Chesswood Group Ltd

Sound bite for Twitter and StockTwits is: Finance Sector Stock. Debt Ratios are unknown. Dividends were terminated this year. There will be no Dividend Payout Ratios (DPR). See my spreadsheet on Chesswood Group Ltd.

Is it a good company at a reasonable price? This stock has currently been delisted. It is hard to know its future at the moment.

I do not own this stock of Chesswood Group Ltd (TSX-CHW, OTC-CHWWF). A reader wrote me in 2012 that he was researching and found a company that he hoped I could give him a brief outlook on. He said that the company is Chesswood Group and they are basically a financial leasing company. From 2009 to 2012 they increased their dividends from 2.5 cents to 5.5 cents per month. This is a 120% increase.

When I was updating my spreadsheet, I noticed that the company is required to refile and restate its interim condensed consolidated financial statements for the three months ended March 31, 2024 and 2023. See news on Newswire. Since stock prices stop in August 15, 2024, the stock must have been delisted. See news on Newswire.

Basically, it is unknown what the value of any shares are worth and it would seem to company is winding down. It seems to be going through a bankruptcy process, so it is hard to know what the future holds for this company.

Dividends were terminated this year. There will be no Dividend Payout Ratios (DPR).

Debt Ratios are unknown.

The Total Return per year to the end of 2023 is of no value as the stock has been delisted and probably has a value of 0.

Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Its web site is here Chesswood Group Ltd.

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