CECP’s Post

We are pleased to share that earlier today Olympia Financial Group (OLY.TSX) reported solid results across the board for Q2 2024. Dividend yield of 6.7% has 2x coverage ratio. >Q2 total revenue increased by 5% to $26.3M YoY. >Trust revenue grew by 7% and services revenue grew by 2%. >6-month revenue grew by 7% to $52.1M YoY from $48.7M >6-month earnings increased by 4% to $11.6M YoY from $11.2M >Revenue hit the high-end of expected range, while net earnings was in the middle of the expected range >Regardless of interest rate cuts, OLY continues to perform ahead of analyst expectations Share Price Target is $135.00 Stock closed at $107.00 yesterday For the three months ending June 31, 2024;  Total net earnings and comprehensive income was essentially flat at $5.9 million compared to $6.0 million in the previous year. Total revenue increased 5% to $26.3 million from $25.1 million, mainly due to an increase in trust income in the Investment Account Services division. Service revenue increased 2% to $12.2 million from $11.9 million, mainly due to an increase in monthly and transaction fees. Trust, interest, and other income increased 7% to $14.1 million from $13.2 million, due to higher interest rates on trust fund placements made over the previous 12 months. Basic and diluted earnings per share attributable to shareholders of Olympia decreased 1% to $2.45 per share from $2.48 per share. Olympia Financial Group continues to grow top-line revenue ahead of analyst expectations. Trust revenue remained insensitive to dovish interest rate policy due to the terms of its account holdings. Additionally, the account base continues to grow, which is a natural hedge against future interest rate reductions. At around 10.4x PE ratio, Olympia trades at a 50% discount to its closest peers (CPU.AU & X.TSX) which are in the 22x range. First half performance suggests that interest rate risks are not playing out in OLY performance, and compared to its peers, the stock remains undervalued. Recently, small cap institutional funds have been accumulating shares, and the Q2 earnings report should provide investor confidence that OLY is trending ahead of performance expectations, and that its current $7.20 annual dividend is solid. The TTM ROE for OLY is 30.3%, which is among the highest within its broader peer group of specialized financials. Justin Oliver CPA, CA Anil Singh Shushu Feng Paul Bilenki, CFA, MFin Marc Raffoul Jonathan Robinson Claudio de Gregorio Damir Gunja Steve Skotidas Tony Grossi, FMA, CFP, CIM, FCSI Marko Tesanovic David D Andrew Sharp Mikael Hebert https://lnkd.in/gMKSya6W

Hi Guys, Thoughts & Lessons of the day, Pronoy here. Yesterday in my shared post, I mentioned, "I've often mentioned, 'We even have the capabilities to outperform the world's biggest player, 'Blackrock' in our field :)." By the way, we've already proven and validated this claim to some extent by surpassing the performance of most funds and business financials (percentage-wise only)". Let's delve deeper into what I meant by "We've already proven and validated this claim to some extent". Note: Before comparing our performance with others, I want to tell all of you our only intention is to showcase our progress, capabilities, and strength to current and future stakeholders globally. If you check, you'll see that Blackrock's highest average returns over the last three years, among approximately 1100 funds globally, stand at 34.48%. Blackrock's business financial performance includes Sales of $18.61 billion, Income of $5.50 billion, with a Gross Margin of 77.71%, an Operating Margin of 37.97%, and a Profit Margin of 29.56%. PMZWC: From Aug 2021 to the present, we've generated returns of around 83%. Our target is to achieve a total return of approximately 115.76% to 148.52% within the next 26 weeks, marking three years of our journey. This includes our current return of 83% and a projected growth of 32.76% to 65.52% over the next 26 weeks. If we reach this target, our fund's three-year average return will be around 38.58% to 49.50%. PMZWC's business performance: We've seen an 83% return, but we're not yet profitable due to past mistakes. Since October 13, 2023, we've been actively addressing these issues. In the last 26 weeks of our PMF_V1 and PMF_V2 journey (the past 12 weeks in particular), we've experienced significant growth. Our revenue stands at around 32.85%, with an OPM and NPM of 51.78%. Our profitability and ROIC are at 17.01%. Our future business goal is a Gross Margin of 90%, Operating Margin of 80%, and a Profit Margin of 55%-65%. With recent progress, we're on track to achieve this. Last week, we achieved our highest GPM & OPM ever: 93.86%. As you can see from our fund performance, GPM, OPM, and NPM matrices, we've been able to outperform Blackrock. However, when it comes to larger financial numbers like Sales of $18.61 billion and Income of $5.50 billion, we're not even in this league due to two reasons: 1) we're now much smaller in terms of company size, age, market cap, sales, and income numbers, and 2) we haven't started our massive scaling and expansion yet. By the way, we'll start that soon, and our business financial numbers will be bigger as we grow more in the future :). So, as I said earlier, we've already proven and validated this claim to some extent. Hopefully, this is sufficient to demonstrate our overall capabilities and potential, as well as what we could achieve in the future. Learn More: https://bit.ly/MGCEmpire. Thanks all.

