April 28, 2020 Mayberry Jamaican Equities Limited (MJE) has declared a dividend of $0.06 per share payable on June 26, 2020 to shareholders on record as at May 12, 2020. The ex-dividend date is May 11, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department
November 15, 2019 Click the link below to view Lumber Depot Limited's Junior Market Prospectus. Lumber-Depot-Prospectus The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on
Daily Market Summary 24.05.19 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, is, or will be, directly
United States: U.S. Business-Equipment Orders Decline by More Than Expected Orders with U.S. factories for business equipment declined in April by more than expected in the first drop this year, signaling deepening fallout from the trade war with China even before the latest increase in tariffs. A proxy for business investment -- non-military capital goods
Daily Market Summary 22.05.19 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, is, or will be, directly
Date: May 22, 2019 Jamaican Teas Limited (JAMT) has advised that two connected parties purchased 21,853 JAMT shares on May 21, 2019.
Date: May 22, 2019 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party sold 235,230 CPJ shares on May 17, 2019.
Date: May 22, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a connected party sold 4,986,769 SJ shares on May 21, 2019.
Date: May 22, 2019 Please see attached USA Monthly Economic Review. USA Economic Review - April 2019 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
Date: May 22, 2019 Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the January to March 2019 quarter. The following were noted: Overview of Real Industry Developments For January-March 2019, real GDP grew by an estimated 1.5 percent relative to the corresponding
United States: Fed May Shed Clues on Debate Over Rate Cut: Minutes Preview Federal Reserve Chairman Jerome Powell has cautioned against the need for an interest-rate cut. A record of the U.S. central bank’s most recent meeting could reveal if policy makers in fact discussed that option. Minutes of the Federal Open Market Committee’s April
Date: May 21, 2019 Lasco Manufacturing Limited (LASM) has advised that Mr. Kenneth Sylvester has been appointed to the Board of Directors of the Company effective April 30, 2019.
Date: May 21, 2019 Key Insurance Company Limited (KEY) has advised of the resignation of Director, Keith Collister effective May 17, 2019.
Date: May 21, 2019 Jamaican Teas Limited (JAMT) has advised that two connected parties purchased a total of 79,203 JAMT shares on May 16, 2019.
Date: May 21, 2019 PanJam Investment Limited (PJAM) has advised that two Senior Managers sold a total of 61,000 PJAM shares on May 20, 2019.
Date: May 21, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a connected party and a Director sold 15,031,320 SJ shares during the period May 15 to 17, 2019.
United States: QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar If you thought the Federal Reserve was done with quantitative easing, you might only be half right. As soon as next year, analysts say the Fed will resume large-scale buying of debt securities -- this time just U.S. Treasuries
Daily Market Summary 20.05.19 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, is, or will be, directly
Date: May 20, 2019 tTech Limited (TTECH) has advised that a Director purchased 25, 000 TTECH shares and that a Senior Manager sold 25,000 TTECH shares. These transactions were conducted on May 14, 2019.
Date: May 20, 2019 NCB Financial Group Limited (NCBFG) has advised that a connected party purchased 1,410 NCBFG shares and that a Senior Officer sold 10,023 NCBFG shares. These transactions were conducted on May 16, 2019.
Date: May 20, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 62,507 MJE shares during the period May 15 to 17, 2019.
Date: May 20, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 57,200 MIL shares on May 15, 2019.
United States: Fed’s Kaplan Says Watching Trade War Impact on Economy, Prices Federal Reserve Bank of Dallas President Robert Kaplan says trade tensions might have a chilling effect on the U.S. and global economy, and he’s also watching for the potential effects on inflation. Some end-markets may be jeopardized by the U.S.-China trade dispute, but
Daily Market Summary 07.05.19 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, is, or will be, directly
Date: May 7, 2019 Lasco Manufacturing Limited (LASM) has advised that Mr. Peter Chin resigned as a Director and Deputy Executive Chairman from the Board of LASM effective April 30, 2019.
Date: May 7, 2019 CAC 2000 Limited (CAC) has advised that the Company intends to distribute up to 20% of its audited after-tax profits as dividends, paid twice yearly. CAC further advised that this policy is subject to periodic review on the basis of the operating and economic environment and the financing requirements for the
Date: May 7, 2019 Salada Foods Jamaica Limited (SALF) has advised that the Board will be considering whether or not to make a dividend payment to the Company’s shareholders at the next Board meeting scheduled to take place on Monday, May 13, 2019 at 20 Bell Road, Kingston 11.
Date: May 7, 2019 Lasco Distributors Limited (LASD) has advised that Mr. Peter Chin has resigned as Managing Director and Deputy Chairman form the Board of LASD effective April 30, 2019. LASD further advised that Mr. Dwaine Williams, the General Manager, in collaboration with the Executive Chairman, Mr. Lascelles Chin, will assume the responsibilities and
Date: May 7, 2019 Mayberry Investments Limited (MIL) has advised that the Company and the Jamaica Central Securities Depository (JCSD) are in the process of completing the reconciliation of all applications in respect of the Wigton Windfarm Limited Initial Public Offering. The preliminary basis of allotment will be as follows: First, Reserved Share Applicants will
United States: Mexico Border Delays Weigh on U.S. Investment and Factories More cargo from Mexico to the U.S. is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies. Slower trade between the countries since federal border officers were recently redirected to deal with a surge
Daily Market Summary 06.05.19 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, is, or will be, directly
Date: May 6, 2019 Supreme Ventures Limited (SVL) has advised that the Company has signed a Letter of Intent with the principals of Post to Post Holdings Limited, (the operators of the sports gaming business known as “Any Bet”), for the acquisition of a majority shareholding in the latter company. SVL has further advised that
Date: May 6, 2019 Stanley Motta Limited (SML) has advised that the Board of Directors will be meeting on May 10, 2019 to consider the payment of dividends to stockholders.
United States: Trump's Tariff Threat Leaves Beijing Stalling on Next Talks Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week. China’s foreign ministry
Date: May 3, 2019 NCB Financial Group Limited (NCBFG) has advised that a connected party purchased 200,000 NCBFG shares on May 2, 2019.
Date: May 3, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 2,146,031 MJE shares during the period May 1 to 2, 2019.
Date: May 3, 2019 GraceKennedy Limited (GK) has advised that the Board of Directors will on Thursday, May 9, 2019 consider a resolution for the declaration of an interim dividend to be paid in June 2019.
United States: U.S. Jobs Top Forecast at 263,000 Gain; Wages Miss Estimates The U.S. economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid surprisingly strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run. Payrolls climbed by 263,000 in April
Daily Market Summary 02.05.19 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, is, or will be, directly
NCB Financial Group Limited (NCBFG) has provided the following update regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL): All the terms and conditions of the Offer have been complied with or waived as of the 2nd day of May, 2019.
Date: May 2, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 882,762 MIL shares on April 30, 2019.
Date: May 2, 2019 Eppley Limited (EPLY) has advised that the Board of Directors will meet on Monday, May 13, 2019, to consider the payment of an interim dividend to stockholders.
United States: Powell Brushes Aside Rate-Cut Pressure With Confidence on Prices Federal Reserve Chairman Jerome Powell pushed back against pressure for interest-rate cuts from traders and President Donald Trump, saying inflation will rebound and the economy will stay healthy without fresh help from the central bank. “We don’t see a strong case for moving in
Daily Market Summary 01.05.19 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, is, or will be, directly
Date: May 1, 2019 PJAM has advised that at a meeting of the Board of Directors scheduled for Monday, May 13, 2019, the Directors will consider the payment of a second interim dividend for the year 2019.
Date: May 1, 2019 MJE has also advised that two connected parties purchased a total of 191,767 MJE shares and that a Director sold 1,000,000 MJE shares. These transactions were conducted during the period April 29 to 30, 2019.
Date: May 1, 2019 BIL has also advised of the following Senior Management appointments: Jason Chambers – Managing Director, Barita Unit Trusts Management Limited in addition to his responsibilities as Group Chief Investment Officer Mrs. Paula Barclay – General Manager, BIL Ramon Small-Ferguson - Vice President Asset Management & Research, BIL
United States: Fed Eyes Inflation as Trump Pushes Cut: Decision-Day Guide Federal Reserve policy makers may decide Wednesday that falling inflation reinforces a message of caution on interest-rate moves, rather than bowing to President Donald Trump’s demands for drastic action to boost the U.S. economy. The Federal Open Market Committee is all but certain to
Date: April 30, 2019 CAC 2000 Limited (CAC) has advised that the Company conducted a tender process for external Auditors’ services for the year ending October 31, 2019. CAC has further advised that based on the result of the tender process, the Company will be officially changing Auditors from KPMG to PWC. This will be
Date: April 30, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 46,800 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees on April 25, 2019.
Date: April 30, 2019 NCB Financial Group Limited (NCBFG) has issued a release regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL). NCBFG has advised that the Offer will remain open for acceptance until the 3rd day of May, 2019 at
Date: April 30, 2019 tTech Limited (TTECH) has advised that at a Special Board meeting scheduled to be held on May 10, 2019, a dividend pay-out to shareholders will be considered.
Date: April 30, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 35,000 MJE shares on April 26, 2019.
Daily Market Summary 30.04.19 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, is, or will be, directly
Date: April 30, 2019 Caribbean Cream Limited (KREMI), audited results for the year ended February 28, 2019, reported a 13% increase in revenue totalling $1.55 billion compared to $1.37 billion in the corresponding period last year. Revenue for the fourth quarter rose 6% to close at $405.17 million compared to $381.04 million for the comparable
United States: The Fed Has a Problem at the Heart of Its Battle to Spark Inflation There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price
Daily Market Summary 29.04.19 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, is, or will be, directly
Date: April 29, 2019 Supreme Venture Limited (SVL) has advised that the Board of Directors confirmed that a dividend amount of twenty one (21) cents per stock unit is to be paid to shareholders in accordance with the following Resolutions: “We the Directors hereby agree that the dividend in the amount of twenty one (21)
Date: April 29, 2019 Productive Business Solutions Limited (PBS) has advised that the Company has declared a dividend of US$0.00811 payable to common shareholders on record as at May 10, 2019. The payment date is May 27, 2019 and the ex-dividend date is May 9, 2019.
Date: April 29, 2019 Jetcon Corporation Limited (JETCON) has advised that at the meeting of the Board on Saturday April 27, 2019, the Board approved the payment of an interim dividend of $0.03 per share, to be paid on August 15, 2019. The record date will be July 15, 2019 and the ex-dividend date is
April 29, 2019 Express Catering Limited (ECL) has advised that a Director and two Senior Managers purchased a total of 4,704,800 ECL shares on April 17, 2019.
United States: Fed May End Up Seeing 1995-96 Rate Cuts as a Template for Today As Federal Reserve Chairman Jerome Powell and his colleagues gather this week for a policy making meeting, some of them will likely have 1995 on their mind. That was the year that the Fed initiated a mid-course correction in monetary
Daily Market Summary 26.04.19 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, is, or will be, directly
Date: April 26, 2019 Victoria Mutual Investments Limited (VMIL) has advised that at a meeting of the Board of Directors scheduled to be held on May 14, 2019 an interim dividend payment will be considered.
Date: April 26, 2019 NCB Financial Group Limited (NCBFG) has declared an interim dividend of $0.90 per share payable on May 27, 2019 to shareholders on record as at May 10, 2019. The ex-dividend date is May 9, 2019.
Date: April 26, 2019 Kingston Wharves Limited (KW) has advised that a connected party purchased 50,000 KW shares on April 8, 2019.
United States: U.S. Growth of 3.2% Tops Forecasts on Trade, Inventory Boost U.S. economic growth accelerated by more than expected in the first quarter on a big boost from inventories and trade that offset a slowdown in consumer spending, bolstering hopes that growth is stabilizing after its recent soft patch. Gross domestic product expanded at
Daily Market Summary 25.04.19 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, is, or will be, directly
Please see attached USA Monthly Economic Review. USA Economic Review - March 2019 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
Date: April 25, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 12,064 MJE shares on April 24, 2019.
