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Home Capital Group Inc. (HCG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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22.15+0.64 (+2.98%)
At close: 4:00PM EDT
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  • P
    Pierre
    This stock is going up whatever happens. People will continue to pay mortgages and the business part of the portfolio does not seem too bad
  • A
    AnalystTrader
    This is going to implode. Provisions for credit losses are a joke, when mortgage deferrals end and homes get power of sold upon, Buffet wont be able to keep this solvent.
  • j
    jacob
    They beating earning no questions about it
  • d
    david
    Heading for book value $22
  • y
    yassine
    If you check the trading activity of HCG you will notice many nefarious moves. A good case in point is that on Friday July fifth, 2019
    (this is not a one day thing but a consistent practice) tiny and suspicious odd lot trades were placed at the last seconds of the trading day to mark the closing price in red and
    try to alter shareholders’ high morale and bring it down to entice them to sell in panic. You will notice that broker 036
    (https://www.tsx.com/trading/accessing-our-markets/member-firm-directory?id=36) is behind most of those trades.
    When you read the list of services they offer you find Jitneying second on the list which is defined as fraudulent by investopedia
    (https://www.investopedia.com/terms/j/jitney.asp)
    Marking the close and wash trading are both illegal trading activities and from what I just exposed iiroc should conduct an investigation to get to the bottom of this.
    LAST 25 TRADES
    (MM/DD/YYYY) (EST) PRICE SHARES $CHG EXCH/MKT BUYER SELLER
    07/05/2019 4:00 PM Q 20.07 27 -0.12 TSX 036 053
    07/05/2019 4:00 PM Q 20.07 26 -0.12 TSX 036 053
    07/05/2019 4:00 PM Q 20.07 8 -0.12 TSX 036 002
    07/05/2019 4:00 PM Q 20.07 43 -0.12 TSX 036 080
    07/05/2019 4:00 PM Q 20.07 11 -0.12 TSX 036 085
    07/05/2019 4:00 PM Q 20.07 5 -0.12 TSX 080 036
    07/05/2019 4:00 PM Q 20.07 40 -0.12 TSX 001 036
    07/05/2019 4:00 PM Q 20.07 82 -0.12 TSX 001 036
    07/05/2019 4:00 PM Q 20.07 58 -0.12 TSX 079 036
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 090
    07/05/2019 4:00 PM Q 20.07 400 -0.12 TSX 053 007
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 007
    07/05/2019 4:00 PM Q 20.07 300 -0.12 TSX 053 007
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 007
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 039 039
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 079
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 053
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 079
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 079
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 065
    07/05/2019 4:00 PM Q 20.07 100 -0.12 TSX 053 001
    07/05/2019 4:00 PM Q 20.07 200 -0.12 TSX 053 002
    07/05/2019 4:00 PM Q 20.07 500 -0.12 TSX 053 002
    07/05/2019 4:00 PM Q 20.07 700 -0.12 TSX 053 002
    07/05/2019 4:00 PM Q 20.07 200 -0.12 TSX 053 085
    Unlike short sellers who try to intimidate us by saying we are puppies and paranoid our contributions are based on verifiable and trusted sources.
  • A
    Anonymous
    book value $22
  • d
    david
    Hi Yassine, Thanks for the info , will stay long waiting for dividends and will not be selling just accumulating
  • d
    david
    Guaranteed at some quarter this will resume dividends, which will bring in different types of large buyers.
  •  POLZIN
    Its time to rationalize the stock hcg, i have been a long term holder of both stock and investments and there really isnt a company in Canada like it. The example of warren buffet buying it in 2008 financial crisis simply reiterated the fact most investors dont understand the tier two banks and how they do business. The mortgage portfolio that they carry now as about 13billion or 62% low ratio vs 38% high ratio insured.
    That means the default reserve would be on the low ratio mortgages and the rest are fully insured.
    IN simplier terms the current price is stockholder panic and change of market rotation and fleeing to cash.

    Will it go lower only if the market goes lower, is it a money maker , wait less than 2 years and you will see.
    i do see a correction in realestate as per the reference to affordability . However., only a small percentage
    of defaults occur in Canada vs the USA.

