• Somebody bought a LOT of Jamaican Teas (JAMT)🤫
• Palace Amusement (PAL)🔻8.5% today. It's now down
○ -20% in March
○ -24% in Feb
○ -19% in Jan
• Over 60% in 3 months😣
• PROVEN is🔻to $30 range (it was closer to $40)
• It took a steep fall, since the start of March, presumably after its APO volumes hit
In T&T 🇹🇹
• GraceKennedy (which trades as GKC) saw a major +11% jump. It's a big deal for the stock (on this exchange)👏
• Guardian is on track for one of its best months as the stock jumped another 5.2% to a new high of $25🙌
Sagicor Jamaica suffers a brutal 71% chop🪓 in Profits For 2020 mainly due to its investment in Tourism business Playa
Sagicor does
▪️ Insurance💊💉🩺🩸 (life, health & others) and
▪️ It owns 14.87% of Playa (hospitality) 🏨🛏️🚣🏝️
For the entire 2020 its profits are🔻71%, mainly due to a gigantic J$10 BILLION loss on its investment in Playa
Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) 🏨🛏️located in Mexico🇲🇽, Jamaica🇯🇲, and the Dominican Republic🇩🇴
In Jamaica, Playa owns and manages
▪️ Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall
▪️ Hilton Rose Hall Resort & Spa
▪️ Jewel Grande Montego Bay Resort & Spa and
▪️ Jewel Paradise Cove Beach Resort & Spa
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
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
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.
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
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
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)
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
🔲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)
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
#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.