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Stocks on the Rocks #SOTR Profile picture
@stocksondrocks
Nov 16, 2022 • 11 tweets • 5 min read • Read on X
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EduFocal Limited, $LEARN.ja, has released its Q3 earnings. Here's a #SOTRSummary:

-Revenue 🔻59%
-9 month Revenues ⬆️45%
-Net losses of 28M vs profits of 4M in the same quarter last year.

See details 👇🏾
The CEO of the company provided a report with a lot more detail. Please read it.
A summary of the year-to-date performance was also provided. Please see below.
LEARN saw a dip in its Q3 sales and profits, though year-to-date sales grew.
EduFocal's balance sheet has seen massive growth since Dec 2021.
-Assets have doubled, driven by higher receivables, cash & intangible assets
-debt to equity is 1.6x
LEARN would've raised debt at an attractive rate through their broker, Mayberry Investments.

It was stated that they would put said funds into K-12&health edu, and EduFocal Engage which will focus on software as a service or SaaS content for companies.

jamaica-gleaner.com/article/busine…
LEARN completed its acquisition of the website and assets of CST earlier this year in March 2022.
-operating cash was remains negative
-that net cash outflow as well as investments made over the period was funded by the debt received through Mayberry
-this debt & the IPO raise also assisted in paying down shorter-term debt
Below are the shareholders for EduFocal between July 2022 and September 2022.

There was no material change in shareholdings.
LEARN listed on the JSE in March of this year and peaked at about 4.20 (+320%). It has since traded sub 2.50 mid-year. In recent times it has traded closer to 3.

Volumes are more apparent on the sell side with buy side support closer to 2.55.
What are your thoughts on EduFocal's Q3 performance?

Let us know in our 2,000 member strong community here:

t.me/+LoPrrHCLGYQ3Z…

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More from @stocksondrocks

Stocks on the Rocks #SOTR Profile picture
Nov 17, 2022
Regency Petroleum Limited (RGL) has released its IPO prospectus. Here's a #SOTRSummary:

-looking to raise up to 287M
-Opens November 24, Closes December 8
-Each share will cost 1.00
-Brokered by GK Capital
-Selling Agents (JMMB & VMWM)
Overview of Regency

-100% Jamaican owned
-incorporated (May 30 2019)[**2018 seen in report]
-sells cooking gas (bulk and retail) and automotive gas (1 service station and 1 on the way for Q1 2023)

See details below.
This message from the CEO gives a better synopsis of the business, changes made prior to IPO, and the strategic initiatives in play.
Read 19 tweets
Stocks on the Rocks #SOTR Profile picture
Nov 15, 2022
ICreate Limited, $ICREATE.ja, has released its Q3 report. Here's a #SOTRSummary:

-Revenue ⬆️231% 🔥🔥
-Net Profits of 6.9M made versus a loss in the same quarter last year.

More details in the next tweet 👇🏾 Image
The Board has provided a report with a lot more details. Please read it. Image
The CEO of ICreate had previously stated that a rights issue would be used to fund the acquisition of Visual Vibe. The report above and a recent notice seem to indicate that has changed and that the funds have been secured for the acquisition.
jamaicaobserver.com/business/icrea…
Read 13 tweets
Stocks on the Rocks #SOTR Profile picture
Nov 15, 2022
Fontana Limited, $FTNA.ja, recently reported its Q1 earnings. Here's a #SOTRSummary:

-Sales ⬆️26%
-Operating Profit ⬆️ 27%
-Net Profit ⬆️43%

Management attributed this performance to higher sales and a shift in the sales mix to higher margin items. Image
Please read the Director's report for more details. Image
The net margin did in fact increase to 5.36% from about 4.7% for the same quarter last year. We note that this quarter would include back to school shopping. Image
Read 9 tweets
Stocks on the Rocks #SOTR Profile picture
Jul 30, 2022
One on One Educational Services released their IPO prospectus yesterday. Here's a #SOTRSummary:

-looking to raise 358M
-Opens August 12, Closes August 19
-Each share will cost 1.00 outside of the conversion shares for 0.80
Different investors will have access to different pools of shares.

There is also a special pool of shares reserved for just teachers and trainers. 👏👏

The only pool to get a discount on the share price is the convertible loan holders who buy at 0.80 (more on this later).
The company intends to use this 358M as follows:

I've also attached their dividend policy.
Read 27 tweets
Stocks on the Rocks #SOTR Profile picture
Jul 29, 2022
Caribbean Cement Company Limited, $CCC.ja, recently released its Q2 earnings. Here's a #SOTRSummary:

-Revenues ⬆️5.7%
- Operating Earnings 🔻8.6%
-Net Income 🔻7.2%

The reduction in income was due to an increase in overall expenses.
The report included the following director's statements and more details. Please read it.
Lower net profits were driven largely by an increase in the cost of raw materials, fuel, and electricity. This increase is due to gas prices being much higher for this quarter than they were for the same quarter last year. Same for the hard inputs for cement.
Read 8 tweets
Stocks on the Rocks #SOTR Profile picture
Mar 18, 2022
We've been having an ongoing discussion in the group about how to spend less on groceries. Someone mentioned that there is a website that allows you to compare food prices at different supermarkets across Jamaica:

Please see the link here: cac.gov.jm/dev/SurveyEnqu…

An example 👇
Grace Mackerel- 155g Prices across St.Andrew as at 3/9/22

Lee's Red Hills- 127.30
HI-LO Cross Roads- 124.12
Megamart- 116
General Foods Liguanea- 110.13
JR Wong- 106.75
Brooklyn Clocktower- 105.56
Shopper's Fair Boulevard- 104.73
PriceSmart 10 pack (per item)- 94.90
Group Link: t.me/sotrcommunity
Read 19 tweets

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