more repurchases in septemberbought back 68k shares in september, which was 26% of CHW tsx volume for the month.
for combined august and september, insider purchases adn buybacks were ~40% of total volume.
repurchases are limited by daily volume (no more than 25% of trailing six month daily avg).
spent $831k in august and $790k in september on repurchases. board has option to choose allocation between buybacks and dividends, according to sedar documents. for august and sep, spent about $500k on dividends/month and ~$800k on buybacks each month. even with cap of 40% of earnings/free cash allocated to dividends, still have room to hike dividend a lot post year end.
ELFA (equipment leasing and finance association) put out latest industry update for equipment finance industry in us. industry conditions still in good shape. for the sample of equipment finance companies that report to them, Receivables over 30 days were 1.8 percent, down from 1.9 percent the previous month and down from 2.4 percent in the same period in 2020. Charge-offs were 0.23 percent, up from 0.18 percent the previous month and down from 0.75 percent in the year-earlier period.