Earnings Season - Limitless Bricks - Part 3 (Stocks Talk!)

Episode Date: July 21, 2023

Randy and Danhai join Thaon and Matthew from The Limitless Podcast for the final part of their conversation on investing and the stock market. They really get into stocks and their picks for this part, so gems are inevitable. Check out the Limitless Podcast if you haven't before and tell us how you like this episode.Come for the gems💎, get Limitless Bricks included🧱.Enjoy.Contact Us Here📧Mail - [e-mail] us on Twitter here 📱 www.twitter.com/Earnings_SeasonRandy - @RTRoweDanhai - @HDanhai🔗Links🔗MyMoneyJA - Use code LIMITLESS and get 5% off the your Premium SubscriptionLimitless Podcast - https://twitter.com/limitless_podThe GRWR Investment Workshop - https://www.everymickle.com/store(Enter EARNINGBRICKS at checkout for a 10% discount)EveryMickle Stock Calendar - www.everymickle.com/calendarDanhai's Advisory Session (Automatic 5% Discount Included) - https://bit.ly/ES2YREF🔊Shout Outs🔊@FantasticFour ★ Support this podcast ★

so if you guys want we can look at the market i mean that's a market mix if you want i don't know how you time set up well i know i'm supposed to eat this is this food thing today yeah that kingston kitchen thing i just need to text you to ask her i don't know yeah it's just it starts already it's starting like kingston kitchen so i think it starts but people start going like at about yeah i mean eight people seven eight nine yeah yeah so let me just if we can even do like a half an hour or something i don't want to get you in trouble you know bro trust me If we can even do like a half an hour or something. No, we should. I don't want to get you in trouble, you know.

Bro, trust me. I'm good. I'm good. I'm good. Let me look and see what time it ends. It's going to be a problem. Don't worry. No, it's definitely.

Yeah. Four to 11. I already got the page, you know. I already got the page. You get page already? Yeah, man. I get page. All right.

Give me one second. I'm going to try to work on it. Give me Yeah, man. I get Paige. Alright, give me one second. Give me like two minutes. I know when I work myself to the bone, it's like burnout is real for me. You can't get me to do anything. The hard part I think we probably have a problem with is when we get burnt out, we don't stop. So we're trying to recover.

Yeah. And it takes its toll. Yeah, exactly. So I've heavily tried to focus now on how not to burn out. So the systems I've set in place are so that I don't burn out. If I burn out, I'm dropping everything. That's just how I am. I have to drop everything. And until I get back to baseline nothing will get done and i can't afford

that right now so that's probably we can't afford this yeah and the burnout is everything because burnouts are very very real thing but so many things i do i can't stop i know you're running thing. So many things I do, I can't stop. Running My Money J, I can't stop. I can't stop. The subscriber group... We're talking about it for ourselves.

A listed CEO cannot stop. He has to be on the level of, okay, I need to not burnout. he's not curious of i can run out and take a break and come back i just make sure i don't get burnt out are you burnt out and because burnout don't feel like burnout it's a weird thing but let's not go down that road but it's uh you could have entire episode on that because i'm pretty sure i'm burnt

out but i just can't i can't stop just yet there's things you can't even admit it to yourself sometimes like you really can't a long time it took a while for me like i think i still am burning to a good degree which means i guess i'm burnt out but again i know it's just i'm operating at a lower level where okay cool i'm doing less sort of but then it feels like that is making it slower to get back to where i need to be so true yeah that's why i love habitical because my dailies are set now where i don't feel as pressured to do the things that i used to so i used to read for half an hour a day now i cut it to 15 minutes right there are a lot of little things that i used to pressure myself to do every single day i've cut a lot of that my dailies are at least half probably more

than half so i don't pressure myself if i don't get this done but there's certain things that must get done so the other things that maybe i can get away with i just i put them as habits because they don't need i don't want that pressure on me right but yeah yeah I feel like I can do everything the same way I didn't stop Preston's not human so we can't really talk to him a literal machine but then you're more dope exactly

there's no stopping in some things yeah some things you can't stop yeah and I see like a lot of the benefit of a job job from that where you can drop it a lot of realizing like to grow my business is how i need to i have to set them up in a way where i i can't be responsible for everything and if I have, like you have to set the processes and people in a way that somebody can handle something and you can step away. I remember often saying that,

