#FinanceTwitterJa Here is a thread on Dolla Financial Services Limited Initial Public Offering. Firstly, Dolla is being offered at $1.00 JMD per share.

jamstockex.com/dolla-financia… The company is seeking to raise $250 million through the issuance of 250 million shares. First Rock Global Holdings Limited T/A First Rock Private Equity (FRPE) and DeQuity Capital Management Limited are selling 250 million shares. The offer is capitalized at $500 million JMD.

#FinanceTwitterJa $JFP.ja JFP Limited released their first quarter (Q1) financials which was published on the @jastockex today. However, the financials which were apparently prepared by their auditors bring more questions than answers. Firstly, the share capital saw an increase of $280 million before transfers and transaction costs. Now, the IPO had 140 million shares being issued by the company and 140 million being sold by JFP Property Investments Limited. How can the share capital record an increase of$280m?

So for the UWI students doing MGMT3048 better known as fin man 2 and struggling with finding data, check out below for the required info.
JSE Broker List jamstockex.com/investor-centr…
Note this tweet about the 6 figure and above brokers.

https://twitter.com/JCKNIGHT2/status/1151201353928253442?s=20

For those looking for price data, here's a trick. jamstockex.com/market-data/do… Edit this link above and change the symbol to the desired stock and you'll get the prices from December 31, 2017 - January 3, 2020. For those looking for dividend, stock split and rights issue data, check

#FinanceTwitterJa As I continue with my weekly analysis, it's time to review the exposure of our local commercial banks. For those wondering the difference between commercial banks, credit unions, merchant banks and so on, please check @CentralBankJA website for more details. boj.org.jm/financial_sys/… List of commercial banks.

As we gear up for the full effects of #COVID19, it's important to understand the exposure and grouping of debt the commercial banks have in issue. We'll be going from the largest banks to smallest in order by assets.

#FinanceTwitterJa With #COVID19 threatening growth for companies, I'll be doing a series of threads to highlight each business and where the cash comes from to fund it. Today's company is $NCBFG.ja. Many people confuse this holding company for the unlisted subsidiary NCBJ. $NCBFG.ja is the holding company incorporated in 2016 with 3 major subsidiaries being NCBJ in Jamaica, Clarien Bank in Bermuda and GHL (parent company of Guardian Life in Jamaica) in Trinidad and Tobago. Note, NCBCM no longer owns AGIC.

#FinanceTwitterJa jamaicaobserver.com/sunday-finance… Let's learn something new and see the power of investing over 20-25 years. We're going to digest this article to an extent, but look at the economic value derived over 20-25 years by holding those shares to present. NE stated that they bought $JBG.ja 25-30 years ago, but for this analysis, we will cap it to January 4, 1995 (Point X) as the original date where data is available and January 3, 2000 (Point Y) as the starting point for buying the stock at the beginning of the millennium.

#FinanceTwitterJa So let's review this month's madness in action on the local market. $AFS.ja's stock price went up by 14% today on news of a $0.10 dividend (published yesterday) despite net profits going down by 37%. bit.ly/37IGwYm $KEY.ja is up 15% for the month after news of $GK.ja's intention to acquire a majority stake in the company. This comes after the company reported a $298.8 Million net loss for the 9 months with claims nearly consuming premium income. bit.ly/2OeGn79

#FinanceTwitter Time for 2019 IPO's in review. I will be going over the companies listed for the first time in Jamaica and looking at capital raised. Note, no preference share, APO nor rights issues will be included.

For 2019, there were 12 listings with 11 new companies coming to the JSE. The cumulative total raised by companies for the year came up to approximately $18.28 Billion with the Junior Market raising $911.9 Million alone. These numerous IPO's saw thousands of new shareholders getting ownership in these various companies.

#FinanceTwitterJa There is a distinct difference between a realized gain and an unrealized gain. An unrealized gain is just the increased value in an asset or holding based on the current market price. Eg, You bought $100,000 worth of Wigton at IPO ($0.50). It's now trading at $1 On your monthly statement from your broker, you would see original/portfolio cost ($100k), unrealized gain/loss ($100k) and current value $200k. The current value of Wigton is $200k, but you have an unrealized gain of $100k due to the increase in the market value of the stock.

#FinanceTwitterJa Since I was at the Carib Cement AGM (CCC) and can provide a further explanation, here is a thread on $CCC.ja.

jamaica-gleaner.com/article/letter… Firstly, Carib Cement is a part of the Cemex Group (Mexican Company) since the direct owners (Trinidad Cement Limited) own 65% of CCC and they in turn are owned by the Cemex Group. So, CCC->TCL->Cemex. So, even though he's saying Jamaican investors have received no dividends,

So, here is the thread I promised.

The Lab (Limners and Bards) had their IPO in July and were able to list in under 2 weeks. They offered 189 Million shares to new investors with only 50 million shares being offered to the public (jamstockex.com/wp-content/upl…). Due to firms like

https://twitter.com/JCKNIGHT2/status/1172774686696103936

@JMMBGROUP & @SagicorJa not assisting some clients with the IPO application and the relatively small allocation to the public (jamstockex.com/limners-and-ba…), there was an expectation that the company would increase in price very quickly. jamstockex.com/market-data/li… Within the first few

@keenanfalconer Would you mind adding your thoughts to this discussion?

Why is Jamaica still struggling in the areas of education, health and security? This is a very tricky topic with several factors playing a part in our current situation. My thoughts:
Education - Lack of leadership, standards getting lower to facilitate more students, not enough 'quality' high schools to develop the minds of tomorrow and lack of change. PEP should have been out from 2012, not 2019. Our 'experts' fail to keep up with change

How do you own a stock without directly owning it? Several ways exists for this from unit trusts, to mutual funds and even options. However, today's discussion will be centered around exposure on JMMBGL. jamstockex.com/jmmb-group-lim… JMMBGL is set to acquire a 20% stake in New Sagicor between September-December. With this acquisition, JMMBGL will treat New Sagicor as an investment in associate. This means a portion of New Sagicor's P&L along with their balance sheet will be recorded