Latest news with #DanRees
Cision Canada
2 days ago
- Business
- Cision Canada
goeasy Ltd. Surpasses $5 Billion Consumer Loan Portfolio
MISSISSAUGA, ON, June 12, 2025 /CNW/ - goeasy Ltd. (TSX: GSY), (" goeasy" or the " Company"), a leading consumer lender focused on delivering a full suite of financial services to Canadians with near to non-prime credit scores, announced today that it has reached the milestone of surpassing a $5 billion loan book. Achieving a $5 billion loan portfolio is a significant highlight in goeasy's journey. After surpassing the $4 billion loan portfolio mark in June 2024, the Company leveraged its scale and diversified its lending model to increase the loan book by another $1 billion only a year later. The Company is well-positioned to achieve its long-term growth objectives, expecting to organically grow the loan portfolio to between $7.35 billion and $7.75 billion by 2027. "We began our consumer lending journey in 2006 when easyfinancial was born, opening our first kiosk in Edmonton, Alberta. Since then, we have significantly broadened our range of consumer lending products to offer a wide variety of interest rates that cater to the entire non-prime credit market," said David Ingram, Executive Chairman. "Today, I'm proud to announce that goeasy has reached a $5 billion loan portfolio, solidifying our place as one of Canada's largest non-prime lenders. With over 400 locations, online and mobile platforms, and point-of-sale financing in multiple sectors through over 10,000 merchant partners, we've significantly expanded our reach and offerings, positioning ourselves for a bright and promising future." In the first quarter of 2025, the Company welcomed over 43,000 new customers, building on the record 315,000 loans issued in 2024. goeasy plays an essential role in the financial system by empowering the 9.6 million hard-working, everyday Canadians with non-prime credit to achieve the life they deserve. The Company offers a range of financial products and services, including unsecured personal loans, home equity instalment loans, point-of-sale financing through a large network of merchant partners, and lease-to-own merchandise. "We have reached the $5 billion milestone in our loan portfolio through the dedicated efforts of our easyhome, easyfinancial, and LendCare brands, proudly serving approximately 1.5 million Canadians," said Dan Rees, goeasy's Chief Executive Officer. "This achievement reflects our dedicated team and our exceptional ability to adapt in a constantly changing macroeconomic landscape, while staying true to the mission of providing a responsible and reliable source of financing for underserved customers." About goeasy goeasy Ltd. is a Canadian company, headquartered in Mississauga, Ontario, that provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. Supported by over 2,600 employees, the Company offers a wide variety of financial products and services including unsecured and secured instalment loans, merchant financing through a variety of verticals and lease-to-own merchandise. Customers can transact seamlessly through an omni-channel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals, through approximately 11,000 merchant partners across Canada. Throughout the Company's history, it has acquired and organically served over 1.5 million Canadians and originated over $16.6 billion in loans. Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards in recognition of its exceptional culture and continued business growth including 2024 Best Workplaces™ in Financial Services & Insurance, Waterstone Canada's Most Admired Corporate Cultures, ranking on the 2022 Report on Business Women Lead Here executive gender diversity benchmark, placing on the 2024 Report on Business ranking of Canada's Top Growing Companies, ranking on the TSX30, Greater Toronto Top Employers Award and has been certified as a Great Place to Work ®. The Company is represented by a diverse group of team members from over 90 nationalities who believe strongly in giving back to communities in which it operates. To date, goeasy has raised and donated over $6.5 million to support its long-standing partnerships with BGC Canada and many other local charities. goeasy Ltd.'s common shares are listed on the TSX under the trading symbol "GSY". goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody's. For further information contact: Dan Rees Chief Executive Officer [email protected] | 437-446-7324 SOURCE goeasy Ltd
Yahoo
21-04-2025
- Business
- Yahoo
3 TSX Companies With High Insider Ownership Seeing Up To 45% Earnings Growth
