Opinions
Benj Gallander
GMP Capital Trust Inc
GMP-T
BUY
May 22, 2018
$2.960
Stock price when the opinion was issued
investment companies
funds
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
PAST TOP PICK
(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.
investment companies
funds
HOLD
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.
investment companies
funds
PAST TOP PICK
(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.
investment companies
funds
BUY
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
investment companies
funds
This is one of his holdings. Much of its competition has fallen by the wayside. This is one of the largest wealth management companies in Canada. Its two big recent plays are cannabis and crypto-currency. They aren’t do very well on the numbers but they did well enough to pay a special dividend. Going forward, he thinks they have a lot of potential. He can see this going up to double digits.