Edition:
India

Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

13.90CAD
23 May 2018
Change (% chg)

$0.07 (+0.51%)
Prev Close
$13.83
Open
$13.81
Day's High
$13.96
Day's Low
$13.81
Volume
104,021
Avg. Vol
297,293
52-wk High
$20.75
52-wk Low
$8.75

Latest Key Developments (Source: Significant Developments)

Home Capital Gets Commitments For $500 Mln Standby Secured Funding Facility
Wednesday, 16 May 2018 

May 16 (Reuters) - Home Capital Group Inc ::HOME CAPITAL RECEIVES COMMITMENTS FOR A $500 MILLION STANDBY SECURED FUNDING FACILITY.SAYS CREDIT FACILITY WILL REPLACE A $2 BILLION CREDIT FACILITY PROVIDED BY A WHOLLY OWNED SUBSIDIARY OF BERKSHIRE HATHAWAY INC.SAYS DOES NOT INTEND TO DRAW ON CREDIT FACILITY IN ORDINARY COURSE OF BUSINESS.SAYS NEW CREDIT FACILITY IS EXPECTED TO CLOSE IMMEDIATELY AFTER MATURITY OF EXISTING CREDIT FACILITY.SAYS OBTAINED LETTER OF COMMITMENT FOR A 2-YEAR, $500 MILLION STANDBY SECURED FUNDING FACILITY FROM TWO CANADIAN SCHEDULE 1 BANKS.SAYS ANY DRAWS ON CREDIT FACILITY WILL BE SECURED AGAINST A PORTFOLIO OF MORTGAGES ORIGINATED BY HOME TRUST COMPANY.SAYS UNIT OBTAINED A LETTER OF COMMITMENT FROM TWO CANADIAN SCHEDULE 1 BANKS.  Full Article

Home Capital Receives Commitments For A $500 Million Standby Secured Funding Facility
Wednesday, 16 May 2018 

May 16 (Reuters) - Home Capital Group Inc ::HOME CAPITAL RECEIVES COMMITMENTS FOR A $500 MILLION STANDBY SECURED FUNDING FACILITY.HOME CAPITAL GROUP INC - CREDIT FACILITY WILL REPLACE A $2 BILLION CREDIT FACILITY PROVIDED BY A WHOLLY OWNED SUBSIDIARY OF BERKSHIRE HATHAWAY INC.HOME CAPITAL GROUP INC - DOES NOT INTEND TO DRAW ON CREDIT FACILITY IN ORDINARY COURSE OF BUSINESS.HOME CAPITAL GROUP INC - NEW CREDIT FACILITY IS EXPECTED TO CLOSE IMMEDIATELY AFTER MATURITY OF EXISTING CREDIT FACILITY.HOME CAPITAL GROUP - OBTAINED LETTER OF COMMITMENT FOR A 2-YEAR, $500 MILLION STANDBY SECURED FUNDING FACILITY FROM TWO CANADIAN SCHEDULE 1 BANKS.HOME CAPITAL GROUP INC - ANY DRAWS ON CREDIT FACILITY WILL BE SECURED AGAINST A PORTFOLIO OF MORTGAGES ORIGINATED BY HOME TRUST COMPANY.  Full Article

Home Capital Q1 Earnings Per Share C$0.43
Wednesday, 9 May 2018 

May 8 (Reuters) - Home Capital Group Inc ::HOME CAPITAL REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE C$0.43.Q1 EARNINGS PER SHARE VIEW C$0.40 -- THOMSON REUTERS I/B/E/S.OVERALL NON-INTEREST EXPENSES FOR 2018 ARE EXPECTED TO DECLINE FROM ELEVATED LEVELS OF 2017.QTRLY SINGLE-FAMILY RESIDENTIAL MORTGAGE ORIGINATIONS OF $869.7 MILLION COMPARED WITH $1.71 BILLION IN Q1 2017.HOME TRUST'S COMMON EQUITY TIER 1 AND TOTAL CAPITAL RATIOS WERE 23.64% AND 24.12%, RESPECTIVELY, AT MARCH 31, 2018.HOME TRUST'S LEVERAGE RATIO WAS 9.02% AT MARCH 31, 2018, 8.70% AT DECEMBER 31, 2017 AND 7.29% AT MARCH 31, 2017.QTRLY NET INTEREST INCOME $88.1 MILLION VERSUS $125.9 MILLION.QTRLY TOTAL REVENUE $103.765 MILLION VERSUS $147.742 MILLION.Q1 2018 TOTAL LOANS UNDER ADMINISTRATION OF $22.54 BILLION VERSUS $27.17 BILLION IN Q1 2017.  Full Article

