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Marker:
Triad Guaranty Inc. (TGIC)
0.258 down -0.122 (-32.11%)
Volume: 23,000
*In light of future dilution sure to come this needs to go lower to make it worthwhile to go long. Today is a step in the right direction.
Link to the Dallas County court:
https://courtsportal.dallascounty.org/DALLASPROD
The Case No. is; CC-17-06253-C
Marker:
SVB Financial Grp. (SIVB)
$308.18 up 2.36 (0.77%)
Volume: 229,241
Marker:
Hi-Crush Partners LP (HCLP)
$13.10 up 0.55 (4.38%)
Volume: 311,562
*price of WTI crude is currently $70.21 @ bbl.
Another time extension amendment.
On April 27, 2018, the Lazarus Parties and GEL entered into a seventh amendment to the Letter Agreement (the “Amendment”), which extended the Continuance Period through May 31, 2018, in order to facilitate ongoing discussions. An additional $500,000.00 was paid to GEL on April 26, 2018, which amount has been applied to reduce the balance of the final award.
https://ih.advfn.com/p.php?pid=nmona&article=77290454
Marker:
Blue Dolphin Energy (BDCO)
$0.40 down -0.06 (-13.04%)
Volume: 142
*the only bright spot is at least the judgement award amount is being paid down. ":~\
New all-time high!
SVB Financial Grp. (SIVB)
$301.485 up 44.115 (17.14%)
Volume: 977,871
What a move!
SVB Financial Group Announces Availability Of Quarterly Financial Results
Date : 04/26/2018 @ 4:30PM
Source : PR Newswire (US)
Stock : Svb Financial Grp. (SIVB)
Quote : $304.1966 up 46.8266 (18.19%) @ 10:35AM
SANTA CLARA, Calif. — April 26, 2018 — SVB Financial Group (NASDAQ: SIVB) today announced financial results
for the first quarter ended March 31, 2018.
Consolidated net income available to common stockholders for the first quarter of 2018 was $195.0 million, or $3.63
per diluted common share, compared to $117.2 million, or $2.19 per diluted common share, for the fourth quarter of
2017 and $101.5 million, or $1.91 per diluted common share, for the first quarter of 2017. The first quarter of 2018
results included net losses of $22.2 million, on a pre-tax basis, from the sales of shares from our exercised Roku, Inc.
("Roku") equity warrants.
"The first quarter marked a tremendous start to the year, with better-than-expected performance in nearly every part
of the business and a significantly improved outlook for 2018," said Greg Becker, President and CEO of SVB Financial Group. "Our effective execution across all of our initiatives, together with the exceptional liquidity being deployed in
the innovation ecosystem, drove outstanding growth on and off the balance sheet; and we saw significant additional
benefits from higher interest rates and lower taxes, as well as continued solid credit performance."
Highlights of our first quarter 2018 results (compared to fourth quarter 2017, unless otherwise noted) included:
• Average loan balances of $23.8 billion, an increase of $1.4 billion (or 6.1 percent).
• Period-end loan balances of $24.6 billion, an increase of $1.5 billion (or 6.4 percent).
• Average fixed income investment securities of $24.0 billion, an increase of $0.2 billion (or 0.8 percent).
• Period-end fixed income investment securities of $24.6 billion, an increase of $0.8 billion (or 3.6 percent).
• Average total client funds (on-balance sheet deposits and off-balance sheet client investment funds) increased
$8.1 billion (or 7.9 percent) to $110.5 billion.
• Period-end total client funds increased $9.1 billion (or 8.7 percent) to $113.7 billion.
• Net interest income (fully taxable equivalent basis) of $421.2 million, an increase of $25.9 million (or 6.5 percent).
• Provision for credit losses of $28.0 million, compared to $22.2 million.
• Net loan charge-offs of $8.8 million, or 15 basis points of average total gross loans (annualized), compared to
$12.9 million, or 23 basis points.
• Gains on investment securities of $9.1 million, compared to $15.8 million. Non-GAAP losses on investment
securities, net of noncontrolling interests, were $3.8 million, compared to non-GAAPgains on investment securities,
net of noncontrolling interests, of $8.0 million. (See non-GAAP reconciliation under the section “Use of Non-GAAP
Financial Measures.”)
• Gains on equity warrant assets of $19.2 million, compared to $12.1 million.
• Noninterest income of $155.5 million, an increase of $3.3 million (or 2.1 percent). Non-GAAP core fee income
increased $8.6 million (or 8.1 percent) to $115.0 million. (See non-GAAP reconciliation under the section “Use of
Non-GAAP Financial Measures.”)
