We had an amazing discussion with members from the community of Tivoli Gardens. At one point over 80 people were tuned in.
We discussed investing, entrepreneurship, insurance, saving, and so much more.
#SOTR
#Grassrootsmovement
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:
An example 👇
Dolla Financial Services released their IPO prospectus today. Here's a
#SOTRSummary
:
-looking to raise 500M (one of the largest offers in junior market history)
-Opens May 27, Closes June 10
-Each share will cost 1.00 (a dolla)
Future Energy Source Company, $FESCO.ja, has released its Q1 report, reporting its best ever quarter. Here's a
#SOTRSummary
:
-Sales ⬆️ 238% 🔥🔥🚿
-Operating Profit ⬆️340% 🔥🔥🔥🚿
-Net Profit ⬆️280%🔥🔥🚿
This performance was driven by gas price increases and more locations.
A part of our mandate is to create spaces where open, inclusive, free, and real conversations can be had about money.
Our next stop is close to home, West Kingston. We strongly believe that each and every Jamaican can understand and benefit from convos about money management.
We're hearing that it is possible that over 15,000 applications were submitted with over 3 billion JMD collected.
😱🤯
Given our liquidity environment and challenges in applying this is a massive undertaking.
Big up to everyone involved!
Stocks on the Rocks
#SOTR
started as a means of creating an open space to have conversations around finance, particularly investments, so that every Jamaican can have the chance to benefit.
We have partnered with the Portland Arts & Vocational Educational Centre (PAVE) to facilitate a free financial literacy workshop for their graduates, students, and staff.
We are committed to taking this movement across Jamaica, particularly in underserved communities.
#SOTR
A special thanks to everyone that came out last night. It was an absolute pleasure to have
@johnhjack
with us. John was bombarded with questions ranging from do we need a micro exchange to where is Caribbean Dreams.
A special thanks to
@JMMBGroupJA
for sponsoring us this month.
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
Mark your calendars!
Our guest speaker for this month's live meeting is Richard Byles, Governor of
@CentralBankJA
.
We're looking forward to a vibrant discussion with Governor Byles about the BOJ's financial literacy activities, monetary policy (🤞🏾) and so much more.
Dolla Financial Services, $DOLLA.ja, has released its 3rd quarter results. Here's a
#SOTRSummary
:
-Total Income ⬆️170% 🔥
-Profits before taxes ⬆️257% 🔥🔥
-Loan Portfolio ⬆️125%🔥
This performance was driven by a much larger loan portfolio used to generate income.
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)
Happy to announce that
@myvmgroup
has agreed to support our grassroots movement with 50,000 JMD of Investment account gift certs and by supporting the actual event tomorrow.
Looking forward to this continued partnership. 🤝🏾
Congratulations to Raymond Donaldson and Jeffrey Brown on their new roles at $EPPLEY as CEO and CIO, effective May 3, 2024. 👏🏾👏🏾👏🏾
Both were employees within $NCBFG
Quick Fact:
Did you know that the famous KFC Zinger was first introduced in the Caribbean?
In particular, Trinidad & Tobago, way back in 1984.
The Zinger is now available in over 120 countries worldwide.
Shoutout to all of our Trini peeps!
Did you know that some savvy investors purchase a property, rent it, and still live with their parents? Multiple even.
Would you live with your parents while building wealth? Or is that a no?
Are there any benefits to doing so?
Yesterday, a member who wanted to start investing asked us for recommendations on which broker would be the best for them to use.
We decided to do a poll.
After 108 votes, these are the results:
Gather around kids. Let me tell you about the days when you had to physically sign an IPO application form and bring it in to the broker with a cheque.
Does anyone have any pictures from those days?
Congratulations to Allison Mais on her appointment as a VP at $VMIL. 👏🏾👏🏾
Allison joined VMIL as the VP in charge of operations.
Allison is a former $GK executive and a UTECH alum.
Join us this friday at 7pm for our regular end of month SOTR session.
In this session we'll be exploring COVID-19 from an economic perspective.
We will explore it's impact on the economy and discuss the measures that can be taken by policymakers to reduce that impact.
Ramon Small-Ferguson has been re-elected president of the Jamaica Securities Dealers Association (JSDA) at its annual general meeting (AGM) held on Wednesday, April 24.
Small-Ferguson is currently the CEO of Barita Investments Limited and managing director of Barita Unit Trusts
Happy to announce that
@EduFocal
has agreed to support our grassroots initiative with a 10,000JMD investment account gift cert to a lucky participant of next week's session.
Our next community is Tivoli in West Kingston next week.
Mark the date on your Calendars.
John Jackson, Chair of $QWI.ja, $JETCON.ja, $JAMT.ja and Chief of ICInsider will be joining us for on June Live meeting this month.
Come out to discuss, network, and chill.
Sponsored by
@JMMBGroupJA
🙏
Join us this Sunday at 7pm LIVE on Youtube as we discuss writing a will and so much more w/
@VogueModelJaye
and
@Miss_Boss_19
.
