Canadian stock alert
Afternoon Alert: GMP Capital continues significant uptrend, increases 1.5% 18 January 2018 12:16 EST
NEWS BITES - NORTH AMERICA
GMP Capital Inc. (TSX:GMP) continued its significant uptrend and increased 6.0c (or 1.5%) to trade at CAD4.07 today.
SECTION 1: The past week
Current indications of bullish signals that support the trend in the unusual trading
1.1 At a glance
Weekly: GMP Capital put call ratio decreases 10.0%, stock climbs 5.2% January 17, 2018 17:00 EST
GMP Capital Inc. (TSX:GMP), Canada's 3rd largest Brokers & Exchanges company by market cap, has lifted 20.0c (or 5.2%) in the past week to close at CAD4.01. Open interest contracts on exchange traded options included 29 put contracts and 360 call contracts. The put:call ratio was 0.1, down 10.0% for the week. The decrease is a bullish indicator. Compared with the S&P/TSX 60 Index which rose 3.9 points (or 0.4%) in the week, this represented a relative price increase of 4.8%. In the past week the market cap has risen CAD15.7 million.
1.2 5-day Recap
GMP Capital outperformed the S&P/TSX 60 index in 3 out of 5 days.
|Day||Headline||Close price [CAD]||Price change %||Relative change %||Comment|
|Wednesday||GMP Capital accelerates rise, up 3.9% in 3 days||4.01||2.8||2.7||Top Rise|
|Tuesday||GMP Capital rises for a second consecutive day, a two-day rise of 1.0%||3.9||0.8||1.2||VI=2.1|
|Monday||GMP Capital rises with rising open interest||3.87||0.3||-0.01|
|Friday||GMP Capital up 9.7% for week||3.86||0||-0.1|
|Thursday||GMP Capital up 73% in less than 7 weeks||3.86||1.3||1.0|
SECTION 2: Technical indicators
The positive 0.28 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.
In the Canadian market, the stock's relative price strength percentile is rising at 97 for 6 months, 97 for 3 months and 97 for 1 month.
The stock is at a discount of 6.4% to the 12-month high of CAD4.35 on 03 Mar, 2017. It is also at a premium of 91.1% to the 12-month low of CAD2.13 on 18 Aug, 2017.
The present value of CAD1,000 invested one year ago is CAD993 [vs CAD1,063 for the S&P/TSX 60 Index], for a capital loss of CAD7. The total return to shareholders for 1 year is -0.7%.
SECTION 3: Ranking
|Description||Value||Rank In Market|
|Price/MAP200||1.35||In Top 9%|
|MCap $US million||257.4||In 2nd Quartile|
|52-week Range (in CAD)||2.1-4.3|
|1-month Range (in CAD)||2.9-4.3|
SECTION 4: Earnings
FY2016 Annual Report: GMP Capital reports Loss of CAD11.6m ($US8.7m)
GMP Capital (TSX:GMP) reported loss for the year-ended 31 December 2016 of CAD11.6m ($US8.7m).
Major changes compared with previous year:
- Current Debtors to Total Assets up from 31.6% to 34.3%
- Loss of CAD11.6m ($US8.7m)
- Total revenue down 16.5% from CAD235.2m ($US169.4m) to CAD196.5m ($US146.2m)
- EBIT Margin of -2.9%
- Interest expenses to Sales up from 1.7% to 1.8%
- Other non-current assets to Total Assets down from 30.8% to 28.7%
- Long-term investments to Total Assets down from 5.5% to 5%
- Fixed Assets to Total Assets down from 0.5% to 0.3%
- Net tangible assets per share down 20.2% from CAD4.16 ($US3) to CAD3.32 ($US2.5)
- Depreciation to Sales up from 1.7% to 2.3%
- Tax expenses to Sales down from 1.6% to 1.3%
- Total liabilities to Total assets steady at 0.8
- Intangibles to Total Assets up from 3.4% to 5.6%
SECTION 5: Recent News of GMP Capital
November 28 2017: GMP Securities to Host Inaugural Blockchain Conference and Announces Mike Novogratz as Keynote Speaker
TORONTO, Nov. 28, 2017
TORONTO, Nov. 28, 2017 /CNW/ - GMP Securities L.P. (GMP or the Company), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced it will be hosting the inaugural GMP Securities Blockchain Technology Conference on December 7, 2017 at the Royal York Hotel in Toronto.
The Company is also pleased to confirm Michael Novogratz, Chief Executive Officer of Galaxy Investment Partners, as keynote speaker.
November 20 2017: GMP Capital Inc. Announces Senior Management Departure
TORONTO, Nov. 20, 2017
TORONTO, Nov. 20, 2017 /CNW/ - GMP Capital Inc. (GMP or the Company) (TSX: GMP) today announced Doug Bell, Vice Chairman, Investment Banking and member of the Company's Executive Committee, is leaving the company after eight years with GMP. Mr. Bell is establishing a principal business in the mining sector.
"Doug has been a trusted partner and a valued member of the firm's senior leadership team.
GMP Capital Inc. (T:GMP; TSE:GMP; N:GMP; CN:GMP)
CIK: GMP Capital Inc.