Earnings Season - 28 - Beginner Investor Stories w/@876Invests

Starting point is 00:00:00 Hi guys welcome to Earnings Season I'm Randy at RT Euro and I'm Danai at H Danai and this is Earnings Season a show where we sit and talk about finance in a way that is not boring yeah I have some good guests for you this week talking about finance with the right people for you yeah you're excited and i started these guys you know with these guys from some other gentlemen i should say from short the motor already yeah we showed them up properly so people get two short outs for people you know since i have been interacting with them i've been impressed from the get-go um and then danai had an institute then i met or three three of them at another point at Khalilah's launch at Taken Stock. Pick up Khalilah, pick up Taken Stock. So we have with us three other guys including the founder of 876 Invest.

Starting point is 00:00:57 Is that right, the founder? Yes. Co-founder. Co-founder. That's right. That's right. That's right. No Beyonce. Yeah, the gentleman from a76 invest

Starting point is 00:01:09 yeah thank you guys thanks for being with us this week um thank you for having us yeah and and i'll i'll introduce you probably i'll allow you to introduce yourselves like you if you listen to the part you guys into the podcast wow you know if i said just because you're hearing that you can't deny he doesn't listen to the podcast. I have to listen to the podcast. He doesn't. Yeah. But yeah, introduce yourself. I'll make you do from the left. People not seeing this, but you know, from the person on the left, I'll come here. All right. So, hey guys, I'm Malik Thomas. As the man said, co-founder of 806 Invest.

Starting point is 00:01:41 Hey guys, I'm David Nunes, also co-founder of 876 invest and this is kurt douglas at crlb with two underscores on twitter co-founder of 876 invest you're the man that is the hardest sorry to interrupt you apologies keep going start over let me not interrupt you go again yeah so guys i'm kurt douglas k, or at CRLB, double underscore, on Twitter. Yeah, me that. Yeah, so this is the three. You have two co-founders

Starting point is 00:02:11 and me that. And me that. Wow. He must understand what I'm saying. Well, give the people some intro to you, because you're all,

Starting point is 00:02:22 actually give people a description. You're all very young. Who's the oldest? I think I am, 23 and 22 holy crap so you're 23 you're 23 and so kramer is i call i call him him use a name yeah kramer yeah yeah yeah yeah kirk kirk i'll say kirk kirk and um what i did I thought you were the oldest? Me? Yeah.

Starting point is 00:02:47 No, I'm not. You're not. Tell the people we're talking again, because I know people not going to hear it, because they're not seeing. Yeah, they're not. Yeah. So you are?

Starting point is 00:02:54 David Nunes. So David, I just want people to catch your voice. Malik Thomas. Malik, and that's Malik, so people can get the voices. Malik, David, and not Kramer. David and not Kramer yeah not Kramer yeah and

Starting point is 00:03:08 and your ages because you said you were actually the oldest yeah Malik 23

Starting point is 00:03:14 not Malik it's okay Kirk you do oldest you can list the good Kramer I'll probably go into yeah

Starting point is 00:03:20 but no after after after Miss Jilly after after Miss Jilly J after Miss Jilly J

Starting point is 00:03:29 I have learned to ensure that I get people's names correct I'm putting some effort into it yeah yeah you call yourself

Starting point is 00:03:36 Kramerow investments or something like that or was that that's like you dream thing or that's one of the things you're

Starting point is 00:03:41 pushing towards Kramerow crap you see a girl I like that. If you see a holding company, I'm not... Top 10. Creamer or...

Starting point is 00:03:49 Yeah, you know what's up. I hope I see it. I hope I see it. That's the kind of thing I like to see. Somebody here, I'm not going to buy it now. Before you. Yeah, yeah.

Starting point is 00:04:01 I hope you say that tomorrow morning your company's office is going to incorporate that, right? Before somebody grab it. No tax, no sale. Good. True.

Starting point is 00:04:09 That's actually true. You should grab that. You should, yeah. Yeah, encourage everybody to that. You have a good business idea. You have a good business name. You look a dream. Lock it down.

Starting point is 00:04:16 Take the 25 grand and lock it down if you're serious about it. Incorporation is one thing. If you have a product you're selling somewhere with a name on it, go and get the

Starting point is 00:04:24 the the copywriting done. Jaipo got jaipo yeah i put links for both of those in the company's office company's office you can do online yeah you can get a process online you can go you have to go in in person but yeah and the online thing really saved my life i had to do all that yeah in person you're going back and yeah yeah if i even to follow into it i think you can get some right again yeah so companies office i'm not going to go through my experience yeah so companies office really is is a blessing with the with the online trust me yeah you still have to go in for the trademarks of though but you know not too bad but companies off is really and you can 25 grand no taxes yeah yeah so that's that's great if you really think about it put the

Starting point is 00:05:14 25 grand in protect yourself that's what we're going towards so yeah we have the guys from 876 invest here yeah um young investors what would you guys describe yourselves as because for people who so people who might know you on twitter yeah I know about it I heard here's

Starting point is 00:05:28 see me tweet listen to the podcast here's mention you guys they might have an idea but what would you describe yourselves as all right

Starting point is 00:05:36 so we describe ourselves firstly as a collective of young minds who have the passion and the joy for investing and then

Starting point is 00:05:44 further to that we are just a group of guys who believe that we can make of young minds who have the passion and the joy for investing. And then, further to that, we are just a group of guys who believe that we can make Jamaica synonymous with investing. I like that. Yeah, but we are, though. At this point. No, you don't say. Who else in the Caribbean?

Starting point is 00:05:59 Get in there. We're talking the world. I just wanted to be clear that within the Caribbean, there i just wanted to be clear that within the caribbean of course yeah oh oh yeah no seriously because have you like pre like training there and then stock exchange no no no no i do i do i pay attention to everything yeah and there's some good things here they um the the greatest key buyout was public on the barbara and suck exchange no there are good companies no i'm not saying no i just i tell you why is that like a tip yeah that's why you pay attention to it so that grace key document it was up on the barbara and

Starting point is 00:06:36 talk exchange before it was up on the jc yeah really sometimes yeah and sometimes when companies share sometimes information that way remember you might making my information or so yeah the more you can first who know more yeah the more you can pick up to know publicly is the better that you can you can you can find out right that's why in this game the law is the law is is everybody must want that yes it's around ensuring that somebody doesn't get an unfair advantage of information yeah Yeah. So when you have a fair advantage, like to me, and I don't know, obviously I go into the great ski situation.

Starting point is 00:07:09 I don't, I don't have any extra info that anybody else. All I know is that it was up on the Barbadan website before, before it was up on the, yeah. So it was obviously a public release, but it's like, you know,

Starting point is 00:07:22 you plan to jump first. I mean, jump on me, let's see you jump. Right. But in this age of the internet, it's a, you know, may you plan to jump first. I mean, jump, I'm going to see you jump. But in this age of the internet, it's a click away. Yeah, true, true. Yeah, read it, see it, it fly, it go through the... That's just a quick tip.

Starting point is 00:07:34 Yeah, that information. Yeah, never knock it. But you're right. They're not very active in terms of those exchanges. Quick tip. Information early. It's a Google thing there. Google Alert on every single name

Starting point is 00:07:45 on the stock exchange. Interesting. Yeah, we're definitely editing that out. Oh, yeah. No, I'm not editing that out. I want people to get better at it.

Starting point is 00:07:56 Boom. Yeah, get better. It's all about information so good luck when you start editing it. Yeah. Parsing the information is the real skill.

Starting point is 00:08:04 People can parse information and people can process it which is why you guys in the in um impressed me i just when i saw khalilah's thing and we're having a conversation which comes we're talking about wigton yeah yeah it's a strong conversation trust me yeah you can tell me something i never know yeah yeah which is rare yeah yeah it's funny because i always talk about it i always say oh boy i want to to know more things. I'm very okay with somebody telling me, oh yeah, talk foolish. Probably not in this tone, but you're talking foolish and still, I'm sure you like it. You know, put it in the right direction. Yeah, yeah, yeah, definitely. But you reach a point where sometimes people, after you have the wrong information, people have no new information because you're putting yourself out there to be the first one to get it.

Starting point is 00:08:43 You want to, you think through it first all that so people come with things more as gospel as it's big revelation i've been with already yeah and it's not to say that we don't like when people tell us things oh definitely you know it would be like it's just that is that is that reality and something that i'm sure you guys come across because you pay so much attention to what happens locally in the market that chances are you know things very very early yeah so can imagine I for example Jim and be a PO you know about it because you read about it right and then the next day a newspaper article come up with it it's everybody I work actually about it and then the next day after that other people heard about it since I'd asked about it of course then send it around

Starting point is 00:09:22 from whatsapp so you people know what's WhatsApp message about it right it's now Friday I give it every day them ask about it the whole week them ask about it in your group you talk about it the whole time right

Starting point is 00:09:31 Monday morning you come back in the boss them know about it now them all ask oh that guy the Kramer know him thing

Starting point is 00:09:37 my Kramer tell me what you feel about it you have to talk about it again alright and then it like Twitter but it can't help on Twitter. But maybe somebody,

Starting point is 00:09:46 maybe David Dortred, David and David, because they've seen it too. Maybe David Dortred explaining it and David explain it. And wow, you know, it's okay.

Starting point is 00:09:56 Do the rounds again because everybody see now because somebody now take a screenshot of the tweet and put it on Instagram and the people on Instagram start DMing and asking. And again and again

Starting point is 00:10:04 and again and again and again and again and you talk about it imagine if you know about something from February well I'm November yeah yeah yeah you laugh you laugh

Starting point is 00:10:15 ask Danai when he gets sick of QW sick of QW from about 2018 yeah before it even named QWI from about 2018 yeah before it even named QWI

Starting point is 00:10:27 yeah we'll pick it up before them talk about it but we never know how it was at the time we were just

Starting point is 00:10:34 speculating and then QWI move happened and then after a while it was just we were looking

Starting point is 00:10:42 at some signs certain markets the same thing pay attention to everything certain signs and then after a while it was just we're looking at some some signs certain markets it's the same thing you want to pay attention to everything so you see certain signs and then then finally name it and then 2019 imagine that i remember them come to market october or september september september yeah so september september no but but imagine that's a september so we know something from the maybe the september before i have to talk don't don't talk about i'm bored you know yeah you have to talk about it from january come right back down every minute is news to somebody yes yeah and then imagine

Starting point is 00:11:16 after that no like so we think you know about jam t and what's going on after in jam t and how things are going very very that conversation just started up now yeah which so i'm not talking enough i'm talking enough already yeah being able to shut up or you need to have a conversation that you like a conversation that is really truly like back and forth yeah yeah it become a blessing it'll reach a point where like let's say i can podcast regular say r Randy probably the only person I talk to on the market

Starting point is 00:11:47 where somebody else come to you you're not ready because you know where you're going to go and sometimes you should be quiet and listen

Starting point is 00:11:53 because you might be wrong you're trying to make the judgment so you'll swallow it it's a lesson I learned it's information that way but let me use

Starting point is 00:12:01 that point to segue into since we're talking I use QWA and Jamty as an example. Jamty did drop the numbers. We're joking right before we start recording. What's that thing on YouTube?

Starting point is 00:12:12 Like, reacts? Oh, reactions. Yeah, so I haven't seen them yet. So this is me reading them for the first time. So Dana, you can tell him what you want to tell him while I catch up. I'm a glimpse. And I'll react in the background. I looked where I usually look first. catch up i looked where i usually look first

Starting point is 00:12:26 and then i looked where i usually look first the profit line and there's no profit in the profit line um we did but it's not a loss they made a loss operating revenues note five 433.1 million jamaican dollars for the quarter ended december 31st what is this december 31st is there what okay q1 so they made 433.1 mil in revenue and compared to last year same time when they had made 378.2 mil in revenue yeah yeah and i'll jump to the good part like and i say since people not seen this i jumped to the good part so in terms of net profit they have none they have a loss of 44.5 million jamaican versus last year where they had a profit of 61.7 i expected yeah have 61.7 i expected yeah so you did qw and like that's the last person we'll be coming as we were looking at based on the the movements in the nav

Starting point is 00:13:33 i just need a job yeah so you can we could have tell from long time ago yeah pretty obvious we said it earlier yeah matter of of fact before the month done you'd have been able to tell us a lot is coming because you've seen the trend you know maybe two weeks so there's no way gonna jump a specific way right unless into something magical miracle in those two days yeah um so well i mean my reaction here my reaction 44 and a half mil versus 61 so they made a loss an expected loss what i'm looking at here is that operating revenues are up gross profit is up so yeah the big what to me was the big impact well for me was that um guarantees have affected their operation outside the qdi um you look at the fact that um profits right here right where the profit before our

Starting point is 00:14:31 administration i'm sorry this is the get then i have a laptop other income line other income line yeah you can see where the loss from the qd by we started hitting them there because they can't see that up at that level inside the top line so you said the top line you're talking about revenue oh yeah man so top line is revenue

Starting point is 00:14:51 so if you look at the revenue component the other income we've seen as revenue from QWI or whatever else but QWI

Starting point is 00:14:58 we booked at that point because it's the FVPL in other words QWI jam T itself minus QWI, jam T itself, minus QWI,

Starting point is 00:15:08 seems to have made, probably, they made profit, but, they made profit, but, when they're taking the front, all the expenses, so.

Starting point is 00:15:13 Yeah. So, let me take everything, so. It's good to have somebody here, who can tell all this, and, yeah.

Starting point is 00:15:20 Other than, I mean, we have Adrian here. And Kwame, but we never got into it like this. Yeah, we never got into it. I don't go for a conversation like that with Kwame

Starting point is 00:15:26 reach out to Kwame I mean reach out to him big up Kwame big up Kwame people love that episode yeah and oh but interesting

Starting point is 00:15:34 with people people forget this go back up so the non-control interest part I had to explain explain this week yeah we were speaking

Starting point is 00:15:42 about it in the group when we saw NCB's result and then we saw profit attributable to shareholders and then we saw the non-controlling interest rate. Interesting. So we were discussing... Basically, NCB owns something that they're not

Starting point is 00:15:56 owning, people are owning it. So they have to show that part of it, part of the profits, it belongs to somebody else. They're recognizing the part of it That is mine So shareholders Profit attributes To shareholders of Jamtee

Starting point is 00:16:09 That will be The price of the company That is mine And they're profitable At that level So their exposure It can say That

Starting point is 00:16:19 That's the level of exposure They have to be So it's not making them Fully unprofitable But they're controlling The company So you have to it it's not making them fully unprofitable but they're controlling the company so you have to book it certain ways

Starting point is 00:16:28 and so we're going to discuss NCB I have other questions about that that's a good one yeah we did skip NCB we can talk about it

Starting point is 00:16:36 a little later I like how you're joining the conversation because usually he and I talk so we're just going to talk about something but I'm glad

Starting point is 00:16:41 that we have people here we can talk about I wanted to mix in we'll finish we'll talk because I want to talk more about what we're going to have with somebody glad that we have people here um i wanted to mix in we'll finish we can finish this one and then we'll talk as i want to talk more about what want to happen i see like let's say you have it up to say i have an idea what's going on better than me i bring them a laptop a long time she didn't want me the donation

Starting point is 00:17:04 i did i did the donation. I did it to the guy who had the GoFundMe accidentally. All of them, not accidentally, but I included Danae's laptop

Starting point is 00:17:15 on the 250 US. Oh, that's Blaine. So, yeah. So, Blaine's phone got an extra. So,

Starting point is 00:17:21 Blaine's phone got an extra 250 US. Big up, Blaine. Big up, Blaine. Blaine, they need it more than me I'll pick up that knife for donating I made a mistake in it though I screwed up how I donated it

Starting point is 00:17:33 so it went to the fund but it went to GoFundMe instead of all to Blaine I have to fix it next time the rest came from me and the people who have done Grow so we got the people who did the Grow IPO session on First Rock so whenever I do the Grow IPO session on First Rock yeah

Starting point is 00:17:46 so you know whenever I do the Grow IPO sessions I give half the charity so that was the charity oh that's pretty cool yeah so we're talking about Jamaica Tees

Starting point is 00:17:54 and I said 44 million last Dana you were in the middle of a point I think or you were just saying yeah man so the country

Starting point is 00:18:01 introduced a piece of the company a piece of a piece of the company piece of the company that is due to profits of him that's due to Jamty

Starting point is 00:18:08 it wouldn't the full impact of the loss wouldn't be on Jamty's head so they made a loss but they're

Starting point is 00:18:15 actually profitable in their full ownership of their business okay I have to explain that no I don't think

Starting point is 00:18:26 you have explained it I haven't okay so they own Jamty owns Qdba but they only own 38% or something like that 34% 38%

Starting point is 00:18:33 effectively yeah that's their ownership stake in there but because they consider it a subsidiary they would book their

Starting point is 00:18:40 everything through their profit and loss so all of Qdba's revenue all of Qdba's revenue all qwb's expenses it would act like that's a part of the company but then because they own some other it's what's well qwb has other owners which is the public they have to say that okay so even though i booked all their profits all their expenses whatever i have to take all the piece of the profit that's not actually better to me i forgive it to the to the to the shareholders. So I don't own that profit.

Starting point is 00:19:05 I don't own that loss. That's the shareholders piece. So the non-controlling interest, that's where they're booking the other shareholders. The controlling interest, they're talking about the people that own Jamty.

Starting point is 00:19:15 The piece of QWI that is owned by Jamty will be left in Jamty's profit. Because they made a loss, and Jamty itself was profitable outside of QDBi then the combined the combined effect

Starting point is 00:19:28 was profit to Jamtee so non-country so country interest would be worth something like that yeah

Starting point is 00:19:35 in other words the peace peace so I think for most new people the question then would be you know why

Starting point is 00:19:44 why that's confusing. Why? Oh, because. So, why did they do it that way? We can kill two birds with one stone. I think that they did it because they wanted to keep the revenue effect. Yeah.

Starting point is 00:19:53 And the profit effect. Yeah. Of QWI. QWI. So, this is them as Jamaica Tees who could have chosen to look at the company as an associate. Associate. Yeah. Yeah.

