Discover and read the best of Twitter Threads about #financetwitterja

Most recents (24)

1. BUY GIFTS EARLY: Global supply shortages are delaying deliveries so order early. More tips:…

#CyberMondayAmazon #CyberMonday #finance #Blog #MONEY #mondaythoughts #holiday #shoppingstar #Investor 1. BUY GIFTS EARLY: Global ...
2. SET A CHRISTMAS DAY BUDGET: Plan ahead & ask family to bring supplies. More tips:…

#tuesdayvibe #finance #blog #blogger #WritingCommunity #christmas #holiday #budget #MONEY #Investor #timidbee 2. SET A CHRISTMAS DAY BUDG...
3. PUT MONEY ASIDE FOR HOLIDAYS: Save for the holidays in a separate account. More tips:…

#wednesdaythought #Wednesday #holiday #MONEY #finance #blog #WritingCommunity #christmas PUT MONEY ASIDE FOR HOLIDAY...
Read 6 tweets
#FinanceTwitterJa Here is a thread on Dolla Financial Services Limited Initial Public Offering. Firstly, Dolla is being offered at $1.00 JMD per share.…
The company is seeking to raise $250 million through the issuance of 250 million shares. First Rock Global Holdings Limited T/A First Rock Private Equity (FRPE) and DeQuity Capital Management Limited are selling 250 million shares. The offer is capitalized at $500 million JMD.
Dolla is a subsidiary of FRPE and associate of DeQuity Capital. Dolla owns a wholly owned subsidiary called Dolla Financial Services (Guyana) Inc. based in Georgetown, Guyana. Dolla has 8 branches in Jamaica and has a consolidated net portfolio of $870.26 million as of March 2022
Read 30 tweets
#FinanceTwitterJa $JFP.ja JFP Limited released their first quarter (Q1) financials which was published on the @jastockex today. However, the financials which were apparently prepared by their auditors bring more questions than answers.
Firstly, the share capital saw an increase of $280 million before transfers and transaction costs. Now, the IPO had 140 million shares being issued by the company and 140 million being sold by JFP Property Investments Limited. How can the share capital record an increase of$280m? ImageImage
Hence, net cash in issuance of shares ($215 million) should be reduced by $140 million which would be a material adjustment. JFP Property was an existing shareholder with the number of shares up 140 million. Image
Read 5 tweets
It's that time of the year again!!!

Tonight we will be awarding the Best Performing Companies in 2020 at the JSE Best Practices Award.

Very proud of the team in selecting these companies.

Tune in and tell us your picks for the awards.


Which company listed on the JSE will win the Best Annual Report award?

Which company listed on the JSE will win the Corporate Disclosure and Investor Relations award?


Read 5 tweets
#FinanceTwitterja Where you at?

Tonight we will be awarding the best performing companies on the stock exchange in several categories from websites to financial performance...

I will be tweeting throughout the event.

Which company was the best performing company 2020 for you?
Member Dealer Award: Revenue Generation and Market Activity

1st Runner-up: Sagicor Investment
2nd Runner-up: Barita

Member Dealer Award: Investor Relations Stock Brokerage

WINNER: GK Capital
1st Runner-up: Barita
2nd Runner-up: Proven Weath

CONGRATS @GraceKennedyGrp and @dgwehby
Read 19 tweets
A Dividend Reinvestment Plan (DRP) is a program that gives existing shareholders the option to acquire additional shares in a company instead of being paid a dividend. Learn more…
#timidbee #Finance #mondaythoughts #MondayMotivaton #investment #MONEY #IPO
How does Dividend Reinvestment Plan work?…

📌company declares dividend
📌 It decides on the price of additional shares
📌 It uses ur dividend payment to purchase these shares
📌 u receive additional shares in the company instead of cash

#wednesdaythought How does Dividend Reinvestm...
Here are the good, the bad and the ugly of Dividend Reinvestment Plans. Summary below and details here:…

#timidbee #finance #fridaymorning #investing #MONEY #COVID #DigitalMarketing #cryptocurrencies #StocksToWatch #cashback Here are the good, the bad ...
Read 7 tweets
What does this mean?

Per @J_Skally’s request I will attempt to “ELI5” (Explain Like I’m 5).

The way modern economies work is that the Central Bank 🏦 controls the amount of money in the financial system.

They have many tools. One is the “key policy rate”.

The Central Bank (CB) is the bank for all banks and other financial institutions.

When you deposit cash at Bank A, a chunk of that cash is deposited at the CB in the account for Bank A.

