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7 May, 4 tweets, 1 min read
The 🇯🇲 JSE closed up another 1.5% today

Big movers include

• GHL up another 11% on its 2nd day. Breaking the $1000 barrier

• Jamaican Teas hitting a $4.27 high
Guardian jumped 7.7% in T&T 🇹🇹 today

I'd love to know the mood there 🥳🎉

The stock hit TT$29, possibly an all-time high, but definitely the highest in years
The JSE is now up 10% YTD. Big turnaround

However🤔, because of our market composition and

• how largely weighted some stocks are... &
• how thinly traded others are...

You have to bear that in mind when using that to look at the overall market
Full market update here moneymax101.com/20210507/138sl…

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More from @MoneyMax101

MoneyMax101📊 Profile picture
6 May
MAJOR MOVE IN THE 🇯🇲 MARKET TODAY

Guardian made a BIG splash

• Guardian traded for the first time today since its relisting yesterday

• It traded for waaaay more than the $582 price it was listed at... No surprise to us though... But seeing it happen is still impressive 👏🥳
• It hit a high of $871 today, That's 50% more than the price it was listed at

• Talk about a POP!💣🗯️🧨

• To catch up on the Guardian story check our previous tweets
• As a result, that pushed the entire market up a WHOPPING 3.7% 🚀

• Now the market is up 8% YTD. That's big 💪

• Imagine this... Guardian is big, the 3rd largest on the market... And NCBFG is already HUGE...

So imagine the impact of those two on the market😲🤯
Read 6 tweets
MoneyMax101📊 Profile picture
1 May
Fosrich💡🔌⚡️👨‍🔧 continues to see strong growth in their business👏👌

✅Sales up 22% vs last year
✅Profits of $38m vs $4.8m last year

Well done.
But...
...before I state that the profit was 8 times the amount made last year this time.... the truth is... last year's profit was lower than normal

Q1 last year, profits were actually down 85% as they had to cover increased expansion costs.... not a bad move either
The key story is the continued growth in Sales as they've seen higher 'profits' before... more than $50m in a quarter

They saw increased sales for
✔️Electrical lighting
✔️Hardware
✔️LED
✔️Panels
✔️PVC
✔️Solar & wiring devices
Read 4 tweets
MoneyMax101📊 Profile picture
29 Apr
Carib Cement is reporting one of their BEST quarterly results EVER! 🙌🚀

• Profit of J$1.5 Billion in 3 months

• More than 3 times the amount they made in Jan to Mar last year 😲

• Sales up 31%. Company almost hit $6 Billion in sales for the quarter.. a BIG achievement
To be seeing such strong top-line growth.. Worst in these times is impressive

Company says they are
• seeing increased sales volumes👌
• managing their costs👏
• Improving their efficiencies, plus
• Benefiting from investments made over the last few years
Company also says...
• Local demand for cement remains STRONG!🧱
• They expect continued optimism in the construction sector🚧👷
• There are many govt infrastructure projects
• Many private development projects
• Vaccine programme will lead to reopening
Read 5 tweets
MoneyMax101📊 Profile picture
23 Apr
The 🇯🇲 Market is enjoying an IMPRESSIVE RUN🚀

Read more to see WHY, and to see what's HOT 🔥 right now🧵

Big Picture 👉 The overall JSE has seen a STRONG rebound and is now up 3% YTD, a big deal for the market, as it has struggled to break positive for most of the year 🙌 Image
What happened?

There has been continued momentum over the last few days and weeks

• The overall market is up 9 days straight... Its most consistent run in a while🔥

• This was also a BIG week... with the market up 1.44%... almost twice its best weekly performance since Feb
• This is also the biggest MONTH since a slight recovery started in February

The JSE is now up 3 months straight!🔥

You can dive into all the index details here moneymax101.com/index/ticker/J…

Lets dig deeper
Read 8 tweets
MoneyMax101📊 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% 👌
Profits down 18%😖

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

Sales are up yes, but...

• 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
• They've also had to pay to maintain partners etc

So Gross profit is 🔻 12% due to higher amounts paid to partners and regulators
Read 4 tweets
MoneyMax101📊 Profile picture
22 Apr
BARITA makes J$1 BILLION in profits 2 quarters straight!!!🚀👌🙌

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

• Net Interest Income Up
• Fee & Commission income Up🔥
• FX gains up🔥
• 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 😂
2 years ago 2019 Q2 408m
1 year ago 2020 Q2 510m

Impressive
Read 4 tweets

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