Earnings Season - Market Talk with R and D (April 2021)

Episode Date: April 25, 2021

Randy and Danhai have a talk about the current stock market's year-to-date state as of early April 2021. It started as a Twitter Spaces convo, and ended as an episode.There's listener's Q+A and a whole lot of current stock talk in this one 😅💎.Listen, enjoy and share!📲Contact📲📧Mail - [e-mail]🐥Twitter🐥 Earnings Season - https://www.twitter.com/Earnings_SeasonRandy - https://www.twitter.com/RTRoweDanhai - https://www.twitter.com/HDanhai📷Instagram📷https://www.instagram.com/Earnings.Season/💻Website💻https://www.earningsseasonpodcast.com/54Stocks Mentioned: JP, FESCO, CCC, INDIES, NCBFG, JBG and NUFF NUFF MORE.Data Provider: https://www.mymoneyja.com ★ Support this podcast ★

I already see you guys over. Hi everybody, I'm here from the Learning Season podcast. It was a really quick heads up of what this episode was. It was initially a conversation between Denan and I, and I was supposed to happen on Twitter Spaces. I didn't record for whatever reason. Twitter Spaces was just crashing a lot of time so we did it on YouTube.

I don't know, I might do that thought I found what a lot more in the future if you guys like it. So it was at its top's put up as an episode. It's a good conversation. It happened a week ago and I think the stuff mentioned in there are a lot of them really bad for right now, right now being the end of April 2021. So let's do it. Enjoy it if you like. If you are a girl, subscribe or girl-guide-subscribe.

I know you've heard this one already because you guys get early access to content like this so very little sooner or then repeating it might be good for you if you're not a girl grad subscriber you want to know what it is check it out check out my class the grow investment class if you want to get into stocks understanding some of what I do and my more methods of investing so there's a quick heads up for you enjoy the episode it's a good one and look up for more to come right so like, subscribe, comment, all that good YouTube stuff. If you're listening to this, all that good podcasts, as if you were a reviewer and uploader, if you're listening to the Apple Podcast,

because the thumbs are probably whatever else in your ass. But yeah, enjoy the episode and talk to you soon. Well, if you're new, better at tripping. It's a pandemic, we can't get to it, I want anything. I can get to it, I want anything. I'm not surprised it's really serious first. Probably got the notice. All right, I'll get this jump right back into the conversation.

Yeah, big oak field. Big oak field every time. It's a brand of months in India. Right? You've had a few seconds. So, I was thinking about what we were talking about. Just a few of us talked to me earlier about... Guys, man. No know a few of us talked to me earlier about guys about no feelings talking about Carcinz, talking about JP. Yeah JP's JP's are an interesting one. Yeah especially with these people. You said that before, you know. Yeah right that that that that's I mean everything interesting so you know that's already.

You're right, that's everything interesting. So you know that already. Oh, what? Yeah. Interesting don't mean anything necessarily. Favorite finance. People don't take it that way. Exactly. That's going to say. What do you mean?

You know, interesting thing. There's a very different scene. Is it actually interesting? And I mean comment interested because that thing is a point of interest. That's true. That's true. That's true. That's true. Oh yeah. Yeah, it's interesting. It's not about or about the some confirm from somebody had it in mind before. I don't know who to look for out. But this will be negative by the company. It doesn't be negative. Make any action on the company. No, no.

That's correct. And for me just because just because because the term gets used so much it's like an inside joint. Yeah actually it's not way for music. I'm not sure anything by saying anything. That's true. Thank you for the conversation, Anders. I mean, yeah, that's true. No, there's a real thing. But say it. Indeed. Well, I mean, you can go back to CREP cement.

I mean, they're nice. I say, hold it. Look, hold it. Looking these days. They're looking like. They never need to start giving the owner something more than just actually giving the owner's owner something not just ones with the owner right? Right, that's true. And of course you get the preceding even before you get anything.

They would have to do something to deliverance and you get the preceding cappings earlier because of their reason. I'm saying that we're looking over the last year today. As we talk, we keep this conversation today or tonight in the realm of the year today. Year today. What are the year to date? Eight dollars, 17. Oh, what's that again? Oh, what's in the actual, what reading methods? Yeah.

So yeah, 16% here today. Word. It's like a year or so in places. 16, 16 and a half, yeah. I mean, that's like what? Ten years worth of dividends? That's funny. Yeah.

That's why we're talking about how's the pay dividends in over 10 years. We got 10% of dividends from them since a year or so. Yeah, but that's that 10 year money play, right? Because... We've got to have a lot of money. Indy. Yeah. Or if you come through the...

This is 10 years of dividends, what? Anybody? There's no money, there's no money, that makes sense. You get 10 years of dividends. No more money, which money is put in from it. They don't buy out, they don't money buy out that make incense for you get tenure that even in no much money You put in for me that is four months three months So that's true. That's true All right, I think they're they're looking nice

I know the giants I think they're looking nice. Mm-hmm. And you know, the giants. Yeah, the giants. The companies. People, certain level of money we like to buy, certain level of money we'll go into that and be safe. They won't have the, why do they market companies?

They have those that crowd burning away from. So, always the windows, when those type of companies do it, so. That's true. That's true. And it's especially good when those type of companies do it so? That's true. That's true. It's especially good because of what it means for like, it's like it's a giant. But we can talk more about the giants

and that's a lot of sort of a total spoke about the giants, the rise of the giants. It's like a giant like an NCD gen, meaning it's in a lot of range shunts. It's in a lot of unit trust. Right. It's when the met anews with the, oh, the market rate, because it was, I think the market way more than half of the company.

So you have the market news our own that's all currently moving in. The market is not going to affect from that. That's what goes in the rally. You hear, oh, the market move by X percent of our number, based on the current. That is 100% true. And you'll see, well, I mean, we have some, I don't want to say derivatives,

but we do kind of, right? Because what percentage of select that is this caribson then? Like, M. M, M. Yeah, what percentage of select N is caribson and that's what what what presents you and this caribson caribson caribson caribson caribson

caribson caribson caribson caribson caribson caribson caribson caribson

caribson caribson caribson caribson caribson caribson caribson caribson caribson Which I still have a couple of times. Very easy. Yeah, kids is a big dog there, but it's not that big dog in the scene of NCBs, a big dog, a girl else. So it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, cement story, it looks like Jamaica cement industry is ramping up while Trinidad is ramping down.

That's good. We have all our ship structure of Charisman is certain things that happen that will go in favor of Charisman. Yeah. That's right. It exports. Yeah. True. True, yeah, true true true true true true. And which is not it's not that the training that my key will necessarily will certain aspects of the my key

necessarily. Those these up here because we do import to a carism and those imports for finished product and then thing. So the imports finished product for not so heavily, but that's not happening right only for their importing inputs to put in today. I think they'll use that make it clean cop. So if it's created a training that has a good operation on daily mech and this work on a ton of scale. Mm. And as a key pair, you know, construction moving for are lower again.

Where in Trilidad are here. Demi coming down. I came because boom. There was no. Yeah, well it's. It's news again. That's true. There is no new point of commenting on it's actually a reason. So because I can 20 18,

30 19, take a 19 probably. We were talking about what the construction boom isn't going to do because I can 2018, 2019, 2019, probably. We were talking about, the construction boom isn't going to do to be the place where, at that time, wasn't going to be the place where you get new carismate revenue from because, boom, was booming.

So, it's not that, oh, yo, but if every port this, carismate a little bit up, but not carismate reports, but like, I know these reports and new letters, those people are commenting on the construction boom Every port is a charismatic little bit of, but not charismatic reports, but like, I always reports and you like it, those people are commenting on the construction boom as a boy charismatic,

I lose this next quarter because construction boom. It's like, I wanna comment. As a white charismatic, a little bit do better. But I think the things that I make it do better, they'll make it do better, no, are the things that I mean, those are the people who wrote or not. First, they had the thing there to kill,

the least agreement on that was another than the word that you structure. They actually own it now and the payments for that, they finally come in half of the books, certain ways, the pay-on-the-loan, basically, they're each structured so I think to Jamaica, and so basically the things that actually, basically I was cost, the internationalized cost,

I made them more effective for the bottom line and we see them know, even more and more. And that kind of thing will be dividend keep mentioning. So they say dividends at this, at a certain point, saying the shareholder's not dividend does cannot seem unsensical to the audience. cannot seem unsensical to be honest.

The funny thing is, the thing that I really like about Amituk's exciting is that shift in what's happening. It's pretty much, I talk about the like, it's a shift between Trinidad and Jami, because many ways it is. It's the same owner. So the owner is revamping. And I think it's for who it's on the last episode. I didn't say something that we haven't told yet, but it, I see that's the real organization of a multinational.

Right? It's funny to me cause it mirrors the gimmick of our conversation. Yo, it's like we're in the same room. I mean, I mean, I mean, I mean, it's it. I would say there is it. Say what we are. I tell you the point that I had. Oh, because we're, or theorizing and rambling.

We're talking about whole German brothers as if have operations in US. So if there was a shift in the market, then based on the import laws and what they were, they were carries on out of that. They can just restructure where they actually were home bases. Get the manufacturer in there and then send it back home. Did we say that on the episode?

You know what I said, we said it could be happening, we're not saying it's exactly. I remember it. I don't remember it. Oh, really? I don't know. I don't know.

I don't know. I'm just a little finished product. Sorry, what that? We need to mention it during the talk. Somebody can comment on those if we need. I don't know, I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know.

