On February 12, 2023, IC Insider listed One on One as the top stock to watch on the Jamaica Stock Exchange’s Junior Market. This comes on the heels of One on One releasing our first quarterly report since becoming a publicly listed company. Key highlights from this quarterly report include:
An 84.6% increase in revenue
A 722% increase in net profit
A 72% increase in total assets
Two of our company directors also recently increased their shareholdings in One on One. The trades, which were completed on Monday, February 13, had a transaction value of J$37.5 million from the sale of a total 30 million shares. Ricardo Allen, One on One’s CEO, through his holding company Soho Investments, acquired 15 million ordinary shares to bring his total equity stake in One on One to just under 24 percent. John Bailey, through his holding company, Jorden Investments, also acquired an additional 15 million shares, to bring his total equity stake in the company to just under 9 percent.
These transactions will give both directors an increased interest in the growth and success that One on One has already achieved and is set to improve upon with its dynamic business offerings. One on One continues to acquire new business customers. We also continue to serve existing clients and provide an education management system for governments.