United States: U.S. and Japan Starting Next Round of Accelerated Trade Talks U.S. and Japanese negotiators will begin a second round of trade talks in Washington on Thursday as they aim to secure a speedy deal focused on agriculture and vehicles. Japanese Economy Minister Toshimitsu Motegi will hold talks with U.S. Trade Representative Robert Lighthizer,
Daily Market Summary 24.04.19 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, is, or will be, directly
United States: Trump’s Top Economist Sees Trade Wars Like Battle Against Scurvy Donald Trump’s top economist has a new analogy for those bemoaning the impacts of the administration’s trade wars: Just think of the U.S. economy as an 18th century warship battling a scurvy outbreak and Trump’s tariffs and other trade weapons as the bitter
Daily Market Summary 23.04.19 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, is, or will be, directly
Date: April 23, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 99,541 MJE shares on April 18, 2019.
United States: Trump’s Top Economist Sees Trade Wars Like Battle Against Scurvy Donald Trump’s top economist has a new analogy for those bemoaning the impacts of the administration’s trade wars: Just think of the U.S. economy as an 18th century warship battling a scurvy outbreak and Trump’s tariffs and other trade weapons as the bitter
Daily Market Summary 16.04.19 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, is, or will be, directly
Date: April 16, 2019 Scotia Investments Jamaica Limited (SIJL) has advised that all its offices will be closed to the public on Wednesday April 17, 2019 to facilitate an important internal meeting. SIJL has also advised that trades in the system for Wednesday will be settled in the usual manner. Normal operating hours will resume
United States: Global Trade Talks Consume Plans of Four Biggest Growth Engines Diplomatic efforts to end a global trade war are expanding to multiple fronts as the European Union and Japan begin talks soon with President Donald Trump’s administration just as the U.S. looks to seal a deal with China. As negotiations between Beijing and
Daily Market Summary 15.04.19 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, is, or will be, directly
Date: April 15, 2019 Supreme Ventures Limited (SVL) has advised that a meeting of the Board of Directors will be held on Thursday, April 25, 2019 at 9:00 a.m., at which the payment of an interim dividend will be considered.
Date: April 15, 2019 NCB Financial Group Limited (NCBFG) has issued a release regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited. NCBFG has advised that the Offer remains open for acceptance until the 30th day of April, 2019 at 4:00 p.m.
Date: April 15, 2019 Sagicor Group Jamaica Limited (SJ) has advised that an Officer and a connected party sold a total of 167,700 SJ shares during the period April 9 to 12, 2019.
Date: April 15, 2019 Knutsford Express Services Limited for the nine months ended reported total revenue of $841.93 million, a 24% or $164.80 million increase when compared with the $677.13 million reported for the same period in 2018. For the third quarter, revenues amounted to $286.82 million, a 24% increase relative to the $231.71 million
United States: The Fed Takes a Second Look at Its Good-News Story on American Jobs It began as an inquest into what went wrong. Now the Federal Reserve’s policy rethink may be widening to include the part the central bank thought it had gotten right. Inflation keeps falling short of the Fed’s target, and that
Daily Market Summary 12.04.19 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, is, or will be, directly
Date: April 12, 2019 Pulse Investments Limited (PULS) has advised that Pulse Global was launched at 10:30 a.m. on Tuesday, April 9, 2019 at the Palace Cineplex in the Sovereign Centre. For further details, please visit www.jamstockex.com.
Date: April 12, 2019 Barita Investments Limited (BIL) has advised that a Senior Manager purchased 14,240 BIL shares on April 11, 2019.
Date: April 12, 2019 Sagicor Group Jamaica Limited (SJ), for the twelve months ended December 31, 2018 reported that total revenues increased by 1% to $70.66 billion from $69.73 billion in 2017 while for the fourth quarter revenues amounted to $19.18 billion (2017: $16.59 billion) a 16% uptick. Total revenue for the FY2018 was broken
United States: JPMorgan Gets One More Boost Off Rate Hikes Before Fed Pause The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates. JPMorgan Chase & Co. said net interest income -- revenue from customers’ loan payments minus what the bank pays
Daily Market Summary 11.04.19 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, is, or will be, directly
Date: April 11, 2019 Kingston Wharves Limited (KW) has advised that a connected party sold a total of 5,200 KW shares during the period April 3 to 8, 2019.
Date: April 11, 2019 Express Catering Limited (ECL) for the nine months ended February 28, 2019 reported a 7% increase in revenue to US$12.11 million (2017: US$11.27 million). Revenue for the quarter advanced 4% to close at US$4.93 million relative to US$4.39 million reported the previous year. Notably, the company stated, “The upgrading works being
Date: April 11, 2019 In United States dollars (except where it is indicated otherwise): Margaritaville Turks Limited (MTL), for the nine months ended February 28, 2019, reported revenues of $5.52 million versus $4.06 million in the prior corresponding period. Management stated that, “This was earned from the 827,320 passengers that descended on the port for
Date: April 11, 2019 General Accident Insurance Company Limited (GENAC), audited results for the year ended December 31, 2018 reported Gross premium written of $8.74 billion, 23% higher than the $7.11 billion reported for 2017. Reinsurance ceded rose 21% to close at $6.75 billion relative to $5.56 billion booked in 2017. Excess of loss reinsurance
United States: Fed Signals a Year of Patience Is Ahead With a Grab Bag of Growth Risks Federal Reserve officials signaled on Wednesday they’re prepared to move interest rates higher or lower as needed, but an unusual mix of risks means they could remain on hold all year. Despite an economy that is forecast to
Daily Market Summary 10.04.19 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, is, or will be, directly
Date: April 10, 2019 Paramount Trading (Jamaica) Limited (PTL) has advised that as at March 31, 2019, Mr James Lechler has been appointed as an independent non-executive member of the Compensation Committee following the casual vacancy left by the passing of Mr. Daryl Fong Kong.
Date: April 10, 2019 Lasco Distributors Limited (LASD) has advised that Mr. Kenneth Sylvester was appointed to the Board of Directors on March 28, 2019.
Date: April 10, 2019 Jamaica Broilers Group Limited (JBG) has advised that on April 4, 2019, a director sold 500,000 JBG shares and a connected party purchased 500,000 JBG shares.
United States: Fed Is Likely Unswayed by Clamor for Rate Cuts: Minutes Preview As financial markets and the Trump administration clamor for lower interest rates in the face of a slowing economy, the Federal Reserve is refusing to see any rush. Analysts will be seeking clues to the limits of that patience on Wednesday, when
Daily Market Summary 09.04.19 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, is, or will be, directly
Date: April 9, 2019 Radio Jamaica Limited (RJR) has advised of the appointment of Joseph M. Matalon as Chairman to replace Hon. Oliver F. Clarke, O.J. who has given notice that he will demit office on April 30, 2019. Mr. Clarke will continue to serve as a director. RJR has also advised that the Company
April 9, 2019 Paramount Trading (Jamaica) Limited (PTL) has advised that on March 29, 2019 , a senior officer purchased 160,106 PTL shares.
Date: April 9, 2018 Survey of Business & Consumer Confidence Index The Jamaica Chamber of Commerce announced the results of the 2019 1st Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was led by Mr. Andre Gooden, followed by Mr. Don Anderson, Managing Director at Market Research Services Ltd whom presented
Daily Market Summary 05.04.19 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, is, or will be, directly
Date: April 5, 2019 Victoria Mutual Investments Limited (VMIL) has advised that a Director sold 32,645 VMIL shares on April 3, 2019.
United States: U.S. Payrolls Top Estimates With 196,000 Rise as Wages Cool U.S. hiring rebounded more than forecast in March and the prior month was stronger than first reported, potentially relieving some concerns about a cooling economy. Wage gains eased and the unemployment rate held near a 49-year low. Payrolls rose 196,000 after a 33,000
Daily Market Summary 04.04.19 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, is, or will be, directly
Date: April 4, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 45,600 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees on March 28, 2019.
JMMB Group Limited (JMMBGL) has advised of the following appointments effective April 1, 2019: Julian Mair as Group Chief Capital Markets Officer Damion Brown as Group Chief Investments Officer; and Dereck Rajack as Group Chief Risk Officer
Date: April 4, 2019 Radio Jamaica Limited (RJR) has advised that a connected party sold 77,400,000 RJR shares on March 27, 2019.
Date: April 4, 2019 Kingston Wharves Limited (KW) has advised that a connected party sold 15,218 KW shares during the period March 29, 2019 to April 1, 2019.
United States: For U.S. Business, Trump's China Deal Can't Come Soon Enough Pretty much everyone from farmers in the American grain belt to importers of technology products wants an end to President Donald Trump’s trade war with China. For Tore Torvund, who runs a silicon materials manufacturer, however, Trump striking a deal with Beijing has
Date: April 3, 2019 NCB Financial Group Limited (NCBFG) has advised that in an effort to create a more cohesive sales and service experience for National Commercial Bank Jamaica Limited’s (NCBJ) consumer, SME and corporate customers, effective April 5, 2019, NCBJ’s Retail and Corporate Banking Divisions will be consolidated. The combined division will be called
Date: April 3, 2019 The Jamaica Stock Exchange (JSE) has advised that the Company has signed a Master Services Agreement with Blockstation on March 29, 2019 to enable the trading of digital assets and security tokens. The JSE has also advised that it has entered into an agreement with Nasdaq, for Nasdaq to deliver matching
Date: April 3, 2019 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party purchased 34,000 CPJ shares on March 29, 2019.
Date: April 3, 2019 Victoria Mutual Investments Limited (VMIL) has advised that a Director sold 153,863 VMIL shares on April 2, 2019.
Date: April 3, 2019 Supreme Ventures Limited (SVL) has advised that a connected party purchased 167,023 SVL shares during the period March 27, 2019 to April 1, 2019.
Date: April 3, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 20,502 MIL shares and that a Director sold 721 MIL shares. These transactions were conducted on March 29, 2019.
Daily Market Summary 03.04.19 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, is, or will be, directly
United States: Fed Risks Stoking Financial Bubble in Drive to Lift Inflation The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s surprise pivot away from any interest rate increases this year has boosted
Daily Market Summary 02.04.19 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, is, or will be, directly
Date: April 2, 2019 iCreate Limited (ICREATE) has advised that the Company and the Kingston & St Andrew Municipal Corporation (KSAMC) signed a memorandum of understanding (MOU) to train forty (40) young people from the KSAMC in Digital Video Production. For more details, visit the JSE’s website, www.jamstockex.com.
Date: April 2, 2019 Sagicor Group Jamaica Limited (SJ) has also advised that the meeting of the Board of Directors scheduled to be held on April 1, 2019 to declare a first interim dividend was postponed. The new date for this meeting will be advised as soon as it has been determined.
Date: April 2, 2019 MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on the 27th of March 2019 the Company was submitted as a shareholder who invested in the Cayman Islands based company MPC Caribbean Clean Energy Fund LLC for a committed amount of USD 10,650,000.00. MPC Caribbean Clean Energy Fund LLC (Fund) is
Date: April 2, 2019 Victoria Mutual Investments Limited (VMIL) has advised that a Director sold a total of 92,001 VMIL shares during the period March 27, 2019 to April 1, 2019.
United States: If You Think Trump’s China Policy Is Tough, Wait for Car Tariffs President Donald Trump’s threat to restrict foreign car imports would have a greater effect on the global economy than the U.S.-China conflict, according to World Trade Organization Chief Economist Robert Koopman. “Let me suggest a back-of-the-envelope calculation,” Koopman told reporters on
Daily Market Summary 01.04.19 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, is, or will be, directly
Date: April 1, 2019 Everything Fresh Limited (EFRESH), audited results for the year ended December 31, 2018 reported that Revenue grew by 4% for the period amounting to $1.88 billion, up from $1.81 billion reported a year ago. For the fourth quarter, revenues totaled of $488.68 million, a 10% increase when compared to last period’s
Date: April 1, 2019 NCB Financial Group Limited (NCBFG) has advised that on March 20, 2019, a total of 15,255 NCBFG shares were transferred to Executive Officers of NCBFG subsidiaries as a result of the winding-up of the NCB Employees Share Scheme. On April 1, 2019, NCBFG provided additional updates on the status of the
Date: April 1, 2019 Barita Investments Limited (BIL) has advised that a connected party purchased 1,643,832 BIL shares on March 29, 2019.
