November 18, 2020 General Accident Insurance Company Jamaica Limited (GENAC) has declared a dividend of $0.21592 per share payable on December 14, 2020 to shareholders on record as at December 2, 2020. The ex-dividend date is December 1, 2020. Disclaimer Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry
November 18, 2020 Jamaican Teas Limited (JAMT) has advised that on November 17, 2020 the shareholders of the Company approved, at an Extraordinary Meeting, a resolution setting November 30, 2020 as the new record date for the Company's proposed 3 for 1 stock split. The ex-stock split date will be November 27, 2020. Disclaimer Analyst
November 18, 2020 The PIOJ presented the preliminary estimates on economic performance for quarter the July to September 2020 quarter. The following were noted: Overview of Real Industry Developments For July to September 2020, real GDP fell by an estimated 11.3% relative to the corresponding quarter of 2019. The Goods Producing and Services Industries contracted
United States: U.S. Retail Sales Rose in October at Slowest Pace in Six Months “U.S. retail sales climbed in October at the slowest pace in six months, suggesting consumers are becoming more hesitant amid a surging pandemic and lack of fresh federal stimulus. The value of total sales increased 0.3% from the prior month, when
November 17, 2020 K.L.E. Group Limited (KLE), for the nine months ended September 30, 2020 reported Revenue of $107.85 million, relative to $153.89 million last year, a 30% decline. For the third quarter, revenue totalled $27.41 million, relative to $52.02 million last year, a 47% decline. Cost of sales contracted by 28% to $33.15 million
November 17, 2020 Supreme Ventures Limited (SVL) has advised that Ms. Nickesha Eulette was appointed on October 29, 2020 to the post of Senior Vice President – Finance. 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
November 17, 2020 Sagicor Real Estate XFUND Limited (XFUND), for the nine months ended September 2020, reported total revenue of $2.01 billion relative to $4.76 billion reported in 2019, a 58% decline year over year. XFUND stated, “Our direct hotel operations segment which comprised DTO and JGM contributed $2.13 billion, 55% below prior year. Travel-related
November 17, 2020 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the nine months ended September 30, 2020 reported net investment loss of $890.15 million relative to net investment income of $34.32 million. While for the quarter net investment loss closed at $53.43 million compared to net investment income of $34.32 million. Dividend income totalled $48.93 million
November 17, 2020 BANK OF JAMAICA HOLDS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. Monetary policy decisions taken by Bank of Jamaica are aimed at ensuring that the annual
November 17, 2020 Sagicor Select Funds Limited (SELECTF), for the nine months ended September 30, 2020 reported net investment loss of $1.69 billion relative to an income of $1.01 billion booked September 30, 2019. As for the quarter, net investment income amounted to $92.62 million relative to an income of $577.41 million booked last year