Starting point is 00:20:04 Because they own less so generally you own less than 50 percent or less then you're

Starting point is 00:20:09 an associate so if you own more than that then you're seen as subsidiary but because

Starting point is 00:20:13 Jam T shares directors and they control the company they can say okay

Starting point is 00:20:18 we're a subsidiary they can graduate them as a subsidiary and book them as

Starting point is 00:20:24 a subsidiary so they them as a subsidiary so they just consolidate everything through the P&L anything I may queue to buy happens in Jamtee numbers

Starting point is 00:20:30 and they want that's a vote of confidence in my opinion because they're saying listen we expect Qdeblight to be

Starting point is 00:20:36 so good that it's going to grow Jamtee last year last year alone showed the amount of money that can be made from

Starting point is 00:20:43 Qdeblight quarters they're pulling big money. They got a huge revenue item, and QDB just kill it. The amount of money coming from QDB was way more. Yeah. And QDB now goes through the certain expenses of Jam T.

Starting point is 00:20:59 The other businesses go through. Yeah. So that's the, I won't say the magic that's the genius of of one john jackson and company because he might have a bad team around him too um and and the including how he's bringing up john jackson but i should bring up also the sorry you know i was looking for a name on this so i didn't realize it was like qw document oh david david stevens yes sir david stevens who is oh from infinity capital oh yeah there we go so I didn't realise it was in a QWI document so David David Stevens yeah so David Stevens from Infinity Capital

Starting point is 00:21:28 oh yeah there we go so you're paying attention I sent him a paper back in 2018 yeah

Starting point is 00:21:36 yeah so in the masters we had to do a lot of research in the masters yeah I was confused so I'm going to continue

Starting point is 00:21:44 what you're saying big up imagine that what you're saying big up big up to research people in the masters yeah i was i can't choose someone because i wanted to give it to you at this point we had to um do research papers so the lecturer said you know anything economics related that is um that you have an interest in it do a research paper on it so my research paper was how monetary variables affect the the movement in jamaica stock exchange you send me the paper there too oh yeah wow it's something it's something it's something you like um sure you're okay sharing that yeah man okay you like that yeah because i'll put in the show notes and people so say it one more time for the people in case

Starting point is 00:22:27 they can google it and see it no no it's not it's not um published or anything i have it anybody wants to take a read i can share it so why you know publish it uh because of how heavy it is from our econometrics perspective no but it has published it on an econ journal man you deserve that man you put your work in man yeah man all right so i've got to refine it and all that fine it and do it yeah well do whatever you need to the boy if i help you need for get it published get it published man i like to hear that say it again just in case because somebody might have it so it is um the relationship between the jamaica stock exchange and monetary variables so just looking at how level of money supply

Starting point is 00:23:05 inflation and t-bill rates affect the movement in the in the in the oh in other words oh wow you are lucky that you're able to do that as a um as a as a as a research people because in in the u.s market that's normal that's tracking oh yeah because we're so backward i like that so you're that is you need to publish that but you need to publish that um well interestingly i'm looking at it right here i'm joking about this thing though you want internet investors to bring jamaica for all the investments yeah so things like that so so that that would that was actually an avenue we're looking at so we because of the team that we have eight seven six invest

Starting point is 00:23:51 we're looking at different avenues or ways we can um look at pushing forward the space the investment space so because of my background so i did a BSc in economics and accounting I went straight into doing the masters of econ specializing in finance and development straight I like that so specializing finance and development so because of my background and heavy econometric tools I could use so I like them guys upon Wall Street with just all them that just turn numbers sharing numbers yeah i could uh use that business intelligence tools yeah to try and push forward um the investing space as well and that's the idea i had when i actually did the paper so you can actually work with larry if you grab him quickly in a line that bloom that Bloomberg-like thing for Jamaica I was talking about?

Starting point is 00:24:45 No. So after doing that, I realized that there is actually a relation because I always heard that interest rate move one way, then asset prices move the other way, but I actually want to see, does this hold in Jamaica? Because a lot of the, I realized that a lot of the economic theory

Starting point is 00:25:05 that is actually in the real world well said to be in the real world does not necessarily apply so i actually wanted to see that and then i actually realized that um that'd be his department yeah yeah yeah so so the t-bill rates actually had a negative relationship with the with the stock market and when you say negative relationship meaning that when treasury bill rates are falling we realize that there is a increase in the in the stock market index meaning there's more activity on the stock market overall market cap is increasing in other words you guys discovered that when people can't get easy money from the government they have to go out and make it make it some other way or bake it but what is what is wow what is important though is not is one of those things like when as young guys used to say something

Starting point is 00:26:00 like oh wow these guys just discovered that people like to make money um but now that i'm older and hopefully a little bit more sensible i realize that as much as it might be obvious in air coaster it's not really obvious until somebody proves it so what you went out and is you created a a point in jamaica where we can say that listen at this point i did this research and it showed that there is an ex-relationship between between and it's not hard and fast either but well and that's maybe where i come in where well i have similar thoughts than i and some other things that economists say but and economists also people like to think of it as like a flat book and a set thing it's not just like just like investing it's not a flat set place there is schools as you know of economists that totally disagree with others yeah i think funny enough um i remember we're having a debate one one day in

Starting point is 00:26:50 class and we're saying um three persons who won the nobel prize in econ on the same topic all have three different views yes because i think the latest guy i was going to mention him is one who has more a real world view he's a guy that's saying like, sure, supply and demand rules, that's a hat I want to hit, but. Yeah, I hate that. Yeah, no, but you can, because there are examples in real life where it hasn't worked, right?

Starting point is 00:27:15 And he's a guy who says things like, you know, in terms of practicality, if you make more money, you're going to put more away. And in the book, in the perfect, most efficient human being, yes, but none of us are that guy, right of us are that guy everybody's realistic i make more money i'm gonna braff more right and the reality is i make more money i found out and the bank found out same time and they sent me a bigger credit card limit yeah i'm gonna braff more right and then so the braff section on the budget conveniently get bigger and bigger because human beings enjoy braafing

Starting point is 00:27:46 I don't know if you know it's a thing that we like meaning and I could be getting it wrong but my understanding of his paper and I look his name up to make sure I say it or you can say his name if we think of the same guy but it's that he was he brought more of the real world into it to say yes economic theory

Starting point is 00:28:02 traditionally says this but reality of human beings yeah and human beings have evolved socially over over the time since um was the first since mr adam smith and and friends started out so it's i like that i like that it's not a cohesive feeling i like that it's a feeling which everybody can have a voice that's why i approach say yo i hear as a young youth 23 you say yeah yeah 23 you literally can be putting your voice out there earlier and you can you can quote that paper for the rest of your life yeah yeah you should yeah um karey raymond that name ring any bells to you i don't know what my thought is somebody else who did something for the boj in 2009

Starting point is 00:28:45 I guess is there a long run relationship between stock prices and monetary variables evidence from Jamaica I'll send you the book and I will definitely have it up and people will see it you should put it out there I like that anybody that has any nice interest like that

Starting point is 00:28:59 don't feel intimidated you don't have to be like a masters degree or a DRP me I'm the heavy degree or a paper heavy numbers yeah the heavy numbers guy in the group yeah i like that so that's how the group works some people are stronger in certain areas and it helped i like that's all right money man in the middle what do you bring to the group okay so all right so in terms of the enthusiasm and certain fundamentals to the group i bring and i contribute also the vibes did this man just try to bring the vibes to the group

Starting point is 00:29:32 no as in yeah all right to be honest no it's somebody to bring the vibes that's that's him because sometimes also my two three o'clock the man just like posting tasks like you know it takes correct somewhere i don't think that i was talking to him about a company, it was a barita. Yeah. I had a revelation. I saw a message from the man. The man said, you know, he said something to me and I didn't have time. I said, what's up man?

Starting point is 00:30:11 Man, you live in Bogwok. Yeah, so you live in Bogwok. Wow. I have your masters. The masters from Bogwok. I rate that. I rate that. I rate that.

Starting point is 00:30:19 I rate that. Hold on, you lived in Bogwok while you were doing the masters? Yeah. You did the masters while working or just straight school? So I was working at DBJ for the first year of the masters. That's how I did, I never mentioned, that's how I didn't know John Jackson because he was on the board. Oh, you've met John Jackson?

Starting point is 00:30:35 Yeah. Oh, big up that. I was working on the Access to Finance project and then we were having board meetings and then I would see him and ask him, you know, his two cents about what's happening in the market. What did you think, generally, when you spoke to him? I liked some of his points, but some of them I can openly say I didn't agree with. That's fine. That's cool.

Starting point is 00:30:56 That's so insensible. But I tell him and then we're going back and forth and I say, all right, chap, after a while. What was his reaction to that? Surprisingly, he took it better than I expected because somebody was more experienced than I was in the market willing to listen to me and say, all right, I hear what you're saying.

Starting point is 00:31:14 This is how I'm thinking of it. This is how you're thinking of it. You're looking at it from your background and perspective. This is how I'm looking at it. But that's the same experience. If you know the market you understand it so you got some time so I chop off the run

Starting point is 00:31:28 and then in the second year I did a master's, it was a two year program so started at started at 20 so 20 to 21 I was working at DBJ then in the last year of the program I was actually tutoring ah so you're paying it forward.

Starting point is 00:31:46 Yeah. So, did the masters from Baguac. Travel back and forth every day. Time you have to wake up? Four, four or five. Depends. Depends on it. Yeah.

Starting point is 00:32:01 I know. I know. Yeah. Yeah. Yeah. Yeah. I know you guys. You guys are what I used to look on in the mornings to feel better about myself. Because I'm like, I mean, it's bad. I'm up at five.

Starting point is 00:32:15 But it's those guys. I got an hour more. Yeah. And sometimes when I'm in the traffic, they're definitely behind me. Yeah. Sometimes they're actually ahead of me because I'm up so early. They're not getting the traffic. Yeah.

Starting point is 00:32:25 Right. Yeah. Yeah. But I live in the US, I know that, I know Cesar is at it. I like that I'm 23, but you're smart, you get the hard work in early. So now it's just time for the harder work. Yeah. Just get this out of the way and then... Try to start making some money now. Yeah. And you see, now is the time.

Starting point is 00:32:42 Yeah, you may never get a chance at this in your life again. It ties into the dynamic of the group also, because, I mean, that's why we have guys that are, you know, specified to certain things. When we first came up with this 8M6 investment, we came together, I would be the one that come in to him in the morning and, you know, being like, especially to guys like Malik and Kramer, as you call him, Kirk.

Starting point is 00:33:07 Yeah, and say hey listen guys we realize that for our age group and what we're doing we should be way more enthusiastic about putting this information out there god damn that sounds familiar so when we go sound we say all right you know eight seven six we start this and get serious about it and that's where I realized because for me I know I'm I when I listen to Kirk I know I'm not at that sort of level that Kirk is at and it just further drives me because I'm a youth that is always interested in building everybody else whether above me or below me because a lot of people even if they're very smart they don't recognize the true potential you know or where they can go because sometimes you know certain things like lacking funding and even lacking the support itself so looking at where we are as 876 right now makes me so excited

Starting point is 00:33:55 because i mean just in a short space of time we started this october you know 2019 2019 yeah and when i look at it I when I hear Kirk talk it's like he seems like one of the most brilliant persons I've ever spoken to and if I can help him

Starting point is 00:34:12 to get on that platform so that you know the whole Jamaica will recognise him as you know Kareem Arro 23 with the mask

Starting point is 00:34:21 Kareem Arro investments you have to you have to get it you have to get it You have to get it Because somebody Grab it Grab it from all platforms

Starting point is 00:34:32 So you as a virgin You say Mr. Vibes You're trying to David David Anyway you want to identify Because you call him Kramer No but call him Kramer

Starting point is 00:34:44 Can call himself Kramer But no that's correct kirk malik malik malik so you act like i'm saying wrong david i never said that I never said that to them. I just showed up. My name is David and Kirk. NDK. All right.

Starting point is 00:35:11 I like the fact that you have a different role. So you say your role, you say, well, I don't have vibes. I mean, I understand that. Like you say, the potential in that bridge, you want him to reach as far as he can reach. And also, how far do you want to reach? You can't have vibes alone. No, definitely not.

Starting point is 00:35:27 I mean, as much as it is, the three of us are really the strongest in the group when it comes down to you know reading into the market understand the market and so my role is not only vibes you know i also bring a certain level of intelligence to the group also as a person from the old skirts who was not in finance never understood anything about finance you You know? So the three of us made the core of the group and the three of us, we planned to take this even further than just bringing financial literacy, of course. We planned to make this much, much bigger.

Starting point is 00:35:58 As Kramer said, some things sometimes are better left unsaid, especially when you already know the outcome. Oh, yeah, I see. Yeah, I see. It's only the money. Oh, especially when you already know the outcome. Oh yeah I say. Yeah I say. It's only like the money up. So you plan to just make money? Isn't that everyone's plan? I mean bro.

Starting point is 00:36:12 You'd be surprised. I would be surprised bro. It's not about profit. I thought so. It's not all about the profit for all of us my G's. More than that. And for me it's not just about the profit, it's about the value right? Definitely.

Starting point is 00:36:24 Definitely. Definitely. That's Randy. Jesus, every week then I feel bad. Feel bad? Because I like helping people. It's a broadcast, you know? But I like hearing that because you guys also have a level of visibility that I see you pushing for. So try it.

Starting point is 00:36:39 If I can't help you get the push, you push for it. Because I see it helping people. I have a 23. I mean, think about it it's on light you know but when you read about americans you don't read about americans as oh a guy who roughened up on the corn farm and he was working and he came out he came to wall street and he met up with an old friend and he'd already and tell you about like you know

Starting point is 00:37:00 baxter baxter jay holdings you know led by a couple of MBAs and it's a private equity fund that leveraged up it's the same goddamn thing my lord sometimes it's just three sensible people not just one not just two

Starting point is 00:37:11 you're lucky if you can find two you guys don't even know what sensible people school pushes us together but because it pushes everybody together

Starting point is 00:37:19 but all you get the more you get scattered it's not that many sensible people it starts getting scattered and sometimes and I said that I mean you see the vibe more you get scattered. It's not that many sense of people. It's that getting scattered on. And sometimes when I say that, I mean, you see the vibe that you guys naturally have with each other, where you sense the,

Starting point is 00:37:31 I mean, I'm sitting here, I'm seeing all three. You obviously have a vibe out here. You chill, you're talking, understand each other. You, him immediately just segue into his story, right? And I know it's a naturally push me next to Malik. But I like that. And that sort of synergy is not normally found. There's a be able to find it.

Starting point is 00:37:48 I say it all the time. It's denial alone. I know at this level that I talked and I got to 30 before I even knew who denial was. Right. So the fact that I have that kind of, that kind of synergy already is great. So don't take it lightly.

Starting point is 00:38:00 Don't take it lightly. If you plan this, we'll go far, go far. There's no limit to how far you can go because a lot of times it's just described as oh i met this guy and i said oh you know him after he met you know him after he did his masters and say yeah i know him so i think he's now while the money takes oh i don't have a master's and he was 23. i had to write this paper when he was really really young and you guys started testing you didn't you have the ability to do something

Starting point is 00:38:20 that many economists don't get a chance to do to test your actual theories yeah to actually see practical results from their thing and your young that don't don't lose on that chance vibes man

Starting point is 00:38:31 come in if I'm coming with the vibes and the sense and the money and to me as much as I'm joking about the vibes

Starting point is 00:38:35 that I understand so much what you're talking about because it sounds strange but 2.30

Starting point is 00:38:43 yeah when I'm actually bringing life to the numbers because after looking at the numbers over and over again it sounds strange but 230 yeah when him actually bring life to the numbers because after looking at the numbers over and over again more

Starting point is 00:38:50 you miss certain you can't get lost you get lost in the numbers and then when Nunes come in the group 230 and say yo

Starting point is 00:38:57 must say X and Y and this and then man say wait need to just see the numbers but never see it how him see it because of his personality

Starting point is 00:39:07 and how he brings it across. It's definitely an asset to the group. Yeah, and I'm not knocking that but also on his part, you stick with a good group when you find a good group especially somebody who you can message three o'clock in the morning about some money and some stuff and everybody says, no virgin for money you can't no no no trust me my my friends my friends if i'm in an emergency and i need them they'll they'll i can message i can call them but if just random three o'clock so just wanted to blow all the time no not all of them on you know that's on and busy on them but we know it i know because three o'clock in the morning yo more sleeping about me just need to check to see what the issue chair count was and see if it matched back yeah all right i'm gonna check it i'm checking it means something

Starting point is 00:39:48 to me i'm starting both time i'm writing a message i'm sitting until the night exactly yeah exact same thing and then i can go further you send it and you say to yourself yeah i'm sending it on you know in the morning when morning, when we wake up, I wake up, my sister answers, respond. So you know, to go on and do that. No,

Starting point is 00:40:11 but can't respond and say, oh, I'm sorry to eat that. And then go, but wouldn't it, and then before you know it, five o'clock. No,

Starting point is 00:40:20 yeah, seriously. Feel bad, can't even believe, five o'clock in the morning, and him go work, and still up on the same time as you. So, yeah, seriously. I feel bad because I'm a Philips. Five o'clock in the morning, I'm still up at the same time as you. Yeah. Right?

