Little-Known Canadian Financial Stock Story That Deserves To Be Told

Olympia Financial Group Inc. (TSX:OLY) shares have surged more than 53% since Capital Ideas wrote about the company 16 months ago

Capital Ideas Media | August 8, 2022 | SmallCapPower: Occasionally, we come across a stock we’ve never heard of, with no analyst coverage that we know of, but that has quietly done well for its shareholders over the past few years. These are stories we live for as stock market investors.

This week we’ve found one in Olympia Financial Group Inc. (TSX:OLY).

(Originally published on Capital Ideas Media on March 30, 2021)

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[Editor’s Note: Shares of Olympia Financial Group have surged more than 53% since Capital Ideas wrote about the company 16 months ago.]

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Calgary-based Olympia Financial, which operates mainly through its non-deposit taking trust subsidiary Olympia Trust Company, provides services for its clients that include:

Private health insurance for small business owners;

Administration of registered plan accounts, including RRSPs, RRIFs, LIRAs, LIFs and TFSAs, which contain exempt market securities and arm’s length mortgages;

Facilitating corporations and private clients in buying and selling foreign currencies at competitive rates;

Providing information technology services to exempt market dealers, registrants and issuers and;

Providing transfer agent and registrar services to public and private issuers across Canada.

Its stock price, meanwhile, has appreciated more than 200% over the past five years, excluding dividends.

By the way, its shares are currently yielding 6.2% [now 5.4%], which will provide investors with some income to ride out any market volatility.

A drawback of this stock is its lack of liquidity, although the Company’s tight capital structure (just 2.4 million shares outstanding, about 32% of which are owned by company executives and directors) could be beneficially for the small retail investor who just wants to take a tiny stake.

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