I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know.

I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. investment is owned by a trillion of their persons who is owned by the Mexicans, but because of all type operations and my market is shifting

and I can just easily switch our own whole I get my finished product to the market. They can just make cars meant to the manufacturing I can't add into that area but that's an incline car and whatever, but they can just get carcasses meant to just ship them the thing that if it works or cheap or for them then the actual production. So here's the thing that here's all everything that made me well another that made me think of the JBG

situation is that there's rumors in training that under this room was intended at. I know if it's room was or if it's or if it's it's a specific thing. I should find the exact article, but pretty much that they are going they're going to be government types. Changing in Trinidad, I know import it cement. And generally, Tyres are done to protect most times a local industry, right? So like in Jamaica, really really high tariffs on imported chicken. Because everywhere else in the world chicken is kind of cheap. Yeah, so in America, and Lincoln the points there, America, you can send four million units of chicken.

I don't know what I was about. You can say that's like a running era of a company, right? But you might be like, like two or three months worth of a product change that make that. Yeah, and so you have a tire if you implement a tire that keeps the big guys old time to kind of protect the local market. And if you know that tires that are going to shift, it is not a very good time to be a manufacturer.

Of the product that the tire is going to shift on, right? In simple language, for what you mean, if the tax thing that is protecting you by keeping everybody, making it too expensive, everybody who is not in the market already, if that tax is dropped, then your money might be in trouble because then people can ship in things like whatever else, right? Yeah. No, if you own both things, if you own the big guys outside the country and the small guy in the country, and this country is about to have it, then it's a great time to shift away from time.

Because you're going to lose anyway. So if everybody is out of the importing, then you need to become an importing company. Or in FMCG, where the fast-moving consumer product, you become a carrier's column self-dustin thing. I'm marketing at distributor. I'm marketing at distribution company. So think about that. Think about the fact that let me tag together,

everybody thought we're in a weird tangent. Think about the fact that let me talk to get everybody thought we're in a weird tangent. Think about the fact that the cement company hasn't paid dividends in maybe 12 or 15 years, low-scarceling. And it's because in certain ways, the market was not very conducive to them being what they are, right? The manufacturer of what the market was kind of rough on them. No things are changing. There you do. No way of the boom happening. Things are doing

well, they have paid off that killed five things that have paid for that for it. Trinidad's market looks like the kind of market if I'm a see if I'm reading this right. It's a court ruling, right? That will the production is tired. That the guy was saying is not that I think somebody somebody in their market was, was a court ruling on it, because they went to court about something

because there is some tire of there that the person, not a person person, but a company multiple. And they were saying that they don't believe it's constitutional or something and they got a ruling to get rid of it or something like that. But there are some there. I need to find Some mobile rock hard cement. Yes, I believe that's it. That's their competitor intruded at Yeah, I think there's a good note of business. Let me let me

Let me see if there is any since you're on root. It's around the earth. They're referencing it around No, maybe maybe maybe not who knows in the aromatics? No, maybe, maybe, maybe not. Who knows? Our rock heart cement in February 20th, by the way, everybody watching this, you get to see what happens behind the scenes, the late birding season episode. So sometimes we chuckle at the research, sometimes we don't. Maybe today we won't. Who knows? In fact, maybe I could share with everybody. Let me see if that's something that I can, there's something I can't, really, that's something that I want to do. I'm scary. I thought share it just find it a bit.

I hope people can see this. Actually, I think it was this article. So, Rob Hyatt cement is Trinidad cement living in the competitive side of the leaf. Well, I will put it separately. Well, I don't think I should. Yes. Okay, so I had completely flipped because there's going to be, well, maybe I don't actually just hold you do it. Rock high cement, I believe, is that is, well, local import, let me translate to a local import in Trinidad, right?

right? There's going to be a 50% hike in import unities. Not at its own, but at the surface of it, because you're putting more taxes than it is on both of anybody. But they don't make cement at all. It's really important. It's really important. Exactly. It's really important. Exactly. You look at this word. Exactly. No. Um. Trinity that cement limited, however, can make there and can also important

issues. And they can also raise prices along with everybody. I just showed no manufacturing. If manufacturing not making sense, we'd hold a generally economy there is going, right? Yeah. So if if everybody's if the general economy isn't necessarily but I'm not supporting a cement company why not switch things around start treating Trinidad and I call you the tree Jamaica. The switch because the management is not really not management or not the. Both are all on ship is all the Mexico.

So exactly what we consider the managers in Jamaica and Trinidad they consider country managers in the off-ranging Yeah. So, it's a situation I think where it made more sense to utilize the assets in Jamaica where it makes a lot more money for you. And you haven't paid a dividend in a long time. I think it's workable. That's in the last episode of a whole five that Mexico also hasn't paid a dividend a long time. I think this woke up about that in the last episode of a whole week. But that Mexico also hasn't paid a dividend a while. Symmax hasn't paid their share goals a dividend a while. Pretty corona too. But corona only made it kind of worse, right? So these guys definitely need some cash. Carried cement in Jamaica, but a lot can generate a lot of cash very quickly.

And Trinidad cement limited can also make a lot of profit if they have to take a price increase. So when actually only your manufacturing or don't size your manufacturing a little push Jamaica heavily. Jamaica then goes well, Jamaica can pay a great dividend which Trinidad's cement limited eats off and Symex eats off and Sy and it's a catch to put the pay their own dividend in US. US dollars and pay their dividend I think, all right? Yes it works well. I say I'll have to say that I think caribesiment got paid dividend and when they do pay that dividend

I suspect the market alternative. Wonderful. Receptives to it. The way I see it's practically, the way, I don't know, I usually refer to it as a bleed. There's another way for the owners to take money all to the company, all set up a thing, they're required to, again, all set up, yeah, most set up are dividends. So basically it's a one way thing for certain owners

to get money all to the company. So I got a thing there, they kill the one, they owned something and it was integral for the use for things, car accident operations and they needed to, to be fair, they had to use the owners every year. It was a big complaint about the world, the end of the day what happened was that they sold it to them, but then they financed the purchase of it. So no, at the end of the day while the encouragement does only heal the people that their owners are paid that certain amount of money. So they have this payback they pay back alone to them but owners they may not be able to kill from them so no, I instead of paid the management fee or at the

least no, it was payment in there. It does payment interest payments. And I didn't know that's also going down because they've been attacking that bit. And kind of as well for some people, I think there are a lot of wrong things in America from certain parties that are voted. I won't be one of them. Well, I've been complaining about that thing

that the FX link on their interest payments does from that thing coming onto the books. Oh, because it's, books. Oh because it's because it's been eliminated. So there's no so there I'm again usually where they did some restructuring more on what we did it's a rough Jamaican dollar payments but I wasn't so many boys saying boy I need to pay it out but to be honest how does it be it it's better if it's a more expensive new SOS so they're going to keep it away for others they're comfortable it's a tough thing at that point but they've done some restructuring and the more you look at it it's the more that build and even the scenes more inside

yeah and they of course you know the market will react to that Of course, because of the kind of computer Those one man I get money and then no Megatown is a me get peace to come on Yeah, and you know is a way for Trinidad cement to earn Without having to worry about selling selling things right. I mean the biggest almost so is that is that is at one time and it's so funny to me how they keep doing things like that they keep they keep pushing people on our own their group right which is what you do I mean I think I could have it wrong but I think they're the current head of carpsum in was taken from China that yeah or that they switched or something

like that so I mean why not I love that one That's that's carpsimint for me. You tell me one else and we're tangent to the carpsimint completely. You ever want to use that? I didn't know I don't like start one or like I lot of meet up. I'll be meeting all the same voices. I mean, if they're working, why not, right? Oh, definitely. For the same coffee point, right? That's probably funny.

Right. And look what happens if you don't call it, and it's not quite hard, because she. Yeah, that's very tough. Which way? It's very tough. It's not really hard. I agree, that of course not it is looking this on this dark Based on the number of people are driving behind it now, so the curve rich a long time

And so you know once a curve is there. I mean, you can't I brought a curve there, so The funny thing is the curve The curve is really the funny thing is the curve the curve isn't really oh that's it the curve is really when I hear the questions that I hear about yeah when I hear the questions that I hear about like the movement and whatever I know that the curve is really there is still just the thinking about the

I guess the news verse is what it actually means what I actually doing right like people say the bank move is no if even if you have even a base of the understanding you should have been meeting for the bank years for the last two years and then you should should have a surprise about why that line was added to the board. Even though, again, the middle of the state seems very like, I don't know. I don't know the guys. I don't know about any company. I don't have any street information from the mobility. This is all just external speculation from people.

No, no. Is it murderous there? Andrew, don't use that word in investment space. Oh, you mean, say we're speculating. Ah, we're not. We speculating. I'm not. We're not. Well, I say I'm speculating because I know what things get pulled when you mean them as they are. We're speculating if we're just not doing it lightly, we're doing it sensitively.

Um, let me, as I say, let me, well, I need to copy? Just find the, so yeah, this is the right topic. Just keep using that. I was going to choose one because I was very off. No more, I look at the more early added, we talk about these all the time anyway. Yeah, people have heard from us in so many ways. And they will say anything that's not new. So that's what we've got for men that's not new.

