ItsMoneyMark Newsletter #87

Regency Petroleum: Basis of Allotment for their IPO – Initial Public Offer, Ready to Go!

Well, the numbers are out… 

Investors who applied to become shareholders in Regency Petroleum IPO, for the “general pool” the most important pool, will get, their 1st 10,000 shares, and thereafter, they will get approximately 5.3% pro-rata share allocation. 

It continues to show, SMEs, the smaller IPOs – Initial Public Offers, if you can get in them, that is where, there is some serious “alpha”, meaning upside. The oversubscription rates continue to be very high, despite Mr. Market being softer. 

ItsMoneyMark Newsletter #77

Jamaica Broilers Group Limited, produces a Record “Tasty Chicken” 1st Quarter

Poultry selling like “Hot Bread”

Listen, poultry, chicken, it is everyone’s friend, whether you roast it, curry it, bake it, jerk it, fry it, bbq it, fry it, brown stew it, fricassee it, whatever your style, everyone loves chicken, and this 1st quarter brought to you by JBG, fondly called “Broilers” in the market is no different. As far as we can recall at ItsMoneyMark, this is a “record” quarter for the Chicken Boss, JBG. Do not take this quarter lightly folks, this is J$ 1 billion plus quarter, not may companies do this on the JSE – Jamaica Stock Exchange. 

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.