RE:RE:RE:RE:RE:RE:RE:First quarter 2019 financials reportHCG mgmt did guide the cost of IT upgrades in the 2018 annual earnings call tho. so no surprise there for me at least.
BV is now $27 and climbing every quarter with NCIB and net income. If you are a long term investor, this is a great opportunity to add more at 0.65x P/B
canader wrote: The cost of moderization effected earnings more than I expected. I wonder how long the moderization cost is going to dampen earnings?
But it kept the EPS down. and the market seems to be pricing the shares at about 40*EPS.
That will let the shares shares float upto about $20. While they do the buybacks that is a good thing for shareholders.
It will be nice when the dividend comes back, I am just not holding my breath for it.
WBuffett1 wrote: I have to say I was expecting a modest dividend because they really have a lot of excess capital. Their CET1 is back at 19% now and will continue to go up.
But i do understand why they dont want to pay dividend just yet. Share price is still 35% discount from book value. They should apply for another buyback but through open market purchase.
Short sellers on Twitter are on full scale attack again...now they are trying to induce fear on the HVAC loan provision LOL. The HVAC loan portfolio is less than 1% of their total loan book.
canader wrote: Hmmmm, Really? The Dividend will be nice when it happens. but I am here for long term share price.
For dividend, or equivalent I have HCG savings account, and GICs.
GLTA (cept the dhorties of course)
Stooge wrote: Bought this for a reinstated dividend but that has to be paid out of earning. So, it will be a while before we see dividends.
They say they are investing in modernizing technology, something I can relate to. Last month I had my HC Visa blocked because i missed a $10.14 payment. No notification was given. Yes, let's upgrade the customer interface.