  Negatives for the

[kaykay22222]

Also bond rates are going down, and 30y Mortgage rates made a double top, because they follow the 10y + small risk premium. When Mortgage rates are between 4.5-5% we will have much more home sellers.

[kaykay22222]

Of course the risks are real. But it's not as grim as you suggest.

[Torontojay]

The company has to execute. Hopefully, they can weather the storm and survive which I believe is going to be a tumultuous year. The turnaround can begin in 2024 when the storm will likely be in the

[Torontojay]

when the Fed pivots. Be careful what you wish for.  My estimate is that a recession begins when the following occurs:  1) Fed funds pivots  2) debt ceiling gets raised 

[Jon Brown]

Gold held steady as the usual investment haven and that played right into the hands of miners ready with fresh news. read article.

[kaykay22222]

Also wages of $1.5m per quarter, hosting fees, Homevisit headquarter rent, ... will come down gradually due to synergies. $800k direct fees will come down when they transition editoring business from

[kaykay22222]

Ever heard of seasonality of the housing market? Oct-Dec is worst quarter. So they broke even during the worst quarter. $80-100k more interests  per quarter won't hurt their business

[Torontojay]

There are a few points worth mentioning.  1) Variable rates are higher at the end of Q1 versus fiscal year end. 2) In addition to variable rates being higher, the first quarter does not

[kaykay22222]

Yes, we made a net loss of $1.1m. But when you look closer $500k was non-recurring M&A and Setup costs and $600k non-cash relevant costs (shares, amortization, ...) So we pretty much broke even on

[Torontojay]

Are you serious? Prices are down in both Canada and the US but where are the new listings? Your argument is weak. Nobody wants to list their home and trade a 3% mortgage for a 6.5% mortgage. 

[Matt123456]

Hello Torontojay, please...can't you understand that UI is benefiting when real estate prices are down? Its main business is new listings. So if prices are down, then it's a sellers market

[kaykay22222]

We need fresh supply, currently people aren't moving out, because of the lock-in on low rates and uncertainty of the job market. If there's a "bank run" on mortgages, forclosures

[Torontojay]

Are the large institutional real estate companies that face the risk of a similar Silicon Valley bank crisis where investors withdraw their money in droves. There has never been a time in history