All of the banks have recovered to pre pandemic levels sans commonwealth bank. It comes down primarily to the nature and quality of the various loan books. Commonwealth bank favors consumer loans and were more exposed than other banks to the hotel industry and tourism workers, while other banks portfolios were more heavily weighted to government workers, who were far less impacted by job losses during the pandemic. So while other banks have begun to write back loan loss provisions they booked during the height of the pandemic, commonwealth bank still continues to set aside huge loan provisions (over 100 million in last year and a half). Eventually commonwealth bank will write back some of these provisions and return to profitability as the economy and specifically the tourism sector recovers. But they are lagging the other banks terribly right now (Fidelity bank $17.7 million net income through 3 qtr compared to a $24million loss for commonwealth bank.)
8 out of a possible total of 20 stocks listed on BISX have returned 20% or more this year ( capital appreciation and dividends). Contrast that with banks that are paying little or zero ( in the case of RBC) on deposits. Anderson is right people need to educate themselves and put their money to work. Sitting in case with hyper inflation eroding your assets is asinine.
Ok. You lost your shares and can not prove you own any so of course you receive no dividends. All registered shareholders have been receiving dividends.
You are wrong. GBPC is 100% owned by emera and emera pays dividends every quarter. All Bahamian shareholders were bought out several years ago ( I was one) and given option of emera shares or a cash payout. Those who took emera shares ( depository receipts listed on BISX) receive dividends every quarter.
Yes this company pays dividends, every quarter. Please birdie I have been telling you for years about this fact and you continue to lie. I am no fan of this company but please learn to tell the truth.
DonAnthony says...
All of the banks have recovered to pre pandemic levels sans commonwealth bank. It comes down primarily to the nature and quality of the various loan books. Commonwealth bank favors consumer loans and were more exposed than other banks to the hotel industry and tourism workers, while other banks portfolios were more heavily weighted to government workers, who were far less impacted by job losses during the pandemic. So while other banks have begun to write back loan loss provisions they booked during the height of the pandemic, commonwealth bank still continues to set aside huge loan provisions (over 100 million in last year and a half). Eventually commonwealth bank will write back some of these provisions and return to profitability as the economy and specifically the tourism sector recovers. But they are lagging the other banks terribly right now (Fidelity bank $17.7 million net income through 3 qtr compared to a $24million loss for commonwealth bank.)
On ‘Get off sidelines’ on $200m raises
Posted 24 November 2021, 7:06 p.m. Suggest removal
DonAnthony says...
8 out of a possible total of 20 stocks listed on BISX have returned 20% or more this year ( capital appreciation and dividends). Contrast that with banks that are paying little or zero ( in the case of RBC) on deposits. Anderson is right people need to educate themselves and put their money to work. Sitting in case with hyper inflation eroding your assets is asinine.
On ‘Get off sidelines’ on $200m raises
Posted 24 November 2021, 3:54 p.m. Suggest removal
DonAnthony says...
This company still owes back fees to the Treasury. Time to pressure them to pay up.
On ‘Stressed’ oil explorer facing a $19m deficit
Posted 2 November 2021, 5:28 p.m. Suggest removal
DonAnthony says...
I hope he takes his own advice. Then maybe we can break this cycle of corruption.
On PM tells COP26: Do what is needed, not what you can get away with
Posted 2 November 2021, 5:25 p.m. Suggest removal
DonAnthony says...
Yeah right. Biggest joke I have heard all year. Police will never be transparent or held accountable.
On OFFICERS ‘WILL BE HELD TO ACCOUNT’: Munroe says ministry will not defend ‘slack people’ after police cell attack
Posted 27 October 2021, 10:50 a.m. Suggest removal
DonAnthony says...
Prayer is not a plan. We need concrete, sensible economic plans for this country to revitalize the economy and pay down debt.
On EDITORIAL: Where will money come from to balance VAT cut?
Posted 25 October 2021, 12:47 p.m. Suggest removal
DonAnthony says...
Contact Bahamas central securities depository (bcsd.bs) and they should have a record of you owning the shares.
On GB Power promises $50m network spend
Posted 21 October 2021, 7:25 p.m. Suggest removal
DonAnthony says...
Ok. You lost your shares and can not prove you own any so of course you receive no dividends. All registered shareholders have been receiving dividends.
On GB Power promises $50m network spend
Posted 21 October 2021, 12:47 p.m. Suggest removal
DonAnthony says...
You are wrong. GBPC is 100% owned by emera and emera pays dividends every quarter. All Bahamian shareholders were bought out several years ago ( I was one) and given option of emera shares or a cash payout. Those who took emera shares ( depository receipts listed on BISX) receive dividends every quarter.
On GB Power promises $50m network spend
Posted 21 October 2021, 12:06 p.m. Suggest removal
DonAnthony says...
Yes this company pays dividends, every quarter. Please birdie I have been telling you for years about this fact and you continue to lie. I am no fan of this company but please learn to tell the truth.
On GB Power promises $50m network spend
Posted 20 October 2021, 5:45 p.m. Suggest removal