Earnings Season - Earnings Season: Episode 1

Episode Date: August 14, 2019

On Wednesdays, find our hosts Randy Rowe & Danhai Hall sharing their thoughts on the Jamaican stock market, Finance and General Business. Find Randy on Twitter at @rtrowe and Danhai at @HDanhai. Earnings Season is an Everymickle.com product and a part of #TheJamaicaPodcastNetwork ★ Support this podcast ★

Hi guys, welcome to the earning season, the podcast from every nickel.com posted by myself Bradley Rowe at RT Rowe and Danai Hall at H Dan underscore Danai, that's going to change guys, I've been saying this right right? Still needs to change his name. Guys, so thank you again. I've been seeing a lot of the feedback from the first episode that has dropped. And by now, when you're hearing this, definitely if you are a meaningless subscriber

for evermaker.com, you would have gotten the feed for this and hearing the first and the second episodes. So one of the pieces of feedback that I got in the first and the second episodes uh so one of the feet one of the one of the feedback one of the pieces of feedback that i got from the first episode was that you know people one they didn't know who i was two they didn't know who danai was something i said it in the show credits but you know they're like they don't want it a smoother intro so we made sure to start off this week by telling you who we are so i'm randy that's danai and um the second bit of feedback i got was that people like to have

an idea of what the show itself is uh so the show is a conversation about money finance so it's i think a typical podcast where they talk about current affairs and so on it's pretty much that but with people like finance and business and money you know it's it's um it's not uh it's not the business news but it's the, it's not the business news, but it's the conversation that happens when the news is on. Yeah, by people who like money. So if you don't like or care about money, then the podcast probably isn't for you.

And you very likely care about money. Yeah, well, I think most people do. Well, some people might not. And I should point out that it is recorded at the BAMcast studios, where our great producer, Sir Bam himself, is here. So sometimes you might hear him in the background. I know a couple of people told me they like hearing somebody else in the background.

It sounded like a nice group. And so you'll hear Martin. Do we call you Martin on this? Or do we call you Bam? Or you don't care? Your choice. All right, so Martin is pro-choice and he's our producer slash voice in the background.

And so this week we have our first guest this week. And I wanted to wait to introduce you, but I guess we can now that we've said it. So you've heard who we are. You've heard what the podcast is, which is a conversation about money among friends. We have guests sometimes but you always it will never be i'm trying not to say a certain person you know it's a podcast i don't care it won't be the owen james report big up owen james i respect i respect owen james a lot pay attention to him over the

years anybody who knows about stocks know about owen james the big of owen james but this is not the owen james report this is more like the randy chatting crap with danai about finance and guests and this week we have a guest who is i'll let you introduce yourself uh good afternoon everyone i'm david rose uh currently are you a mona student i know some of you would have seen the article discussing about my adventures in the market and how i took advantage to cover some fees. So I'm thankful to be on this podcast today and hope I have a fun discussion. I hope so too. First podcast rule is, I don't know what time people listening to this.

So no more times. No good afternoon. It's just, hello. The article David's speaking about, he won the JC's game. It was the young investors game. Oh yes. Young investors stock trading game David won

He didn't say that For some reason Yeah I don't know why he didn't put that in there No no The article itself As I said Would have covered all of that Which is why I mentioned that first

But as we know People don't always read articles right They might just read half I'll give a synopsis Oh you'll give a synopsis Yeah tell the people Why you're famous David Well Earlier this year

Went on Nationwide Did a small discussion For Wicton And then I got a small feature And the feature was about How I use stocks Or the Jamaican market

To cover my summer school fees Last year So Last year For those who didn't know I had that in summer school at UWE and I didn't want to pressure my mom so took some of my investments and liquidated them and just covered my fees liquidated them I mean you just cashed them out?

I mean you just sell yeah just sell and just take the cash and you know took the needs but I had to cover and just dealt with him for myself okay so pretty much you you um you made money from the market and helped your real life yes it's possible and it's always possible oh no we know that we know that here we are very much into it being very possible here this is not that this is not that here you don't ever have to be modest here you just you did some good you cash out something you catch some money from the marketing piece you paid so far I enjoy that you know I spoke about people are heard last week I spoke about paying light bills from from from investing having real gold with the money yeah it's a big big deal so you'd actually did that and in that same

year also one young investors game which then I mentioned and that was actually a pretty fun thing because in the beginning made some simple innocent blunders and after the first quarter i was in last at around 80k when june started at 70k by the end of that month with 44k end of the year 1.45 million oh wow and that was in six months yeah so imagine what the real market giving returns i don't know what does real market giving returns some very good returns yeah you haven't been doing that you mind saying that you mind saying what your returns have been well i can't specifically say the exact returns but a couple companies last year so proven and even in this pharma and a couple other firms you know and that

into them at early positions and when the market caught on I just took advantage of them in this news the IPO we was already listed but once you know what to buy and where to buy you're gonna get advantage of it well sorry I feel like all right cool so you made cool. So you made some money from the market, I do like that, and you said you did it over the summer, it helped you in school, and since then you've been on almost... I don't know if they call it a press store, but it looked like a press store, you've been everywhere. In a sense, yes, because... So, it was a nationwide April, same day I got a call from GIS, did a feature for GIS the

following week. It came out mid-June, then after that, following week, the Monday, I was in The Observer. The Tuesday, I was in The Green Hour again. And then on that same day, I was on Smile Jamaica. Then the following week, I was interviewed by Buzz Media. I went out, I was interviewed by Nationwide again, but this time by Miss Kitty. What was that like? What's Miss Kitty like in real life?

She's a very fun woman. I knew her before the interview, but... I was here at Slavery 2 before now. Well, I knew her before, yes, and the interview was very interesting. So even Nicole McLaren Campbell was there, and people are just interested and impressed that I just taught myself how to invest in stocks because as I mentioned at the beginning I'm a science student I'm not formally taught in business so okay well actually

you didn't mention at the beginning what was your degree in chemistry major math minor oh wow that's that's the that's the hard that. That's impressive to be honest. That's pretty good. I was very impressed by the fact that Danai was... Danai, I don't want to sound extra dumb on the people. I don't want to sound extra dumb on the podcast. So go ahead and say what it is that you... Oh, my degree was in actual science. Yeah, that's the fearful math.

And then you now are... In the math minor. Math minor. So I'm in the subset of what he did. Yeah, yeah. But I think everybody's in the subset of what he did. Yeah, yeah. But I think everybody's in the subset of what he did, except for maybe, I think, people who do pure math are the physicists.

Nobody likes the physicists. You can't miss them. You need them. Yeah, I mean, that's true. But we need physics. We don't need physicists. I'm knocking them. But yeah, it's impressive that you've done that.

And you mix those two things. What is it that you want to do? So I mentioned to people that, you know, chemistry, the scientific field, is to give me a greater base knowledge on how to think differently. So, you know, I plan in the future to open some businesses, probably create some things. But it's all about furthering myself. So I'd like to say to people that, you know,

I wouldn't mind having a personal firm to explain finance or you know work with private clients but it's about bettering myself and also taking opportunities to grow myself further so do you want to work in the finance industry not not necessarily full-time to that extent you know get some experience first learn probably a private consultant but you know I want all that liberation where I can choose what I want to do so I can work in the sciences some studies and potentially create some ideas and capitalize off of them because there's many people have taken advantage of

technological age creating different products you know so opportunities there in whatever you do it's just for you to see the light at the end of the road. Makes sense. All right. And so you don't actually, so you're saying, I mean, I always found it weird that people had to pick exactly what it is that they wanted. I mean, do you like, right? Chemistry and math, then I guess we pay attention to that.

