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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

13.72CAD
18 Apr 2018
Change (% chg)

$0.16 (+1.18%)
Prev Close
$13.56
Open
$13.64
Day's High
$13.84
Day's Low
$13.32
Volume
341,890
Avg. Vol
318,614
52-wk High
$22.73
52-wk Low
$5.06

Latest Key Developments (Source: Significant Developments)

Home Capital Says Received Statement Of Claim By Marc Cohodes
Wednesday, 17 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
Monday, 18 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 exits non-core businesses including sale of payment services interactive gateway
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Home Capital Group Inc ::Home Capital exits non-core businesses including the sale of payment services interactive gateway.Expects approximately $20 million in annual salary and other operating cost savings​.‍Resulting impact to net income on a full year basis is insignificant from sale of assets​.Company expects reduction in fee and other income of approximately $18 million from sale of businesses​.Agreed to enter into a transition services agreement and will continue to provide services for certain clients for up to a year​.‍Does not expect any significant costs to complete sale transaction ​.  Full Article

Home Capital substantially completes Project Expo, cuts workforce
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Home Capital Group Inc ::Home Capital substantially completes Project Expo; expects to achieve $15 million in future annual cost savings.It has substantially completed Project Expo, an expense savings initiative announced in february 2017​.Expects to achieve approximately $15 million in future annual cost savings as previously targeted​.Approximately 65 full-time positions in company's operational, sales and underwriting division were impacted​.Taking into account changes made, head count measured from end of Q2 2017 has been reduced by approximately 10%​.Does not expect to record any further significant expenses with respect to Project Expo other than those recorded up to end of Q2.Still faces "elevated expense levels related to liquidity event" that occurred earlier this year​.  Full Article

Home Capital provides update on agreement to settle class action matters
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Home Capital Group Inc ::Home capital provides update on agreement to settle class action matters.Ontario superior court of Justice to issue order approving announced settlement of Feb class action regarding disclosure in 2014, 2015​.  Full Article

CANADA STOCKS-TSX creeps up after Trump signals possible tariff exemption

TORONTO, March 5 Canada's main stock index turned slightly positive on Monday after U.S. President Donald Trump appeared to suggest that Canada and Mexico could win exemptions to his planned sweeping tariffs on aluminum and steel imports if the two countries sign a new NAFTA trade deal.