August 16, 2022 Dolla Financial Services Limited (DOLLA) has advised that it wrote an expression of interest letter to the Board of Directors of Access Financial Services Limited (“Access”) dated August 11, 2022. The said letter was a non-binding expression of interest to enter preliminary discussions to explore the take-over of Access. DOLLA awaits a response from
August 16, 2022 Sagicor Group Jamaica Limited (SJ) has advised that its subsidiary, Sagicor Investments Jamaica Limited has completed the purchase of the securities dealer book of business of Alliance Investment Management Limited (AIML), having satisfactorily completed all due diligence and regulatory requirements. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the
August 16, 2022 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for August 12, 2022, was J$16.44. MJE’s last traded price on August 12, 2022, was $14.09. The below graph shows MJE’s Net Asset Value movement since 2019. Disclaimer: Analyst Certification -The views expressed in this research report accurately
August 16, 2022 iCreate Limited (ICREATE) for the six months ended June 30, 2022 reported revenues of $80.89 million, 239% up from $23.86 million reported a year ago. For the quarter, ICREATE posted revenue of $34.50 million (2021: $15.44 million). Management noted, “this strong performance was positively impacted by a mix of new business clients as well
August 16, 2022 GENAC for the six months ended June 30, 2022, reported Gross premium written of $9.83 billion, 29% higher than the $7.64 billion reported for 2021. Reinsurance ceded rose 34% to close at $8.06 billion relative to $6.01 billion booked in 2021. Excess of loss reinsurance trended upwards by 26% to $130.35 million (2021:
August 16, 2022 Edufocal Limited (LEARN) For the six months ended June 30, 2022:- Edufocal Limited (LEARN), for the six months ended June 30, 2022, recorded revenue of $133 million, 164% more than the $50.40 million reported in the previous corresponding period. Revenue for the quarter increased 329% to $72.08 million (2021: $16.80 million). LEARN noted, “EduFocal
August 16, 2022 United States: US Housing Starts Decline to Lowest Level Since Early 2021 New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in inventory. Residential starts dropped 9.6% last month to
August 16, 2022 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the six months ended June 30, 2022 reported dividend income of $53.36 million (2021: $41.80 million). Interest income closed the six months period at $648,000 and relative to $890,000, last year. Gain on sale of financial assets at fair value through profit or loss
August 16, 2022 K.L.E Group Limited (KLE), for the six months ended June 30, 2022 recorded no revenue (2021: $73.36 million). For the second quarter, there was no revenue recorded (2021: $38.21 million). Cost of sales amounted to naught (2021: $22.75 million); as a result, there was no gross profit for the period (2021: $50.62
August 15, 2022 Reported in Barbados Dollars unless otherwise indicated: Eppley Caribbean Property Fund Limited (CPFV), for the nine months ended June 30, 2022 reported net rental income of $3.43 million (2021: $2.98 million), a 15% increase year over year. In addition, share of profit of investments accounted for using the equity method rose from $1.42 million in 2021
