MASSY Q1 Dec 2020 Results

🔲Revenue⬆️1.4% to TT$3.2b
🔲Profit⬆️13% to TT$188m

Massy Group is an investment holding / management company with three main investment portfolios:
🔲Integrated Retail
🔲Gas Products &
🔲Motors & Machines
🔲as well as other legacy lines of business

🔲Geographically, 38% of revenue came from T&T, Barbados 22%. Jamaica only 4%

🔲Over 60% of the group’s revenue this qtr. came from Integrated retail

🔲Business has positive Operating Cash Flow, but Free Cash Flow may be negative due to its Investing Activities (not broken out)

Integrated Retail includes
🔲Stores – 47 retail locations in 5 markets in the Caribbean
🔲Distribution – services supermarkets, groceries, pharmacies, hospitals, variety stores etc
🔲Trading – manages the distribution of various product lines

The next big contributor is the Motors and Machines segment

This includes
🔲Massy Motors – automotive dealerships
🔲Massy Machinery – leading supplier of products and services in the construction, marine, energy, industrial, commercial, automotive and agricultural sectors

The stock is
🔲🔻-1.46% since Jan (TTSE Index up 0.08% YTD)
🔲2020 it was 🔻-0.02%
🔲But 2019 it had a big year ⬆️30%

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