looking at it from the investing perspective, I look at a business that I can tell the difference between a business and somebody doing something, where I'd say to the CEO, yo, can you go to Italy? Or can you go to Spain or something for a month and your business not drop and if the answer to that is no then you don't have a proper set of business yeah and I look at that myself now and I'm thinking can I drop my business for a month can I drop it for two weeks I don't

think so not in that way so it became on my phone don't turn off i'm still advising clients when them come with them questions when something happened on the market i can't i can't turn off the market yeah exactly the thing you're talking about stepping away or just how you look at it and i think investing is that so we again we don't anything other businesses we're just buying piece of them exactly you never would know going into business you have to say all right how quick i can get to the feeling like that or that if i need real that's very real okay all right so you guys want to start stocks a little bit let's do it all right let's pull up this All right.

Pulling up MyMoneyJA. The stock section brought to you by MyMoneyJA.com. Right. Yeah. Wow. You guys can use code LIMITLESS for a discount. We will have the link in the description. You guys do.

What's the discount that they get? How much they get off? I think it's a permanent 5%. Once you use it every month you get five percent off with gold it's five percent it's a good time for us to talk to we're talking at the end of june 2023. all right so we're talking about so stocks stock stock stocks market is dead right dark yeah but yet when i look at my money ja i'm seeing a lot of stocks in green right now yeah so it's a good time for us to be having this conversation so i don't know if you want to tell people when we're talking we're talking literally at the halfway mark for the year yeah today is july 1 correct and if like you say you can use code limitless and link up on mymoneyja.com you get a five percent discount and a cool thing that you can do now on my money j is this let me

share my screen cool thing you can do on my money j a now is this thing where so we're talking at the halfway point for the year and so if you want to see how the market has been doing year to date you can just select the price history over here and have it ordered by whatever you want you can order it by ticker or p e ratio or market cap or the volume on the last day traded or whatever so did by advances and these this is how the market has looked up to this point in the year these are the stocks that have gone up the ones that are flat including preference shares and the stocks that are don't so there are more stocks down and up i think i checked it the other night it was uh i don't know if you guys check that do you guys check that no actually that's pretty cool you guys recently added this or you always had this

uh it would be a recent addition so 58 stocks ended the half year point higher than they they ended the had ahead and the start of the year from a low of Epley's preference shares that are 0.1% up to a high of JPS's preference shares. It ended the first six months of the year 10,473% up. This is the year of the preference share. How many questions do you guys get about those preference shares? Like, what's happening with JPS7? You know, I've only

yeah I think I've gotten one but it wasn't that question it was just somebody talking about it so yeah look at this this went parabolic yeah a USD stock I don't know what's happening

with the JPS7 I'm impressed at the usd stock trans jamaica usd is the the first ordinary share that's up 94.9 percent a year to date a main event the third one 83 a year to date that is is impressive. Junior Mass, it's stuck there. And then Trans-Jamaica again, the Jamaican dollar version at 76. It's a hell of a grouping of the six. Cabro, because

70%, the small, quiet, I hope people don't know about it, it's stuck. What is dead may never die, Siboney. Oh, wow. Sib siboney the vindicated simone the vindicated it's funny the last episode we put out um i wanted to talk about siboney and we just both laughed it up if you get it right too early people don't know you get it right yeah why did you laugh it off like you laughed off as nothing possible or like it was just like a joke like because we were

talking about companies with good reports um and at the time yeah so i was just like i don't know what you want to he said talk about something we haven't spoken about really on the podcast. And I just jokingly said Siboney. Even though we have spoken about Siboney on the podcast and several times actually. There's last

year I made... I was telling them... I was saying on the podcast I made 109% off of a Siboney play. Yeah, for you and him both. I said the reasons why and everything. That don't matter. That is true.

When we tell the reasons why, we tell what we expect. I remember we had a crazy theory a couple of years ago. We had a crazy theory that it's a dead company, obviously. a couple of years ago, we had a crazy theory that it's a dead company, obviously. But eventually somebody is going to buy it. And then when somebody buys it and the news of them buying it comes out, there is going to be a heavy reaction in the market. And while it's a dead company, it's not the sort of thing I would put my money into if I'm thinking pension or anything like that.