No, that's just the problem with today's society. Everybody's like, let they made this one thing and sometimes they don't like it or they like it but probably a company stated well enough or they really wanted to continue with that area because in rafael nadal had he not chosen tennis he'd have been a pro footballer That's what he said? No yeah When he When he was 12 His parents gave him An ultimatum

Football or tennis Because he did both And didn't want him To fail Further in school So he had chosen Between tennis and football And we know which one

He chose obviously Which is that Rafael Nadal is the World's greatest tennis player Well It's Federer actually He's number two Roger Federer

Okay yeah I wanted to hear Yeah yeah Federer is actually Federer is actually Cra number two Roger Federer Okay I wanted to hear Yeah Federer is actually Federer is actually Crazily amazing Like I don't know Tennis that well

But I started Looking at the stats He's like Usain Bolt Of tennis Like he's way ahead He's way ahead And Rafael is like

The Asafa You know He brought He brought The standards You know That is true Big up Asafa

He brought the standards Because like that is true he brought the standards because like people are going to be like i mean i'm pretty sure nobody nobody knew jamaica before i started to set a record you know like whoa whoa i mean i'm talking about the world record like people didn't take in analytics i have a world record for 900 meters. Okay. And people had to take Jamaica a little more seriously. And then Houston came on and did it, you know? Yeah, but I've not seen a comparison with Federer or Nadal. Yeah, yeah. Houston, Asafa.

I was going to, I was going to think that it was, Federer started everything, but Federer had to stop and slow down for a little bit. And then Nadal just kept up his pace as well, because Nadal has 18 titles and Federer has 20. and slow down for a little bit And then Nadal just Kept up his pace as well because Nadal has 18 titles And Federer has 20 so you know That kind of comparison between Those two extremes

But one is much younger Yeah About 5 years but Asafa is still running So I mean big up a suffer yeah yeah but i get your point i get your point so but i didn't i mean in plain language i like to speak plainly what would you i you get all the money in the world you can do whatever you want what do you do with your time i do my time i but for one i'd probably with my little firm and

probably in some scientific field probably to finance firm and just take some time and relax and just enjoy life to an extent. But I have to keep myself busy, probably play some chess, probably learn a language, but I just can't stay at home just sleeping in the daytime and just be bored. All right, that's cool. I i get that but what would you do like what yeah i'm trying to link this time i said i'm trying to link it back to your degree do you want to work in the area of your degree or do you want to work in the area that you're now famous for which is investing yeah i want to work in here and famous for but i wouldn't give up the entire scientific field entirely okay i get you i get you i get you so if you first thing with the job you get a internship offer from src scientific research council um five million dollar two-year contract and then you get an offer from let's say proven

five million dollar two-year contract which one would you go for i would say the proven oh right now yes because i can always go back to science I can all the science or finance and then you're limited in age but things change dynamically and to get some ground work in and before and understand the field it's pretty good because I've been doing my reading history to observe and so many other resources and the Jamaica and finance space has changed so dynamically yeah probably about 15 years ago most of us went trade online we can't different type of our phones no well I was but I like that actually say how old

you are how old are you 21 you're 21 you don't actually say that much well I'm new marie Dean but I'm surprised like no I mean no I mean you age you don't actually say age much it just occurs to me that I don't actually know your age until now is that like you do nothing where people are it was their ageist I mean well in Jamaica especially is like we respect you unless you think that you old thing is mostly most men actually think I'm younger so I could say that I think I'm like 16, 14 Wow I thought you were In high school

Yeah I actually Yeah I thought you were In high school too I thought you were In high school too I thought you were In high school Or just going to

I think your username His username on Twitter Is at JC Knight JC Knight too With a K The knight The chest piece The knight

Like outside Okay and why The JC is because of jamaica college well that and it's it's my monica like when i was in high school i used to comment on instagram and people actually would see me and say you're jc night 40 oh it's you and that's my instagram name so i just took with the jc night for twitter as well, how did the Instagram name come? I tried to find a name on Instagram and that one was just convenient and it actually was related

to me. So, the chest P, the knight in chest, can just jump over anything, move forward. And JC was the school I went to, so you know. And I said, I used to comment on a lot of Instagram photos so the guys would be like, you're JC Knight 40? Because I would comment on my female friends photos And my comments

Were pretty interesting Okay Like what? So I would say She I would Some poetry or something like that And I would just

Be very explicit Like You know I wouldn't say look good I would just say look ravishing Or Like the Nighttime sky

Would your Would your friends? My female friends. Oh, I thought it was your school friends. It's our boys, that's really wonderful. No, no, no, that's fine though. It's 2019, we're all inclusive. If it was his friends it wouldn't matter. That's fine bro.

That's fine, that's fine. But I get what you're saying. So you went to JC, which I think was the main point. And you kept the name, so you kept the JC in high 2 I think it's because of the JC why I thought you're in high school still I thought like you're in high school or you just went to university You know say like your first year, but that's good. You almost you finish in university soon, right? Well, I have two more years come right as I mentioned earlier. I was seeking first year so I have to spend an extra year But hey, if you can make lemons in the meantime why not yeah yeah we're all about the diamonds here making the diamonds um I like I like that I like

the story I know you mentioned chess a couple of times so you do you play chess yes so I actually I'm the Jamaica Chase Federation's public relations chair oh yeah oh well earlier today I was taking some photos at the Masters Knockout. Oh, wow. Who won? No, it's still ongoing. It's at the quarterfinal stage, you know. Oh, do you know Horace Sinclair?

Horace? I saw Horace yesterday. Oh, yeah. Yeah, man. I think he knows. I think he knows Horace. No, I used to play with Horace in high school chess. Yeah?

You know, like, what got me interested with chess was, went to JLC, your parents were like, in high school chess like you know like i was interested with chess was went to jc your parents were like go on a club you know we're gonna probably get scholarships in the future so i went to a club computer club all they did just they started a little c-sec it then play halo the rest of the time i'm like if i'm going to be wasting my time but i did something productive since they're playing halo the game you play chess again taste the game hey at least my mind has been tested no hey i'm not gonna kill you but i was interested in chess i was like if i'm going to spend my time playing halo why do that at home if i have time in the house to use why not use something productive and i get you i get you i'm not gonna knock either those two as a og nerd myself i like both halo and chess um and i see bam bam there bam holding on nerd for it also so yeah you're

in good stead here but i i want to know and this is my personal thing i always wanted because i love chess i don't play a lot of chess though but i find the strategic applications of chess in real life all the time. Yes. So, I mean, have you found any of those things, especially like in your own, well, in your investing journey? Because I see it a lot in the market. I thought the market is very strategic a lot of times. I thought business is also strategic. No, and that's how it is.

So, when I'm investing, I look at, so in chess, you have psychology and you have tactics. So you can be playing some subtle moves and your opponent can get tricked just based on the way you're playing. And then you can be making simple tactics while no one is noticing. So I've been looking at stocks and people are like, why did you do this? Why did you buy this? Why did you bet at that price? Why did I bet in the first place? Because I see a potential upswing this why did you bet at that price why did I bet in the first place because I see a potential upswing

why did I bet at that price because I was on a lower band meaning between a trading range say 40 and 48 I'd buy around the 42, 41 you know

some specific bro which stock you talking about yeah that's not very specific I'm not going to mention which stock no mention the stock it's fine

it was Hachikor okay but is it wait hold on let me know if we need to beep is there like a special reason why you don't want to mention which stock? No, mention the stock. It's fine. It was Sajikor. Okay. Wait, hold on. Let me know if we need to beep those. Is there a special reason why you don't want to mention the stock? No, I don't want people to think, you know, I only buy these particular stocks because I always buy different stocks. But, you know, people are going to say, why you chose that one?

