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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

Home Capital Group Inc > SIB 2
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Comment by canaderon Jan 08, 2022 5:18pm
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Post# 34296701

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SIB 2

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SIB 2

Things are not always as they appear,...

I figured it was gonna be oversubscribed (over 100% gain in a 1.5years ) and I was greedy so I put way more shares up than I wanted to sell. Like 3:1 or there abouts.

I also figured there was gonna be a post SIB dip. Just didn't know how much.
( Thanks short sellers )


SO, I sold more than I wanted at $43.50. And now I am slowly DCA buying back up to my desired portfolio allocation.

Thanks to the short sellers, I am able to buy those shares at a discount. Hope to get my portfolios in balance before the NCIB kicks in.

GLTA cept the Dhorties of course

caretired1 wrote: The Sib at 43 was oversubscribed by 2:1 so the company would be confident of filling again at 10% above mkt given 43 was market when they announced it. A very efficient way for them to take out another 5 mllion shares for the benefit of those that stay and big sellers who take money off the table

 

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