Talk about it. Express it. It's a long time period, man. But you see it like that. I was one of my first IPOs. I came into the market some time and then expressing an SOS or a listing. And for you know,

I went to have your in X. I went to have your in SOS but somehow I made over the year. it wasn't one time for me. I made more money from express. I made a killing in that year. First year, so I had a good mistakes and bad mistakes. But express catering, yeah. One of the core-runnery corporate people, I hear a couple of people talking both, it's ready to buy a bunch in not much, but that's something there's much to say

beyond, well, this one I think we spoke about it, you recently did not drink. I got already said. I don't know, I don't remember, well they hear it again because it's not really true. I think that, actually, this is, experts is so, in at least in my view, so close to the world in that things can change by the day it would express these days. These days are so, because we know we are just being able to visit those in our airports. People are passing through one by a fool. Pretty much. You know, what happened in your own, they have the fix up inside the airport. Did it, is that finished?

But there is a part that even started, they went into some restructuring of the Lionel space inside the airport. And they say, in a day, we basically bit up for their business. Because I want to traffic that we diverting that area. I mean, actually, I want to traffic that will be diverting that area. Actually, I'm not sure.

I'm not sure. I don't know. Okay. Okay. So, I'm sorry. I'm sorry. But yeah, that is the reason we see a lot more being changed in terms of how Corona has been treated by people,

by governments. So, and we see vaccination drive in Jamaica, we go to America and we do it today, we do this just this week, we do vaccination effort. And get it, and we do more vaccination and more, we do it in a way, we're changing towards both important and normal, then we just, we're like, this is more flights happening some other later. More flights have been happening even. So what is it, it's making some aspects.

So, you know, that's more money to think there. I think the pretty, that is more money to express it. Express is linked to the, that want to be that pass through the airport. Pretty much right? Yeah. The mobile airport. And that's the airport in Germany that has the most traffic. And it is impacted most by tourism.

No. Something funny about that, the tourism point. Well, it's a point from Tisad. I don't know who said it, but you know, you see that chart going around everybody showing how Americans are and how every country, all the countries that have COVID vaccines have shared some, except for America and England. Yeah.

Well, I actually saw that and I was fine, really. Meaning, meaning, I don't, I don't, I don't think I'm gonna cut. Yeah, the big country versus small country, they're basically taking out of vaccines themselves. Yeah, I think America literally has to keep an eye on the vaccine. Oh, yeah, but that was expected from before, especially with all their vaccinations,

if there was a bit of a past president, what he did in terms of, we give you some money and it was. It was paid for by the US taxpayer's money. Yeah, there needs to be an idea about an issue, it is the truth, it's actually kind of a unique economy, one of the best things that America does for us is sending people through our airports, it's sending tourists to it. So I want them to get vaccinated. I want them to be vaccinated fully and because you know Americans are, they're second to get vaccinated, you don't give a damn. And they were trying not to give a damn from before, so imagine no. Yeah, so it takes literally nothing to like you want Americans to feel like, okay, COVID is over because we need them to go around the world and stay there.

It is not easy. The thing is, as much as the idea we're complete with what we believe, there's not always our only thing. China is either we don't get tourism, on VIX or we get towards it on VIX. So, well, if you're going off to Tarenda, I mean, you know, VIX, no, I thought, right? Well, man, I'm very, I didn't know the chat. I want to know. I'm very excited. I don't know. I said, very excited, guys, say, very,

to make you money, we're going to play. Oh, that's a great thing to do A great thing to do in the chat the That make everything I said wrong. It's lighting is very touching. There's so much So he's a to the to touch face in a night. I think wouldn't work. I don't get why I don't go like it shows on either right? Right. The pop right.

Don't mind. So you go and always at the phone. I'm going to try to iPhone. So brand new iPhone is working fine. Wi-Fi is fine. On the charger. The battery not anywhere near the battery that 90 something, I think is maybe not up to the stream, but hey people still

get in this, so. And everybody was in the chat from say it though. You're big of popcorn. You mentioned the vaccines too and I think I like, yeah I'm really not that like how everybody has jumped on it. The at least the early ones, 75,000, running three days. I don't know where I'm at, but it's those. Yeah, yeah, yeah, yeah, I'm at three days, 75,000,

unless me, carry the rest of them. That's not the maximum you do guys, so yeah, that was it. Yeah, did you get errors about it? Oh, yes. Oh, okay. Yeah, my 5G. You made that so I had a 2-3 space for some work. Probably not.

I think that he's off-date. So you said nothing here. You said message to Jack. Yeah. I suppose people have this idea. So the second you get vaccinated, you're done with. Like, we're done with that. But don't take off the mask. I don't care.

I got to watch that. Mask off. I feel like I feel like I feel like people. You want to respond to the you know you want to still do it. You never want to say you're not fully living with your response. I say you're not fully vaccinated until after you get the second dose, two weeks after the second dose blah, blah, blah, blah, blah. Realistically, I believe I am not a scientist.

I'm not adopted. Do not listen to me if I'm saying the wrong thing. Always check with the people who know better when it comes to what it comes to the proven people. Then prove themselves. Right. Having said all of that, you are vaccinated the second is the first shot. The second one just boosts it and

make it even more vaccinated, right? So like the levels of defencing your body after the first shot is I think you got to mRNA one as present very little matter. It's 80% effectiveness after a few days of the first shot. The Johnson & Johnson one shot is also, I believe, 80% effective. So I mean, it's kind of like I just got the Johnson & Johnson shot, right? I don't, I can't be inside right now. But I don't know it completely.

The issue is the law, who is say? So we're not ready yet. You know, it's a problem. It's a problem. Here's the funny thing, right? So people saying, like, I hope people talk about it, not taking the vaccine and not them going, no blah, blah, blah. What are the beauty, what are the beautiful things I think about the vaccine is actually really enable selfishness. Meaning, if you don't think the vaccine, okay That just takes our higher guys You might just have a little bit less to the general

Is it before when it was I need you to wear a mask is that you not wear a mask my school meal Or you got to get a vaccine Yeah, okay. So you're okay. Cool. Cool. Good luck. You know, I'm meeting, you know,

it's a boy, it means for yourself, bro. Yeah, man, they brought a party, so you don't even know how to take a vaccine. Is that really? They don't, I don't know if I have COVID right now, but I am not here. Yep. So good luck to you.

Yeah, it enables people, it fixes its own problem. But going back to easier, yeah, it's a great company as soon as, it's a great company. It's a more than a company as soon as COVID picks up. Yeah. I think the Spring Auto company is similarly tied, but I think this is the most close-in link to a turn around because they have this cost in the way of that.

Like CPJ, I hope that I see that CPJ services and blah, blah, blah, blah. That's a good next one, because I think it's in here to kind of link from that one. Yeah, but I think CPJ is as, a different long game in terms of, they get the most as soon as COVID happened, as soon as the things are, you know, they're more concentrating. So, everybody goes through the airport almost, not everybody.

We get that. Everybody goes to the airport. CPD, no, they have a lot of CPD, but they have a lot of CPD products that are those things coming to play for you actually. So CpJ's blueprint is pretty big on that side so he's pretty like a not even CpJ hotel. Yeah, I don't think you can come here as a tourist and come to say food and here and miss him. You never come to see food, you can use a bathroom.

food and here I miss them. You don't have a fancy in food, you can use a bathroom. Yeah, because I believe they have toiletries there, right? Yeah, there's a lot of but of course, conversely, get a big lick. I mean, I mean, there's no, there's no, there's no minimizing that. A big, big, big, big lick, 70% of them, I think only just big, big, like 70% of them, I think only just fly it. Roof, rough indeed. Rough indeed. Yeah, the share price has been flying over the past few days. Why? I don't know.

Let me, let me. Somebody leave. You know, it got right. It's this, it's a specific analysis. There's this specific date. How much was it? 8.6 million units traded on February 23rd, $3.50. We got my money, J.A. by the way, for providing this data for us.

What made the phone, J.A.C. set the business up? Self-love is a team for 2021, and that's on the word to say, but after 2020... Was a team forever, you know? And in a long go. I don't want to. Yeah. So, CpJ started a year at the end of last right, $2.50 cents and it closed today at $3.70. With that, that's your very back in here. If the work out some way, some hold, or doing to all the fund that make out, all the products that came in for people's pockets generally. If it's some kind of, if it's just end up that boy, I have this money and I don't need to spend it.

Boy, the market, that good place is spend the money. Almost everything was at the end. CPJ, the company. I wouldn't mention the problems that they're going through but they have had some big hits that they have had before Corona. Yep. We mentioned it in previous episodes. The beauty of what we do is so good is that

either who missed that couple of episodes, you couldn't miss it for months. All it means that stuff is so come on before it is happening now, which is what's happening. So it's so common CPJ ended up under banking covenants being broken. Yeah. You know, they're having debt, they hit $100 million. They take $100 million more than once. It has to change this blah, blah, blah.

And then COVID hit. And tourism have been a huge fall of the CPJs almost like that's 70% of them only I believe and so you can see the numbers looking terrible with them and yet just to both the United States. Even with all of that, they're up. Everything is within people are used. 43% increase since the start of the year. Your overall market fell by about 12% last year. Yep.

And here we are. Yeah, we bought CPJ. This one, but 31st you will be up 43%. You don't need to be in the last one. If you lose, if you lost, I think there you can. If you lost the money to the level of the market last year, you don't want to make it back on those CPJ industries. That is crazy. That is crazy. That is crazy. That's crazy. On CPJ, I think I like it a lot.