Oh, yeah. Get ready for the DMs. Oh, yeah. Trust me. So, you mentioned Sajikor. You're going to hear, so I should buy Sajikor too? No, come on. I'm going to tell that to the advisor.

I'm going to tell that to the a licensed advisor but no like when i first invested in that was the first company i bought actually sagicore was the first company you bought yeah that's a good question so the first investment you ever made was sagicore yes why i'm best to ask me the same question and i was like you guys just acquired a bank you're growing you have a you have a relatively good stream and a whole and Jamaican market. So I was like, this is a company I have to get in for the long term. So when did you do this? When was this? 2016, three years ago.

Three years ago. What had they acquired three years ago? Three years ago, I started investing. So I got my first summer job and that's how I got into investing. Oh, so that was your start in investing. Okay. And you picked Sajikor because you thought, you you know they have a bank and they're growing they just acquired a bank they had just acquired a bank in 2014 so they were still in transition phase so two years okay for them to continue integrating and i'm building it out there's potential growth for that and just and just for the listeners i know that the bank that they had acquired for anybody asking to save you from dming me they acquired rbt rbc rbc so rbt had changed its name like it moved from royal bank of trinidad and today go to royal bank

of canada they moved to sagicore yes yeah so much acquisitions as you would say yeah emily emily big up again at five sale on twitter ryan who has been preaching that the economy will show its rise through the increase of m&a which is mergers and acquisitions over the next five to ten years and he said this about three or four years ago i think publicly he said it three or four years ago so shout out to ryan also hopefully i ran on this one of these weeks if ryan if he's if he's up for it let me know ryan if you are you listening but ahead. So you know I tell people when I started out I was at home earlier today and even took up a card where actually it's with particular stocks the price I was going to buy them at, the positioning in the time horizon. What you saying?

Okay I like that I like that that's so sensible to me all right so I tell people all the time right people ask me and then I tell people all the time, right? People ask me, and then I hear it all the time, which sock good? Which sock I must buy? Everybody want to know which sock I must buy, which sock is good?

I literally can't tell you because I don't know you. It's not like you mean like I only tell my friends because I can't tell my friends either. I got that one too. Yeah. So you only tell your friends?

No, that's worse. You are angry now if my friends hate me for this. But it's the truth. I can't tell you because I don't know what matters to you. First, I need to know when you want it. Like, what do you want?

What's your goal? When you need the money for? How much money are you starting out with? And then, based on that, I can say, okay. And then, of course, there are other little things like risk tolerance, you know? Yeah. Are you going to cry if it goes down a little bit? I have to deal with your messaging me all the time. I i going to remember to tell you that's the most major one

i don't the most major reason i don't tell people to buy is i tell you something's good let's say i say you mentioned it in the article gk you mentioned oh gk would have been good for an investor that pause just now was me trying not to say any stuff because i have to deal with people saying that i said it all right so those are gk especially not gk big up gk but no no no no let's say i say signos we're talking right now we're talking early august signos is it has risen significantly over the last couple of weeks but it is still in my personal opinion amateur opinion well below its proper value right it's what's it that right now i know you know the numbers $22 right now it's so weird how he does that it's so weird how he just has the numbers then I were talking

earlier right we're kind of and like when you into investing you naturally get numbers all the time right so I joke it that I say like like it's weird but I think about it I know that NCBb increased the dividend by 29 last year right yeah to 90 cents right so i guess a normal person for me that's like weird why does he just know that out of the blue but it's weird to me that i can ask you any number why do you remember exactly what it closed on friday no that's just me i'm an analyst like oh god i use data from the past and correlate the future i did history in season as well you know listen proven need to snap you up right now i'm working with him for the summer right now big approval okay big approval

and they have some big moves coming to people that's not me saying to buy approval that's me saying that the company proven has some big moves coming make your decisions on your own i speak to a licensed financial advisor which i am not and the thing is when I actually before the article came out I was still searching for a job so I applied to several Jamaican companies

and them said no they didn't respond to me yeah they were real to you and when the article came out I got all these calls even the

current human development officer for one of these companies called me and says we need you and my dad was like David come to Jason's where is dinner I'm says we need you wow and my dad was like David come to jace where's dinner i'm like sure i'm there and then Chris Williams like it's you

it's you i'm gonna fight you why why didn't chemistry give Chris a deeper voice for this we're gonna do it again let's give Chris a deeper voice so like Chris was like why are you doing but that's fine i get it so he phoned out who you were at the dinner no the thing is I was actually emailing him before and he was he never realized

it was me but he probably gets a lot of emails to be fair he gets a thousand plus per day yeah there we go so he has to

to manage his time he has to let's not let's not rag on like the people who run these companies they are basically

they have a whole they have a lot especially we spoke about that last time in Tyrone yeah yeah Tyrone funny enough your story is similar in my mind to Tyrone

because Tyrone also went to JC. And he also has a bunch of good experiences coming out of the JC Old Boys dinner. Yes, and Tyrone told me a story. When I was at UWE early last year, he actually told a story of how he got to interact and integrate. You know, he was explaining that he had this idea,

and he was at the back of the class, he's broken his business ideas, and he said, I need to meet some investors, and went to the JSU Old Boys Dinner. Couldn't actually afford it. Somebody helped him out, and he met up with the new BOJ governor. What's his name? Richard Biles. There we go. Sir Richard Biles there we go sir Richard Biles we spoke about in that

I don't say that's a decor mr. surgical yeah um funny enough so what I said is our legal advice we spoke after hearing the first episode spoke to us about maybe I was being careful about we say however we're pretty careful about that but just to be clear Richard Biles is a person was at the helm of such a core when they did that massive transformation of the revenue model of X fund yeah where they were they took on player oh yeah yeah so we had said in the last episode that it's like it's a grand reworking yeah they had so big up specifically Richard bars for leading that effort because it's a grand reworking. Yeah, so big up specifically Richard Bowers for leading that effort

because it's not often that you see a Jamaican entity rework itself so quickly. And on such a large scale. Exactly, because they're a huge entity. And when actually with the documents on the New York Stock Exchange, I realized it was a big deal. You see the CEO's names for several different companies and you just like wow we talking about the x1 deal actually went

to my documents I used to such a professional cooperation it's a specific individual you see play and I was just like wow because the reporting requirements on the US exchanges are more stringent and in Jamaica way more yeah we really do need that in it. And you know, it's so funny. I respect that you're going through that. So that's something that Danai and I do all the time. We pay attention to who owns what.

We pay very, very close attention to who owns what. That's why, you've heard us talking about Big Up Chris Berry. Again, Big Up Chris Berry. Always Big Up Chris Berry. Yeah, Big Up Chris Berry. Again, we spoke on the last episode about i said i think the term i used was following his footprints um because when he does something i mean there tends to be a good reason behind it and it tends to be profit behind it so even if

you don't know what you're doing you look for his company so you see the moves that they make right the reporting requirements in america are so much more stringent that we would see a lot more things a lot earlier but even the level of things that you can see no publicly available data is just for who isn't who have enough sense of going either pay for it or acquired or whatever but it's publicly available data that can give you things that allow you to see a lot of the early moves so people are wondering your hor and you know something oh I know something they must have inside in but we do inside info yeah but there's

a lot of value in knowing what is public information and knowing where to find that public information and pay and reading it and then connecting the dots on that information and that can be as simple as going on the jc's website www.jamstockx j-a-m-s-t-o-c-k-e-x.com and reading the releases the news yeah well check the whole site but yeah the new section is a good section disclaimers and disclosures are made yeah yeah a thousand percent and guys it is boring yes it is boring and dumb it is unless you have the love for it it does it is pretty boring you're not going to spend your time doing it but then find somebody who spends the time doing it listen to this i mean we can't help ourselves we talk about good stuff um pay attention to every michael.com passenger to people on twitter follow h underscore h dan

h dan underscore you really need to change that name you should call yourself at the other than i yeah please oh yeah yeah you know what? Do you get that joke? Because you're kind of young. Do you get that Danai joke? No, not as perfectly as yet. No.