Hi Guys, Thoughts & Lessons of the day, Pronoy here. Yesterday in my shared post, I mentioned, "I've often mentioned, 'We even have the capabilities to outperform the world's biggest player, 'Blackrock' in our field :)." By the way, we've already proven and validated this claim to some extent by surpassing the performance of most funds and business financials (percentage-wise only)". Let's delve deeper into what I meant by "We've already proven and validated this claim to some extent". Note: Before comparing our performance with others, I want to tell all of you our only intention is to showcase our progress, capabilities, and strength to current and future stakeholders globally. If you check, you'll see that Blackrock's highest average returns over the last three years, among approximately 1100 funds globally, stand at 34.48%. Blackrock's business financial performance includes Sales of $18.61 billion, Income of $5.50 billion, with a Gross Margin of 77.71%, an Operating Margin of 37.97%, and a Profit Margin of 29.56%. PMZWC: From Aug 2021 to the present, we've generated returns of around 83%. Our target is to achieve a total return of approximately 115.76% to 148.52% within the next 26 weeks, marking three years of our journey. This includes our current return of 83% and a projected growth of 32.76% to 65.52% over the next 26 weeks. If we reach this target, our fund's three-year average return will be around 38.58% to 49.50%. PMZWC's business performance: We've seen an 83% return, but we're not yet profitable due to past mistakes. Since October 13, 2023, we've been actively addressing these issues. In the last 26 weeks of our PMF_V1 and PMF_V2 journey (the past 12 weeks in particular), we've experienced significant growth. Our revenue stands at around 32.85%, with an OPM and NPM of 51.78%. Our profitability and ROIC are at 17.01%. Our future business goal is a Gross Margin of 90%, Operating Margin of 80%, and a Profit Margin of 55%-65%. With recent progress, we're on track to achieve this. Last week, we achieved our highest GPM & OPM ever: 93.86%. As you can see from our fund performance, GPM, OPM, and NPM matrices, we've been able to outperform Blackrock. However, when it comes to larger financial numbers like Sales of $18.61 billion and Income of $5.50 billion, we're not even in this league due to two reasons: 1) we're now much smaller in terms of company size, age, market cap, sales, and income numbers, and 2) we haven't started our massive scaling and expansion yet. By the way, we'll start that soon, and our business financial numbers will be bigger as we grow more in the future :). So, as I said earlier, we've already proven and validated this claim to some extent. Hopefully, this is sufficient to demonstrate our overall capabilities and potential, as well as what we could achieve in the future. Learn More: https://bit.ly/MGCEmpire. Thanks all.