In the near future. That's what an opportunity is. In the near future, an opportunity is great. It's there. And I see a company going through trouble. There's also a company that's having that many. It's what's great. Yeah. Where but there's

crisis there's opportunity. Yeah. I was at the same before he said, you said it means that it's really hard to kill at least the company. Very hard. Accessibility. So we know we need to leave right? Yeah. And one man is usually the ones that go to the point that that's why they die. Sorry. That's true.

I think company that's truly fighting. At least the company that truly fights more often than not surviving. So much they are far from. I just looking at the CPG numbers as an and a decent but negative I mean they report in US dollars. Yeah boy 150,000 I have 250,000

So you had a sent to one US That's the way I asked I'm like this cabbie jumping I think it's got me that money 71 US. You really? Yes, that's the way I asked. That is garbage. I think it's garbage that much. But it can. It's called, I think that.

Yeah, it's the reality of the company believing from before COVID. And no more. Or did you have the box? Yep. Oh, yes. Yeah, I couldn't have. So did we save the, we only save in so much.

Right boy. This reuse profit better than. Yeah, I couldn't have that. So did we just save the, we only save in so much space. Right? Why? This reuse profit better than a, but then I write off in the next quarter. But I waited with. But yeah, my era. Yep. They do have an AGM coming up though. Or did they have a tab nerdy?

Mm-hmm. That's strange. Do they have another one? Am I seeing this wrong? But it is all news. I know they have an important 8 coming up. I think it's the... If I can big of feel if I have this one.

Right, if I have it right, it's my fault. I think it's the date that the covenant has to be tested again, the banking covenant. I have that so many notes, yes, probably, you probably write. Probably that, all right. Well, let's see what happens for the people who buy it, but who was bought, it already has gotten a great, great, great, great. Oh, yeah. Again, from the end of this, I should say it, too. Yeah, in fact, whoever bought this mass of units

on February 23rd, it's a quite efficient. Oh, definitely. You already got profit. And it's a dead company. Nice. I'm sorry to do that. already profit and it's why that company nice let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let me let Everything we're saying is basically saying it is not. It's quite hard to kill. It's really, certainly, as our own ex-boy. So, one does out of it there. So, you know, for my brain, but I'm quite mad at that.

Yeah, speaking of it, big of Sviti. Again, Sviti Raya, Matthew Sviti Barrett, who's saying that the 5G doesn't work if you don't get vaccinated and outside of space in the world. Sviti're wrong, I have been vaccinated about one of my two doses. I'll be fully 5G when I get the second dose. And I don't know. I don't know.

I did two-to-space in the world. Maybe two-times have been vaccinated. I should have joined the line. Or maybe two-times was spray. How do you see that? I should have joined the line. Maybe Twitter was spread. How do you see what? For some reason.

I made it to chat. I don't remember the guy's name, but Craig, I think that's the name. Craig, who did that video? Yeah, Craig, people have been like, God and Bridget. Craig, what video? Craig Pope. I know that he's funny because it's great. Big open up. Garden Bridget. Craig want big open up. Craig Pope. I know that it's funny. As I said, like Chan.

Yeah. It's it's it's a it I don't even care about spread, but I mean, big of the great for doing the video because I know that once they hurt, but you don't imagine that's not something there's you don't even get a bunch of your father that you don't get a bunch of that. I give the one to the internet, Brita, Dr. Radney is not like, I said, I said it to all of my main narratives. Yeah it for a great dog? Yeah, I was just thinking, I'm watching no.

I said it's specifically for the vario. I didn't want it to vaccine as your business. What is it? Yeah, yeah. You see your stuff, like, young. Yeah, but I think the more and more important things that I would, what you noticed from our messages privately.

What it is that really hit me from garden's thread wasn't. The wasn't. The wasn't. What was it? What was it? What was it? What was it? What was it?

What was it? What was it? What was it? What was it? What was it? What was it? What was it? What was it? What was it? What was it? What was it? And well, like I made a point of all, like the point of investing on white makes sense, right? That you have a machine they're helping to breathe at this house.

Which your Jamaica, you know what's happening? Jamaica, but last few months with regards to the hospital. So it's a blessing to be able to have something like that to your host to help yourself, right? I think Gordon said it. The way that we say it, it's tango. Can't be means, basically. Yeah, pretty much.

I don't know what I think, but it's mostly for the. Exactly. And I said, I'm critical also said that himself. So that's one of the good things. But I look on the internet and think, you know, that's another reason I'm listening makes sense.

Imagine that because most Americans can't afford it. Imagine being in that situation where you can't afford it. That is general. Imagine if you could have called me and say, you may have margin in the moment, you know what they want. I said this on chair, it's like we're both going for you. Exactly. You know, rush in the hospital. I'd say, oh, I worked both for you. Exactly. You know, I rush you know,

hospital. I say, oh, I'm can't have the wife, but I can't have you. Maybe you don't have a bite after then you said, I believe it to sell. But I know sell your, your arrow C shares are you.

I probably say you. If the difference, I, you look at me and say boy, then I'm gonna take always it. You know, you know, you know, understands. You never want to be with the, you know, you don't want to be in a situation where you have to say this here, but before you know until you're already with the other them, so your profit is three ones only, you know, it's probably not, out of the deep, you know, you never want to be forced to say that. But the thing I want to say to a shun,

his situation, if he couldn't, he did, well, not necessarily share it at all, but he had a solution. Say, if you're in a situation, no, you can sell the shares. Yeah. So it's, it's been to me, they arrive versus we're all in this company. And as I always not married to the company, my genius, I need help. Yeah, exactly. Yeah, dia bukan kebunan. Ya, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, betul, you know, if you want to want to do it for you, right? Exactly. And that's a point of it. I wish the eyes remember the point isn't just to make the money. I look at it. The money is to be used to this stuff. You need it. The money is necessary. But you do say that we usually talk about we usually talk about new things. We don't usually have many new things because the 90s are things that are company.

I love. We do have something new, right? You need. Yeah. We do have something new, right? We do. Yeah, we do have FESCO. New board nuts on you, back again. Back again. Well, it never really reached there, but you know. There, there, there, there, there, there, the IPO, well, they did their basis of allotment. They did the IPO process and all the base of allotment is out.

And it's so funny. I hear some people say hi, some people say hello. We got Phil again, Phil was mentioned. Some people are saying, why is a child, it's such a low allocation because they get a minimum by a thousand units and then 48% are there, right? And that's crazy, do you think about what if I don't I I was talking about a service and Express K theory and that's three three four years ago, and they go to guidelines that those got everything subscribe

If every oh subscribe companies It wasn't the way to know thousands. I don't think that it's always give up to 200 or something close this year That's a lighter My versus this when you get off I don't think that it's always given up to 200 or something, those are years or some later. They might versus this when you get war. A couple thousand dollars worth of money. No, well, they depend on what you put in. 43% or if you put a million dollars, you get in 430,000 plus. All in all, all in all, all in all.

I'm trying to find. So the general public pool, I'm talking specifically, yeah, general public pool got 43% of whatever else, whatever you applied for above the minimum amount, the minimum amount of those in sheer assess, 800, so 43%, 43%, almost 44% is actually a big. Of the XS, it's quite the, it's heavy, I'm not saying. Yeah, it's fine, it just doesn't seem that way. I think we just get the answer. And that's it. Yeah.

It's just doesn't seem that way. I think we just get trying to compete. Yeah. Yeah. Because of the dozen. Yeah. Forty-two percent actually big. If you had used what, it's bigger dials.

In 20 years. In other days, it gets far more. You guarantee far more than the money. Exactly. Which is way more than, yeah. Way more than what it seems small because of the thousand. Those. Yeah.

Yeah. The interesting thing for me here is that a broker reserve who had 58.75, 5,000. If they had 0.8 million shares that weren't applying for. That is strange to me. There is a broker in the middle. Which is not common at all actually. You get to go on and get an angle. Exactly, right?

Very, very interesting to me. And this is a broker's serve pool. So then that something like that you don't want to go and look at the look at the who was in this pool or you couldn't know is it at a place? because pretty much them leaving this 58 million shares fed fed the big thing with everybody else's life yeah and why do you give yourself all the choices? why give such a huge is never altruistic why give why give such a huge

huge I give such a huge piece to the public what was it I see a couple of dots there but I have to talk to you up here I get that we are I did that that that that I am. Well, I'm be very careful because we're like, it's a very interested. I'm happy that it did it, of course, because for people who apply and you're being that they'll get a better shares and that it's something and I suspect there was still a nice push on the market. I noticed that they still listed will have a listed yet, so they're not really

required to tell us all the part that ended until next year. Yes. Next year 2022. That's going to be a lot of fun. I mean, again, that's that they don't have to. They couldn't just choose to tell us if they want. Right. Yeah. So after that they could just choose to tell us if they want, right? Yeah, so we'll... They gave them, well, think about what they gave them was about team that they will have to, they'll have to general public police. So...

Exactly. They increase the general public pool heavily. Maybe there's somebody in the general public pool that they definitely want. And they give you... Right, okay, well, I take 53% of what it is. Yes, sure. Our work was so much take 43% of what it is. Yeah, sure. Our work will go so much even me and what are going to work so to everybody else.

We'll do it. Who knows? Yeah, who knows? There's so many stories I'm sure that could be in there. Um. Hmm. What do you think about when the list? Who? What do you think is going to happen when the list?

Oh, at least, nice. It's a good one. Crazy, right? I think you're going to be usual. One trade for... You're going to try to get that one trade in first day. Maybe not. And then it's going to be the same thing. Break us all the way open.

