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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.


TSX:HCG - Post by User

Comment by HermannHalleron Sep 12, 2022 3:34pm
120 Views
Post# 34957547

RE:RE:why down today?

RE:RE:why down today?It seems likley the shorts are playing some game here with the timing of the SIB. Perhaps as you say they wanted the share price to stay up, so the SIB would fail, and now today they are shorting again. But I can't really understand how that helps them. Ultimately, the company is over-capitalized and wants to return $115 million to shareholders. So maybe another SIB, or new NCIB, or special dividend. Whatever method the company chooses it will push the share price up, and hurt short positions.
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