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Bullboard - Stock Discussion Forum ECN Capital Corp ECNNF


Primary Symbol: T.ECN Alternate Symbol(s):  ECNCF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans... see more

TSX:ECN - Post Discussion

ECN Capital Corp > guidance
View:
Post by Possibleidiot01 on Nov 07, 2024 5:38pm

guidance

"We are providing 2025 guidance of $0.19 to $0.25" which at the low end gives a P/E of under 7.

Originations up $3.2 million Q to Q , essentiallty  flat.

Managed assets up 25%+ Q to Q
operating expenses up $3.8 million - up roughly 15% - maybe this a ramp up thing?

Interest rate cycle favourable , maybe we see a further increase from here in stock price?

GLTA.

 


Comment by snootchybootchy on Nov 07, 2024 6:03pm
I think so.  ECN will also have really good YoY comparables for Q4 as well.  Plus interest rates have dropped 75-bps over the last two months, which is not captured in these financials. Stock looking really bullish from here.
Comment by Blueswin on Nov 08, 2024 11:04am
What a fantastic move in price today. I wonder if the 4Q might be a little down (estimate .05) because of all the storms around Florida, so they went right too next years projections. It sure seems like things are headed in the right direction. One of the Analysts seemed a little skeptical about next years numbers after missing on Q projections. Hudson reminded him that they have been right on in ...more  
Comment by Defiance2050 on Nov 09, 2024 4:52pm
Good point about interest rates dropping, will be some time for both rates and for the JV to show its true scale.  Looks like impact of the mispriced products has stopped and hopefully there isn't a rush to increase originations by offering significantly discounted rates.
Comment by Possibleidiot01 on Nov 07, 2024 6:59pm
Had to redo my math , no idea how i got 7X, it's 12.47 at the low end of range . At the end , 9.48 times. My bad.
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