Limitless

Last year we said NCB was heading to $30. This year it is up 92% and it has passed SCOTIA to become the biggest company on the Jamaica Stock Exchange. Dr. Matthew Preston and Dr. Thaon Simms break down what actually changed, why Michael Lee Chin still owes roughly $200 million US, and the September 2026 and December 2027 deadlines that could send the stock right back down.

Plus the SCOTIA going private connection, a surprising new name in the top 10 shareholders, and the one line Lee Chin said that stopped the panic cold.

Chapters:

00:00 If I Have To Sell The Bank I Will
01:35 NCB Is Now the Biggest Company on the JSE
04:20 Why the Stock Fell: The $65 APO
09:14 The $300 Million Bond Backed by NCB Shares
10:46 The $94 Million December Deadline
14:58 The Thoma Sale and What It Hides in the PE
21:14 The SCOTIA Going Private Connection
33:35 A New Name Enters NCB's Top 10
37:20 $2 Million Seized at Piarco Airport
39:05 The 2027 Deadlines That Could Repeat History
55:00 What Lee Chin's Stake Is Actually Worth
1:07:04 If NCB and SCOTIA Both Delist

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You applied for the IPO, got your allotment, then watched the stock sink below the offer price. You're not alone. Dr. Matthew Preston and Dr. Thaon Simms pull real numbers on the last 10 JSE listings and find most left investors underwater. From WIPT's 1824% gain that isn't what it looks like, to Quantus Capital's shaky first week, plus Woodcats, R.A. Williams and Image Plus, they break down who really gets your IPO money and the four questions to ask before the next prospectus drops.

Chapters:
00:00 Why Your IPO Allotment Never Popped
04:14 What an IPO Actually Is
09:31 New Shares vs Insiders Cashing Out
13:56 The 4 Questions to Ask Before Any IPO
15:55 The Last 10 JSE IPOs Scoreboard
18:07 Qu antus Capital: Heading Below IPO Price?
23:17 Woodcats at 56 Cents: Time to Buy?
25:56 R.A. Williams: From $1.00 to 34 Cents
29:28 Image Plus: Acquisitions, Debt and the Big Move
58:50 One Great Studio: How AI Broke Their Biggest Bet
1:09:51 One on One: The AI Education Play
1:16:30 Regency Petroleum and How to Gauge IPO Demand

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What happens when a $3.77 billion accounting write off wipes out nearly thirty years of profit? Dr. Matthew Preston and Dr. Thaon Simms dig into the Derrimon Trading suspension, breaking down the ERP system failure, the inventory losses, and the leadership change nobody saw coming. From Sampars supermarkets to the Draxhall land sale, they map out how Derrimon plans to survive, and whether the stock is worth buying when trading resumes.

Chapters:
00:00 Introduction and Why This Episode Matters
02:04 What Derrimon Trading Actually Does
05:02 Woodcats CFF and the Other Subsidiaries
12:53 Timeline of the Delayed Audit
19:02 Why the JSE Suspended Derrimon Shares
20:24 Inside the ERP System Failure
24:21 The 3.77 Billion Write Off Explained
28:35 28 Years of Retained Earnings Wiped Out
36:19 The 2021 APO and the Warning Investors Missed
44:52 The New York Supermarket Roof Collapse
47:00 Selling Assets to Pay Down Debt
1:00:11 Is Derrimon a Buy When Trading Resumes

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Six years ago, Emmanuel DaRosa walked away from running Jamaica's power grid to bet his own money on the sun. Now the ex JPS CEO is building SUNTERRA's $60 million Midnight Sun project, engineered to survive the exact kind of storm that just wiped out a rival solar farm. Dr. Matthew Preston and Dr. Thaon Simms dig into how DaRosa structured the deal, why Jamaica is falling behind its 2030 renewable energy target, and whether SUNTERRA could eventually list on the JSE.

