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Automotive Finco Corp V.AFCC.H

Alternate Symbol(s):  RMIAF

Automotive Finco Corp. is a Canada-based specialty finance company, which is focused on the auto retail sector. Through its investment in Automotive Finance LP, the Company provides long term, debt-based acquisition financing to auto dealerships across the globe, with an initial focus on Canada. In addition to its interest in Automotive Finance LP, the Company also focuses on other direct investments and financing opportunities across the auto retail sector.


TSXV:AFCC.H - Post by User

Comment by JayBankson May 07, 2021 1:33am
150 Views
Post# 33150141

RE:Moving to the NEX?

RE:Moving to the NEX?

Do you have any links for this report?

To my understanding from a fund manager on BNN, they give loans and to a few dealerships and receive royalties on the business. Apparently the current partners are all in a tight nit group with a close relationship, I forget the association might be family. But apparently the pandemic started at a time they were just starting to look at branch out and make partnerships with more dealerships and franchises and so things were put on pause.

Ive been interested in the company, and was hoping that the price would flatline as I become more comfortable with them and understand thier numbers and reports. The fact that they keep gaining in small amounts keeps me on the sidelines as I don't fully understand what it is moving on unless it's yeild chasers which sometimes I'm guilty of but I'm trying to be better.

So I would be interested in reading the report/rumour your mentioning so I can see what to look out for.

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