Starting point is 00:40:28 But I'm saying all of that to say, don't knock the fact that you managed to find not even just one, there's two other people where you can have that kind of conversation with that kind of immediate, like a meeting of the minds. Yeah. And the longer you guys work together, the more you work together, the more you do stuff together, the more automatic that work into that synergy becomes yeah you can almost reach a point where you i i made a tweet about the reverse takeover yeah literally just tweet a reverse takeover right um and it's funny because before i made that tweet then i and i were in a

Starting point is 00:41:02 conversation i literally got to a certain point and show me something i literally just said reverse takeover whenever the back end conversation as to why and what could lead it to whatever it's literally because we've been literally even doing this for so long so long and i want to say so long time long than i doing it until you're two going three years now three years three years going four three going four years now oh february no starting in february 2017. wow congrats three years yay this anniversary came a while it's last yes oh i should say as you say anniversary today is the anniversary today we're recording this as you well i don't usually say it because i don't know in this call but this one i said we are recording

Starting point is 00:41:39 this monday february 3 2020 february 3rd um that was a chance then I to correct me yeah Monday February 3rd and it's 51 years officially today since GSC started your official trade. That's based on what they say. So it was February 3rd 1969 that day at the first day of trading at the JSC happened. Before that thing, there were the Kingston Stock Exchange or something. Funny story. You guys, I remember what I was saying. Anniversary. Oh, the anniversary, yes. So, yes, it's February 3rd, 1969, 51 years ago,

Starting point is 00:42:17 that the Jamaica Stock Exchange officially started, based on what it is. Oh, and I was saying that, funny enough, I found an early stock sheet, which spoke to times before that and it was tag jamaica stock exchange also but i guess you can never tell i'll put the i'll put the double both up in there so we can see it i'll put i'll put um the the the both of the pictures that i have open i see your your your your um signal in oil i got david saves well it you're signaling oil. I got David. It was on February 1. That's what you're wondering? Oh, no, no, no.

Starting point is 00:42:48 Oh, yeah. I wondered that too. I wondered that too. But it was Monday, February 3, right? So I'd assume Sunday, Saturday. So yeah, it's just a good day to know. I'm thinking about that, to the fact that you guys are here now.

Starting point is 00:43:03 And to me, it's a big deal, but you guys are even younger than me so to me it's a big deal to you guys a big deal to i think if you can imagine if you were alive on that day are you wondering yo how far can this go because yeah february 1969. that's how it all starts you know you know like the greatest things when they start you're just like hmm i wonder if this is going to last 10 years yeah when they last 10 years they're like what hmm. I wonder if this is going to last 10 years. When it lasts 10 years, they're like, what if it's going to last the next 10 years?

Starting point is 00:43:27 I just continue. That's it. But I know that there must have been, the thinking must have been that it's going to last. I was expecting that it was going to last. It's just that if you think about the democratization of it, right? Because I don't think that at February 3rd, 1969,

Starting point is 00:43:40 the gentleman in that room thought that these five, us five gentlemen in this room would be the guys talking. I i i think so far a good conversation about the market although we don't really touch on the market heavy yet yeah and malik get west of fire and get pants and another hard question hard answer from me because i know the jam t and they know that um ncb and and them take the the the easy answer cause the five span take the vibes already so Malik what you bring to the group um just mainly experience because um i'm 22 right but the thing is i've been trading for um third third farm third farm third farm yeah i get that yeah third farm so my actually my first stock was cable and wireless that's why i was looking at you guys with it yeah that's what the first trade our first stock yeah yeah it came out as my first thought i actually bought that 14 cents and i started

Starting point is 00:44:29 in third form to 14 cents 14 cents and it went up to a dollar forty and i know i remember yeah for the for the seller he remembers also yeah so the number 14 cents i remember number portability i have a tweet about buying. That is exactly. You could not have been following me then though. That'd be weird. Thank you. That'd be weird if you were following me then. So yeah, number 14, that was my first big thing on the stock market.

Starting point is 00:44:56 Because third of all, I'm not really know them things myself. It's my brother. My brother was sitting with me. This is going to happen X, Y, Z. I was like, hmm, that makes senseyz and I was like hmm that makes sense and from that everyone seems to have just and your brother

Starting point is 00:45:08 is still into it yeah man yeah you can you want to shout him out so you know call him oh hell

Starting point is 00:45:12 big up Daniel Thompson you know J-Man B oh what why do I feel like I know that name no because radio

Starting point is 00:45:18 ah for a second I thought it was the same same Daniel Thompson oh now I feel like I know Daniel Thompson from J-Man B

Starting point is 00:45:23 I don't know that one sorry I don't know alright well maybe you do like I realize there's a lot of person in the space they actually do know him so know him or your brother no I'm my brother oh okay he's in he's on the equity side of the business yeah he's in the equity side of it yeah maybe probably write something yeah he writes a lot of things for JMNB probably see him name in the in the in the reports that they're doing now. Yeah, yeah, yeah.

Starting point is 00:45:46 Because they've now started to do a lot of that. Yeah. Making sure that they're tagged a lot. But yeah. Wow. Cape Town, Wallace, Jamaica was like my first. Wow. Looking back right now, it's wow.

Starting point is 00:46:02 It's because I'm afraid for Thelon to make a thousand percent funny. No, you can't pray for Thelon. If it's one place, it's... It's because I'm afraid for telling him to make a thousand percent funny. No, you can't pray for that. If it's one place it's okay for you to say that. So if I book shuffle, book shuffle.

Starting point is 00:46:11 Yeah. Because, so like, from the jump, him go, boom, thousand percent. So, you can't tell him to repeat that. How long?

Starting point is 00:46:19 He probably has never. No, actually... Why you repeat that with? A thousand? Why you repeat that with? No, a thousand. A thousand is kind of enough still. No no but there are things you could have repeated it with no I repeated 500 multiple times because I bought all the last cuz very very cheap and you bought them early yeah I bought them at like 80

Starting point is 00:46:38 cents all the 80 cents between 80 cents and 75 to 80 cents all them and then right now they are some necessary send us all them like when they yeah there's a lot of stocks at a bottom because at the time I wasn't actively I didn't buy Jim and be at $4 but the buyout period. I did buy GMMB at... And what else? $4. But the thing is, I never ride the wave, come straight up to what it is right now. Yeah.

Starting point is 00:47:11 Barita, that is. You know the joke about Barita. So let me tell you the joke about Barita. Yeah, what's the joke about Barita? It's a big joke. I still tell you the joke about Barita. Continue. So, like, my brother, he was like, yo,

Starting point is 00:47:23 you feel something bigger going on with Barita? I was like, all right, cool. And then we, can you figure something bigger out with Baritone? I was like, all right, cool. And then we started talking about it because it's like how Abung's ideas are for him. That's why I'm with my brother. That's Abung's idea. We got both my brothers. They're both listening now.

Starting point is 00:47:34 Oh, really? Yeah. So, Abung's idea, we're talking about it. So, we bought it at the nine. Cool? And then it was literally right before the announcement as to what's the buyer price and all those things. I'm like, all buyer person all those things so you know that there was a little buzz in the market so I think you went up like yes, Craig, I was thinking about IndyCos. No, it's true.

Starting point is 00:48:07 That's his shit. No, man. I'm well aware that I watched IndyCos. But I was like, 1915. And then he's like, I saw the buyout price on the jump. Because the buyout price was like, I think it was like between 9 and 10. I was like, all right. So the price jumped.

Starting point is 00:48:20 I was like, ah, I feel good. And I saw that first report. I could not catch that train again. Literally just fly. I couldn't do it. Why not? It was on sale every day. So what I mean is I was using Moneyline. Every time I put in a bid, it just fly past the amount.

Starting point is 00:48:36 And it's like. I would have gone and said, I figured. Yeah, that's exactly what happened. All your training platform all the time, yeah. But the thing they were in. Because JMNB, they've been open about the fact that they've heard that and they're going to. When Bar into 50 fix and then improve i said oh cool you drop a nine i think i mentioned it to Randy the time.

Starting point is 00:49:07 You must know about it at the time. He's 50, he's 45. That reminds me of my... But he's 45 though. But the thing is we were moving up and Randy called it at 30. Oh! You called it a money line? No.

Starting point is 00:49:22 No, this time when it was at 30 you probably have been on j-trail that was actually a lesson i learned a specific lesson during that time that's not you need to learn to which is like if you did what are you looking for for the stock right mm-hmm like if you're going to do that goal all right so if you use a barita example right you know seen ten four or five you buy it all up to eight nine and at one point burrito would have been anything crazy couple months it is jumping from nine ten when it's at 33 imagine I take up on from 933 months later you definitely miss the boat right yeah right but thing about that today when he

Starting point is 00:50:15 was at 33 and you were sure but you can never have no more left to go no more juice and a left another inch we are we are We are there now, almost a year later. Almost a year later. Months later. And it is now 70 odd. It's more than 100% ahead of where you would have thought it was. We might actually change from 100. Alright, yeah, touch that.

Starting point is 00:50:40 So it has touched that and come all the way down. We were saying that on the press. So, with that in mind, why think said it you missed of train yeah and the lesson that I learned was understanding what you're looking for going into an investment yeah I mean that in anything what are you looking for so you can define exactly looking for because if you're going at 33 and I say all right this thing run from nine all the way up to 33 all right and eat that food already or maybe you jump out at 20. you consider jumping back in at 33. why are you jumping in yeah don't make it be about you didn't do this

Starting point is 00:51:19 which is smart but don't make it be about uh the trainer running if you're going to jump back yeah yeah you jump back if you jump back on the You jump back on, if you jump back on, they'll stop then, I'm gonna say. Yeah, yeah, then you're jumping back on because that's formal, you know what I'm saying? You want to be part of the people talking about, yo, man, they're panicking, you're supposed to reach 100, I mean, whatever,

Starting point is 00:51:34 then me and the fool will sell when you're there, right? Yo, guess what, bro? You made some money, yeah. Most fools lose money. You made some money, you can't, there's no question there, yeah. Best thing I ask know why it in there so you were 59 250 mm-hmm you saw a window by whatever happened happen so you can look over in the future if something similar in a next time yeah and you didn't do you have lost any

Starting point is 00:52:01 money you literally haven't lost anything yeah 66 is not a joke you cannot lose by taking profit once they have that philosophy there we go yeah because the alternative that we think i was losing is that i took that profit at 66 and somebody else get 270 for the same thing all right cool yeah yeah yeah that's the yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah exactly and that's the secret to it that's the secret to getting it right because once you pay attention to what you you know for a fact that you're doing mm-hmm once you achieve that in anything I thought is gravy yeah and

Starting point is 00:52:41 yeah that is great but that's a lesson I learned if you know you're going in for everything becomes easier so the secret to investing every single time we're going is well going in this thing for and for how long yeah and literally that the longer I've done that is the is the more it has is the more it has worked for me and served me throughout the years till you find out that is exactly that is hold on the the the more you do that I'm not I say no velocity at a point is that going to everything with the goal ahead at time it's on silly but do it you know so if I'm going at 33 and going in knowing that I'm making what you want I just make 66 on this I don't

Starting point is 00:53:31 know if this point it's a lot of 15 maybe I'm going to turn the chair of taking a 20% all right so you're going inside I'm going a territory and I just want my 20% so I need to come out at 39 points yeah well really straight nine point six they have to take the fees the buying fees and in the setting for example once you're done here you're my I'm like I hear when I look at the company I'm going to do like even wait I think we've done for example i was like all right cool money you can also make 50 you're okay you're saying so i just aimed to meet my 50 everything apart from that i'm like okay and that's why you need a vibes one you know what i'm saying can just literally say you know we decided well we said it on the podcast didn't we the q1 q1

Starting point is 00:54:30 yeah we tried this stuff like i would have the values to race against i don't know i'm nowhere in q1 right now in terms of my games yeah but you're close to it's not like what we're doing it's not an easy thing right yeah 30 percent of the end of march is not a joke thing it starts at january what move in january i'm sure i heard i stopped that movie then vmail vmail take two wings and jump off a cliff and phew, soar. That's the only way it gets to you. In January, and you say, all right, your place don't come true yet. Every time,

Starting point is 00:55:08 you want for it to come true. But people tell you, it's in your money already. And to that point, I have a cousin. So, he got into investing and everything and then I remember this was

Starting point is 00:55:21 last summer and we were talking about this was when simultaneously JSC and Wisinco did start to move. The two of them every day, the two of them boom circuit breaker, boom circuit breaker and he said, what do you think about Wisinco? So I was telling him that I said to move, to move. I asked him why he won't buy it and he said he won't buy it because it's a move. Well, the P.E. ratio upon it at that time was 30 something times. And I explained to him what, you know, P.E. ratio is and all of that. I'm saying, you're comfortable buying at this?

Starting point is 00:55:55 And him I say, well, I see it's a move. I'm saying, all right, you buy in here, you get in here. How you going to exit? At what price you going to exit? Talk to them. How much percent you going to get? Talk to them. So I'm asking how much percent you going to get? And him I say going to exit. Talk to them. How much percent you're going to get. Talk to them. So I'm asking how much percent you're going to get

Starting point is 00:56:07 and they're going to say, well, I don't know. How much further do I get? I'm going to say, don't buy it. And then it moved from like 28 and go back to like 24. My cousin said, how much are you drinking? I see him about three at a time when I'm getting a drink. But still. I've seen about three at a time when I get in a gym

Starting point is 00:56:23 but still but yeah but but but I realise that when talking to persons especially when stocks are running

Starting point is 00:56:31 and they say I just want to get on it and move I can't make it move with me but when you get on you're probably at the end of the run still

Starting point is 00:56:38 so you have to you have to you have to be careful and mindful and all of that yeah because at the end of the day you need to realise your and mindful of all of that. Yeah, because at the end of the day, you need to realize your gains at some point.

Starting point is 00:56:49 What is unrealized gains? Well, yeah, so for me, there's a whole heap of lessons. I said it's how the conversations have happened, you know, because, well, let me not assume. I always talk about the conversations from the perspective of the levels of money and the levels are investor because they're different things when I talk from then I talk frankly is what you do in your 10 grand 20 grand your 50 grand we are 100 grand is different from what you do in your million million oh you got all of those levels is also different based on what your objective is yeah yeah yeah and yeah what I would do aggressive what I used to do as aggressive at 10

Starting point is 00:57:32 grand it cannot work at 100 well it can work below a mil it closely gets a mil harder it gets right but there is a level of aggression at a mil it's just a different thing. It's like you play a game. It's like you play FIFA. Division 10. What you need to get to Division 7 is cool,

Starting point is 00:57:56 but what you need to get past Division 7 to Division 5 is something different. And then Division 4 to Division 3 is like an amalgamation of all of those plus something and they still not reach this one yet. Yes, you know the money, yeah, you know the thing about it is the money feels same in terms of the equity field

Starting point is 00:58:15 in Jamaica, but you know, good character of the world, but you look on the world as whatever the sharpest, greatest, I mean, I rate, rate that though. If I consider in the nine, ten region, all right, where am I now? Because at the same game, the two of us play. Right. So what, where is, where is he versus where I am?

Starting point is 00:58:34 And what are the skills that I have to use at my level? If I won't go there, so what skills do I have to use to reach out there? And that's for the hardcore. Because the conversation is the same if it's just somebody who, I just want to have some extra money and save for the future yeah I just want to have a supplement to my pension I want to have a little money we can go in at a Christmas you know you can do something like that to you even if that's your objective what you have to do to achieve that is something that

Starting point is 00:59:02 you have to know before you put the money in you get me you can buy the IP on in a hope say about the car you know now pay for that thing about Amazon with the money did you know but no but a QWI must go up word said it no but no you times a John Jackson great in great yes it must go up yes I like that what I wanted I wanted to bring to the point of IPOs because that is obviously some hot you guys would start so you say you started Malika say started in you in high school turn on which year 2011 make sure some feel old Damn Damn Then I used to Make sure it's my field All Damn 2011 Third farm

Starting point is 00:59:46 Damn Yo Long time ago Your grandfather And I team 2011 I'm kidding I'm kidding

Starting point is 00:59:57 I'm kidding But Yeah so It actually Marks me Damn I forget the point I wanted to make I I just had a good point you know. Oh no sorry, IPOs. Yes, so if you start 2011, you don't know but maybe you wouldn't have been into it.

Starting point is 01:00:13 So when did you guys really get into it? When you started I said, yo there's money in this thing. My first serious purchase IPO wise was with Synco. With Synco? I actually read the entire prospectus understand the prospectus everything ah yeah exactly I'm doing this I'm trying to figure out how to make more money and multiply my earnings I wanted like my goal personally always try to make although sometimes difficult but I try to make close to double

Starting point is 01:00:46 what I made a lot the year before. Yeah, try 100. How much did you rise to our percentage? Percentage wise for me personally. Straight up. So I want to always double that. What's it been like? For the past two years it's been okay.

Starting point is 01:01:00 Not okay, have you made, have you broken 100%? Yeah. How much have you made? Meaning percentage yeah you've broken a hundred percent yeah how much have you made if you meaning percentage oh percentage if you don't mind oh no no um year one it was 100 and i barely made it i think it was like 103 i have to look back in my book and in the second year it was 110. wow it's not been bad so far oh but wait what i think so i somewhat networked right no i'm with you i'm with you yeah i'm just thinking in terms of time because that's just two years oh yeah or this is two years

Starting point is 01:01:29 since you started okay so you started okay yeah yeah yeah vibes man yeah so i started with the one that everybody was on the major train for what is that we've done the height so that's right i first experienced this hype wave of weak time i was like okay i have no idea what i'm heading into yeah tell the people your age i don't know if i asked i'm 22 also okay so 222 is on a 23. yeah all right so i was going on this just based off of, okay, yes, government is divesting some of its assets. And I'm like, okay, everybody wants to be part of it. Renewable energy, everybody likes that. And I'm like, okay, just simple fundamentals.

Starting point is 01:02:15 And I'm going in, no numbers, no anything. Just off the pop, it was about a month later. And I was like, okay, do I check my stock now or do I leave it for, you later and I was like okay do I check my stock now or do I leave it for you know I started getting acquainted more

Starting point is 01:02:30 with these guys and talking to them I'm like wow I should actually pay attention to my investment you know I thought it was just

Starting point is 01:02:38 something you just buy and leave and then instantly I realized I was up 65% and I invested a lot of money in weekdays. So that 65%, I was like, wow. And I run to Mumi, I said, Mumi, just make over $2 million.

Starting point is 01:02:52 She was like, what? What do you mean? And I'm like, yeah, Mumi, the stock market, I forgot to take this serious. And right then and there, I realized that, listen, if I was supposed to keep my numbers, I really had to, you know, be a part, understand and be a part of people who actually know more than me. Yes. Yes.