Hi Guys, Thoughts & Lessons of the day, Pronoy here. Yesterday in my shared post, I mentioned, "I've often mentioned, 'We even have the capabilities to outperform the world's biggest player, 'Blackrock' in our field :)." By the way, we've already proven and validated this claim to some extent by surpassing the performance of most funds and business financials (percentage-wise only)". Let's delve deeper into what I meant by "We've already proven and validated this claim to some extent". Note: Before comparing our performance with others, I want to tell all of you our only intention is to showcase our progress, capabilities, and strength to current and future stakeholders globally. If you check, you'll see that Blackrock's highest average returns over the last three years, among approximately 1100 funds globally, stand at 34.48%. Blackrock's business financial performance includes Sales of $18.61 billion, Income of $5.50 billion, with a Gross Margin of 77.71%, an Operating Margin of 37.97%, and a Profit Margin of 29.56%. PMZWC: From Aug 2021 to the present, we've generated returns of around 83%. Our target is to achieve a total return of approximately 115.76% to 148.52% within the next 26 weeks, marking three years of our journey. This includes our current return of 83% and a projected growth of 32.76% to 65.52% over the next 26 weeks. If we reach this target, our fund's three-year average return will be around 38.58% to 49.50%. PMZWC's business performance: We've seen an 83% return, but we're not yet profitable due to past mistakes. Since October 13, 2023, we've been actively addressing these issues. In the last 26 weeks of our PMF_V1 and PMF_V2 journey (the past 12 weeks in particular), we've experienced significant growth. Our revenue stands at around 32.85%, with an OPM and NPM of 51.78%. Our profitability and ROIC are at 17.01%. Our future business goal is a Gross Margin of 90%, Operating Margin of 80%, and a Profit Margin of 55%-65%. With recent progress, we're on track to achieve this. Last week, we achieved our highest GPM & OPM ever: 93.86%. As you can see from our fund performance, GPM, OPM, and NPM matrices, we've been able to outperform Blackrock. However, when it comes to larger financial numbers like Sales of $18.61 billion and Income of $5.50 billion, we're not even in this league due to two reasons: 1) we're now much smaller in terms of company size, age, market cap, sales, and income numbers, and 2) we haven't started our massive scaling and expansion yet. By the way, we'll start that soon, and our business financial numbers will be bigger as we grow more in the future :). So, as I said earlier, we've already proven and validated this claim to some extent. Hopefully, this is sufficient to demonstrate our overall capabilities and potential, as well as what we could achieve in the future. Learn More: https://bit.ly/MGCEmpire. Thanks all.

#expenses #managefinances Venmo Fee Calculator: Master The Fees – A Small Biz Guide: Are you a small business owner looking to streamline your financial transactions and boost profitability? Understanding how to use the Venmo fee calculator could be the game-changer you’ve been searching for. In today’s fast-paced digital landscape, managing your business finances efficiently is pivotal to success. The Venmo calculation tool is a powerful tool that helps […] The post Venmo Fee Calculator: Master The Fees – A Small Biz Guide appeared first on Small Biz Tipster.

Are you familiar with the concepts of leverage and breakeven point in finance? Big4WallStreet's "Degrees of Leverage and Breakeven Point" model covers everything you need to know! - Learn about various types of leverage, such as operating leverage and financial leverage - Understand breakeven analysis and its importance in decision-making - Improve your financial analysis and modeling skills - Start building your financial expertise today! #finance #financialanalysis #leverage #breakeven #big4wallstreet

Are you familiar with the concepts of leverage and breakeven point in finance? Big4WallStreet's "Degrees of Leverage and Breakeven Point" model covers everything you need to know! - Learn about various types of leverage, such as operating leverage and financial leverage - Understand breakeven analysis and its importance in decision-making - Improve your financial analysis and modeling skills - Start building your financial expertise today! #finance #financialanalysis #leverage #breakeven #big4wallstreet

