Street Capital Group Inc

SCB-T

Analysis and Opinions about SCB-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 29, 2016

Has held this in the past, but it is going to take a bit of time for them to start to see the benefits of their bank license, which they just recently got. In the meantime, they built up a lot of costs and have been sitting on those costs without any revenues to offset them. The ramp-up will take at least 6 months, if not longer. You are going to have to be patient.

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Has held this in the past, but it is going to take a bit of time for them to start to see the benefits of their bank license, which they just recently got. In the meantime, they built up a lot of costs and have been sitting on those costs without any revenues to offset them. The ramp-up will take at least 6 months, if not longer. You are going to have to be patient.

COMMENT
COMMENT
June 10, 2016

He has been involved with this in the past with a Long position, hedged against Home Capital Group (HCG-T), as it traded at a significant discount to that. Still thinks it is an interesting name, but it has been waiting for its bank license to come through. Until that comes through, he is going to sit on the sidelines. It is a good name.

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He has been involved with this in the past with a Long position, hedged against Home Capital Group (HCG-T), as it traded at a significant discount to that. Still thinks it is an interesting name, but it has been waiting for its bank license to come through. Until that comes through, he is going to sit on the sidelines. It is a good name.

COMMENT
COMMENT
July 8, 2015

Likes it. It is in the housing sector. They act as a middle man between institutions who want to lend mortgages and borrowers who want to borrow. They sometimes use a broker to facilitate the trade. Then they take it off their books so there is no risk for themselves. Likes the growth profile of the business. Should be a decent year for them.

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Likes it. It is in the housing sector. They act as a middle man between institutions who want to lend mortgages and borrowers who want to borrow. They sometimes use a broker to facilitate the trade. Then they take it off their books so there is no risk for themselves. Likes the growth profile of the business. Should be a decent year for them.

PAST TOP PICK
PAST TOP PICK
May 29, 2015

(A Top Pick June 18/14. Up 27.47%.) Continues to like this. They are #4 in terms of their market share as a residential mortgage lender in Canada, just behind Home Capital Group (HCG-T). They have about $21 billion on mortgages under their administration. It has a lot of potential, which he feels is not being captured by the street.

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(A Top Pick June 18/14. Up 27.47%.) Continues to like this. They are #4 in terms of their market share as a residential mortgage lender in Canada, just behind Home Capital Group (HCG-T). They have about $21 billion on mortgages under their administration. It has a lot of potential, which he feels is not being captured by the street.

COMMENT
COMMENT
February 10, 2015

A residential mortgage lender, but don’t actually take the mortgage on their own Book. They act as a facilitator between a financial institution that wants to lend money, and a borrower who wants to borrow money. They would administer it, but it would immediately go off their books, so they don’t have any default risks personally. It absolutely got pulverized by the market last year. It was down 24% in 2014 compared to their peers Home Capital Group (HCG-T) and Equitable Group (EQB-T), Equitable was up 29% and Home Capital was up 24%. Thinks it was really unfairly punished by the market. The Q3 numbers were the real catalysts for the stock, which very much surprised the street, so that in the last 3 months, there has been a recognition, and the company is up 28%, where Home Capital is down about 18% and Equitable Group is down about 14%. Probably trades at about half the valuation of its peers. Expects the stock to grow at about 30% this year and is trading at only 6X forward earnings.

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A residential mortgage lender, but don’t actually take the mortgage on their own Book. They act as a facilitator between a financial institution that wants to lend money, and a borrower who wants to borrow money. They would administer it, but it would immediately go off their books, so they don’t have any default risks personally. It absolutely got pulverized by the market last year. It was down 24% in 2014 compared to their peers Home Capital Group (HCG-T) and Equitable Group (EQB-T), Equitable was up 29% and Home Capital was up 24%. Thinks it was really unfairly punished by the market. The Q3 numbers were the real catalysts for the stock, which very much surprised the street, so that in the last 3 months, there has been a recognition, and the company is up 28%, where Home Capital is down about 18% and Equitable Group is down about 14%. Probably trades at about half the valuation of its peers. Expects the stock to grow at about 30% this year and is trading at only 6X forward earnings.