Starting point is 01:03:14 Yes. Yes. Yes. Yes. This is where these guys really acquainted me into the group. And, you know, let me understand that. Okay. Yes.

Starting point is 01:03:22 This is what we do. It's before 876. It's just a WhatsApp group. Yeah. You know then and there we start springing ideas became more ipos then came more stocks you know um i was part of the barita second rights issue and also contrary to everyone's um because it was also select f everybody was looking on and be like i'm not sure if i'm going to participate i'm not sure and i was saying to the guys boy i'm gonna teach me a full up on nothing and i'm seeing that it's a dollar 15 and i get in the tactic was that dollar i'm like you get that 98 man so i'm like hey listen i don't know about you guys

Starting point is 01:04:22 explain that for people who don't know why was it why is the difference between why was the difference between you getting it at a dollar and 98 cents yeah because as a client you get it in a special pool and that pool had a lower price yeah it was um if you have one of their stigma equity funds you just have to be a client client clients or employees and um everybody's just got a lot all right no, you know, I just remember I said the people are listening, so yeah, someone want to say, someone want to know, say, would have known the thing. But I like that because again, all of this we done listing May, May 29th, that's been one year yet. The man them kill one group already, big up Wall Street. The man them found them own thing. I know them, them found my YouTube

Starting point is 01:05:04 I pressure, I pressure YouTube I pressure Uncle Michael Michael Leach so I'll bring it to that you guys were you specifically David you were at the the 2020 AGM

Starting point is 01:05:19 2019 2019 AGM for NCB. And I'm going to see your pressure, Mr. Michael Eachin there. I saw, I saw, I assume that something happened because I saw a picture of you guys, I guess, either talking or you guys posed with a picture of him after what happened there. Well, we simply, I mean, this is Michael Eachin. He's the big financial mogul in Jamaica

Starting point is 01:05:45 so one of one of one of no discounting itself actually mean but there are some real real people out there yes yeah so we went to him of course as it's m6 I was looking more exposure who wanted a direct speech with him in terms of to understand certain dynamics that's happening in the financial sector. And also to get certain insight on what to look out for, certain guidance as young people that he might have missed or just wanted to pass on as well.

Starting point is 01:06:19 And his eyes willing to share. Eyes willing to share, yeah, yeah, yeah. So he gave us small words of encouragement um he was really keen to um understand what 876 interest was and he was really saying i see you guys come out to the agent to murder us with questions i mean you're preparing with a question well the question i preferred him with was related to foreign exchange it wasn't a loss but really and truly was just a certain fluctuation that I'm constantly seeing across the market, especially in financial stocks,

Starting point is 01:06:50 where you find that net gains or loss on foreign exchange tends to be something that is very volatile. So if I can tie it to Cygnus in 2018, big loss in terms of foreign exchange but you know in Q1 and now we see them basically just

Starting point is 01:07:10 recovering and they're not even recovering they're killing it you know coming forward so I mean it's certain things like that and

Starting point is 01:07:16 the more I start understanding the market more looking into the market more you realize that volumes volatility just certain fundamental upsurges can cause this guys even

Starting point is 01:07:27 this new coronavirus now you know i think i think currency you know this is just funny things like this in the market that makes me as a vibes man so excited you know i'm so excited that you know it says i mean like i met him before so no he's really a vibrant, man. But the question was what non-math people are calling boring. The question is boring, but I was excited to hear it. In fact, I guess right now I'll cut it and I'll allow people to hear what the question was. So we don't have to listen to it, but they do. Next question. Good afternoon, everybody.

Starting point is 01:07:59 I'm David Nunes, co-founder of 876 Invest. David Nunes, co-founder 876 Invest. So looking at page 197, where it says gain on foreign currency and investment activities. Just need small guidance and a small, not much concern, but small

Starting point is 01:08:15 guidance on the drop-off of the group, where we see in 2019 it recorded approximately 14.7 billion, and 2018 was 15.6 Just looking at it in detail. You see where net foreign exchange gains fell slightly 2.9 billion in 2019 compared to 2018 where it was 3.2

Starting point is 01:08:40 also loss and sale of debt securities held for trading, we see a loss of $25 billion in 2018. So just those small numbers there, we see where the main majority of the losses were incurred. Do you think that with the incoming BOJ FX swap deal agreements will net foreign exchange gains or losses improve because we know I personally have seen where a lot of companies have experienced problems with the net foreign exchange gains and losses in their reports because of the volatility of the dollar versus just, for example, the Jamaican dollar versus the US dollar. Or is this just a one off loss that was experienced during this period? They just heard it. And I guess it's a long question. It was a long winded But I realized I had a lot to get out in the question and you spotted it. Point I wanted to point out Is that you're asking this question again people he has not been doing this for one year yet

Starting point is 01:09:53 I mean you win the lotto for the first part So you make two million dollars in your first try boom, but what I like is the man never take it immediately and say Oh yeah, he never turns into IPO lottery you never start playing IPO and I respect that because I think when I when when was Khalil I think October maybe yeah so early October early thing yeah big up Khalil and taking soccer again but if it was then I mean that mean at that point you'd have started I mean the money no we've done we can listen me no to me well of me June July August September and I start off about six months in and when I had a conversation with him it was not it was not low-level conversation yeah yeah yeah so yeah I

Starting point is 01:10:38 like that's an untick it serious what's your background well I I started you I was doing physical therapy yeah and what had happened was that my uncle who was my main supporter in terms of paying my school fees and she got sick and I know had to take care of him basically cuz he lives by himself he's in a household by himself he has a major estate and all of that so he needed someone to come around him and as a matter of fact i saw that second nature because he was the person who really took me through school my entire life gave me dad like advice throughout my entire life so my focus had switched and now i became more in tune to understanding how to run a household because I was not responsible for paying the bills of the house um for anybody a hospital visits wow um all

Starting point is 01:11:32 of that and it just immediately changed my life and he passed eventually and this whole snow and this estate was left to me to manage and so after he passed you i mean at this point now you have had to develop these skills like you said yes and i started airbnb the first thing i venture went into was airbnb a lot of people do that so i started to start make some money from real estate yeah started airbnb um the house and you know this is a house that is close to the prime minister office and so so you know okay that's a big airbnb feed you know this is the house that is close to the prime minister office and so so you know you know i get some nice corporate clients meet people start understanding certain aspects you know and i started getting into you know oh so if i making this amount of money but i paying this out of one time okay yeah so this that i've made that goes to bills and now this is mine Mwen menye ki anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman anman an really cover my school fee. I'm going to pay my school fee. And I actually did something that was so strange.

Starting point is 01:12:46 I had all this money gathered up. School fee come and pass and I never paid. Word. And I look at it and I said, mommy, you know,

Starting point is 01:12:52 I think my mindset changed. I want to go into something more numbers related and I want the business. I said, I want to pay school fee. I never paid. I invested back

Starting point is 01:13:02 and doubled my money. That's the school fee That's what my I did That's how I got I invested my entire school fee For the past I invested my money

Starting point is 01:13:13 For the school fee You invested school fee For the school fee You invested instead Hold on You invested school fee also Alright hold on Because I know

Starting point is 01:13:20 This is going to be twisted I am not Encouraging anybody Oh no no, no. Me either. Yeah, that's not an encouragement. Just because you hear

Starting point is 01:13:28 me sounding happy like I rate my name, I rate my name. I'm not encouraging anybody to do that. If you're in school, especially if you're young, I know some people

Starting point is 01:13:35 used to do this in high school, stay in school, get to education. It really is the key. There is no knocking that the education is strong, my lord.

Starting point is 01:13:43 True, true, true. Yeah, that's the difference. It's my biggest qualification. Yeah, yeah. I'm going through five here, right? Here we go. is the key there is no knocking that the education is strong my lord yeah wow wow sorry that that that impression so yeah please get your education that's not what we're saying true we're not saying that the people who are supposed to do this they know within their heart that they should do it and everybody around them supposed to tell them don't do it all right so i don't want anybody to say that I'm here on the earning season podcast around they are denied it tell anybody said it must invest them school fee I will not say into that I want to

Starting point is 01:14:15 be very clear having said that data work are my dead cut the truth is, this money will save my life anyway. So I rate that. Wow. And you told your mother before? You, David? Yeah, I told her. I said, my boy, I'm getting really in tune with this numbers game.

Starting point is 01:14:42 And I start doing a little reading. I start picking up little tidbits from these guys and just popping and looking in on the markets i'm like hey listen after investing we find something because i started off with just regular um subject started off with sigma equity you know big ad yeah man first year for a whole lot of people start off that way yeah First year of Papa get, for the year, it was about 30, 32%. Yo, this guy is really lucky.

Starting point is 01:15:12 You have ever checked the history? You ever checked the history of Sigma Equity over the years? I looked at it for a five year period before. Before? Yeah. You remember it? It moved from about 18%,

Starting point is 01:15:24 18% come up to 29 29 I can't remember the exact duration the very first one was 18 yeah I mean what I mean is that like you're you are an example of enjoying the rise in the market you only people in a holy but those things are never made money but you come into it when it it's that right yeah my general make 30 right off but you're the entire market rose 31 last year yeah you get in for your first league and then you take that continue sorry you don't have to stop because every time you say no i'm very surprised was that a school fee no that wasn't a school fee okay okay that was some of the airbnb money and then i was like okay um use that and because that that was before we done it so that money they end up

Starting point is 01:16:07 pay some school fees yeah a bit after it and then um at this point my i had an account that my i just got in my name because it was in trust to me i get you so you're just clearing and then i was like oh yeah now i have access to this account and this account I'm caught on a money so you open an equity account yeah so bomb I say right away I look on my life and I said boy I see myself going a different direction and I mean this may be very unorthodox but I'm going to take a bold move and at this point I used to watch a whole heap of motivational videos

Starting point is 01:16:46 and really follow you until you're like that. Like which one? You're watching the Will Smith, the Will Smith. I won't get off the treadmill. Will Smith, used to watch couple of radios, videos, you know, short videos. Yeah, yeah. You have this thing that comes on about A-lucks,

Starting point is 01:17:03 you know what they tell you about you know so yeah man i used to watch a lot of a lux videos too and you know the bright side of rich people that is you know looking at robert kiyosaki how he did it and i'm like wow you know i've always been a person that always challenges popular beliefs i've always been one to say, is this really what it is? Just like what Kirk said about him doing research on the theoretical versus the practical value of the economics in the market.

Starting point is 01:17:33 So I'm saying, all right, practically, I'm going to work in my field. I mean, this is the amount I would earn, whatever. And I'm like, I just collect 32% of my equity. And this is money I just sit down and put it. I'm like i just collect 32 percent of my equity and this was money i just sit down

Starting point is 01:17:47 and put it i'm like it's not only about money still but i'm also loving it i'm so enthusiastic about it building my confidence going forward and i say you know i won't create a business like what these guys have street investments word you know meaning like an investment house yeah man investment house and i'm sad brainstorming and saying I need to link up with guys that are at a higher level than me So right there off the bat, you know come out a week down again showing the school fee come out a week down with more Jump to select F. Make the same money over week down again jump to barita Hold on, hold on select on select f now no it went as high as one one one one dollar sixty five yeah i'm letting you go down i remember that's

Starting point is 01:18:34 why you say it that's why you get the props on here so yeah you might tell you say i know people who sell in the 60s and the 170s yeah why did you sell well i was looking at it i had set out of um a valley that i thought it would speak between because i was thinking about it i was looking at the sentiment of the market at the time the sentiment was very high coming off of the summer where you know a lot of stocks had jumped double digits so looking at it and i'm saying and some even triple for the financial index which is the most popular index on the market you find the financial it was all like that there was no index at the time but the the stocks on the market were like a given you know

Starting point is 01:19:18 where the ncd popping up from about nine dollars going straight up to 100. So, I mean, just looking at that, the rise in the market, and I'm like, hey, this index is going to perform well. And plus it's coming at a discount to the now. I mean, I initially set off for 15%. I was just looking at 15%. I actually sold a small amount at 15%. And then something came to me and I said,

Starting point is 01:19:45 you know what, hold it, just build it. Go and watch your mark. Go and ride the waves, go. You know, within two, three days more, I saw this thing going up to $1.50. I'm like, hey, listen, I'm putting it at $1.60. Start selling at $1.60. I sell all the way at $1.65.

Starting point is 01:19:59 So I said, yeah, man. Boom, that's me out again. And buried that train. Boom, that's me in. Boom, that's me out again. And Barita train. Boom, that's me in. Boom, that's me out again. Because I remember these guys' story, how they were afraid to touch back Barita after they got the gains. And I'm like, hey, listen.

Starting point is 01:20:13 This Barita train, you know. I see how it's moving, you know. Man buy at 90, man sell at 32. I said, there's no more to grow. And I like how you guys touch on that point because that is a relative point, you know. How far can you really get? but when you find a solid business solid model solid reporting solid quarter over quarter increasing profits and always

Starting point is 01:20:33 increasing them revenue you know that cornerstone deal coming into them and I'm like wow Barita this is a company that is poised for growth. So when I hear a price, when it's coming at a discount, and this time it was at about $80. It was at $45. I'm like, listen, that's a no-brainer. And then I remember what I thought about this, and then they must say, he was worried about the amount of shares he'd have.

Starting point is 01:21:01 And then I would say, no, man, it's renounceable. Don't worry about that, because i think at that point uh the guys in cornerstone had had up to eight eighty percent i must say yo i i i think i think the magu renounce if i'm not all about someone you can end up grab more and then the amount he got the amount he got from the rights issue is way more than he had before and a thousand shares

Starting point is 01:21:29 and him get like three thousand he get no he get no yeah yeah so you might really look old

Starting point is 01:21:38 I can't think of a better start I mean, go, go, go, go, go, go,

Starting point is 01:21:46 go, go, go, go, go, go, go, go,

Starting point is 01:21:58 go, go, go, go, go, Not lots of people made the kind of money that he made up He sold near the peak Then he come out He touched Barita Well Barita would have been

Starting point is 01:22:11 No no no The second rights issue Can you imagine he come out of You are under the impression that You are the people they talk about Is this easy? Brother you have had a hell of a run you have managed to do if you listen to what he's doing

Starting point is 01:22:33 exactly there's so many things he ignored wow but i mean not that what you do is impossible no it's no this is what it seems like what we do but i couldn't imagine starting like that let's put some level headiness to it because you didn't sound like not level headed but going to outside because when i just started it you know my advisor had my investment they got my investment advisor you told me that you want bigger by name you want to send some people to her you want to bigger up my name you want to send some people to her big up tamisha coincidentally she's both of yours

Starting point is 01:23:12 oh wow really yeah which which brokerage house uh big girl man bigger up big up tamisha yeah yeah man so if you guys can give a recommendation if you like girl service because people are always asking who is a good I mean you know like a lot of people have problems with getting in contact getting the phones in right away all of that she's always on top of it you know some people you can't leave them a note and not expect to remind them tomorrow she's there as nine o'clock you know just send me quickly if you send her an email she'll call the same time okay confirmation yeah that i like that i don't know but yeah

Starting point is 01:23:59 yeah but on the flip side now i'm thinking about it we have to but I'm glad that he does. I can't stop bum-rushing them. But on the flip side, now I'm thinking about it, we have to praise people and things like that. Yeah man, big that up. You said her name again? Tamisha Hitchens. Big up Tamisha Hitchens. Sorry, I interrupted you. You were saying something but I wanted the person to get a big up. Yeah man. Especially a lady. Yeah, definitely.

Starting point is 01:24:21 So she started me off and giving me some small advice on some companies you know companies that usually pay good dividend you know the usual level-headed advice to find okay yes yeah SVL and you said Prada you know that's a stoop on me say a man steeper so I had those companies my portfolio from about last year July okay I haven't those are the those are let's get level-headed know because those two stocks never saw significant into the tunt is some products actually I got a spiel at 29 oh so I started um actually the other day I just leveled on my SVL because I'm just saying okay yes you spoke to her and she helped you in the level companies SVL and the

Starting point is 01:25:16 separate she also told me about NCB and SagiCorp and she made me that that was those Sajikor and Ntb were really good picks because I got Sajikor at about $56 and I got a good amount of Sajikor at $56 I got a good amount of Ntb at $135

Starting point is 01:25:33 at the time so she gave me some good picks but that's why I said let's go to level edit you really think this market is easy man

Starting point is 01:25:40 him just get up out of bed bring the vibes and get the money I mean what I love about it that's why I'm going to say svl and separate taught me something and you know it throughout the years and throughout the year i was constantly monitoring these stocks constantly watching what they're doing svl you know these guys are corporate action kings you know everything they announce um before the new year they came up with managerial um changes um post more more shares in post to post um prime sport betting acquisition champion

Starting point is 01:26:11 you know so i mean i was looking into that i'm like okay i expect swl to receive more traction in the future you start may 2019 yeah i used to be a physical therapist yeah and you used to be a physical therapist yeah man go on talk yeah so I'm like alright

Starting point is 01:26:27 I expect a big boom from SVL yeah you know why? because of that formation because of that

Starting point is 01:26:33 formation and also we were talking about Guyana and they have already entered that market they are just

Starting point is 01:26:41 trying to consolidate the operations now to actually because this management restructuring is actually to boost and carry that guy in operations forward so I mean not just Ghana but the entire region but there's a focus on pushing that because there's a news that's a new space of investment for him so you know that's very important to grow so i mean that really made me love in um svl you know um separate because separate i mean household staple

Starting point is 01:27:13 look at it when i started i never knew much about the company look into it now we see that um certain redundancies um due to the sugar um sugar off the arm of the books. I mean, looking into it, strong company, they have strong revenues because even the last report, we see that revenues increase over 70%. So it shows that they have the ability to make money. You know, sometimes we don't focus

Starting point is 01:27:38 on how important top line is, but I mean, proving yourself that you can actually make the money is actually important. And that you can actually make the money is actually important. And when shareholders can actually know the reason why you're bleeding a loss. Because I think the loss was about 8%. It was negative. It was 8% loss for that third quarter period.

