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Sep 3, 2021 • 4 tweets • 1 min read
Big News For LUMBER Shareholders 👌👏🚀
In their just released report for the year, management says
• An additional off-site warehousing facility downtown was developed over the last financial year🏗️
• They are now in a position, to capitalize on larger volumes of a wider range of imported products through strategic purchases to meet customer demand👌
Jun 20, 2021 • 52 tweets • 14 min read
On Thursday (Jun 17, 2021) Sagicor announced a new multi-billion dollar deal, which saw them taking a major stake in an LNG power plant in Jamaica?
It’s the largest corporate financing deal in Jamaica's history, so you know it’s huge
Why would they do that? 🧵 👇
In this thread I'll discuss
• What makes this special
• What’s LNG? Is it new?
• Who’s Jamalco & what do they do?
• Who’s New Fortress (the LNG company)?
You can also read the full thing as an article here. It's long. If anything bookmark for later
The Barbados Gov't is in the process of developing an online platform to connect taxis and small tour operators directly to cruise ship passengers
The gov't wants to help local transport operators capture a greater and fairer share of the ground tour business
May 14, 2021 • 4 tweets • 2 min read
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
...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
May 13, 2021 • 5 tweets • 2 min read
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%
May 10, 2021 • 4 tweets • 1 min read
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
May 10, 2021 • 5 tweets • 2 min read
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
• 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
May 6, 2021 • 6 tweets • 2 min read
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
May 1, 2021 • 4 tweets • 1 min read
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
Apr 29, 2021 • 5 tweets • 2 min read
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
Apr 23, 2021 • 8 tweets • 3 min read
The 🇯🇲 Market is enjoying an IMPRESSIVE RUN🚀
Read more to see WHY, and to see what's HOT 🔥 right now🧵
Big Picture 👉 The overall JSE has seen a STRONG rebound and is now up 3% YTD, a big deal for the market, as it has struggled to break positive for most of the year 🙌
What happened?
There has been continued momentum over the last few days and weeks
• The overall market is up 9 days straight... Its most consistent run in a while🔥
• This was also a BIG week... with the market up 1.44%... almost twice its best weekly performance since Feb
Apr 22, 2021 • 4 tweets • 1 min read
Supreme Ventures is reporting increased sales for Q1 Mar 2021
Management says it is a truly historic quarter for the group against 12 months of Covid's economic impact and new competition
Sales up 33% 👌
Profits down 18%😖
But..
...here's some of what I've noticed and you can let me know what you think
Sales are up yes, but...
• They've had to pay higher prize amounts. Prizes for the qtr up 40%
Cashpot payouts for instance are up 17% from $260 to $305 for every $10 bet
Apr 22, 2021 • 4 tweets • 1 min read
BARITA makes J$1 BILLION in profits 2 quarters straight!!!🚀👌🙌
For their 2nd quarter ending March 2021 Barita's impressive performance continues
• Net Interest Income Up
• Fee & Commission income Up🔥
• FX gains up🔥
• Investment gains down
Profits After Tax of over One Billion Jamaican Dollars even with increased staff costs & admin expenses
Apr 21, 2021 • 4 tweets • 1 min read
Sandals Resorts is adding three new hotels to its Jamaican roster
Sandals is a luxury all-inclusive resort company in the Caribbean
They will transform under the Sandals and Beaches brands the following properties
Two all-inclusive resorts in Jamaica acquired last year
1. The former Jewel Dunn's River Beach Resort & Spa in Ocho Rios and
2. Jewel Runaway Bay Beach Resort & Waterpark
Plus
3. A prime parcel of beachfront land adjacent to the Ocho Rios resort
Apr 20, 2021 • 4 tweets • 1 min read
Jetcon has finally released their results for 2020
We don't have to say it... Management says it was one of their worst years 😖.. Unprecedented
Sales 🔻 38%
Expenses 🔻 6%
Loss of $6.7m
Despite that, management says Jetcon continues to be in good financial shape, with no outstanding loans and strong inventory
Based on my calculations...
Sales are picking up as they sold over $160m in Q4 (Dec) much more than $86m in the June quarter...
Apr 17, 2021 • 4 tweets • 2 min read
In the 🇯🇲 market today
Jamaica Producers
• hit a new 52 week high
• up 20% since its acquisition announcement👏
• up 4 days straight
Fosrich also had a big day
This time jumping 10%. It's up
• 4 days straight
• 6 months straight 🔥
• +50% since Jan
• Price more than doubled in the last 12 months 🔥🔥
Apr 16, 2021 • 6 tweets • 2 min read
What we noticed in the 🇯🇲 market today 🧵
The 'pandemic stocks' - those battered by the sell-off last year... some of them advanced today...
Including - Main Event 🎸🎤, KLE🍸🍹, Everything Fresh 🥩 & Express Catering🍩
• Main Event had one of its best days ever jumping 36% today, but only 7k units traded. The stock closed at $4.74
Apr 12, 2021 • 4 tweets • 1 min read
Ciboney has released their results for Dec to Feb 2021
Between Dec to Feb, when we were busy pushing up they stock, they were busy paying money out, with no money coming in🤷♂️
They've spent J$1.9m over the last 3 months and made a loss of the same amount as they have no income
They now have $4.2m in cash 💰 vs $11.9m this time last year. So just think of it as their bank balance being depleted slowly
Over the last 9 months they have spent $4.3m on expenses without any income
Apr 11, 2021 • 6 tweets • 2 min read
JUST IN: Dolphin Cove has released their results for 2020 (yes, today Sun Apr 11)... and no surprise here... the pandemic has affected them badly
The pandemic has wiped out more than 70% of their sales😣
Imagine that... and you still have to feed the animals😟🧵
Their biggest earner - sales from hotels🏨, cruise ships🚢 and walk-in guests🚶♂️ - that's down 🔻72%
The other big contributor, sales from their restaurants👨🍳, gift shops🎁, photo shops📸 and other adventure tours🐎 is also down 🔻70%