It's also nominally so cheap that you can put throwaway money in there um you can leave it you can leave you can if you can put 100 grand down and go i can forget this 100 grand yeah and leave it there when it was at 10 cents or 20 cents or 30 cents the day it gets bought out um you would have a wonderful day and if it it doesn't, well, if you pretended that you lost 100 grand, you'd have been the same thing, right? Because it is a dead company. It had no operations. Still has no operations. Blah, blah, blah. That was our crazy theory

years ago. Years ago. And then they said they wanted it. And then they started talking about being bought out. Exactly. That's why I bought it. Yeah. It's because they said it. They were talking about it and i was just like if somebody's gonna buy this let me buy this first you know so eventually yeah yeah eventually right and then so said so done so said so done yeah

so the the latest news report came out July 29. I guess we'll link it. June, sorry. June 29, 2023. I guess we'll link it in the description. But yeah, 72% majority shares have been sold.

FinSec Limited, the government stake, has been actually sold. Zoom in on it, Randy. Not sold. Is it sold? No, it said sold and then it was restated very quickly. Yeah. So, yeah.

The agreement was completed. Which is in itself a dot. Yes. If you understand connecting the dots sorry so like my motion thing just went off telling me you know it's a good time to meditate oh yeah it went up earlier too and i clicked it off so i think it just up it went up earlier so I clicked it off so I think it just it just redid it but yeah very interesting stuff and I think maybe

at the end of the year who knows what this will look like at the end of the year exactly Siboney yeah that was

quite the end to the half year at least for me and I think Danai we're we've been waiting years for this moment quite the end to the half year, at least for me. And I think that I were... We've been waiting years for this moment.

We've been waiting years. And you can see the market also reacted. This has been a conversation of ours before we're talking so heavily publicly. Before we even have a podcast. Yeah. Yeah. There will very likely be a day

when this is bought because here we are now. Right. Vindicated. Anyway, so that was the exciting stuff. But what are you guys excited about? What's your most exciting hold recently?

You can go ahead, Preston'd say signos we were i guess we kind of touched on it a bit recently that you can probably pull it up i think it was last week friday if you notice with signos before it was quite there was there wasn't much trading going on but last week friday there was some heavy um trading volumes going on and i think there was also another day there are also some very heavy buys and if you go back to signals and what they've spoken about basically five years ago some before they listed in their prospectus they laid out that they wanted to do a share buyback they changed it um to i guess an open market repurchase and they had given you still a buyback yeah it's still a buyback they changed it um to i guess an open market repurchase and they had given

you still a buyback yeah it's still a buyback yeah and they um they gave some i guess timelines that they said oh the initial one was the self-tender offer that they're initially putting out or what it they seem like a self-tender offer they were saying that it would start I think by their anniversary date which which day was that it's like mid-June is it 16 June 16 or something like that June 18th the fifth anniversary date of the yeah the listing anniversary date of their listing date you'd have known that date would have known about this program. We've known about this literally more than five years ago. Yeah. And so, like, if you've listened to any of our episodes, we've joked about Cygnus so much.

We've called this date, the rise, this rise. We've called this rise five years out with this level of precision. It's crazy. And another vindication stuck from me. I'm surprised that you guys mentioned this. I didn't tell them to mention it. five years out with this level of precision is um it's crazy and i i not have indication stock from me i'm surprised that you guys mentioned this i didn't tell them to mention it but not of indication stock for me because i bought it like just a few weeks before literally again because it's like oh my my i have a calendar yeah a little a calendar with my reminders in there a calendar that we share in the grow a group and oh signal's time though the buyback date is close yeah um five years and so yeah so I I sold actually did

something that I don't often do which is I bought it a couple weeks ago and I immediately put the in the same time yeah you were one of those walls. I know I got the alert on MyMoneyJA. I got the alert that it hit the breaker and I saw the price it hit the breaker at and I was like, well, if it hit the breaker, then my order is gone.

Yeah. Love that. This was a revenge one for me like after all these years go back and get my money get my profit back yeah yeah because in the past in the past um i lost money off of sickness and so yeah than anybody else. Trust me. Signos beat me bad. I don't know if it's more than anybody else.

