April 15, 2020 Sygnus Credit Investments Limited (SCI) has advised that the Board of Directors has authorised the Company to take formal steps to obtain the necessary regulatory and shareholders’ approvals to make an invitation to the public, in lieu of a rights issue to existing stockholders, to raise additional equity capital through the issuance of ordinary
April 15, 2020 Sterling Investments Limited (SIL) has advised that on April 14, 2020, a Director and three connected parties purchased a total of 305,979 SIL shares under the Company’s Dividend Reinvestment Programme and Complementary Share Purchase Programme. The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot
April 15, 2020 March’s import prices decreased 2.3%, according to the U.S. Bureau of Labor Statistics after declining 0.7% the previous month. This decline was mostly attributable to the lower prices in fuel. Nonetheless, export prices decreased 1.6% in March relative to a 1.1% decrease the previous month. Prices for import fuel declined 26.8% in
April 14, 2020 Scotia Group Jamaica Limited (SGJ) has advised that a Senior Officer purchased 2,000 SGJ shares on April 9, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s)
April 14, 2020 Sygnus Credit Investments Limited (SCI) has advised that the Board of Directors has authorised the Company to take formal steps to obtain the necessary regulatory and shareholders’ approvals to make an invitation to the public, in lieu of a rights issue to existing stockholders, to raise additional equity capital through the issuance
April 14, 2020 Seprod Limited (SEP) has advised that Mr. Milton Maragh resigned from the position of Group Project Manager effective March 31, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report.
Date: April 14, 2020 Paramount Trading (Jamaica) Limited recorded a slight 3% decrease in total revenues to $1.15 billion from $1.19 billion reported in 2019. For the quarter, revenues declined 3% to close at $381.51 million (2019: $394.03 million). Direct expenses closed the period at $807.30 million, a decline of 1% relative to the $814.05
Sagicor Real Estate XFUND Limited, for the year ended December 2019, reported total revenue of $6.30 billion relative to $5.82 billion recorded in 2018, an 8% increase year over year. For the quarter, total revenue closed at $1.54 billion versus $1.15 billion in the prior comparable quarter. The total revenue was accumulated by the following:
April 14, 2020 KEY Insurance Company Limited (KEY), for the year ended December 31, 2019, reported a decrease of approximately 79% in net premiums written to $242.31 million from $1.18 billion in 2018. Notably, there was a 22% decrease in gross premiums written from $1.79 billion in 2018 to $1.40 billion in 2019. KEY noted, “motor and non-motor business contribution to this reduction
April 14, 2020 Statistical Institute of Jamaica (STATIN) noted, “Total value added for the Jamaican economy was $197,013 million for the fourth quarter of 2019. This remained relatively unchanged when compared to $197,086 million for the similar quarter of 2018.” This was attributable to growth in the Services Industries of 1.2%, however tempered by the 3.7%
