Earnings Season - Top 3 with R and D

Episode Date: November 20, 2020

Randy and Danhai catch up with the current earnings season results and give their Top 3 companies from what they've seen. so far.Very good, but never too good to be true.Contact Us Here 📧 [e-mail]📱 www.twitter.com/Earnings_Season 🔗Links🔗 GRWR Beginner Investing Workshop - www.everymickle.com/grwr [Discount Code: MERRYBRICKMAS]Earnings Season Market Calendar - www.everymickle.com/calendar ★ Support this podcast ★

Hi guys, I'm Randy on Tutam RT Euro and I'm Danai on Tutam H Dan I and this is earning season and we are back with a nice new episode in the middle of the real earning season the indeed the last one for the year right yeah so it's all time now yeah yes last one for the year you can say yeah last big one because we have the guys that are not hunting it's like lab yeah like Lab like Lupo Lupo Lumba I like Lumba's timing yeah Lumba's timing

is my favorite timing but yeah yeah if you don't know what our earning season is look it up consider it homework as in our earning season

podcast that podcast is us and as always we talk about stock the market and whatever comes across our eyes

I mean as I said it's the last and whatever comes across our eyes um i mean as i said with this last earning season of 2020 hell of a year but we'll try eulogize eulogize the year as yet i will take it easy for now um but it's a good one so i wanted to just do a quick update myself and the nice we're gonna try to do something nice and quick i mean it's the last time people have heard us we've had a whole lot of things happen but what what what

what has anything you want to catch up with Danai so many people have told me so many things exactly wow when the

next season coming out no I don't I don't know I don't know what happens it's like I'm sure there are things

I wrote down yeah always something always something we'll never really we'll never know exactly in the moment right but

somebody listens for the first time what the hell are these guys doing they're so confused we're not usually well we might actually usually be this confused we're talking

but no I think maybe the biggest thing is the or have we recorded since that we've recorded since because we even spoke about tropical the last time that's true that's true that's true that's true which funny i mentioned that thing this um recently i don't know where i mentioned it i don't think it was on twitter tropical's numbers we're going to get into that eventually. But something we said about their reporting. Ah, the date. Was indicative of something, the date of the reporting.

Yeah, yeah, yeah. They fully chose to be eligible for reporting in this last earnings season. Correct. They could have just chosen a couple of days later and said, okay, I guess we won't report it. But they said, hey, we're going to report these numbers. Correct. Tell the people, because I'm sure people are confused.

Tell them what you're talking about all right so tropic um when they're listed if they're listed within a certain if they were listing within a certain period of time then they would have to they'll be eligible they have to report required required to yes that's a better word they're required to report the numbers within that quarter so if if you're listed before September 30th, then you have to report numbers for that period of time. Correct. So it's a listing.

They don't have to be on the market at that time. So they could have just delayed the process by a certain amount of time and then they'll be... But even one better, I could...

Was it one day out? I believe they listed on the last day of the month so they could have if they wanted to waited until the next day it was a business day too

so yeah yeah easily yeah so it says it said to me that they wanted to they wanted to release

his numbers yeah and nobody wants to release anything bad and they were not at that point you know what the numbers look like

exactly at the same time at 30 you know what except about 20 like exactly at same number 30 you know what except about 20 you have a good idea that boy things continue this way for the next 10 days all right boy by this time everything good yep in fact got one better these guys are new it's not a new business yeah these guys are seasoned doing the thing yeah they probably had okay i don't know. Let me just say, right.

So for anybody listening, this is not an investment show. We're not investment advisors, blah, blah, blah, right? Talking licensed investment advisor. However, they didn't, like they know what's coming. They planned them here, I'm sure. And they planned their year from before and Corona interrupt things, blah, blah, blah. So I'm sure they would have had some idea of maybe you know we have a good contract that maybe kicks in then or blah blah blah so it's not surprising for them to do it you're right the the thing that

should have stood out to a lot of people was when the how the rules work if you are at least if you are listed when your quarter ends you you have to report that quarter. Yeah. And they could have just waited one day and they would never have to report until... Next year. Because December quarter,

that was finished before. And it's February 20th, February 15th. Yeah. Around there. February 15th. Yeah. Valentine's Day before

they have to say anything. And I could be wrong, but I think it's a year end. Was it a year end? It could be a year end, yeah. Was it a year end was that you're hearing yeah was that your industry party yeah if you was there financial year and you know then they may have had even more reason they can yeah yep could have delayed even longer if they wanted to so they would they just it is yeah and they could have even went for the 60 day audited and not the thing there so they

didn't have to have to report no they they could have done whatever they wanted to because they weren't listed then so the requirement wasn't there yep so they could have technically in my mind yeah they could have waited until they wouldn't have had to report necessarily anything until still still february 14th because it would be their new financial year but yeah and it would only be their first quarter yeah and they wouldn't have to tell anybody what they actually did until the next year next year wow but them say yo we'll get them they chose to do it on that day yeah which said then to the people paying attention the other time that those are likely good results and then during that small time the the ipo price got it spiked it fell spike

go up to about 121 or 120 something even 130 some probably yeah i've seen it i've seen it going as high as it seemed like 126 am i just looking too closely could have been 126 i just noticed i just realized that we're back in In what? Oh God, don't say review Me having no laptop Because we're not at home this time That is true, that's right, thanks for inviting me too So we are recording this outside home I should say that if you hear the sound sounding wonky

