What a jackass, the sentence was not too harsh it was far too lenient, should have been 10 years. Clearly Munroe is unfit for office and should resign.

My understanding is that Nav will be calculated from Jan 1, 2025 at which time net income will have turned positive ( after losses in 2022 and 2023 and a 100k net income in 2024 based on projections) and shareholders will be able to redeem shares if they wish. We can have great confidence in the projections (absent some black swan event like another pandemic) as over 90% of revenue is derived from the passenger facility tax which is due whether passengers disembark or not. Also the port has the discretion to increase this tax so it can be easily adjusted to ensure revenue targets are met. Based on my calculations in five years these shares will be worth over $14, so almost three times the IPO. Depending on the dividend rate paid it could bump this up significantly.

Wonderful news. The Nassau Cruise port will be amazing when completed and as a Bahamian shareholder I am pleased and proud to see it. It is 49% bahamaian owned so we are participating in and sharing in the wealth creation of our beautiful Bahamaland. Hopefully this leads to the revitalization of downtown Nassau to the must see destination it should be for tourists and Bahamians alike.

Wonderful, but now it is time to enact the share split shareholders were promised three years ago.

Long Island received an ambulance yesterday….. from Aliv. Our Governments should hang their heads in shame how poorly our family island clinics are staffed and maintained.

True on all accounts, the online application process was rather tedious.

The offering was open for a week and half to all Bahamians with a minimum subscription of just $1000. If you did not hear about it you must be living under a rock.

Tourism is back! There is so much pent up demand for travel it is unbelievable. 2022 will have the largest growth in GDP the Bahamas has experienced in the last 20 years, so dispel the gloom enjoy Xmas and get ready for better economic times.

Not theory, practice. This year 8 out of 20 BISX listed stocks returned 20% plus ( capital appreciation plus dividends). Would you be satisfied with those returns? Royal Fidelity’s targeted equity mutual fund has returned 8.94% average annual returns over the last 7 years, and this is quite subpar to what is possible. Over the same period I have averaged annualized returns that double that. It has meant that I have retired at a very young age and brought financial comfort and security to my family. It is amazing to me the myths being spread about the performance of the local stock market and by seemingly intelligent and supposedly financially literate persons, clearly these people do not invest in BISX! If you want financial independence educate yourself on investing, and invest in our local market over a long period of time and let the magic of compound interest work for you. As Albert Einstein said the most powerful force in the universe is compound interest!

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.)