Home Capital Says Received Statement Of Claim By Marc Cohodes
Thursday, 18 Jan 2018 

Jan 17 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP COMMENTS ON STATEMENT OF CLAIM.HOME CAPITAL GROUP INC - CLAIM IS BASED ON ALLEGATIONS OF MISREPRESENTATIONS AND OPPRESSIVE CONDUCT AND SEEKS $4 MILLION IN DAMAGES.HOME CAPITAL - ‍RECEIVED STATEMENT OF CLAIM ISSUED BY MARC COHODES, WHO OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION IN 2017 WITH CO.  Full Article

Home Capital Comments On Second Statement Of Claim
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL COMMENTS ON SECOND STATEMENT OF CLAIM.RECEIVED STATEMENT OF CLAIM ISSUED BY ROLAND KEIPER, BRIAN CHAPMAN, WHO OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION​.‍CLAIM BASED ON ALLEGATIONS OF COMMON LAW AND "STATUTORY MISREPRESENTATION AND OPPRESSIVE CONDUCT", SEEKS $2 MILLION IN DAMAGES​.  Full Article

Home Capital Says Victor Dirisio Appointed New Chief Information Officer
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Home Capital Group Inc ::HOME CAPITAL ANNOUNCES NEW CHIEF INFORMATION OFFICER AND OTHER EXECUTIVE LEADERSHIP APPOINTMENTS.HOME CAPITAL GROUP INC - VICTOR DIRISIO WILL BE JOINING COMPANY AS NEW CHIEF INFORMATION OFFICER.HOME CAPITAL GROUP INC - MIKE FORSHEE WILL JOIN COMPANY AS SENIOR VICE PRESIDENT, UNDERWRITING, EFFECTIVE JANUARY 1, 2018.  Full Article

‍West Face Confirms Draft Statement of Claim was Provided to Home Capital​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - West Face Capital ::‍WEST FACE CAPITAL SAYS REVIEWED PRESS RELEASE ISSUED BY HOME CAPITAL AND CONFIRMS A DRAFT STATEMENT OF CLAIM WAS PROVIDED TO HOME CAPITAL​.‍WEST FACE CAPITAL SAYS IT ELECTED TO OPT OUT OF SETTLEMENT OF SECURITIES CLASS ACTION THIS PAST SUMMER AND RAISED ITS CLAIM WITH HOME CAPITAL DIRECTLY​.  Full Article

Home Capital Says Received Draft Statement Of Claim Prepared On Behalf Of West Face
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Home Capital Group Inc ::HOME CAPITAL - HAS RECEIVED DRAFT STATEMENT OF CLAIM PREPARED ON BEHALF OF WEST FACE.HOME CAPITAL GROUP - ‍WEST FACE LONG TERM OPPORTUNITIES GLOBAL MASTER LP OPTED OUT OF GLOBAL SETTLEMENT OF SECURITIES CLASS ACTION EARLIER THIS YEAR.HOME CAPITAL GROUP INC - ‍AMOUNT CLAIMED AS DAMAGES IN THE DRAFT STATEMENT OF CLAIM​ WOULD BE $70 MILLION.  Full Article

Home Capital Group Q3 ‍shr $ 0.37​
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Home Capital Group Inc :Home Capital reports third quarter 2017 results.Qtrly ‍shr $ 0.37​.Home Capital Group Inc-qtrly ‍total loans under administration were $23.2 billion compared to $26.0 billion as a result of sale of loans and lower originations​.‍During Q3, company's expenses were in line with management expectations​.Home Capital Group - ‍now estimates that balance of non-securitized single-family residential mortgages will be about $10 billion at end of 2017.Home Capital Group-‍moving forward into q4 and h1 2018, expects to experience some continued elevated costs associated with liquidity event.Qtrly ‍net interest income​ $88.8 million versus $119.9 million last year.  Full Article

Home Capital Group files final universal base shelf prospectus
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Home Capital Group Inc ::Home Capital Group files final universal base shelf prospectus.Prospectus qualifies offerings of up to $750 million of securities over a 25-month period​.Prospectus was filed to satisfy Co's obligations under registration rights agreement entered into with unit of Berkshire Hathaway​.Universal base shelf prospectus not commitment to undertake any financing, nor does it intends to offer securities from treasury under prospectus.  Full Article

Home Capital gets new funding to replace Berkshire credit line

May 16 Canadian mortgage lender Home Capital Group Inc said on Wednesday its unit received a two-year C$500 million funding commitment that would replace a C$2 billion credit facility offered by Warren Buffett's Berkshire Hathaway Inc.