Hmm. Reach our points. Deep again. Keep it by your bucket and push it back up on it. I was going to do the same thing. Break us all the way open. Reach our points. Deep again, keep the buy-a-buke and push it back up on it. Buies until next report. So day one, $1.04 is the 30% trip. I don't think you'll trade at all unless JSE changed something. I get about it.

And I don't think you'll trade at all. don't think it's a real trade at all. I think that the usual 2345, six days, right? Who knows how far that can go? Yeah, the jungle quite a ways. It does estimate, it's 30%. A little while in my radio, I still. It was estimated 30 percent over three days I feel people a bit up

20% That's if that happens right I think a lot is dependent on what something is quoted and also I don't hear nobody talk about the possibility right issue is it possible oh let me be very careful they stated that they intended in their projections to take I think a $200 million loan Oh, the thing that the crown of something yeah in their project Projections they predict they're pretty and they'll be taking some money As I told Yeah, 200 mill There are the time there

Well, you usually people don't name what they're taking the loan from. Oh, definitely. Well, I can't say that the shared board member was no surprise there. We'll circle the comrade back around to Marita. So if they're saying they're going to take a loan, assuming that that happens at 200 million dollar loan, a loan, I see that that happens. At $200 million loan, you know, my personal will already why use my money on that can use yours, right? So then they're probably going to use that they're probably going to try and just pay that off right here early. I wanted to always can pay to office to do a raise.

Can you do a new or you can do a right issue, right? And so I'm looking at it and I'm saying, these guys may very well be looking to do a raise very quickly after the list. That's what the numbers mean. Especially because it's not far fixed for some sort of the way what corner still most. Nakata that has been there.

M.O. has been there anymore. That has been their consistent and more across the board. Nothing like a public race. There could be something work out between the two of them. Yeah, well, I expect the public to touch it because of the way it Corona so, the way the morning we have moved work, it's better the public involved in my way I'm thinking about it. What N&D always wants somebody to pay it for it right? Exactly that. I never want to say that.

That's what it is. I don't know. You say that if you don't explain it fully then people can't have a but I think so. But I think so. Oh, but that's just the truth. It's just the truth definitely. people can't help but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I think but I million. I'd like I'd figure that it could do that to an APO, not an APO to a right is you right? But in that ties current shareholders in. Are you couldable? Who knows? It's I don't think it's a great a great. Great part. Yeah. Yeah. So that's not new. I don't want to try to tell me

something. Give me a while company company. A dark horse for the for the upcoming early season. I'll have the actual earnings season coming up. Okay. Okay. Wow. You think I got you, you think they get in real estate? Yeah, but I have not much to say about that company. Because, you know, I mean, it's not our business team. So, this one, we are going on our own that side. The weed markets in the US has been heating up though. And the people who are in the weed market in the US has been heating up though. And the people who are in the weed market properly

stand to and have managed to last long. Good but our ugly have are standing together. And I think the big guys have been a machine themselves. Canopy I think it's canopy. Yeah. Canopy growth has been really a massive a lot of holdings? Yeah. canopy growth has been really a massive a lot of holdings. Yeah. I'm going to. Which is that it's a good connect with them being listed. For their listed, then it's a easy acquisition versus a private there will probably

try to work all this. So if they're listed, then it becomes more attractive to some people. Both. No, they're not listed. So what's going on? So maybe that can be a good point for them to be really listed. I was for them, but I mean, I don't have to care. Why did they list in the first place? They did that. So that's what I want. But it never seemed like there was much effort behind no big talk in the Japan market one day and in the upper half of the mix.

After saying that, they don't have the results put in which if you check their website, you consider results on it. It says that the results were created. So, What says that results work create someone you don't care what's up. Yeah, maybe somebody never hit sin or I don't know I don't know oh Well Jim and B. Oh, yes. Ooh, big money. Big money, puffin. Already again. Yeah, they were about to eat that, that, uh, such a core food.

Well, interestingly, you see, I saw the report that Sadiq were put out that didn't actually, that didn't get into game and user ports. The first one are the latest. The latest one. So they basically said, hey, we're on the article, I said it was an article, I think that was it. So basically the report was immediate. So basically they didn't have a share of fracture for an associate line. For this I think we're the most. So when this I think we're the most came on top of the word. Let me see, right here, I'm finding it. but they had something else added to that right because they did say that they're.

They did say that they're. They're going to. Next one. Well, well, I mean, I have to tell you when they're going to do it. When they're going to actually benefit from it. Like sorry, when I go to actually record it, because you can just say, oh, it's not going to work.

So it would record it. You have to make allowances for it later on. If even just in the audit, for the audit, it's there. So what? That's true. If even there. So they can put a quarter of the report

and then there's no real adjustment for it there, but then the audit cannot miss it. True. Currently there are no undervalidists and understatement. Oh yes. But everything is working for it. It's spinning around and all. It's a whole dividend thing free up now from the Central Bank. So no, they're more and more in their own use of looking under

by it. So I'm going for this year holders. Finally. OK. Right. And they are bringing in US dollar dividends. That's such a nice thing. Bringing for themselves, US dollarhmm. Your side dividends.

And reorganize. That's one of the, that's one of the only places where I'll say that that's almost a buzzword. Oh, they bring you a different, the pay you a different thing. Most of them are actually like I guess they convert that. Exactly. Many people grow up really used to getting it in US University of America. That's the same amount of money you get. There's a hundred or so. True. Exactly. Many people grow up really used to getting it in US or West Germany. I'm not saying that. I'm not going to get it. There's a hundred or so.

True. But I mean, I don't think that they're not paying US dollar dividends. Let's be clear. No, yeah, man. That's it. It matters to them to get US dollar dividends more than it matters to the general public shareholder to get that thing there. To get the US dollar dividend.

So I've been me signals paid. So, signals USD pays US dollar dividend. I'll never care. I'm sorry. But if it unless I'm what they are certain ways and it's actually my thoughts to my level currently no and I can't see my time for quite a while. But so for Jimmy B, you know, Jimmy B, a bank, and they have US, US capital needs and all that they've worked a bit for them then for me. And they're receiving, right? They're receiving, um, dividends is, is, is a big deal. Yeah, you said what I said, you know, concise.

Say, yeah,. Say it. Yeah, it's a. Yeah, it's it. Especially know what they're being flying. What are you? I think it's over one fifty today, one fifty to one. Oh, yes. Yeah, so that's a big, big deal. And so I don't even know if that matters.

I'm just saying I. Yeah. Yeah. Actually, one for nine. I get to think me, but that's still in screaming mode. So, say in screaming range. I'm sure there is somebody quoting,

quoting the same thing that I'm saying. Who cares? I'm, they're reorganizing themselves. All the banking groups, all the financial groups seem to be reorganizing themselves and NCB doing the most, the most obvious stuff. All the banking groups, all the financial groups seem to be reorganizing themselves and NCB doing the most, the most obvious stuff. It's always like if you're a long-term investor, just get the reason not.

Like all the time, again and again and again, there's that. So obviously, I think the latest thing to have, no, latest in that is a new story about the change that the split the bank. This whole the bank is running terms of our corporate versus corporate versus retail banking. Yeah, I'm two new heads of it. See if I can. A bit of a new, different approach is on focus. It's not as a one-eyed. Yeah, and to me it says that yeah, it says that you're with two different, with split and business like that, you have two dedicated people who can handle those two very, very,

very different things. Right? So, um, Carpet and Commercial split from retail banking because what people need generally is completely different from what anybody else might. Yeah, the company's right. Yeah, the public versus. Yeah, I get you get me. Yeah, yeah, and I wonder I'll do that one of the things I wonder about that heavily is Relentually NCB the bank does actually make a lot of money. So a lot of attention next time last It's on its own know might make that last very very very clear I don't know I don't know I don't know if it's all the report I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know to be as clear in terms of copper versus retail in teddy reports. If not, if not, it's like I mentioned,

but I know it's your food breakdown. But I already do. A food breakdown between copper and black, and NCBJ, NCBJ, NCBFG. Yeah, man, today's video of the bank, but the bank itself wants to put out the different sides of the bank, some say. I see where it's in the hat,

and I was really not appointed. That's actually a good one. If this was a live event or time, I would be so more into that time. I'm kind of something there. But I won't for no, because again, we're in NCBFG's in just Jamaica. Right?

Jamaica is major takes is not just Jamaica. And really, the banking even for NCBFG is not just Jamaica because they own quite a few. This is a good signal with other NCBs doing our own corporate banking and I hope. I think I would have thought that their NCBCM capital markets is doing so much right now, doing much more than what's your point. When I do market, the car market isn't doing other news, It's doing so much right now, doing much more than what's your point. Like I had just no argument.

I just wasn't doing a lot of these, a lot of public, a lot of these are the public. No, there are. You can see a lot more coming onto them. So I can see a heavy corporate banking push, which is good for the technical private sector, which has been on the server. That was weird. Yeah.

Yeah. I think this is a sign for us on the else. You know, just like what you're doing to be under pressure, you switch one to the other. I think this is going to be a sign that retail banking in Jamaica is about to get a whole up more competition. And they might know. Oh yes. You prepare.

I didn't know you were in that way. No, that's that's what it can look like. If you know, you're going to stop your prepare. Right. Your preparation was retail because from the angle of the people that we're seeing on that side is not those retail got to be incorporated to and they're okay, we say fuck off right. Exactly. You're going from that angle, yeah?