Date: April 1, 2019 ISP Finance Services Limited (ISP), audited results for the year ended December 31, 2018 reported total interest income amounted to $306.57 million compared to $288.74 million in 2017, an increase of 6%. For the quarter, total interest income amounted to $92.70 million (2017: $78.49 million). Total income is broken down as follows:
Date: April 1, 2019 Eppley Limited (EPLY), audited results for the year ended December 31, 2018 reported interest income of $319.19 million a 22% or $57.78 million increase when compared $261.41 million recorded for the corresponding period in 2017. Total interest income for the quarter amounted to $84.77 million a 20% increase when compared to the
Date: April 1, 2019 IronRock Insurance Company Limited (ROC), audited results for the year ended December 31, 2018 posted gross premium of $571.84 million relative $424.46 million; this represents a 35% increase. Change in gross provision for unearned premiums amounted to $42.11 million compared to $142.65 million in 2017. As a result, gross insurance premium revenue
United States: Fed's Quarles Says Interest Rate Increases May Yet Be Needed Federal Reserve Vice Chairman for Supervision Randal Quarles said he’s still upbeat about the U.S. economy and expects additional interest-rate increases may be necessary “at some point.” Quarles said he supported the Fed’s recent decision to put additional moves on hold following four
March 29, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 205,058 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees and Executives during the period March 20 to 22, 2019.The aforementioned advisory supersedes the following notice published on March 28, 2019: “SJ has advised that
March 29, 2019 Jamaica Broilers Group Limited (JBG) has advised that at a Board meeting held on March 27, 2019 an interim dividend of $0.20 per share was declared. The dividend will be paid on April 30, 2019 to shareholders on record as at April 10, 2019. The ex-dividend date is April 9, 2019.
March 29, 2019 Berger Paints Jamaica Limited (BRG) has advised that the Board of Directors, on March 27, 2019, passed a resolution recommending that a final dividend of J$0.307 per share be paid on May 28, 2019 to shareholders on record as at May 10, 2019. The ex-dividend date is May 9, 2019.
Date: March 29, 2019 Barita Investments Limited (BIL) Sagicor Investments Limited has advised of the closure of Barita Investments Limited’s Non-Renounceable Rights Issue. The Offer, made subject to the Circular Letter of BIL dated January 28, 2019, closed on March 25, 2019 at 4:00 p.m.
Date: March 29, 2019 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party purchased 54,300 CPJ shares on March 21, 2019.
Date: March 29, 2019 Mayberry Investments Limited (MIL) has advised that a Director sold 56,600 MIL shares on March 27, 2019
Date: March 29, 2019 Kingston Wharves Limited (KW) has advised that a connected party sold 19,466 KW shares during the period March 25 to 27, 2019.
United States: U.S. Consumer Spending Misses Forecasts as Inflation Eases U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook. Purchases, which account for about 70 percent of the economy, rose 0.1 percent from the
Daily Market Summary 28.03.19 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, is, or will be, directly
Date: March 28, 2019 tTech Limited (TTECH) has advised that the following appointments became effective on March 25, 2019 and not February 2019 as previously indicated: Mrs. Lesley Cousins, Manager, Project Management Office Ms. Nardia Puran, Service Desk Manager
March 28, 2019 Jamaica Public Service Company Limited (JPS) has advised that Sagicor Investments Jamaica Limited and Sagicor Bank Jamaica Limited have successfully raised US$180 million via two bond offers and syndicated loan for the Company. JPS has further advised that the proceeds of the raise will go towards refinancing one of the Company’s existing
March 28, 2019 Lasco Financial Services Limited (LASF) has advised that a Senior Manager and a connected party sold a total of 1,245,527 LASF shares and that a connected party purchased 172,003 LASF shares. These transactions were conducted during the period March 21 to 25, 2019.
March 28, 2019 Victoria Mutual Investments Limited (VMIL) has advised that a Director sold 275,694 VMIL shares on March 26, 2019.
Date: March 28, 2019 Sagicor Group Jamaica Limited (SJ) has advised that two Senior Managers purchased a total of 168,058 SJ shares and that two connected parties sold a total of 205,058 SJ shares. These transactions were conducted during the period March 20 to 22, 2019.
March 28, 2019 JMMB Group Limited (JMMBGL) has advised that a connected party sold 20,000 JMMBGL shares on March 22, 2019.
Date: March 28, 2019 Barita Investments Limited (BIL) has advised that a Director purchased 10,000 BIL shares on March 25, 2019.
United States: U.S. Trade Team Back in Beijing as China Sees Much Still to Do U.S. trade officials including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer landed in Beijing Thursday for talks aimed at nailing down a deal with China, as an official there warned there are still many issues outstanding. Arriving at
Date: March 27, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight balances1 at Bank of Jamaica) by 25 basis points to 1.25 per cent. The decision to lower the policy rate is aimed at supporting inflation returning to and remaining on target (4.0 per cent
Daily Market Summary 27.03.19 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, is, or will be, directly
Date: March 27, 2019 Sagicor Group Jamaica Limited (SJ) has advised that the Board of Directors’ meeting scheduled to be held on March 29, 2019, at which consideration would be given to the payment of an interim dividend, has been rescheduled. The meeting will now be held on Monday, April 1, 2019.
Date: March 27, 2019 Victoria Mutual Investments Limited (VMIL) has advised that a connected party sold 77,500 VMIL shares on March 25, 2019.
Date: March 27, 2019 NCB Financial Group Limited (NCBFG) has advised that a Director purchased 13,500 NCBFG shares on March 21, 2019.
Date: March 27, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 300,000 MJE shares on March 25, 2019.
Date: March 27, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 480,284 MIL shares and that a connected party sold 334,999 MIL shares. These transactions were conducted on March 25, 2019.
United States: U.S. January Trade Gap Narrows as Imports From China Plummet The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost. The deficit in goods and services narrowed
Daily Market Summary 26.03.19 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, is, or will be, directly
Date: March 26, 2019 Sagicor Group Jamaica Limited (SJ) has advised that the Board of Directors of the Company will convene a meeting to consider and recommend a dividend on Friday, March 29, 2019.
Date: March 26, 2019 Jamaican Teas Limited (JAMT) has advised that a Director sold 250,000 JAMT shares on February 24, 2019.
Date: March 26, 2019 Supreme Ventures Limited (SVL) has advised that a connected party purchased 55,000 SVL shares and that a connected party sold 1,500 SVL shares. These transactions were conducted during the period March 19 to 20, 2019.
Date: March 26, 2019 Jamaica Producers Group Limited (JP) has advised that a connected party purchased 133,202 JP shares during the period March 21 to 22, 2019.
United States: Trump Fed Pick Moore Has Burned Bridges But Made Few GOP Enemies President Donald Trump’s pick for an open Federal Reserve board seat, Stephen Moore, has sharply criticized some of the Republican senators whose votes he’ll need for confirmation. Yet that hasn’t made him many enemies. “I’ve known him a long time and
Daily Market Summary 25.03.19 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, is, or will be, directly
United States: Fed Policy ‘About Right’ After Pivot, Economists Say The Federal Reserve is getting monetary policy “about right” after pivoting in recent weeks to a decidedly more dovish posture than at the end of 2018, according to a plurality of economists surveyed by Bloomberg. Just under half of all respondents to a March 21-22
Daily Market Summary 22.03.19 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, is, or will be, directly
Date: March 22, 2019 Caribbean Cement Company Limited (CCC) has announced that the Company will rectify its Register of Members to (i) strike out the name of Scancem International (St. Lucia) Limited (“Scancem”) as the registered holder of 42,187,482 ordinary stock units (4.96% of the issued stock units) in the Company, and (ii) insert in
March 22, 2019 Honey Bun (1982) Limited (HONBUN) has advised that a connected party purchased 10,000 HONBUN shares during the period March 14 to 19, 2019.
Date: March 22, 2019 NCB Financial Group Limited (NCBFG) has advised that three Directors purchased 19,162,386 NCBFG shares and that a connected party sold 19,141,110 NCBFG shares. These transactions were conducted during the period March 20 to 21, 2019.
Date: March 22, 2019 Mayberry Jamaican Equites Limited (MJE) has advised that a connected party purchased 5,000 MJE shares on March 21, 2019
Date: March 22, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 1,883 MIL shares on March 21, 2019.
United States: The U.S. Bond Market Fools Traders Once Again U.S. Treasuries are, once again, proving to be a buy at almost any price. After the Federal Reserve’s surprise dovish turn this week, investors have piled into the $15.8 trillion market, leaving the 10-year note yielding less than 2.5 percent. Just a few months ago,
Date: March 21, 2019 Medical Disposables & Supplies Limited (MDS) has advised that a Director purchased 65,333 MDS shares during the period March 14 to 15, 2019.
Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party sold 3,000 CPJ shares on March 18, 2019.
Jamaica Producers Group Limited (JP) has advised a connected party purchased 35,219 JP shares on March 19, 2019.
Please see attached USA Monthly Economic Review. USA Economic Review - February 2019 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
United States: Powell Aims to Dodge Japan Deflation Trap With Dovish Fed Tilt Almost 40 years after Paul Volcker brought the U.S. economy to its knees to bring inflation down, Federal Reserve Chairman Jerome Powell and his colleagues are on a mission to stoke price pressures and avoid a Japan-like deflationary trap. Declaring that too-low
Daily Market Summary 20.03.19 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, is, or will be, directly
Date: March 20, 2019 Supreme Ventures Limited (SVL) has advised that a connected party purchased 110,580 SVL shares during the period March 14 to 15, 2019.
Date: March 20, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a connected party sold 13,560 SJ shares during the period March 14 to 15, 2019.
Date: March 20, 2019 Radio Jamaica Limited (RJR) has advised that a Director purchased 282,916 RJR shares on March 19, 2019.
Date: March 20, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 15,265 MJE shares and that a connected party sold 8,000 MJE shares. These transactions were conducted on March 18, 2019.
Date: March 20, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 241,007 MIL shares and that a connected party sold 170,001 MIL shares. These transactions were conducted on March 18, 2019.
Date: March 20, 2019 Kingston Wharves Limited (KW) has advised that a connected party sold 11,488 KW shares on March 20, 2019.
United States: Fed May Retain Bias to Hike Interest Rates: Decision-Day Guide Federal Reserve Chairman Jerome Powell says the central bank has no bias in whether its next move is up or down, but his colleagues may deliver a more hawkish message. The Federal Open Market Committee is likely to forecast one interest-rate increase for
Daily Market Summary 19.03.19 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, is, or will be, directly
United States: Rate-Hike Patience May Leave Fed in a Bind If Inflation Softens Federal Reserve officials say they’re willing to tolerate an overshoot of their inflation goal. If the opposite happens, the plan is less clear. Core inflation, excluding energy and food prices, is currently just shy of the central bank’s 2 percent target. Most
Date: March 18, 2019 Consumer Price Index – Feburary 2019 The consumer price index for the month of February 2019 recorded an inflation rate of 0.1%, following a 0.2% decline in its index for January 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of February fell to
United States: Fed Expected to Hit Rate Cycle’s Peak After One More Hike: Survey The Federal Reserve will bring the current cycle of interest-rate increases to an end after one more hike later this year, according to a new Bloomberg survey of economists. The median of responses in the March 13-15 poll predicted one hike
United States: Why the U.S. Trade Deficit Keeps Growing Ever since U.S. President Donald Trump came to power, his administration has focused on shrinking the trade deficit, pressuring foreign countries to reduce barriers to American exports. Yet the government recently reported that the deficit rose significantly in 2018, to $621 billion. What gives? Shouldn’t Trump’s
Daily Market Summary 14.03.19 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, is, or will be, directly
United States: China and U.S. to Push Back Trump-Xi Meeting to at Least April A meeting between President Donald Trump and President Xi Jinping to sign an agreement to end their trade war won’t occur this month and is more likely to happen in April at the earliest, three people familiar with the matter said.
