Chesswood Group Ltd T.CHW

us market for chw getting better

[Nashville35]

lending conditions continue improving in us market.  

https://www.monitordaily.com/news-posts/elff-equipment-finance-industry-confidence-hits-all-time-high-in-april/

jp morgan qrtly call:  "We released approximately $5.2 billion of reserves this quarter as recent economic data has been consistently positive, indicating that the recovery may be accelerating faster than we would have thought just a few months ago."

us govt is also now even giving ppp loans to companies in bankruptcy.  https://www.propublica.org/article/ppp-loans-bankruptcy

[419lornestreet9]

i think Pawnee/Tandem will do very well in the coming quarters. I see that confidence indicator is at an all-time high. They did 4% receivable growth last quarter - i cannot imagine them being less active in Q1! i was looking at CHW dividend payout as a percentage of maximum allowable dividends. going back to pre-pandemic, it looks like they were getting more conservative and opted not to

[Nashville35]

good thoughts. looking historically, us business pawnee (and now with tandem) has alwys been the good business with a long track record.  the canada business was up and down, and seemed lacked management focus.    CHW has paid out a lot of dividends to shareholders in the past 15 years, and underlying business actually pretty stable,   but book hadn't really been

[419lornestreet9]

that is a good point re: dividend + share repurchase = $0.08/share dividend. I suppose I would also prefer capital gains to dividend - maybe they use the share repurchase as a capital return mechanism going forward to be more flexible. I am looking forward to seeing the share repurchase data next week (hopefully) and then Q1 release the following week (again - hopefully).