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Profile - Altiva Financial Corp. (OTC BB:ATVA.OB)
As of 31-Aug-2001
Enter symbol:
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More Info: nothing available.
Location
1000 Parkwood Circle, Suite 600
Atlanta, GA 30339
Phone: (770) 952-6700
Fax: (800) 694-6346
Employees (last reported count): 267
Financial Links
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 63%
·Institutional: 0% (0% of float)
(2 institutions)
·Net Inst. Selling: 1.36M shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Altiva Financial Corporation is a specialized consumer finance company that funds, purchases, makes and sells consumer loans secured by deeds of trust on single-family residences. Historically, the Company retained the right to service a substantial portion of the loans it has sold. The Company's borrowers generally do not qualify for traditional "A" credit mortgage loans. The Company has one wholly owned operating subsidiary, The Money Centre, Inc. The Company makes sub-prime residential mortgage loans for the purpose of debt consolidation or creating liquidity from the borrower's home equity. The type of loan products offered by the Company are determined by their profitability and the liquidity of the after-market for loan sales. As such, the Company's current product mix is comprised primarily of first and, to a lesser extent, second mortgage products that have combined loan-to-value of up to 100%.
More from Market Guide: Expanded Business Description

Financial Summary
Altiva Financial Corp. is a specialized consumer finance co. that funds, purchases, makes and sells consumer loans secured by deeds of trust on single-family residences. For the six months ended 2/29/00, revenues totalled $5.3 million, vs. expenses of $169 thousand. Net loss before extraordinary item increased 2% to $5.8 million. Revenues benefitted from loan production by The Money Centre, Inc. Higher loss reflects increased payroll due to the acquisition of The Money Centre.
More from Market Guide: Significant Developments

Officers
FY1999 Pay

Edward Meyercord, 59
Chairman and CEO
$557K
J. Walker, 53
Exec. VP and CFO
184K
Dollar amounts are as of 31-Aug-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:ATVA.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 7-Dec-2000
$0.001
Recent Price$0.003
52-Week High
on 18-Dec-2000
$0.11 
Daily Volume (3-month avg)4,591 
Daily Volume (10-day avg)0 
Stock Performance
26-Week Change-40.0%
26-Week Change
relative to S&P500
-34.7%
Share-Related Items
Market Capitalization$31.0K
Shares Outstanding10.3M
Float3.80M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 10 on 23-Mar-1999
Per-Share Data
Book Value (mrq)$5.25 
Earnings (ttm)-$3.83 
Earnings (mrq)-$0.81 
Sales (ttm)$0.94 
CashN/A 
Valuation Ratios
Price/Book (mrq)0.00 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$3.34M
EBITDA (ttm)-$19.8M
Income available to common (ttm)-$13.4M
Profitability
Profit MarginN/A 
Operating MarginN/A 
Fiscal Year
Fiscal Year EndsAug 31
Most recent quarter29-Feb-2000
Management Effectiveness
Return on Assets (ttm)-11.62%
Return on Equity (ttm)-60.17%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)4.08 
Total Cash (mrq)-$173.0K
Short Interest
As of 8-May-2000
Shares Short0 
Shares Short
(Prior Month)
4,000 
Daily Volume0 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 29-Feb-2000)

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