Canadian stock alert

CANA

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.

DayHeadlineClose price [CAD]Price change %Relative change %Comment
WednesdayGMP Capital accelerates rise, up 3.9% in 3 days4.012.82.7Top Rise
TuesdayGMP Capital rises for a second consecutive day, a two-day rise of 1.0%3.90.81.2VI=2.1
MondayGMP Capital rises with rising open interest3.870.3-0.01
FridayGMP Capital up 9.7% for week3.860-0.1
ThursdayGMP Capital up 73% in less than 7 weeks3.861.31.0

SECTION 2: Technical indicators

Bullish:

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.

Note

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.

Bearish:

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

DescriptionValueRank In Market
Price/MAP2001.35In Top 9%
MCap $US million257.4In 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:

Favourable Changes:

- Current Debtors to Total Assets up from 31.6% to 34.3%

Unfavourable Changes:

- 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)

Note:

- 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

Canada NewsWire

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

Canada NewsWire

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)

ISIN: CA3801341064

PermID: 4295860494

CIK: GMP Capital Inc.

Source: www.BuySellSignals.com