The CB also tells all the banks how much of their deposits…
they need to store with them.

When Bank A deposits cash with the CB, the CB pays Bank A interest according to their “key policy rate”.

Bank A also takes your deposits and lends them out. They lend them out as credit cards, mortgages, various loans, etc.
Read 20 tweets
Simple lifestyle changes can lead to huge monetary savings 🙌🏾. Practice these 'TOP 5 MONEY SAVERS '. Link in the BIO or…

#timidbee #investing #StockMarket #Finance #mondaythoughts #mondayreport #MONEY #Crypto #cryptocurrency #DigitalMarketing #COVID19
Simple lifestyle changes can lead to huge monetary savings 🙌🏾. Practice these 'TOP 5 MONEY SAVERS '. Link in the BIO or…

#timidbee #investing #StockMarket #Finance #mondaythoughts #mondayreport #MONEY #Crypto #cryptocurrency #DigitalMarketing #COVID19 Simple lifestyle changes ca...
Dont be Penny wise and pound foolish. Use these ''Top 5 ways to save money now"…

#timidbee #finance #business #tuesdayvibe #Entrepreneurship #investing #FinanceTwitterJa #crypto Dont be Penny wise and poun...Dont be Penny wise and poun...
Read 4 tweets
1/ Central Bank Digital Currencies (CBDCs).
What are they?

Why is GOJ & BOJ pursuing them?

Today we are going to dive into CBDC, how it might impact Jamaica & your portfolio.

#FinanceTwitterJA #BILNewsletter #BaritaMoneyIQ #BaritaInsights

// 🧵
2/ A digital currency is simply digital money. The most popular are cryptocurrencies (Bitcoin, Ethereum, etc.).

The main benefit of cryptocurrencies is the fact that they are decentralized (i.e. not controlled by any one institution).
3/ Secondary benefits are the fact that money can be sent around the world at a fraction of the cost of traditional wire transfers and much faster.

As a result of those benefits, investors and consumers have flocked to cryptocurrencies in droves over the last decade.
Read 12 tweets
We’re baaack!

#FinanceTwitterJa 🧵 Image
2: Oh, boy…it’s been a strange and really busy time with many things going on all at once, so please bear with us!
3. Although we’ve kept you abreast in several other ways, the last time we took a comprehensive look at inflation trends with a thread here on Twitter, believe it or not, was last November! 🤦🏾‍♂️Let’s catch up from there.
Read 20 tweets
💰Savings and Debt Management - Tips 💰

Here are some tips to help you take control of your finances, increase savings and manage debt

These tips may not work for every situation, however, can be adapted to suit each persons needs


Tip #1 - Start a Budget

You probably guessed this first one. It's obvious, it works but many are not sure how to start and how to remain consistent. A budget doesn't mean you are perfect with your means you consistent track and measure where your money goes


If you spend more than budgeted, think about why it happened and try to put measures in place to stop the habit or mitigate against the decision for the next month.

Also, look for patterns of spending that represent opportunities for savings.

Read 9 tweets
BOJ's focus on inflation targeting and management of the FX market both have a context, and that context, as we have explained before, is the ongoing economic reform programme supported by both political parties and built on the sacrifice of the Jamaican people: 🧵
2. It is the existence of that economic reform programme - fiscal discipline, a flexible exchange rate, inflation targeting, and all - that provides the economic resilience to ensure that the pain of 1 year of COVID-19 and counting is not a hundred times worse.
3. The first and most important thing on the list was a radical shift away from debt-dependence and fiscal dominance towards fiscal responsibility and returning to a private-sector fuelled economy. Without this step first, nothing else on the list would have been possible.
Read 8 tweets
I am going to pull the curtain back on the design of #Budget2021. There are some strategic decisions made throughout and the budget tells us a story about GOJ’s thinking.

It’s interesting digging into the story so we can understand the mindset.

//MEGA Thread

This is a very important budget for the following reasons:

- GOJ revenues are expected to fall by $70B or ~12% in FY 20/21
- GOJ expenses increased by ~$24B due to COVID
- PIOJ expects GDP to fall by 12% this FY ending March 31.
- GOJ had to do more, with less in the current FY.
- Due to prudent decisions by the MoF, GOJ had deliberately set aside $90B to pay down debt. That was ultimately used to cushion the revenue fall off and increased expenses due to the crisis.
- Despite these prudent decisions that helped with the heavy lifting re: spending...
Read 23 tweets
1. Creative Risk Reduction Measures

The 3 Principles to Build Personal Wealth Are:

1. Make Money
2. Save Money
- Emergency Savings - to handle everyday, relatively minor non-budgeted expenses (replacing tech devices, buying meds, replace a car part, etc.).