Daily Market Summary 13.03.19 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, is, or will be, directly
United States: U.S. Business-Equipment Orders Advance by Most in Six Months Orders placed with U.S. factories for business equipment rebounded in January by the most in six months, a sign demand is withstanding concerns about slower global growth and the trade war with China. Non-military capital goods orders excluding aircraft -- a proxy for business
Daily Market Summary 12.03.19 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, is, or will be, directly
United States: U.S. Core Inflation Unexpectedly Cools on Autos, Drug Prices A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core
Daily Market Summary 11.03.19 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, is, or will be, directly
Date: March 11, 2019 Dolphin Cove Limited (DCOVE), for the twelve months ended December 31, 2018 reported total revenue of US$14.89 million, a 10% decrease when compared to US$16.63 million booked the year prior. For the quarter total revenues decline by 9% to close the period at US$3.27 million versus $3.60 million in the previous year.
United States: U.S. Retail Sales Rise in January, Stabilizing After a Slump U.S. retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after
Daily Market Summary 8.03.19 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, is, or will be, directly
United States: Deal or No Deal, Trump’s Trade War With China Has Scarred the Global Economy A deal between the U.S. and China to drop tariffs couldn’t come soon enough for a global economy already showing strains from the trade war. Economists predicted that eye-for-an-eye tariffs by the U.S. and China could eat into world
Daily Market Summary 7.03.19 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, is, or will be, directly
United States: U.S. Trade Gap Surged to $621 Billion in 2018, 10-Year High The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual
Daily Market Summary 5.03.19 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, is, or will be, directly
United States: Trump's Trade Step Shows U.S. Can Hit Turkey Where It Hurts President Donald Trump’s decision to strip some Turkish exporters of their preferential trade status is taken from a playbook that’s been effective in the past. American officials are pressing Ankara to abandon its longstanding agreement to buy a Russian air defense system.
Date: March 4, 2019 Jetcon Corporation Limited (JETCON), for the twelve months December 31, 2018 reported turnover for the twelve months fell by 1% to $1.16 billion (2017: $1.18 million) while for the fourth quarter revenues dipped to $269.19 million in 2018 from $290.04 million in 2017. Cost of sales also increased by 5% to
Date: March 4, 2019 Kingston Wharves Limited (KW) for the year ended December 31, 2018 reported total revenue of $7.25 billion, a 13.9% or $884.33 million increase relative to the $6.37 billion recorded for the corresponding period in 2017. Of this the terminal operations segment booked revenues of $5.34 billion (2017: $4.92 billion), while Logistics
Date: March 4, 2019 Stationery & Office Supplies Ltd. (SOS), for the year ended December 31, 2018, reported year end revenue of $1.06 billion relative to $906.51 million in 2017 a 17% increase, while for the fourth quarter revenues moved from $241.63 million to $262.92 million in 2018. The company’s cost of sales totaled $559.85 million
Date: March 1, 2019 Victoria Mutual Investments Limited (VMIL) has advised that at a meeting of the Board of Directors held on 28 February 2019, a recommendation was made for no dividend payment to be made at this time.
Date: March 1, 2019 Jamaica Stock Exchange (JSE) wishes to inform that on Friday, March 1, 2019, the JSE will introduce a new index, the JSE Financial Index. The JSE Financial Index will track the performance of financial services companies, which includes insurance companies, banks, microfinance companies, consumer finance companies and diverse financial services companies
Date: March 1, 2019 GraceKennedy Limited (GK) has advised that the Board of Directors at a meeting held on February 28, 2019, passed the following Resolution: “That interim dividend of 35 cents per stock unit be paid on 4th April 2019 to the stockholders on record at the close of business on 15th March 2019.”
Date: March 1, 2019 Barita Investments Limited (BIL) has advised that a meeting of the Board of Directors will be held on Friday, March 8, 2019, at which time the Directors will consider and (if thought fit) recommend the payment of an interim dividend to ordinary stockholders.
Date: March 1, 2019 BPOW for the nine months ended January 31, 2019 revenues increased by 11% to $1.27 billion relative to $1.15 million recorded in 2018. For the third quarter, revenue increased 5% from $388.30 million in 2018 to $408.62 million. The company indicated, “Overall sales for the three-month period are up by 5%
Date: March 1, 2019 Jamaica Stock Exchange Limited (JSE), for the year ended December 31, 2018, recorded total revenue of $1.39 billion, a 40% increase when compared to the $991.15 million booked the prior year. Total revenue for the quarter amounted to $385.40 million (2017: $295.68 million). Of this: o Cess income increased by 73% to
Daily Market Summary 28.02.19 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, is, or will be, directly
Date: February 28, 2019 NCB Financial Group Limited (NCBFG) has advised that three Directors and four Executive Officers purchased a total of 976,145 NCBFG shares on February 25, 2019.
Date: February 28, 2019 Jamaica Stock Exchange (JSE) has advised that a meeting of the Board of Directors will be held on March 12, 2019 to consider the payment of a dividend.
United States: U.S. GDP Grows Above-Forecast 2.6% as Business Spending Picks Up The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate of gains in gross domestic
Date: February 27, 2019 Lasco Financial Services Limited (LASF) has advised that Mr. Peter Chin resigned from the Board of Directors of the Company effective February 12, 2019 to make way for the appointment of Mr. Vincent Chen as Non-Executive Director.
Date: February 27, 2019 Sagicor Real Estate X Fund Limited (XFUND) has advised that Dr. Patricia Downes-Grant has resigned as a Director of the Company effective September 5, 2018. XFUND has also advised that Messrs. Colin Steele and Bruce James have been appointed Directors effective October 1, 2018.
Date: February 27, 2019 Sagicor Group Jamaica Limited (SJ) has advised that two connected parties sold 136,546 SJ shares during the period February 22 to 25, 2019.
Daily Market Summary 27.02.19 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, is, or will be, directly
United States: America’s Job Market Has Some Upside as Disabled Workers Return Whether would-be workers linger on the U.S. labor market’s sidelines is a key question: it will determine how fast the country’s economy can grow, how fast wages might rise, and, potentially, how patient the Federal Reserve can afford to be with rate increases.
Daily Market Summary 26.02.19 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, is, or will be, directly
United States: U.S. Farmers Fear Trump’s Assault on WTO Hurts Them Donald Trump’s attack on the World Trade Organization has U.S. farmers worried that the president’s ‘America first’ foreign policy approach will hamstring efforts to defend their interests. The U.S. is strangling the ability of the WTO, which oversees the rules for nearly $23 trillion
Please see attached USA Monthly Economic Review: USA Economic Review - January 2019 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
Daily Market Summary 20.02.19 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, is, or will be, directly
Date: February 20, 2019 Berger Paints Jamaica Limited (BRG) has advised that the Board of Directors’ meeting held on February 13, 2019 was adjourned and the matter of dividend will be taken up on resumption.
Date: February 20, 2019 Sagicor Group Jamaica Limited (SJ) has advised that the Company has restructured its Enterprise Risk Management & Compliance Department (ERMC) in keeping with the Company’s strategy to improve its business. Effective March 22, 2019, Miss Hope Wint, Vice President, Enterprise Risk Management & Compliance will demit office and Mrs. Danielle Davidson
Date: February 20, 2019 Supreme Ventures Limited (SVL) has advised that a connected party sold 14,627 SVL shares on February 14, 2019.
Date: February 20, 2019 JMMB Group Limited (JMMBGL) has advised that a Director purchased 2,000 JMMBGL shares on February 15, 2019.
Date: February 20, 2019 GraceKennedy Limited (GK) Has advised that the Board of Directors will on Thursday, February 28, 2019 consider a resolution for the declaration of an interim dividend to be paid in April 2019.
Date: February 20, 2019 Fontana Limited (FTNA), for the six months ended December 31, 2018 recorded a 7% increase in revenues to total $2.16 billion compared to $2.01 billion for the same period in 2017. Revenue for the 2nd quarter went up by 9% to $1.22 billion (2017: $1.12 billion). Cost of Sales for the period
United States: U.S. Push for Stable Yuan May Unwind China's Move Toward Markets President Donald Trump may finally get to deliver on his campaign promise to address China’s management of its currency for what he has insisted is its trade advantage. But it would mean an about-face on almost a decade of global economic policy.
Daily Market Summary 19.02.19 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, is, or will be, directly
Date: February 19, 2019 Pulse Investments Limited’s (PULS) AGM was held on February 19, 2019, and hosted by Mr. Kingsley Cooper, Chairman of the said company. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. For the financial year under review, Mr. Cooper highlighted that, “Overall
United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has
Daily Market Summary 18.02.19 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, is, or will be, directly
NCB Financial Group Limited (NCBFG) has advised that two Directors purchased a total of 16,352,736 NCBFG shares and that a connected party sold 16,352,736 NCBFG shares. These transactions were conducted on February 14, 2019.
United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national
Proven Investments Limited (PROVEN) has advised that the Company’s total equity holdings in Dream Entertainment Limited, now stands at 2,500 units which represents 20% of the participating voting shares in Dream Entertainment Limited. PROVEN has also advised that the purpose of the acquisition is to generate dividend income. Dream Entertainment Limited will now be characterized
Daily Market Summary 15.02.19 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, is, or will be, directly
Date: February 15, 2018 GWEST Corporation Limited (GWEST), for the nine months ended December 31, 2018 booked Total revenue amounting to $90.08 million, an increase of 46% when compared with the $61.58 million booked last year. Revenue rose by 49% or $10.72 million for the third quarter, amounting to $32.38 million (2017:$21.66 million). Cost of sales
United States: Xi Hails Important Progress, Says Trade Talks to Resume in U.S. President Xi Jinping said U.S.-China trade talks would continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods after March 1. “Negotiations between both sides have achieved important progress
Date: February 14, 2018 Productive Business Solutions Limited (PBS), for the year ending December 30, 2018 reported an increase in revenues from US$171.99 million in 2017 to US$185.50 million in 2018, an 8% increase. For the quarter, revenues increased 25% to total US$57.79 million relative to US$46.36 million the prior quarter. Direct expenses increased 12% to
Date: February 14, 2018 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2018 reported Gross premium written of $8.74 billion, 23% higher than the $7.11 billion reported for 2017. According to GENAC, “The development of our premium volume was driven by strong growth in the motor product.” Reinsurance ceded rose 21% to
KEY Insurance Company Limited (KEY), for the year ended December 31, 2018 reported a 27% increase in net premiums written to $1.18 billion from $930.30 million in 2017. For the fourth quarter ended December 31, 2018, Key Insurance Company Limited (KEY), reported a 20% decrease in net premiums written to $236.07 million from $293.58 million. This
Carreras Limited (CAR), for the nine months ended December 30, 2018 reported Operating Revenue of $9.86 billion, 3% more than the $9.53 billion booked in 2017. Revenue for the quarter increased by 2% compared to the corresponding quarter moving to $3.55 billion in 2018 from $3.47 billion in 2017. Cost of Operating Revenue also increased year
Date: February 14, 2018 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2018 recorded trading income of $1.63 billion; this represented a growth of 50% when compared to $1.09 billion posted in 2017 while trading income for the quarter amounted to $545.20 million (2017: $407.48 million. Other income surged to $109.15 million
Date: February 14, 2018 Eppley Limited (EPLY) for the year ended December 31, 2018 reported interest income of $319.62 million a 22% or $58.21 million increase when compared $261.41 million recorded for the corresponding period in 2017. Total interest income for the quarter amounted to $85.20 million a 21% increase when compared to the $70.44 million
United States: Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room Nobel laureate Paul Krugman said the U.S. economy may be heading into a recession at a time when the Federal Reserve doesn’t have the firepower to properly combat a slump. “There seems to be an accumulation of smaller problems and the underlying backdrop
Daily Market Summary 08.02.19 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, is, or will be, directly
Carreras Limited (CAR) has advised of the resignation of Mrs. Rosa Pereira Sigala as a Director effective February 6, 2019.
