February 27, 2023 Pulse Investments Limited (PULS) has advised that it is now selling a recently completed 16-unit development at Villa Ronai know as PULSE LOFTS which consists of mostly studios and one-bedroom apartments with lofts. Sale is expected to net approximately $500m. Funds will be used to increase liquidity and reduce the company’s
February 27, 2023 First Rock Real Estate Investments (FIRSTROCK) has advised that it is part of a consortium that has now concluded the acquisition of Medical Associates Hospital. This represents a strategic acquisition of a prime real estate and operating asset. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the
February 27, 2023 Dolla Financial Services Limited (DOLLA) has advised that an interim dividend payment of $J0.02 per share was approved at the Board of Directors meeting held on February 23, 2023. The dividend payment will be made to all ordinary shareholders on record as of March 23, 2023 and will be paid on
February 27, 2023 For the third quarter of 2022, Jamaica’s economy outperformed the Bank of Jamaica (BOJ) projection with an outturn of 5.9% and continued to expand in the fourth quarter of 2022 and the first quarter of 2023 period, to date. According to BOJ Governor, Richard Byles, domestic economic activity is anticipated to
February 27, 2023 Weekly Picks 27.02.2023 CPJ Disclaimer: 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) also certify that no part of their compensation was, is,
February 27, 2023 United States: Yellen Notes Inflation Problem But Still Sees Soft Landing Path US Treasury Secretary Janet Yellen said inflation continues to be a problem even as she reiterated her conviction that there is a path for it to come down while maintaining a strong labor market. Yellen’s comments come after data
February 24, 2023 MPC Caribbean Clean Energy Limited (MPCCEL), for the year ended December 31, 2022, recorded total income of US$888,444 relative to US$1.35 million reported for the prior year’s corresponding period. Total expenses amounted to US$187,651 (2021: US$205,325). The following movements were noted: Accountancy fees closed the period at US$8,600 (2021: US$8,600), while MPCCEL
February 24, 2023 Jamaican Teas Limited (JAMT) has advised that during the period February 16 to 17, 2023, a Director sold 252,500 JAMT shares. Disclaimer: 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
February 24, 2023 Massy Holdings Ltd. (MASSY) has advised that on February 22, 2023, a connected party purchased 210 MASSY shares. Disclaimer: 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
February 24, 2023 Productive Business Solutions Limited (PBS) has advised that its Board of Directors has approved the acquisition of 100% of the ordinary shares of Infotrans Group Holding B.V. (“Infotrans”). The transaction is subject to definitive agreements, regulatory approvals and other customary closing conditions, and is expected to be completed by June 30,