2. Save Money continued
- Insurance - protect your savings and investments from major non-budgeted expenses (car accidents, hospital visits, natural disasters, etc.)

3. Invest Money
For a country it's similar. They make money from tax revenue. Savings have to be intentionally set aside (see the $90B GOJ used last year), and insurance needs to be acquired to handle shocks (e.g. weather or commodity shocks).
Read 17 tweets
Future Energy Source Company #IPO
⚫️500m new shares @ $0.80 each (J$400m target)
⚫️35% (175m reserved for general public)

⚫️Opens Feb 25th. Closes Mar 3rd

FESCO is a Jamaican owned, fuel distribution company, licenced and operating
in Jamaica.
#FinanceTwitterJa Image
FESCO was incorporated and registered with the Companies Office of Jamaica on Feb 4, 2013 and made its first fuel sale in Nov 2013

In 2014, the first FESCO branded Service Station was
unveiled in Mandeville. There are now fourteen
(14) branded Service Stations islandwide Image
FESCO is a Jamaican owned, fuel distribution company, licenced and operating in Jamaica.

They have partnered with some dealer-owned dealer-operated Service Stations and company invested-dealer operated Service Stations to brand their stations as FESCO Service Stations.
Read 16 tweets
CIBC Halts US$797 Million Caribbean Sale as Regulators Reject Deal

Canadian Imperial Bank of Commerce is now stuck with a business that had been declining in value

@business Image
#CIBC announced the sale of the two-thirds stake in CIBC FirstCaribbean to a company run by Colombian billionaire Jaime Gilinski in Nov 2019
The deal, would have left CIBC with a 25% stake in the #Barbados-based bank. This valued FCIB at about US$1.2 billion, less than half of its $2.8 billion value when CIBC took over most of the business.
Read 4 tweets
MSMEs & SMEs that sell consumer packaged goods directly to their customer via e-commerce should include a margin in their delivery fee.

I.e. do NOT charge your customer whatever the bearer charges you. Charge more.

You aren’t greedy, but prudent.


I am going to make a few assumptions here:

- You want to build an independent, growing, profitable business.
- You don’t have deep pockets.
- You don’t want to physically deliver yourself.
- You are doing your own fulfillment.
- You want to provide great customer svc.
I am not speaking to delivery only companies like QuickPlate, etc.

I am also not speaking to large companies that can subsidize cheap/free delivery with high margins on their products or with deep pockets.

With those out of the way, let’s dive in.
Read 20 tweets
I am going to pull the curtain back a bit on some ‘inside baseball’ currently happening in our local financial markets around the Derrimon $DTL.ja APO.

This is ‘dot connecting’ on corporate maneuvering.

Read below, there is a lot going on.


So let’s go back to the early days of 2013 when $DTL.ja initially went public.

The lead broker was Mayberry Investments at the time.

The listing was very successful and the offer closed within 3 minutes of opening.…
Mayberry Jamaican Equities ( $MJE.ja) took a big position in $DTL.ja.

In fact, they are the second largest shareholder as of today.
Read 17 tweets
This bill that Dr. Clarke introduced to, and got passed by, the House, basically gives all registered MSMEs (companies with annual revenues of $500M JMD or less), a tax credit on the first $1.5M of profits they earn.


In other words, if your company makes $10M revenue and $1.5M profit, you effectively pay no corporate income taxes.

The corporate tax rate is 25% for non-financial firms. $1.5M x 25% = $375,000.

This is a tax credit, so effectively GOJ pays the tax for you.
You have to file your taxes though, to benefit.

Dr. Clarke initially introduced this idea in the opening of the budget debate in March.

See the tweet below:
Read 6 tweets
This article by @drnigelclarkeja is such an important article about the recent BOJ Amendments Act & establishing the Independent Fiscal Commission that I feel compelled to do a thread explaining some key components.


GOJ has prioritised 2 complementary institutional reforms: (i) Tabling legislation for the establishment of an Independent Fiscal Commission to strengthen JA’s Fiscal Responsibility Framework; and (ii) creation of an independent BOJ with an explicit mandate for price stability.
The key takeaway here is the following:
- Two key initiatives have been wildly successful for JA’s economic reform across administrations over the last 11 years: Inflation Targeting by @CentralBankJA and the establishing of @EPOCJA to monitor GOJ’s progress.
Read 25 tweets

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