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MoneyMax101📊 Profile picture
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9 May, 4 tweets, 1 min read
Wow. JSE getting hot 🔥

MASSY to cross-list on JSE
Here are their December results that we shared recently

Maybe Ansa Mcal can join next

If you thought Guardian (GHL) was 'expensive' at over $580 Jamaican dollars per share wait till you convert MASSY's price to JMD

It last closed at TT$65 about J$1500 per share

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More from @MoneyMax101

MoneyMax101📊 Profile picture
10 May
Sagicor Jamaica

• Produced a solid performance for Q1, says Mgmt
• Net profit to shareholders of $2.91 billion vs $1.88 billion for 2020
• Insurance businesses saw strong new business and portfolio growth Image
Last year’s results were adversely impacted by

• significant unrealized capital losses
• expected Credit Losses (ECL)
• impairment charges and
• share of loss from the investment in Associate (Playa) as COVID-19 shocked financial markets Image
Investment Banking segment showed strong profitability this quarter

• Contributing $651.67 billion (excluding the share of AGIC earnings) to the Group
• a 22% improvement over prior year👌
• Only other segment to grow was Commercial Banking
• Others declined
Read 4 tweets
MoneyMax101📊 Profile picture
10 May
MASSY Just dropped their March 2021 results

Mgmt says
• Despite the challenges, the Group’s Q2 YTD performance is commendable

• Third Party Revenue from Continuing Operations declined by 1%

• Profit After Tax (PAT) increased by 20% from $263 million to $314 million👏👌 Image
• Group’s strategy to manage its operations as an Investment Holding Company paid off in Q2 FY2021

• Integrated Retail Third Party Revenue declined versus prior year by 5%

• Motors and Machines Third Party Revenue grew by 9% on the strength of its performance in Colombia Image
• Gas Products Portfolio PBT declined by 10% as the mix of increased sales in CO2 from Trinidad came at much lower margins
Read 5 tweets
MoneyMax101📊 Profile picture
7 May
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
Read 4 tweets
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

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