The Canadian stock market has shown resilience, with the TSX rising over 2% recently despite ongoing tariff uncertainties that have impacted global markets. In this environment, companies with high insider ownership can be particularly appealing as they often signal strong alignment between management and shareholders, especially when these companies are also experiencing significant earnings growth. Name Insider Ownership Earnings Growth Propel Holdings (TSX:PRL) 36.5% 35.8% Discovery Silver (TSX:DSV) 16.2% 47% Robex Resources (TSXV:RBX) 25.6% 147.4% Allied Gold (TSX:AAUC) 17.7% 74.5% West Red Lake Gold Mines (TSXV:WRLG) 12.5% 76.8% Almonty Industries (TSX:AII) 16.6% 50.5% Aritzia (TSX:ATZ) 17.5% 41.1% Enterprise Group (TSX:E) 32.2% 41.9% Burcon NutraScience (TSX:BU) 16.4% 152.2% SolarBank (NEOE:SUNN) 17.6% 178.3% Click here to see the full list of 38 stocks from our Fast Growing TSX Companies With High Insider Ownership screener. We'll examine a selection from our screener results. Simply Wall St Growth Rating: ★★★★☆☆ Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market cap of CA$2.57 billion. Operations: The company's revenue is derived from its Easyhome segment, contributing CA$152.88 million, and its Easyfinancial segment, generating CA$1.37 billion. Insider Ownership: 21.7% Earnings Growth Forecast: 15.4% p.a. goeasy demonstrates strong growth potential with forecasted revenue growth of 28% per year, significantly outpacing the Canadian market. Despite a dividend not well covered by free cash flows, insider confidence is evident as more shares were bought than sold recently. The company has engaged in strategic debt financing to optimize its capital structure and intends to expand its loan portfolio substantially under new CEO Dan Rees's leadership. Click here and access our complete growth analysis report to understand the dynamics of goeasy. According our valuation report, there's an indication that goeasy's share price might be on the cheaper side. Simply Wall St Growth Rating: ★★★★☆☆ Overview: North American Construction Group Ltd. offers mining and heavy civil construction services to the resource development and industrial construction sectors in Australia, Canada, and the United States with a market cap of CA$630.26 million. Operations: The company generates revenue from heavy equipment services amounting to CA$555.30 million in Canada and CA$590.90 million in Australia. Insider Ownership: 10.6% Earnings Growth Forecast: 45.6% p.a. North American Construction Group has seen substantial insider buying recently, indicating confidence despite a challenging financial position with interest payments not well covered by earnings. The company's revenue is forecasted to grow faster than the Canadian market at 5.6% annually, while earnings are expected to grow significantly at 45.61% per year. However, net income declined from C$63.14 million to C$44.09 million in 2024, and profit margins have decreased compared to last year. Navigate through the intricacies of North American Construction Group with our comprehensive analyst estimates report here. Upon reviewing our latest valuation report, North American Construction Group's share price might be too pessimistic. Simply Wall St Growth Rating: ★★★★★☆ Overview: TerraVest Industries Inc. is a company that manufactures and sells goods and services across various sectors including agriculture, mining, energy, chemicals, utilities, transportation, and construction in Canada, the United States, and internationally with a market cap of approximately CA$2.64 billion. Operations: TerraVest Industries generates revenue through several segments, including Service (CA$202.65 million), Processing Equipment (CA$97.26 million), Compressed Gas Equipment (CA$280.72 million), and HVAC and Containment Equipment (CA$341.95 million). Insider Ownership: 21% Earnings Growth Forecast: 27.8% p.a. TerraVest Industries' recent earnings report highlights strong growth, with net income rising to C$28.74 million from C$17.38 million year-over-year, and earnings per share increasing significantly. The company's revenue is expected to grow at 39.1% annually, outpacing the Canadian market's average growth rate of 4.7%. While trading below its estimated fair value by a substantial margin, TerraVest's forecasted annual profit growth of 27.8% also surpasses the market average of 16.4%. Delve into the full analysis future growth report here for a deeper understanding of TerraVest Industries. Insights from our recent valuation report point to the potential overvaluation of TerraVest Industries shares in the market. Delve into our full catalog of 38 Fast Growing TSX Companies With High Insider Ownership here. Ready To Venture Into Other Investment Styles? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include TSX:GSY TSX:NOA and TSX:TVK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Globe and Mail
03-03-2025
- Business
- Globe and Mail
goeasy Ltd. Announces Appointment of Dan Rees as Chief Executive Officer