• Noninterest expense of $265.4 million, an increase of $1.4 million (or 0.5 percent).
[....]
Link to IR website for the complete report:
http://ir.svb.com/results.cfm
Wow!....
That's it exactly...if Bass has nothing to hide this is an awfully suspicious way to demonstrate it.
Up to the judge now.
In United States courts "in-camera review" describes a process or procedure where a judge privately looks at confidential, sensitive, or private information to determine what, if any, information may be used by a party or made public. ... Note: The judge has complete authority on an in-camera review.
Marker:
United Development F (UDFI)
$3.70 up 0.35 (10.45%)
Volume: 33,760
Marker:
Sears Hometown And O (SHOS)
$1.925 down -0.225 (-10.47%)
Volume: 295,175
*no position at this time...still sinking.
The products themselves are second to none but overcoming the Sears name and ownership associations with E. Lampert may be too steep a hill. ?? I truly wished that they would have marketed and launched these stores under an entirely different plan. Sears-Lite isn't working :(
Marker:
Delta Air Lines, Inc (DAL)
$55.80 up 1.25 (2.29%)
Volume: 4,465,455
Marker:
Hanmi Financial Corp (HAFC)
$30.925 down -0.125 (-0.40%)
Volume: 59,464
How healthy is this bank? Very strong. Well capitalized. At $2.5 Billion in assets it is one of the larger community banks in the country.
https://banktracker.investigativereportingworkshop.org/banks/texas/dallas/professional-bank-national-association/
My interest in this bank? They hold the note on Blue Dolphin Energys' refinery.
Veritex Holdings, Inc. Announces Dates of First Quarter Earnings Release and Conference Call
Date : 04/10/2018 @ 5:00PM
Source : GlobeNewswire Inc.
Stock : Veritex Holdings, Inc. (VBTX)
Quote : $27.82 0.11 (0.40%) @ 11:02AM
Source:
https://ih.advfn.com/p.php?pid=nmona&article=77148029
Marker:
First Internet Banco (INBK)
$37.25 up 1.1 (3.04%)
Volume: 29,321
No worries...the Triad Guaranty situation involving multiple proceedings running simultaneously is confusing for all of us. It is a somewhat rare to see this and it increases the complexity factor considerably.
Re-reading case 562 should help. The rehabilitator's reasons for why they objected to the POR is clearly laid out.
Good luck ;)
...that is simply incorrect. It has everything to do with Triad Guaranty Inc.
Triad Guaranty Insurance Corporation ("TGIC") and Triad Guaranty Assurance Corporation ("TGAC") are wholly owned subsidiaries of Triad Guaranty Inc.
So? So the NOL's were accumulated by the subsidiaries.. not the holding company.
TGI the holding company has a confirmed plan and an order to that affect by the US BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ...that part is true... however the company has not emerged from bankruptcy. I posted the reason why that hasn't happened yet.
There are, and have always been, two courts simultaneously adjudicating the Triad Guaranty situation. One is a US Bankruptcy Court and the other is the State of Illinois. The bankruptcy court has concluded its case and ruled...however the State of Illinois has not concluded nor ruled...and until they do...TGI stock will most likely not emerge from bankruptcy.
OFFICE OF THE SPECIAL DEPUTY RECEIVER
Triad Guaranty Insurance Corporation and Triad Guaranty Assurance Corporation
Receivership Pleadings and Orders
Mar. 29, 2018
By Order of the Court All Matters Set For March 30, 2018 Are Reset To May 4, 2018
Source:
http://www.osdchi.com/orders/receivership_orders_triad.htm
Marker:
Triad Guaranty Inc. (TGICQ)
0.25 0.0 (0.00%)
Volume: 6,365
Trinity Industries, Inc.
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To Be Held on May 7, 2018
2525 N. Stemmons Freeway
Dallas, Texas 75207-2401
www.trin.net
TO: Trinity Industries, Inc. Stockholders:
Please join us for the 2018 Annual Meeting of Stockholders of Trinity Industries, Inc. The meeting will be held at the principal executive offices of the Company, 2525 N. Stemmons Freeway, Dallas, Texas 75207, on Monday, May 7, 2018 , at 8:30 a.m., Central Daylight Time.
https://ih.advfn.com/p.php?pid=nmona&article=77126612
Marker:
Trinity Industries, (TRN)
$31.65 down -1.1 (-3.36%)
Volume: 2,969,957
FWIW - the annual stockholder meeting for 2017 was wayyyy earlier this year. How early? Dec. 20th.
