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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.


TSX:HCG - Post by User

Bullboard Posts
Post by davidaudon May 11, 2019 1:01am
113 Views
Post# 29737151

400 shares will buy you a lot

400 shares will buy you a lotAcquisition of 400 shares on May 8th puts Kingsferry Capital Management direct and indirect holdings of HCG of 10% to date and entitlement to classification as an 'insider' and perhaps Mr.Huang's or his representative's  appointment to the Board of Directors of HCG with all it's benefits and obligations.

This was bargain purchase was made possible by the two year share repurchase program of 20,000,000 shares for cancellation to date of HCG by HCG.

Welcome aboard Mr. Huang.

Was this foreseen by HCG?
Bullboard Posts