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22 Apr, 4 tweets, 1 min read
BARITA makes J$1 BILLION in profits 2 quarters straight!!!πŸš€πŸ‘ŒπŸ™Œ

For their 2nd quarter ending March 2021 Barita's impressive performance continues

β€’ Net Interest Income Up
β€’ Fee & Commission income UpπŸ”₯
β€’ FX gains upπŸ”₯
β€’ Investment gains down

Profits After Tax of over One Billion Jamaican Dollars even with increased staff costs & admin expenses
The transformational story around this company is remarkable and should not be missed

That and their consistence. Look at the growth

3 years ago in 2018 Q2 they reported 88m in profits πŸ˜‚
2 years ago 2019 Q2 408m
1 year ago 2020 Q2 510m

Impressive
These are their results for the last quarter

β€’ β€’ β€’

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More from @MoneyMax101

MoneyMax101πŸ“Š Profile picture
22 Apr
Supreme Ventures is reporting increased sales for Q1 Mar 2021

Management says it is a truly historic quarter for the group against 12 months of Covid's economic impact and new competition

Sales up 33% πŸ‘Œ
Profits down 18%πŸ˜–

But..
...here's some of what I've noticed and you can let me know what you think

Sales are up yes, but...

β€’ They've had to pay higher prize amounts. Prizes for the qtr up 40%

Cashpot payouts for instance are up 17% from $260 to $305 for every $10 bet
β€’ They've also had to pay to maintain partners etc

So Gross profit is πŸ”» 12% due to higher amounts paid to partners and regulators
Read 4 tweets
MoneyMax101πŸ“Š Profile picture
21 Apr
Sandals Resorts is adding three new hotels to its Jamaican roster

Sandals is a luxury all-inclusive resort company in the Caribbean

They will transform under the Sandals and Beaches brands the following properties
Two all-inclusive resorts in Jamaica acquired last year

1. The former Jewel Dunn's River Beach Resort & Spa in Ocho Rios and

2. Jewel Runaway Bay Beach Resort & Waterpark

Plus

3. A prime parcel of beachfront land adjacent to the Ocho Rios resort
Playa Hotels & Resorts sold the Jewel properties last year May for US$60 million in cash

... at the time speculation was high that Sandals was the acquirer of the properties
Read 4 tweets
MoneyMax101πŸ“Š Profile picture
20 Apr
Jetcon has finally released their results for 2020

We don't have to say it... Management says it was one of their worst years πŸ˜–.. Unprecedented

Sales πŸ”» 38%
Expenses πŸ”» 6%
Loss of $6.7m
Despite that, management says Jetcon continues to be in good financial shape, with no outstanding loans and strong inventory

Based on my calculations...
Sales are picking up as they sold over $160m in Q4 (Dec) much more than $86m in the June quarter...
...but, still nowhere close to the mid $200m to $300m they would make per quarter in sales

Covid was unforeseen, but that aside, JETCON's sales have been declining quarterly for the last 9 quarters, since 2018 Q3

They've made a loss for ~9 of the last 10 quarters
Read 4 tweets
MoneyMax101πŸ“Š Profile picture
17 Apr
In the πŸ‡―πŸ‡² market today

Jamaica Producers
β€’ hit a new 52 week high
β€’ up 20% since its acquisition announcementπŸ‘
β€’ up 4 days straight
Fosrich also had a big day

This time jumping 10%. It's up
β€’ 4 days straight
β€’ 6 months straight πŸ”₯
β€’ +50% since Jan
β€’ Price more than doubled in the last 12 months πŸ”₯πŸ”₯
Stocks Going UpπŸ‘Œ
β€’ Palace Amusement Co. Ltd -> up 5 of last 6 weeks. +26% in Apr

β€’ Proven Investments Limited J$ -> up 4 of last 5 weeks

β€’ Main Event Entertainment Group Ltd - up 4 of last 5 weeks. Up 36% in April, its 2nd best month everπŸ‘ Image
Read 4 tweets
MoneyMax101πŸ“Š Profile picture
16 Apr
What we noticed in the πŸ‡―πŸ‡² market today 🧡

The 'pandemic stocks' - those battered by the sell-off last year... some of them advanced today...

Including - Main Event 🎸🎀, KLE🍸🍹, Everything Fresh πŸ₯© & Express Catering🍩
β€’ Main Event had one of its best days ever jumping 36% today, but only 7k units traded. The stock closed at $4.74
Apart from those stocks though

FOSRICH is on fire πŸ”₯
β€’ Up 37% since Jan
β€’ Advancing 6 MONTHS straight!
β€’ This is the 2nd best year for the stock... best year being 2017 when it was listed
Read 6 tweets
MoneyMax101πŸ“Š Profile picture
12 Apr
Ciboney has released their results for Dec to Feb 2021

Between Dec to Feb, when we were busy pushing up they stock, they were busy paying money out, with no money coming inπŸ€·β€β™‚οΈ

They've spent J$1.9m over the last 3 months and made a loss of the same amount as they have no income
They now have $4.2m in cash πŸ’° vs $11.9m this time last year. So just think of it as their bank balance being depleted slowly

Over the last 9 months they have spent $4.3m on expenses without any income
They are spending on things like

β€’ Registrar fees (to remain as a listed company) - over $1m per year
β€’ Salaries - over $1m per year (cheap don't?)
β€’ Utilities, paying board members, GCT, bank charges, Accountants & Auditors, Consultants, Printing and other office charges
Read 4 tweets

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