Starting point is 01:27:58 Until September, September 2019. I think somebody listening might want to know. Were you always good at math? No, I think somebody listening man at one an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak an wak I've been really serious man since I've come into this space no it's not if you don't like man trust me come into this space you're not a killer trust me

Starting point is 01:28:29 you can't add some track and multiply it that's it that's it that's the core because I mean sometimes it's the fear that cripple people

Starting point is 01:28:36 definitely it's the fear so when you can push away that fear and get into it because even if it means to get into it and lose

Starting point is 01:28:43 trust me you're going to shop learn something that's right that's how i talk about svl and separate so i mean everything's on chirpy around what i've been talking about but these currently my holdings in those two companies are done oh yeah so i mean but the important thing is that i know why they're down. I know what I'm looking for from them. This is right. Yeah. So you're not worried? No, I'm not worried.

Starting point is 01:29:11 By what I see so far from these companies, no, I'm not worried at all. I actually expect the pullback. I expected the pullback quite earlier than what it is at now. Because, I mean, separate when looking at the peerish have separate from about September compared to the industry very high you know it was at about 30 30 something I don't know yeah so I mean looking at the time like wow seems we overvalued but I mean when you look at the face commodities the Muslim group acquisition console and color consolidation the operation of how they

Starting point is 01:29:50 plan they improve their factory in Baguio they're about to you know make operations a bit more clean I mean they have spent heavy money in refining operations but I do expect this top line revenue, because 71% increase in revenue is no joke, but now we expect to see it reflect more in the bottom line. It will trickle down eventually. I gradually see this sugar arm loss coming off of the reports,

Starting point is 01:30:19 which I see down the line, you will see it take some time and eventually go and go and go but I mean I I'm not concerned at the moment if something big's come up big come up and I say okay I need to probably break even here probably with average down a bit are no no these are strong companies strong fundamentals I mean I'm not worried about the companies and understand what they're going through so that's the most important thing because when you don't know what's going to happen but maybe something must come up.

Starting point is 01:31:11 Or I'm afraid to realize I lost. Or just people scared once it starts dropping them sell, sell, sell, sell, sell, sell them Friday. Because I mean even if I'm to sell, I wouldn't be afraid. Because I mean when I look at comparable to the gains that I've made from other, I mean, I can break even here. But, I mean, I know what I'm in this for. You defined that goal already. I mean, yeah. What's your timeline on that, if you don't mind?

Starting point is 01:31:36 Well, my timeline on it, I'll be looking past the first half of the year. If the first half of the year has gone and i'm in a worse position and i currently i'm in terms of how low oh the stock price is falling i will okay and four weeks that attacking us we're gonna take a small break and we'll come right back to it and we touch that and talk about four so we get my league for that more too you touch for yourself sir creamer no all right okay we'll talk about that at a small break that's actually something that's one of the reasons

Starting point is 01:32:08 why I'm coming at 2am because I that's the time when you're up doing Forex I do the Forex and I

Starting point is 01:32:15 don't ask him don't ask him hold it we're going to hold it one pause we're back and you just heard Mr Hype Man

Starting point is 01:32:24 tell us tell us a lot about how him about how he started and what he was doing and how he actually got. I can't even say if he got any skills because I'm so new in it. But I'm saying things that people with a lot more time in the market haven't said. So I like that. Kramer, we'll jump to you quickly. Tell me your story, how you started. All right. we'll jump to you quickly tell me your story how you started all right so how i started was um i had a i had a friend who i think he placed second in the sagicore competition the ue

Starting point is 01:32:51 stop yeah sagicore stop trading yeah yeah so i'm like oh bro i saw you in this uh we in the same classes so we learn about the the whole stocks thing some other accounting class but like give me a rundown how you get started all of that so after he gave me a rundown and say you can start with just 10 grand and he he um say oh you can go um jm and b because the money line platform and how efficient and the customer service and all of that i think that was the first time i actually saw both of you guys on twitter we're having a discussion about, I did say, oh, I like Moneyline because it served my needs. And then you guys were saying, oh, yo. Oh, did you?

Starting point is 01:33:32 Yeah. So the first stock I bought was T-Tech. Got it around like $6 and change. Ride it all go all the way up to ten damn and then people don't make the money off a t-tech all now you know and then i must say oh so easy man let's pick a company you know and then i think i ran about that time i saw a little after that i did see um jetcon i think jetcon did the stock spit somewhere around there. I think some in that region. So it ran under announcement at the stop. It ran after the stock spit and I said

Starting point is 01:34:11 oh, I need to get on the train yet. So jump on the train and the train start going the other direction with me. So I'm like wait, oh shoot. So the losses and i'm like oh yo why am i by jetcon car did i run when i said jetcon self-care i can't tell if them sell character profit yeah i can't tell if they make a profit if it bigger than the last year ito yeah yeah so that's that's that's that's a fundamental um flower mistake that i made early on and i'm glad i made it so early and you realize it and i realize it so after that um i moved on from that. So how I started or how I met my first real big money in the market was I was working in the first year of the master's. I told you guys. And then so I'm working.

Starting point is 01:35:15 So my mom said, all right, for the tuition, I got half and half. Right. So I had my half. I collect half from her. And it's the same time which Wisinco came out with their IPO. And I remember my virginity, I tell me, oh, bro, don't buy in a company if it over, the PE is over 25.

Starting point is 01:35:33 So I said, well, Wisinco is coming at like 14, 15, and I said, well, it's under 25, and solid company, and my life, what I'm going to do with the products, you know, everybody know the we sync up products and I feel like you can't open your fridge

Starting point is 01:35:50 and don't say we sync up products it's very rare that you would open your fridge and not say I think I hear people say that every three days

Starting point is 01:35:56 every three days has to yeah so I did take my school fee money and put it and put it in and we sync up damn and then what I did take my school fee money and put it in a Wysinka.

Starting point is 01:36:05 Damn. And then what I did was when it ran up to about 12.13, I did some calculations. What Wysinka IPO was that? 747. 747, all right. So my bro was telling...

Starting point is 01:36:20 No, 747. So my bro was telling me, oh, yo, don't buy above P at 25. So I did some little calculations. I said, all right, the prices go to this. That means the P would start approaching 25. So when I see it approaches, I start selling. So this is where I started.

Starting point is 01:36:36 This was my first like restart with like realistical timeline and goals. So what I did, I never sell sell everything so i took off enough profits enough um interest you're creating the profit like i said yeah so if you're going for 100 grand and you go up to 150 you take off the 50 and leave the 100 yeah yeah so i covered enough tuition yeah so i could have the first semester exam your mother noticed already yeah okay i didn't even give her money out of it oh you gave her money out of it yeah give me money out of it and then i used the money in the market at what age

Starting point is 01:37:17 so when i just started masters i was 20 up up yeah so so the other through the second semester i was still buying and saying i had a little gmmb and then i had to get polls during that time for dollar 80s so i was making um some good gains and then i decided to stop working for the second year of the masters and become a tutor. I just want a different experience. while working I did meet as I said I did get to interact with John Jackson and all that we disagreed sometimes we agreed because I was working

Starting point is 01:38:13 at DBJ as I said so I decided that yo I'm going to you know be a tutor but then being a tutor what they do they give me the school fee they're gonna just pay straight across oh yeah why do you for pay we back

Starting point is 01:38:33 so i'm like oh shoot so i then i did half a cash out on everything i use the cash flow so say so stay myself throughout okay yes but one of the good things is that a lot of people don't do it then I always talk about it then I say yo it's me pushing

Starting point is 01:38:50 for you to spend some money out of the gains but what I like is that when you were in your time of need all the money that you were spending you know

Starting point is 01:38:58 you notice them you say boy you know so many of us spend it all back down to zero that money never did a year ago you know

Starting point is 01:39:03 you made that money and when you needed it, the market was there for you. You have experienced what it is to have a need and invest in order to fill it. And it's a surprise need

Starting point is 01:39:12 because when you do it, you never know. Yeah. Yeah. You figure you'd have the time to do it. So you might really make it so you buy food.

Starting point is 01:39:21 Buy food every day. Sustain yourself, you know, you're going to have a little expenses here and there sometimes i have to stay on campus got your virgin because liver bogg walk you don't know where i study 11 12 1. yeah yeah yeah yeah you know buy food cook breakfast you know more and my phone you know it just yeah it's just it's just staying it's tough you know the and more you know it's just it's a tough thing it's tough

Starting point is 01:39:45 you don't have the money to go to college in Jamaica yeah I even can say the story of how dividends it helped me like in the last

Starting point is 01:39:54 very last part of the master's life when you wrap up the master's degree yeah like two or three weeks they left but we don't have school

Starting point is 01:40:01 every day so you know lunch money nah come in I have a screenshot of the bank account i had um in may i had 42 dollars and then i had like three weeks left out of school and yo john what am i gonna do and then i remember that i had some dividend checks so i did have some six bills some 12 bills thousand dollar eight bills nine bills and then all i cumulatively came up to $5,000.

Starting point is 01:40:27 I remember the figure because it was 5,000 exactly. Yeah, I never expected it to, you know, I didn't think of 5,000 some cents. It was 5,000 flat. So to this day, I remember it. So I moved from having $42 and don't know how I'm going to survive the last three weeks

Starting point is 01:40:45 of my university life. To remember, I was investing, I got dividends to having $5,042. Damn. That's so good. Yo, over what time

Starting point is 01:40:54 did you invest? The start of investing versus that point is how many months? So, late, about summer 2017 to about, so pay off the school fee for the first year, which

Starting point is 01:41:12 would be 2018 and wrap the masters 2019. So from 2017 to 2019. Yeah. And within that time, he managed to just accidentally buck up on some enough dividends to help him and get the money in the face. Wow. Wow. But then if the dividend check them even come true,

Starting point is 01:41:30 that means that they must have been at least six months old because they'd be still dated otherwise. So it was recent. Yeah, or some recent ones. Oh, that's strong. I like that. I like that. I like that.

Starting point is 01:41:39 I like that. I love that. So you have the different types of starting. We have the braffing start. We have the rough and make it start it start with the next rough I make it within middle school and whether you started from from Malik we say started from I don't know like from a time, I realized that I think different. Like, about money, I think different.

Starting point is 01:42:07 Because I realized that you need money to do a lot of things in life. It's not something for everything, but you need money to do a lot of things. I mean, nobody tell you, you can't pay your bills with nothing. You need money. You know what I'm saying? Yeah. So, I looked at her and I was like, all right, cool. Almost gave $500, you know.

Starting point is 01:42:25 $500 Jamaican dollars for those money. I was like all right cool i almost gave 500 500 jamaica all right cool you know party mix that that thing like having the doritos and all yeah yeah cheese tricks yeah yeah party mix i think it was like 80 at the time all right bug juice one budget i think with two you know one budget and this is at high school? High school. Which high school you go to? George's. George's. Yeah, yeah, yeah. Big up here. Yeah, party mix. Party mix and punches. Everyday, I never came around. Man, I know one thing, I know more because, look at the point I'm saying.

Starting point is 01:42:54 JVMB needs 10 grand for opening an account, and me needs 10 grand. I can't go to mummy and say, mummy, give me 10 grand. No. Shit, I could've said no. Yeah. That's why I'm saying, alright, here, I'm not going to ask somebody for nothing. I could've just be here and say, take the 10 grand and I'm going to say, alright, 5 grand. me in the tender no she's not gonna say no yeah that's it damn every day 120 see there's every day when you think about for that one 10-2, someone just stop me and say, yo, my pocket and say, yo, hit, and I'll put it back to you.

Starting point is 01:43:27 Hit that. We need a 380 every day. Can't get robbed, can't last. No, no. In the budget for robbery. No, no. I'm not surprised if you did. My strategy is true, foolproof,

Starting point is 01:43:46 but guess what? It may work. My answer to that is, yo, I need 380 a day, every day, up until I have the 10 grand, and then after that,

Starting point is 01:43:54 I can say, alright, maybe I can use 3 bills, but still, I need to be saving all of my, as much of it as possible. Yeah,

Starting point is 01:44:02 and I can tell you, the discipline of doing that, something I make and I can tell you, say that the discipline of doing that, something I make sure I want to say, is that the discipline of doing that is more important than investing in itself. Yeah, investing in anything, the discipline of being able to save like that. How long did it take you to save?

Starting point is 01:44:14 Um, like a month. A month? Yeah, because remember, it's 380 a day, every day, you know. Yeah, but say it and do it. Yeah, no, I'm so serious. I'm saying, do it yeah i'm gonna do it because you see even up to this day this is the same mentality i use like i have four streams of income right i use one i

Starting point is 01:44:46 use my have my work because i'm an engineer so i have my work i go every day from nine to five i have my stocks that i buy and sell stuff and i have cars i buy and sell cars this is the money i get from buying and selling cars yeah i touch it the only way is if i'm sick and i need the money I get from buying and selling cars? Can't touch it. The only way is if I'm sick and I need the money. But not touching it. Money from stocks? Worse than not touching it. Just compounding. It has to be compounding. And the thing is, everyone has their needs.

Starting point is 01:45:19 Everyone has it. So if me and my partner say, you know, we want to buy this, we want to buy that. Alright. You get what I'm saying? But if, but whatever work, whatever get paid, if that can't pay for you, that's nothing for me.

Starting point is 01:45:30 That's the same thing we do too. Yeah man, that's just nothing. Live within the cash flow. What kind of car you sell? Oh, every kind of car.

Starting point is 01:45:36 I'm an import car and I sell them. Man, I get jet can company. Hey, hey, if me didn't know that, me would have buy it too.

Starting point is 01:45:45 So what I'm saying, you need to look at the guy. But I like that you have the discipline to do that. And the discipline is very, very, very, very important. Like, you do it and you're still doing it, right? Still doing it. Still doing it, yeah, it's very, very good. Do you save and put in a saving account, though? You know the joke?

Starting point is 01:46:02 I legit don't have a saving account. Everything I get, straight to my equity account. You serious? I swear to you. What are you going to say? a saving account though you know the joke i legit don't have a saving account everything i get straight to my equity account you see what's the gmail i swear to you i swear to you like up until this day i'm always always broke i never have to know them never have questions trust me trust me I said, boy, when I know this is working, it never happens. You know, when I say, how cool, I'm going to spend the money I'm going to spend. I'm going to make sure you get an equity account. Exactly, you just get an equity account. You just have to have a mindset.

Starting point is 01:46:32 I was just adding to his point. My saving account is Flatbridge Block, so I have money to pay extra for you. Ah! Ah, that is funny. You got through the market. I like the fact that Altrae have three different stories, three different styles are coming into it, right? And three different approaches to the market. So I don't want people to miss out on the benefits of that style.

Starting point is 01:47:12 So of course, if we're going to earn in season, gauntlet. So I'll start off with Mr. Kramer Rao. And we'll do this one without twist because we feel you guys bad, honestly. But I can confess it. We lose a good chunk of the record. And I'm so sorry to hear it because they're bad. Right, they're bad. So we can try to recreate it.

Starting point is 01:47:32 But I'm going to ask the same question, which is, give the people, run the garden. Because I was in a bad way, I gave two companies a pick. So I start with you, Kirk. Sometimes you hear me call Kirk Kramer. Same person, Kirk Kramer. We're the same person. Kirk or Kramer or Rowe.

Starting point is 01:47:53 Two companies that you think will grow under JSC and in what time? So usually we ask people, you know, one year. We're not going to ask you one year. We can't say bad. So I'll give you one year and a second one for a second time. You can pick whatever amount of time the second one is.

Starting point is 01:48:01 And a second one for a second time. You can pick whatever amount of time the second one is. So I would go with a mail pack for six months. And I think that they will deliver about 60%. 60% on mail pack in six months? Yeah. I will count it from today in February. First. I said February 3rd. Third. that's a february 3rd third third third yeah so february 3rd and you think it's going to be 60 percent so that move

Starting point is 01:48:35 from two dollar today to three dollars twenty so by august one you think it'll be three dollars twenty cents yeah why all right so so um in looking at Mailpad, the first thing, when the IPO prospectus came out and I just saw the numbers, right? I had read it wrong initially. So, I was saying, you know, Malik, man, I like how this looks, you know. I don't know how to gauge it. 12 months greater than the 9 months. And then Malik, I said, no, man it 12 months greater than 9 months and the Malay guy said no man 9 months greater than the 12 months

Starting point is 01:49:08 and I said oh what you're saying is pretty much that you notice between I don't know if I get the month right between January and September of the current year they make more money than between January and December previous the current year, they make more money than they made between January and December

Starting point is 01:49:25 of the previous year. And they still have Christmas coming. Yeah, they still have that final quarter for coming, and they did that IPO in the final quarter, which is now their strong quarter. Also, one of the things I looked to MailPack, I realized with the targeting of the unbanked, because not a lot of persons have credit cards

Starting point is 01:49:44 or Visa debit cards, or even bank accounts. But everybody knows fine. targeting of the unbanked because not a lot of persons have credit cards or visa debit cards or even bank account yeah everybody know fine everybody want things people love things so what I realized with their Mastercard they allow you to be able to make online purchases using their Mastercard another thing that I also saw with them is just some of the offerings that they have. Like the no-tax address, also the smooth ability to have a return policy. And what that means is that unlike many other places places if you buy something online in jamaica through mailpack they also offer you the ability to return it in case it not fit yeah so you know like sneakers

Starting point is 01:50:33 size seven i don't know about yeah size seven adidas sneakers is not size seven and nike sneakers i get you so when you're other 7 I'm thinking your other size 7 probably a 7 and a half you would have to go through a hassle for actually return it forget the

Starting point is 01:50:50 you probably wouldn't return it let's be serious you probably try and sell that you'd have to stretch it with a look back I don't think

Starting point is 01:50:55 I'd get it if that's the money get it stretch it that's up I'd try and sell it yo my shoes I'm buying

Starting point is 01:51:02 I'm buying some shoes that don't fit me which is a regular thing some male pack yeah I just don't fit me. Yeah, which is a regular thing. Some mail pack. You still have a face with regular. Yeah. My shoes don't fit. My shoes.

