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MCAN Mortgage Corporation (T:MKP)

Business Focus: Corporate Financial Services

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for MKP within the last 6 months
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Company News

Aug 07, 2019 17:46 ET
MCAN Mortgage Corporation Announces Second Quarter Results for 2019
TORONTO, Aug. 7, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported net income of $8.9 million ($0.37 per share) for the second quarter ended June 30, 2019, a decrease of 20% from $11.1 million ($0.47 per share) in the second quarter of 2018.  In the second quarter of 2019, we recorded a $1.0 million net realized and unrealized loss on securities compared to a $3.3 million net realized and unrealized gain in the second quarter of 2018.  Year to date, we reported net income of $23.2 million ($0.97 per share), an increase of 7% from $21.7 million ($0.9
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May 09, 2019 11:03 ET
MCAN Mortgage Corporation Announces Final Voting Results
TORONTO, May 9, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") (TSX: "MKP") today announced the final director election results from MCAN's 2019 Annual and Special Meeting of Shareholders held in Toronto, Ontario, on May 8, 2019.
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Valuation Ratios

Industry
Sector
Beta
0.84
--
--
Price to Sales - TTM
3.48
9.21
7.62
Price to Book - most recent quarter
1.19
1.34
1.54
Price to Cash Flow per share - TTM
--
10.62
11.61
Price to Free Cash Flow per share - TTM
--
18.34
23.50
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Sep 15, 201910,173-4,829
Aug 31, 201915,0021,705
Aug 15, 201913,297-78,634
See Short Report

Business Summary

Sector:  Financials Industry:  Corporate Financial Services

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.

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