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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 > why down today?
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Comment by HermannHalleron Sep 12, 2022 7:27pm
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Post# 34958114

RE:RE:RE:RE:why down today?

RE:RE:RE:RE:why down today?I understand your point, but if the company then just announces a new SIB with a higher price range, the shorts still get hit. Their strategy of 'not having any shares bought back' seems a very short term reprieve. 

We'll likely get a press release Wednesday morning. My guess is maybe $20-30 million worth of shares are bought at $28.60, and the company will have to say something about the remainder of the $115 million SIB plan. I don't know if there are any regulations about timing, whether they can just announce a new SIB or maybe have to wait some period of time.
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