RE:NCIB is now 88% complete, SIB on the way? HCG to purchase upto 4,753,517
Jul 2019 786900 shares @$24.80
HCG repurchased as of (2019/08/31)
4.27Mil @19.29
Remaining NCIB: 478732
SIB: 18,181,818 shares $16.50 (2018)
NCIB: 4,274,785 shares $19.29 (2019)
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22,456,603 shares $17.03 WBuffett1 wrote: As of end of Aug, Home Capital purchased and cancelled 4.17 million shares
At current pace, they should be done by September, just in time for another SIB at the end of year!
Valuation gap with EQB will start to close. EQB is now trading at 1.3x of book value and HCG at 0.88x, almost 50% upside from here