There are people who have toughed it out. No, more than anybody else knows. I said like, keep talking about man. But yeah, I was heavy in Signos going into 2020. I think it's worth our time. Otherwise, I just wouldn't have said this year. Yeah, I remember you said that yeah

all the way down so hold on you said that you said that you said that you you enjoyed it Preston but like is your play done or still in it

no I'm still in it i'm still in it oh word so you're going for that bigger play so i guess we will see um when is it we said we worked it out so if they actually did if it was actually signus doing the share repurchase um and if you count the days so that was last week friday which was the 23rd it would be monday july 3rd that they should um give an answer and i guess as much as you should still do a i guess a grain of salt so for example if i didn't see it july 3rd because i know how jse is sometimes and that even people send in a notice and then it just doesn't get posted until sometimes a day or two after I think that would be something to look out for

because if you look at the rules on what they have to say with the when they do the share repurchase there's going to be certain things that they're going to outline pretty clearly like if you look at for example first rock um first rock for example in each of the notice they have to tell you how many shares they're willing to buy up to how the division is going to be between jmd and usd um the price they're buying the shares at and a lot of stuff like that so um i still think it has more legs to go but I guess time will tell time will tell time is the master time is the master

you saw him call it a league he's coming with the real talk bro no I'm talking talk man you know what I'm talking about it was the worst that could happen it was the worst you had on bad mind I don't think they came back what are'm going to sell and factory yeah he's in it what's that very on carob cement

yeah but I don't think that I'm not for signals um Ignus, I don't know, I feel like for Cygnus, if they bought, I think that in itself is a hell of a dot and that is a play. That is a hell of a play holding, holding it through. Now me,

obviously, I mean, I got out, I took my early profit just because I revenge profit from the spike. The price you sold that? But,

14, I want to say something like 1470 so i didn't get i didn't touch 15 like 1470 on the day on this day the first day the first day yeah man the first day of the big body 1470 the apo price the for the disclosure yeah no i think or 14 before i may have sold that yeah i think there's the discounted price you're talking about. It was like 1460 or 1470. I think it was 1470 and 1630. I think it was 1475. 1630, yeah, yeah, 1630.

Yeah, I think it's 1430 for the normal people. I think it's 1470. 1470, yeah. 1470. Is that why you did it? I'm petty. Is that why you did it? I'm petty.

I'm petty, but also I know what I'm doing. Pettiness aside, it's a wonderful pettiness where it also has sense behind it. A crap load of people got shares at 1470 and this that we're looking at now is as you can see, it is from

How many years ago? It's from late 2020. So there are people who have been sitting in this stock.

Let's go. Well, I don't think they got the two years, six months. They got it early January. Yeah, there are people who have been sitting in this stock from then till now. Exactly. Two years and six months.

And they are frustrated. How many of those people are like yo as it hit 14 70 as aka my break even i'm gonna come out go i'm gone right in other words i know that there's very likely to be a deluge of people trying to get out at that price and i'm not trying to fight that um and as i say i set and forget price that i did i set literally set it and forget it until the alert went off so that's actually why i didn't want to um i didn't want to fight against the people who got the millions of units in the apo i didn't need to because thanks to the market i was able to get it from much cheaper before. That's actually why, but there's some...

16.37 was the peak. 16.37? Imagine you're holding back then from $26. Yeah, I had bought in the APO and had to sell. Yeah, same. Thoughts and prayers

same but i i was discounted and i i think i saw a lot of profit or just break even yeah same so so you didn't go back in for like revenge profit? No, I was still pretty... I don't know. I was in other plays too at the time. Yeah, you know, I'm in pretty decent profit. So I can't really complain. And I was expecting some more too.

So, you know, yeah. Because currently I'm... I don't know if you came to... You had, I think, a chill session at Summit. And we were talking and you asked me about a stock I liked. And I said on the mic, RPL. And I was giving my reasons why and so on. And at that time, I was actually just, I was buying.

I don't want to say it on the mic because I don't like to say when I'm buying a stock. Right? Because I feel like if I say it too publicly. These guys have no fear. No, but like, you know, if it gets, I don't mind saying it on the mic, like at a closed setting like that. But like, it's just, if you say it too publicly, I don't, I don't know. I don't know. I don't think I have a big voice or so on.

