Woodcats IPO: 90¢ to $2 in 12 Months?

Woodcats International just became the first company to list on the Jamaica Stock Exchange in 2026. At 90 cents per share and a $750 million raise, Dr. Matthew Preston and Dr. Thaon Simms break down whether this manufacturer deserves a spot in your portfolio.

The company manufactures wooden pallets for Jamaica's biggest exporters — Red Stripe, Wisynco, and Seprod. With a junior market tax break saving millions, Hurricane Melissa creating demand spikes, and NCB Capital buying a strategic stake, the setup looks compelling. But with 72% new viewers and liquidity concerns, Preston and Thaon debate whether this IPO deserves your cash.

Chapters:
00:00 First IPO of 2026 Announced
01:54 What Does Woodcats Actually Do?
06:39 The $750M Offer Breakdown
09:31 Use of Proceeds: Equipment Upgrades
12:23 Derriman's Role as Selling Shareholder
15:02 Management's 3-5 Year Strategic Plan
19:32 Revenue Breakdown: 97% Pallets
25:05 The Hurricane Melissa Opportunity
31:10 Hybrid Pallets and New Product Lines
37:25 Historical Profitability and Dividend Policy
42:16 Valuation: Fair at 90¢ or Overpriced?
46:22 Preston's Take: Competing Priorities
50:56 Thaon's Take: Simple Business Appeal
52:44 Final Verdict: Are We Buying?

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⚠️ 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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