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.
This is a don’t rock the boat, a kick the can down the road government. More interested in being in government than truly governing and addressing our many serious issues. Problem is that can only be done for so long and the avoidance of these problems only exacerbates them. We have not had real leadership in the Bahamas since the first Ingraham administration.
You represent the worst of social media. Espousing wild, deranged, and paranoid speculation while providing no evidence of such outlandish statements, Trump would be proud LOL. Savvy investors know better than to believe the crap you are saying.
You sound like a person who hates to see Bahamians share in the wealth creation of our country and sees a boogeyman under every rock, one who sits all day ruminating over the next fictitious and jealous tirade to lambaste hardworking, successful Bahamians with. This port will be a smashing success nonetheless.
Great news for the thousands of Bahamian investors who can now share in a meaningful way in the wealth creation of our beloved Bahamaland. The port is beautiful and will be a smashing success, something every Bahamian can and should be proud of. We expected no less from the highly competent Maura and Global Ports.
So a projected $13 mill departure tax revenue and Bahamian jobs on a sparsely populated rock is to be scoffed at? We need proper environmental regulations and perhaps an increase in taxes on these cruise islands but make no mistake about it we are a broke ass nation that needs all the revenue we can get. We don’t have the luxury to reject the cruise industry.
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
DonAnthony says...
This is a don’t rock the boat, a kick the can down the road government. More interested in being in government than truly governing and addressing our many serious issues. Problem is that can only be done for so long and the avoidance of these problems only exacerbates them. We have not had real leadership in the Bahamas since the first Ingraham administration.
On PM: TIME TO TACKLE ALL FORMS OF VIOLENCE – No specific policies named as Davis asked about rape
Posted 6 September 2022, 10:54 a.m. Suggest removal
DonAnthony says...
So far so good. Looking forward to the 4 for 1 share split next month.
On Fidelity’s $500k behind but ‘still on $25m track’ despite falling
Posted 31 August 2022, 3:57 p.m. Suggest removal
DonAnthony says...
You represent the worst of social media. Espousing wild, deranged, and paranoid speculation while providing no evidence of such outlandish statements, Trump would be proud LOL. Savvy investors know better than to believe the crap you are saying.
On Cruise port targeting $40m yearly revenue
Posted 23 August 2022, 5:08 p.m. Suggest removal
DonAnthony says...
You sound like a person who hates to see Bahamians share in the wealth creation of our country and sees a boogeyman under every rock, one who sits all day ruminating over the next fictitious and jealous tirade to lambaste hardworking, successful Bahamians with. This port will be a smashing success nonetheless.
On Cruise port targeting $40m yearly revenue
Posted 23 August 2022, 11:04 a.m. Suggest removal
DonAnthony says...
Great news for the thousands of Bahamian investors who can now share in a meaningful way in the wealth creation of our beloved Bahamaland. The port is beautiful and will be a smashing success, something every Bahamian can and should be proud of. We expected no less from the highly competent Maura and Global Ports.
On Cruise port targeting $40m yearly revenue
Posted 23 August 2022, 10:07 a.m. Suggest removal
DonAnthony says...
So a projected $13 mill departure tax revenue and Bahamian jobs on a sparsely populated rock is to be scoffed at? We need proper environmental regulations and perhaps an increase in taxes on these cruise islands but make no mistake about it we are a broke ass nation that needs all the revenue we can get. We don’t have the luxury to reject the cruise industry.
On Cruise island expansion to drive 149% visitor rise
Posted 27 July 2022, 5:24 p.m. Suggest removal