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Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWF

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.


TSX:CHW - Post by User

Post by Nashville35on Aug 25, 2021 7:30pm
231 Views
Post# 33765568

big insider buying returns to CHW

big insider buying returns to CHWin the month of august 2021, the following insider BUYs have taken place (no SELLs):

chairman ed sonshine - has bought 40,000 shares at avg $11.70 both personally and thru comrev investments

director (and former chairman) fred steiner - increased position by 43%

ceo ryan marr - purchased another 9,700 shares at avg price of $11.60

daniel wittin - who moved over when chw bought vault - 21,400 shares both personally and thru holding company.

the ceo is now up to almost one million shares in ownership, chairman sonshine is at 1.9 million shares and daniel wittin at ~1.9 million.  that is ~28% of total shares outstanding.   not sure if holdings companies of mssrs sonshine and wittin are reported separately, as this also showing same level of ownership (1.9 million each), which wud put insider ownership much higher.

either way, when two most senior directors and two most senior executives are adding to already large ownership positions, and they have day to day visibility into the business and are crafting the strategy, happy to stay long...

think this cud be a +$20 stock by end of 2022 based on growth in loan book and further diversifying and lowering cost of funding.
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