HCG.to - Home Capital Group

[gurjot]

have been accmulating home capital from last few years slowly.  have done well on it.  wanted to know if anyone else following this compnay?

PE  8.4

ROE LAST QUARTER 16% WITH GROWING BUSINESS AND EARNINGS

BV $35/ SHARE

CET RATIO 23%  WITH AVERAGE FOR CANADIAN BANKS AROUND 13 MEANING THEY HAVE LOTS OF ACCESS CAPITAL TO BUY BACK SHARES  OR START DIVIDEND WHEN OSFI ALLOWS IT.

https://www.homecapital.com/news/press-release-details/2021/Home-Capital-to-Present-at-the-Scotiabank-Financials-Summit-2021/default.aspx

 

great interview at scotia bank financial summit.

 

thanks

 

 

[Peregrine]

Looks like this company got bought for a song. Stephen Smith paying book value for a company that generates mid-teens ROE. Opportunistic of him to buy during a bear market last year.