A relatable experience that quickly, animated, fun and in real life speaks, interviews and meanders the Jamaica Stock Market, new capital markets transactions and market moves anywhere in the world.
Super Supreme: Supreme Ventures heading to J$ 50/ share?
The JSE market had a “blip” or pullback earlier this year around February 2022, but since then some selective equities are + 30% to + 50%. Stick with your gut and stick with the stocks posting above average growth, they always come back!
SVL was chilling for quite sometime around J$ 16 – J$ 18 range or so in harbour. It has since broken out to J$ 24 and you just get that feeling it is on the path to doubling…
They call interest rates the silent creeper and the soul killer… especially if you are a business owner, and have some leverage or took on some leverage, for a variety of reasons. You could have made an honest business mistake, a bad business judgement, over-extended your business, decided to go into a non-productive asset, a distressed matter occurred, a super charged growth capital opportunity presented itself or some of all the above.
We have seen some wild swings in the U.S. Market this past week! With the Dow Jones Industrial Average (DJIA), above 34,000 points and below 33,000 points, creating some extreme short-term opportunities across the Market and in particular US$ blue-chip names. We saw 52-week lows or near this price level for well-known stock names, such as, Facebook Inc, now Meta, Zoom Video, American Airlines, Netflix Inc, Disney Inc, etc.
We can add another sleeper to the mix without over-doing it… Sagicor Select Funds, Manufacturing & Distribution (JSE: SELECTMD). Although we think from our investment cultural perspective because we are unique, the SELECT listings need a “face” as Jamaican investors are having difficulty differentiating between unit trust, collective investment schemes, and these listed quasi-ETFs (exchange traded funds). We still tend to prefer and understand, a straightforward company, which is easy to understand, sells a product or service that we consume, etc. Like the adage, we tend to invest in what we clearly understand. This has not changed over time, and more than likely will not.
Better late than never, so let’s wrap up February’s earnings!
Scotia Group Jamaica (JSE: SGJ) released their annual report for 2021. The report reminds the market of when Scotia commenced in Jamaica, 1889. It outlines and demonstrates as Scotia Group Jamaica always does, their financial strength, credit risk management, capital base, etc.
Lots of Earnings this season! Let’s get into it!
Bank of Jamaica, hikes Main Benchmark rate by 1.5%
Well, effective February 21, 2022 (Monday), we kick-off the week with 4.0%, a 3.5% or + 350 bps change for fixed income paper or bond junkies. What a difference a little bit of time makes, and the ensuing, patty, gas, toll, groceries, etc. prices have made, also known as inflation.
PROVEN Investments Limited (JSE: PIL) like many other listed “investment companies” share price struggles have been “real” as really, it is the psychology of understanding the business model or the company for the wider market. An institutional investor or retail investor prefers to purchase GraceKennedy, Derrimon, Wisynco, and the list goes on of not only something they can “feel” or even “eat” but something that they understand easily… Its all about understanding clearly what you invest in…
Opportunity, opportunity, opportunity… Despite all the “blaze” about Lumber Depot, Fontana Limited, Spur Tree, and a few others in the past week, remember there are 8 billion people out there, and a lot, a lot of market cap globally.
Like the real estate market since the early 2000s, if you listened to everyone who gave advice, you would have missed, Jamaica’s real estate boom that still has not stopped arguably. Sauces & bottled water are quite similar. There was a time when it was only Pickapeppa, and in time, Walkerswood emerged… Of course, at some interval there was the staple, GraceKennedy, Hot Pepper Sauce… If you asked anyone, they would immediately tell you, “Don’t venture into that business or sector,” or “terrible idea,” or “it is way too saturated, everyone is doing it.”
The U.S. Fed, Rates Hikes & Interest Rates
.S. President Biden took office on January 20, 2021. He approaches his 1-year anniversary of his 4-year term within a week of today. The Biden team has been making its move at the Fed with the November 2021, re-nomination of Jerome Powell to a 2nd term as Fed Chair.
ITSMONEYMARK 