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MoneyMax101📊 Profile picture
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31 Mar, 6 tweets, 2 min read
JUST IN: Good news from Sagicor Financial

They had an impressive Q4👌

Also, good news for JMMB Shareholders🥳

For the quarter
• Revenues⬆️ 43%
• Insurance Premium⬆️ 70%
• Net Income to Shareholders⬆️152% to US$29.0m
JMMB has a 22.5% stake in Sagicor Financial and will record their share of SFC profits in their March results

SFC also,
✔️Had positive Comprehensive Income
✔️Declared Dividend
Revenue growth were supported by

• Significantly higher individual life and annuity sales (in part driven by the US 🇺🇸)

• Single premium annuities in the southern Caribbean

• Higher net investment income
The Sagicor Life and USA segments
• saw significant growth in sales
• but the overall growth in profitability for Q4 was driven by Sagicor Life

That segment benefitted from a large single premium annuity sale
Sagicor and its subsidiaries operate across the Caribbean and in the USA

They mainly provide:
• Life and health insurance
• Annuities and pension administration services
• Banking and investment management services
The Group also
• underwrites property & casualty insurance &
• provides hospitality services

Its main companies are:
• Sagicor Life Inc (Barbados 🇧🇧 and T&T 🇹🇹),
• Sagicor Life Jamaica Limited 🇯🇲,
• Sagicor Bank Jamaica Limited 🇯🇲,
• Sagicor Life Insurance Company 🇺🇸

• • •

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More from @MoneyMax101

MoneyMax101📊 Profile picture
24 Mar
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🚀
Read 5 tweets
MoneyMax101📊 Profile picture
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
MoneyMax101📊 Profile picture
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
MoneyMax101📊 Profile picture
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
MoneyMax101📊 Profile picture
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
MoneyMax101📊 Profile picture
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

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