Okay. You know what? Try not to go to a Danai joke. Yeah, yeah, yeah. I will explain that to you in the podcast. I'll tell you about that joke. Go ahead. Yeah.

So even on Twitter, every other day, I'm writing long threads and people actually appreciate them. So even recently. Yeah, people do like them. Because you go to a level of, no offense, boredom. Because I love this stuff by the way.

Yeah. My talent lies in making the boring exciting. I read the reports and I don't read your tweets because Jesus, you go through it. But I don't have to do it because I read actual numbers.

But for somebody who might not read actual numbers, your threads do offer a lot of information. Yeah. Tell them your hat again so people can know how to follow you.

JC92. J-C-K-N-I-G-H-2. G-H-T-2. Thank you very much. Oh my God. Say it one more time for the people of Leeds. J-C-K-N-I-G-H-T-2. That's what I've been spilling me over here. thank you very much oh my god say one more time for the people of these ACK

and I ght2 yeah yeah so you know that they explain what's a right right issue is I'd say what t plus two is you can look at my profile for that and even my pin tweet on my profile is on how to open an account that's one thing most people don't do they always say i want to invest but what is the hardest step opening the account so that's my pin tweet explain how to open the account and what each broker's opening amounts are you know save yourself the time save yourself the hassle because i know jamaica's institutions are tedious and boring sometimes because two hours in the bank but two hours

waiting just in one deposit not even that's even a deposit probably even open account yeah no you're opening account that's an all-day process well that's why i make sure to go in my documents already typed and carry my documents something you're printed just to say massive the time okay yeah still gonna take all day no but that's just because of how our system is thanks to the scammers in Moby. I don't want to go too deep, but I know banks are working on it. I know large banks in the sector are working on it. I know it's an

active thing from some banks to reduce their time, but the reality of it right now all day to open an account. I said this up to last week, I have people giving me. They want to like, they open their brokerage account and they want to do a certain transfer.

So they say, let me just at the same time and try and open a bank account. All day process. Even when you walk with everything, all day process. You go see your weight, you get the number,

you can take it to us. You see that little desk at the side of the bank? Oh God. That is the first layer of hell. I don't go there. If I have to go there, if they have $10 million for me

and the cure for longevity and the DM of Shensia, well, I'm going to go there if they have that last one. But everything else, I'm not going there. It's terrible, it's terrible. Banking in Jamaica, they call it the banking hall experience internally. The banking hall experience internally is the first layer of hell it's an extreme

or it does know it is punishment an extreme sport is exciting punishment it is that he said to put the TV on the worse Indian movie ever and he just sit on and it's like a grill across the TV I'm like the TV is inside the bank and he's going to come if somebody has coming here to steal the TV you have bigger problems. You sit down there and you spend two hours and it's just the same thing. And it's TV,

JN News. I'm like, I've been here till 12 o'clock. And yo, it is, it is terrible, terrible, terrible.

Sorry, sorry, sorry. No, no, but you're talking the truth. And it's reality because I said, if Jamaica was a little less informal

and what I mean by this people is informal meaning that transactions aren't recorded and formal meaning transactions aren't recorded Jamaica's economy is still very informal majority of our economy isn't tracked so because of that it makes the bank's jobs even harder because

even to proof of income that's a difficult thing for most people because all companies pay their employees through the bank jobs even harder because even to proof of income, that's a difficult thing for most people because all companies pay their employees through the bank. They probably pay them through cash, which, you know, makes it even harder to verify income sometimes. And as I said,

it's a part of the issues that came down from years of different systems and situations. But there's something that time to do something about it. But maybe do think I mean I like to joke and say that is your job to help fix it because you tend to be very vocal and I think David is known for is that he goes to a lot of the AGMs try to annual general meetings at these companies and you're known I think you need to talk picture noise a picture of you at the AGM yeah well that's my what's that picture that's your what's a I see what whatsapp picture yeah cool but you should make

that your regular picture don't delight then i have a dog a dog dog in diapers that dog is very close to my heart guys are you on my twitter it's a little sentimental because it's like from an episode of house you know and it was a kid artistic kid giving his psv to house so you know that's the idea you know yeah now i'm a little older so for me it's like a game boy to host i would not give host a game boy a game boy color no but it was sentimental you know the idea of very sentimental about my game boy pro but still man and the thing is i've some banks have tried so jn they actually have a i tried something last week when you go JN, you can actually fill out the form just by typing in the data. And when you're finished,

it will generate the form for you and you can carry that into the bank. And it saves you so much time because to fill out those forms, if nobody is assisting you and you make a mistake, it takes more time for you, you know? To fix it.

And even for the recent IPO, Sajukwa Select, in the IPO, people are like, why take so long to come out? Let me tell you something simple. It's a legal situation. It's people's money. They can't rush it.

Again, hold on. Let me just, again, this is David speaking. Go again, David. I was saying that it's a legal situation. That's why they cannot rush IPOs because people are like, why take so long to bring it out? And I have to explain to them, it's a process situation that's why they cannot rush ipos because people like why it takes a while to bring it out and i have to explain to them it's a process they have to check

the forms and i'm glad for ncb bring out go ipo because that simplifies the process that makes things easier but when that's how right regular forms oh they have to check and make sure the numbers are correct you have to pay for the correct incremental amount and and that's just the problems we have so even though the banks want to make things better yeah people also have to try and not rush some things that they're doing because that kind of holds up the process as well i understand so big up ncb for ncb cap markets for um that's a free ad they go they go ncb cap markets for the go ipo um application application yes website um we can lab listed what you said go quickly lab listed yo that was impressive like thanks for that pressure no like

the first one it came out the 15th it came out the 15th the following the base of all that meant was it was it was all subscribed and then the funny was listed like three weeks and it was in and out and plug mayberry with wigtown's ipo that was really yo wicton was a beast and wicton was an example of i think excellent management from the start to the finish i mean know that i know a lot of what happens behind the scenes for ipos i understand what what must have gone into having wicton that must have been planned way in advance it was actually separate from august august from about march in 2018 that's when they actually won the bid and it should have came out in august but it's a lot even even when maybe i say this mje it takes a lot because to try and as people want to know

ipo's initial public offering so to take a moment from private to public depending on the structure it can be very tedious and difficult. So, you know, for companies that can get the IPOs out quickly, I have to be thankful because it's a lot of work. It's not easy. Yeah, it is pretty. It is a lot. And again, big up

Mayberry. Mayberry is like, what, 60% of the junior market, though? They said most of the junior market. They still have access first. Yeah, at least they started it. And I suspect if it ever ends, as it has ended once before, it will end with a Mayberry list. Big up Mayberry for that. You've made a lot of us a lot more money than we thought would happen.