Yeah, so if I go into the water, we look for the clear and who is who and what is what and what we're doing and we approach. Yeah, man, I don't want to say bleed from the big guys is causing this. No, concentrate completely on this I mean interesting point I'm I read the quote I might read the secrecy of the point by mentioning what think about who is talking about alternate investments in the maker I know all the horses but being an all the horses but yeah

all the horses but talking about them say them leads to. Other horses. We're talking about the unsaid in Louisville, more than those. Oh, we're looking at it, yeah. Not telling you. So all the horses, but it means it's a buzzword. You know, we're going this industry. I mean, NCB is doing it. And where was new and exciting? So it's NCB and Barita, literally.

Literally. Yeah. And so if you know you're going to pagans a new riser, because Barita hungry of freight. So if you know, if you know, yeah going up against a new riser because Barita hungry afraid so if you know if you know Yeah, not yet, right and on the flip side NCB not joking either cuz what I'm about to do with with with Guardian is not it's more Just a fact to them deferred dividend

that's what. No, just a fact to them deferred dividend. You know, oh my god, just a fact that they deferred the dividend. Yeah, he's going to tell you what all of that, but this meeting still doesn't. Yeah, it's like, yeah, my it's like your fat, I used to work out and manage it that. And then you still don't have the I'm emerging COVID box and doing it. No, no, you still don't know. You know, lang ang prida betta, ba tayo, you can go back to it a big food for you like no. So do you like it?

Why my deal? So it finds some new world. You know, if it's some reason why he won't go on it all, it's food like you usually would. So do you find something more, you know that that is worth more to him than Then all this food. I'm taking that analogy I put things on in CV If they couldn't pay a dividend before they could but you know the agree not so and

Know to get the free up and it's still agree not to could mean that them privately agree that hey You guys are the biggest if you pay a did it and it hits us the hardest so you don't do it but I don't think it's that hard not to do it. You know the new way to do it but it's free the full free up. It's funny that for years no I don't know let's feel that Sunday quereven it has not been interesting more than so for me. When I like in the face of innovation, I always find something weird about it.

Or does not be loaned in certain ways, or not being doing it in a way that's meaningful to me to the boy, okay, buy this company. Think of all that's going on right now. And something quite just coming with us in there, the online system for time. Their operational, the personal go-up,

and no, we are not really hearing the online banking team. They do have online banking. They do have online banking. They are not online banking. We can't get it again. Hey Quity or acting as an investment bank? No, even that I'm still on more assets.

But I think their focus is completely different. If you think of how they move differently from everybody else, there's still, like, in the way that their investment side of the other setting is doing the way that they do the insurance setting. Yeah, well, you know, that's it. They're looked to me like an insurance company that went into banking, versus a banking company. Yeah, in the mindset and movement, it's everything there.

It does. It does. It does. It was about banking investment. And you see the top of the stream affects the whole of the stream. So the insurance business is heavily risk-based, heavily risk-averse. Everything is built around the risk. Not that all business would business in the right way, but they are friends of a very real thing. They're going to banking the kind of, the same way. While the truth is an investment banking and also especially in the alternative investment side of things, you upfront. So it's not a lie thing. So it's a difference between them, such a core and deals. And then of course, you know, I don't, I could be wrong.

But you know, I have a, you know, helps leadership. Single leadership really helps. Right? NCB. Oh, yes. So run by the one man. Yeah, it's good. You're right. It is.

Yeah, no, they have shared cross. Yeah. I really actually can go check Jim and B if you want to. No, you want to know that I'm a truth is. You forget the idea what's going on in Jim and B. It kind of here. I can be the top from. Similar biggest shareholder of Jim and B. Prove. Prove them. Prove them. Yeah.

Yeah, who has them as an associate. And if you can kind of want to have an idea of something in Prove them. I think the single or one of the biggest shareholders in Prove is actually baritone. Mm-hmm. You know, you keep coming back running out of wheels. Exactly. Yeah. It's for no NCV. NCV was a part of that.

But was a part of that sort of thing. They can. I couldn't have the M&B. They've got it into the one time new level. That's why he's thinking. You know the even nice meme at the top. Yeah, it's like, yeah, yeah. So let me get there.

Yeah, it's like, yo, we used a quad about these things and try and exchange it. Yo, here, you take it. You can't afford it. I'll lend you the money to buy it from here. Take it. Yeah, man. I'm doing bigger things, no. Much better.

I don't know if I can tell you any other commodity. All right. I'll lend it to you. Yeah. That's what we're going to invest in. I earn some of those companies. I know. Inter, inter, those. That's what we're going to invest in my arms of both of those companies, I know. Interternals to local equity space,

in the pushing way more of it, and they may be, well, they may be IPO wars, or other, or other, or other, or those. Yeah. When I just came, I thought, I saw them and be as a bigger IPO host than MTV, Katmawgis. I know us from me, it's a different thing. Yeah, that's all the giants, you know, the giants.

That's all the giants, I. The giants take a long to get going, or they get going very few people can beat them. There's the couple of years to do it. I think two or three years ago, NCB said that they wanted to take a bigger share of the market market, wait two more years and look at the market market and look at NCB. All right. All we should worry about is that they said this year 2021, or late 2020, that their plan for growth, I think, over the next 10 is card services. Always you know that. More and more.

Look, when these guys freed up capital for small businesses and manufacturing and so on in Jamaica, the economy moved, they're able to free, and they're freeing up Jamaica, the Econ Boob. They're free, and they're free, no, because they have already done it. Yeah, if you check it, you look, you'll find, I'll give a short talk to this thing, I can't remember the exact name of it, but like if they have, the figure, they literally are putting services out there already to help people get into kind services, you know, great way in a region, not even locally in the region. So look what's going to happen to the region in the next 10 years.

Again, I'm going to back up at NC. Yep. Yeah, man, they used to be that the most exciting one. Yeah, the most exciting thing for NCD, for me, used to be that you know, they'll get big enough for good enough to list on the list. That no, I don't know. I'm That I'm sure I'm sure I should be waiting under I'm sure people to be talking on

Don't you I'm not Biggest thing to happen tonight. Bro come on You know I don't give a damn it. Tell me something nice like I mean, it's nice and they do Yeah, if they choose not to You like the JC I like the JSC. I like the JSC. It's that simple. You mentioned that the recently, I didn't make them dead. You know, they might never come back. You think they'll ever come back? I used to be even there with, I'm not hopeful that anything. I used to be even the David. No, I'm not hopeful that he think. I hope you don't have to take care of it.

Yeah, I hope it's not that strategy at all. So, you know what I mean? If my belief on me, whether or not, they will come back he's based on more news. I'll figure out something going on. Because I still don't know why I'm gone. Mm-hmm. Mm-hmm.

That's true. That's true. I hear it's all going to do. Since we have people here, I don't want to need the people out. We've been doing this for a little while. Oh, oh, no. So I'll ask if anybody have any questions. You guys have any questions? Otherwise, why do you want to ask? Even though, even though,

what is the, did, did, did, did, did, did, did, did, did, did, did, did, so like, if I'm like, how do you get him great for that? No. For this in their book. No, they made it talk themselves. They made that in next. No, that's not bad thing. They'll get me wrong. I'm not looking to be excited for them. I'm not sorry. Yeah, that's it's not too excited. I expected that too excited. I'm not too excited. I'm excited that they thought to do it.

But the mind that came up with the mind that has come up with you, let me create that index and fund it using a lot of people. Or you're like the creator index and fund is our people. I love it to maybe liquidate some of my unit trust holdings or push some of my unit trust holdings are pushed away from my unit trust. If unit trust will already that best previo. True. Exactly true. This is what you are doing.

All of the people want to add the end to kind of putting back it. And I think I hit the Sagittarius over the years as you mentioned, I think both. I think Sagittarius over the years is the ex-fun. Ex-fun beat them back. Remember we just started out. It's funny because the movie, both of the OFA, the Jamaicans, what is it? Very much at the top. To the end of the year.

Yeah, still hitting SFC. SFC, which is? Well, SFC might find a way to manage it. I mean, I trust that it's not the other way. It's more just a thing for SSC than study, or JAA and X1. So, in front of that, there's been, on them, it's very different in both SSC. So, yeah, that's the questions. Yeah, so questions questions anybody have a question in the chat? Through one or no, through a question of and we will see if we can answer it.

I see Philip Stratos. Yes, that's another meeting and others watching it. It's another meeting deal. And not just watching it. It's another big deal. I mentioned earlier that I mentioned just no. About the way they're working towards businesses in CB. So the corporate banking on one side and it just feeds across the whole board. And it please part of that.

Of course. You go every time going to work to the right place is always big. Yeah. Make some money. And it's funny, because what EPL is going to do inside of TIGO, what EPL does, all of the things is considered alternative investments. Insurance premium financing, It sure has pre-milk financing on that. Yeah, it's still right with what NCM is doing. Exactly.