Carroll pretty much guaranteed nobody would show up by scheduling it Christmas week.
https://seekingalpha.com/filing/3772370
Marker:
Blue Dolphin Energy (BDCO)
$0.65 up 0.07 (12.07%)
Volume: 300
You hit the nail on the head!
When you google the word oxymoron it comes back with Blue Dolphin Investor Relations Dept. as an example.
Good to see you old friend hope you and the family are doing well. Check in once in a while to get caught up on the BDCO saga. ;)
Chevy
Agree on all points EI.
Arbitration situation aside the take-aways from this report are that all parties remain engaged and focused on a solution/settlement. And I'm particularly encouraged to see the improvements to the plant have been completed.
The uncertainty of remaining a going concern continues:
Annual Report (10-k)
Date : 04/02/2018 @ 5:05PM
Source : Edgar (US Regulatory)
Stock : Blue Dolphin Energy Co. (QX) (BDCO)
Quote : 0.68927 0.08927 (14.88%) @ 4:00PM
https://ih.advfn.com/p.php?pid=nmona&article=77083643
Marker;
Hi-Crush Partners LP (HCLP)
$10.53 down -0.525 (-4.75%)
Volume: 1,852,379
*price of WTI crude currently sits at $63.94 @ bbl
Take note: The UDF vs Bass/Hayman Capital case # has changed.
The Case No. is now; CC-17-06253-C
The link to the Dallas County court records remains the same;
https://courtsportal.dallascounty.org/DALLASPROD
*thanx for the heads-up on the change jh5142
**The affidavit on March 7th of Hollis Greenlaw and Dale Kitchens is an especially good read...emphasis on Kitchens. His resume and expert opinion/statement on the case should have the defendant camp nervous.
Marker:
United Development F (UDFI)
$3.15 up 0.05 (1.61%)
Volume: 6,122
5 years...5 bagger!
Marker:
SVB Financial Grp. (SIVB)
$266.43 up 0.32 (0.12%)
Volume: 423,336
*New all-time high
Current Report Filing (8-k)
Date : 03/01/2018 @ 2:23PM
Source : Edgar (US Regulatory)
Stock : Blue Dolphin Energy Co. (QX) (BDCO)
Quote : 0.5601 -0.2299 (-29.10%) @ 2:34PM
As previously disclosed, on September 26, 2017, Blue Dolphin Energy Company (“Blue Dolphin”), its wholly owned subsidiary Lazarus Energy, LLC (“LE”) and their affiliates Lazarus Energy Holdings, LLC and Jonathan Carroll (collectively, the “Lazarus Parties”) entered into a Letter Agreement with GEL Tex Marketing, LLC (“GEL”), effective September 18, 2017 (the “Letter Agreement”). Among other matters, the Letter Agreement confirmed the parties’ agreement to the continuation of the hearing on confirmation of the final award in the arbitration proceedings between LE and GEL for a period of time (the “Continuance Period”), subject to the terms of the Letter Agreement, in order to facilitate settlement discussions between the parties.
On February 28, 2018, the Lazarus Parties and GEL entered into a fifth amendment to the Letter Agreement (the “Amendment”), which extended the Continuance Period through March 30, 2018, in order to facilitate ongoing discussions.
*Another stay of execution. Carroll needs someone to buy GEL's claim, hopefully at a steep discount, and then work something out with that investor that everybody can live with.
Agreed. The NOL's are the only reason this bk had the plan of reorganization that it did.
In this situation the amount of issuance of stock to new investors will not cause nor result in a change in corporate ownership...the NOL's will be fully usable... but it does, for all practical purposes, afford them certain advantages of being the "controlling" party.
Who is going to vote against these guys down the road when they want to infuse million$ into this shell to buy what we hope will be a very profitable business? Not me.
I say go for it!
Marker:
Triad Guaranty Inc. (TGICQ)
0.25 0.0 (0.00%)
Volume: 2,100
Well played...congrats!
Stop stop stop.
Nobody said the debtor was the DIP lender. That would be completely illogical. How could a company in bankruptcy (the debtor) loan itself money to operate while they go to court to explain to their creditors they have no money to pay them with.
The link you provided gives you your clue. It defines what a DIP loan is - "A DIP loan is a loan to a company that commences a chapter 11 case, providing it with the liquidity it needs to operate and restructure while in bankruptcy. As investors are looking for ways to put money to work, they are setting their sights on the DIP loan market as a way to realize meaningful returns...."
