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GMP Capital

Buy GMP Capital stocks

GMP CAPITAL (GMP) Stocks

ABOUT GMP CAPITAL

GMP Capital Inc. is an independent diversified financial services firm headquartered in Toronto, Canada. The company provides a wide range of financial products and services to a client base that includes corporate, institutional investors and high-net-worth individuals.

Founded in 1995 as Griffiths McBurney & Partners with the vision of creating an energetic, entrepreneurial and independent investment dealer focused on serving corporate clients and institutional investors. The company renames as GMP Capital Corp in 2003. In 2005, it converts to an income trust becoming GMP Capital Trust and begins operating in London, England the following year.

In 2009, Richardson GMP formed through the combination of GMP Private Client L.P. and Richardson Partners Financial Limited, creating one of Canada’s pre-eminent, independent wealth management firms. It buys Macquarie Private Wealth Inc. expanding business scale, assets under administration and financial strength.

GMP Capital completes the sale of all of its capital markets business to Stifel Financial Corp. in 2019 and intends to pursue significant opportunities in wealth management with a view to consolidate 100% of ownership in Richardson GMP into GMP.

GMP Capital Trust converts to a Corporation and renames GMP Capital Inc.

OVERVIEW OF GMP CAPITAL

  • GMP Capital Inc. is a Canada-based financial services firm. The company operates through two division: Operations Clearing and Wealth Management, and Corporate.

  • The Operations Clearing provides carrying broker services to Richardson GMP and carrying broker services to Stifel Financial Corp.’s Canadian capital markets operations, including trade execution, clearing, settlement, custody, and certain other middle- and back-office services, and other expenses associated with providing such services.

  • Wealth Management consists of GMP’s non-controlling ownership interest in Richardson GMP Limited.

VISION AND VALUES OF GMP CAPITAL

  • GMP Capital Inc. strives to uphold the highest standards of integrity and business conduct with strong governance principles that reflect emerging best practices, that meet or exceed regulatory requirements and that are consistent with its shareholders’ best interests.

  • The company is committed to community engagement. It has been dedicated to fostering community prosperity by developing partnerships with community stakeholders and clients to identify opportunities that can make a meaningful and lasting difference in the places where it live and work.

  • Whether it is through collaborating with community groups, our clients or through employee engagement, we are committed to building strong communities that align with our corporate values.

  • Shareholders who purchase company shares can rest assured of superior value.

MARKET PERFORMANCE OF GMP CAPITAL

  • GMP Capital Inc. trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol GMP. The company forms part of the TSX 500.

  • For the third quarter of 2019, the company reports revenue of US Dollar 24,340 million, up 16%, net (loss) income US Dollar 44,696 million, a decline of US Dollar 52.2 million. This is primarily due to a US Dollar 32.4 million net loss from discontinued operations, an increase of US Dollar 53.6 million compared with the US Dollar 21.2 million net income reported in first nine months 2018, and a US Dollar 1.4 million decrease in net loss from continuing operations. Net (loss) income per common basic share is 0.69 (0.06) down 1,250%.

  • On November 7, 2019, the Board approves the payment of a regular quarterly cash dividend of US Dollar 0.025 per common share.

Buy GMP CAPITAL stocks / shares – A Step by Step Guide how to Buy / Purchase GMP CAPITAL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy GMP CAPITAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GMP CAPITAL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE GMP CAPITAL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GMP CAPITAL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy GMP CAPITAL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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