And you've actually helped Jamaica. Yes. You know, I'm part of Jamaica, so that's talking about me. That's talking about me, bro. I don't know those guys that are just happy for the money. No, no, no. We're making money still, but it actually helped Jamaica. Yeah, it builds the country. When when these companies grow it actually helps the overall

that tax and fee lining on every trade i do you know yeah man bring up the government for taking my money that's cool please please do great things with it and dividends too the 50 with holding tax that's right i don't really i don't really mess with the dividend stuff but i get what you say yeah yeah i know so that's one thing um in terms of trading david and i and dana and i verse much a lot more similar in how we invest david is tell people you miss you have like an investment philosophy well for one if i'm going to invest i have to know the horizon is it the case where i need this money to quote unquote be flipped in a particular period of time so you know i have to look at practically invest companies what the horizon is and what can happen within this period of time oh

god you sound like you caught in me i love that keep going but if it's a company going for the long term yeah i have to know if i i don't know where i'm going to go so if it's going to be a one-year investment how far am i going to go. So if it's going to be a one-year investment, how far am I going to go? So am I comfortable with 20%, 15%? And that's just it. Okay, hold on. So when you say long-term, you meant one year. Okay, my mentor,

because I actually was taught trading to an extent in the US markets for a few months. He actually says anything between 18 months is actually an investment. Oh, who's your mentor? Well, his name was Aaron Carby and he used to go to JSC as well. And if you take a note, JSC were connecting me with him and he taught me some impressive things about trading, to be honest. What's his name?

Oren Carby. Oren Carby. Well, you can't find him on Twitter right now, but he said he doesn't want to hedge fund in the US. And he still trades locally? No, he doesn't trade locally at all. the US and and he still trades locally no it didn't trade locally at all oh too much money oh wow no no the US market pays him quite well we're talking about a million dollar hedge fund yeah but the Jamaican market is better than the US market right now right now but the thing is that

he's a trader he doesn't only trade stocks oh he trades everything he trades penny stocks bonds ETFs CFD, CFDs, REITs. It doesn't matter what it is. Forex, he can trade it. All right. So, what do you think is the yearly return for something like that? Well, it depends. Percentage-wise.

Well, in his case as a trader, he can get sometimes 20% to 30% based on his risk management strategy for the year as in his portfolio growth for the year is like 20 to 30 percent yes and that's not a conservative end because the thing is what's the top end god i i didn't ask him that part but okay the reason okay the way it does it yeah risk management so for one hundred percent very important do not trade frequently not because of the fees alone, but because you might end up risking money and then losing what you don't want to lose. As if you do it badly.

I agree. Even if you do it good, things can change. That night was the first rule of investment. Don't lose money. And the thing about it, he actually showed me that if you trade less, you can make more money

just by choosing the better trades. Yes. Because if you have 20 companies to choose from and only 500 to go past 10 percent make sure you're gonna choose what goes at the maximum amount isn't which is right yeah that's right diversification no not even diversification that's that's for those who have capital like a million dollars and above because when you have little capital it's very hard to diversify to an extent and that's the reality of it

but he was trading anything so bonds forex you know options and we've been asking what these things are

these are different financial securities that aren't available to Jamaica as yet but as yet like like

like shorting right well I was at JSC's AGM recently and they are going to be moving the brokers over to the Nasdaq platform come November. And based on how tests go and everything goes well, we should be having short selling in Jamaica.

And for those who don't know what short selling is, it is borrowing a stock and returning it to your broker and making money off of that. Let me give you an example. Get into it. This is so good go go so so if you buy 100 units and you're going to sell that stock on the market at the $30 point so the stock goes down to $19 you buy the stock at $19 and return that stock to your broker keep the difference of $1100 So that's how short it is You're making money basically

Or a stock going down So like for those in the US When Tesla went down from like $300 to $195 They made a good profit Because the greater the difference Or as you would say The decline The more money you get to retain

So even recently The JSC and Blue Power Those stocks went from JC when I'm 34 38 to 19 recently loop only from 14 to 9 so you could have this barter second your broker sell it at the market price and then it's returned to the broker really and truly and keep the difference and that's what shortening really is you know you just barring a stock and getting keeping money off the difference in the

decline but the thing about shorting it has its risk as well because the stock goes up it's left to return that stock yeah if we buy it at a higher price exactly and that's the risk to it but all right let's test that hold on one second bam you understand shorting all right yeah sorry people if you didn't get that though we'll say it again it's not david's fault sharting is a little complicated it can be very boring but if you know it can be very exciting but it is i think like the main thing something that it is complicated you're just saying how dangerous it can be because it can be dangerous it is higher risk it is much higher risk because you have to return it to your broker anyway because the thing is with when you actually buy a stock you actually own and take that risk directly for yourself yeah With shorting, you are just trying to maximize the potential loss of a company.

So if you realize the company might be seeing a decline in their profits and this market will react negatively, you would just borrow the stock and just wait for the decline in returns and collect the difference. And that's the thing about it because in Jamaica right now, you make money from investing in stocks two ways. Capital appreciation which is

buying the stock low and sending it back at a high price. And the other one is? Dividends. Dividends. Those are the two ways but in the US market,

there are... Let me say it again for people. So the two ways you can make money in Jamaica off stocks is you buy it and the price go up

which is capital appreciation or the second way is dividends where a company pays the dividends to you. Dividends i think a big dividend is four percent five percent per annum and then tax and fees come out of that um capital appreciation has loads of room i mean currently currently i'm up over a hundred percent i'll leave it there i think that i think that i'm saying more yeah go ahead no no say no say you return say returns that i said let the people know what's possible

but your year today just for this year your year today so my year today is currently better than i've ever done so last year i didn't make as much for the whole year and the year before i didn't make as much i'm coming through 235 percent that's right stress them stress them i'm 174 percent yeah but i i've been spending on plans and david if you want no no with a percentage i can't tell if i have a specific few stocks you know because well you don't want you you don't track your whole and if i don't check my return it's just that i haven't been keeping up with my new purchases, you understand? You use a dashboard? You use a dashboard? I use something similar like that,

but I don't necessarily check to see the returns. I know the returns are there. I know what I'm... Yeah, I can't read. But the thing is, I don't want the psychology to start hitting up onto me, you understand? Yeah, no, but then you have to deal with reality.

It's like a chemical reaction. You don't measure the effect of the reaction because I don't want to psychology no you need to know where you are no no no the thing is i know that i'm above 70 percent i don't want to hear that no no no you're gonna go to go you're gonna go home tonight guys anybody listening in the same position follow these instructions go on www.evermickel.com slash sd board or just go on www.evermickel.com slash SD board or just go on www.evermickel.com click stock dashboard download the dashboard put all your buys in

put the amount of money that you've spent to get those buys so if you spend you know you spend a hundred grand on some stocks you put in a hundred grand

you put in the amount of units until you get and then you go back to the front sheet and you put in whatever the name of the stock is

and you say how much your money is you need to do that David no and the dashboard is brilliant though but you don't know because you haven't used it because if you have used it if you had used it you would have been able to hit refresh and see what the active actual return on your stocks is as at friday it's a man is 174.10 what is yours you see how you see how i know no i i get that. You need to know if that which isn't measured doesn't matter. That which is measured matters.

I know a lot of people. They go in and they're buying, they're buying. Yeah, man, this got up, this got up. They check the return. Boy, it's not really that great. Because 20% for the year and they really thought their way up. No, no, no, no. The thing is, I took some...

