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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
Comment by WBuffett1on Aug 07, 2019 6:29pm
75 Views
Post# 30004285

RE:Conference call

RE:Conference callMakes sense....they will probably need to do another SIB since they have over 300 million of excess capital

pennydredful wrote:
The   company   made   it  clear    that    their    preference    is    to   buy  back   shares  over  paying    any  dividend    as   long    as     the  shares    are    trading  below    book  value.  To  complete    the    remaining    NCIB     of   about   1200000  shares  by    year    end    they   need  to  buy    about    12000   shares     per day. 


Bullboard Posts