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ECN Capital Corp (ECN.TO)

ECN.TO on Toronto Stock Exchange

3.42CAD
19 Oct 2018
Change (% chg)

$-0.02 (-0.58%)
Prev Close
$3.44
Open
$3.45
Day's High
$3.48
Day's Low
$3.42
Volume
687,464
Avg. Vol
1,054,268
52-wk High
$4.40
52-wk Low
$3.31

Latest Key Developments (Source: Significant Developments)

ECN Capital Q2 Adjusted Earnings Per Common Share $0.04
Thursday, 9 Aug 2018 04:01pm EDT 

Aug 9 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS US$0.04 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q2-2018.Q2 ADJUSTED BASIC EARNINGS PER SHARE $0.04.BOOK VALUE PER COMMON SHARE AS AT JUNE 30, 2018 WAS $3.63 VERSUS $3.58 AS AT END OF PREVIOUS THREE-MONTH PERIOD.Q2 EARNINGS PER SHARE VIEW $0.03 -- THOMSON REUTERS I/B/E/S.  Full Article

ECN Capital Intends To Make Issuer Bid For Up To C$115 Mln Of Its Common Shares
Wednesday, 28 Feb 2018 04:13pm EST 

Feb 28 (Reuters) - ECN Capital Corp ::ECN CAPITAL ANNOUNCES INTENTION TO MAKE A SUBSTANTIAL ISSUER BID FOR UP TO C$115 MILLION OF ITS COMMON SHARES.ECN CAPITAL - ‍PROPOSED BID WILL PROCEED BY WAY OF A MODIFIED-DUTCH AUCTION​.ECN CAPITAL - ‍PROPOSED BID WILL PROCEED WITHIN PRICE RANGE OF NOT LESS THAN $3.49 PER SHARE AND NOT MORE THAN $3.90 PER SHARE​.ECN CAPITAL CORP - ‍INTEND TO FUND PROPOSED BID WITH A COMBINATION OF CASH DRAWN ON COMPANY'S EXISTING CREDIT FACILITY AND AVAILABLE CASH ON HAND​.  Full Article

ECN Capital Reports Q4 Adjusted EPS $0.03
Wednesday, 28 Feb 2018 04:12pm EST 

Feb 28 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS $0.03 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q4-2017.Q4 ADJUSTED EARNINGS PER SHARE C$0.03.QTRLY ‍ORIGINATIONS $316.9 MILLION VERSES $112.5 MILLION​.‍BOOK VALUE PER COMMON SHARE AS AT DEC 31, 2017 WAS $4.47 VERSUS $4.51 AS AT END OF PREVIOUS QUARTER AND $4.47 FOR SAME PERIOD LAST YEAR​.‍TOTAL EARNING ASSETS OWNED AND MANAGED AS AT DECEMBER 31, 2017 WERE $5.5 BILLION, VERSUS $3.3 BILLION AS AT DECEMBER 31, 2016​.Q4 EARNINGS PER SHARE VIEW C$0.04 -- THOMSON REUTERS I/B/E/S.  Full Article

ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017
Tuesday, 14 Nov 2017 04:23pm EST 

Nov 14 (Reuters) - ECN Capital Corp ::ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017.ECN Capital qtrly ‍net financial income, net of interest expense & provision for credit losses, was $31.6 million versus $38.7 million​.ECN Capital Corp - ‍total earning assets owned and under management as at September 30, 2017 were $3.8 billion, versus $4.2 billion as at June 30, 2017​.  Full Article

ECN Capital to sell Canadian Commercial And Vendor Finance assets
Monday, 30 Oct 2017 04:30pm EDT 

Oct 30 (Reuters) - Ecn Capital Corp :ECN Capital to sell Canadian Commercial and Vendor Finance assets.ECN Capital Corp says ‍finance assets for cash proceeds of approximately c$900 million​.ECN Capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering of ECN Capital's ongoing strategic plan​.ECN Capital - ‍ entered into a definitive agreement with Canadian Western Bank to sell all of company's Canadian Commercial and Vendor Finance assets.  Full Article

ECN Capital to sell canadian commercial and vendor finance assets
Monday, 30 Oct 2017 04:30pm EDT 

Oct 30 (Reuters) - ECN Capital Corp :ECN capital corp - to sell canadian commercial and vendor​ finance assets for cash proceeds of approximately c$900 million​ .ECN capital to sell canadian commercial and vendor finance assets.ECN capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering ongoing strategic plan​.ECN capital - ‍ entered into definitive agreement with canadian western bank to sell all of co's canadian commercial and vendor finance assets.  Full Article

ECN Capital enters agreement to buy Triad Financial Services
Wednesday, 25 Oct 2017 04:01pm EDT 

Oct 25 (Reuters) - ECN Capital Corp ::ECN Capital - entered agreement to buy Triad Financial Services; ECN Capital will pay $100 million in cash for Triad.ECN Capital - on a pro forma basis, acquisition will be immediately accretive to adjusted earnings per share and return on equity to ECN.  Full Article

TSX approves ECN Capital's normal course issuer bid
Friday, 30 Jun 2017 08:30am EDT 

June 30 (Reuters) - ECN Capital Corp ::TSX approves ECN Capital's normal course issuer bid.Ecn Capital Corp - company may repurchase on open market up to 37 million common shares of corporation.ECN Capital Corp - may purchase its common shares at its discretion during period commencing on July 5, 2017 and ending on earlier of July 4, 2018.ECN Capital - bid will be funded using existing cash resources, and any common shares repurchased by company under bid will be cancelled.  Full Article

Flexpoint Ford announces sale of service finance company to ECN Capital Corp
Thursday, 8 Jun 2017 08:25am EDT 

June 8 (Reuters) - Ecn Capital Corp :Press release - Flexpoint Ford, LLC announces the sale of service finance company to ECN Capital Corp..Flexpoint ford LLC - following transaction, service finance company will operate as a subsidiary of ecn capital.  Full Article

ECN Capital to acquire Service Finance Holdings
Thursday, 8 Jun 2017 07:00am EDT 

June 8 (Reuters) - ECN Capital Corp :ECN Capital signs definitive agreement to acquire Service Finance Holdings.ECN Capital Corp says under terms of agreement, ECN Capital will pay C$410 million (US$304 million) in cash for service finance.ECN Capital -on pro forma basis, acquisition will be immediately accretive to adjusted earnings per share and return on equity in 2017 and beyond.ECN Capital Corp -in addition, ECN Capital has agreed to a deferred purchase price earn-out plan with founders.ECN Capital Corp says transaction is expected to close in Q3 of 2017.  Full Article