That is because I'm the one screwing it up They were pretty too high It was 135 135? Yeah, so they tra they traded to 135 they went back down and they i'm not up now they back up they found back some volumes in the top so they're 1.2 around there 1.2 dollars is a 20 rise you know it's interesting you could have bought an IPO you know it's all you wanted then get a nice dip to buy into and then and get a rise again I even know we're recording this on the evening of the

15th in November might as well get into it actually just jump right into the tropical yeah so okay so what we're doing is to make make a safe time is this way right because we don't want to meander around so we're doing three for three um then i and i alternate and we put our top three things that we like from this earning season so far so you take tropical as your first sure yeah so they basically doubled their profit nice for this quarter nice and has them ending the year has them ending ending the year is it their best year ever is it you have to compare it to like their the prospectus to see yeah that's where that's the thing that came in the comment from the the comment about the laptop yeah that's where it came that came in. The comment about the laptop.

That's where it came from. But it's better than last year. 72 mil they made this year. Overall, that's a good rise for them. And on the quarter, it's from 13 mil to 26. It's a 100% increase. Continued performance at this and that night. So the year to the year.

Lovely. What else do you like? And they still have tax on the books at this time ah so yeah you know there's a little bit of of of not a little bit a lot because i would have only listed they listed for that short time the day yeah not the day yeah the day so you have pretty much a whole 25% tax hit to get rid of next year I think that's what they do

meaning a flat performance next year they use tax credits they didn't use it they didn't use it so they're noting they're up to

they had tax credits coming in so 1.9 so they didn't they didn't pay tax on the thing there. On the 24 mil. Okay. Or they did, but they also used credits.

Yeah, so it's canceled. So maybe on the cash side, they're good. They're less good, but. Randy, are you going to cash those statements? Ha ha. Crazy. While they're here. I'm pretending.

All right. What's mine? I almost feel like doing something like this because I haven't been. It's the midst of the early days. I haven't been paying attention to everything yet. So I'm wondering which one I should pick. Let's pick one. The revenue is all-time high for them.

I'll give you some other things. The highlights from the MD&E. Revenue was all-time high. $506 million. It's not much more than was all-time high 506 million two point it's not much it's not much more than last year 2.6 million um the tax credit did help them some degree to get this level of profitability because the 26 probably before tax would be 26 mil compared 24 mil compared to the 18 mil last year so 18 they paid 5 million that. If they paid the full tax rate on it, it would be good,

but, not this good, because they're taxing the credit, so they got some more, so 26 million, they got to. Oh, well,

I mean, I like it. As always, I like it from IPO. I like it from before IPO, when everybody was, you know, they're coming,

they're manchaca. From a long time. Right? And, they're here you know they're coming them and chocka right and they're here now they're 120 as we speak 20% higher but not even a quarter really since and now they're what's their PE ratio at this level

$1.20 with these results. $1.20 flat. $1.20 times. And they have some I don't know it depends on how the tax credits are it's just that business improves for them right yeah because

there's no real I don't see any line in the financial that stands out to me as well this is the reason why this expense line does chop the revenue is way higher from this one thing it just seems like one is two percent higher revenue than last time finance costs will follow i mean they

don't have the ipo cost to pay for anymore but the cost of good souls dropped but that should continue for the quarter that's it yeah that should continue cause a good souls drop for the quarter they did do what the furlough some of the people you know and then they brought them back that is I said that they're bringing them back because they're busy We picked up pick up back and next year they'll have that they'll have Yes, this area stay again coming from next year next year the completion Are doing a lease not a long list of leases which was a big gripe for some people

remember that on twitter oh that usual oh my god they don't we don't own the building okay okay

welcome to real real life interesting that came up in a girl actually and i i i remember saying to the guy just a girl

it wasn't a girl it was one of the subscriber sessions we're just talking and i i i remember saying to the guy just a girl he wasn't a girl it was one of the subscriber sessions we're just talking and i was saying in pulse's case i'll use pulse as my first one in pulse's case kingsley cooper the chairman of pulse actually owns a lot of real estate that pulse investments uses right and so there's some lease arrangements and i believe there was some talk a little while back about paul's possibly taking either full estate or all of the real estate so buying it from him and somebody's saying you know that feel like it kind of feel like a thief and i'm so i said to them say i i hear that all the time but think about it

if you have your land and you have your business, let's say you have a shop on the corner and you also have your house and your shop on the corner decide to expand and it need a piece of land about the size of your house. Are you just going to give the shop your house? Well, no. I say just because it's you. So, I mean, one, I don't own all of the land that that is

i own whatever i own piece of whatever piece pulse on and kingsley we assume kingsley kings his company owns the rest why should he give it to me right the different thing public ownership at that point because it's our company and his land exactly but people because him owner piece him was that's him saying all right let me just run say he owns 40 of us right would you would you be okay giving up 60 of the land at no cost yeah absolutely not right yeah no and people get it when you put it that way and then start oh yeah but you know it is we think of things from the name so i don't think we don't we think pulse kingsley we don't think pulse investments versus kingsley coop two different people yep right differently body

corporate versus the actual person and they're two they interact that way and we own part of one thing that he also owns a part of and him privately have something when someone else acts i ask him say okay you're also a shareholder pulse why don't you give pulse your house instead for free because you're you're not you'd have as many shares as him so you're not as big as your holder but you are a shareholder you're a partial shareholder so you don't just give them your house then. Why should he give his house for free? Oh, you start,