Jaavonne and Courtnay will help us to understand what happens to your assets after death and how you can begin to prepare to pass on your assets today.
We had an amazing discussion with members from the community of Tivoli Gardens. At one point over 80 people were tuned in.
We discussed investing, entrepreneurship, insurance, saving, and so much more.
#SOTR
#Grassrootsmovement
There are monetary and monetary factors that influence ones purchase of any form of asset. We wouldn't say that one's choice to purchase a car in particular is "stupid" vs the alternative.
Would you guys want a space on the factors to consider when buying a vehicle in JA?
Have you always wanted to have a better understanding of Financial Statements?
Join us tomorrow at 5pm for a free webinar as we review the basics of reading financial statements.
We'll be streaming live on Twitter and YouTube.
Set a reminder here:
We are looking out for the following financials today:
JMMB Group
Access Financial
Carreras Limited
GWest
Lasco Financial
Medical Disposables
Wigton
RJR
Proven
At the last session,
@DrNigelClarkeJa
asked investors to explain how assets are valued; in layman terms.
@MsGillyJ
and
@GuyaneseCV
stepped up and did so. Both received invitations from the Minister to his Opening Budget Debate Speech on March 10th.
Congratulations guys.
Mark the date!
Keith Duncan, CEO of JMMB Group, President of
@thePSOJ
, and Chair of
@EPOCJA
will be joining us this Friday.
Forward man. Let's discuss investing, network, and kick back after a long week.
Sponsored by:
@JMMBGroupJA
🙏
One Great Studio Company Limited (
@onegreatstudio
) has released its Offer for Sale and IPO Prospectus.
Here's a
#SOTRSummary
:
-Listing Price: $1.00
-Opening Date: August 28, 2023
-Total raise: J$339 million
-Broker:
@BaritaLimited
-Link:
Join us on
@guruintraining_
's Twitter Space tomorrow at 7pm as we discuss tips for proper Saving and Debt Management. Tune in to hear and share any tips that you may have.
The session is being moderated by
@Julianinvests_
, the founder of
@wealthwatchja
and a Senior Rocker.
$WISYNCO.ja reported their Q2 earnings today. Here's a summary:
#SOTRSummary
-Revenues ⬆️ 19% (highest ever)
-Operating profits ⬆️ 40%
-Net profits ⬆️69%
A continued recovery in its business lines, a 103% ⬆️ in exports seems, and improved profit margins drove performance.
$FESCO.ja reported its Q3 earnings today. Here is a
#SOTRSummary
-Sales ⬆️147%, 63% of full 2021 earnings in 3 months.
-Net Profits ⬆️252% driven by better sales and margins.
9 months sales topped 8 billion and is trailing close to a 10 billion 2022 year.
We will be hosting a series of Twitter Spaces over the next 3 days.
@guruintraining_
and a few guest speakers will explore the topics stated below.
See more details on the topics below 👇🏾
$JFP.ja has released its Q1 earnings. Here's a
#SOTRSummary
:
-Revenue ⬆️70% (almost 47% of total 2021)
-Operating Profits ⬆️237%
-Net Profits ⬆️334%
Management attributes this performance to many of their clients starting/continuing projects as well as improved cost efficiency.
$JMMBGL.ja just reported another great quarter. Here's a
#SOTRSummary
-Net Interest Income ⬆️22%
-Operating Profit ⬆️105% 🔥
-Net Profit ⬆️107% 🔥
This performance was driven by a 94% ⬆️in gains made from securities trading. These
#s
do not include Sagicor's
#s
🔥
CC: $PIL.ja
In this week’s episode, we explore income diversification and obtaining multiple streams of income.
This conversation is aimed particularly at helping women to evaluate their income and skills, identify income opportunities and align their passion with income sources.
Earnings Reports should continue to flow heavily tomorrow. These are a few of the stocks that we have our eye on that have already reported/will report earnings:
$ECL.ja
$JMMBGL.ja
$SYGNUS.ja
$HONBUN.ja
$TROPICAL.ja
The Lascos
$JETCON.ja
$ELITE.ja
What are you watching?
The NCB Financial Group, $NCBFG.ja, has released its Q3 earnings. Here's a
#SOTRSummary
:
-Net Interest Income ⬆️14%
-Net Operating Income ⬆️13%
-Operating Profit ⬆️41%
-Net Profit ⬆️127% 🔥
This performance was driven by reinsurance inflows, lower relative costs, & lower taxes.
Are you calculating your investment returns correctly? 🤔
For this month's meeting, we will be discussing Investment Returns. How do you calculate your returns? Are you sure that it's being done correctly? Need some help?
Join
@Stubert_ja
as he explains his methods.
#SOTR
Thus far, SOTR has been completely self-funded. It has just been driven by passion and determination. Though resources are scarce, we will not allow that to stop us from fulfilling our mission.