PAST TOP PICK
PAST TOP PICK
December 30, 2014

(A Top Pick Dec 16/13. Down 11.27%.) A perplexing one because they have actually delivered on their earnings this year, and are down compared to some of their peers. Thinks 2015 will be an interesting year for them. Expecting them to get their bank license in the 2nd half of the year. Generally, their business is going very, very well. A high growth business that is trading at about half the multiples of Home Capital (HCG-T).

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(A Top Pick Dec 16/13. Down 11.27%.) A perplexing one because they have actually delivered on their earnings this year, and are down compared to some of their peers. Thinks 2015 will be an interesting year for them. Expecting them to get their bank license in the 2nd half of the year. Generally, their business is going very, very well. A high growth business that is trading at about half the multiples of Home Capital (HCG-T).

HOLD
HOLD
October 21, 2014

There is a lot of attractive valuation in this stock. Have had a lot of costs this year in preparing for their bank license, and they don’t have any of the revenues. He is hopeful that when the bank license comes in, they will be able to capitalize on their investments.

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There is a lot of attractive valuation in this stock. Have had a lot of costs this year in preparing for their bank license, and they don’t have any of the revenues. He is hopeful that when the bank license comes in, they will be able to capitalize on their investments.

COMMENT
COMMENT
October 15, 2014

Used to follow this and owned it, but got out when he got frustrated with how the market behaved. This is one of those stocks that would sell off for no reason. They put out good numbers and the stock would go down. This company is in the mortgage space and would be hurt by a housing correction. He is not interested in this one right now.

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Used to follow this and owned it, but got out when he got frustrated with how the market behaved. This is one of those stocks that would sell off for no reason. They put out good numbers and the stock would go down. This company is in the mortgage space and would be hurt by a housing correction. He is not interested in this one right now.

PAST TOP PICK
PAST TOP PICK
August 29, 2014

(A Top Pick Aug 2/13. Down 16.69%.) This has been a disappointment, however this is a reasonable opportunity, but he would not buy it today.

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(A Top Pick Aug 2/13. Down 16.69%.) This has been a disappointment, however this is a reasonable opportunity, but he would not buy it today.

BUY
BUY
August 7, 2014

Non-bank lender. In operation over 5 years and now that 5 year mortgages are renewing they are getting an increase in profits. They are down vs. HCG-T. He might short HCG against CXS-T.

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Non-bank lender. In operation over 5 years and now that 5 year mortgages are renewing they are getting an increase in profits. They are down vs. HCG-T. He might short HCG against CXS-T.

PAST TOP PICK
PAST TOP PICK
July 23, 2014

(A Top Pick July 26/13. Up 5.55%.) A special dividend was paid out in April. This has been a frustrating ride. It has been volatile and difficult to understand, because of all the non-core assets. Their mortgage business is superb and a market leader, and now reaching the stage of renewals, which should give higher margins.

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(A Top Pick July 26/13. Up 5.55%.) A special dividend was paid out in April. This has been a frustrating ride. It has been volatile and difficult to understand, because of all the non-core assets. Their mortgage business is superb and a market leader, and now reaching the stage of renewals, which should give higher margins.

HOLD
HOLD
July 9, 2014

This has done very well. Balance sheet is in good shape. Appears to be smartly managed. Thinks it is at Fair Value. One of his concerns is the real estate market, which he thinks is overheated. If interest rates go up, and he thinks they will, the real estate market could be dramatically slashed, and this company might get hit, but the balance sheet is in good shape, and they can handle it.