Starting point is 01:51:08 I just don't fit. So mail pack. Brand new. Coming with a thing to allow you to not have to go through that problem. Pretty much, right? Yeah. And additionally, I realized that they decided to report Q4 numbers in lieu of doing just the full year audited. So what I realized from my time in the market

Starting point is 01:51:32 that that's an indication from what I've seen with the experiences that I've seen that, hey, some strong numbers are coming for Q4. I want to show you the Q4. Oftentimes. Oftentimes. Nobody not tell the numbers ahead of time

Starting point is 01:51:46 unless they want either give guidance or they want to say, yo, we're so excited. So what I've said is that, yo, we need to report in 60 days or choose to report in 45. 45. Within 45. Within 45. Within.

Starting point is 01:51:58 Don't worry with the reports. I've been chatting from last year, before last year, 2020 now. Barita. I remember the Barita report came out July 8th and it moved from 45 to like

Starting point is 01:52:09 Bills funny you know funny story about that what that you see I read an article Sunday night

Starting point is 01:52:17 about Barita and it was at 45 and I was like yo I don't know look at the all the reports and I was like

Starting point is 01:52:24 yo I feel like say a barita i'm gonna release the report soon and the numbers were gonna drop it just not normal yep yeah that's the thing you know you say monday monday go i go in and say i try to lay on my beads to at least make sure i get some well on here the man just said that when you say start from third form so you get it what I mean copy for one day oh I so say you won't get a company right well you know you're not sure exactly what price you can get it that so we do is that you put like

Starting point is 01:52:59 safe I usually go with at least like three to four so I go like say 45 45 30 45 50 for this 45 70 46 so you put in multiple orders I really want that 45 but just in case I don't get nothing at all I just make sure I mean at least get some I can actually watch the volumes to say can can go right above a man where i buy a hundred thousand there we go yes yes yes that's something we talk about all the time right one of the lessons that we learn is that sometimes you're going to something for for me you're planning to make eighty percent but you sit on a different way i'm gonna buy it for 108 because it's eight percent more but brother you're buying for two

Starting point is 01:53:42 dollars you're buying for two2 you really lose the chance for $2 for 8% yeah go in the queue buy what's there for what we an okay price

Starting point is 01:53:51 so you know $5 $5 cool it was at $5 before $7 down up in the queue and we said $10 and stuff

Starting point is 01:53:58 $7 cool still so buy it so buy it drop some $5 drop some $5 drop some $5 drop some $5 drop some $5

Starting point is 01:54:04 we take it we take it yeah because at the end of the day what's important is your money true that's true what we said malik we said earlier that that that um well it's not you decide is either you or david said that a loss hurts more than a gain at the same amount. Oh, yeah. You lost one of the games. Yeah, yeah, yeah. No, man, it's crazy. I made it say, I made it say. It's a current opportunity, though. Yeah.

Starting point is 01:54:31 It hurts more. It hurts worse than any damage. You know the numbers. If a stock is at a dollar and it dropped to 70 cents, it'd have a rise more than the percentage that it dropped in order for you to get back where you were yeah so you really require more work and us in life yeah ten people said I'm like we are the one person this you

Starting point is 01:54:52 and this yeah so you take you take something else but I like that you I like that you use a strategy I like that strategy I don't know I mean sometimes it's sometimes but I like yeah and how much you're going with how much money but there's that that's a nice strategy i would say a million dollars yeah somebody running about the issue and the first is all dropped and i was struck i would say it's not going to move but i guess what they're already pricing yeah cool we're starting buying i guess the next resource yeah that's true yeah so said so done yeah and and well i've said enough about how i feel about it this year so i like that kramer you give us additionally for the for the mail pack as well as all the more for more yeah for the all of those additional services.

Starting point is 01:55:48 Remember, this quarter is their strongest quarter. That's Christmas quarter, yes. Christmas quarter. That's also the Black Friday quarter. That's also the, what do they call it? Cyber Monday. Cyber Monday quarter, yeah, yeah. People buying anything for the new year. That's the quarter, yeah.

Starting point is 01:56:01 And this is, go ahead. I was also looking at something as well. I was looking at, for previously's a quarter, yeah. And this is... Go ahead. I was also looking at something as well. I was looking at for previously to that quarter, it was announced that unemployment rate decreased. So persons will have... There are more persons who have greater disposable income. Yes. And I'm just going to use a little econ term.

Starting point is 01:56:20 Our marginal propensity to consume foreign goods is very high. So I'm going to get little money, man. I'm going to jump out. I'm going to buy one thing. Yeah, yeah. We're foreign minded, man. Yeah, yeah, yeah. Foreign frightened. I get you.

Starting point is 01:56:35 I get you. So in other words, you make your money, you want bossy too. Yeah. I put a call center in my word. The whole time we eat lunch, everybody there on them WhatsApp. What? We want WhatsApp too. Yeah, man.

Starting point is 01:56:44 I buy a banger. And too yeah man buy a banger and for the price of a banger my cousin said we can buy something and ship it in and ship it through mail back

Starting point is 01:56:50 you get me you never know and all you need is somebody to do something with them that didn't do it the year before

Starting point is 01:56:57 that's true right I need you to make a dollar this year that you didn't make the year before so I like that so you cover it

Starting point is 01:57:03 60% steep you know my lord but 60% August 1 yeah 2020 and then remember we have a

Starting point is 01:57:10 factor in the tax break from listing on their strongest they're normally they're the best quarter yeah so the best quarter is now going to be

Starting point is 01:57:20 not only the best quarter but the best quarter tax free tax free yeah and the stock price is currently at $2 damn

Starting point is 01:57:29 alright so next up I like that but next up your one year pick so my one year pick is Pulse

Starting point is 01:57:37 Pulse yeah yeah why so remembering say I did have Pulse from $1.80.

Starting point is 01:57:46 I did sell and take a position. You know? You jump out and jump back in. In and out of polls. Yeah. But then,

Starting point is 01:57:52 I realized that they're consistently growing their revenues and they also, I realized that polls come into market for the announcement said,

Starting point is 01:58:03 rights issue, stock split, or stock split are both of them so um just touching on the issue the rights issue rights issue first they would not necessarily they wouldn't from my experience come to the market for rights unless they lined up a deal that they need that rights issue money for one time like yes they're not asked with unless something was already set and then very recently i saw them come out on the jc website with an announcement that they're doing some um real estate development at villarina villa right correct so they're doing some townhouses yeah yeah so their hotel plus Yeah.

Starting point is 01:58:42 Plus their hotel. Plus their hotel. So looking at that, so that means that Pulse has a deal lined up that they will use the right issue money to execute as well as the stock speed. So from my experience, again, as I say, in the market, the price moves just on the announcement of of the rise issue and then price can move as well on the announcement of the stock split and then why do

Starting point is 01:59:12 you think that because for example a stock split doesn't change anything fundamentally about the company it had a hundred shares now it have a thousand shares by the same company it makes it more liquid so persons can actually um get in also before i make that point just the whole idea of the nominal value being low now i mean a man come with another another one the nominal value of that what does that mean sir uh so it is the the face value so remember we learn about values in in grade three face value place my grade three and your grade 3 have 10 solid years in between them so

Starting point is 01:59:46 so it's just that the the the so you have a nominal value in grade 3 no first face value

Starting point is 01:59:55 face value face value value at all yeah face value place value yeah 110s and ones

Starting point is 02:00:02 I'm with you I'm with you so yeah persons will get will what I realize is when the nominal value

Starting point is 02:00:11 is low persons will be more in tune to buy so for example with NCB when it was at 189

Starting point is 02:00:19 last summer persons were saying oh 189 kind of price you know but they're not really looking

Starting point is 02:00:29 at the fact that in terms of a relative value it's actually cheap but I'm looking at the 189 yeah looking at the

Starting point is 02:00:37 189 189 is a big number yes yes so looking at polls for whatever reason persons will be looking and say oh 6 for this I feel like 6 is a big number for yes so looking at polls for whatever reason persons will be looking and say

Starting point is 02:00:45 oh six for this i feel like this is a big number for this so them do a three to one i said they wanted them to do a ten to one as if they'd be brave enough to go below a dollar split down to below a dollar who see how that gonna because what you're touching is a psychological point yeah exactly exactly and then you add the psychology to that

Starting point is 02:01:23 maybe pulse won't be a good example, but we'll use it. So let's say maybe it wouldn't be worth 40% more. It wouldn't jump 40%. I wouldn't jump the more, it has more than 40%. It's almost 50%.

Starting point is 02:01:34 Right. But if that's 60 cents, it will jump to a dollar. If it just, if them drop good results right after, because psychologically, it's just, yeah.

Starting point is 02:01:44 Okay. So also, um, well, drop good results right after because psychologically yeah it's just yeah so also um we can actually factor in the timing of what each move so let's say time it jumps so let's say they do the rights issue first close the deal and then so the price will run on the on the underwrites issue a person try getting for have the right yes don't get additional shares there we go close the deal and sr after this no we're gonna do a stock boom but I run on the right issue probably like 10 yes you get all the money yeah so we do a stock spittany run again after yeah yeah yeah the money I make a holy per money yeah you're gonna make a lot of money you're going

Starting point is 02:02:21 to find that you're going to be very lonely in that well you're not lonely can you be bridging them but you're not going to find a lot of money and you're going to find that you're going to be very lonely in that. Well, you're not lonely because you have your bridge in them, but you're not going to find a lot of people in industry that are on the level you are and talking the way I hear you guys talking. Because the industry don't sound like you guys and they don't look for the things you guys look for. Right. But I'm glad that you guys are there because you actually are in the industry so you can be part of the change that you want to see. Right. See the thing with the thing. You want some change, you start actually show the change true so like that so you said boom pulse and pulse your percentage expectation for it is a hundred hundred percent by february 1 2021 yeah a hundred percent strong let me point out

Starting point is 02:02:56 guys that nobody on this episode myself included is a licensed financial advisor and none of this is financial advice right yet yet oh say it again one yet license license license candidate because of the masters ah and yes so you're well qualified for it yeah yeah yeah you've applied to be licensed the application yeah it went through I went through okay so you just waiting to hear from FSC yeah for your job okay that's good I like that you are going to get a lot of pressure tell the people

Starting point is 02:03:27 in your hat man don't want them to pressure me oh the hat is at CRLB double underscore on Twitter

Starting point is 02:03:33 on Twitter and his hat is in the show notes guys please don't DM me or email me I know you say you don't have

Starting point is 02:03:39 if you don't have Twitter I'm sorry if you don't have Twitter it's twitter.com open it I can't help you get a link to it

Starting point is 02:03:44 I want to help you but just like you're doing it there's 10 other people doing it to the same way so it's not that you don't have Twitter it's twitter.com open it I can't help you get a link to it I want to help you but just like you're doing it there's 10 other people doing it to the same way so it's not like I don't want to help you but I'm literally swamped but boom

Starting point is 02:03:52 two big picks I can't find nothing in them other than great stuff and I like that you've covered every single one of your bets with multiple reasons so even if my wrong about the rights issue

Starting point is 02:04:01 the stock split that day even if my wrong about the rights issue and the stock split them I put some new house upon the land even if my wrong about the new house upon the stock split that day. Even if I'm wrong about the rights issue and the stock split, they might put some new house on the land. Even if I'm wrong about the new house on the land, they might do them best ever with the hotel. I like that.

Starting point is 02:04:10 Mail pack, same thing with the Christmas, they might show that you're doing exactly the things that Dana and I talk about, the things that we think to be real, the things that you have to pay attention to. Boom, Mr. Malik. All right.

Starting point is 02:04:21 Started in third form. Yeah. What's your first pick? First pick is have to be JVB. Yes, man. Have to be JVB. What a person

Starting point is 02:04:32 don't really freedom. JVB. JVB. You might run on that, you know. Huh? Freedom plus that thing.

Starting point is 02:04:39 All right. So, yeah. JVB, right? So, currently at $45.80. Yeah. So what do you think that they'll grow to? Four months.

Starting point is 02:04:48 Four months. 40%. Damn, I'm going to cut it down. 40%. So by June 1, 2020? Four months, 40%. Wow. You can message me back and we can talk about it.

Starting point is 02:04:58 No, we don't need to. Strong conviction. You're going to be on earnings season. We're going to invite you guys back. Yeah, just four months, 40%. The thing is, when you look at J-Memby. Strong. God be shunned. You're going to be on earnings season. We're going to invite you guys back. Four months. The thing is, when you look at JMB. So it's up to $64.12. Continue.

Starting point is 02:05:12 Sorry to interrupt. Might even be too low, but let's just look at it. So watch it. JMB, what you have to look at is this. So when you look at their last results, right? So, okay, people have said, all right. So APO, they were at between 50 to 155 mm-hmm I just say our API news job everybody sell down price then drop

Starting point is 02:05:33 and then the APO price was 30 30 though if you have the shares or your team member and then for this 875 if you're just anyone else alright cool now it's been trading at what 45 dollar alright what we have to look at is this prior to the APO

Starting point is 02:05:51 they were at 52 yeah and yeah I know what happened is that recent results they literally

Starting point is 02:05:58 covered their dilution so dilution was about 20 something percent maybe 31 percent in terms of profit in terms

Starting point is 02:06:06 of same terms of our 31 percent are real number to me I have gained more than I have lost in the yeah but reality though is that no no the reality in terms of true dilution from the diluted I know yeah but still but still yeah in terms of a dollar dollar term you have to look at it they covered the dilution right yeah he's sure he's worth more exactly more he's probably this year exactly and then we look at it okay since december started last year i said all right cool december 5th if i'm not mistaken don't quote me on that they announced it we got san jacobo financial corporation i'm like wow like what more can you ask from a company a lot

Starting point is 02:06:58 you have very high expectations no i'm greedy and those guys are good so i expect lots of them but no i'm with you yeah they covered the dilution they so basically on the panel that you're going to be seeing going to be seen about one one one month worth of surgical financial group on their payment because they acquired 22.5 percent of surgical financial right and you know that they own 46 percent of static or financial no they are 46 percent of static or group yeah yeah there we go yeah yeah and then they're just robust you have to understand what happened is that ncb bank big right scotia huge mm-hmm jmb bank it's it's just it's just coming out of the shell it's it's nowhere yeah that's the thing it's no it's nowhere they're trying they're robust in the way that they they try to push their bank right your investments are all paying off 40 40 percent light percent i was more concerned with you going four months

Starting point is 02:08:13 june june is around the corner suppose the results come And then the next one, that's what I said before once. Two results are going to come. Two results are going to come. I'm not sure I've spun any of the words. Suppose the results come and I'm bad. I'm going to have a big loss. Plus hit by FX last two. Sajikura for fixed couple of things.

Starting point is 02:08:37 So J may be actually holding a heavy loss. Or profit is there, but profit cut by half for that quarter. As in, it's possible. I'm not going to say it's not possible. Yeah, I know. It's hypothetical. Yeah, it's hypothetical. It's possible.

Starting point is 02:08:51 But what would you do then? So you're telling me that Sajikor Group, the Sajikor acquisition. No, man. Hypothetical. Whatever. What happened? Stock price above for bottom out. All right.

Starting point is 02:09:00 So the thing is, though, technically, the 45,000, it's still underfunded based on where it was before the APO. But that's not what I said Tipper, I said I'm just saying a situation. Sorry. Hypothetical situation, hypothetical word, sorry about that. That's okay.

Starting point is 02:09:18 Hypothetical situation. Them first report come and it have a big loss in there as a result of maybe some unexpected charges with the taking on of the Sajikor Financial Group or whatever big loss

Starting point is 02:09:33 and it cut them profits by half 50% what you do? I'll hold it buy more if you jump buy more

Starting point is 02:09:42 wait what we do I'm not selling are you mad? buy more to be honest I we do? I'm not selling. Are you mad? Buy more. To be honest, I would be the one dropping the crap. As the last drop. Last drop, Marcel.

Starting point is 02:09:55 Marcel, please. Drop it off. Just come. You can drop it. You just sell them to me. I'll just buy them. I would buy them. I like that.

Starting point is 02:10:02 I would buy them. I have faith in my faith. You know those guys. I have faith in my skills i have faith in my life yeah i did have a sickness when we started seeing us start up here and we're talking about signals start moving because the broken anybody want to move any good values or signals talk to me i like that book what i wanted to put for this because that's that's a lot of people listen to you right now want to hear that sort of thing what did you do is because a lot of people listening to you right now want to hear that

Starting point is 02:10:26 sort of thing what did you do in school I didn't ask you that you say you're an engineer yeah engineer which means math have to be included high school

Starting point is 02:10:32 oh I went to St. George's St. George's I mean what you did there you like the usual high school stuff I did math you like math then yeah I love math

Starting point is 02:10:40 obviously you're the usual high school student no what's on English you guys are using your math privilege hype man talk to them most people don't like it either one most people don't like it either so it's scary for people so

Starting point is 02:10:58 i wanted you to say i like the different types of stories because i want to hear the thinking for me i want people to say you're not an investment professional yeah you just use common sense all the things you've said so far things of he can just Google for themselves most of them depend on the front page of JC even if you don't want Google it you go front with a JC then tell you about it right yeah people have podcast every week I explain again and again and again to people I get it yeah you messaged me I said I wish that their advisors were saying what we were saying yeah well i'm like yo but we're coming but we're saying it so listen all right no we can't tell you if it must we can't take what our farmers are not advised exactly we're not discussing what

Starting point is 02:11:39 we see and what we see exactly yeah it just so happens yeah i just want that you know that if you love to correct yes i enjoy it right yeah yeah we love it that's one of the benefits of doing this that people people characters and i welcome that that we get something wrong somebody tell me yeah man we try to correct it same time i think last day well i didn't when this come up but there was an episode where we would have said um the correction i needed to make is something about fgb but just about that yeah commercial yeah but i was speaking about back in the day because they weren't always a commercial bank but yeah yeah just for corrections of fgb if you're hearing this fgb is a commercial bank

Starting point is 02:12:21 within the grace group um so your four months GMM be 40% sir Malik you sound like you're gonna say some while ago okay yeah we need to I'm a 100, I'm a 100. No, no, no. Okay, okay, don't worry, don't worry. I got you guys, I got you guys. I go to Cygnus. Cygnus. Cygnus has always been my... I love Cygnus. I love Cygnus. All right, so, IPL, right?