Experienced Canadian Banking Executive Brings Expertise in Business Transformation and Driving Growth MISSISSAUGA, ON , /CNW/ - goeasy Ltd. (TSX: GSY), (" goeasy" or the " Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with near to non-prime credit, is pleased to announce the appointment of Dan Rees as Chief Executive Officer. Dan Rees joins goeasy following a successful 25-year career with Scotiabank where he held progressively senior executive roles. From 2019 to 2024, Dan served as Scotiabank's Group Head of Canadian Banking where he demonstrated a track record of driving impressive results while leading the largest revenue portfolio of $13 billion and a lending portfolio of approximately $450 billion at the bank. He oversaw eight distribution channels spanning retail, small business, commercial and insurance for Canadian Banking, and ultimately strengthened the bank's competitive position. His tenure was marked by generating new revenue opportunities, developing continuous improvement initiatives, and boosting Scotiabank's customer satisfaction ranking to a lead position amongst Canada's big banks. Dan will officially join the Company on March 3, 2025 , and will assume responsibility in May of 2025 after a transition period. "Dan is the first external CEO to lead our organization in 25 years, and his appointment is an exciting milestone and signal of goeasy's ambition," said David Ingram , goeasy's Executive Chair, "Dan brings a depth of experience in financial services that was unmatched by any other candidate, and he will be exceptionally positioned to lead our business through its next stage of growth. His entrepreneurial approach aligns well with our culture, and his addition strengthens the executive team on their journey to expand our existing products and channels of distribution to become the largest and best performing non-prime lender in Canada and beyond," Mr. Ingram concluded. In recent years, Dan's notable achievements include establishing strategic partnerships such as the Scene loyalty program with Sobeys, was prime on the Canadian Tire Bank relationship which culminated in the sale of ownership back to Canadian Tire, and oversight of the centralization and consolidation of the bank's legacy operational functions leading to gains in operating leverage and efficiency. In his last role, Dan also had accountability for the digital challenger-bank platform Tangerine where he more than doubled revenue and earnings, and the number one automotive finance business in Canada including Scotia Dealer Advantage which provides near and non-prime lending solutions through auto dealers. Dan's specific and diverse combination of experiences in financial services will enhance goeasy's market-leading revenue growth and ambition to scale the loan portfolio from $4.6 billion at the end of 2024 to between $7 billion and $8 billion by the end of 2027 through product and distribution channel expansion, including a revolving card product, a quest for streamlined operations leading to superior customer experiences, all while continuing to deliver exceptional value to the Company's shareholders. Prior to being appointed Group Head of Canadian Banking, Dan held several executive positions within Operations, Risk, Global Banking & Markets, Human Resources and Retail Banking. Dan holds an Honours Bachelor of Economics and Commerce from Queen's University and a Master of Science in Management from The London School of Economics . "I am excited to join goeasy and grateful for the opportunity to lead this incredible Canadian company," said Dan Rees , goeasy's incoming Chief Executive Officer, "I have admired the evolution of goeasy for some time now and look forward to being a part of the unique culture, and the commitment to improve the lives of everyday Canadians. I am energized by the incredible potential to drive growth and further enhance the experience for our customers and employees." About goeasy goeasy Ltd. is a Canadian company, headquartered in Mississauga, Ontario , that provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. Supported by over 2,500 employees, the Company offers a wide variety of financial products and services including unsecured and secured instalment loans, merchant financing through a variety of verticals and lease-to-own merchandise. Customers can transact seamlessly through an omni-channel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals, through over 10,800 merchant partners across Canada . Throughout the Company's history, it has acquired and organically served approximately 1.5 million Canadians and originated over $16.0 billion in loans. Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards in recognition of its exceptional culture and continued business growth including 2024 Best Workplaces™ in Financial Services & Insurance, Waterstone Canada's Most Admired Corporate Cultures, placing on the 2024 Report on Business ranking of Canada's Top Growing Companies, ranking on the TSX30, Greater Toronto Top Employers Award and has been certified as a Great Place to Work®. The Company is represented by a diverse group of team members from over seventy nationalities who believe strongly in giving back to the communities in which it operates. To date, goeasy has raised and donated over $6.3 million to support its long-standing partnerships with BGC Canada and many other local charities. goeasy Ltd.'s. common shares are listed on the TSX under the trading symbol "GSY." goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody's. For more information about goeasy and our business units, visit For further information contact: SOURCE goeasy Ltd
