GraceKennedy Firing On All Cylinders 🔥🔥🧨

For Jan to Mar 2021
○ All segments beat last's year revenue and profits👏
○ Net profit attributable to shareholders for Q1 2021 was J$1.65 billion, up 25.6% or J$337.3 million
○ That's impressive
○ Mgmt says the results indicate additional gains in their operating margins & this is a continuation of their strong results

○ Sales up 8.8%
○ We highlighted it on Instagram yesterday and @dgwheby took the hint and mentioned the increased sales of Tastee Cheese and the rebound in sales that they are seeing 👌

Well done @GraceKennedyGrp
Lots of stuff mentioned, but interestingly they said

Canopy Insurance’s performance was noteworthy as the company achieved double digit growth in revenue

Canopy continues to refine its operating structure and focus on achieving efficiency using technology
Oh, here's our Instagram post if you missed it

instagram.com/p/COykBLVtYUs/

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More from @MoneyMax101

14 May
Lots of companies blazing this quarter🔥
But there are others... that will need help soon

EFRESH Enters the chat

I have high hopes for EFRESH.. They import and distribute dairy products, meats🥩, seafood, fruits, veg and dry goods

They used to sell mainly to hotels Image
...but since the start they've had issues

Then that failed pork acquisition added to their woes
And now the pandemic

Not to mention that acquisition mix up in Bahamas

Those are all minor though.. compared to what's happening to their financials Image
• They had over $270m in cash 💰 at one point.... that's now down to $30m

• They had over $650m in equity in 2018 but with the continued losses, that figure is almost half😣

• And speaking of losses, they are verse on that... Making a loss almost every single qrtr
Read 4 tweets
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
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
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
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👏👌
• 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
• 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
9 May
Wow. JSE getting hot 🔥

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

Read 4 tweets
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
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

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