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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

16.89CAD
14 Dec 2018
Change (% chg)

$-0.16 (-0.94%)
Prev Close
$17.05
Open
$16.96
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$17.07
Day's Low
$16.73
Volume
287,037
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294,912
52-wk High
$18.63
52-wk Low
$12.48

Latest Key Developments (Source: Significant Developments)

Home Capital Group To Offer To Repurchase Up To C$300 Mln Shares From Shareholders For Cash
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES COMMENCEMENT AND TERMS OF SUBSTANTIAL ISSUER BID.HOME CAPITAL GROUP INC - TO OFFER TO REPURCHASE FOR CANCELLATION UP TO C$300 MILLION SHARES FROM SHAREHOLDERS FOR CASH.HOME CAPITAL GROUP INC - OFFER IS BEING MADE BY WAY OF A "MODIFIED DUTCH AUCTION".HOME CAPITAL GROUP INC - OFFER PRICES RANGE FROM C$16.50 TO C$18.50 PER SHARE.HOME CAPITAL GROUP INC - OFFER WILL BE FOR ABOUT 22.66% OF HOME CAPITAL'S 80,246,349 TOTAL ISSUED AND OUTSTANDING SHARES.HOME CAPITAL GROUP INC - HAS NOT BEEN ADVISED AS TO WHETHER BERKSHIRE HATHAWAY INTENDS TO DEPOSIT ANY OF THEIR SHARES PURSUANT TO OFFER.HOME CAPITAL GROUP INC - TURTLE CREEK ASSET MANAGEMENT ADVISED THEY HAVE NOT YET MADE A DETERMINATION WITH RESPECT TO OFFER.HOME CAPITAL GROUP INC - OFFER WILL EXPIRE AT 5:00 P.M. EASTERN TIME ON DECEMBER 18, 2018, UNLESS EXTENDED OR WITHDRAWN.HOME CAPITAL GROUP INC - DIRECTORS AND OFFICERS ADVISED THEY WILL NOT TENDER ANY OF THEIR SHARES PURSUANT TO OFFER.  Full Article

Home Capital Closes $500 Mln Committed Standby Secured Funding Facility With Bank Of Montreal And Royal Bank Of Canada
Saturday, 30 Jun 2018 

June 29 (Reuters) - Home Capital Group Inc ::HOME CAPITAL CLOSES $500 MILLION COMMITTED STANDBY SECURED FUNDING FACILITY WITH BANK OF MONTREAL AND ROYAL BANK OF CANADA.HOME CAPITAL GROUP INC - LATEST CREDIT FACILITY REPLACES A $2 BILLION CREDIT FACILITY PROVIDED BY A UNIT OF BERKSHIRE HATHAWAY INC.HOME CAPITAL GROUP INC - DOES NOT INTEND TO DRAW ON LATEST CREDIT FACILITY IN ORDINARY COURSE OF BUSINESS.HOME CAPITAL SAYS CURRENT LIQUIDITY PROFILE PROVIDES "SUFFICIENT LIQUIDITY AND FUNDING FOR ITS BUSINESS ACTIVITIES".  Full Article

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