Chesswood Group Ltd T.CHW

Alternate Symbol(s): CHWWF

Financial Services

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance, including equipment finance throughout North America and vehicle finance and legal sector finance in Canada, as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee), Tandem Finance Inc. (Tandem), Vault Credit Corporation (Vault Credit), Rifco National Auto Finance Corporation and others. Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through a third-party broker channel. Tandem, which sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States. Vault Credit provides commercial equipment financing and loans to small and medium-sized businesses across Canada.

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Chesswood Group Ltd

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Post by woolcoon Sep 30, 2020 10:19am

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Post# 31641126

look at last quarter results....very solid

Financing today shows company is healthy..see below reported in August......great rates and significant $$. Cash flow now in place to re-instate divy...

inancial Highlights	For the Three Months
(in CDN $000's, except EPS)	Ended June 30
	2020	2019
Adjusted Operating Income(1)	$2,823	$7,178
(Increase)/decrease in Allowance for Credit Losses	5,294	(616)
Amortization – intangible assets	(333)	(333)
Operating income (loss)	7,784	6,229
Goodwill impairment	-	-
Restructuring and transaction costs	(5,776)	-
Mark-to-market adj. on swaps/caps	133	(626)
Other non-cash items	19	58
Income (loss) before taxes	$2,160	$5,661

Net income (loss)	$1,407	$3,894
Earnings Per Share - basic	$0.08	$0.22