Exactly. I showed you to David Rose who just pointed out that I don't know, I don't know the rest that is what I said. I do the absence of dividends. AIC Barbados has reduced its stake in NCBFG since March by blah blah blah blah which is equivalent to the company's last $1 payment. So in other words if this is correct. Yeah, there's something I wanted to add, due to the absence of dividends. Yeah, well yeah, I didn't add luck here, I didn't add some color here, David. I'm not sure. Actually, you got a quarter or something like that. But I wanted to put a reason, but looking at Firefox, ASU, New Serious, taking NCB, by I'm

one equal to their companies, that's one of the components. Compile to or compare it to David, since it's in his article from today, David, we don't take any spare parts. That's a source. Just like Wikipedia. Is that a source source. So you write in it somewhere else, don't mean that it's true. Not saying that you're wrong, but if you have a quote, then sure. Otherwise, no. But at the main point, the bigger point is that it is true. And it looks like it could be true. It looks like it. I don't think we've been in this squad. So get some money here. Yeah. And it's linked to what you said earlier and we thought how about

Carbson in, right? Your owner, you make back your money by any means. Yep. Yeah. The thing is though it could be that losing control on that one. Yeah, but I said one person. But 0.71% is hard to come by. And if I think of what I do, how much dividends do they get? Well, that's an interesting point. How much dividends do they get for not 0.71%? It's in perpetuity, but here's the thing. Once you've sold it, you've sold it. So it's hard to combat.

So do you think I actually gave it up? Oh, oh, that's an excellent. I would, yes. Yeah. They have the ease of buyers. What one, two. All right. If you send me 0.71% of NCD, I can guarantee that I'm done selling back. And it's your forcing me to say, I'm not selling you back. And you know that it's hard to get there. More of a, the ownership percentage isn't huge. I call it was years ago.

So is it is said to somebody that you know are, um, you didn't say to somebody that you know already. Very quite. I don't know. Different. Or it's exactly. I won't tell that because it's not taking. I know.

It's an on see it. It's a, it's a, it's a, again, that the ease's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that.

It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that.

It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's not like that. It's already stopped. 30 billion, not a phone. So what did you say little? That's a great question.

You said little. I'm clarifying the answer and you have 2.5 billion already. I was just saying it too. I was from the Legion in the weeks. Oh wow. I'm from the Legion in the weeks. Yeah. Oh, well, yeah. Yeah. It's something real. It's something real.

All right. Here's another question. Somebody asked when someone taking over parmol traders, my daughter, oh, you wasted potential there. Okay. Why is it going to take over? I don't know. Maybe they're just saying that the potentials are sort of a glance at the numbers today. They just came onto the usual stuff. Streamkin profit.

I don't know if it's with the potential. If somebody could, if you think you have better potential, not for Jenkins, just buy it from the... make him an offer. You know, offer I can't refuse. Yeah, you know, offer the car refuse, but lower than whatever you know, you can pay for. Yeah, I've either the kind of money to do it and you know that, you know, you know, how that go. I did keep following up, I think I just finished up that point with David, David keeps saying that it's sold over a year ago.

It's point seven, one is from March then today. We're not saying no in a David, it's not that they sold it, it's from the US facts, it's with the word it is sold it. It's saying why they sold it, I don't know why it was sold. I can't speculate, I can't agree, I can't say more, I'm way of saying make sense, but it's something I can make sense, I don't know about that's the reason. Unless you spoke to each and reason, and I got that quote. Exactly. Yeah, I just said it was so because you don't get the difference.

It's not for I can't say that. Then I can't say that I'm less in other include, Legion. Pauline F. C. in this farmer? Yes. It's only because we got news at a thing there. The co-vax facility, the delays are having in there. And then in this on the bucket, it's announced today. They're selling to us.

The bioprist is, bioprist is getting the distribution dealeting there for the Caribbean from co-vaccine. So they can push out the thing that the vaccine at cost. Unlike, well, not unlike the recent, we have the thing that free vaccination for tingling, but no inside corporate is going into that field. They can tell the vaccine to people, bioprists is set up a deal,

they're getting vaccines from tingling there, in there who just unknown supply chain issues from their free vaccinations. So supply chain issues are already there implement. So supply chain issues. They're in the supply chain issue. They said, why are you all? All people are getting their vaccines

and pulling back on the vaccine right now, just giving away for free. So of course, no more free vaccine. Oh no, but hey, I'm saying to this guy that you this guy who's your friend you can buy from you Yeah, and he is there going for his Caribbean distribution Hold on is it that he's in the say that though cuz or has in the set that they're not letting any vaccines out of their bottles until they feel like that okay level I think that's what I said. Yeah, that's exactly what I said. I was wondering, you know, for correctness,

does one three year or three year or year or say any more. Oh, yeah. I don't even. Yeah, that's what I said basically. We need more vaccines. I guess it's treating our core. Yeah, that's not you've been away about things. But again, I have that. is reading the record right now. Yeah, that's not new. You've been away about things.

Well, again, I have an ID for you. I can share it. Okay, that's the article. And that's the article from Indies. Showing, let me show you to everybody here. This article from Indies just talking about what they're looking to know. The callback's in hub. Bio-pressed, not Indies.

Exactly, and Bio-pressed is. Is Indies parent? So, I expect a good amount. So, I can be so through it is with this little in this arrest and then was right at all. Well, in this is this very way the industry is a jambika. Nice. So the hope is that people should be very

excited about that. I think I feel like in this guy's care about the share price. Mm hmm. Yeah, I certainly milk the company, but I wouldn't like it. I mean, I would milk it to the kind of companies. So why not? It's a business business business basically.

Exactly. And funding and helping which gives intended for them to carry what is your first? Yeah, yeah, and their dividends, right? Which brings us right back to the caribbean point, which is it really is true. It's really the other new thing that was small concepts was with different context. Exactly. It's the same principle. So you understand the principle you see it's that it's an ability for you to be applied all over. Let me pick up one of the other questions. I don't really see a second question. I don't see enough people talking

about a call vaccine vaccine. I think whatever question you have to read in the chat. By this year won't answer that. That's something that I recommendation. Yes. So much. I feel as bouncing back after shell plans in 2020. I mean, why is it thing is I've been building from ever since I've been. Sheldon bonspa. So don't even at this a disappear.

No things are working for another ass here. Probably just either social rough time or COVID or there's no already it. And we get push back. So let's take a look, boy, it's like, I've lost a trial. They will be communist, I think so. Yeah, I'm just letting me to hold on people can wait. Mm-hmm.

Kind of need more need also. Yeah, exactly. Just a few long weeks ago, when I talked about us rotating investors, these companies have things that you're doing. Can I share it with you for example? Right? I got the opportunity to go and then I can't really money for it. Exactly.

Or the brand new money answer. Exactly. And I think I think I think I think Fesco showed that the retail the retail investor is very much hunger still far. Very much. Imagine the allocation would look like without the 50th admiral and I didn't see that the broker is a laptop. You know what? You think maybe they had just dottedotted how big the retail investor turn

out would be and so this was like an emergency amount like if we don't get heavy subscription of X we will just buy it ourselves without calling it a Yeah, and it's a lot of my many cases And I like to get it all thanks to the things that one thing is and I I like all thanks to this but I don't like it from the aspect that we're in the business of explain So we we're very often you ten answers to one question So yes, so because of the way it can happen that way it can happen. So that's very likely because that's that easy. You know before that's easier to secure or think that security needs anything. And I go if I go to a broker and say, I'm here with my company. I brought this very common, much more common than here.

You need to be spoken about by the public. Just how much you need to get here and keep it off of it. How much of the money? In the coming time, you can't say why. It will be so satisfying. You have a worry much, like some other reason, which is why underwriting is a big deal for people. If I went to this and said, boy, I've always said it's going to be public. It's very, like, you, I get a full take of it. Then if I, the more you use I can guarantee you that it will. And big up, Philip Lopez, who said he said that in the

every week of his subscribers chat, yeah, I do have a subscribers chat. What people don't grow and I advise you are subscribers. And he's right, I shouldn't say he's right and he's said it. And as you heard, then I just said, just no, feel it. We don't know. So it's still. It's not really wrong.

We just can feel you if you're right or not. Exactly. So it could be that. It could be a big person coming in. It could be. It could be cornerstone. Wanted that I stick at the level. That it could be any mirror that things. It could be the it could be cornerstone, wanton, I think, got the level got through it, it could be any mirror that things, it could be the, it could be the company owner

so their company thing, there's any mirror that things. If there's a right issue coming up later on, it could be somebody who decided they wanted to get in know before the right issue, because they're going to contribute to it and they're willing to pay twice. I'm paying for the shares now and I'm going to buy my ice beans and the ice beans that make me the asshole line.

Yeah, it could be that. It could be that that our car is it could be also as I think so we know for sure what it is a good point to look into agree point that speculate on the again say this more than one times from four of us in the more you think about it, different possible routes, something can go. Then when the when certain science that show you names that they can get

the ones, oh, that's that thing. And I can hold on, I can water on that route much easier than everything gets you by surprise. I know I would think about it at the point is happening. If you're fully, if you fully thought of the point, that player or whatever, way back when they were in style, would be easy to science and you know, is running it, right? That's true. The weekender asked,

how do you think the current state of SFC is affecting JNLD? What is the current state of SFC? Yeah, we can even have to guess. But check the books of SFC. Yeah, we can even have the guests. Check the books or SFC and you can do the 22% and put it on JNMD. Yeah. I'm not gonna say something beyond what the numbers are saying exactly.

That is true, they've a content. So if you meet up with the sprinkles or we can speak on that. Exactly. So this SVL infrastructure? Yes. Flames. We go.

There's another question, somebody else. If you have a big question there, I don't know if you wanted that one. Then his question is, I feel like I a big question there. I don't know if you wanted that one. Then I his question is. I feel I have these long questions. He's artists are stated that the steps to meet the MCT, the minimum capital of the test racial requirement.

As the. Your field. It's on the field getting into stocks. You know, it can't feel such a boring question, my guy. He. He's artists are the same thing is why? Well, is what is the actual question? And they are likely to switch from a trailing 12th one.