Supreme Ventures Limited (SVL) has advised that a meeting of the Board of Directors will be held on Thursday, February 21, 2019 at 9:00 a.m., to consider the payment of an interim dividend.
Please see press release from NCB Financial Group (NCBFG) attached. Notice-Extension-of-Closing-Date-Full-Final 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
United States: Trump Says He Won’t Meet Xi Jinping Before Tariff Deadline President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and
Daily Market Summary 07.02.19 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, is, or will be, directly
Lasco Financial Services Limited (LASF) has advised that at a meeting of the Board of Directors held on January 28, 2019, the Directors unanimously appointed Mr. Vincent Anthony Chen to the position of Non-Executive Director of LASF.
NCB Financial Group Limited (NCBFG) has advised that a Director and three senior officers purchased a total of 168,207 NCBFG shares on February 5, 2019.
Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on February 6, 2019, the Directors declared an interim dividend of $0.18 per stock unit to be paid on March 14, 2019 to stockholders on record as at February 21, 2019. The ex-dividend date is February 20, 2019.
Date: February 7, 2018 Cargo Handlers Limited (CHL), for the three months ended December 31, 2018 reported revenue of $104.87 million, 21.14% higher than the $86.57 million booked in 2017. Other income grew by 58.51%, moving from $544,786 in 2017 to $861,972. The company highlighted the increase was, “driven mainly by increased cement thru-put across
Date: February 7, 2018 Lasco Manufacturing Limited (LASM), for the nine months ended December 31, 2018 reported that total revenue increased by 6% from $5.28 billion in 2017 to $5.61 billion in 2018. Revenue increased $32.91 million or 2% to a total of $1.81 billion in the third quarter, relative to the $1.78 billion recorded
United States: U.S. Jobless Claims Fall Less Than Expected After Shutdown Ends Filings for U.S. unemployment benefits fell by less than expected last week, signaling it may take longer for the labor market to return to its previous trend following the partial government shutdown. Jobless claims declined to 234,000 in the week ended Feb. 2,
Cargo Handlers Limited (CHL) has advised that at a meeting of the Board of Directors scheduled for February 19, 2019, the Directors will consider the payment of an interim dividend for the year 2019.
Scotia Group Jamaica Limited (SGJ) has advised that a Senior Officer sold 5,720 SGJ shares on February 4, 2019.
Sagicor Group Jamaica Limited (SJ) has advised that an Executive sold 889 SJ shares on January 31, 2019.
United States: U.S. Shutdown Robs Wednesday's Productivity Report of Main Gauge The Labor Department will publish new data on U.S. productivity Wednesday, though the report will lack the main measure because of the government shutdown. The fourth-quarter productivity and costs release due at 8:30 a.m. in Washington will include manufacturing productivity for the period, though
Daily Market Summary 05.02.19 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, is, or will be, directly
NCB Capital Markets Limited (NCBCM) has advised of the closure of the Sterling Investments Limited Ordinary Shares Rights Issue on Friday, January 25, 2019. NCBCM has also advised that all applicants were allocated 100% of the amounts for which they applied.
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
Daily Market Summary 04.02.19 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, is, or will be, directly
Scotia Group Jamaica Limited (SGJ) has advised of the resignation of Mr. Lissant Mitchell, CEO, Scotia Investments Jamaica Limited and Director of the Board. Mr. Mitchell’s resignation is due to take effect on March 5, 2019. SGJ further advised that Mr. Mitchell is leaving SGJ in order to pursue other personal interests.
GraceKennedy Limited (GK) has advised that a total of 1,292,237 GK shares were acquired by twenty-one (21) Directors and Senior Managers, pursuant to the GK 2009 Stock Option Plan for Directors, Managers and Employees and as part of the Long Term Incentive Scheme for employees of the Company. These transactions were conducted during the period
United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s
Daily Market Summary 01.02.19 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, is, or will be, directly
Date: February 1, 2018 Sagicor Group Jamaica Limited (SJ) has advised that SJ has embarked on a new strategic alliance with Guardsman Group Limited, which will leverage Guardsman Group’s existing micro finance business, Travel Cash Jamaica Limited. “This alliance was achieved through the incorporation of a new company in which Sagicor Group Jamaica Limited acquired
United States: Fed Conspiracy Theories See Powell as Fickle Boyfriend, Wise Man The momentous, mysterious monetary U-turn by Federal Reserve Chairman Jerome Powell and his colleagues this week has spawned a host of conspiracy theories as to what’s really going on at the world’s most powerful central bank. They range from the simple -– the
Daily Market Summary 31.01.19 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, is, or will be,
Eppley Limited (EPLY) has advised that at a Board of Directors’ meeting scheduled to be held on February 12, 2019, an interim dividend payment will be considered.
United States: Powell to Stress Fed Patience on Rate Hikes: Decision Day Guide Jerome Powell will debut the Federal Reserve’s latest communications strategy -- a press conference eight times a year -- by emphasizing patience in raising interest rates, a message the chairman struggled to deliver in December. The Federal Open Market Committee is widely
Daily Market Summary 29.01.19. 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, is, or will be,
Date: January 29, 2019 138 Student Living Jamaica Limited (138SL) held its 4th Annual General Meeting today at the Mona Visitors Lodge, UWI Mona. Chairman, Mr. Richard Byles, in his opening remarks, highlighted that this was a very challenging year for the Group which concluded with a loss after taxation of $16.25 million. The Chairman
United States: U.S. Borrowing Needs Exceed Prior Forecasts as Budget Gap Widens The U.S. Treasury Department indicated that the government’s borrowing needs are rising faster than previous estimates as the Trump administration finances a widening budget deficit. The department expects to issue $365 billion in net marketable debt from January through March, up $8 billion
Daily Market Summary 28.01.19 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, is, or will be,
Sterling Investments Limited (SIL) has advised that a meeting of the Board of Directors will be held on February 15, 2019 at 12:00 p.m. at 40 Knutsford Boulevard, Kingston 5. The Directors intend to consider the payment of a final dividend at this meeting. NCB Capital Markets Limited (NCBCM) has advised that the Invitation for
Productive Business Solutions Limited (PBS) has advised that a Board of Directors’ meeting will be held on February 4, 2019, to declare a dividend to common shareholders of the Company.
United States: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict
NCB Financial Group Limited (NCBFG) has declared an interim dividend of $0.90 per share payable on February 22, 2019 to shareholders on record as at February 8, 2019. The ex-dividend date is February 7, 2019.
Date: January 25, 2019 Net interest income for the three months ended December 31, 2018 increased by 30%, relative to 2017, to total $9.85 billion (2017: $7.55 billion). The Group stated that, “The increase was fuelled by a 22% growth in National Commercial Bank Jamaica Limited’s (NCBJ’s) loan portfolio which resulted in a 16% rise
United States: State of Play: U.S.-China Trade Negotiations `Miles' From Deal We’re about five weeks away from a deadline for the U.S. to escalate tariffs on $200 billion of Chinese goods if no breakthrough deal on trade relations is reached. Following a round of negotiations in Beijing in early January, Chinese Vice Premier Liu He
Daily Market Summary 24.01.19 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, is, or will be,
United States: U.S. Jobless Claims Fall to 49-Year Low Despite Federal Shutdown Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown. Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase,
Daily Market Summary 23.01.19 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, is, or will be,
Indies Pharma Jamaica Limited (INDIES) has declared a dividend of $0.08 per stock unit to be paid on February 25, 2019 to stockholders on record as at February 6, 2019. The ex-dividend date is February 5, 2019.
Supreme Ventures Limited (SVL) has also advised of the resignation of the following Directors effective January 7, 2019: Ian Levy, Graham Brown and Richard Azan.
Supreme Ventures Limited (SVL) has advised of the following appointments to the Board of Directors of Supreme Ventures Racing & Entertainment Limited (SVREL), a wholly owned subsidiary of SVL, effective January 8, 2019: Matthew K. Levy, Julian Mair and Philip Feanny.
United States: Fed to Probe Deutsche Bank Over Suspicious Danske Cash The Federal Reserve is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever. The Fed’s probe is in
Date: January 22, 2018 Please see attached USA Monthly Economic Review. USA Economic Review - December 2018 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)
Daily Market Summary 22.01.19 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, is, or will be,
Date: January 22, 2018 Sagicor Group Jamaica Limited (SJ) has advised that a connected party sold 174,600 SJ shares on January 15, 2019.
Date: January 22, 2018 Barita Investments Limited (BIL) has advised that Mrs. Dorothea James, a former Senior Manager, retired from the Company effective July 31, 2018.
Date: January 22, 2018 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2018 posted gross premium of $571.84 million relative $424.46 million; this represents a 35% increase. While for the fourth quarter gross premium was $190.33 million, a 14% increase when compared to $167.19 million for the corresponding quarter of 2017. Change in
Date: January 22, 2018 Today, The Jamaica Chamber of Commerce announced the results of the 2018 4th Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was led by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index According to the Survey of Business Confidence Fourth Quarter 2018
United States: U.S.-China Trade Talks Falling Short on Make-Or-Break IP Issues Ever since negotiators from the U.S. and China sat down in Beijing after a Christmas meltdown in global markets, President Donald Trump has sought to calm investors and claim his trade talks are making great strides. But that glosses over a more uncomfortable reality.
Daily Market Summary 21.01.19 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, is, or will be,
Date: January 21, 2018 Dolphin Cove Limited (DCOVE) has advised that a Director sold 7,862,870 DCOVE shares on January 11, 2019.
Date: January 21, 2018 Access Financial Services Limited (AFS) has advised that the Board of Directors will be holding a board meeting on January 29, 2019. At this meeting, the Directors will consider making a dividend payment to its ordinary shareholders.
Date: January 21, 2018 Proven Investments Limited (PROVEN) has advised that the Board of Directors will be holding a board meeting on February 8, 2019. At this meeting, the Directors will consider making a dividend payment to its ordinary shareholders.
Date: January 21, 2018 Barita Investments Limited (BIL) has advised that at an Extraordinary General Meeting of its shareholders held on Thursday, January 17, 2019, the following Resolutions were passed: Resolution No.1 “THAT the Company hereby approves the issue of ordinary shares (in this resolution “New Ordinary Shares”) part of the authorised capital of up
Daily Market Summary 18.01.19 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, is, or will be,
Date: January 18, 2019 Paramount Trading (Jamaica) Limited (PTL) has advised of the passing of Mr. Daryl J. Fong Kong, a Director of the Company. Mr. Fong Kong was a founding non-executive Director and served the Company for over 27 years.
Date: January 18, 2018 Main Event Entertainment Group Limited (MEEG) has declared a dividend of six cents (J$0.06) per share payable on March 29, 2019 to shareholders on record as at January 30, 2019. The ex-dividend date is January 29, 2019.
Date: January 18, 2019 • AMG Packaging & Paper Company Limited (AMG) has advised that: o Mr. Metry Seaga was appointed a Director of the Company on January 10, 2019. o The nomination of Mr. Brandon Hugh as alternate Director for Antonia Hugh was approved by the Board of
Date: January 18, 2018 Productive Business Solutions Limited (PBS) has advised that at a Board of Directors’ meeting scheduled for January 24, 2019, a dividend payment will be declared for preference shareholders of the Company.
