Automotive Finco Corp V.AFCC.H

New Investor

[JayBanks]

So I after sitting, waiting and watching I've finally entered a position with a few thousand since we have flatlined at $2 for a while.

I figured after a while of going sideways this may break upwards again, reopening is in much better shape, and I'm comfortable with the dividend payout. Also I want to receive official mailed circulars to gather more info I can't find online.

Hope there are still some people hanging around to discuss this companies progress with me going forward.

[DemDem]

I have owned 15,750 AFCC.H shares for a very long time. I must admit that nothing has been happening in this company for a long time. However, the book value remains good, it has no debt and the dividend is constant. Will this company eventually find dealers to lend to one day? The question is valid. For now, I'm hanging on to a dividend that is close to 10% and the fact that my average

[JayBanks]

When I started following this company I heard that the car dealerships they have lent to are somewhat in a close circle to management of this company (friends/family). The hope being that they expand coverage into a wider range of dealership lending especially with a new wave of selling of cars with EVs coming out. I'm personally not a fan of car companies as it's rather capital intensive

[DemDem]

Your sources are correct.

[babedinkleman]

This post has been removed in accordance with Community Policy

[babedinkleman]

This post has been removed in accordance with Community Policy

[JayBanks]

So I got wind of this company after 2 mentions of the company on Market Call or anouther show on BNN. One the mentions they gave a strong profile of what this is and the outlook of it, then the 2nd time I seen it come up the mention of the insider workings and investments and what it would mean if they got broad exposure. I also read on Internet article and profile on them months ago I can&

[babedinkleman]

This post has been removed in accordance with Community Policy