    The american banks in worse shape , much worse and not only due to the reserves for default but the foreign investment and now the biggest c bac jpm are the target of trump the fact they have been bailed out again and paying dividends indicates that the bailout was a flush for the large investors, leaving the company in the hair of his viewfinder to be attacked by trump and the democrats both.
    Hang in there hcg, your not going to go much lower unless we have a realestate collapse in Canada and according to pre 2020 expectation there was a 6% increase expectation in realestate today of course much lower, We are the only north american country welcoming immigration , the future will reflect that in realestate
    again remember they are involved in primarily residential reale-state not commercial , and if you look at the covid relationship, its commercial that will be hit the hardest I predict there are no changes in their financials year over year , however as all banks they will set their default reserves higher , which is a tax free transacton
    which in the short term is a benefit on the bottom line.

    long hcg imho
  • y
    yassine
    United movement : Hold for $100 a share
    Why I strongly believe that this stock can head to $100?
    - If all existing shareholders decide to hold tight and squeeze all the remaining short sellers it can be done as there are around 11M shares shorted between HMCBF and HCG.
    - Short sellers are getting stubborn and in a delusional phase as they keep adding to their positions despite clear signs there won’t be a hard crash in Canadian real estate. They are getting too emotional.
    - shortsqueeze.com says that short sellers will need 4280 days (yes you read it right over four thousand days to cover their short positions which is simply not possible as the tsunami will flush them out way before the ten year mark. No sane brker will wait 10 years to let them close out their positions.
    - At this stage their only hope is a real real estate meltdown and massive deliquency rates but the latest employment and real estate reports are clearly not supporting that armagedon scenario
    -Their second hope is a flood of panic-stricken, wet chicken shareholders willing to sell their valuable shares for very cheap whenever they want to cover.
    My message is clear to all the shareholders : Believe in your case and do not short change yourselves or get shafted by the thousands of US short sellers (90% of shorted shares are on the US exchange).
    Short sellers will try to drown my message under their posts so please keep reposting it and commenting to rase awareness and build our case.
    If all shareholders including Warren Buffet, Solway and other institutions hold on to their shares, as the outlook for HCG keeps improving the $100 per share will soon become a tangible reality because short sellers won’t have 4000 days to cover as shortsqueeze.com claims they need to cover their short positions. I might be conservative on $100 dollars a share it could be $1000 like what happened here :

    https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028
    Volkswagen briefly became the world's biggest company by market value on Tuesday, as short sellers caught betting on a price drop with borrowed stock scrambled to find shares after a buying spree by Porsche .
    Volkswagen briefly became the world's biggest company by market value on Tuesday, as short sellers caught betting on a price drop with borrowed stock scrambled to find shares after a buying spree by Porsche .
    www.reuters.com
  •  POLZIN
    hurray for secondary banks,
    we are seeing a market pull back in banks because of the usa turmoil in the housing market,
    jpm wfs all stopped issuing heloc lines of credit, What that means is the secondary banks will be the catchall,
    when the financials are released i expect no change in profitablitiy , but like all banks they must forward thinking show increase in reserve for default, But the reality is the bank is doing great, infact it is becoming a very large deposit holder with good reserves. Will it go down after financials out, most likely buy on rumor sell on fact, but the facts are its doing better than any of the other banks , long hcg.
    What will be interesting is when they will declare a dividend , it would be prudent for them to do so as their reserves are adequate , their profits good , and when we have a realestate recovery they will be the first to post positve results, the other banks are down 65% on new mortgages ,but they have to go somewhere and tier two is open for business .
  • y
    yassine
    If you have access to the detailed level 2 order book you will see for yourselves how the short sellers do it. I’ve seen multiple orders for 2 shares 7 shares 19 shares especially during the last minute of trading to mark the close. They place their orders on multiple exchanges (TSX, Alpha, Chi-X, CX2, Pure, Omega, TriAct, Lynx, Aequitas NEO) to blur their tracks and make it harder for real buyers to neutralize their wash trades. Think a million times before goving away your valuable shares to short sellers who MUST cover around 14 million shares sooner or later.
  • A
    Adam
    AND, analysts have noted they believe dividends will be reinstated in 4th Q. Right after they reduce the share count
  •  POLZIN
    here we go again, the bank simply reconfirms its ability to borrow renews its agreements and stock price dives, someone doesnt seem to understand the credit rules , if a bank gets offered 500 million the person or institution lending (line of credit( debt) it could be) is good news , time to buy , according to investor relations, this is normal course of business and by the by the rates are lower on the terms than the past imho its business as usual .
  • B
    B
    This is going to 30, it is a matter of when
  • y
    yassine
    This is how short sellers try to change your perception
    and goad you into selling at a lower price than fair value. At the last minute of the day they start selling a low number of shares (100 shares or less) to change your perception and influence your thoughts. Call it psychological warfare or stock market marketing the idea is the same to influence your behavior and walk away with your money. By selling a few shares at a discount at the last minute they get to alter your analysis of the situation at a low cost.