United States: Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown President Donald Trump canceled the U.S. delegation’s trip to the global economic summit in Davos hours after he denied House Speaker Nancy Pelosi a plane to visit U.S. troops in Afghanistan. “Out of consideration for the 800,000 great American workers not receiving pay
United States: Trump’s Tariffs Are Producing Billions, But China Isn’t Paying President Donald Trump is right to say that his tariffs are generating billions of dollars for the U.S. But China and other countries aren’t paying them as he’s suggested. According to data from U.S. Customs and Border Protection, more than $13 billion in duties
Date: January 17, 2018 SSL Venture Capital Jamaica Limited (SSLVC) has advised that its portfolio company, Muse 360 Integrated Limited (“Muse”), signed a memorandum of understanding with Trend Media Limited (a subsidiary of Digicel Jamaica Limited) on January 14, 2019. The MOU outlines the transaction to sell 10% of Muse’s subsidiary, which is a content
Date: January 17, 2018 Indies Pharma Jamaica Limited (INDIES) has advised that a connected party purchased 23,171,070 INDIES shares on January 9, 2019.
Date: January 17, 2018 Palace Amusement Company Limited (PAL) has declared a dividend of $2.00 per share payable on February 8, 2019 to shareholders on record as at January 31, 2019. The ex-dividend date is January 30, 2019.
Date: January 17, 2018 Wisynco Group Limited (WISYNCO) has advised that at a Board of Directors’ meeting scheduled for January 29, 2019 a dividend payment will be considered.
Date: January 17, 2018 GraceKennedy Limited (GK) has advised of the following management changes effective April 1, 2019: Andrew Messado, current Group Comptroller, will be appointed Group Chief Financial Officer (CFO) Frank James, current Group CFO, will assume the role of CEO, Domestic Foods Division Ryan Mack will retire as CEO, Domestic Foods Division in
Date: January 16, 2018 General Accident Insurance Company Jamaica Limited (GENAC) has advised that a Senior Officer purchased 11,246 GENAC shares on January 11, 2019.
Date: January 16, 2018 Jamaica Broilers Group Limited (JBG) has advised that a Director sold 225,000 JBG shares and that a connected party purchased 200,000 JBG shares. These transactions were conducted during the period January 11 to 14, 2019.
Daily Market Summary 15.01.19 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, is, or will be,
Date: January 15, 2018 (INDIES) has advised that a connected party purchased 92,684,280 INDIES shares on January 7, 2019. 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
Date: January 15, 2018 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2018 reported that revenues increased by 58% for the period to US$3.56 million (2017: US$2.25 million). MTL noted, “This was earned from the 509 thousand passengers that visited the port spending an average US$6.99 each. The comparative revenue for the
Date: January 15, 2018 Express Catering Limited (ECL) for the six months ended November 30, 2018 reported a 4% increase in revenue to US$7.18 million (2017: US$6.88 million). Revenue for the quarter advanced 2% to close at $3.12 million relative to $3.07 million reported the previous year. According to management, “We constantly benchmark our minimum
United States: U.S. Will Fail to Release Key Economic Report at Critical Moment The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending -- the biggest part of the economy -- will be missing due to the government shutdown. Was it
Date: January 14, 2018 Knutsford Express Services Limited (KEX), for the quarter ended November 30, 2018, reported total revenue of $555.11 million, a 25% or $109.68 million increase when compared with the $445.42 million reported for the same period in 2017. For the second quarter, revenues increased by 26% to close the period at $262.18
Date: January 14, 2018 AMG Packaging Paper Company Limited (AMG), for the three months ended November 30, 2018, recorded Turnover in the amount of $213.92 million, a growth of 11% when compared to $192.88 million the previous year. Cost of Inventories totaled $130.20 million, an increase of 13% relative to the corresponding period in the
Daily Market Summary 14.01.19 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, is, or will be,
Date: January 14, 2018 GWest Corporation Limited (GWEST) has advised that Mrs. Joy Clark resigned from the position of General Manager effective November 23, 2018 to pursue personal interests external to the Company. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about
Date: January 14, 2019 Sterling Investments Limited (SIL) has advised that the final renunciation date for existing shareholders has been extended from January 11, 2019 to January 18, 2019. 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
Date: January 14, 2018 Caribbean Cream Limited (KREMI) for nine months ended November 30, 2018 reported a 16% increase in revenue during the period totalling $1.15 billion compared to $992.24 million in the corresponding period last year. Revenue for the third quarter rose 9% to close at $348.24 million compared to $318.98 million for the
Date: January 10, 2018 Indies Pharma Jamaica Limited (INDIES), for the year ended October 31, 2018 reported revenues for the twelve months ended October 31, 2018 of $636.17 million, an increase of 3% when compared with the $620.35 million booked last year. Cost of sales amounted to a total of $243.38 million relative to the
Date: January 3, 2018 The Bureau of Labour Statistics reported that, “Unemployment rates were lower in November in 290 states, higher in 69 states and stable in 29 states when compared to last year. There were 104 areas with jobless rates of less than 3% while only 2 areas had rates of at least 10%.”
Date: December 20, 2018 Please see attached USA Monthly Economic Review: USA Economic Review - November 2018 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)
Date: December 7, 2018 Please see attached news release from GK, which is also embedded below for your convenience. Grace Foods USA to Consolidate with Majesty Foods Factory for Joint Venture [MIAMI, FLORIDA - DECEMBER 6, 2018] Grace Foods (USA), Inc. (Grace Foods), a company owned by GraceKennedy Limited (GKL), a publicly traded Jamaican corporation
Date: December 6, 2018 Blue Power Group Limited (BPOW), for the six months ended October 31, 2018 booked a 13% increase in revenue to total $862.31 million compared to $761.19 million for the corresponding period in 2017. Sales from the Lumber division climbed to $591.91 million, 9% higher than $544.35 million, while sales in the Soap
Date: December 5, 2018 Elite Diagnostic Limited’s (ELITE) first AGM since listing was held today December 5, 2018 and was hosted by Mr. Steven Gooden, Chairman of the company which began with usual welcoming subsequent to the auditor’s report. For the financial year under review revenues were $34 million more than 2016’s $263 million, and
Date: December 3, 2018 Sagicor Group Jamaica Limited (SJ) has issued the following disclosure on the Acquisition of Sagicor Financial Corporation – Alignvest Acquisition II Corporation: The name of the ultimate parent shall change from Sagicor Financial Corporation to Sagicor Financial Company Limited and the latter shall be listed on the Toronto Stock Exchange. The transaction involves
Date: November 23, 2018 Please see attached USA Monthly Economic Review: USA Economic Review - October 2018 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)
Date: November 20, 2018 Pulse Investments Limited (PULS), for the three months ended September 30, 2018 reports operating revenue which increased by $9.68 million to $129.06 million in the first quarter relative to $119.38 million the prior year, this represents an 8% increase. Administrative and other expenses amounted to $53.02 million (2017: $46.27 million), an
Date: November 16, 2018 Elite Diagnostics Limited (ELITE), for the three months ended September 30, 2018 reported that Revenue increased by 22% to total $85.44 million compared to $69.82 million for the same period in 2017. The company highlighted, “Revenues from the Liguanea location amounted to $23.7M for the quarter as compared to the previous
Date: November 15, 2018 Sweet River Abattoir & Supplies Company Limited (SRA), For the six months ended September 30, 2018 recorded a 19% decline in revenue to $134.58 million relative to $165.45 million in the same period in 2017. Revenue for the quarter went down 22% to close at $57.52 million relative to $73.70 million. SRA indicated,
Date: November 15, 2018 General Accident Insurance Company Limited (GENAC), for the nine months ended September 30, 2018 reported Gross premium written of $7.40 billion, 20% higher than the $6.18 billion reported for 2017. As a result, net premium written increased by 26% from $1.04 billion last year to $1.32 billion. Excess of loss reinsurance remained at
Date: November 15, 2018 Jetcon Corporation Limited (JETCON), for the nine months September 30, 2018 reported Turnover for the nine months went up by 1% to $892.28 million (2017: $886.55 million). However, turnover for the quarter amounted to $286.81 million relative to $333.22 in 2017, a 14% decline. According to management, “Revenues fell 14 percent
Date: November 15, 2018 Dolphin Cove Limited (DCOVE), For the nine months ended September 30, 2018 reported total revenue of US$11.62 million, an 11% decrease when compared to US$13.03 million booked the year prior. total revenue for the quarter amounted to US$3.89 million (2017: US$4.37 million). According to the company “Despite the fact that one of
Date: November 14, 2018 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ), for the first three months ended September 30, 2018 reported that revenues marginally increased by 0.04 %, to close the period at $24.31 million compared to the $24.30 million for the same period
Date: November 14, 2018 GWEST Corporation Limited (GWEST), For the six months ended September 2018 Revenue amounted to $57.21 million, an increase of 43%, when compared with the $39.88 million booked last year. According to the company, “Our revenue growth has been significantly affected by our inability to accept health insurance due to the delay
Date: November 14, 2018 Sagicor Group Jamaica (SJ), for the nine months ended September 30, 2018 reported a 3% decrease total revenues to $51.48 billion from $53.14 billion in 2017, while for the third quarter total revenues were down 16% to total $19.46 billion compared to $23.13 billion in 2017. Total revenue for the nine months was
Date: November 14, 2018 ISP Finance Services Limited (ISP), for the Nine Months ended September 30, 2018, total interest income amounted to $213.76 million compared to $210.70 million in 2017, an increase of 1%. For the quarter, total interest income amounted to $69.63 million (2017: $74.91 million). The nine months is broken down as follows: Interest income
Date: November 14, 2018 K.L.E. Group Limited (KLE), for the nine months ended September 30, 2018 reported Revenue for the period of $162.67 million, relative to $158.19 million last year. For the third quarter revenue totalled $52.63 million, relative $54.46 million last year, a 3% decline. This was due to the major road work happening
Date: November 14, 2018 Caribbean Flavours and Fragrances Limited, for the quarter ended September 30, 2018, reported Revenue amounting to $120.14 million, an increase of 21%, when compared with the $99.59 million booked last year. CFF noted, “The quarter was primarily attributed to our refining of our order fulfilment procedures”. Cost of sales rose by
Date: November 14, 2018 Jamaica Stock Exchange Limited (JSE), For the Nine months ended September 30, 2018 recorded total revenue of $1.0 billion, a 45% increase when compared to the $695.47 million booked the prior year. While total revenue for the quarter amounted to $339.53 million (2017: $217.82 million). Of the nine months: o Cess
Date: November 13, 2018 Everything Fresh Limited (EFRESH), for the Nine Months Ended September 30, 2018, Revenue grew by 2% amounting to $1.39 billion, up from $1.37 billion reported a year ago. The third quarter reported revenues of $421.96 million, a 6% decline when compared to last period’s $450.23 million. Cost of sales closed the
Date: November 13, 2018 Medical Disposables & Supplies Limited, for the six months ended September 2018 reported Revenue amounting $1.04 billion, an increase of 8%, relative to $964.89 million booked the previous year. For the second quarter revenues totalled $500.85 million up 3% year over year (2017: $484.30 million). MDS noted, “This positive performance was
