Toronto, October 17, 2018 - GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced Mike Novogratz, CEO of Galaxy Digital LP, as a featured speaker as part of an exciting line-up of digital visionaries at the GMP Securities Blockchain Conference to be held on November 13, 2018 at The Ritz-Carlton, Toronto.
Toronto, October 15, 2018 - GMP Securities L.P. (GMP or the Company), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced it will be hosting its 2nd annual GMP Securities Blockchain Technology Conference on Tuesday, November 13, 2018 at The Ritz-Carlton, Toronto.
TORONTO, ON. (October 3, 2018) – GMP Capital Inc. (GMP) (TSX: GMP) will release its third quarter 2018 financial results on Friday, November 9, 2018. Third quarter results are expected to be released at approximately 6:00 a.m. (EST).
Toronto, August 3, 2018 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $43.8 million in second quarter 2018, down 1% compared with the same period a year ago. Second quarter 2018 net income was $0.5 million and a diluted loss per share of $0.01, compared with a net loss of $54.2 million and a diluted loss per share of $0.79 in second quarter 2017. The improvement largely reflects a $52.0 million non-cash goodwill impairment charge recorded in second quarter 2017. On an adjusted basis1, second quarter 2018 net income was $4.0 million and EPS was $0.04.
“Improved net income highlights the benefit of the firm’s enhanced operating leverage and our leadership position in emerging industries. Adjusted EPS was $0.04 this quarter compared with $0.01 in the same period a year ago while revenues were relatively unchanged. There are two things we are particularly proud of in second quarter 2018: Our Canadian Capital Markets business grew revenue by 15% led by improved origination activity in cannabis and mining, and our Wealth Management continues to deliver solid profitability while growing client assets. We are also encouraged by improving capital markets activity levels,” said Harris Fricker, President and CEO of GMP.
First half 2018 revenue was $96.4 million, up 3% compared with the same period last year. GMP recorded net income of $4.6 million and EPS of $0.03 in first half 2018 compared with a net loss of $50.8 million and a diluted loss per share of $0.76 in first half 2017. First half 2017 included the non-cash goodwill impairment charge. On an adjusted basis1, net income was $11.4 million in first half 2018, generating EPS of $0.12, compared with net income of $8.6 million and EPS of $0.08 in first half 2017.
1. Considered to be a non-GAAP financial measure. This measure does not have any standardized meaning prescribed by generally accepted accounting principles (GAAP) under IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. This data should be read in conjunction with the “Non-GAAP Measures” section at the end of this press release and the “Presentation of Financial Information and Non-GAAP Measures” section in the Second Quarter 2018 MD&A.
TORONTO, ON. (July 11, 2018) – GMP Capital Inc. (GMP) (TSX: GMP) will release its second quarter 2018 financial results on Friday, August 3, 2018. Second quarter results are expected to be released at approximately 6:00 a.m. (EST). SECOND QUARTER 2018 CONFERENCE CALL A conference call and live audio webcast to discuss GMP’s second quarter 2018 results will be held that morning at 10 a.m. (EST). Interested parties are invited to access the quarterly conference call on a listen-only basis by dialing 416-340-2216 or 1-800-273-9672 (toll free) or via live audio webcast at http://gmpcapital.com/Investor-Relations/Quarterly-Information. A recording of the conference call will be available until Friday, August 10, 2018, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 7855958#. The webcast will be archived at http://gmpcapital.com/Investor-Relations/Quarterly-Information.
TORONTO, ON. (May 28, 2018) - GMP Capital Inc. (GMP) (TSX: GMP), a leading Canadian diversified financial services firm, announced today that its subsidiary GMP Securities L.P., in partnership with Grit Capital, Einstein Exchange and Vanbex Ventures, will host a charity trading day on Wednesday, June 6, 2018, in support of Covenant House Toronto's anti-sex trafficking campaign.
GMP Capital Inc. is also proud to renew its title sponsorship for the second annual 'Grand Commission' being held the evening of June 6, 2018 at the Ritz Carlton Toronto. The GMP Capital Grand Commission is a multi-dimensional fundraiser that merges pledge-driven corporate giving with a black-tie affair. Employing innovative strategies to accelerate fundraising initiatives, the Grand Commission identifies the most vulnerable areas of Toronto – with proceeds from the 2018 gala in support of Covenant House. The first of its kind in Canada, this year's charity trading day combines traditional equity trading with the dynamic world of cryptocurrency trading. On June 6, 2018, GMP Securities L.P. will donate 100% of all agency trading commission dollars from institutional equity trades generated. Joining GMP that day will be Einstein Exchange, Vanbex Ventures and Grit Capital who will donate cryptocurrency trading commissions. Celebrities such as Canadian NHL players Barclay Goodrow of the San Jose Sharks and Ryan Murphy of the Minnesota Wild, together with Todd Shapiro of SiriusXM will join the GMP trading desk on the morning of June 6, 2018 to be part of the benevolent movement.
TORONTO, ON. (May 3, 2018) – GMP Capital Inc. (GMP) (TSX:GMP) today announced that the eight nominees listed in the Management Information Circular dated March 23, 2018, were elected as directors of GMP. The detailed results of the vote for the election of directors held at GMP’s Annual and Special Meeting of Common Shareholders (the Meeting) on Thursday, May 3, 2018, in Toronto, Ontario, are set out below.
TORONTO, ON. (May 14, 2018) — GMP Capital Inc. (GMP) (TSX: GMP), a leading Canadian diversified financial services firm, announced today its subsidiary, GMP Securities L.P., will hold a Charity Trading Day on Wednesday, June 6, 2018, in support of Covenant House Toronto’s anti-sex trafficking campaign. GMP Securities L.P. will donate 100% of all agency trading commission dollars from institutional equity trades generated that day to support Covenant House Toronto.
Toronto, May 3, 2018 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $52.5 million in first quarter 2018, up 8% compared with the same period a year ago. First quarter 2018 net income was $4.1 million and EPS was $0.04, compared with net income of $3.5 million and EPS of $0.03 in first quarter 2017. On an adjusted basis1, first quarter 2018 net income was $7.3 million and EPS was $0.08.
“2018 is off to a good start with meaningful growth in our investment banking businesses and ongoing solid contribution from our industry-leading wealth management franchise. Leading the way in investment banking was significant client engagement from our cannabis and blockchain franchises. An explicit element of our strategic agenda has been to diversify and further strengthen the non-commodities portion of our franchise and, we believe, our results this quarter evidences we are on the right path," said Harris Fricker, President and CEO of GMP.
TORONTO, ON. (April 4, 2018) – GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced it will be hosting its 2nd annual Cannabis Conference on Thursday, April 19, 2018, at the Ritz-Carlton Hotel in Toronto.
The GMP Securities Cannabis Conference will address key investment themes and emerging opportunities as well as discuss and debate significant trends and developments in the dynamic Cannabis sector, including panel discussions and one-on-one meetings with senior management teams. The conference will also provide the opportunity for key industry participants and institutional investors to network and interact with a diverse group of highly regarded experts, leaders and visionaries from leading public and private cannabis companies.