I said, I don't want to discuss some of them, but I tell you i have to okay i've sold some stock which is why it wouldn't have been easier for me to factor it in return but for the new companies i've bought into recently we're talking about over 50 for most of them yeah but watch me now the dashboard tells you exactly how much you've made over 50 percent and how much of your money because you really actually I put 10% on money I make it go to all 50% and the rest of the money doesn't remove yeah I feel good about this last stop because boy I mean 50% on it in reality is really a 5% increase well I guess a no still but you know I said when you purchase that but

recently you know specific ones they have done no idea because you have a measure them I can't be sure so you know how much of your money went into those stocks yeah well I know how much I went in and I know the difference between what it is I know because the thing is

most of the time I tell you I'm from the psychology most of the time I actually know the calculation in my head because I'm Alice

so if you know psychology you know that human beings on a whole we don't play naturally the bad and we overplay the good we think we're further ahead than we are and we overplay the good we think we're further ahead than we are and we think that the losses aren't as bad as you and i say that for myself so do you

know but you know what stops me from doing it there's nothing that can argue with microsoft excel one plus one is two microsoft excel always show two so when i feel like the good and excel say 23.4 percent and i know i feel like it's bigger but feel like don't matter because feel like i can't carry to the bank so trust me just there are different times in my investing journey from the very first time when i did it and i made some money so the last time last friday when i realized that boy this is a plan like it working there are different little points in my investment journey that have changed how i see it and one of those points is the very first time i charted out what my actual buys were and see what my actual return was it make a world of difference it's it i mean

literally in the moment change how i invested every day like i had a bunch of decisions in my head and decisions just immediately became easier because this can't give me more than 35 percent my biggest probably most i was probably over and over and over I have too much plays, I look at the market and I'm like this guy go up, this guy go up, this guy go up I start quantifying this guy go up 30%, but that's 100% so which one is better, to throw money at 100%

and this might go up 100% but can I get in? can I get this much money in during this time? can I get this little, is it worth going in? what is the actual risk? the second you actually start to track it everything will change that goes for you I'm glad is you because if you think you're like top of the stock so hold on I'm saying that to you if you're top of the stock and you already making really good returns and you haven't been doing

this then if you need to improve it imagine somebody who don't understand you know the best way to start out is with it so trust me everybody listen and for you to David do it if I feel if at the time i'd make you actually put the mean on the thing because i have a dashboard copy on me but trust me you you it changes everything about investing once you start and the thing i'm going to mention as a high school coming up i've just been continuously following one philosophy i want to get better in life oh that's up yeah no you know that's the thing about it because i i would tell you about some friends last night i have four friends and i tell people invest and just start to learn

so i have four friends one my foolish advice well it's not foolish but you know no we got it so one friend to my best when i was in high school when I had to invest in but four companies and now he has five and the thing is he hasn't touched any of those companies in two years why did you have a fifth company because of make me berries and dividend in specie and MJE the amount of money we made on that hold on check this do you see anything like that again right now in the market like as it relates to companies

going up in that way the moves like what Mayberry did alright so both because the moves like what Mayberry did caused MJE

MJE and MJE and it it it's allowed you to it's allowed them to benefit in a certain way and it's allowed savvy investors to also benefit in a certain way and it's allowed savvy investors to

also be sure in a certain way yeah i was lucky enough to be at one of them so was that night so and my friend was lucky as well because i said he hadn't touched portfolio in the car about two years and he's in barbados and when he came back he was just like damn he looked in the mail a bag of dividend checks that's the one and then when I told him the actual returns he was like wow so that's one friend another friend I mean because

so I would so if people don't open their accounts I would explain to them you know help me with the proof of address so you know they're like

then you're little I'm like alright I'll send it to you I tell this girl say you open your account she opened it finally in February but

the potential return she missed can't quantify them another friend she does open her account now She opened it finally in February But the potential return she missed Sorry guys Can't quantify them Another friend She just opened her account now And I was preaching like a A pastor for some reason

And just opened her account now Another one She was coming to AGM To meet in corporate Jamaica You know Seeing the actual returns And she tried to open her account on Friday You know

You know how the account opening process is Right now in Jamaica So you know Of the four friends One once my best and he's actually made good money off of it and as i'm saying he wasn't even here being major investing but accidentally yeah he benefited from the bull run accidental games yeah yeah but but it's still games but the thing is if my other friends had started they would have been a better position as well and they're in Jamaica to see the actual reality but that's not bad

that's two out of five because you invest you say you have four friends plus you so five and then you invest and then one has invested accidentally and made money

so that's two out of five so you got many rich friends out of the group yeah so the other three are going to be on your area yeah believe me

20% of Jamaica got rich oh if you think this place has changed yet Jamaica is rich already, but. Yeah,

well, no, we're not rich yet. That's true. We're not rich yet. Jamaica, we like to say Jamaica is rich because you can see

a lot of nice vehicles, but that's not rich. That's not it. No, that's not rich. Yeah, yeah, yeah.

No, but yeah, I tell people, you know, if you want to change your life, you have to start doing something different. So,

adding a skill, start investing, you do something, but you can't just be complaining every day that things are getting worse jobs stressing me you know you have to just find what works for you and just keep building on it isn't that how you build off a wall or even a kingdom yeah i have not built a wall or a kingdom i'm not done with those guys who say build a wall either but i'm not really done with the kingdom people. Yeah, the kingdom people kind of screw up over the years.

But I like your point. I like what you're saying. I like the change. I like that you're young and you're getting into it early. I also like that you're very activist. One of the beauties of being an activist, like activist investor, is that a lot of people can't be activists because they have ties already you have any kids to worry about you'd have any you'd have any heavy ties and you have a we know yeah well you notice that all of his friends

were women yeah and she's like this but there's one guy but he's in Barbados Wow but yeah yeah yeah right yeah the right point, I think, to take advantage of the industry because I started pretty early too. But the real meat never started happening until maybe the last 10 years, really. And then for you, the last 10 years, I mean, you spoke up, man, say 15 years ago. How long have you been investing?

This is the third year, Virgin. Oh, wow. So we started at the same time. Oh, yeah, yeah, yeah. But as I'm showing you, I tell you i was out interested in investing and my mom was like come with this particular broker i'm like no no no i wanted my own thing i learned mother had a broker recommendation because at the firm she

worked with i won't say which specific firm but you don't want to would we want to get people free advertisement thank you no but it depends on who those people are i mean if you can't if you can't that's fine so your mother had a broker recommendation yeah and i said no you know so because the thing is all she wants me to do is follow their advice and not and that's the problem right now people always say oh the broker sent me this or that and i'm like what have you done for yourself to learn or make your own decisions and that's the thing about it highly taken her advice i'd probably be making less in returns or not even understand most of the countries i understand right now well not probably but um you said you're about 70 this year so not probably first year yeah yeah well you're about 70 and the brokers having the best year

ever that the funds right now oh the funds are doing good give me that number yeah that number in your head well i know recent check one or two weeks ago the equity funds for most are the brokerage like barita sagicore uh ncb are above like 50 60 percent yeah and it's a few months barita's number i think where it was around 61 percent around that range ncbs i can't be exactly but i know that sagicore was around 70 percent and it's actually published knowledge people on their actual websites because that's updated daily so you can check this out for yourself talking about funds we're talking about unit trust that's that's true but the more things you say bro is the more things you have to explain which

that's okay it's not too much i think but yeah guys check check check every michael.com if you want some explanations what those things are but yeah the the funds are having their best year ever and um i mean the best year ever sounds like a normal year if you know what you're doing so so it's it's they i mean they have different constraints but it's good it's good that you're getting into it it's good that you and your peers people of your age are getting into it because the years before you the generations before you would just get into it the same way i wrote something once about credit cards saying that one of the things with jamaicans is that like where we have low financial literacy because like my generation my mother can't teach me how to handle a credit card because my mother

got a credit card around the same time that I got a credit card. You get me? So the two of us learning it the same way. So, of course, she has sense. You know, you don't run it up. You try and keep a small limit, blah, blah, blah. But she don't know nothing about braffing. You know what I mean?