then they start seeing it. People, as I said, I've said that people need to think they realize they do own these companies. It's not,

it's not shares and this floating thing in the sky that they don't actually exist and can make money off of by bookups. No,

you actually own these companies. Yeah, man. It's real life things. You know, go to a European place and see a companies. Yeah man it's real life things. You know you're a place this is. Yeah yeah I said to the second 5k of us say yo you can't cost the wicked bank owner them because you are one

that's exactly how it goes you are only one profits but yes we'll go see it first when NCB if NCB send a report and making losses and whatever you invest and you check how much the price drops since the last season you lose half of your money you're vexed you know yeah so when you when you're on twitter liking and laughing with certain tweets but what are these these companies only want

profit like that's you that's you right so exactly literally it's like that you know that is actually financial illiteracy it's not realizing it's like real illiteracy the book is there but you don't realize that the book tells you how to fix the computer over there and so because you don't know you got somebody else and you pay them

too much money to fix your computer when the book was there to show you that's real literacy understanding Kingsley Cooper and kingsley cooper's property different from pulse investment and pulse investment property yep yeah and and just because you know the two of them in your mind together don't mean that they're together and you can't expect him to give you his land any more than you could expect expect him to give you you to give them your land for free yeah man it has to there are advantages to it but the rules are still there yeah it's just a different thing that is real financial literacy and then learning how you can apply that

in your life uh pieces of that right but since i said i'm picking pulse as as my first one then um since I said I'm picking Pulse as my first one then, Pulse is my quiet pandemic stock number. Oh, wow. Oh, the performance is there. Oh my lord. The market is down. Pulse is a huge

reason why I did not know. Because Pulse tricked them. If you look on all of the stocks on the market year to date, when you look on all of the stocks on the market year to date, when you look at the drop that all of them have, all of them drop in March, including Pulse. Yep.

Just Pulse's drop was planned. It's the same drop, you know. It was planned. It was well planned. It's a beautiful, beautiful, beautiful drop that is not actually a drop because that is a four a four to one split split yeah so they started the year let me start the year at somewhere in the six dollar reach i think

yeah man that's not the year 650. that's that right let me check just about it should be by the way guys as i was saying earlier i wasn't clear enough with it if you guys are hearing a lot of noise in the background it's because we are recording this at the blue maho cafe so they were kind enough to allow us their space to record and i was happy to be here because it is not my yard which I'm truly sick and tired of and I suspect I'm not the only one so I'm not I'm not going off the exact price I mean the start the year six January 2nd was $6.50 so I just I'm being lazy I'm not looking up what it was December 31st and as I know said that I feel bad so I can't do it so December 31st end of as I now said that I feel bad, so I can't do it. So December 31st,

end of the year at $6 flat. Nice. What a wonderful thing. So it end of the year at $6 flat. And it is currently at $4.70. That is beautiful because in between those two points, it's split in four.

So when I say it start the year at $6 flat, I really mean that it start the at one dollar fifty cents and it is currently worth four dollars and seventy cents so why i call it my pandemic stuff it's because it has three x my god my god yeah 313 percent right if you take out your original money. It means on top of my original money. I have made 213% year to date. And a year without done yet. Damn.

Yeah. It's been a rough year. And more good news. And it's just good news behind good news. Yeah. We can do an entire episode on pulse alone but pulse is this pulse investments that's another thing that people mix up the name right pulse we all know pulse you come on an entertainment report with a model m is a component of all

the models right that's what they're modeling yep actually they tell you what they are the pulse investments yes they invest in a bunch of different assets and businesses and they have continued to do that and they have promised to do a lot of things soon and then corona got in the way of that they got some of them done they did the stock split they um consistently returned profits and their all their investments seem to be going well indeed yeah quite well yeah they also have real estate investments they use the real estate as rentals. They get a lot of rental income from the real estate, including the hotel and pulse rooms. Corona hit, so we know tourism tech hit. Then pivot and go into making it into working space. I've actually used one.

Oh yeah, how was that one? It was cool. It was a room. It was a room. It had a nice bathroom, obviously, because it was a room there's a room he had he had a nice bathroom obviously because there's a room yeah but just a space and his income his income during the time

so the man them not short so smart not short and on a revenue right and diversified revenue so well

some from real estate actually using it others from the real estate gain then others from investments then others from the modeling and the then others from investments then others from um the modeling and the tv and endorsement blah blah blah so continuity of income i i can't tell you around covid safe i'd have to say it because we're in november now yes so i mean i let the the

share price speak for itself and the the fact is, the exciting things that I'm expecting from them, they still don't do yet. So, at this point, I'm still holding a holding pattern still, but I'm in a holding pattern up to 100%

and it has nice volatility. Indeed. Yeah. They really did well with the split still because remember Pulse before the first split? Mm-hmm. Wait, was the split canceled or something like that? It never happened? No, Pulse had their split.

Had the split. When? They had a split that was a split proposition from I think 2016 or 17 or 18, something like that that was canceled. Canceled, yeah. That's all I know. And then they had a new one

this year. They came back and they went back. Remember Pulse in 2017 when I just looked at the market Pulse wasn't trading much. Yeah.

Yeah. I look at it now. I get Pulse all below a dollar them times brother. You were advocating for below a dollar here we are now.