Starting point is 02:12:57 Yeah. I didn't buy into the IPL because I knew how people were going to treat me. Yeah. Right? Like what? Meaning what? Meaning what? Meaning what? So, what happened is that,

Starting point is 02:13:06 how I realized that when people do IPOs, like back in the day, because that, all right, so, Signal's IPO was in 2009, 17 or 18. One of those, right? Yeah, one of them.

Starting point is 02:13:15 It wasn't like the boom where everything hit IPO, no, it just boom, right? No. Back in those days, what I realized is that unless people really know you like that, or you came, like, relatively cheap, you never came relatively cheap, you don't really do that much. And the thing is, the space that they were operating in, not a lot of people knew about it.

Starting point is 02:13:35 And they were new. And they were very, very new. They were a new concept. So the thing is, when it IPO'd at 1372, I was like, all right, cool. I'm not going to buy the IPO. I feel like it will pull back like I feel like I pulled back and as it yeah it fell all the way to nine yeah nine I just never had the money at the time It hurt me because right now I've been happy at night It's like you realize you're more tired True, that's true

Starting point is 02:14:09 There's never enough money, yeah? I come from 10 grand, then I come from 10 grand, then I come from 10 grand Then I might be a little further ahead No, no, no, not so fast, you cannot out-tell your friend. Take a man that for himself. I'm going to say, I can tell you this, still at this level where I am right now talking to you,

Starting point is 02:14:35 every day I still feel like I don't have enough money. Exactly. I'm going to see some plays I have. Yeah. And you still have to, that composure of being able to look at the market and ignore. Again, that you see. See, and i can't

Starting point is 02:14:45 take yeah and decide say i know everything you know but you just can't so you just have the picks that you make you have to be very very sure it's not even 40 it's gonna be 30 minutes yeah exactly yeah let us choose them and don't do, you love Signos, me love Signos too, but yeah man, I'm a Waghanis. I'm a Waghanis. Speaking of Waghanis, speaking of my friend Smithy Royal, who is now apparently

Starting point is 02:15:10 a Chelsea fan his whole life. I'll leave it there. But yeah, but going back to, going back to that, what I said, I'm a Waghanis, is that,

Starting point is 02:15:21 for example, QWI, love them, rate them. I love them, rate them, because they lose me some money. However, the plan, my example, QWI, love them, rate them. I love them, rate them, because they lose me some money. However, my plan around QWI is more than a year.

Starting point is 02:15:31 I have that plan in terms of getting it. There's a certain level of gain I want to get to. So it's either the time or the percentage must come. Didn't come in time. So do I stick with it? Do I stick with it all the way down to 97 cents, 90 cents, 91, 88 cents? Maybe, maybe not, because I don't mind.

Starting point is 02:15:48 I can wait two years. I think it's going to be worth more in two years. However, along comes a mail pack or a lumber, right? What am I going to do? Or another lab. Or another lab. There's no such thing as another lab, right? Big up the lab.

Starting point is 02:16:03 But seriously, you look on that and when you start remembering that what's important is your money you then start looking on QW and I say

Starting point is 02:16:11 okay I'm down 20-25% on QW I know that in my goal time my year my two years it's going to be up over 100%

Starting point is 02:16:19 alright but I have no need to stick with them through the tough times in good times and bad I just good times my therefore. So I jump out. We normally say, oh, now I'm already in a stock, you know.

Starting point is 02:16:30 Enough for Richard. There we go. My father hold it before me, love it like that. I'm open. I didn't run it, all right? Yeah. Exactly. Yeah, so none of that.

Starting point is 02:16:43 Jam T, we see Jam T just hug up a loss right now or well yeah so but but on on that pnl there is a loss there right um but i'm not worried about about about john my food yeah he's coming to him he's good because he's going to be there he's in there for the long haul but I'm not worried about John my food yeah to him he's good because he's going to be there he's in there

Starting point is 02:17:09 for the long haul right way way way way yeah so he's way way way ahead exactly so with that in mind I act that way

Starting point is 02:17:22 so I take it as just a tidbit to you so like you love it. You see something better. Are you sure it's better in the shorter time? There's nothing wrong with going in and coming out. I did that. Mailpack helped me pay.

Starting point is 02:17:33 Mailpack put my QWI money back in profit. Oh. You get me? And then it come out. And Lumba also did its part to top it off. All right. And then when it done, what, QWI's now? 99.

Starting point is 02:17:47 I think 97 cents. 98, 97 cents. We've been buying it up 91 cents. Look at it. I'm going to take some of the profit back from that, cream it the same way and put it back in QWI, right? So then when QWI goes all the way back up to IPO price, we're already in profit.

Starting point is 02:18:02 Yeah, we're not there for marrying none of them, right? Jump in how we need it, jump out how we need it. Big up iCreate, same thing again. Yeah, that's it. Give me that profit early. Big up Tyrone. Yeah, yeah, yeah. That's exactly how we do it. So, you give me your one stock, JMB,

Starting point is 02:18:20 and the one here? Oh, Cygnus. Cygnus. So tell us about the Cygnus. the sickness yeah um i think i was at yeah about the five level and now it's at 27 26 25 60 or let me see 25 64 something like that close that today i'm not 25 64 something yeah it's in that region yeah it's in that region yeah so a year time conservatively 26 21 26 21 right now one year time from today It's going to go more but I want to make sure I'm politically correct. Profitably correct. Politically correct.

Starting point is 02:19:09 Let's go with at least 50%. 50% growth. And that is me mean. Very conservative. Well, I mean, you said 40% in four months with Jamie. Yes. So why would I wait? Because that, that four months with Jamie. Yes, so No, but I'm saying so why would I wait another eight months to make an extra 10% All right, so you want to know how much I really think it's gonna go?

Starting point is 02:19:33 Then I'mma ask him He's gonna think I want to make sure I'm It's okay to be wrong No, it's a 26% You can say 100 today 100, 100 100 100 100

Starting point is 02:19:49 100% It's going to $40 You think it's going to go from 26, 21 To $40 in one year So the 1st of February How much is that? The 1st

Starting point is 02:19:59 The 3rd of February 20 52.6% That's how much? 52 52.6% 52.6% 52.6% conservatively

Starting point is 02:20:08 thought it off conservatively thought it off 52.6% when did you start to invest when did you start to invest

Starting point is 02:20:16 oh 8 years ago 8 years ago and a man confidently picking a 52.6% gain and saying

Starting point is 02:20:23 oh conservatively conservatively conservatively bad conservatively bad picking a 52.6% gain and saying, oh, conservatively. Bad. Bad. The man in your heart, act for follow, you know. You know that. Hype, man.

Starting point is 02:20:35 Mr. Hype. Yeah, man. So, for me, I love the financials. I love the financials. So my two company, Sajicor. You can't tell me not insurance. I'm joking, Sagicor. You can't say insurance.

Starting point is 02:20:54 And my dark horse, Select Fund, the financial. Select F. Select F. All right, which one do you want? First, we'll start with, what did you say was the first one, Sagicor? Yeah, my first one is Sagicor. My outlook on that is actually three months. Whoa. It's a bit more aggressive so all right i really started um when i do the podcast

Starting point is 02:21:20 i like that i like that three months one percent i'm looking at about 30 percent 32 percent they're about 32 is not about figure that's a very well 32% 32% for 3 months yeah so Sajikor this company has the highest credit rating out of all of the financial stocks and also every other stock company on the stock market

Starting point is 02:21:43 so we see this company have the ability to take on debt. They're a trustworthy company. They can pay off the debts. And also we see that this company is a company that consecutively increases their profits. Even during the period of recession, this was a company that was continuously printing good results, quarter over quarter.

Starting point is 02:22:02 So what I have seen, because I really started paying a lot of it, although I had surgical from about July, I really started taking surgical numbers from about September. So their last results, the Q3 September, they earned about $10.8 billion in net profits, which is up a little bit over 10% compared to the prior period. So profit growth of 10%?

Starting point is 02:22:27 Up to when? 10%, 10% over the prior period. When is this result as of? It was September 2019, nine months. September 2019. Okay, cool. So SagiCorp, continuously increasing profits. Also, they also got the acquisition from ncb about

Starting point is 02:22:48 advantage general um company advantage general insurance company and as we know sagicor their core business is insurance so taking out already profitable insurance company and bringing that to their bottom line now and i think they actually got it at a good price it was about they paid about five billion dollars for it from ncb and i think for that q3 numbers i think it was about 2.5 billion dollars that was integrated to their bottom line from that so such corrects but them to make ajc even a greater company and ajc was the most profitable company so insurance insurance company yeah I love the acquisition and such a core as we know such core core focus is insurance but when you look at such a course financial report all areas of banking and even investments you see that there is high growth in these areas. The bank is killing it.

Starting point is 02:23:47 Big up Charvel Johnson. As he said, the bank is doing really well. I recently messaged him once, I don't know if he's important. I don't hear it much. All areas of the company is doing really well. They recently also consolidated their real estate portion, which is the X fund into their numbers. X fund has been performing as well and I think that's the reason why they've consolidated to put more of an emphasis in its growth.

Starting point is 02:24:18 I think they were losing through their, there was a player. Player. Player. Yeah, it was performing very well however going forward I said Sajikor as a very stable very strong company I've noticed that even during periods I was buying surgical my lowest I was just averaging up because I have a lot of surgical I keep on averaging a little low of $63 65 to cut 65 then I

Starting point is 02:24:48 stopped yeah what I've noticed is that NCB produced an article showing that the fear price of it was 81 dollars and this has been out from word about September durable so this was even factor in the agic acquisition so this stock has been down at this not not done this stock has been on is undervalued in europe last time i checked p was about 16 and the current um 16.71 is its current pe at a price of 16.71 times at a price of 69.63 but why you remind me of something before you continue so you're expecting 32 point what percent go 32 percent i just said 32 flat yeah then that's really okay and that's that means you're expecting to go from 69 63 today to 91.91 cents definitely in in in what in three months yes so that's so like an annual release then their annual report so you expected audited financials in the next report

Starting point is 02:25:50 to be very very strong very strong yeah tell the people again when you started investing all right now you want to trust this no turn the real time let me tell people say yo anything you can't get from the unit you can get from the company or running unit trust or even more right Barita had one of the strongest Unitrust responses. You know, I went to Barita the other day and Barita Wi-Fi password is

Starting point is 02:26:30 CapGrowth 67%. They published it, CapGrowth 62%. So from your step in, everybody will go on Wi-Fi for WhatsApp or whatever. CapGrowth 62%. Barita marketing team. Yeah.

Starting point is 02:26:46 Yeah. Always on my point. Always on my point. The man point. The man point like that. Wifi password is tough man. Yeah. I like that.

Starting point is 02:26:52 I tell the man literally more. 62%. Barita the strongest response and if you think about it, as good as Barita's fund was, what was it? 30 odd percent, 40 odd percent. I don't remember. 44%.

Starting point is 02:27:03 44%. Barita's that strong. How much Bar you to start more from January 1st? All right. You see? Yeah, and you guys are not. Some of you are Matt's brain. One is an economist. One of you is physiotherapy.

Starting point is 02:27:17 So literally the different mix of that and all three have some top picks so far. And you come with sensible stuff. It's not hard. I keep repeating it because I want the people who are beginners to hear yeah, come with sensible stuff. It's not, it's not hard. Boy, I like, I keep repeating it because I want the people

Starting point is 02:27:27 who are beginners to hear, to say, yo, yeah, yeah, you're not locked out of it and it's not that,

Starting point is 02:27:33 these guys are good, don't get me wrong, these guys are good but that doesn't mean that, okay, you can, maybe you can make your 20%. Yeah,

Starting point is 02:27:40 remember I said a partner draw, actually, if you're a partner of a bank coffee, you know, you're making less money. Yeah, you're putting a savings account, you're definitely making are definitely making less money inflation alone is going to eat it out so investing makes sense if you're kind of afraid I that's fine it's cool to be afraid fear kind of

Starting point is 02:27:54 keeps us safe but some man them start months year two years I hear the level of growth there and yes the market is up man on people think say you know all title you're wild you're not wild the reason I spoke about that before that the reason that I hearing from you guys is the thing that is impressive to me that's not saying a crazy stuff all right I can't say the man wrong yeah I can't say him wrong him same I expect it from him I expect Sajak or to run in three months from her69.63 to $91.91, right? No.

Starting point is 02:28:28 Imagine if my God tweet said, three-month pick, Sagicor, $91. People say short-term trading can't happen. You can't really just pick a three-month pick. Three months, 12, maybe 14, 15 weeks. That's not normal. And I can't say you're wrong you're good you might miss you might not make 32 you might make 10 12. the truth is my beat that yeah it's going to be

Starting point is 02:28:53 that it's going to be that in my view in my view i could be wrong because even when i look at um yeah we're at the reason them dog going at dog bond them when I look at Sajiko's performance

Starting point is 02:29:07 prior year they've already beaten yes with the third quarter results yeah so

Starting point is 02:29:13 coming into Q4 I mean FX losses is an actual thing you guys pointed that out at some point

Starting point is 02:29:22 yeah earlier that's true you pointed that out at NCB's AGM. I don't remember if we catch that or not, but we feel like we need to catch up on people now.

Starting point is 02:29:29 So if we never get it, people are here right now. I hear it, and it's kind of boring, but I hear him say it. The physiotherapist is the one who asks that hard question

Starting point is 02:29:37 of the board, including Mr. Leach. Two twos after him he said a picture up on Instagram, them and Leach, Uncle Michael. Imagine that.

Starting point is 02:29:44 Did you know two years ago that you and Michael Leach would all talk about something like this uncle michael right imagine that did you know two years ago that you and michael leeching without talk about something like this would you have thought that when you cream when you did when you when you did you had your first degree you wouldn't believe that when you had your masters you wouldn't believe that right when you're in a third form money guys when you don't believe so you are leeching i take a picture yeah you're a group of person about some ethics losses yeah i like that i like that you asked a question i won't go too deep into other questions with people here.

Starting point is 02:30:05 Maybe we'll bring you back and you can explain it the next time. Or we'll have a few people ask to bring you back. One, one. Three literal heavy story. My boy here

Starting point is 02:30:13 ready for him profile interview. From Baba to the Masters. Right, my boy? Turn the adversity around. David, turn the adversity around and turn it into success. The dog has him done it. Discipline. Discipline. One discipline. One turn the success around. David turned him adversity round and turned him into success. The dog has him done with school.

Starting point is 02:30:25 Discipline. One turn into success round. One say, yo, he might make it. Any way he can make it. The man leverage him school fee. I said, but how? I'm not going to school. But guess what?

Starting point is 02:30:39 I'm not going to school. Just in case we missed that before again, we're not telling you not to pay your school fee or go to school. Go to school if that's what your parents, your parents, listen parents listen parents i'm not telling your children not to do this all right the people who know to do it they are going to be doing it it's high risk but we have three sets of people who have done it no granted yes the market has been up so you guys have enjoyed that right um but what i like is that i don't want to say but by the ipo and it must fly fly because IPO hot right now everything one of them have a reasons behind the company no yes the market can turn

Starting point is 02:31:08 around but I'm going to hear I suspect I'd hear these guys with reasons as to why it's that makes sense so three months the man somebody for company show and beat that it's a fire in the boat the baddest that are baddest pics of item at your same show you up to is a four month without a tree damn yeah one more second pick sorry I'm sorry sir all right so I'm going even compared to no Scotia Scotia came up with a 13 billion dollar report last report for the year and I'm like wow we're going to see now where is such ground that's where my feeling of this 32 comes from i believe that

Starting point is 02:31:51 concert conservatively i don't see such a call doing less than 14 billion dollars for the year i mean they did a 14 billion last year so you got it you see the truth you see the truth, you see the man and man can talk to each other about their people Respect, respect, you see that? So conservatively again, I don't see them doing it So you know what I mean, it's safe, it's safe They must go do, at least, aggressive For me, I think aggressively they will do $19 million But here's the thing, here are enough people who don't understand about Sajid

Starting point is 02:32:23 Money man, for a different point. No, do it, do it, do it. I'm not stopping Bridget, I'm not backing you up. See man, they want to read it. Remember, you see like, V-Mail where they take on the Barbados one and they cut them books? Same thing with Sajikor. So imagine, Sajikor grew. So imagine growing right

Starting point is 02:32:45 taking the heat of the bad biggest one on your book and now you don't have it yeah you're free up now you're free up yeah so imagine that

Starting point is 02:32:53 you're free up you acquire agency really yeah like he done run with shackles that's the thing he done run with shackles and he still out there

Starting point is 02:33:01 when he had the the partial training and then let him go release the shackles go away you can move faster yeah i mean look at the money market cap yeah who passes you see them because smarting down i say in a light you know yeah in a light ncu was always the biggest you know it used to be Scotia. Exactly. Yeah, I know you had to say Sachiko, Paso, Scotia. Yeah, yeah, yeah. Who owns 20% of the people owns Sachiko, Jamaica? No.

Starting point is 02:33:31 JMMB. Who owns 5% of that? Prove it. All right. Oh, yeah, man. So, you know, so I can even tell it's all right for the top of me. No, but no, it's not about that because I don't want to intimidate people. I like the fact that you guys, obviously, you're into it. I want to push in a group.