She don't know nothing about braffing. She don't know when the card swipe, the card swipe. You know what I mean? Yeah, I'd have to worry about that until next month. But you have the chance as somebody young to come up and see, learn from the mistakes of others and learn some of the good things. So you invest in that.

I'm happy that you've done that. I hear you say you're going into the industry. You want to go into the industry. Yes, it's pretty interesting, you know? Even up to right now, I've been learning a lot about what actually goes into creating somebody's returns for these investors. So it's a lot of work, but the returns are pretty good. The returns are better than pretty good.

And the financial industry really pays good money because if you actually look in the US where the actual money is really being made, you'll be surprised. Yeah, yeah. The financial industry pays really well because the financial industry does make a lot of money they run the world but you know what like we're wrapping it up now so I like to go into

some quick shots as you see if you don't mind like the stuff you like on the market I don't like saying it's too much I won't go too too deep

but let's say if you were investing for what you call long term you say 18 months a year to 18 months so if you're looking at the market right now

what would you like well I like Sajikor because Sajikor just keeps with a year to 18 months. So if you're looking on the market right now, what would you like? Well, I like Sagicor because Sagicor just keeps with acquisitions and that's just pretty interesting. It's SJ on the market, Sagicor Jamaica.

What do you like about them? Acquisitions? The acquisitions are really helping the bottom line and the companies, other divisions like the banking and investments division are making more return based on the current economic

upturn so okay let me read that down what I mean by is oh go ahead so you have new investors so they're spending more in the market because even right the JSC is six months for the total cumulative trade in the market right now is equivalent to last year already. So the brokers are making more money. On that point, JSC is also making more money. On that point, I think in July, the JSC did $10 billion more.

I don't want to get those numbers wrong. No, it's not $10 billion. $10 billion more. Transaction. No, $10 billion more in terms of transaction worth. Yeah through the well i'm the one saying it so 10 billion dollars more went through this year than last year same time same july literally 10 billion more and that's and it's i think it's on top of like three billion or one billion or something like that yeah so it's a huge deal that the market has gotten bigger and more people have joined in so there's a whole thing so i get you you like sj which is sagicore

jamaica um because what other acquisitions have they done okay so they made acquisition for travel cash and another firm i can't remember the name of it but those two firms added to their bottom line and even the okay even agic i forgot about that advantage general ncb sold at the sagicore so that's a company that is going to be accounted for investment which should be accounted for five billion no it's actually a constant team of three investors so it was five point five five point five you know 50 million us which is about six billion j so that's sagicoreor. Even Wisinco, Wisinco is just this hidden child.

Is it really hidden at this point? No, no, no. It's not hidden anymore, but if you took advantage of the opportunities that were there, because Wisinco was around $11, $10 earlier this year. Yeah, but Wisinco earlier this year at $9. I got some units at $9,

I got some at $10, I got some at $11. But that's just it. You saw the reality of Wisinco is going to go that direction and that's the thing about it you must take care you must do your research and you must take early positions because it will pay off because look at it that was we think we're sending for 11 back in may and it's around 24 now in less than two months so the returns are there and this is all legal on top of that and that's that that's the thing about people i was like what follows on money I'm telling me that

what you prefer when I'm understanding that man can get little to no interest or do you prefer to take our opportunity I'll learn and increase your value of your money yeah the interest rate on a savings account last year was 0.64% per annum virgin wanna one the banks actually reached the interest rate as of this month because the BOJ reduced a particular rate I won't get into the complexities of it

but the banks have reduced their interest rates now from 0.64 there's not much more down to go the point is that you just don't have you have to start investing

you know and you can it can be as I preach it every week I keep preaching it you have to invest for where you are so if you don't you're not a nerd you're not into the heavy numbers

you don't know invest for the longer term longer term you want in more than a year people David is young same can call one year long term but invest more than a year and you can then say things like we sink up and you put your money just like oh you save you buy X amount if you say 50 grand every month you save 10 grand every month you say five grand every month you buy X amount if you save 50 grand every month if you save 10 grand every month you save 5 grand every month you buy 5 grand every single month

no matter what the price you just put the 5 grand in there I assure you that in 2 to 3 years you will have a lot more money than you have put in

and you have a lot more money than if you had put it in a savings account if that don't happen find me in 2 to 3 years and say Randy you were wrong and I will apologize

I told you so we get lost. We get that a lot. Yeah, yeah. In the other direction. Yeah, yeah. But even so, man, right now, so many things are happening. Like, at the end of this week, for those who don't know, if you don't have a burrito by the end of this week. So this week, just for clarity, is they're not hearing

this right now. They're going to be hearing it in a little while. So they'll probably be hearing it. They're hearing this Wednesday on. So this week, go ahead that in mind that that it is the week of earnings it's the week of of august the week that started sunday august 11th is the week that he's talking about so guys if you listen to this in november 2019 please don't say you heard this and then you were to buy it all right it's the of Sunday, August 11, 2019. Go ahead, David. I was saying that this is earnings week as well. So companies

and companies' deadlines. The deadline for companies to make their releases is this week, Wednesday. So if you know the company is going to get a better return, take your position from early for the companies you're interested in. I was also going to say that for Barita, for those who are interested in the rights issue, you have to make

your purchase by this week, Friday. I'm not sure specifically. Don't quote me on this. For those who want to participate in the renounceable rice issue. You can check my profile for the details about that, but I'm just making you know that things are coming up. Yeah, I think they have a little more time. I think they have up until the week after, to the 20th.

But that's a record date. It's the day before the 19th. So they have to buy it, which is on Tuesday. I think the exit is the day. No, but it's a record date. The thing about it, it's the day before the 19th. So they have to buy it, which is a Tuesday. So they still have the money. 17th is a Friday, Virgin. Yeah, 17th is a Friday. 17th is a Friday, yeah, but you said... 17th is a Saturday.

Well, it's two days. It's T2. Yeah. Okay, so T2, guys, means that it's transaction plus two. David, since you're doing such a good job, what does that mean? That means that the day of the trade plus two business days. So if you buy on the Thursday, you'll fall on the record date, which is the Monday. So the transaction would be the Thursday.

And then Friday would be the first business day. And then the Monday would be the second business day. Sorry about that noise, guys. That's our production studio here. Bam Studios reminds us that we have been talking for a very, very, very long time. Stop talking for a second or I'll edit this out Come on mousey Uh, hit the escape so you lose the full screen

Can I find the mouse over here? Oh wait there you go Control W Don't say the mute Control W G Control W Boom Man's a wizard control W the city mute control W G boom let's go so you're saying are they spending t plus two so whenever you buy a stock or she says a stock as well yes the time for it to be accepted to your account meaning for if you are to buy a

stock for it to be added to your account or if you're to say it's going to be subtracted from your account it's t plus two all right so today is tuesday did i buy go ahead so if you buy it on a tuesday by the thursday you should be still in your account okay so tuesday will be the trade day and then two business days would be wednesday and thursday and for those who are asking what is this this means basically when you buy or sell a stock there's a time between to make sure that if there are any errors or anything like that, it can be settled in between that period. It's kind of like a check. It's kind of like the time between when you write the check, you lodge it in your bank account. It's the time between you lodging it and it showing up in the bank account. And if it's a mistake, you can always, you know, contact a broker or the stock exchange to kind of correct it before it's the trade goes through so i won't put you on the on the spot too long i'll be fair and i'll put you

on this one i said i still like signals this week um this is beautiful yeah why you like signals well well well it's still my state right i want to be fair so i like signals this week still i think this is the signals in the mid 20s still what is it 25 right now but there's an arbitrage because what I mean by that signals to train around 12 us cents in the US index form so opportunity might exist right there sorry say that again I was saying that but also don't know since it's trading in both GM D and USD as a stock and the GM is around $25 right now GM Dd and the us dollar is at 12 cents but the thing is if you come right to ja that's well below that 25 cent you understand so it's the same it's

essentially the same stock just different denominations for the currency so why it's the same value you get for owning that stock it's just way less the price is just way less than the jamaican denomination And I think there's A potential opportunity there Because Even with Proven Proven's US and GME stock trade

