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.

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Home Capital Group Inc > Final Results of Substantial Issuer Bid

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Comment by canaderon Dec 30, 2021 8:26am

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Post# 34270138

RE:RE:RE:RE:Final Results of Substantial Issuer Bid

Q3 2021 (before SIB)
old BV = 36.4
old eps = 1.10

Q3 2021 (after SIB)
new BV = 35.27
new eps = 1.27

1.27 * 40 = 50.8 (should/will trade around +/- market BS)

GLTA cept Dhorties of course

canader wrote: Double check, or post your math,

I figured this out a few weeks ago abd didnt get this high,

it is not just bv*1.16.

More like:
BV = 50.39m * 36.4
new BV = BV - 300m
new bv/share = new BV / 43.5m

give that a try and see what u get ;)

Regards

organeer wrote: Based on my napkin calculations, After the SIB, book value per share should go up by 16% given the number of shares bought and absorbed. Using the September 2021 book value per share hcg (36.4), i find that the new book value should be around 42.xx now. Feel free to correct my math