Advantex Marketing International Inc. (C:ADX)
Business Focus: Consumer Lending (NEC)
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Insider Filings
Latest 10 SEDI filings for ADX within the last 6 months
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Company News
Mar 18, 2024 18:08 ET
Advantex Announces Amendment to Debentures
TORONTO, March 18, 2024 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, announced it has obtained requisite approval from holders of its 9% Senior Secured Non Convertible Debentures ("Debentures"), in the principal aggregate amount of $7,759,000 and maturing December 31, 2025, to defer the interest due in March 2024 where the deferred interest shall be paid in four equal instalments along with the regularly scheduled semi-annual interest payments due over the remaining term of the Deben
Feb 22, 2024 16:50 ET
Advantex Announces Business Update
TORONTO, Feb. 22, 2024 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, is pleased to announce that it has closed its private placement of a secured non-convertible debenture for gross proceeds of $300,000 to an arm's length party (the "New Debenture").
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
0.49
1.95
5.00
Price to Book - most recent quarter
--
2.64
1.62
Price to Cash Flow per share - TTM
--
9.95
9.03
Price to Free Cash Flow per share - TTM
--
14.11
20.95
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 4,987 | 0 |
| Mar 31, 2024 | 4,987 | -165 |
| Mar 15, 2024 | 5,152 | 0 |
Business Summary
| Sector: Financials | Industry: Consumer Lending |
Advantex Marketing International Inc. is a Canada-based company, which provides working capital to merchants. The Company also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants. It operates through two segments: Merchant cash advance (MCA) program and Aeroplan program. In the MCA program, the Company provides merchants with working capital through pre-purchase, at a discount, of merchants' future cash flows. The Company is a re-seller of Aeroplan Points. It sells Aeroplan Points to merchants who are small and mid-sized retailers and service providers. The Company's merchants operate across Canada in diverse business segments: restaurants; independent inns, resorts and selected hotels; spas; retailers of men's and ladies' fashion, footwear and accessories; florists and garden centers; health and beauty centers; gift stores, and home decor.
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