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Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWQ

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.


TSX:CHW - Post by User

Post by 419lornestreet9on May 03, 2021 5:46pm
160 Views
Post# 33119983

Buybacks Stopped

Buybacks StoppedSEDI filing was today. Chesswood repurchased 11,000 shares in April costing them $104k. Last day was April 8th, when they purchased 600 shares, which happened to be the day the merger was announced and when the stock began to run. This tells me that we will be getting a larger monthly check come June.

Hoping for a good Q1 print. My wishlist:
  • Improving USD originations (Pawnee/US Q/Q growth > 5% Q/Q)
  • Maintaining (or expanding) the $650MM+ origination guidance.
  • $6MM+ Quarterly FCF
  • $0.08/month dividend
Less fussed about the final bullet and more focused on the first three (the second in particular).
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