September 16, 2020 Management stated that, “2019 was the Company’s best year since being a listed Company.” Mr. Pedro Paris, CEO, gave a synopsis of the Company’s 2019 financial year.Productive Business Solutions Limited (PBS) recorded revenues of US$180.1 million which reflected a 1% increase compared to the previous fiscal year (excluding Telecom). Notably, total equipment
September 16, 2020 Consumer Price Index – August 2020 The consumer price index for August 2020 was 105.9 resulting in an inflation rate of 0.2% increase when compared to previous month’s 105.7 price index, according to the Statistical Institute of Jamaica (STATIN). This increase was as result of, ‘Housing, Water, Electricity, Gas and Other Fuels’,
United States: Fed to Weigh Near Zero Rates Through 2023: Decision Day Guide “Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the U.S. economic recovery. The Federal Open Market Committee is all but certain to
September 15, 2020 The Limner and Bards Limited (LAB), for the nine months ended July 31, 2020, reported a 41% increase in revenues to $686.15 million versus $486.28 million booked in 2019. Revenues for the quarter rose by 41% to $214.73 million (2019: $151.80 million). Management noted that, “the revenue growth was driven by growth
United States: Fed Forecasts to Leave Public Guessing on New Rate-Setting Plan “The Federal Reserve’s new approach to setting interest rates will probably be hard to divine from the economic projections it’s set to publish on Wednesday. That’s because those forecasts, released alongside its policy decision, only encapsulate Fed officials’ views about the next few
September 14, 2020 The Lumber Depot Limited (LUMBER), for the first quarter ended July 31, 2020, reported revenue of $361.20 million, an increase of 11% year over year (2019: $325.24 million). Cost of sales for the period amounted to $294.62 million. Consequently, gross profit for the period closed at $66.58 million. Moreover, the Company reported
September 14, 2020 Knutsford Express Services Limited (KEX), for the year ended May 31, 2020 reported total revenue of $1.02 billion, relative to $1.15 billion reported for the prior financial year. Revenue for the last quarter amounted to $96.45 million, a decrease of 68% from the $304.68 million for the same period last year. Administrative
September 14, 2020 Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2020 recorded a total of $944.59 million in revenue compared to $1.36 billion booked for the period ended July 31, 2019, a 31% decrease year over year. Revenue for the quarter declined drastically by 87% to close the quarter
September 14, 2020 weekly Picks 14.09.2020 DTL Disclaimer: 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 date of this report. Each research analyst (s) also certify that no part of their compensation was,
United States: Fed Must Alter Habits of a Generation in Higher Inflation Quest “The Federal Reserve’s new push for higher inflation means crafting new tactics that convince Americans it won’t clamp down on rising prices. For four decades, the Federal Reserve kept up its guard on inflation, beating it back even when it whispered a