Yeah, but I never kept it all the time. I couldn't afford to. If I had done if I kept it all the time I wouldn't be it all that time. I couldn't afford to. If I had done, if I kept it all that time, I wouldn't be here talking to you. I'd still be working. But yeah, pulse, I love it. And I love the fact that it now remains so nice and stable.

So exciting. And the thing that I'm going to do exciting, I'm expecting two exciting things from them. Two, two and a half, three. I said three two and a half is business things that i expect them to do that will work well for them and they're in real estate so they always have that long-term view that longer-term view too and that i don't know what to say other than, yo, my safety. My safety is like everywhere with a road, kind of hot. So your safe place at home is the place you stay all the time. And your safe place at home is just a tripling value.

And you just kind of work with it. And then the exciting thing you're expecting to do to your home, you're not doing it yet. You have not known. So, I mean, I like it and I'm looking for an exciting announcement from them soon and maybe another one behind that.

And of course, I think I like that the chairman seems to care about his share price. Indeed, indeed. Yeah, yeah. Very much so. Yeah, I think I have two CEOs. His daughter is one, Safi, and I don't remember the name.

Romy, I'm screwing up on the name. But he have two CEOs. His daughter is one, Safi, and I don't remember the name. I'm screwing up on the name. But he has two CEOs. I think that they handle one. One handle property, the other one handle the other business side of things. And both halves doing well. And development look like it's set to go through quickly and coming to the market.

They have said that they're coming to the market. They got the permission to come to the market they have said that they're coming to the market they got the permission to come to the market for a couple of investments further investments and they have strong results so at this point I'm waiting on my

my brick mass I'm waiting on my brick mass right in time yeah and the chairman moves his shares around which tells me that he understands

the value of the market and he cares about his share price which to me is important indeed because you know most you don't want to be along for the market and he cares about his share price which to me is important indeed because you know most you don't be along for the ride and as far as them concerning most most companies as far as i'm aware yep yeah they don't they even know not about the share price they don't care it doesn't matter to them salary dividends good exactly all right so

i got you say you like tropical i Pulse What's the next one? All time favorite You know Everybody knows I love this one Cygnus Cygnus Oh god

Oh god Cygnus Every finance department Just go yes Talk about Cygnus Yes So On the back of

Two quarters ago Cygnus had a loss You I'm sure we've spoken about it Where If you really look at it it wasn't really all right yeah i mean it was a loss it's just it's a loss with with very clear caveats and then the very next quarter is like hey guys look at i think the sixth the thing there the

profit because the last the end of year for, the year before, it wasn't so hot. But then they come with a strong end of the year and it was knocked out of the park. I think there was six times or something like that. The profit for that time. And then now, they drop another report. And you can scroll in for the report. There it is. Yeah, they just dropped their their um yeah for is it q1 q1 results

and nothing but niceness no man is our q3 third quarter results ended september 30th no man q1 september 30th oh sorry three months so far yeah it is our q1 sorry they're 51% the profit for this time is 51% and what I love about Cygnus is it's hard to dispute where things coming from

like it's clear cut as we always say it's a simple company best MDNA yeah I don't give a damn about MDNAs

like I don't I don't waste my time reading them it's the last thing I read yes but theirs is actually useful yeah

they write an MDNA like it's like it like it's supposed to be written yeah let me explain what is happening here and the last is the last that report with the last um remember the reactions to it yeah and if you if it was real let's look at the report everything's laid out as yo guys we're fine that's when i started to question certain things now right because the loss came out and i am always joke i said i don't read the mdna because i don't you know my thing i check the numbers i go through numbers i make my own

assumptions yes and i think that's also i like sicknesses mdna because i make my assumptions and then when i'm reading the mdna last I'm seeing them confirming The things that I was assuming Right Then when I hear the reaction To the last loss I'm like okay Yo I'm not sure If the people are talking

To know what the hell They're doing Because I thought They were at least Just reading the MDNA Because if you read MDNA You know what it is The man is all

Them all but say Yo It not real It's like yo Everything good The money I just won Something changed Trust me and then everything moreover i'm not having enough money for the things i'm at though you see me so

right now i think and the share price was low when i was there it's low this thing got almost back did it got back to 11 15 and i was i pick up some and made sure yes crazy man it's still it's still not reaching i don't it don't even touch 20 it's still it's still not reaching I don't it don't it don't even touch 20 it's still below 20 if you look at the thing

that um the numbers recent numbers for the last three quarters probably one before it probably last four

if you look at the interest income that start coming in investments pulling signals as a complicated business model. Crazy.

Very complicated. Somehow I get, I managed to explain it to people that grow up very clearly and they get it and they're all beginners. And if you know how they make money, that MD&E will make it very clear.

If you know how they make money, that MD&E will make it very clear that yo, brother, it's like I make 3% 3.2% Offer Every Dollar

In my bank account That I put out there And I have Enough deals That I don't have Enough money In my bank account And I just took

A lot of money From you guys The other day And I don't have Most of that either Except for this Little piece That I took back

Because of that Same loss And I remember To tell you about that loss Already it's changing the terms. My business don't get, UCL is nothing to me really. My business is set up to work in trouble.

