Tag Archives: group

Aecon Group Inc finally sells Quito airport stake, and at a good price

aecon.jpg

Aecon Group Inc.’s sale of its 45.5-per-cent stake in Quito Airport terminal for US$232 million ought to be welcomed by investors, especially since it’s been looking to get rid of the airport because it opened in 2013. The cost was also above what some analysts anticipated, with net proceeds $242-million higher than the Street’s average forecast of approximately $200 million, ...

Read More »

Vanguard Group Inc. price cuts rattle the brokers who sell its funds

investing1.jpg

The Vanguard Group Inc., which in 4 decades became the biggest mutual fund company by selling low-priced, market-matching funds, is competing with some of its best customers – the brokers and advisers who funnel client assets to the fund C?by offering personalized plan to investors with more than US$500,000. Making things worse for outside advisers, Vanguard is charging 0.3 % ...

Read More »

Goldman Sachs Group Inc tells summer interns not to pull all-nighters, but 7 a.m. to midnight is OK

goldmansachs.jpg

Goldman Sachs Group Inc has told its summer investment banking interns to not stay in the office overnight inside a bid to improve working conditions for its junior staff. The move, according to company sources and confirmed with a Goldman spokesman, illustrates how Wall Street banks are trying to find to curb excessive hours worked by young employees who see ...

Read More »

How Tiger 21 networking group helps its wealthy members get back on track

rich.jpg

Peter Nicholson is a rich man and that he knows it. For more than a quarter of the century, he\’s parlayed a strong entrepreneurial drive right into a growing fortune, which finally count had led to a net worth somewhere north of $20 million. But for the money Nicholson makes, the 50-year old Halifax native can not seem to shake ...

Read More »

Home Capital Group Inc is used to critics saying it’s vulnerable to a housing pop

guy1.jpg

TORONTO – For the growing number of short sellers betting against Canada\’s uncomfortably hot housing industry, Home Capital Group Inc.’s massive stock sell off this week was as gratifying as it gets. The stock dived 19 per cent Monday and short positions shot up after the company revealed that new mortgages were much lower than expected within the second quarter, ...

Read More »

Home Capital Group shares sink after analyst downgrades

sd-realestate23.jpg

Home Capital Group Inc.’s shares dropped 19 per cent Monday morning, following the company reported that new single-family residential mortgages fell a lot more than expected in the second quarter. The holding company, which operates through mortgage provider Home Trust Co., was also downgraded by several analysts Monday on the disappointing figures. “We\’ve reduced our EPS estimates to reflect a ...

Read More »

Home Capital Group Inc and the shortseller social network

home-capital1.jpg

When Home Capital Group Inc. disclosed on July 10 it\’s terminating its relationship with a number of third-party lenders, a short-selling campaign exposed on the credit company. However the campaign’s epicentre wasn\’t lunch meetings and broker offices. It had been Twitter. For weeks, without much additional detail from the company, speculation ran wild on social media about what was behind ...

Read More »

CGI Group Inc weak on bookings, stronger on margins

0729cgi.jpg

MONTREAL – CGI Group Inc. was again weak on bookings because it reported third quarter results on Wednesday, and?analysts say this might continue to be a concern moving forward because the company shifts its global focus. “It isn\’t one region that has been pushing down bookings for the firm, it\’s most regions,” said Maher Yaghi, an analyst with Desjardins Capital ...

Read More »