Now ask yourself who has been supplying the funds the estate needed to pay unsecured creditors, taxes, court fees and professional fees? When you identify who that is you have identified the DIP lender. Its really no secret..the case identifies who it is up front. Next you add up how much they contributed $$$.
In exchange for their lifeline of cash, expertise and plan participation they expect something in return. DIP lenders dont lend out the goodness of their hearts...they want something in return. What might that something be? Control. How do you get control? You get shares ...lots of them. With shares comes votes. Votes are power. Power is control.
Good luck.
Marker:
Triad Guaranty Inc. (TGICQ)
$0.23 down -0.07 (-23.33%)
Volume: 100
Marker:
Triad Guaranty Inc. (TGICQ)
$0.2461 0.0 (0.00%)
Volume: 0
*DIP Lender paid .33 ps
Oregon Bancorp, Inc. (ORBN) Declares $1.20 Special Cash Dividend; 3.9% Yield
February 23, 2018 1:09 PM
Oregon Bancorp, Inc. (: ORBN) declared a special dividend of $1.20 per share.
The dividend will be payable on March 15, 2018, to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018.
Marker:
Oregon Bancorp, Inc. (ORBN)
$33.99 up 3.192 (10.36%)
Volume: 6,463
Hi-Crush Partners LP Reports Fourth Quarter and Full Year 2017 Results
Highlights include;
• 4Q 2017 revenues of $216.5 million vs. $167.6 million in 3Q 2017 and $67.3 million in 4Q 2016
• 4Q 2017 net income of $43.2 million vs. $29.8 million in 3Q 2017 and net loss of $(8.1) million in 4Q 2016
• 4Q 2017 Adjusted EBITDA of $59.0 million vs. $41.7 million in 3Q 2017 and $(0.3) million in 4Q 2016
• 4Q 2017 distributable cash flow attributable to the limited partner unitholders of $52.6 million vs. $37.5 million in 3Q 2017 and $(4.4) million in 4Q 2016
• Completed $20 million of unit repurchases in 4Q 2017; increased quarterly distribution to $0.20 per unit
• Successfully refinanced Term Loan and Revolving Credit Agreement provide flexibility for continuation of unit repurchase program and extend maturity profile.
Source:
https://ih.advfn.com/p.php?pid=nmona&article=76749467
*strong report!
Marker;
Hi-Crush Partners LP (HCLP)
$11.925 up 0.425 (3.70%)
Volume: 948,752
You remind me of my brother who would jump in an ice cold river near our home in Colorado and only just before he would hit the water would it occur to him that he probably should have dipped his toe in first before he subjected his entire body to the near freezing water! Lol...
It's a solid little bank and well capitalized. No troubled assets..No loans loans 90 days past due.. no non-accruing loans and no OREO (other real estate owned). All good signs!
They're making money..fed rates are rising which is good for a banks bottom line.. and they're experiencing some organic growth.. Whats' not to love right!
It's kind of amazing to me that this little bank wasn't acquired by a larger fish by now. Small banks struggle with reg compliance costs.. its harder to spread that out when youre only dealing with $68M in total assets.
As opposed to the hay-days of 2011/12 its almost impossible now to find any banks selling at a discount. However you should have a little headroom to make a nice profit if the bank gets acquired. The average buy-out price for smaller banks lately has been 1 ~ 1.5x book.
Good luck and God bless in 2018 Lazarus!
Chevy
This bank has doubled since Trump took office.
Publically Silicon Valley unabashedly hates you...but privately their wallets tell a very different story.
Go Donald!
Marker:
SVB Financial Grp. (SIVB)
$252.63 up 3.22 (1.29%)
Volume: 119,262
*what was the pps Nov of 2016 when Trump won the election? $125
Annual Report (10-k)
Date : 02/20/2018 @ 6:33AM
Source : Edgar (US Regulatory)
Stock : Hi-Crush Partners LP Common Units Representing Limited Partner Interests (HCLP)
Quote : $11.85 down -0.2 (-1.66%)
Source:
https://ih.advfn.com/p.php?pid=nmona&article=76753037
*Current price of WTI crude is $61.48 @ bbl.
**The price one year ago was $56 and dropping to a yearly low in the mid $40 range by early summer.
Over the last 10 months BOFI is up $14.35 @ share ...or an astounding 60%.
How do you ignore this kind of steady performance!
Marker:
BofI Holding, Inc. (BOFI)
$38.38 up 0.87 (2.32%)
Volume: 898,753
Marker:
BOFI Holding, Inc. (BOFI)
$38.38 up 0.87 (2.32%)
Volume: 898,753
*BOFI has resumed its growth story.