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Caribbean corporate finance advisory

Interest-Only Is Not Repayment-Never

  The first objection to long-dated interest-only capital is that nobody ever repays it. The answer is a reserve, a glidepath and an election made two years early — and the arithmetic is less comfortable than the concept. The Endurance Capital Series, Part Seven  ·  The Dawgen Endurance Capital Framework™   Every conversation about long-dated...

The Covenant That Breaks You in a Downturn

  A leverage covenant can be breached without borrowing a dollar. It breaches because earnings fell — and then it accelerates the obligation at the precise moment the company cannot meet it. The Endurance Capital Series, Part Six  ·  The Dawgen Endurance Capital Framework™   A company has a difficult year. Revenue holds but margin...

Your Earnings Are Probably Higher Than You Think

Most owner-managed companies are under-financed by their own accounting. The remuneration policy that saves tax also makes the business look smaller than it is — and lenders price what they can see. The Endurance Capital Series, Part Five  ·  The Dawgen Endurance Capital Framework™   An owner is told that his company can raise three...

Not Everything on the Balance Sheet Is Security

A company with two billion dollars of assets can discover it has seven hundred million of security. The gap is not an accounting error. It is five questions nobody asked. The Endurance Capital Series, Part Four  ·  The Dawgen Endurance Capital Framework™   An owner sits down to list what his company owns, because he...

Everything That Left the Business

 A company can cut its dividend by three quarters and still be extracting more than the year before. One number catches it. The covenants in most instruments do not. The Endurance Capital Series, Part Two  ·  The Dawgen Endurance Capital Framework™ A board meets to approve the accounts. The finance director reports that in a...

A Seven-Year Loan Against a Thirty-Year Asset

Caribbean enterprises are not failing because they are unprofitable. They are failing because of how they were financed — and the structure that fixes it already exists. Introducing The Dawgen Endurance Capital Framework™   There is a conversation that takes place in this region more often than anyone would like to admit, and it always...

Recovery Velocity Score™: How Fast Can Your Capital Architecture Recover?

The most consequential observation from our advisory work over the eighteen months since Hurricane Melissa is the one we did not expect to be making. We expected, going into the post-Melissa recovery period, that the Caribbean enterprises with the strongest pre-stress capital architectures would produce the strongest recoveries. We expected the diagnostics already established in...

Bank-Plus-Bond-Plus-Guarantees: Building a Resilient Caribbean Capital Source Mix

Caymas Holdings Limited — the name is composite, the structure is real and recognisable across the regional conglomerate landscape — is a Caribbean integrated consumer-goods enterprise that has been my advisory work intermittently over a number of years. The group sits at approximately US$280 million in consolidated revenue and operates across three principal business lines....

ESG That Is Not Financed: Aligning Sustainability Commitments with Capital Architecture

Reserve Bay Hospitality Group — the name is composite, the events are real — is a Caribbean integrated hospitality enterprise I have spent considerable time advising. The group operates four properties across two territories: a five-hundred-and-twenty-room flagship resort on a Jamaican north-coast site, a smaller boutique sister property at one hundred and forty rooms on...

The Liquidity Stack:  Why Cash Alone Is Not a Liquidity Strategy — and the Five-Tier Architecture That Replaces It

Tidewater Maritime Group — composite name, real engagement — is a Caribbean integrated shipping and logistics enterprise we have advised through three iterations of its capital structure. The group operates a fleet of seven container and break-bulk vessels covering inter-island routes between Jamaica, Trinidad, Barbados, and the Eastern Caribbean, plus terminal handling operations at three...

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Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
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Taking seamless key performance indicators offline to maximise the long tail.
https://www.dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://www.dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

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© 2024 Copyright Dawgen Global. All rights reserved.