reports
- Sid Rajeev
Strengthened Portfolio and Dividend Resilience
Builders Capital Mortgage Corp. (TSXV: BCF) saw a 31% increase in mortgage receivables to $43M in 2024, driven by Q4 bond financing. Revenue rose 11% YoY, though EPS held at $1.04 due to higher loan loss provisions. The MIC reduced risk with more first mortgages and fewer impaired loans (4.7%). Despite tariff threats, BCF’s 9.36% dividend yield and resilient portfolio position it well. Lower BoC rates may boost volumes, but a cautious stance persists due to economic uncertainties.
- Sid Rajeev
Lower Rates Drive Growth Prospects / Posts Record Q2 Revenue
Builders Capital Mortgage Corp. (TSXV: BCF) achieved record Q2-2024 revenue, growing 3% year-over-year despite lower-than-expected mortgage advancements. However, earnings per share remained flat due to increased loan loss provisions. The company maintained its annual dividend of $0.80/share, yielding 8.9%. Notably, impaired mortgages decreased, improving the portfolio’s risk profile, while management increased loan loss allowances for conservatism. BCF is pursuing a $50M bond financing to suppo...
- Sid Rajeev
Builders Capital Mortgage Reports Record Revenue in Q1-2024, Pursues $...
Builders Capital Mortgage Corp. (BCF) reported record revenue in Q1-2024, driven by higher lending rates. However, earnings per share (EPS) decreased slightly due to increased loan loss provisions. The company maintained its annual dividend at $0.80 per share, for a yield of 9.4%. BCF's portfolio risk profile appears to be lower due to a higher concentration of first mortgages and lower loan-to-value ratios (LTV). The company is seeking $50 million in bond financing to support its mortgage lend...
- Sid Rajeev
- Sid Rajeev
Home Capital Group Inc: 15 directors
Fifteen Directors at Home Capital Group Inc sold 116,962 shares at 44.280CAD. The significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Sid Rajeev
- Sid Rajeev
- Maria Khoury
- Michael Driscoll
Home Capital Group Inc.: Rating Report
On March 24, 2023, DBRS Limited (DBRS Morningstar) confirmed the Long-Term Issuer Rating and Long-Term Senior Debt rating of Home Capital Group Inc. (HCG or the Group) at BBB (low) and the Group’s Short-Term Issuer Rating and Short-Term Instruments rating at R-2 (middle). DBRS Morningstar also confirmed the Long-Term Issuer Rating and Long-Term Deposits rating of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), at BBB and the Trust Company’s Short-Term Issuer Rating an...
- Sid Rajeev
- Maria Khoury
- Michael Driscoll
- Maria Khoury
- Michael Driscoll
- Sid Rajeev
- Maria Khoury
- Michael Driscoll
- Maria Khoury
- Michael Driscoll
Home Capital Group Reports Lower Q3 2022 Earnings Due to Impairment Ch...
Home Capital Group Inc. (the Group) reported Q3 2022 net income of $31 million, a 25% decline quarter over quarter, primarily owing to impairment charges and other expenses relating to the Group's Ignite Program, which is a multi-year transformation of its core operations systems.
- Sid Rajeev
AZS AZURE MINERALS
AUMN GOLDEN MINERALS CO.
BCF BUILDERS CAPITAL MORTGAGE CORP
CORA CORA GOLD
GRDM GRID METALS
LMS LATIN METALS INC.
KNC K9 GOLD
BNXA BANXA HOLDINGS INC
MQR MONARCH MINING CORPORATION
GRSL GR SILVER MINING LTD.
CRI CHURCHILL RESOURCES INC.
SIC SOKOMAN MINERALS CORP
GDBY GOODBODY HEALTH INC.
NPK VERDE AGRITECH LTD
- Sid Rajeev
- Maria Khoury
- Michael Driscoll
- Maria Khoury
- Michael Driscoll
Home Capital Group Reports Lower Q2 2022 Earnings Due to Margin Compr...
Home Capital Group Inc. (the Group) reported Q2 2022 net income of $41.3 million, an 8% decline quarter over quarter (QOQ), primarily owing to lower net interest income and an increase in provisions for credit losses, while being partially offset by lower operating expenses. Net interest margin for the Group continues its downward trend, decreasing by 21 basis points (bps) QOQ to 1.97%, driven by continued interest rate hikes by the Bank of Canada. The Group saw an improvement of 140 bps in the ...
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