We noticed RJR's stock⬆️4.7% today, so we checked their results to see if it's worth 🥳🎉

◾️RJR Group relied on cost✂️ to drive profitability as income🔻
◾️Print📰segment heavily hit by Covid
◾️Group's revenues shifting to Audio. Was almost 50/50 now ~42% of sales from print Image
The company is reporting that
◾️Advertisers cut spending in almost every category of business with events being cancelled/postponed

◾️Which is probably why you're seeing the push to drive online subscription revenue🤔
◾️Too slow and not organized / aggressive enough I think Image
During Q3 Dec 2020 they
◾️⬆️stake to 50% in parent of Gustazos (ecommerce platform that sells products)
◾️Agreed to acquire 10% stake in ePost Caribbean (offers digital mktg tools incl. newsletters, social media campaigns, online surveys, ecommerce for small biz, online ads etc) Image
How did they perform this qrtr?

⚫️Revenues🔻6% or $99m
⚫️Print segment📰revenues🔻20% / $145m
⚫️Audio revenues📺📻🎙️up 5% / $46m
⚫️Other income🔻$32m or 86% also related to Print income falling
◾️Expenses were 🔻or ✂️due to efforts to contain costs (or due to the slowdown in demand)
◾️Admin expenses⬆️$45m / 15%
◾️Profits⬆️59.7%
◾️Group continues to make investments in its business using up majority of its operating cash flow

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More from @MoneyMax101

18 Feb
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
15 Feb
Massy Group Q1 Dec 2020

🔲Revenue⬆️1.4% to TT$3.2b
🔲Profit⬆️13% to TT$188m

Massy Group is an investment holding / management company with three main investment portfolios:
🔲Integrated Retail
🔲Gas Products &
🔲Motors & Machines
🔲as well as other legacy lines of business Image
🔲Geographically, 38% of revenue came from T&T, Barbados 22%. Jamaica only 4%

🔲Over 60% of the group's revenue this qrtr came from Integrated retail

🔲Business has positive Operating Cash Flow, but Free Cash Flow may be negative due to its Investing Activities (not broken out) Image
Integrated Retail includes
🔲Stores - 47 retail locations in 5 markets in the Caribbean
🔲Distribution - services supermarkets, groceries, pharmacies, hospitals, variety stores etc
🔲Trading - manages the distribution of various product lines Image
Read 5 tweets
3 Feb
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

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