Chesswood Group Ltd CHWWQ

Financial Services Asset Management

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); Waypoint Investment Partners Inc. (Waypoint), Chesswood Capital Management Inc. and Chesswood Capital Management USA Inc. (CCM USA); Rifco National Auto Finance Corporation, and 1000390232 Ontario Inc (Easy Legal). Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through the third-party broker channel. Tandem sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States.

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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