Date: November 9, 2018 Wisynco Group Limited (WISYNCO) reported total revenue of $6.81 billion for the first quarter ended September 30, 2018, a 12% or $728.69 million increase when compared with the $6.08 billion reported for the same period in 2017. Cost of sales for the period amounted to $4.23 billion, up 13% relative to $3.75
November 07, 2018 For the year ended September 30, 2018, Barita Invested Limited’s (BIL) interest income declined 10% to $1.02 billion relative to $1.13 billion for the previous year. Interest expense also declined by 29% to close at $599.66 million compared to $847.44 million in 2017. As a result, net interest income for the year increased
Date: November 2, 2018 AMG Packaging and Paper Company Limited (AMG) for the year ended August 31, 2018 recorded turnover in the amount of $718.92 million (2017: $660.25 million), an increase of 9% when compared to 2017. For the quarter turnover was down 4% to close at $179.89 million (2017: $187.88 million). Total cost of
Date: November 2, 2018 Lasco Financial Services (LASF) recorded for the six months ended September 30, 2018, a total of $1.08 billion in Trading Income; this represented a growth of 59% relative to the $681.28 million recorded in the comparable period in 2017. For the quarter, Trading Income closed at $558.14 million (2017: $378.60 million),
November 01, 2018 Please click link below for the Mayberry Investments Limited (MIL) Q3 2018 unaudited financial results. Mayberry 3rd Qrt Sept 2018 Results The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or
Date: October 29, 2018 Supreme Ventures Limited (SVL) for the nine months ended September 30, 2018 reported a 12% in revenues to $46.32 billion, up from $41.24 billion in 2017. Notably, “with the adoption of IFRS 15 (Revenue from contracts with customers), the sale of PIN codes are no longer classified as revenue, but the
Date: October 22, 2018 Please click below to view September 2018's USA Monthly Economic Review. USA Economic Review - September 2018 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
Date: October 19, 2018 IronRock Insurance Company Limited, For the nine months ended September 30, 2018 posted gross premium of $381.51 million relative $257.27 million; this represents a 48% increase. While for the third quarter gross premium was $99.40 million relative to $83.93 million for 2017. Change in gross provision for unearned premiums amounted to
Date: October 19, 2018 Margaritaville (Turks) Limited (MTL), for the three months ended August 31, 2019 reported Revenues which decreased by 2% for the period to US$1.82 million (2017: US$1.86 million). The company commented that “Revenue per passenger will vary marginally from one period to another, even where aggregate passenger numbers are similar, due to variations
Date: October 18, 2018 Pulse Investments Limited (PULS), for the year ended June 30, 2018 reported that Revenue increased 14% year on year, closing the year at $444.04 million, up from $391.00 million in 2017, while for the fourth quarter revenue amounted to $130.81 million up 3% compared to the $127.34 million booked in 2017. Administrative
Date: October 16, 2018 Knutsford Express Services Limited (KEX), for the three months ended August 31, 2018 reported total revenue of $292.93 million, a 23.5% or $55.65 million increase when compared with the $237.28 million reported for the same period in 2017. KEX noted, “this was due to strong customer demand for passenger travel.” Administrative and
Date: October 12, 2018 Paramount Trading (Jamaica) Limited, for the period ended August 31, 2018, recorded a 12% increase in total revenues to $372.18 million from $330.89 million reported in 2017. The company highlighted that, “this does not include additional inflows related to the new joint venture with Allegheny which is accounted for separately. The
Date: October 12, 2018 Portland JSX Limited (PJX), for the six months ended August 31, 2018, net loss on financial assets classified as at fair value through profit and loss amounted to US$438,074 compared to a gain of US$25,177 in 2017. PJX recorded net loss on financial assets classified as at fair value through profit
Date: October 9, 2018 Survey of Business & Consumer Confidence Index The Jamaica Chamber of Commerce announced the results today, October 9, 2018, the 3rd Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was hosted by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index The Business
Date: October 3, 2018 Sweet River Abattoir & Supplies Company Limited (SRA), for the three months ended June 30, 2018 reported revenue for the period which decreased by 16%, amounting to $77.06 million in 2018 relative to $91.75 million in the same of last year. According to the company, “This decrease was due to mainly
Date: October 2, 2018 Medical Disposables and Supplies Limited’s (MDS) AGM was held today October 2, 2018 and was hosted by Mr. Winston Boothe, chairman of the said company who commenced with the usual welcome and introductions. The chairman highlighted the financial performance of the company for the year under review as a significant milestone
Date: September 28, 2018 Lasco Financial Services Limited’s (LASF) AGM was held today September 28, 2018 and was hosted by Hon. Lascelles Chin, Chairman of Lasco Financial Services Limited. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. Mrs. Jacinth Hall-Tracey, the managing director gave a
Date: September 24, 2018 The International Monetary Fund (IMF) staff team headed by Ms. Ramakrishnan visited the island over the period September 10-21, 2018 for the fourth review of Jamaica’s economic and financial program which is supported by the precautionary Stand-By Arrangement (SBA) of the IMF. The consideration by the IMF’s executive board is tentatively
Date: September 20, 2018 Please click below to view August 2018's USA Monthly Economic Review. USA Economic Review - August 2018 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
Date: September 18, 2018 Consumer Price Index - August 2018 The consumer price index for the month of August 2018 increased 0.9%, following the 1.0% increase in July 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of August advanced to 252.8, relative to the 250.4 reported for
1834 Investments Limited (1834) for the three months ended June 30, 2018, reported a 26% decline in revenue from $11.15 million for the comparable period in 2017 to $8.23 million. Other operating income fell by 77% to $17.14 million (2017: $74.54 million). According to management, other income, “is mainly comprised of gains on the sale of
Date: September 17, 2018 Seprod Limited (SEP) held its Annual General Meeting today, which was hosted by Chairman, Mr. P.B. Scott. The meeting began with the usual welcoming which was subsequently followed by the review of the financial year 2017. Seprod's revenues increased by 5% or $730 million to $16.5 billion for the year end which
GraceKennedy Limited (GK) has announced that one of its associated companies in Barbados, Signia Financial Group Inc., has acquired Globe Finance Inc. The acquisition will result in the formation of the amalgamated company, which will be known as SigniaGlobe Financial Group Inc. GK currently holds a 40% shareholding in Signia and will hold the same
Date: September 12, 2018 Derrimon Trading Company Limited (DTL) has advised that the Company has completed the acquisition of the entire shareholding of Woodcats International Limited (“Woodcats”) for a total consideration of J$355 million. DTL further advised that at a Board Meeting of Woodcats held on September 6, 2018, Messrs. Derrick Cotterell, Ian Kelly, Earl
Date: August 30, 2018 In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2018 reported a 10% growth year on year in gross operating revenues to close at $107.80 million compared to the $98.29 million for the prior year. CPJ noted, “the company
Date: August 28, 2018 BANK OF JAMAICA MAINTAINS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 2.00 per cent. This decision reflects the Bank’s assessment that inflation, currently below target, will rise towards the lower end of
Date: August 21, 2018 Please click below to view July 2018's USA Monthly Economic Review. USA Economic Review - July 2018 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
Date: August 16, 2018 Dolphin Cove Limited (DCOVE), for the six months ended June 30, 2018 reported total revenue of US$7.73 million, a 11% decrease when compared to US$8.66 million booked the year prior. Revenue from dolphin attraction contributed US$4.24 million to total revenue, a 14% decline when compared to the US$4.91 million reported in 2017,
Date: September 27, 2018 Audited financials for the year ended June 30, 2018 showed Elite Diagnostic Limited (ELITE)booked a 13% increase in revenue to total $297.76 million compared to $263.10 million for the same period in 2017. Revenue for the fourth quarter fell by 7% to $77.85 million (2017: $83.81 million). Direct costs for the
Date: August 15, 2018 ISP Finance Services Limited's (ISP), Results for the six months ended June 30, 2018, Total Interest Income amounted to $144.13 million compared to $135.79 million in 2017, an increase of 6%. For the quarter, Total Interest income amounted to $73.67 million (2017: $70.26 million). Year to date Total Interest Income is broken
Date: August 15, 2018 K.L.E Group Limited (KLE), for the six months ended June 30, 2018, the company recorded a total revenue of $110.04 million (2016: $103.72 million), representing a 6% increase in revenue. For the second quarter revenues increased 8% to total $58.66 million (2017: $54.32 million). Cost of sales increased by 9% to $35.89
Date: August 15, 2018 Eppley Limited (EPLY) for the six months ended June 30, 2018 reported Interest Income for the period at $149.80 million from $124.23 million the previous year, a 21% increase. While for the second quarter interest income amounted to $76.09 million relative to $61.69 million in 2017. Interest Expenses amounted to $82.99
Date: August 14, 2018 Key Insurance Company Limited (KEY), for the six months ended June 30, 2018 reported a 45% growth in net premiums written from $415.45 million to $603.02 million as a result of a 43% increase in gross premium written which closed the period at $946.45 million (2017: $660.71 million). KEY noted, “The company
Date: August 15, 2018 Sagicor Group Jamaica Limited (SJ), for the six months ended June 30, 2018, Total Revenues increased by 7% to $32.02 billion from $30.01 billion in 2017, while for the second quarter Total Revenues improved 8% to total $16.20 billion compared to $14.93 billion in 2017. Total revenue year to date was
Date: August 14, 2018 PANJAM Investment Limited (PJAM), for six months ended June 30, 2018 reported a 12% increase in total income to $1.11 billion relative to $948.37 million booked for the prior year’s corresponding period. For the quarter total income increased 31% to $586.95 million (2017: $446.82 million). Of total income: • Investment increased
Date: August 14, 2018 Blue Power Group Limited’s (BPOW) AGM was held today August 14, 2018 and was hosted by Dhiru Tanna, Chairman of Blue Power Group Limited who started the proceedings by the usual welcoming and introductions. Major Dawes, the Managing Director, highlighted the financial performance of the company for the last financial year
Date: August 14, 2018 Kingston Wharves Limited (KW), for the six months ended June 30, 2018 revenue totaled $3.39 billion a 15% increase when compared to $2.94 billion for the corresponding period of the prior year, while revenue for the second quarter grew 13% to $1.76 billion (2017: $1.55 billion). This as both the company’s ‘Terminal
Date: August 9, 2018 Fosrich Company Limited (FOSRICH), for the six months ended June 30, 2018, reported turnover which grew 5 % year on year, to close the period at $592.29 million compared to the $564.49 million for the same period last year. For the second quarter the company posted an increase of 19% in
August 07, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph
Date: August 2, 2018 Based on the latest information received by the Federal Open Market Committee (FOMC) since June, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Strong
Date: July 31, 2018 Knutsford Express Services Limited (KEX), for the year ended May 31, 2018 reported total revenue of $926.15 million, relative to $752.40 million reported for the prior financial year. Revenue for the last quarter amounted to $249.02 million, an increase of 25% from the $199.73 million for the same period last year.
