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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Bullboard Posts
Post by Bibizbuzon Aug 07, 2019 7:03pm
98 Views
Post# 30004387

2nd Qtr Results are out

2nd Qtr Results are out
Net Income .37 Vs .47 last year, but according to TD, street was expecting .33 so better by .04.
YTD .97 vs .92 so good so far.
Dividend remains intact
Return  on average shareholder equity 14.79% in 2019 vs 14.32% in 2018

I don't see any major issues on rest of the release but as usual, value input from roguebroker, bubba9, ArbProfit and all the other long term shareholders...cheers
Bullboard Posts