And all that money that you just give me, I don't have no night. And I make 3% of everything off the bottom. Just, just, just straight up not doing anything. Right? And I don't have that money anymore. Work out 3% of that money and look how much money I just reported last

and look at the difference between those two and see whether or not you want to buy a different stock. It's so clear. It's not even worth a conversation to me. It's just, it's so clear. Trust me. The only way it's not clear is if you're hungry

and you're truly into short-term investing, which very few people ever tell me that they're truly into short-term investing which very few people ever tell me that they're actually into short-term investing everybody's always telling me they're into long-term investing if you're into long-term investing you should not be even talking about signals you should be hoping that you're not talking about it so that you just buy more so nobody else is not selling the price up don't buy more if you're into shorter term investing you then it becomes a harder conversation

a different conversation that very few people yeah so it's not but the things that people say oh like you want like it's good

if you turn anything over here and with the APO on the rise APO coming on the corner right now people talk about APO like it's IPO

I think it's just because it sounds similar and people are happy about IPO they're not talk about APO like it's IPO. I think it's just because it sounds similar. And people are always happy about IPO. It's funny because IPO very likely depends on how things are set up to make money. APO, no. APOs are not really for you to make money right now. APOs usually end

up in you losing money early out. I think Sigma has a good plan for that with the right issue. Basically, shareholders get first pick pretty much if you we said that on this show we did we did we did if i have the time let me give myself work a little bit of work i'm you guys are not hearing me you're hearing the clip of us saying the right issue is apo and i mean they want to get dry powder so they're going to do it it makes sense though um

but you know which is why the api does make sense like so api yeah because you don't have to worry about doing that i can still reserve shares for everybody you're going to get water done but at least you get a reserve yeah yeah they basically if you're a show if own 20 of signals then when you apply you can apply for 20 of the api and it's it's yours if you apply for this then that's when other people can get so basically people who own shares have rights to the shares basically like it's very much like yeah but i'm sure there'll be more and that they may not participate themselves also because they don't hold that big they don't have that big i said they mean the group itself yeah

that's that's we could have also an episode which probably that episode on signals um but the the yeah that is a rights issue ish ap need more money than that which is a funny thing which can lead to another finish our signals finish our signals but yeah as I said there is really

I don't find much to say when it's so easy to say you know like it's not anything really complicated don't assume that it's the same for everybody else you are right

yeah so I mean if I can break it down for people I'm not going to break it down too much I'm just saying that slow and steady finance growth people who want money they won't feel good about it but they don't want any risk or you don't really want a risk yeah i mean go talk to your licensed

investment advisor about signals and neither of us are licensed investment advisors please remember that and this is not investment advice however it is a blessing thank China that you are able to get Cygnus right now below $20 you will look back at that in the future and you will be very happy and but last year before the thing there before this whole thing was bothering everybody the pandemic Cygnus was full steam ahead going yeah i think that is the 27th memory serving correctly yeah and it was much smaller then and it is now and their yeah and their their business i said the same sort of thing about ncb but ncb can have ups and downs internally as the machine grows cygnus is like i don't want to say signus is like is like the the guy riding the elephant so the elephant might have growing pains the guy riding the elephant does not the guy in elephant jump to a bigger elephant and all guy you say guys last time you saw me i was

you remember that elephant how big it was look how big this elephant is. And every time him cut and come back, he's a bigger elephant. And you're like, yeah, but I don't know. You know, Corona might be. Do you see how big this elephant is? This elephant steps 3% every time. But I said that three times. I need to be careful. Guys, as an example, I don't actually know because I don't have the numbers in front of me.

It's just a random example. All right. If they happen to have some 3.2% off top that is straight luck on my part good god i can see something being 3.2 percent and you're getting the same you know yeah everybody's saying but you know him no the signals people tell him nobody has told me anything trust me nobody in my company talks to me anyway uh them them believing it at hard numbers i mean eps 0.56 cents they're reporting us dollars yes they do yes they do so 0.56 of a cent last year first quarter 0.23 almost half in one quarter do you see how big this elephant is Yo three months ago

It was the hugest elephant you ever saw And it is almost 50% bigger Right now Back we're looking at 0.64 of a US cent Do I have that right In terms of EPS? For what?

12 months. The TTM? Yeah. 64? Yeah, 0.64. Wow. And remember they have a loss in one quarter

that we fully expect them to so when that comes out of the EPS and goes down in the profit that's on their year end that is their year end Q3 oh that's beautiful that's midland next year when corona done

Bill Gates freeway. Oh my God. But seriously, it really is then. And it'll be hopefully the first, it will be the first near prepping for back to school post-Corona.

Tourism restart properly then. Maybe they're up to 60 real occupancy then if not higher and we know them touch the tourism industry we know half the money in jamaica jamaica would be much harder i think two or three deals will go through between them you are gonna be amazed by how big the elephant is then wow it's a 0.64 of a cent currently at 145 that works out at pe uh 19 times better than what was the one that was before that tropical yeah and i think they might be able personally i think they can do better than tropical growth in the in time yeah I fully think so

yeah Tropical is at the top of its industry Cygnus is working between the spaces of our industry growing and growing crazy

so huge alright you got Cygnus Key I think I mentioned that Key yeah I got that so Key

Key Key my other Corona stock Jaja City Key Key where's Key now I didn't even look ataja City where's Key now I didn't even look at it properly where's Key and them drop results though

hold on let me speak am I talking to you while owning a profitable company I feel like Tyrone big up Tyrone well big up Tyrone's Q1

I don't I think he's back in in the heat I think but Tyrone always have plans big up Tyrone um Kido currently

ain't quote unquote profitable not profitable sir profitable no it's not real profit it's not real profit where did he come from? And they did it in Q3, third quarter.