Chapters:
00:00 Introduction
00:37 From Portugal To Canada: An Unlikely Path To Jamaica
05:14 The Secret Recruitment To Become JPS CEO
13:48 Why Saying Yes Built His Career
17:34 The Renewable Projects JPS Rejected
21:47 Leaving JPS To Bet Everything On SUNTERRA
22:57 Inside The Midnight Sun Project
28:52 Bidding For Jamaica's Next 220 Megawatt Deal
33:45 Why A Rival Solar Farm Didn't Survive Hurricane Melissa
43:45 The $60 Million Financing Behind SUNTERRA
48:51 A Future JSE Listing?
59:16 Why Jamaica Won't Hit Its 2030 Renewable Goal

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Carreras just posted an 80% profit surge and a $30 share price, but is a buyout next? Dr. Matthew Preston and Dr. Thaon Simms break down what's really driving the numbers, plus seven more JSE stocks worth watching this quarter. From Fesco's record fuel profits to Tropical Battery's failed capital raise, Omni's hurricane fueled growth, and why Elite Diagnostic just hit a fresh 52 week low. If you're holding JSE stocks, this recap tells you what actually matters.

Chapters:

00:00 Introduction and Market Roundup Kickoff

01:51 CARRERAS: The 80% Profit Surge and $7 Billion Revenue Story

19:23 Illicit Cigarettes, Vapes, and Could CARRERAS Go Private?

33:27 LAB JAMAICA's Streaming Deals With Amazon, Apple TV and Tubi

1:14:36 FESCO's Record Year as Middle East Tensions Spike Fuel Prices

1:26:50 RPL's 75% Profit Jump and the Yadman LPG Acquisition

1:32:34 OMNI INDUSTRIES Profits Double on Hurricane Melissa Rebuild

1:46:00 ELITE DIAGNOSTIC Hits a 52 Week Low: What Went Wrong

2:00:16 WOODCATS Down Over 20% Since Its IPO

2:08:46 TROPICAL BATTERY's Failed $1.79 Billion Capital Raise

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❓ Which of these JSE stocks are you watching most closely right now? Drop your pick in the comments!

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What would you do if someone handed you a million dollars to invest on the Jamaica Stock Exchange today? Dr. Matthew Preston and Dr. Thaon Simms each build a portfolio from scratch with one goal: 30% returns by December 2026. From a Chinese car company trading under $3 to a film production stock at an all time low, they walk through every pick, stress test each other's logic, and debate which bets are worth the risk. Whether you're starting with $100K or $10K, this is the framework that matters.

Chapters:
00:00 Introduction and the Million Dollar Rules
01:30 Setting the 30% Target by December
03:50 Thaon's Pick: JETCON and the Chinese Car Boom
09:07 Stress Testing the Jetcon Thesis
14:15 Preston's Pick: The Lab at an All Time Low
27:30 Can You Even Buy $1M of Lab Stock?
33:35 Hunting for the Next Pick
38:00 Thaon's Pick: Select MD and the 55% Arbitrage Gap
43:50 Preston's Pick: Atlantic Hardware and the Rebuild Play
49:00 Why Construction Demand Hasn't Even Started Yet
53:30 Trans Jamaica and the People's Champion
55:30 Final Predictions and End of Year Follow Up
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❓ If you had a million dollars to invest on the JSE right now, what's your first pick? Drop it in the comments!
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What happens when one of Jamaica's oldest banks decides it no longer wants public shareholders? Dr. Matthew Preston and Dr. Thaon Simms break down Scotia Group Jamaica's $61.50 per share buyout offer and the $56 billion scheme of arrangement that would take the bank private after 137 years on the JSE. They unpack the difference between a takeover bid and a scheme of arrangement, question whether the price reflects fair book value, and explore a possible arbitrage play before the deal closes.

