Professional
Added to YB: 2024-07-16
Pitch date: 2024-07-15
XSHLF [bearish]
XS Financial Inc.
-10.44%
current return
Author Info
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Company Info
XS Financial Inc. operates as an equipment financing company, providing tailored capital solutions and lease facilities to businesses.
Market Cap
CAD 3.8M
Pitch Price
CAD 0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.36
P/E
-1.23
EV/Sales
6.05
Sector
Financial Services
Category
special_situation
Show full summary:
Bengal Capital Portfolio Holding: XS Financial Inc.
XSF: Cannabis lender w/ good mgmt & underwriting, but hit by industry capital crunch. Equity down 54% on $0.05265 CAD take-private bid. Convertible debt repaid at par + interest. Overall -20% loss. Lesson: be warier of capital market volatility. Deal expected to close by Sept 2024.
Read full article (2 min)