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This has done very well. Balance sheet is in good shape. Appears to be smartly managed. Thinks it is at Fair Value. One of his concerns is the real estate market, which he thinks is overheated. If interest rates go up, and he thinks they will, the real estate market could be dramatically slashed, and this company might get hit, but the balance sheet is in good shape, and they can handle it.

TOP PICK
TOP PICK
June 18, 2014

A lender in the residential space. Likes their potential earnings growth. Because the typical mortgage in Canada is 5 years, they are starting to get some of those rollovers coming through in the portfolio, and the profitability in those is about 2.5X an originated mortgage. Thinks there will be quite an improvement in profitability going forward. Inexpensive at about 9X earnings. One of the catalysts coming forward is their application for a bank license, which will open up some other opportunities.

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A lender in the residential space. Likes their potential earnings growth. Because the typical mortgage in Canada is 5 years, they are starting to get some of those rollovers coming through in the portfolio, and the profitability in those is about 2.5X an originated mortgage. Thinks there will be quite an improvement in profitability going forward. Inexpensive at about 9X earnings. One of the catalysts coming forward is their application for a bank license, which will open up some other opportunities.

WEAK BUY
WEAK BUY
April 21, 2014

Still likes it. It was a top pick. They sell, or administer mortgages. Typically you renew a mortgage after 5 years and this company is 5 years old. They make lots more margin on a renewal than on the original sale. As long as the housing market stays robust they should do okay. They have been selling non-core assets. He wasn’t impressed with how one was disposed. The stock chart does not look healthy, but it doesn’t look like a loser.

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Still likes it. It was a top pick. They sell, or administer mortgages. Typically you renew a mortgage after 5 years and this company is 5 years old. They make lots more margin on a renewal than on the original sale. As long as the housing market stays robust they should do okay. They have been selling non-core assets. He wasn’t impressed with how one was disposed. The stock chart does not look healthy, but it doesn’t look like a loser.

COMMENT
COMMENT
April 16, 2014

Had a pretty big pull back. There was a fair amount of enthusiasm for the stock this summer so the question is, was that misplaced or not. Finds it to be very attractive at the current levels. Released their results at the end of March which he felt were quite good. There are some competitive pressures within the mortgage lending space. Announced about a year ago that they were going to clean up the business so it is now a holding company that holds one asset, Street Capital, a mortgage lender. Around April 28, you will be receiving shares in Heritage Global, which is currently trading in the US. Management does not know when to sell so leaving the decision to you.

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Had a pretty big pull back. There was a fair amount of enthusiasm for the stock this summer so the question is, was that misplaced or not. Finds it to be very attractive at the current levels. Released their results at the end of March which he felt were quite good. There are some competitive pressures within the mortgage lending space. Announced about a year ago that they were going to clean up the business so it is now a holding company that holds one asset, Street Capital, a mortgage lender. Around April 28, you will be receiving shares in Heritage Global, which is currently trading in the US. Management does not know when to sell so leaving the decision to you.

Showing 1 to 15 of 31 entries

Street Capital Group Inc(SCB-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Street Capital Group Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Street Capital Group Inc(SCB-T) Frequently Asked Questions

What is Street Capital Group Inc stock symbol?

Street Capital Group Inc is a Canadian stock, trading under the symbol SCB-T on the Toronto Stock Exchange (SCB-CT). It is usually referred to as TSX:SCB or SCB-T

Is Street Capital Group Inc a buy or a sell?

In the last year, there was no coverage of Street Capital Group Inc published on Stockchase.

Is Street Capital Group Inc a good investment or a top pick?

Street Capital Group Inc was recommended as a Top Pick by Jerome Hass on 2016-12-29. Read the latest stock experts ratings for Street Capital Group Inc.

Why is Street Capital Group Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Street Capital Group Inc worth watching?

0 stock analysts on Stockchase covered Street Capital Group Inc In the last year. It is a trending stock that is worth watching.

What is Street Capital Group Inc stock price?

On 2019-10-22, Street Capital Group Inc (SCB-T) stock closed at a price of $0.675.