So, you actually are not? Oh, and they are likely to switch from a trailing 12th one last per year to an actual earnings per year and a PE in the 20s. I agree. I don't even like reading that. You have not read that? Yes, I don't even have that based on an MCT feel I mean, they only really fail MCT once. They didn't do anything to do.

Yeah, so I wouldn't, I wouldn't, I wouldn't, I'm very careful of all these things should be worth it or they put together and this is, I'm not going to base it on that. And they're not your PE, your PE guess or whatever. I wouldn't that. If I do a PE guess, I would do a PE guess on maybe key. Key insurance is insurance company that I think I could do a nice PE guess on. Key which is also a last. Key insurance being.

Assusqueer to approach it. Filvetail you stated all you wanted it to the approach. Yeah, I tried boxing to say. I want here. I feel they're going to switch from a training 12 month to last. To a profit and B in the 20s I agree. I don't know I don't know to stay within the boxes. I mean they're profitable. No they've been profitable for two quarters. They've been profitable for two quarters now. Like on a quarter on a quarter basis.

Yeah. Yes, I think. I think yeah, I think it's a quarter. Yeah, I think it's a quarter. Yes, I think so. I think it's a quarter. I want to look for that. Now, this is the year. So for the fourth quarter, which is the last quarter of the year, we have them going. Look at it, December to December,

58.7 million versus 31 million, right? And the revenue net premiums written and earned, I mean, it is too completely different store this year. But still on the year end, there's too completely different store this year, but still on the year and there's a loss. But you don't want to learn all this, you can come to my girl class, right? Every week on that course, slash girl. But yeah, this has been showing certain signs

over the last, maybe, from the nearby. We spoke about key on the board. More signs, we see the buy and then the injection from the right issue. So look in the, yeah. In fact, look on the, the MCD you nice, right? Yeah.

Look on this. And the third quarter just to prove the point. No, not proven point, because again, we don't over speculating just educate it guesses. This third quarter, they made a profit earnings per share of about two cents per share, right? September 2020. Had it done the right to share my have? Yeah, right to she's 2021. All right, so the right to she is 2021. Then.

Okay, so Q three, they made a profit. Q four, they made a bigger profit. All right. or they made a bigger profit. I know. To fight against. To fight against. To fight against. To fight against. To fight against.

To fight against. To fight against. To fight against. To fight against. To fight against. To fight against. To fight against. To fight against.

To fight against. To fight against. To fight against. To fight against. To fight against. To fight against. To fight against. to be compared to a header profit in the next quarter because Q1 had those super thing there. The thing we spoke about with the three insurance, with a return contract that was changed and then that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that not on a full year basis, but yet. So, it does, it's a good work on. Well, they have continued because it's March, the first quarter, right? So, there's something to it, so we're able to hear about it in what? It's a thing. Four weeks, right?

Four weeks, yeah. We're interesting. I'm sure people are, well, easiest thing, back at the envelope. If you look on the last call, it was 5 cents per share. 5 cents per share, 2 cents per share, that's a 7. For them, I have 3 cents per share, EPS, and it's carried forward and you're looking at what? 12 cents per year. It turns out EPS, and if you multiply that by P E of 15, right, all right, so since first year P E of 15, I did something wrong there. Erning cents, too.

Erning cents, the limited price. So you have 1.8, if it's at 12, right? If it's at 20, meaning 5 for a quarter is 3. My suspect might be higher because you'd have to pay attention to realize that there are a million or the business They don't have aggressively funding products. They've said and cheated Those investment into model

From new money raised that's just going to MCT Plus that property that they sold investment property sold And any expansion if you remember the thing, say that at AGM about the Eastern Caribbean blah blah blah. I looked at that and I raised my eyebrows when I saw GK buying Scorsia insurance Eastern Caribbean. And I thought, hmm, where could I put those two things together

within the Scorsia group? The Scorsia,. The Scorsia group. The Grace group. Yeah. Yeah. So that's the now. I won't go too deep into GT. I'll take one more question, maybe.

This one from Stephen. If you wanted this one, then I do if you like these new alternative investment irons being brought on with seriously affect signal short term I mean you mentioned NCB being oh, it's a two-part thing I mean you mentioned NCB being giant and when the chance step into this space Then problems everybody else. I suppose it's possible the pool may be big enough But yeah

We asked you to pull it big enough If you look forgot signals already. Signals just for his money. The money, see it's a bit done before it. The tech it. So the money before. Yeah, so what competition? Like, their fight was, I mean,

they go to my home, they get a bit, even better deal. I think that's fine. be my home being a tenant. Even my beta deal. I think that's fine. In short term, that should be fine. And if I understand, alternative investments is a thing, it's almost a bother. It's just, you use it to talk about a lot of things at the same time.

It's not really much focus. So alternative investment from the A-DNS is not sucks at ones. Basically. Pretty from the A-D, that's not sucks at once. It's pretty much. Pretty much. It can even look like sucks at once and with a size of it. It can even be stuck in, I think, the company.

I think a trading, a very company, it's like, oh, private equity, that's other investments. It's a very broad scope. We can do anything we want and invest it in anything. Anyway, we want to cause it's not traditional basically. So it's not necessarily going up a single market. So it's going to cause themselves that private create, private create. But they're, again, they're focusing on direction on everybody else is.

Everybody says talking about our investment. It's like a bit anything. I think they're going to get there are instances market. out of investment, like the anything. Yeah, I mean, one of the things that I got again, there are instances market. Almost every broker, even those things are the big ones at least. They're really fabricated. If I give up going to any private company, where you think the thing there, you think the big company is,

you think the big company is the thing that I'm not, I said it wants to at least, you think they don't get loans from NCB. So yeah. I said NCB is widening the pool and NCB is widening the pool and signalling. There's also many ways of widening the pool. But if you remember, actually never call themselves? I turn it into investment. Researching and processing.

Yes, I mean financing is what they said they do. Yeah. So I can I can. I don't worry that in the least I will signal. All right, same. I think you know, it's fine. Yeah. Um. All right, same. I think she doesn't seem fine. Yeah.

Well, I don't know if anybody had any questions for us. Otherwise, we're going to wrap it up pretty soon. Unless you want to talk a whole lot more than I. No, not really. Not quite as good. Yeah, me neither. So unless anybody, I have one more question for you in 10 times fast. So unless anybody I have one more question, then I'll be 10 times fast. I think I'll turn into investments with the possibility of play a bigger part going for. Yeah, I really don't get into the name and I've some of these things because it's not even

one traditional. The truth is, it's original I invest in. It's really investing is the same thing. Yeah. Tip of despair. You'll see'll see if you think if you're bridging a grant an impact on it because all their investments are that's true that's true I think we have done other investment I don't even know yeah if you if you're learning bridging money to buy lot of, or buy a cash chart every year, at the end of the week when it gets paid

and paid about all that I thought, and paycheck, would want extra ticket money on top of it. That's alternative investment. You be telling me a little act of money every day because you realize you win 20% of the time, or you say that, okay, you also have to give me 20% of anything you win

during this time. That's also an alternative investment. Because you're no hedging part of your money against 20% of anything he wins. Plus he still pays you back at the end of the week. Yeah, but that's, that's, that's, uh, maybe that's uh Maybe I have to think of it. It's industry that says What's the point? In investments. We re-pucked the same product over and over and over until you guys Hey, it's all different. Yeah. When we were talking to buy unit shows we thought we think I wasn't out there in investment

We are going to buy unit shows. I thought it was an algorithm investment. We are not going to buy a real estate setting to be our thing. Even real estate, we already know as traditional, is somehow an algorithm investment. We buy real estate by our loans. We have equity in real estate. It's the same thing all around. It's those real pockets. So, we're done with the spot thing. The spot thing, Richard, sorry, it's all your people's

out. Scributes. Oh, God. Oh, God. Yeah, well, they renamed the renamed the equity funds listed that listed equity funds versus anything else right? Yeah, it's not for a minute right? Yeah, yeah. Boy, I don't know. All right, somebody say, where do I get the sweater? The orange bow, see?

You know what I go? Homework. Right. Really? Leave over from the campaign training, you know? I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion.

I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not going to be a champion. I'm not the last one for you tonight. What are you going to buy the G part of Porsche? I or Steven. I miss it. I was sending the price. We work orderless. We work orderless.

We work orderless. I was just saying the price. That's what we go. I did it. The nice 10 million, you know, 20, 20, sure, one thing, you know, one life. So, my, the Jeep, my, the Jeep tonight, my, the Jeep, you buy one. It's a smart thing. Easy. We're really like to read. I thought it was smart thing for the poor. I would go easy, but big old. Yep.

All right, guys, with that said, I've got a call time. I'm tonight. I hope you guys enjoyed it. I hope you guys got your questions and I hope it was good enough. Check us out all the check us out whenever you want that earning season podcast.com is it's the core or in season podcast.com. And for the people who already subscribed, thank you list of episode five star. It's on what have you listened to it and it is it's Apple, five star, five star, five star. Leave a review. It really helps.

I look out actually when I drop my episode right after this. So you should you should enjoy. You might like this one and if you're listening to this long after we've done it in check out episode 53. That's one that we're referencing. So you might also like it, right? Or you might have watched 30 if you watching this one, watch us on YouTube. That's it, thanks guys.

And number of videos. Yeah, right now you go. Yep. Thank you, Mr. President.