Home Capital Group Inc HMCBF

Primary Symbol: 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 > Now the NCIB

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Comment by HermannHalleron Feb 02, 2022 2:57pm

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Post# 34390239

RE:RE:RE:RE:RE:Now the NCIB

Last year they press released the renewal of the NCIB in January, prior to the year end results, so I'm not sure why it's different this year. They already stated in press releases on Dec 22 and Dec 29 that they planned to restart the NCIB in Q1, so unlikely they would change their mind so quick. Unless considering another SIB. With the stock down near $36 it seems a shame they are not out there today buying shares.

CanadianKia wrote:
if they want to get to 60-70 price range i think the plan that they have been using has been good.

Reduce shares as much as possible, then when its under 40M shares (which is nothing), you introduce a dividend. then it will jump into that range when the security is there for investors.

mississauga1 wrote: Ive heard the same on them starting the Divi.

If they do im back in !