But I'm still skeptical about people buying up the stock. Cause it was so, the float is so small and so on. Like it could only take a couple of people. You know, but at the time I was, I was still buying and already had some. So I said,

you know, let me just talk about RPL. Cause a lot of people are talking, you're asking everybody in the room about which stocks they like. So I'm just like, I was going to say RPL. i was buying at um 180s i think my average price when i was talking to you around that time and even afterwards was 190 and right now my average price is 209 i believe he bought more Imagine. I had to buy a lot more.

Other people are afraid of that. Buying beyond their initial average price. Even now, I'm hunting capital. It's dangerous. It's dangerous, but I mean if you know the goal, right?

Exactly. If you're going to go there, then you're only prof, right? Exactly. You're really being a big go-ahead. Exactly. You're paying to go there, then you're all the profit in the name of these years. So, buying is believing. Buying is believing. So, you're up 33%, already almost 34%.

I'd say a little bit more because I sold a little bit at $291. At $291. Put At a $2.91. Eat and go. What did you buy back in with it? My order's in the queue. Let's just say that. You know what's funny? That thing that

sell and buy back thing, a lot of people, it's easy to say, very few people do it. Very few people actually do it. And even fewer people do it yeah very few people actually do it and very few and even fewer people do it deliberately even fewer people go this thing that i'm in is going to fall i'm gonna sell no and when it falls i'm gonna buy in people i can often tell them people aren't actually doing but they're talking

about it when they say i want to sell no and buy at the bottom right just like we're talking about sell at the peak anybody here talking about that don't really know what i'm talking about how you know it's the peak how do you know it's the bottom yeah exactly precisely you're only going on till after exactly so you don't really know and so i know that because i know that people actually do it they know that they don't know if it's a peak yeah so i'm gone yeah or they sell in stages or they buy in stages i don't know if it's a bottom i buy it so i buy and if you drop again tomorrow i buy more that's actually a thing that you can tell somebody's doing for real that's a real move that's a premier league i invest in move if you're really trying to buy at the bottom you don't know

if it's the bottom so you have like a call like giving you some pro moves here let's say i'm looking at actual rpl i'd probably have my alert set for like 260 so once it falls below 260 i'm getting an alert immediately you need to cut it or maybe an alert and a buy order. And I don't know if 260 is the bottom. So a week later, it's now down to 245. I'm buying more. So that means that my 260 buy order was not all of my money because I wouldn't have put all, even if I sold it, all of the money that I sold it for, I'm probably not putting all that money in as my buy order. Because I don't know if it's a bottom.

So maybe I use half. And then a week later, two weeks later, oh, it's down to 242. 245, I'm happy. I'm buying again at 245. And I don't know if 245 is the bottom, right? And then it goes 246. Oh, maybe it's upward swing. swing oh it falls again to 242 maybe i have money elsewhere and i'm thinking let me come in at 242 that's the real buy at the bottom you don't know if it's a bottom so you tend to buy in tranches

on the way down and you don't know that you bought at the bottom until you get it there just like you don't know you sold at a peak until after the peak has passed um and that's the difference between people who are actually investing and not talking about versus just saying it a lot of people just say it but i can tell i can see your order isn't already so you're going off our plan the order is just there yeah i know i'm good at buying i'm good at buying that so i'm going for it because i know where i expect people to go yeah and there's been some talk in the market and so on about some IPO coming. I've heard so many people say it.

And I've seen stocks tumble recently. There are a lot of stocks that fell that look like really good opportunities right now. Like Preston, you were talking about dollar. And I saw dollar go close to, what was it? What was the lowest you saw dollar at? $2.20, I think. Or $2.00. It's just very low. dollar go close to what was it what was the lowest you saw a dollar at um two dollars or two dollars that is just very low yeah definitely but opportunity right opportunity so there's so many stocks tumbling i'm just like what do i grab on to like it it's it's so hard to navigate sometimes which one looks more of an opportunity i don't know

ah but seven is a low for the two that's crazy i cried i cried that's crazy look at that you think he's going back up i'm just talking about the timeline of the year here. Do you think it's ending the year higher?