October 30, 2019 Acting General Manager, Terry Peyrefitte, at the Annual General Meeting, indicated that “2018/2019 financial year marked 1834’s third full year as a standalone investment company since the media amalgamation of RJR in 2016.” Furthermore, Ms. Peyrefitte stated that the company, “the company seeks to rent the fifth floor on the Gleaner building
October 30, 2019 Lasco Manufacturing Limited (LASM) for the six months ended September 30, 2019, recorded an increase of $50.30 million or 1% in revenue to total $3.85 billion relative to the $3.80 billion recorded for the comparable period in 2018. For the second quarter, total revenue closed at $2.06 billion (2018: $2.07 billion), a
October 30, 2019 United States: U.S. Economy Holds Up With 1.9% Growth on Consumer Strength “A resilient American consumer helped the U.S. economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets. Gross domestic product increased at a
Date: October 29, 2019 Caribbean Cement Company Limited (CCC) for the Nine Months Ended September 30, 2019 total revenue grew by 2% amounting to $13.51 billion, up from $13.24 billion reported a year ago. Earnings before interest, tax, depreciation & amortization (EBITDA) amounted to $4.97 billion, an increase of 29% relative to $3.86 billion for
Date: October 29, 2019 Stationery & Office Supplies Limited (SOS) has advised that at a Board of Directors’ meeting scheduled to be held on November 7, 2019, an interim dividend payment will be considered. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst
Date: October 29, 2019 Main Event Entertainment Group Limited (MEEG) has advised that at a Board of Directors’ meeting held on September 12, 2019, Mr. Richard Bair relinquished his post as Company Secretary and Miss Marvia J. Williams was appointed Secretary of the Company with immediate effect. Analyst Certification -This research report is for information
Date: October 29, 2019 Sygnus Credit Investments limited (SCI) has advised that the Annual General Meeting of the Company will be held at 10:30 a.m. on November 27, 2019 at the Cnr. Flamboyant Drive & Almond Road, Rodney Bay Village, Gros Islet, St Lucia. SCI has also advised that Ms Nakita Edwards tendered her resignation
Date: October 29, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a Senior Manager purchased 12,753 SJ shares held under the SJ Long-Term Incentive Plan. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their
October 29, 2019 United States: America’s Middle Class Is Addicted to a New Kind of Credit “The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialized in the debt are
October 28, 2019 United States: Fed, Consumers Turn a Deaf Ear to Wall Street’s Recession Siren “Federal Reserve Chairman Jerome Powell’s disagreement with Wall Street over recession risks is backed up by data showing that much of the talk is concentrated in a few industries with big megaphones -- manufacturing and banking. Powell has repeatedly said that
