Date: September 17, 2019 General Accident Insurance Company Jamaica Limited (GENAC) has announced the acquisition of a majority stake in Motor One Insurance Company Limited (“Motor One”), a Trinidadian motor insurance company headquartered in Port of Spain with a large branch network throughout Trinidad. GENAC has also advised that under the terms of the agreement,
Date: September 17, 2019 Fontana Limited (FTNA) has advised that the payment of a dividend will be considered at a Board of Directors’ meeting scheduled to be held on Wednesday, September 25, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be
Date: September 17, 2019 Consumer Price Index – August 2019 The consumer price index for the month of August 2019 increased by 0.8%, following a 1.1% increase in its index for July 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of August rose to 263.1 relative to
Date: September 17, 2019 United States: Overnight Funding Rate Surges to Record Levels Above 8% “U.S. money-market interest rates surged for a second day Tuesday as cash reserves in the banking system remained out of balance with the volume of securities on dealer balance sheets. Amid the squeeze, the effective fed funds rate rose to
Date: September 16, 2019 Further to the Rights Issue Upsize Notice issued on September 11th, 2019, BIL wishes to advise that the 38,948,652 additional Ordinary Shares (i.e. up to 50% of the number of shares provisionally allotted to Shareholders pursuant to the Rights Issue) to be made available for allotment in the “upsizing” of the
Date: September 16, 2019 Jamaica Stock Exchange (JSE) The Board of Directors, Management and staff of the JSE are deeply saddened by the passing of Mr. L. Garth Kiddoe, who transitioned on September 6, 2019. Mr. Kiddoe, who was a member of the Board of Directors of the JSE, Chairman of the Jamaica Central Securities
Date: September 16, 2019 Jetcon Corporation Limited (JETCON) has advised that a connected party purchased 75,062 JETCON shares on September 10, 2019 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 compensation was, is, or will
Date: September 16, 2019 Supreme Ventures Limited (SVL) has advised that a connected party sold 44,888 SVL shares on September 11, 2019. 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 compensation was, is, or will
Date: September 16, 2019 Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2019 recorded a total of $1.36 billion in revenue compared to $1.07 billion booked for the period ended July 31, 2018, a 28% increase year over year. Revenue for the quarter rose 29% to close the quarter at
Date: September 16, 2019 CAC 2000 (CAC) revenues for the nine months ended July 31, 2019 decreased 19% to $737.69 million relative to $908.81 million for the comparable period in 2018. Revenues for the third quarter decreased by 22% to $221.21 million compared to $285.38 million for the same period the prior financial year. Cost of