Creating spaces for free and inclusive discussions about finance...
#staytuned
We had an amazing discussion with
@DamienWKing
and his team at
@DequityGroup
.
We discussed Jamaica's post-independence economy, his diagnosis on the things that we've done right and wrong as a country, and how he uses his knowledge of economics to invest in the stock market.
Join us this Friday at 7pm as we discuss Pension Planning.
We will explore:
the importance of having a pension plan
when to start thinking about retirement
different types of pension plans
tax benefits associated with retirement planning
how your pension money is invested
👇🏾
$1GS sees almost 200% increase in profits.
We are happy to have worked alongside the team
@onegreatstudio
to create this summary format and also providing assistance with drafting their MD&A.
Report:
Do you know someone that was affected by CashPlus, World Wise, or OLINT?
Is is estimated that between 2004-2008, up to 2 billion USD was invested/lost by about 50,000 investors across these schemes.
This was then up to 25% of GDP and 2% of the population.
Sagicor Investments, the broker for the IPO, has released its recommendation on the One on One Educational Services IPO.
They are recommending a buy with a fair value of 1.34, implying a possible 34% upside.
See instructions to full report 👇🏾
Congratulations to Nicole Campbell Robinson on her appointment as VP of Communications, Digital Media and CSR at $SJ. 👏🏾👏🏾👏🏾
She recently served at NCB as a senior manager in marketing and communications. She is a past student of UCC. 🙏🏾
Sangster International Airport (SIA) is the largest airport in Jamaica. Its location makes it a prime location for tourists to enter the island.
Total passengers grew by 59% in 2021 to 2.6 million. Improving as global and local restrictions have been adjusted.
Mark your calendars!
Our guest speaker for this month's live meeting, next week Friday, is Dr. Damien King, Chairman of Dequity Capital Management (
@DequityGroup
) and Executive Director of CaPRI.
Tropical Battery $TROPICAL.ja has released its Q2 earnings. Here's a
#SOTRSummary
:
-Operating Revenue ⬆️33%
-Operating Profits ⬆️36%
-Net Profits ⬆️93%
Tropical has almost surpassed its entire 2021 profits in just 2 quarters.
Successfully executing your financial goals will require you to make sacrifices.
There will be things that you'll be more than able to buy but at the same time can't afford based on your goals.
TransJamaica Highway Ltd, $TJH.ja, released its 1st quarter earnings today. Here's a
#SOTRSummary
:
-Revenue ⬆️21%
-Net Profits ⬆️639% (🔥🔥🔥🔥🔥🔥)
This performance was driven by higher toll collections and cost savings realized through the acquisition of JIO.
Tune in to our monthly SOTR session this Friday at 7pm.
We will be discussing the factors that move the market. The balance between the theory and the market itself.
Set your reminder and subscribe to our YouTube channel here:
$SCIJMD.ja published their Q2 results this morning. Here's a
#SOTRSummary
-Interest Income ⬆️32%
-Net Profits ⬆️ 106% 🔥
Sygnus' book size continues to grow which has translated into higher interest income.
Join us tomorrow at 7pm as our team does a breakdown of the National Debate on finance.
It will be an open discussion that aims to put campaign promises into context and explain the possible impact on you.
We'll also have Ramon from Barita discussing Barita's upcoming APO.
Fitch has affirmed Jamaica's rating at B+ with a stable outlook.
Fitch indicated that Jamaica has a favorable
business climate and has consistent fiscal policy aimed a lowering the debt burden.
$DOLLA.ja released its Q2 financials today. This would be their first release since listing on the JSE. Here's a
#SOTRSummary
:
-Net Interest income ⬆️189%
-Net Profits ⬆️552% 😲
This performance was largely attributable to a significant increase in interest income.
We want to thank everyone that came out last night as well as everyone that joined us on
@TwitterSpaces
.
A special bigup to
@kadeenmairs
and
@Gordonswaby
for a very insightful discussion about their respective companies.
Join us tomorrow at 6pm as we discuss the JCSD's new Client Portal.
The new Client Portal will allow investors in companies for which JCSD is the registrar to:
-submit queries
-generate statements
-view dividend history
and more.
Set your reminder here:
We are proud to present our first virtual
#SOTR
session. Moderated by
@guruintraining_
, the panelists discuss topics ranging from Opportunities that may arise in a crisis to the real estate market and so much more.
YouTube:
VM has released a report on the EduFocal IPO. The broker has placed a buy recommendation on the company.
Please see the first page of the report below. Contact your licensed advisor for access to the full report.
$LEARN.ja just released their Q1 result. Their first since listing this year. Here's a
#SOTRSummary
:
-Revenue ⬆️79%
-Profits before taxes of 2M generated vs a 3M loss in the same period last year.
Join us this Friday at 7pm for our final monthly meeting in 2020.
Be sure to tune in as we ask the local financial literacy community what financial literacy means to them.
Subscribe to our YouTube channel here: