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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

Comment by wildrunner11on Nov 11, 2021 5:01pm
94 Views
Post# 34117014

RE:RE:Drumroll……….

RE:RE:Drumroll……….I'd love to see a SIB with a buy back of 250m to 300m, @ $50/share there goes 5m to 6m shares, then a special dividend of at least $1 (prefer $2 we longs deserve a bonus) a share and quarterly dividend reinstatement of $0.25 to $0.30 per share (which at most is only 25% of quarterly earning).

Based on reports I've read HCG has 550m+ in excess cash, this would only cost 300m to 400m (I excluded regular dividend), So, HCG would still have at least 150m in excess cash as a buffer and in 6 months to a year then decide the best way to distribute.
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