"Numbers don't lie, but people do..." I'm sure you've been feverishly checking Linked In for my part 2 to my post. Well, the wait is over... In Part 1 of buying IT MSP companies, we are pre-NDA and pre-LOI, and I shared a few of my observations from the gut. So, you're moving on from fun "what if" and "blue sky" discussions toward NDA and LOI. Now let's move to the seller's financials. Lesson 1 -> Numbers don't lie, but people do... Sellers are trying to spin their story through their numbers. And funny thing here is they can share 10 years of financials that may show very slow growth or even a decline in recent years, BUT... "Next year is going to be our best year in business with double the revenue and triple the profitability" Simply file that under "interesting" for now and move on. Assuming the seller has financials, here’s a few red flags I look for: …Balance Sheet Red Flags… Current Assets / Current Liabilities < 1: Seller doesn't have enough short-term assets to cover its short-term liabilities = liquidity problems. Total Liabilities / Shareholders' Equity: A high ratio here means the seller is over-leveraged and will struggle to meet its debt obligations. If AR is growing faster than revenue, it usually (not always) indicates difficulties in collecting payments from customers, which leads to cash flow issues. Check payment terms. Lack of investment in technology and infrastructure means the seller is struggling to maintain its operations. …Income Statement Red Flags… A consistent steady decline in revenue over multiple periods (quarters) indicates a loss of customers or reduced market demand for the seller's services. (Revenue - Cost of Goods Sold) / Revenue: A shrinking gross margin means rising costs or pricing pressures, which screams operational inefficiencies or competitive issues. Operating Income / Revenue: A low or negative operating margin reflects sloppy cost management and potential operational issues. Net Income / Revenue: A negative net profit margin indicates the seller is not profitable. Earnings Before Interest, Taxes, Depreciation, and Amortization: A negative or declining EBITDA suggests core operational issues that could impact long-term viability. BUYER BEWARE! Look for excessive "add back" nonsense. Consistent negative cash flow from operations indicates the seller is not generating enough cash from its core activities to sustain itself, a major red flag for financial distress. Rising accounts payable without a corresponding increase in revenue tells me that the seller is delaying payments to suppliers due to cash flow issues. Target these items in the seller's financials, ask questions, check the math, scrutinize the "add backs", and remember... Numbers don't lie, but people do... Part 1 here - > https://lnkd.in/g6943NMf #business #acquisition #MSP #buyer #seller

By evaluating the potential trade-offs and impacts on your financial goals, you can make informed decisions about when and how to leverage Pay It Later options. https://lnkd.in/gdtYBNhk #personalfinance #savings #moneymanagement

📣 We announced our second quarter 2024 financial results and raised our 2024 guidance. Read more in our press release: https://bit.ly/3WpSSzg “In the second quarter, we achieved record revenues, led by solid growth in our Healthcare and Education segments, and we continued to expand our margins. We are raising our full year 2024 earnings guidance, reflecting our first half performance and which continues our steady progress towards our financial goals,” said Mark Hussey, chief executive officer and president of Huron. "We also generated record cash flow in the second quarter, enabling us to reduce our debt by $62 million while repurchasing $34 million of our outstanding shares.” “I am incredibly proud of our team for delivering performance that over the past ten quarters has outpaced our 2022 investor day financial objectives,” added Hussey. “Our strengths in the Healthcare and Education industries, along with our expansive Digital capabilities, position us well to continue addressing our clients’ needs and achieve our strategic and financial objectives.” SECOND QUARTER 2024 FINANCIAL HIGHLIGHTS ✔️Total revenues increased $24.9 million, or 7.2%, to a record $371.7 million in Q2 2024 from $346.8 million in Q2 2023. ✔️Net income increased $12.8 million, or 51.7%, to $37.5 million in Q2 2024, compared to $24.7 million in Q2 2023. Results for Q2 2024 include an $11.1 million litigation settlement gain, net of tax, related to a completed legal matter for which Huron was the plaintiff. ✔️Adjusted EBITDA(8), a non-GAAP measure, increased $7.2 million, or 14.9%, to $55.7 million in Q2 2024 from $48.5 million in Q2 2023. ✔️Diluted earnings per share increased $0.76, or 59.8%, to $2.03 in Q2 2024, compared to $1.27 in Q2 2023. Results for Q2 2024 include the litigation settlement gain related to a completed legal matter for which Huron was the plaintiff, which had a favorable $0.60 impact on diluted earnings per share for the quarter. ✔️Adjusted diluted earnings per share(8), a non-GAAP measure, increased $0.30, or 21.7%, to $1.68 in Q2 2024 from $1.38 in Q2 2023. ✔️Net cash provided by operating activities was a record $107.2 million in Q2 2024, compared to $78.2 million in Q2 2023. ✔️Huron returned $34.4 million to shareholders by repurchasing 0.4 million shares of the company's common stock in Q2 2024.