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Atlantic Hardware & Plumbing Company Limited (AHPC) is reporting major growth 📈 — first-half revenue is up nearly 70% and profit has more than tripled. So why has the stock price fallen so sharply? 📉
In this episode of the Limitless Podcast, Dr. Matthew Preston and Dr. Thaon Simms sit down with Deanall Barnes, CEO of Atlantic Hardware & Plumbing, for a detailed conversation about what is really happening inside the company.
From the recent Jamaica Stock Exchange suspension 🚨 and questions surrounding Atlantic's Junior Market tax benefits, to its audit adjustment, expected credit losses, growing inventory, falling margins and expansion plans, Deanall responds directly to some of the biggest questions facing AHPC shareholders.
The conversation also explores:
🔹 Why Atlantic's audited 2025 profit was reduced by more than $50 million
🔹 How Expected Credit Losses (ECL) affected the company's results
🔹 Why revenue and profit are growing while AHPC's share price is falling
🔹 Atlantic's JSE suspension and the potential tax implications
🔹 Why gross profit margins declined despite higher sales
🔹 The impact of Agro's acquisition on revenue, inventory and receivables
🔹 Atlantic's lower financing costs and improving debt position
🔹 Jamaica's cement market and why Atlantic decided against importing cement
🔹 Opportunities from Jamaica's reconstruction and construction sector
🔹 Potential opportunities connected to major housing development in St. Thomas
🔹 Whether the market may be undervaluing Atlantic Hardware stock
If you invest in Jamaican stocks, JSE Junior Market companies, AHPC or the wider Caribbean stock market, this is an episode you don't want to miss. 🇯🇲💰
📊 Highlights & Chapters:
0:00 - 2:54 | 🎙️ Atlantic Hardware's Growth vs. Falling Stock Price
2:54 - 8:42 | 🧾 The Audit Adjustment & Expected Credit Losses Explained
8:42 - 16:22 | 🏗️ Cement Shortages, Reconstruction & Falling Margins
16:22 - 21:18 | 💰 Inventory, Cash, Debt & Atlantic's Financial Position
21:18 - 30:56 | 🚨 JSE Suspension & The Junior Market Tax Question
30:56 - 40:18 | 🇯🇲 Jamaica's Economy, Reconstruction & Local Sourcing
40:18 - 45:12 | 🏘️ Housing Growth, St. Thomas & Future Opportunities
45:12 - 49:30 | 📉 Is Atlantic Hardware Stock Being Mispriced?
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❓ With Atlantic's revenue and profits growing while the share price falls, do you think AHPC is undervalued — or is the market pricing in risks investors shouldn't ignore?
⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. Please consult a financial advisor before making any investment decisions.