Chapters:

00:00 The $61.50 Number Every Scotia Shareholder Needs to Know
00:32 Why Scotia Group Wants to Leave the Jamaica Stock Exchange
02:53 Inside the Notice: Breaking Down the $56 Billion Buyout
05:20 Is NCB Next? The Domino Effect Theory
09:13 Who Actually Owns Scotia: NIF, Sagicor, and Donovan Lewis
11:58 Takeover Bid vs Scheme of Arrangement Explained
21:06 The Liquidity Question: Is There an Arbitrage Play Here
30:17 The Book Value Math: Why $61.50 Might Be Too Low
31:58 Remembering Mr. Staple's Shareholder Activism
34:12 Where Will Scotia's $56 Billion Go Next
38:57 CIBC Sells, Scotia Buys: Two Bank Deals, Opposite Directions
46:54 Final Verdict: Would They Buy Scotia Stock Now

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Jamaica didn't make the World Cup, but one JSE stock still wins big. Dr. Matthew Preston and Dr. Thaon Simms break down how Supreme Ventures' sports betting arm, JustBet, could see its profits double in 2026 just like they did in Qatar 2022, when sports betting revenues jumped from $681 million to $1.2 billion. They dig into SVL's Ghana expansion, their integrated SV Games platform, and whether this is the sleeper JSE play of the year.

Chapters:
00:00 Jamaica's World Cup Miss and SVL's Opportunity
01:30 How JustBet and Supreme Ventures Make Money
05:00 Sports Betting vs Lottery: Breaking Down SVL's Revenue
09:00 The Qatar 2022 Effect: How Profits Doubled Last World Cup
13:00 Polymarket and the Future of Sports Betting
17:00 SVL's Ghana Expansion and Regional Ambitions
22:00 Which Other JSE Companies Benefit From the World Cup
27:00 World Cup Predictions and Final Thoughts

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❓ Do you think SVL is a buy heading into the World Cup? Drop your pick in the comments below!

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Trans Jamaica Highway just posted a 46% profit jump and the stock is up nearly 97% since its IPO offer price. But is the easy money already gone? Dr. Matthew Preston and Dr. Thaon Simms dig into the numbers behind TransJam's best quarter ever, what the $3.5 million May pen leg means for future revenues, and whether the Montego Bay perimeter road could be the catalyst that gets this stock to $20.

Chapters:
00:00 Introduction and TransJam's Big Quarter
02:01 Breaking Down the 46% Profit Jump
04:41 Warren Buffett and Infrastructure Stocks
07:10 T-Tag Adoption and What It Means for Revenue
16:30 From $3.60 to $7.10: Was the OFS Too Cheap?
19:45 The Maypan to Williamsfield Leg Explained
21:30 Montego Bay Perimeter Road: The Big Opportunity
28:33 Could TransJam Win the MoBay Bid?
37:15 The National Insurance Fund Connection
39:49 Is TransJam Still a Buy at $7?

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👍 If you enjoyed this episode, please like, subscribe, and share with someone building their JSE portfolio!

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What would the world's wealthiest man buy on the Jamaica Stock Exchange? Dr. Matthew Preston and Dr. Thaon Simms fed Elon Musk's entire investment philosophy into AI and asked it to pick one JSE stock. The answer was unexpected, the reasoning was airtight, and the price target will make you think twice. Watch to find out if you would have made the same call.

Chapters:
00:00 Introduction and Elon Musk Background
01:25 How Musk Built His Fortune: From Zip2 to Tesla
09:57 The JSE Pick Revealed
12:07 Why This Stock Fits Musk's Investment Thesis
19:39 The Hidden Business Most Investors Overlook
28:08 The Biggest Risk to the Thesis
32:26 What the Competition Tells Us
39:00 How the Company Raises Capital
45:00 The Price Target: Realistic or Wishful Thinking?
52:23 Final Verdict

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❓ Which JSE stock did you think Elon Musk would pick? Drop your guess in the comments!

⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. We may own shares in any of the companies discussed on this podcast. Please consult a financial advisor before making any investment decisions.

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