Date: July 27, 2018 ISP Financial Services Limited’s (ISP) AGM was held today July 27, 2018 and was hosted by Mr. Clifton Cameron, chairman of the said company. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. The company’s loan portfolio increased by 40% to $437.5
Date: July 27, 2018 tTech Limited (tTech) for the six months ended June 30, 2018 booked a 35% increase in operating revenues for the period to $145.25 million compared to $107.83 million for the corresponding period last year. Revenue for the quarter rose 47% from $51.25 million in June 2017 to $75.44 million. Cost of
Date: July 26, 2018 Caribbean Cement Company’s (CCC) AGM was held today July 26, 2018 and was hosted by Mr. Parris A. Lyew- Ayee, chairman of Caribbean Cement Company who commenced by the usual welcoming and introductions. This was shortly followed by the independent auditor’s report. From the director’s report, it was highlighted that turnover
Date: July 26, 2018 Supreme Ventures Limited (SVL), for the six months ended June 30, 2018 reported a 13% increase in revenues for the period to total $30.95 billion, up from $27.37 billion in 2017. For the second quarter, revenues totaled $15.66 million relative to $13.98 million in 2017. Revenues from the company’s segments were
Date: July 24, 2018 IronRock Insurance Company Limited (ROC), for the six months ended June 30, 2018 posted gross premium of $282.12 million relative $173.35 million; this represents a 63% increase year over year. For the second quarter gross premium rose by 14% to total $127.10 million compared to $111.41 million. Change in gross provision
Date: July 20, 2018 Please click below to view June 2018's USA Monthly Economic Review. USA Economic Review - June 2018 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
Date: July 20, 2018 Lasco Distributors Limited (LASD), for the three months ended June 30, 2018, posted a 4% growth in revenues to $4.28 billion, up from $4.13 billion in the corresponding period in 2017. Cost of sales amounted to $3.41 billion relative to the $3.31 billion posted for the prior year. Gross profit also
Date: July 19, 2018 C2W Music Limited (C2W), revenue remained unchanged as zero returns were recorded for the three months ended March 31, 2018. C2W incurred US$9, 816 for total expenses, a 54% increase compared to US$6,394 last year for the comparable period. Consequently, C2W reported an operating loss for the quarter of US$11,311 by
Date: July 19, 2018 Jamaica Stock Exchange Limited (JSE) ,for the first six months ended June 30, 2018 recorded total revenue of $665.92 million, a 39% increase when compared to the $477.65 million booked the prior year’s corresponding period. For the second quarter the company reported a 34% increase in total revenue to close the quarter
Date: August 31, 2018 Ciboney Group Limited (CBNY) presented the audited results for the year ended May 31, 2018 which higlighted financial income for the period totalled $1.72 million up from the $154,000 reported for the comparable quarter in 2017. Financial income for the quarter amounted to $39,000, a gross increase of 88% relative to
Date: July 17, 2018 Lasco Financial Services Limited (LASF), for the three months ended June 30, 2018, recorded for the three months ended June 30, 2018, a total of $526.05 million in Trading Income; this represented a growth of 74% relative to the $302.68 million recorded in the comparable quarter in 2017. According to the Company,
Date: July 16, 2018 Portland JSX Limited (PJX), for the three months ended May 31, 2018 recorded net loss on financial assets classified as at fair value through profit and loss amounted to US$313,175 compared to a gain of US$223,364 in 2017. Interest from loans and receivables for the quarter amounted to US$25,575 a decrease of
Date: July 16, 2018 CAC 2000 Limited (CAC) has advised that following the first payment dividend payments will be made on the 15th day of the month immediately following, or if such day falls on a day other than a business day then payment will be made on the next business day, to the Preference
Date: July 16, 2018 AMG Packaging and Paper Company Limited (AMG), for the nine months ended May 2018 recorded Turnover in the amount of $539.02 million (2017: $472.37 million), an increase of $66.65 million when compared to that recorded the year prior. For the third quarter, Turnover totaled $195.09 million up 17% from the $166.06 million
July 05, 2018 Please click link below for the Mayberry Jamaica Equities Limited Q2 2018 unaudited financial results. Mayberry Jamaican Equities Ltd. Q2 2018 Unaudited Financial Results The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure,
July 05, 2018 The only Jamaican stock you need to own, Mayberry Jamaican Equities. Kindly click link below for the Mayberry Jamaican Equities Prospectus. Mayberry Jamaican Equities Prospectus
Brent Oil Brent oil prices increased by 0.84% or US$0.65, as prices rose this week. Oil traded on July 5, 2018 at a price of $78.06 per barrel relative to US$77.41 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.09% (JMD$1.45). Additionally
Date: June 27, 2018 C2W Music Limited held its Extraordinary General Meeting (EGM) today June 27, 2018 at the Jamaica Stock Exchange Limited. The formal introduction of the speakers was given by Ms. Lamar Harris, CEO of Stocks and Securities Limited (SSL). She noted that, ‘During the Annual General Meeting of C2W, the company initiated
Date: June 26, 2018 Jetcon Corporation Limited (JETCON) held its Annual General Meeting today June 26, 2018 at the Knutsford Court Hotel. Mr. Garth McKenzie, Chairman – Audit and Finance Committee began with opening remarks and a brief introduction of the board of directors. Jetcon Corporation Chairman, Mr. John Jackson, took the floor and showcased
Daily Market Summary 26.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 26, 2018 GWEST Corporation Limited (GWEST) has advised that Miss Camille Adrians has resigned from the position of Chief Accountant effective June 2018 to pursue personal interests external to the Company. GWEST further advised that Miss Karen Christie-Harris has been appointed to the position of Chief Accountant effective June 2018.
June 26, 2018 Jetcon Corporation Limited (JETCON) has advised that on June 20, 2018, a Director purchased 601,607 JETCON shares and a connected party sold 601,607 JETCON shares.
June 26, 2018 Honey Bun 1982 Limited (HONBUN) has advised that the dividend declaration published in May, 2018 was incorrect. The amended declaration is as follows: “At a meeting held on May 28, 2018, the Board of Directors declared an interim dividend of two Jamaican cents ($0.02) per share. The dividend is payable on June
June 26, 2018 According to one of the latest report published by Eurostat, the statistical office of the European Union, “Significant differences can be observed across the European Union (EU) regarding the sector in which government debt is held. Among Member States for which data are available, the share of public debt held by non-residents
June 26, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph
Date: June 25, 2018 Dolphin Cove Limited (DCOVE) held its Annual General Meeting today June 25, 2018 at the Courtleigh Hotels & Suites. Hosted by Mr. Stafford Burrowes, the company’s Chairman, opened the proceedings by giving a brief overview of the 2017 financial year performance. For the financial year 2017 Mr. Burrowes stated that the
Daily Market Summary 22.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 22, 2018 Jamaican Teas Limited (JAMT) has advised that an Extraordinary General Meeting of the Company will be held at 2 Bell Road, Kingston 11 on Tuesday, July 31, 2018 at 3:00 p.m. for the purpose of considering and, if thought fit, approving the following resolution as an ordinary resolution: “Whereas Jamaican Teas Limited
June 22, 2018 Jamaica Stock Exchange (JSE) has advised that Mr. Ian McNaughton and Mr. Gary Peart have been re-elected, at a meeting of the Board of Directors of the Company held on June 21, 2018, as Chairman and Deputy Chairman respectively of the Board of the JSE.
June 22, 2018 Supreme Ventures Limited (SVL) has advised that a connected party purchased 3,010 SVL shares on June 20, 2018.
June 22, 2018 Jamaica Stock Exchange (JSE) has also advised that a connected party purchased 200,000 JSE shares on June 20, 2018.
June 22, 2018 Jamaica Produces Group held its Annual General Meet (AGM) today. During his presentation, Mr. Jeffrey Hall, Managing Director of the Group, stated that JP operations can be broken down into two businesses: 1) JP Logistic & Infrastructure and 2) JP Food & Drink. JP Logistics & Infrastructure Division is the Group’s largest
Date: June 21, 2018 The Jamaica Stock Exchange Annual General meeting was held today, at its offices. The meeting commenced with opening remarks from the Deputy Chairman, Mr. Gary Peart where he welcomed everyone to the company’s 41st Annual General Meeting (AGM). Managing Director, Mrs. Marlene Street Forrest gave a synopsis of the highlights of
Daily Market Summary 21.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 21, 2018 Mayberry Investments Limited (MIL) has advised that a connected party purchased 200,000 MIL shares on June 20, 2018.
June 21, 2018 Kingston Wharves Limited (KW) has declared a dividend of JA$0.20 per share payable on August 17, 2018, to ordinary shareholders on record as at July 20, 2018. The ex-dividend date is July 19, 2018.
Brent Oil Brent oil prices decreased by 3.47% or US$2.64, as prices fell this week. Oil traded on June 21, 2018 at a price of $73.44 per barrel relative to US$76.08 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.26% (JMD$1.66). Additionally
Date: June 20, 2018 Please click below to view May 2018's USA Monthly Economic Review. USA Economic Review - May 2018 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
Daily Market Summary 20.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 20, 2018 Wisynco Group Limited (WISYNCO) has advised that a Senior Executive purchased 2,000 WISYNCO shares on June 13, 2018.
June 20, 2018 Mayberry Investments Limited (MIL) has advised that a connected party sold 100,000 MIL shares on June 19, 2018.
Date: June 20, 2018 Blue Power Group Limited (BPOW), for the year ended April 30, 2018, revenue increased by 8%, year over year, totaling $1.51 billion (2017: $1.40 billion) as sales from the Lumber division increased by 12% while sales from the soap division inched up by 0.2%. BPOW stated that “The overall increase in
Daily Market Summary 19.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 19, 2018 Caribbean Cement Company Limited (CCC) has advised that the Annual General Meeting of the Company will be held on Thursday, July 26, 2018 at 10:00 a.m. at the Spanish Court Worthington, 16 Worthington Avenue, Kingston 5.
June 19, 2018 Wisynco Group Limited (WISYNCO) has advised that Mr. Sean Scott, member of the Company’s Executive Management Committee, has resigned effective June 29, 2018. WISYNCO further advised that effective July 2, 2018 a 3% price increase will take effect for the Company’s imported portfolio of products due to the devaluation of the Jamaican
June 19, 2018 JMMB Group Limited (JMMBGL) has advised that effective June 18, 2018, Mr. Gregory Hines joined JMMBGL in the capacity of Group Chief Business Support Officer.
June 19, 2018 Berger Paints Jamaica Limited (BRG) has advised of the appointment of Mrs. Peta-Gaye Levene-Thomas as Marketing Manager, effective June 18, 2018.
June 19, 2018 Blue Power Group Limited (BPOW) has advised that at a meeting of the Board of Directors scheduled for July 2, 2018 the following items will be considered: The declaration of a dividend Whether the Board should recommend a stock split to the shareholders.
June 19, 2018 In April 2018 compared with March 2018, production in the construction sector increased by 1.8% in the euro area (EA19) and by 1.2% in the EU28, according to a recent report by Eurostat, the statistical office of the European Union. This improvement came following a 0.2% and a 0.8% decrease in construction
Daily Market Summary 18.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 18, 2018 Sagicor Group Limited (SJ) has advised that a Senior Officer sold 178,538 SJ shares and that a connected party purchased 178,538 SJ shares. These transactions were conducted on June 14, 2018.
June 18, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 741,494 NCBFG shares on June 15, 2018.
June 18, 2018 According to figures published by Eurostat, the statistical office of the European Union, Euro area annual inflation rate was 1.9% in May 2018, up from 1.3% in April. A year earlier, the rate was 1.4%. European Union annual inflation was 2.0% in May 2018, up from 1.5% in April. A year earlier,
June 18, 2018 Please click below to view today’s featured stock. Weekly Picks 18.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this
Daily Market Summary 15.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
June 15, 2018 Kingston Wharves Limited (KW) has advised that a connected party sold a total of 16,982 KW shares on June 12 and 13, 2018.
June 15, 2018 Kingston Properties Limited (KPREIT) has advised that 2,400 KPREIT shares were purchased on June 13, 2018 under the Company’s share buy-back programme.
June 15, 2018 According to figures published by Eurostat, the Statistical Office of the European Union, hourly labour costs rose by 2.0% in the euro area (EA19) and by 2.7% in the EU28 in the first quarter of 2018, compared with the same quarter of the previous year. This was higher than the increase of
Daily Market Summary 14.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
Brent Oil Brent oil prices decreased by 0.48 % or US$0.37, as prices fell this week. Oil traded on June 14, 2018 at a price of $76.08 per barrel relative to US$76.45 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.16% (JMD$0.21).
June 14, 2018 Jamaican Teas Limited (JAMT) has advised that an Extraordinary General Meeting of the Company will be held at 2 Bell Road, Kingston 11 on Tuesday, July 31, 2018 at 3pm for the purpose of considering and, if thought fit, approving the following resolution as an ordinary resolution: “Whereas Jamaican Teas Limited (“the
June 14, 2018 Caribbean Flavours and Fragrances Limited (CFF) advised of the appointment of Mr. Howard Mitchell as a member of the Board of Directors effective July 1, 2018.
June 14, 2018 Access Financial Services Limited (AFS) has advised that a Director purchased 500 AFS shares on June 4, 2018.
June 14, 2018 Supreme Venture Limited (SVL) has advised that a connected party purchased 40,000 SVL shares and that two connected parties sold a total of 1,745,532 shares. These transactions were conducted on June 11 and 12, 2018.
June 14, 2018 Caribbean Flavours and Fragrances Limited (CFF) has advised that on June 8, 2018 the Board of Directors approved a dividend payment of $0.25 per share to shareholders on record on June 20, 2018. The payment will be made on July 2, 2018 and the ex-dividend date will be June 19, 2018.
June 14, 2018 Kingston Wharves Limited (KW) has advised that the Board of Directors will consider declaring a dividend at a meeting scheduled to be held on June 20, 2018.
June 14, 2018 U.S. Bureau of Labor Statistics reported in its latest release that prices for both U.S. imports and export rose 0.6% for the second consecutive month in May. For imports, rising fuel and nonfuel prices contributed to the advances in both months. However, higher prices for both agricultural and non-agricultural exports were the