Be relatively in sync And same goes for Sterling So Yeah but I think What Dana is saying Just to be clear I don't want people To say that they hear it wrongly

Proven's is different How Signos treats It's SCIJA And SCIJMD SCIUS SCIUSD Are very different are very different yeah very different

from proven US so what you're saying in terms of arbitrage arbitrage people is a fancy term that means buy cheap somewhere else and sell it more expensive

somewhere else it's what everybody knows but if you want an MBA you can pay 2 million to learn that again but the idea is that they buy cheap somewhere so

in this case you are saying that Cygnus US dollar shares are lower, right? Very low. Actually, lower than the EPS, I think. Or close. Not below, but close to the EPS. Much, much closer. EPS would be like 0.6 of a cent.

Earnings pressure is what EPS means. But 0.6 of a cent, 0.62, I think. And then, or maybe that's me saying my projection out loud oh wow i'm so sorry well be your contracts guys here i think your production is higher but yeah yeah but signals nonetheless i think the main point here guys is that signals is cheaper i don't know if buying signals the us share is any cheaper but you can go and do your research on that but i think the nice point is is key in that it's not the same way that both of them work how proven us dollar shares work and how cygnus us dollar shares work is not the same i can't know that you can sell the approving usa for the issue

so they're missing us it's quite different so we have four tickers for signals meanwhile yeah yeah and this conversion across the two aren't the same well when i do somebody there when i check jtrade up when you see sti ja it actually says sing signals yeah so even on the thing that you know j jammie stock exchange site the j trader pro no man yeah yeah you want a page forals of JA SCI JA It's a USD SCI US It's a JMD So it's Quite different

But We can do research Yeah Well You get it Yeah Well no So if

If there's arbitrage It's not necessarily trading It's just the fact that The same stock Because they are the same stock USD and JMD are the same. There's common shares of the company. Yeah, but you can't.

One is way less. We can't switch it over. We can't buy the USD and then sell it as the JMD. That doesn't happen. Wish you could, but you can't. I wish. Trust me, I wish.

I'll be buying that. We'll be doing some dangerous things right now because there's a lot of money to be made if you could do that. Oh, God. Yeah, yeah, yeah. Well, Dana, you you one of the people at peace anything you think is looking good this week i was i'm still looking at jam t i see traded down

this week but there's a lot more value with the qwb i change coming into the numbers so i think there's a lot of value still left on the table what's up with the mayberry analyst team i said the mayberry analyst team saying that they expect it to end the year their eps projection on it earnings pressure projection on it has it getting higher it says that they expect to make either smaller profit or a loss or something during the quarter when won't promise you i know what they're saying i don't i haven't spoken to him about that i said the same thing for blue power i think or i think blue power changed recently well yeah go ahead i can i can make differentiations for those two so for blue power for I think blue power change recently well yeah go ahead I can I can be a differentiation for those tools so for blue power but those who

aren't aware they are separating their lumber division from their soup division and that's going to be happening there the AGM this Wednesday so you can probably find out more when the information is released but as it relates to Jamaica T's QWI that QWI is composed of different companies. At the AGM, they mentioned that Barita is one of them. So that could be part of their unrealized gains. But the prospect should be coming soon based on how the regulators deal with everything.

Yeah, man. So I'm still looking at Jam Tea. Definitely Signals, but Randy already spoke on that. Yeah, yeah. Signals is Randy already spoke on that Yeah yeah Signals is a good thing still And people bothering me Don't ask me what price I think Or where it is good

I'm saying this Don't ask the price Guys come on I cannot It's actually illegal for me To give certain type of information There we go I can't give advice in that way

For all of us Unless we're less advisors And even if we're less advisors It'll be to specific clients We have an agreement with already there you go plus from on my sake i just can't bother with the headache yeah i can't bother the head and people that think i'm an advisor for mabry no i'm not yeah again you can call me and get an advisor it won't be me yeah i'm not an advisor big up maybe but i don't know what analysis

that they have going for jam t um i assume i'm right on this one i know they changed one recently but they seem to be saying that they expect it to be lower i mean they changed empty because qw was obvious but if you change empty then blue power must be obvious because it's the same thing yes yeah basically yeah it's the same thing he asked david earlier if he sees any plays like maybe mje and mil oh yeah he didn't answer that but I was saying Blue Poison obviously isn't it obviously just the same thing that will happen

with MJE apparently it's going to be you it's just that we don't know the full details per se are you guys

how I said that what is the details to know no no no the thing is that we don't know if they're going to list that component

think about that for a second why would they give me a private company yeah why would they go through all this just to give me a

I can't they should be listing it alright so hold on why would you go through all this just to... Give me a... I can't. No, no, no. They should be listing it. All right, so hold on. Why would you say that you don't know if they're going to list it? Think about it. The reason I don't want to say that I'm going to list it is because I don't want to say something and something doesn't turn out the same way. I understand that, but life is fine.

It's perfectly okay to say we got it wrong. I am 100% okay saying I got something wrong. I get things wrong all the time. But everybody I talk to how that same reaction that's like somebody saying yo he broke through the window took out the knife stood up over the bed but I don't know if he's going to stab me but why would you wait how do you wait to find out they're there did they did they've listed it they've said clear they're going to increase your holder value yeah moving the company out to its own subcompany.

And they're going to compensate investors. Well, they have to. They have to legally. How else would they increase shareholder value? It's true. Because they listed. Yeah. And the guys that are behind it, the main shareholders, the last time they did something like this, they listed.

Why would they not list it? True. And no company trades at its book value except for, well, tell us, David. Probably Kings and Properties Probably Kings and Properties. Kings and Properties, yeah. And it's recently gone up because Jamaica's market has gotten crazy. And MJE, I think, Mayberry,

MIL, trades below its book value. I always wonder why they don't take it off the market. I guess maybe one day if they ever have anybody on it. On this podcast, we'll ask them if they ever have Chris Berry on it. So thank you guys let me just wrap it up

for this week this was me Randy at RTU on Twitter and Danai oh god at H underscore Dan H Dan underscore Dada

and David Rose JC Night 2 JC K N I G H T 2 yeah there we go and David was our guest this week so guys I hope you enjoyed it JC92 JC K N I G H T 2 yeah there we go

and David was our guest this week so guys I hope you enjoyed it keep the feedback coming but I know you should be seeing this in it's own feed this is the the podcast that you should be listening to

if you're serious about financing Jamaica if you just want to make some money or if you want to hear some nerds talk instead of hearing everybody else talk big up again

BAM the BAM the BAM production studios and the do we say this the Jamaica podcast network yes hearing everybody else talk. Big up, again, BAM, the BAM Production Studios. And do we say this, the Jamaica Podcast Network? Yes. Of which we have a nice association so far. So thank you guys.

I always thank you. The feedback come in. And this was it. This was Earnings Season. Thank you.