February 13, 2020 United States: Trump’s Nafta Rewrite Heads for Its Last Stop — Ottawa “When President Donald Trump signed the U.S.-Mexico-Canada-agreement at the White House in late January, he said a variation of the word “thanks” 54 times in 37 minutes to people in attendance who helped him do the deal. But there’s one more favor
February 13, 2020 For the nine months ended December 31, 2019, Radio Jamaica Limited’s (RJR) revenues increased by 3% from $4.21 billion in 2018 to $4.34 billion. For the quarter, revenues closed at $1.59 billion (2018: $1.50 billion), representing a 6% growth. RJR indicated that, “this was largely due to the performance of the Audio-Visual
February 12, 2020 Indies Pharma Jamaica Limited (INDIES) based on audited results, reported revenues for the twelve months ended October 31, 2019 of $729.45 million, an increase of 15% when compared with the $636.17 million booked last year. Cost of sales amounted to a total of $268.78 million relative to the $243.38 million reported for
Date: February 12, 2020 Dolphin Cove Limited (DCOVE) has advised that at a Board of Directors’ meeting scheduled for February 24, 2020, consideration will be given to the payment of an interim dividend. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those
Date: February 12, 2020 Proven Investments Limited (PROVEN) has advised that a dividend payment of US$0.0032 per share was declared at a Board meeting held on February 7, 2020. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.4506 per share. This dividend payment will be made to all ordinary
February 12, 2020 Reported in US$ (except where it is indicated otherwise) Proven Investments Limited (PROVEN) for the nine months ended December 31, 2019 reported interest income of $17.29 million, a 20% decrease when compared with the $21.52 million reported for the same period in 2018. Interest expense for the period amounted to $7.42 million, a
Date: February 12, 2020 Wigton Windfarm Limited, for the nine months ended December 31, 2019, reported sales of $1.83 billion, a 6% decline on the $1.95 billion reported in the prior year. Revenue for the quarter declined 22% to $363.38 million (2018: $465.02 million). WIG noted that, “the lower revenues are directly related to a
February 12, 2020 United States: U.S. Home-Refinancing Applications Hit Highest Level Since 2013 “Falling mortgage rates are spurring a surge in U.S. homeowners seeking to refinance their loans to lock in lower payments. A gauge of mortgage refinancing volume rose 5% last week to the highest level since June 2013, according to a Mortgage Bankers
February 11, 2020 The Bureau of Labour Statistics reported that, the number of job openings edged down to 6.4 million (-364,000) on the last business day of December. In addition, for December, hires and separations changed to 5.9 million and 5.7 million, respectively. Regarding the quits rate and layoffs and discharge rate, these were unchanged
February 11, 2020 United States: Pay May Drop Under 2020 Democrats’ Safety Net Plans, Study Says “Proposals by several Democratic presidential candidates to shore up Social Security by raising payroll taxes could have a downside: lower economic growth and reduced wages, according to a study by the right-leaning Tax Foundation. Democratic contenders including former Vice
