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ItsMoneyMark Newsletter #95

ISP Finance Services, Loans hit J$ 742.8 million as of Dec 2022

Ripe for a takeover? Based on ISP’s Dec 2022 year end, the loans of the business net of credit losses, (once you take into account cash on the balance sheet) is clearly on its way to J$ 1 billion soon. This makes ISP Finance quite attractive to the leaders in micro-credit. ISP recently raised a corporate bond and this plus existing cash, allowed ISP to end the period with approximately, J$ 255 million in cash & cash equivalents on the balance sheet.

ISP has been a slow, steady hand at the wheel, in the micro-credit business, ideal for a market player looking to add size, to their balance sheet. Essentially, grow significantly faster, versus the organic growth path.

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.