That's so strange. At the AGM, I remember the chairman saying that he said to his team when they were buying Key that they're on a kind of 90-day turnaround plan. But then I know some discrepancies in between like when we just started talking about key first ish in the in the press the late last year maybe and then when they're in the last document they spoke about when when they took control when they bought it the date that's in the financials well when they when they bought key. There's also differences later than I speak. I think it's almost March.

I could be wrong, but it could be March, I think it says. Right? Which is a little iffy for me. And then I also counted another date because that kind of 90-day thing was, if there's a 90-day, you can count. My point is, I'm looking here and I'm saying 90 days. I mean, 90 days in a quarter roughly, right?

And this is third quarter in September. So July, August, September. days i mean 90 days in a quarter roughly right and this is third quarter in the september so july august september march them kind of by april may march but march would have been mid quarter for them my point is during that time when they bought and then really take control and see the right kind of changes operational changes start a certain level because i had a lot of management changes yeah well you remember that agm yeah to a certain level because they had a lot of management changes. Well, you remember that AGM? Yeah. And beat them up.

They had a nice, a good AGM. A nice, interactive AGM, yeah. Yeah. Tech AGM. I respect that. And I respect the reality of the fact that their chairman

who was very front and center in the AGM is also obviously GK's guy, which means GK. I like seeing that giant is not being lost in that sort of thing wow

this is why we like when companies make a loss because can you ever make a profit can you make a profit once once yeah

twice no yeah right because that 90 the point I mentioned all this was about the 90 days and how they

managed to to really pull it together yeah pull it together within that time and what what what what a time

I mean I'm not going to give them all the kudos yet it's good to see it's not much profit it's 5 million but it's profit profit

and it's thing there you look at the internet premiums written compared to last year you look at the gross premiums written compared to the same period last year. Yeah. Look at the gross.

That's business. Crazy. Right? Is it? To be sure. It's just that they segment it in terms of, I mean, yes,

it is, but I was just looking at the breakdown the note five so people you're hearing me you're hearing me this is the first time i'm looking properly at key all i did was look at the glance at the um the pnl somebody told me so they're profitable and and i'm actually taking a look at this so wow and we'd have to dig into this yes this is good underwriting expenses on the motor line is 800 million versus 44.9 million on the non-motor right

it was 400 and did I have that right it was 480 million same period last year versus 800.3 180 million same period last year versus 800.3 million now. What I tell you say.

I'm hoping two things. One, they're going heavily on the mountain now. Or two, there's still some expenses in there. I'm hoping. Some early underwriting expenses. As you know, they move over to a new reinsurer they can see the reinsurance he did then exactly and they and they they're benefiting from

scale so they're benefiting from scale and there's a bigger chart and this is me this is wishful thinking but if there's a chart still in that 800 million it could mean that later in the year or next year same business or more business but a lower expense cost right because of one-offs yeah this is why it sounds like when you analyze a company for real guys this is why you're not surprised when you're enjoying the fruits of what percentage is this key key start of the year where i'm almost afraid to look because them also don't move yet key started the year at three dollars and twenty cents around there and they are currently at eight dollars and ten cents wow almost tripled yeah wow wow wow wow wow Almost triple there 150%

On top of your money Of course If you're practical If you go hard I mean this thing Hit the height of $10 once When the noise

Was happening It hit $10 Fell all the way But down to below $6 Almost $5 If memory serves me correctly Yeah $5.20 That's around Mid-year Yeah And I made way back down to below six dollars almost five dollars let me serve me five yeah five dollar

twenty cents that's around the mid-year yeah and i made you understand after that mid end of june yes end of june it went as low as four dollars and eleven cents and i moved back to the three two yeah man so you could have if you people if it's serious yeah is it? Yeah. Anybody always talking about, boy, you know, I didn't want to buy XYZ, but I miss it. It never miss. There's never, there's never miss. There's always another business day coming

and the market is over. There's always opportunity there. You could have missed this year at the start of the year. Middle of the year, there's a chance to buy it at 4.11 again. After that, there's a whole heap of chances

to buy it below $5. It is now at $8. And it could drop again i probably gonna fly again depending on what your timeline is right but i mean i still i still really really really likey um and i'm still don't know them maybe two out of my list i've done maybe two or two two three of the things that i expect them to do that are waiting on them to do so then they've really reached already at all with them going right um and i'm already profitable and the year the year not done and i'm talking about the money they said they need to raise it exactly and grace still have too many insurance companies, in my opinion. GKFG is a very interesting company.

Ooh, Saki, love it. Yeah, man, another 150%. And it's at its low point. I didn't even know it was down to $8. $8 might look good in a little bit. Rights issue date don't drop yet, huh, brother? Not yet. And it just dropped these results when? Friday?