Starting point is 02:33:45 I like that. But I really like that none of you are market experts. You're not market experts. You're not state of market experts. The most expertise in that field would be, would be you Kramer with, with, with,

Starting point is 02:33:56 with, with, with, with, with, with, with, with,

Starting point is 02:34:04 with, with, with, with, with, with, with, with, with, with, with, with, with, you can't miss for making the money in a real way yeah you have to pick it and you have to do the actual thing you make the money for feed yourself send yourself to school for make back the school fee damn bro that's not a lie thing that you've done and you you for your masters you've mentioned that you did you write a paper you actually see the real effect right yeah me john jackson man do everything before i'm turning 30 just launch a podcast when people are listening to it man um so sagic or jamaica yeah no i'm taking before before we get before we forget with sagic or Just a large podcast when people are listening to it, man. So, Sajikor Jamaica. Yeah, no, I'm taking it away. Before we forget with Sajikor Jamaica.

Starting point is 02:34:29 Yo. Yo, Sajikor Jamaica. Anytime we put this up, Sajikor Jamaica's price must fly the next day, you know that? Go on, man. Everybody do everything possible.

Starting point is 02:34:37 Yeah. The end of December, December 31st, we saw where Sajikor price moved from about 69, 70 dollars straight up to 80 dollars last traded price was about 79 dollars and the same thing happened january 31st the last traded price 79 dollars well yes so i'm looking at this and i'm saying past performance is knowing there's

Starting point is 02:34:59 no i'm not saying about it's up but a... But I'm seeing the stock. There is a propensity to book it by Monday. And I'm looking at that and I'm saying, this is indicative of something that is going to happen. That also pushes me out of reason. Well, the company is intrinsically worth more now than it was the last time it was at the same share price. So, I mean, just on that alone, it's worth more.

Starting point is 02:35:30 You have a next one? No. What's your second pick? Select F? Yeah. So, as I tell you, I like the financial companies. Looking to 2019. How long, by the way?

Starting point is 02:35:43 How long? Oh, yeah. This is my year. This is my year. This is my year. We have to do a one year. You don't have to, but you never have to do a three month in a year. I'm going to tell you something.

Starting point is 02:35:57 I'm going to go too aggressive, so I'm going to use my dark horse and go more, you know? Selective, what percentage? Selective I use in a year. So I see selective moving 60% in a year. 60%? Yes. It's at a share price of about 107 um right now yes exactly that's exactly 107 yes so i've been looking into select f from about december they're about from ever since the announcement of trans jam and um the other ipos that we find impending to the market.

Starting point is 02:36:26 The market has been a little bit tepid on some of the stocks. You get me? So it's been trading below the knoll for quite a while. And in December, it was about $1.15 there about. And just last week is when I acted on my watchful eyes and I started to do the action it fell to about 86 cents and actually said okay time to buy so I bought some at 90 cents and I bought some at 91 cents and I said okay yeah

Starting point is 02:36:57 man I really like the direction of this stuff the financial companies I think is going to experience a boom it's a market weighted index and if we look at the highest the financial stock with the highest market cap NCB NCB is currently at approximately 16 times earnings which is below the average the market average way below the market average so I mean when you look at that NCB trading below the market average and we know the type of company NCB is very aggressive undertaking underwriting a lot of IPOs you know all of that so i mean and they just said they plan to enter guyana just off of market sentiment alone that's big i don't know what they plan to do there but they came out in the green and mentioned something about it so i mean look at ncb you look

Starting point is 02:37:56 at signals we spoke about signals are going to time some of these stuff i spoke about JMNB. And last year, Cygnus recovered triple digits. I used it. It was me money. Yeah, yeah. So all of the people, they're going, me money. Straight up. So you double up.

Starting point is 02:38:12 Yeah, man. So you look at Cygnus, you look at JMNB, you look at Sajikor, I spoke about Sajikor. And even looking at last year, the top two stocks for last year, you had Cygnus coming in at number one

Starting point is 02:38:23 and you had JC. And Cygnus coming at number two and JC coming coming at number one all of them with triple digit growth we're seeing marley marlene street forest coming out and saying she's expecting more than two 20 listings she's expecting over 20 listings we know that this is going to contribute highly to just JSC says fee no five a company assistant there we go there we go so we suggest a market cap growing right off the bat dear I mean Jesse might seem a little bit over valid no from a PE ratio but I mean just by growth alone of the market itself JC does know that the general market our general market that will know growth is coming there JMN be with no growth is coming there signals will know growth is

Starting point is 02:39:07 coming there Barry to spoke about another financial dark horse who we say even at $9 people are question okay we'll go anymore 32 will go anymore I mean I'm still on this barrier that you're still sitting to what I know as as of today it is 71 there about 71 18 71 58 yes and i say barrett has more legs to go because after the second right issue it went as high as a hundred dollars so i mean people are buying way up there just for sit and jokes and it has since delivered again a triple digit digit profit increases yeah for the latest quarter. And these are some of the companies with the highest market cap in the financial index.

Starting point is 02:39:50 Which select FWCHA? I'm with you. And you say for one year? Yeah. What percent? Again, repeat it for me. 60%. 60% one year.

Starting point is 02:40:01 I mean, you're expecting it to move from it's current 107 to $1.71. one year. I mean, you're expecting it to move from its current 107 to $1.71 in one year. I think that might be light, you're right.

Starting point is 02:40:11 But I think the biggest impediment... You said, what did you say? Say it again. 107. No, no. He sold it.

Starting point is 02:40:19 No, no. When I sold it, I sold it at 165. Oh, okay. I made it 161. Yeah, yeah, yeah. So then you went higher than that. How did you know back then?

Starting point is 02:40:28 Sorry for people confused. We're talking about the first time he bought Select F at IPO. How did you know to sell then? How did I know to sell? Well, I came in with a goal. As I said, I was looking at 15% off the path. I was looking at it and I said, okay, I wanted a 15% gain. But it so happened and this was a

Starting point is 02:40:45 learning process i missed the market one day because i was busy i sold when it went up to a dollar 15 i've sold some of my shoes very little and the next day i wasn't able to follow the market i was like yeah man i'm cashing out after the next after the next two days, I checked back and I realized that the price was not at $1.40. So I moved up to $1.58 during the day. And I'm like, wait, let me just watch it. And I said, you know what? If it goes over $1.60, while I was watching the market, I saw when it went up and it was refusing to pass a certain barrier. So I was like, okay, i said the barrier is at about

Starting point is 02:41:26 two dollars it's not passing two dollars it went up as high as a dollar seventy and i'm like that are 71 or 72. okay i am quitting this because i see pulling back no more buyers are willing to come into the market at this stage and i saw the queue getting that was the thinking then though because that's your first. Oh no, sorry, Biden's not your first. No, that was my first. Sorry, apologies, apologies. I'm saying, okay.

Starting point is 02:41:50 By then, the man's seasoned. I see the Q again. I see the Q again. And guess what? I already jumped over my 15%. So $1.65, all of my units put up and it just disappeared. That's my thing, you know. I learned from my

Starting point is 02:42:05 grandmother saying with my guide pops from the queue my god grandma never wrong yet and i will serve you gentlemen i can't express how happy i am that you came here um yeah we're really happy to hear this but really i'm not talking to them yeah yeah yeah trust me like i say you look out for you guys and i get away by stress in terms of um people wanted to do it like you sir you're you in industry sir kramer you're going to get people pressure in the fight again guys do not contact me to contact him the gentleman is there his act is in the show notes if you're not on twitter i'm sorry i can't help you you're going to have to get on yourself i cannot help you to get in contact with them the guys did say that you have a telegram group yeah you have a separate it's not the same telegram group that that telegram channel

Starting point is 02:42:52 the channel so it's not no conversation really no we're building out um so what to better serve the the the invest in public invest in public so we're working out the best way because we don't want to lump everybody into a group and then bombard everybody with information and they will know our people to be excluded. So I think the channel for now is the best way. And then after we have our lines of meetings, we see how best we can create different groups. So the man will have something coming.

Starting point is 02:43:21 Yeah. I like that. I hope the man will make a whole heap of money. All right. I should ask something nice. I don't know if I said it At the start Today Well

Starting point is 02:43:29 The 3rd of February 1969 Was the very first Yes And the second big up Would you say something About Rita Humphries-Lewin And I'm hoping

Starting point is 02:43:37 It's a good big up Oh no I think that part That might have to get cut Yeah man Big it up We're talking about Rita And we're talking about Rita

Starting point is 02:43:44 And I said big it up Because remember I say Rita Rita and we're talking about Rita and I said, big it up because remember say, Rita Humphries-Lewin, stalwart in it. Legend, one of the women in it. I mean, a big up Charvel Johnson who is at Sajikor, is under the Sajikor, she's at Sajikor Bank. Well, it's good to see the woman in the industry who is making a stride. Yeah.

Starting point is 02:44:00 There we go. Strong women, strong companies. Exactly. And all of us managed to make some money off something there we go strong women strong companies exactly and all all of us managed to make some money off something

Starting point is 02:44:09 that that lady did long before any of us were born yeah so maybe me damn I don't know no no no

Starting point is 02:44:16 but she's a star in the industry man I'm happy happy that we've all made some money off that I can ask you guys then

Starting point is 02:44:21 what would you like if you could change anything in the industry what would it be I'll start with you at the end here Malik change anything in the industry yeah man change start stop improve actually you see because of i've been there when the industry like it was none i have to be quite frank you know what i exactly right now there's really anything that I wanted

Starting point is 02:44:48 you just continue more I like that when I started third form. Wait, you don't get five bills in a 2011? That's what I'm saying. I just want to say that. Yeah, man. I want to understand. I want to calm it. Anyway, David. David, what would you like to change if anything?

Starting point is 02:45:19 As you know, me come catching nice. Yeah. Look, yes, man. Look, yes, man. I mean, the only thing that I really could say I want to be um JTrader and all the other platforms that we use to trade increase the efficiency and also the transmission of news to be much more quicker and readily available to us investors and shareholders you know there's not a a lull or a gap like even with jc you know there was no real announcement of what was that type of select

Starting point is 02:45:54 i mean md yeah i mean it wasn't it wasn't announced that it was going to be listed at xy people are not going to believe that i didn't tell him to say that they're not going to believe that but but't tell him to say that they're not going to believe that but I understand because the reason frustrate me you guys sound like us so it's a true complaint to have so I'm not surprised it frustrated you guys imagine you just wake up you just see it

Starting point is 02:46:18 I had to go I was like exactly what is going on I had to scratch my face and say alright I said instantly message and go guys I think something

Starting point is 02:46:28 wrong about Jtrade scroll even to select MD and let me know that's literally what I had to ask because I'm like I can't

Starting point is 02:46:34 there's something most wrong with my yeah but I'm sure they're fixing it we benefit the market and increase some kind of volatility

Starting point is 02:46:41 efficiency is better efficiency is better yeah I want more information as quickly as I can, as best I can, yeah. I want everybody to get it at the same time. Yeah, yeah. The only person I want to get it fast

Starting point is 02:46:52 and everybody else is me. And that just means they have to work harder for finding the spot. Exactly. Sir Kirk. Sir Kirk. What I would want to see change is the easiest change I think there is.

Starting point is 02:47:04 Which is? Oops, this page can't be formed oh damn so I was trying to pull up something for polls today and I had to

Starting point is 02:47:15 refresh the page like seven times and I think sometime I wonder if the company them deal is yeah yeah

Starting point is 02:47:23 oh my god sometime one day if the company I'm dealing with yeah yeah I think that's the easiest fix and I would really love it just reliability also our next thing to our gladiator I would love to see more historical data

Starting point is 02:47:39 because some companies like if you look at Seprad how long Seprad on the market? I can only find up to 2008 financial reports for Seprad. If you want big investors to come from across the world now,

Starting point is 02:47:52 because these people need to see how it has been since inception, that means the market needs to bring along those reports. Those things. I like that. And you might ask be more efficiency more information and more history god damn this has been earning season with the eight services investors yeah give them your name and your ad get the clothes if you want if you want um personally um 876 invest um on instagram that's the first thing you know eight seven six eight seven six

Starting point is 02:48:22 invest on instagram yeah I like that I like that and yourselves you guys don't want no person that follows you good oh no definitely I'm so

Starting point is 02:48:28 yeah so on Instagram at Malik Thomas you know follow me always talk about financial things on Insta right

Starting point is 02:48:37 yeah man you might not find well sometimes I tend to post some financial things sometimes I tend to post some non-financial non-financial stuff.

Starting point is 02:48:47 You're the public listener, so if you don't want people to follow you, you don't have to say it. Would you say it's a good thing? Would you say it's a good thing? Yeah, I'm going to remember. Just in case people, I'm feeling gains properly. I'm feeling gains properly, people. The first money I can buy a bimmer

Starting point is 02:49:05 and it's a nice bimmer too glad when I see a young youth I do it, I don't hide and talk yeah, because nobody can look at you and say you're a scammer they can't look at you and say you need to chop off your phone for the man to make it up for the JSC himself I'm going to give your mother a thing after I'm

Starting point is 02:49:22 going to school we love that We love that. We love that. So your at, your at if you want to tell them. At 876 Nunes on Instagram. All right. And you, sir. Kramer, at CRLB, two underscores on Twitter.

Starting point is 02:49:37 Yeah, man. And of course, all of them at and all of them links, everything will be in the show notes, guys. I'm really happy to have you guys here, guys. You have an open invitation. We're inviting you back when we have things to talk about. Yeah, man. show notes, guys. I'm really happy to have you guys here, guys. You have an open invitation. We're inviting you back when we have things to talk about. Yeah, man. Look out for it. 2020.

Starting point is 02:49:49 I like it. I can bring some other people. You know what? Shout out to everybody. It's the 876 Invest. Oh, yeah, man. Big up the whole of 876 Invest. Big up Nunes.

Starting point is 02:49:56 Justin Scott. Yeah. Kimara. Dundas. Yeah. Kimara. Big up Dundas. Big up Henel.

Starting point is 02:50:02 Big up Nigel Brady. Big up Sean Thomas. Yeah. All of the 876. William Chase Ashley. Chase. Big up DaryNell Big up Nigel Brady Big up Sean Thomas Yeah All of the 866 William Chase Ashley Chase Big up Darrell Angle Yeah

Starting point is 02:50:10 Sean Thomas I've met So Sean Oh big up Big up Shaq and Theon Big up Shaq and Theon Yeah man Theon Sims Theon is in

Starting point is 02:50:19 Yeah I've met Theon Theon has been to grow Yeah And bring up Big up Ambre Hustlin Yeah Big up Ambre Yeah Like that I hold it for. Yeah, yeah, yeah. And bring up Amber Hustlin. Yeah, bring up Amber.

Starting point is 02:50:26 Yeah, like that I'm holding for people. What the hell? Damn, you guys, I like that. I like that. I like that on a serious bone thing. Yeah, man. Yeah, I really am not much of same. I'm really glad to hear it.

Starting point is 02:50:35 Yeah, glad to hear the young people are glad, glad, glad. So I'm gonna make it and at this time, the man them are make it off a stock. So I'm gonna make it out of the way away. Like, I remember when I did do it, I'm gonna realize it possible. I'm gonna do it by of the way where like I remember when I did do it I'ma realize it possible I'ma do it by myself for years

Starting point is 02:50:46 I'ma meet one brother who do it then I fried me reach realize three different young people and I'ma do the thing really hard like that tell me something

Starting point is 02:50:54 how many women are in your group that I didn't hear you mention one one one Kimara Kimara there's an open invitation for women

Starting point is 02:51:01 how to fix that though because a lot of women might not want to go in a group and a whole heap of men rare rare rare yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah yeah well you know the group that i mentioned the only person who beat him was top striker Shanice a girl

Starting point is 02:51:27 she bad beat him wicked he got 267 I feel proud 276 yeah over last year that shit over here

Starting point is 02:51:34 and I can't even talk my game's the club it's the last episode not the last episode listen back and you'll hear what we talk we'll speak about our numbers but yeah but glad for that

Starting point is 02:51:42 you might want that's just feedback let's try and find women because I know women care about it because my class grow almost 100% women every single time so women care about the money

Starting point is 02:51:50 and they're very very good at investing so just try finding a bit of conversation yeah yeah man yeah I'll never forget it said

Starting point is 02:52:02 that they said men like to learn Jamaican men especially, like to learn. I was told, I was told by somebody who can tell me those things that Jamaican men like to learn

Starting point is 02:52:11 while pretending that they already know. Yeah. Yeah. We want to be taught like we already do because I was asking her, why do you think more men

Starting point is 02:52:18 don't come to grow? You get me? Because worse. If you even said them they'll come look girl. I mean, the foolishness will not grow.

Starting point is 02:52:24 As in people, I don't want people doing them private time but it truly is a place where people come and learn right and I always wonder you know why

Starting point is 02:52:31 for me I'm like why more women don't come and want men to know that they can make this money it's an alternative for them and she say your format

Starting point is 02:52:40 and how you teach and how you bring it to people open and you talk but it's very clear that when you're teaching that like you know something that we don't know and most women don't have an issue with that because you're here to learn and you're trying to teach but men we like to feel like we know already while we are learning yeah mommy i tell you what to do with the fried dumpling but you do it too you know no you burn that way and it burn it with time we get our head

Starting point is 02:53:02 tough right and there's something about how seen that as some feedback because women care about the money to the 50 of the society you want you want to whatever it is you do anything wrong but you want to maybe try and buy a woman there and find out why more women won't be there naturally i'm sure they'll know they're hearing this they see going to have a lot of women hitting you and wanting to get in. Hopefully. So, ladies, you know, if you want to try and join 826 Invest,

Starting point is 02:53:30 we're always open to it. And we have some women who, because we have monthly forums, we keep, for example, at UE. Yeah. We just gather underneath the Laga Zibo. So, look out for the monthly forums. So let me know, man,

Starting point is 02:53:46 when you pass through. When I pass through, yeah. And we talk about current events. Anything big happening in the market? There's a big IPO going on happening that month. We're expecting it. About five months.

Starting point is 02:53:57 Guys, this has been Earnings Season. I'm at RT Row, Randy Row. And I'm H9. I'm done at H9. There we go. And this has been Earnings you big up thank you 768 best tweet about it

Earnings Season - 28 - Beginner Investor Stories w/@876Invests

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.