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Steve DiGregorioGMP Capital Trust IncGMP.TOHOLDOct 18, 2016

Preferred Bs. There are rumours that their retail division GMP Richardson will get sold. There is some speculation that the preferreds will have a “change of control provision” and should be taken out at par. He doesn’t agree with that 100%, as the literature indicates it is not necessarily a change of control, but a liquidation scenario that could trigger $25. However, you could get a tender offer for it, but it won’t be $25. It may be $18-$20. He likes these GMP preferreds because you get paid healthy and get paid a dividend, and maybe someday they do get taken out.

Steve DiGregorioSteve DiGregorio
Owned
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$4.70

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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BUY

GMP Capital Trust Inc(GMP.TO)

Sep 30, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Investors responded positively to news that avoids a proxy fight for Richardson, which they will fully take over. They are expected to buy back $40M which will result in greater per share earnings leverage. Unlock Premium - Try 5i Free

Photo of Stockchase InsightsStockchase Insights
Unknown
Unlock Rating
$1.96

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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PAST TOP PICK

GMP Capital Trust Inc(GMP.TO)

Feb 19, 2020
(A Top Pick Feb 19/19, Down 18%) They are morphing, selling off their energy equity business and moving into wealth management only. He still likes it and owns it. At some point it may become a take out target.
Photo of Benj GallanderBenj Gallander
Owned
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$1.89

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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PAST TOP PICK

GMP Capital Trust Inc(GMP.TO)

Dec 23, 2019
(A Top Pick Dec 24/18, Up 23%) They had sold off their resource and energy components. They are holding only the wealth management business. He still has them on his list, but he is not sure how things will go forward. The Richardson family may not have the best interests of investors in mind. Less clarity on this one going forward.
Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$1.88

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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HOLD

GMP Capital Trust Inc(GMP.TO)

Oct 23, 2019

He owns the common stock and the preferred share. They have sold off their resource business side of their brokerage business. They are in wealth management only now. TD took a run at them a few years ago and it could be a possibility in the future. He will continue to hold it.

Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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PAST TOP PICK

GMP Capital Trust Inc(GMP.TO)

Aug 16, 2019
(A Top Pick Aug 02/18, Down 1%) Will become a complete wealth management company. Pays a good dividend. A company in transition so there is still some things to see. Might move into insurance.
Photo of Benj GallanderBenj GallanderUnlock Rating
$2.62

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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SELL

GMP Capital Trust Inc(GMP.TO)

Jul 18, 2019
In the process of being acquired. This space has been a difficult environment for years, especially because of a tough resource environment. If the shares are trading close to what the offer is, just sell and find something else to do with your cash.
Photo of Bryden TeichBryden TeichUnlock Rating
$2.63

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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HOLD

GMP Capital Trust Inc(GMP.TO)

Jul 02, 2019
Most of their capital market business is being acquired. He thinks there could be more to the deal. He also owns the preferred shares. He will continue to watch this and thinks a bidding war could emerge. He is happy to continue to hold it.
Photo of Benj GallanderBenj Gallander
Owned
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$2.38

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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PAST TOP PICK

GMP Capital Trust Inc(GMP.TO)

Apr 23, 2019
(A Top Pick Apr 18/18, Down 28%) Still would buy it. Likes their special dividend at end-2018 and they have started a regular 2.5-cent dividend. Revenues were down last quarter $38.5 million, but things will improve going forward. They report soon. He likes this a lot. Their oil/gas is doing better, but not cryptos. They're getting big into cannabis. Someone could take them over, because the cannabis space is palatable, thereofre GMP is. However, some of their top people are being poached by other companies.
Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$2.08

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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DON'T BUY

GMP Capital Trust Inc(GMP.TO)

Mar 29, 2019
This is in the "why bother" pile. There are a lot of issues with this name. There is always something going on in the background. There are better opportunities.
Photo of Ryan ModestoRyan Modesto
No
Unlock Rating
$2.19

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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HOLD

GMP Capital Trust Inc(GMP.TO)

Mar 06, 2019
The preferred B of GMP It's been on a rollercoaster based on rumour of the company being bought and split up. He sees no issue holding the preferreds, but he'd avoid GMP altogether. Doesn't know if there will be a deal. You can hold the preferred, though.
Photo of Andrew PinkAndrew PinkUnlock Rating
$2.35

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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PAST TOP PICK

GMP Capital Trust Inc(GMP.TO)

Feb 19, 2019
(A Top Pick Jan 16/18, Down 27%) Also a Top Pick today. Last year, GMP paid a special dividend and have since reinstituted it, which is a good sign for the future.
Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$2.74

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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TOP PICK

GMP Capital Trust Inc(GMP.TO)

Feb 19, 2019
Biggest independent wealth manager in Canada. GMP is paying a dividend now. They've gone into oil, gas, cannabis and cryptos to diversity and expand. Revenues in the last quarter rose 72%. Great bottom line. (Analysts’ price target is $15.44)
Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$2.74

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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TOP PICK

GMP Capital Trust Inc(GMP.TO)

Dec 24, 2018
Richardson Securities, one of their businesses, is the largest independent money manager in Canada. Two years ago they were raising money for commodity companies and now they are doing it for oil and gas companies. Last quarter was so great they did a special dividend and re-instituted a regular one. The balance sheet is pretty good. They just sold their US operations. Once a dividend is re-instituted, it has a lot of weight with Benj. Maybe TD-T will buy them as they have considered it before.
Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$1.83

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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WEAK BUY

GMP Capital Trust Inc(GMP.TO)

Oct 22, 2018

They had a special dividend of 10 cents a share not so long ago. Crypto currency will not be so popular in the future. Their investment in the cannabis space could do well. He likes this one and where they can go. It has a chance to get to double digits but not tomorrow, and also they could get competition.

Photo of Benj GallanderBenj GallanderUnlock Rating
$2.29

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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TOP PICK

GMP Capital Trust Inc(GMP.TO)

Aug 02, 2018

A lot of these companies have been taken over. TD-T has looked at this one. They are raising money for marijuana and crypto currency stocks. They paid a special dividend last year. It has a lot of upside potential.

Photo of Benj GallanderBenj Gallander
Owned
Unlock Rating
$2.85

Stock price when the opinion was issued

$1.62

As of Nov 23, 2020. Market Open.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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