Yep. Oh, so who knows? Monday morning we could hear something nice yep i got something very soon i figure monday morning how the rule go seven days then 14 days or 14 days depending on what the thing is two hours two weeks to get noise a week seven clear days huh so i'm gonna do something monday morning seven clear days you go to a wednesday of the other week what what this month ends on a friday or wednesday or midweek hmm november wow november ends on a monday you could drop something on the 16th open it on the 30th or on the first close it the second week

of december close it like the 11th or the 12th you know all kinds of things and you don't even need to go that precise because the truth is it don't matter you don't you like you unless you're that sharp your money doesn't require this level of precision key great yeah i like i like his answer that it made me i didn't have to argue whether or not it's good it's just like he made money yeah yeah but i mean i'd argue before with that and you met money off it wasn't good enough profit isn't the proof for everybody but profit is nearly proof that i use look at this the business itself is turning around competent management to what's the name of the lady that runs it she was on the stream i don't know i want to remember her name because she's she she was impressive to me she was actually impressive yeah quite impressive to me

what you know what i wondered were they in the same building i thought they were in the same building when they were separated yeah i think they were separate like like a different conference room oh one sec guys if you just heard our chop is because we stopped um you're on air company key yes and i was talking about key how i liked it and I wanted to find the name of the lady who runs it. Yeah, man, I'm a company industry, you know, brother. They're coming for the industry. But again, they know the thing. It's not like it's a new set of people.

They brought in strong management. Tamara Glaves-Husey is the GM there and Andrew Dunkley's operations Stuart Andrade is CFO and Carlin Isaacs handles reinsurance and non-mortar Wow all right so they know them thing I give me your last one then I know. My last one, okay. Make it easy. Jamty. Oh, alright. What about Jamty you like? Jamty, alright. QDB. Mm-hmm.

You know what QDB looks like for Jamty. Like, before Jamty, before you're even ready for the results, you know what QDB looks like. And QDB releases the results before Jamty. So you understand where it is. Sometimes. No, this time. This time I'm talking. Okay. This is the last results. QDB releases before Jamty. the buy outside and if you buy release the results before jumpy so you understand sometimes no this time this time okay but this last results um you're gonna release for jumpy so you know you could see where the effect it would have on jumpy become for this quarter they did have a small gain

on the portfolio yeah eight million compared to 300 million last year couldn't be last year 8 million compared to 300 million last year. Couldn't beat last year. They're not going to beat. Couldn't beat last year. I think my hope along with some other people was that the thing there, the property, property sale would actually pull somewhere. But if you look at the thing there,

if you actually looked at the expense line for the property, you know that how much actually going to the bottom line versus for how much you're actually being sold you need to basically sell all of them to have a good number hitting the bottom line and the only so they before they said they were in talks with how much out of the out of the 18 units or so 18 so they had their in talk they were in talks with 16 people and they had agreements for sale to be signed And they said this cause will come in Out of those people only 6 of them signed

So only 6 of them could be written as revenue So Since then they said basically next year We have more revenue coming But if you look at the company beyond that Like let's look at the T-Sale That's just 1 arm of the money The business was killing it yeah everything

else in jamshed is going great great yeah so if you look at how much thing there the local business it didn't grow that much which isn't bad When you look at the fact that The export business That's what I was checking Huge Before the numbers came out I was checking that And I was like Wait, wait, wait

Couple hints out there man Remember my boy That was calling For the lockdown to end Long Before The man all beat Trump Him ask for the lockdown to end

Early Him buy that And I was like I mean he's not wrong But read the room. But yo, he was in a different room. Yeah, because he was right. You're looking at his property like, ah, yeah.

But then they did, they have had a lot of talking in the media. So they weren't really shy about telling me what they were doing. You could see like a lot of they renegotiated the deal they had

with the thing there with the supplier abroad, Publix, which I think some people are mentioning Publix a lot in terms of junkies. But they renegotiated some things with that

so they were taking more product. I think Iberia is the name. So they're pulling more product to the US. You could see that almost obvious. i was checking and then there's a newspaper article for the people who think that them can do the finance

stuff there's a newspaper article where they were talking about the fact that they had so much work and this is in the middle of corona that's so much work that they had to put in a new shift and they're hiring and they're putting a new shift on the line and it's the manufacturing line that right yeah so imagine in the middle of corona you have so much work that you have to be hiring new people and running new ships entire ships at your factory and your local sales aren't necessarily flying they're mostly flat so where all this work going the most overseas and you could see they also launched a new line new line of new entities exotic line or something like that yeah and reports so far the market eating that yes that's heavy export because the very very real business in the in the export business is

the caribbean dream because Tetley is in other markets. In America, heavy without Jamtee's need. So, you know, it's Caribbean dream. It's their line. So, to me, the margins on that would likely be better. And they launched a new product and they said it's killing it abroad. So, to me, it was almost obvious that the rest of the business just looked great. So, Qdebuyer was what I was looking to say.

Qdebuyer and the property sales looked at them and said and say oh where the real money they come from here exactly and the property sales those who have sense know that property sales is public information in Jamaica and they know where the property is you just have to go look and see if it's sold and if they sell it exactly how much it sells for is on the documents. There's a tidbit. There's a gem. There's a gem for you. So you can predict. In other words, you predicted the whole line of the company.

Like we know. So you know what the numbers look like. The only questionable part is the QWI hit. And we know that ahead of time. We didn't have. And we also know it with the numbers. Because they dropped it before. And them to have more coming, they approved

the... Employee share plan? Employee share... That was a hint, but they also approved the split. No, they haven't. They're going to do the meeting now. When?

