Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Full earnings call with q and a and RS talk -
TEUM on SSR list for tomorrow!
Isn't earnings call after hours?
Remain calm everyone.I've lost my fair share today as well, buying a new position at 7 on a dip. Sell off can reverse. I see a $5.50 - $6 open tomorrow and then we can climb higher.
Hello all! Popped over from MARA and got a position at 2.55. GLTA
BTC hits 9800!
CONTACT INFORMATION
Marathon Patent Group
Jason Assad
678-570-6791
Jason@marathonpg.com
We will be fighting profit taking come monday but if we can hold this will definitely soar above $10 next week. $$$MARA
We just broke 6.40 in after hours. How will this be going down? IMO we will open around or above $7 on monday and be at 10 by next friday. This isn't going anywhere. Have you seen their recent acquisition?
Was in @ 3.70. Caught it late but enjoying the ride!
Money to be made here! OPHT will be a gold mine!
I'll see you boys on Monday #jumpingin
We're gonna hit it hard out of the gates boys! Watch it pop to .05-.07, retract to around .037-.035 and close around .05
Extremely excited for the $$$$ all this week!! Been holding through the dips patiently.
Completely agree. The bounce is going to be epic!
If we go above .04 again I'm going to do another load and get out at 06.
They are still going to pump for their profits before that happens. We will see a breakout before this dumps for sure.
Not from march but this did happen in April.
http://investors.jgwentworth.com/investors/investor-news/news-release-details/2017/The-JG-Wentworth-Company-Announces-Management-Updates/default.aspx
Ride the wave to .10 ! Get out with the profits and run! HAHA!
CHESTERBROOK, Pa.--(BUSINESS WIRE)-- The J.G. Wentworth Company® ("J.G. Wentworth" or the "Company") (OTCQX:JGWE) today reports financial results for the third quarter of 2017.
The following are highlights from the third quarter results:
Third Quarter 2017 Consolidated Results:
Consolidated revenues were $118.7 million, an increase of $49.9 million from the $68.8 million reported in the third quarter of 2016. The increase was due primarily to the $48.7 million increase in revenues generated by the Structured Settlement Payments segment's ("Structured Settlements") revenue driven principally by a $38.8 million favorable change in unrealized gains (losses) on securitized finance receivables, debt and derivatives, and a $1.2 million increase in our Home Lending segment's revenues.
Home Lending generated loan lock volume of $1.9 billion and closed loan volume of $1.1 billion in the third quarter of 2017. The outstanding unpaid principal balance of our mortgage servicing rights ("MSR") portfolio was $4.9 billion as of September 30, 2017. The Company's MSR portfolio had a fair value of $50.0 million as of September 30, 2017.
The Company had $4.4 billion in VIE and other finance receivables, at fair value, and $4.2 billion in VIE long-term debt issued by securitization and permanent financing trusts, at fair value, as of September 30, 2017. The debt issued by our VIE securitization and permanent financing trusts is recourse only to the respective entities that issued the debt and is non-recourse to the Company and its other subsidiaries.
Consolidated net loss was $6.5 million compared to the $38.8 million consolidated net loss in the third quarter of 2016. The $32.3 million favorable change was due to a $47.1 million decline in Structured Settlements pre-tax loss driven by the $48.7 million increase in the segment's revenue, partially offset by an increase in Home Lending's operating expenses which was driven by a $3.3 million increase in advertising expense due to the competitive environment and shifts in consumer demand and an $8.4 million goodwill impairment charge.
Third Quarter 2017 Segment Results:
Segment Adjusted EBITDA* for Home Lending was $4.1 million for the third quarter of 2017 compared to $9.4 million for the third quarter of 2016. The $5.3 million decrease in Segment Adjusted EBITDA* was primarily driven by a $3.3 million increase in advertising expense due to the competitive environment and shifts in consumer demand.
Segment Adjusted EBITDA* for Structured Settlements was $8.4 million for the third quarter of 2017 compared to $4.6 million for the third quarter of 2016. The $3.8 million increase in Segment Adjusted EBITDA* for Structured Settlements was primarily due to $1.3 million in reduced operating expenses reflecting the results to date of our previously announced cost savings initiatives coupled with a $1.8 million decrease in interest expense related to residual debt that was permanently financed in September 2016.
Subsequent Event:
As we previously disclosed in the Current Report on Form 8-K which we filed with the SEC on November 9, 2017, the Company and certain of its subsidiaries entered into a Restructuring Support Agreement with certain lenders and certain members of The J.G. Wentworth Company, LLC to support a comprehensive restructuring of the Company’s long-term debt and existing equity, which is expected to be effectuated through a pre-packaged Chapter 11 plan of reorganization.
If the restructuring contemplated by the Restructuring Support Agreement is consummated, the existing Credit Facility with a total of $449.5 million will be extinguished, a new secured revolving credit facility between $65.0 million and $70.0 million will be available to the Company, the lenders under the Credit Facility will receive at least 95.5% of new equity of the Company in exchange for the extinguishment, and all existing equity interests of the Company would be canceled without recovery.
J.G. Wentworth reports Q3 results
J.G. Wentworth (OTCQX:JGWE): Q3 EPS of -$0.15Revenue of $118.7M (+72.5% Y/Y)
Theres your nickel. At least .07 today imo
If we can break .04... the sky's the limit.
North of .04 tomorrow. New mgmt and new structure. New high come February just wait. This will only weed out the shorts.
With the news today it will be nice to load up under .05 and watch a new 52 wk pop in late january. North of .40 come february.
Did someone say break the .05s today? ;)
Loading at .029
In at .025
Loading up on the dips. $.10+ next week possibility.
Load up on open
Newbie here but buying up at .0005 how exactly do you receive the pura dividend? I know its 200-1 but do they just appear?
Got in at .06 so cant complain too much
.35 today?
Annnnd falling again
Been here since .06 has been moving nicely. Dip the other day wasn't fun though