As an AML shareholder I am pleased to hear this. Can only try so long and if the parties are unwilling to compromise it is time to move on. Let’s focus on expanding the neighborhood food store concept, taking market share from dirty, old super value stores and upgrading the Costright shopping experience.
I don’t believe this positive spin, more like putting lipstick on a pig. Commonwealth bank’s figures will look good this year because of the write back of bad loan provisions as the economy recovers ( write backs they won’t have next year). The real issue long term is their shrinking loan book, 2019 year end loan book was $932 mill, it has now shrunk by $160 mill to $772 mill in just 2.5 years! So there has been a corresponding large reduction in interest income combined with little to no reduction in expenses and you have a much lower net income going forward. They are increasingly losing market share in a battle with Fidelity and Bank of the Bahamas for the coveted and profitable consumer loan segment. So short term the figures will look great, medium term quite worrisome.
DonAnthony says...
I see banks getting same D average as our public school students.
On Banks facing ease of business ‘scorecard’
Posted 30 September 2022, 3:15 p.m. Suggest removal
DonAnthony says...
Yes.
On Concerns raised over police shootings
Posted 29 September 2022, 9:42 a.m. Suggest removal
DonAnthony says...
Yes
On Protest of law that doesn’t exist
Posted 15 September 2022, 9:04 p.m. Suggest removal
DonAnthony says...
They are professional protestors 😀
On Protest of law that doesn’t exist
Posted 15 September 2022, 12:19 p.m. Suggest removal
DonAnthony says...
LMAO Wrong on all accounts. This is expansion and belief in the Bahamian economy and confidence in future growth.
On AML: $17m will create ‘real power destination’
Posted 15 September 2022, 9:10 a.m. Suggest removal
DonAnthony says...
PLP flying first class around the world, while failing to care for the poorest in our midst who go without food.
On Gov’t hit over VAT assistance delays
Posted 14 September 2022, 4:21 p.m. Suggest removal
DonAnthony says...
I am sure Fred Mitchell will travel first class on our dime and try to weasel his entourage in! Yes, No?
On TRAVEL BUDGET SOARS FOR GOVT: $11.8m spend exceeds allocation by 11%.
Posted 14 September 2022, 11:20 a.m. Suggest removal
DonAnthony says...
As an AML shareholder I am pleased to hear this. Can only try so long and if the parties are unwilling to compromise it is time to move on. Let’s focus on expanding the neighborhood food store concept, taking market share from dirty, old super value stores and upgrading the Costright shopping experience.
On City Markets retirees in fresh pension blow
Posted 14 September 2022, 11:18 a.m. Suggest removal
DonAnthony says...
This “do nothing” government loves to travel and waste our money, especially Fred Mitchell. It really is disgusting .
On TRAVEL BUDGET SOARS FOR GOVT: $11.8m spend exceeds allocation by 11%.
Posted 14 September 2022, 11:02 a.m. Suggest removal
DonAnthony says...
I don’t believe this positive spin, more like putting lipstick on a pig. Commonwealth bank’s figures will look good this year because of the write back of bad loan provisions as the economy recovers ( write backs they won’t have next year). The real issue long term is their shrinking loan book, 2019 year end loan book was $932 mill, it has now shrunk by $160 mill to $772 mill in just 2.5 years! So there has been a corresponding large reduction in interest income combined with little to no reduction in expenses and you have a much lower net income going forward. They are increasingly losing market share in a battle with Fidelity and Bank of the Bahamas for the coveted and profitable consumer loan segment. So short term the figures will look great, medium term quite worrisome.
On Bank to ‘double’ dividend on pre-Dorian profit return
Posted 12 September 2022, 4:20 p.m. Suggest removal