This week, Tuesday. Go to everyminkle.com slash calendar. Wait, that's in my calendar then? Yes you check everyminkle calendar you know that it shows you that what they have happening and it's this week yeah so tuesday is when the the meeting the egm happens for the split and they have told us when the split happening also we are what did we think it's to approve a split on nove November 30th So in other words

We're recording this on Sunday So day after tomorrow The shareholders are going to be asked To approve a split Among other things They're going to be asked to approve a split For November 30th I don't expect shareholders

To say no I for one will not be saying no And I suspect the leading shareholders I feel like they're going to say yes. I feel so too, for some reason. Since they're the ones proposing it. And it's a three to one split. It's another company where not only does the top man, but the board and everybody, they seem very much to care about their stock price as as they they care about equities they look at the market heavily they're very much in the market so

yep yep it turns out for the for the for their own stock price to be cared about so yeah yep these guys care about their share price and then they move them shares it would seem at least that they move the shares around but i know definitely i mean I mean, one of them is John Jackson, who is, I mean. Very much tied to the O.G. Yeah, O.G. in this industry. Tied to QWI, which is their arm. I'm with you there. I'd half steal it with you and say I'm with you at Jamty.

Obviously, we're both like that company, but I won't take it as mine. But day after tomorrow. Well, people hearing this, probably hearing this Wednesday, are knowing me Thursday. If you're hearing this Thursday, hearing this probably hearing this Wednesday are knowing me Thursday if you're hearing this Thursday you're probably hearing this after it's been approved and yeah

if you hear this anytime between November 18th and 20th you might see the thing jumping already right yeah because I suspect it's going to jump right up at least until the 30th yeah

so jam tea and the business itself as you're saying is fairly is fairly valued yeah the dragging on it is the QWI

which if you look at I think there might be a closer turn in the corner and look at the thing there look at the fact that last year was bad for them so they only

we compared that one the results now we compared the fact that last year was bad for them so they only cut we compared that one the results now to compare the eight million to the big 300 million imagine next year when we're comparing the losses and we'll get reached back around this time next year we're gonna be saying we're gonna be saying oh we're comparing whatever the gain is right now we gain our loss whatever it is at the time to oh the they're looking at 8 million last year. Exactly. Exactly. Exactly. That's the beauty of the market and that lag that we have.

Yep. And there's even more leading indicators for them. They're such an easy company to track and prove. Very easy. Just watch. Yeah. Them and JC. What should I pick as my company?

But no, I will instead pick... Should I pick something controversial? I should pick Fontana, but no i will instead pick should i pick something controversial i should pick fontana but i won't i was going to leave it can i talk about it later i think i went really properly into fontana and i saw good things yeah you know what i'll pick jamaica producers jamaica producers a company i gather that just released really good results i haven't gone through them properly yet either but the results themselves also look good um and i am not surprised by where they are or where they are where i expect them to go um it would seem that they're

not a company that has not made real profit the profit profit they made seems to be one-off. They don't have the money? No, they would have had the money. Oh, wow. It's not just about that. It seems that the money that we're calling profit here is not necessarily real profit because it's impacted heavily by them selling a stake in their subsidiary

to an unnamed buyer. So, gain on sale? Yeah. But yeah, bar so gain on sale yeah but yeah so the gain the gain on disposal of a source it is what heavily impacted these numbers they made 1.7 billion like when anybody else else made a game when i do it when them do it it makes sense makes sense right so so we're looking at holy crap i never looked under the 39 they call it 39 weeks that's

their one that's their first quarter yeah yeah no it was 39 weeks i hate that they do it this way 39 weeks oh yeah right oh it's nine last there. That's almost 52 weeks. That's Q3. Yes, that's what it is. So, them nine-month results. So, the year almost done and they're up on the quarter billion and Corona is over. No. It's not over, guys. Stay safe.

Wash your hands. Yada, yada. You've heard it all before. But it's not over. However, they are up pretty well and they've sold it i know they have money in hand what's why would they sell it the people if they keep a stake too if they they'll give it you know they're done with it done with it yeah they kept us they made sure it tells that they kept a stake safe through Kingston Wars. And it's an interesting

line. They told it exactly about they used the accounting term for how they're going to recognize it. Yeah. So one could say, oh, you know, we just tell them so they know what they're looking for. Or something there, you know.

I respect those guys. I respect that family so much. And I also respect them because I see how what they do works. You see, when they use the accounting term in the MD&ER and the notice, the whole of the industry, man, them repeat the accounting term.

Of course. They don't think about the what or the why. They just repeat the term. I got to know, I got to read everything. Every news article they say. Every recommendation report they say. Just repeat the term I'm going to read everything Every news article Every Recommendation report Oh yeah From Associates

Whatever Yeah Exactly that And then It would seem that they did this Because it would You know what I like this

JP is my pick Only because Mailpack is my pick That's my pick I'll leave it there Yeah You have anything you want to tell the people That's my pick I'll leave it there Yeah You have anything You want to tell the people

Best of money today Like really and truly Took a good week Look at the results Coming in And there's a lot of money To be made right now Oh yeah man

A lot of money Yeah So going into next year And even for this End of year A lot of things on the table Yeah So

Enjoy it Go forth and make the gains yeah the money is there um i just had a really quick one for you because we know you haven't heard from us in a while and you'll hear more don't worry the earning season isn't over completely i will we'll be touching it back but i want you to hear from us early so look out for it and let's see how these picks look in what do you think a quarter quarter? Two quarters? Yeah, two quarters probably The longest one might be No, signals can make one jump and everybody jump Well, let's see how it goes. Earnings season

Mweni pa mweni ralje seyev Bega 2000 alot aet Ye che sa ebe pou eze 250 dalat