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Stocks on the Rocks #SOTR

Mar 7 • 5 tweets • 2 min read

$FOSRICH.ja released its full-year 2021 results today. Here's a #SOTRSummary:

For the 4th quarter
-Sales ⬆️32%
-Profits 🔻60%

For the Year:
-Sales⬆️24%
-Profits⬆️58%

The company is still leveraged (has a good amount of debt). Total debt is 150%+ of its equity balance (excluding leases).

The company recorded another year of negative operating cashflows. This negative balance and capital expenditures were once again funded by debt.

$FOSRICH.ja had an eventful day at the office with trades ranging from 15 to 17.88. At a price of 15.90, the stock is trading at 40 times earnings. If we use 17.10 then that's 43 times earnings.

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More from @stocksondrocks

Stocks on the Rocks #SOTR

@stocksondrocks

Mar 9

Today we will be taking a look at the past and expected performance of a few of our government agencies.

Here's a #SOTRSummary:
-The OUR
-NHT
-HEART
-FSC
-JDIC
-SLB
-Petrojam
-JUTC
and a few more.

Public Bodies (PB) in Jamaica have been
established to develop strategic sectors in
Jamaica. 146 active entities is perform regulatory, advisory, supervisory, research, technical, administrative or quasi-judicial functions of a governmental nature.

Self-Financed Public Bodies have a projected total gross assets of J$1.3T employing an expected 14,296 people. The Group should realise revenues of approximately J$460B and transfer J$21B in financial distributions and programme support, as well as remit taxes of J$45B.

Read 23 tweets

Stocks on the Rocks #SOTR

@stocksondrocks

Mar 1

$CCC.ja reported their full year 2021 earnings. Here's a #SOTRSummary:

- Sales ⬆️ 18%
-Net Income ⬆️ 34%

This performance seems to have been largely driven by lower finance expenses and lower losses on foreign exchange.

Please see the director's statement below.

Of note, the company's leverage position has materially improved. Financial obligations in general have fallen since 2020, positioning the balance sheet well for future growth.

Operating cashflows were robust. It was used to buy more fixed assets and to pay various forms of debt

Read 6 tweets

Stocks on the Rocks #SOTR

@stocksondrocks

Feb 28

$ECL.ja has reported its Q2 Earnings. Here's a #SOTRSummary:

-Revenues ⬆️257% 🔥🔥
-Net losses are down but still present at US$321k vs US$571k last year same period.

Though passenger numbers improved, higher operating, direct & finance expenses ate away at higher sales.

Please see the management discussion of the numbers below.

Of note, it was stated that the work on the new post-security lounge should be completed by today (end of February 2022).

$ECL.ja's balance sheet remains dominated by its leased assets with a high amount of leverage relative to equity value.

Though operating cashflows were positive for the period, fixed asset purchases and lease payments ate away most of its cash balance.

Read 5 tweets

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