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Home Capital Group Inc HMCBF


Primary Symbol: 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.


TSX:HCG - Post by User

Home Capital Group Inc
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Comment by Johnnysbackon Apr 26, 2017 8:24am
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Post# 26166991

RE:HCG is finished

RE:HCG is finished
MrSilbergleit wrote:
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Thanks for playing!


Home Trust would be required to pay a non-refundable commitment fee of $100 million and make an initial draw of $1 billion. The interest rate on outstanding balances would be 10 per cent, and the standby fee on undrawn funds would be 2.5 per cent. The facility would mature in 364 days.....

So they are going to be paying $1.50 per share in up front fee, and $1.50/share per year in interest. So they are going to make $0 over the next year, and paying massive interest rate and payments out of earnings. Say goodbye to the dividend for years to come if they can survive at all.... Doesnt look good. Shares will be $3 to $5 range within a year. Perfect shorting opp..... 
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