ItsMoneyMark Newsletter #94

NCB Financial Group Limited: Hits J$ 75/ share 

Whenever you think you have seen it all, there is always just a little more to potentially come. This recent quarter from NCB Financial Group Limited caught us for one, off-guard. Well, at times, or in their cycles, that is NCB Financial Group Limited (JSE: NCB FG) for you as we embark 2023 and get into stride. 

We are still going to stick by them as one of the long-term winners as we called them before in an ItsMoneyMark Newsletter. We are not giving up on NCB FG just yet, although many will be jumping off the ship, due to, (i) lack of dividends, (ii) the recent quarterly earnings collapse, and (iii) as always other potential reasons when it comes to a stock, etc.

ItsMoneyMark Newsletter #90

Mayberry Investments Fire Power Loading, What’s the Plan? 
Talk about more fire power for MIL – Mayberry. They already were on fire with investments in Supreme Ventures (JSE: SVL) and Caribbean Producers (JSE: CPJ).

The oversubscribed, 2 tranches (there are 4 tranches in total in the offer) closed already for the Mayberry Bond IPO #BondBerry giving them even more horse power to be a dominant financial player, deal maker in the Jamaican Market for 2023, and for the outlook of 2023 to 2025. We can go even further in our mind and say 2027. 

ItsMoneyMark Newsletter #80

Sagicor Group Jamaica, Disposes of Sagicor Real Estate X Fund, Moves On
Wise Move by Sagicor Group Jamaica 

New CEOs, tend to execute their own vision, and tend to get a clean slate or path to implement their thoughts towards earnings, earnings growth. When Mr. Christopher Zacca, President & CEO, of Sagicor Group Jamaica (JSE: SJ), stepped into the drivers seat at SJ, admittedly, he had some “sins of the past” that he inherited that he and the Group, have done an admirable jump, of re-structuring and clearing, so that they don’t weigh down SJ’s earnings too much, any further and definitely not going forward. Additionally, not to spread his valuable management team, too thin either; defined as getting them, at SJ, to spend their best time, and most productive time on the right M&A, deals, and highest ROE – return on equity dealings for SJ. 

ItsMoneyMark Newsletter #79

The Boeing Company, cannot get a Win.

The Boeing Company (US: BA) share price around US$ 138/ 139 price level, with its 52-week low at US$ 113.02. Share price headed lower this past week at BA, as the company agreed to a SEC fine of US$ 200 MM regarding or linked to 737 MAX disclosures. That is BA made misleading public statements in 2018 & 2019. Financially, it does get this behind BA, but people, analysts will never forget those crashes and that period. 

ItsMoneyMark Newsletter #78

Main Event Entertainment Group, registers Brilliant Quarter

A 3rd Quarter to Remember 

Hot to Trot – Main Event – Back in Top Form 

It needed Covid-19, the pandemic, to get to a stage of being more or less behind us, for the place to become “outside again” and Main Event Entertainment Group Limited (JSE: MEEG) would flourish again. Well just like that, here we go. Main Event is back, is an understatement. Patience rewards MEEG shareholders, with the latest quarterly financial reports, MEEG’s 3rd quarter. 

ItsMoneyMark Newsletter #72

Access Financial Services Limited, and Dolla Financial Services Limited

Rumble in the Bronx 

Leading microfinance firm, Access Financial Services (JSE: AFS) is in the market currently for up to J$ 2 billion corporate note/ bond, priced at 11% interest rate. It is unsecured with a 5-year tenor, and the arranger is PROVEN Wealth Limited. As of late, AFS has even been doing timely radio ads as well. The fundraise makes sense for both parties, as AFS’s loan book has been around J$ 4.0 – J$ 4.5 billion for quite a while now. Most micro-financiers fund their growth via debt, loan payables, corporate bonds, and so forth, and notably PROVEN Investment Limited is a top shareholder in AFS, at just under 25%.

ItsMoneyMark Newsletter #70

When any market nose dives, there are opportunities across the board. If you are not careful, take your time to digest the opportunities, be extremely selective, as it can easily become, like a “kid in a candy store, approach or attitude.” Which there is never any sense to that, in buying everything in the store, LOL. 

When you speak to a U.S. Analyst, or U.S. financial advisor, he/ she will say in these present markets, because the market is down across the board, there is so much one could buy, ranging, from, Disney, Snowflake, Goldman Sachs, Tesla, Microsoft, and the list or conversation would go on and on… Each conversation of course would be different. “Disney offers so much value at current price levels, this is unprecedented.” “Microsoft, likewise.” “Tesla, having pulled back 35% – 45% and based on their history is screaming.” And this could go on for hours, because overall, its an across the board drop for the Market.

ItsMoneyMark Newsletter #55

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.