Limitless

NCB Doubled in 7 Months. Lee Chin Still Owes $200 MILLION.

Matthew Preston & Thaon Simms

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0:00 | 1:11:50

Last year we said NCB was heading to $30. This year it is up 92% and it has passed SCOTIA to become the biggest company on the Jamaica Stock Exchange. Dr. Matthew Preston and Dr. Thaon Simms break down what actually changed, why Michael Lee Chin still owes roughly $200 million US, and the September 2026 and December 2027 deadlines that could send the stock right back down.

Plus the SCOTIA going private connection, a surprising new name in the top 10 shareholders, and the one line Lee Chin said that stopped the panic cold.

Chapters:

00:00 If I Have To Sell The Bank I Will
01:35 NCB Is Now the Biggest Company on the JSE
04:20 Why the Stock Fell: The $65 APO
09:14 The $300 Million Bond Backed by NCB Shares
10:46 The $94 Million December Deadline
14:58 The Thoma Sale and What It Hides in the PE
21:14 The SCOTIA Going Private Connection
33:35 A New Name Enters NCB's Top 10
37:20 $2 Million Seized at Piarco Airport
39:05 The 2027 Deadlines That Could Repeat History
55:00 What Lee Chin's Stake Is Actually Worth
1:07:04 If NCB and SCOTIA Both Delist

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❓ Did you buy NCB below $50 this year, or are you waiting to see what happens in September? Drop your answer in the comments!

⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. We may own shares in any of the companies discussed on this podcast. Please consult a financial advisor before making any investment decisions.

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