Interesting feature by @TheEconomist Today about a guy who used to donated his sperm😆 in the 80s for some extra cash while in college💰🤑

He said he used to get ~US$500 a week, and over about 4 to 5 years he made US$200k - US$300k

Talk about multiple streams of income
He's thinking he has at least 60 children out there🤔🤰

🇺🇸America's sperm industry is unregulated🤨 - who can donate, how often & how much they pay

Should this be an industry that should be regulated?

They explain some reasons why in the audio
Some countries have caps. For instance

• 🇬🇧Britain - 10 families max
• 🇪🇺Other EU countries have limits as well

🇺🇸US has excess of sperm donors why?
• Attractive compensation and
• You can be anonymous

Which makes them able to export... one of the biggest exporters🚀
Full episode 🎶 here. It starts about 10 mins in

sphinx.acast.com/theeconomistal…
*donate

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More from @MoneyMax101

17 Mar
What did we notice in the markets today?🤔

🇯🇲 JSE down -0.55%
🇹🇹 TTSE up +0.93%
• 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
Read 4 tweets
13 Mar
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) 🏨🛏️🚣🏝️ Image
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
Read 6 tweets
8 Mar
Palace Amusement📽️🎬 finally released their Dec 2020 results & as expected... Its not good😟😫

Revenues🔻 87.6% for Q2

Meaning, in Dec 2019 for instance they made $255 million in sales from the Carib Cinema location alone (its largest)

In 2020, that fell to just $21m
That's an over 90% drop for their largest location, during Oct to Dec 2020!

Added to that they have had to borrow money, so now
• Finance costs have more than tripled

• And they are now reporting a Loss of -$82m. 4 and a half times the loss of -$18m made last year Dec 2019
• They will definitely need some cash to continue their operations. Company has a negative cash balance (despite getting over $125m in loans)

• On the bright side🥳🙌, they were able to bring in $9m in sales from the New Kingston Drive-In🚗🎞️🎬
Read 6 tweets
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
16 Feb
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
Read 5 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

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