Weekly Report – Nov 1, 2019

Nov 01, 2019

Local Stock Market Review The biggest winner was MPC Caribbean Clean Energy JMD rising by 31.3% to close at $260. The biggest loser was Sterling Investment USD falling by 33% to close at $0.02. For the week ended Friday, the Jamaica Stock Exchange indexes closed higher with the JSE Combined Index advancing by 0.73%, the […]

Weekly Report – Oct. 25, 2019

Oct 28, 2019

Local Stock Market Review The biggest winner was Kington Properties rising by 13.9% to close at $5.90. The biggest loser was Sygnus Credit Investments USD falling by 14.29% to close at $0.12. Kingston Properties rose on news that the firm would have a Rights Issue of J$2 billion. For the week ended Friday, the Jamaica […]

Victoria Mutual Investments Analysis

Oct 25, 2019

Outlook and Recommendation Since listing in December 2017, VMIL has demonstrated continued growth in core Revenues and Earnings. This growth has been due largely to a shift in the Company’s focus toward fee based business lines such as Investment Banking & Fund Management and away from primarily reliance on Net Interest Income in the face […]

Wisynco Group Limited Analysis

Oct 23, 2019

Outlook and Recommendation Wisynco’s recent growth in sales mainly resulted from the increasing effect of the addition of packaged sugar to its line of distributed products. Also, the Company recently announced a 30% investment in JP Snacks Caribbean Ltd and commenced the exclusive distribution of the St Mary’s range of Tropical Chips in Jamaica, at […]

Weekly Report – Oct. 18, 2019

Oct 18, 2019

Local Stock Market Review The biggest winner was MPC Caribbean Clean Energy JMD rising by 24% to close $190. The biggest loser was Ciboney falling by 16% to close at $0.10. For the week ended Friday, the Jamaica Stock Exchange indexes close slightly lower with JSE Combined Index declined by 0.28%, the JSE Index declined […]

Analysis of JMMB Group Limited Additional Public Offering

Oct 17, 2019

JMMB Group Limited will be doing an additional public offering of 266,737,797 new ordinary shares to the public at a price of J$38.00-J$38.75 and TT$1.90 – TT$1.94 for investors residing in Jamaica and Trinidad & Tobago, respectively. The firm will be raising approximately J$10 billion to support the acquisition of approximately 22.2% of Alignvest Acquisition […]

Jamaica Broilers Group Limited (JBG) Declares Dividend

Sep 23, 2019

Jamaica Broilers Group Limited (JBG) has advised that at a Board Meeting held on September 18, 2019, an interim dividend was declared. The dividend will be nineteen cents ($0.19) per share unit. Based on the 1,199,275,381 issued share units of the Company, the total amount of the proposed dividend will be $227,862,322.39. The record date […]

Eppley Limited (EPLY) – Declaration of Dividend

Aug 21, 2019

Eppley Limited (EPLY) has advised that at a meeting of the Board of Directors of EPLY held on August 14, 2019, an ordinary dividend 3.72 cents per share was declared. EPLY also advised that payment will be made to all shareholders on record as at August 30, 2019, on September 13, 2019.

1834 Investments Limited, 1834, – Delayed Submission of Unaudited Financial Statements

Aug 02, 2019

1834 Investments Limited (1834) 1834 has advised that its unaudited financial statements for the quarter ending June 30, 2019, which were due to be filed with the Jamaica Stock Exchange by August 14, 2019, have been delayed. 1834 advised that additional details related to new IFRS 9 accounting standards implemented as at March 31, 2019 year-end […]

Jamaican Teas Limited (JAMT) – Trading in Shares

Aug 02, 2019

Jamaican Teas Limited (JAMT) JAMT has advised that a director sold a total of  187,429 JAMT shares during the period August 14 to 16, 2019.