    (MM/DD/YYYY) (EST) PRICE SHARES $CHG EXCH/MKT BUYER SELLER
    07/31/2019 4:00 PM Q 23.75 66 0.96 TSX 036 001
    07/31/2019 4:00 PM Q 23.75 53 0.96 TSX 036 001
    07/31/2019 4:00 PM Q 23.75 66 0.96 TSX 036 053
    07/31/2019 4:00 PM Q 23.75 3 0.96 TSX 036 053
    07/31/2019 4:00 PM Q 23.75 30 0.96 TSX 036 001
    07/31/2019 4:00 PM Q 23.75 16 0.96 TSX 036 101
    07/31/2019 4:00 PM Q 23.75 46 0.96 TSX 036 079
    07/31/2019 4:00 PM Q 23.75 52 0.96 TSX 036 039
    07/31/2019 4:00 PM Q 23.75 51 0.96 TSX 036 039
    07/31/2019 4:00 PM Q 23.75 56 0.96 TSX 036 065
    07/31/2019 4:00 PM Q 23.75 69 0.96 TSX 036 039
    07/31/2019 4:00 PM Q 23.75 28 0.96 TSX 036 079
    07/31/2019 4:00 PM Q 23.75 36 0.96 TSX 036 001
    07/31/2019 4:00 PM Q 23.75 85 0.96 TSX 036 001
    07/31/2019 4:00 PM Q 23.75 54 0.96 TSX 036 053
    07/31/2019 4:00 PM Q 23.75 39 0.96 TSX 036 065
    07/31/2019 4:00 PM Q 23.75 18 0.96 TSX 039 036
    07/31/2019 4:00 PM Q 23.75 76 0.96 TSX 072 036
    07/31/2019 4:00 PM Q 23.75 47 0.96 TSX 053 036
    07/31/2019 4:00 PM Q 23.75 47 0.96 TSX 053 036
    07/31/2019 4:00 PM Q 23.75 25 0.96 TSX 080 036
    07/31/2019 4:00 PM Q 23.75 81 0.96 TSX 072 036
    07/31/2019 4:00 PM Q 23.75 78 0.96 TSX 001 036
    07/31/2019 4:00 PM Q 23.75 87 0.96 TSX 001 036
    07/31/2019 4:00 PM Q 23.75 200 0.96 TSX 002 036
  • y
    yassine
    Hi David, keep in mind that short sellers are manipulating the stock price on a daily basis if not on a mintute by minute (sometimes microseconds Hen high frequecy traders get involved) basis using automated algorithms and cross border orders through multiple exchanges and dark pools. Retail buyers tend to place their orders as one single order to avoid trading fees but professionals pay for unlimited trading which means that when they want to sell 50,000 shares they split it into 500 to 1000 orders of 50 to 100 shares each spread over many hours. As soon as a big buyer fills his big order they place a 100 share order for a lower price to suppress the rise and keep an artificial lid/ glass ceiling on any upward momentum. The stock price will sky rocket when a big shareholder or buyer decides it is time to squeeze the short sellers pr when HCG declares a hefty dividend after completing its Normal Course Issuer Bid. All we can do to be part of the solution is to wait for that catalyst and not give in to the psychological war engineered by wily short sellers. Remember that there is a latent demand for 20 million shares or so ( the float is between 30 to 40 millions only) in the not so far away future (13 to 14 million shares that have been sold short both in the US OTC market and in Canada and must be bought back to cover the short positions + 4 million from the NCIB + 1 to 2 million at least from existing and new buyers a number that could be way higher when a dividend is declared). People who are patient could double their money when the stock price starts trading for its historical book value multiple.
    Good luck to all the lucky longs
  • s
    stor
    is the report good or bad ??
  • y
    yassine
    For us retail traders it is obvious that Canadian companies are very vulnerable to market manipulation by rogue offshore hedge funds. Many companies like HCG, Corus entertainment, Bombardier, BlackBerry and many many others have been targeted. If Canadian regulators are doing a half a.. job they can easily prove that HCG and Corus stocks have been shorted and their prices manipulated. The same bad behaviors are still taking place.
  • H
    Hal
    what happened here?