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
June 13, 2018 Jamaican Teas Limited (JAMT) has advised that the 2018 Annual General Meeting of the Company will be reconvened at 2 Bell Road, Kingston 11 on the 31st day of July 2018 at 2:30 pm for the purpose of transacting the following business: Pursuant to Sections 130(4) and 154(5) of the Companies Act
June 13, 2018 Sagicor Group Limited (SJ) has advised that two connected parties sold 750,000 SJ shares on June 11, 2018.
June 13, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 5,000,000 NCBFG shares and that a Director purchased 14,400 NCBFG shares. These transactions were conducted on June 11, 2018.
June 13, 2018 Kingston Wharves Limited (KW) has advised that a connected party sold 6,634 KW shares on June 11, 2018.
June 13,2018 Daily Market Summary 13.06.18 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.
June 13, 2018 Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth
June 13, 2018 According to a recent report published by Eurostat, the statistical office of the European Union, the number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the first quarter of 2018 compared with the previous quarter. In the fourth quarter of 2017, employment increased by
Daily Market Summary 12.06.18 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 12, 2018 GraceKennedy Limited (GK) has announced that the Company will acquire a 35% share in Catherine’s Peak pure spring bottled water brand, which is owned by Peak Bottling Company Limited (PBCL), subject to further due diligence. The acquisition is being undertaken following the signing of a binding memorandum of understanding between GK and
June 12, 2018 Kingston Wharves Limited (KW) has advised that a connected party sold 2,606 KW shares on June 6, 2018.
June 12, 2018 CAC revenues for the six months ended April 30, 2018 increased 10% to $623.44 million relative to $567.51 million for the comparable period in 2017. Revenues for the second quarter increased by 45% to $383.93 million compared to $265.64 million for the same period the prior financial year. Cost of Sales also increased
Daily Market Summary 11.06.18 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 11, 2018 C2W Music Limited (MUSIC) has advised that an Extraordinary General Meeting will be held at the Jamaica Stock Exchange, 40 Harbour Street, Kingston on Wednesday, June 27, 2018 commencing at 12 noon to discuss the following business: ‘C2W Music Limited has advised that a resolution was passed at a meeting of the
June 11, 2018 Supreme Ventures Limited (SVL) has advised of the appointment of Miss Cheryl Hylton as the Chief Information Officer for the Supreme Ventures Group effective July 2, 2018.
June 11, 2018 Jamaican Teas Limited (JAMT) has advised that a Director sold 10,000 JAMT shares on June 8, 2018.
June 11, 2018 JMMB Group Limited (JMMBGL) has advised that a connected party sold 658,507 JMMBGL shares on June 8, 2018.
June 11, 2018 Please click below to view today’s featured stock. Weekly Picks 11.06.18 CCC 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
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June 8, 2018 IronRock Insurance Company Limited (ROC) has advised that connected party purchased 1,243 ROC shares on June 7, 2018.
June 8, 2018 Caribbean Producers Jamaica Limited (CPJ) has advised that connected party sold 25,000 CPJ shares on June 6, 2018.
June 8, 2018 Productive Business Solutions Limited (PBS) for the three months ended March 2018, reported a 1% decline in revenues from US$42.45 million for the 2017 period to US$42.20 million in 2018. Direct expenses recorded a decline to close the period at $US$23.44 million when compared to US$23.90 million for the same period of 2017.
Daily Market Summary 7.06.18 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 7, 2018 Derrimon Trading Company Limited (DTL) has advised that the Company has signed a J$625,000,000 Syndicated Facility, arranged and structured by Sagicor Bank Limited and First Global Bank Limited at an attractive interest rate. The facility will be amortized over a period of ten (10) years. DTL also advised that the facility will
June 7, 2018 Sagicor Real Estate X Fund (XFUND) has advised that the Board of Directors has appointed Ms. Brenda-Lee Martin as Chief Executive Officer with effect from June 1, 2018. Ms. Martin replaces Mr. Rohan Miller who demitted office earlier this year.
June 7, 2018 Lasco Financial Services Limited (LASF) has advised that a Senior Manager sold 134,683 LASF shares on June 5, 2018
June 7, 2018 Fosrich company Limited (FOSRICH) has advised that Senior Manager sold 2,102 FOSRICH shares on June 5, 2018.
June 7, 2018 Supreme Ventures Limited (SVL) has advised that a connected party purchased 5,000 SVL shares on June 1, 2018.
June 7, 2018 Jamaica Teas Limited (JAMT) has advised that at a meeting held on June 6, 2018 the Board of Directors declared a dividend of three cents ($0.03) per ordinary share payable on 28 June 2018 to shareholders on record as at 15 June 2018. The ex-dividend date is June 14, 2018.
June 7,2018 Scotia Group Jamaica Limited (SGJ) has advised that the Board of Directors on June 6, 2018 passed the following resolution: “Be it resolved that a second interim dividend of 48 cents be paid on each stock unit of the paid up capital stock of the Company to stockholders on record as at the
Brent Oil Brent oil prices decreased by 1.63 % or US$1.27, as prices fell this week. Oil traded on June 7, 2018 at a price of $76.45 per barrel relative to US$77.72 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.47% (JMD$0.62).
June 7, 2018 According to Eurostat, the statistical office of the European Union, GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2018, compared with the previous quarter. Similarly, in the fourth quarter of 2017, GDP had grown by 0.7% in both zones. However, when compared
Daily Market Summary 6.06.18 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 6, 2018 CAC2000 Limited Annual General Meeting was held today at the Knutsford Court Hotel. Chairman, Mr. Steven Marston, during his presentation outlined the strategies the Company wishes to employ for the 2018 financial year. In FY 2017, he noted CAC2000 implemented a cloud-based Customer Relationship Management(CRM) Operation System to improve customer service and
June 6, 2018 Lasco Manufacturing Limited (LASM) has advised that Mr. Colin Maxwell resigned from the Board of Directors effective June 1, 2018. LASM also advised that Mr. Maxwell’s decision was due to an increase in his personal work load which would not have allowed him to devote enough time to carry out his responsibilities
June 6, 2018 Derrimon Trading Company Limited (DTL) has advised that two Directors purchased a total of 3,000,000 DTL shares and a Director sold 6,000,000 DTL shares. These transactions were conducted on May 18, 2018.
June 6, 2018 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party purchased 12,700 CPJ shares on May 31, 2018.
June 6, 2018 Victoria Mutual Investments Limited (VMIL) has advised that a Senior Manager sold 250,000 VMIL shares on June 4, 2018.
June 6, 2018 Seprod Limited (SEP) has advised that Director sold 200,000 SEP shares during the period May 28 to 30, 2018.
June 6, 2018 Sagicor Group Jamaica Limited (SJ) has advised that four connected parties sold a total of 911,516 SJ shares and a connected party purchased 162,516 SJ shares. These transactions were conducted during the period May 30, 2018 to June 5, 2018.
June 6, 2018 JMMB Group Limited (JMMBGL) has advised that a connected party sold 1,175,684 JMMBGL shares on June 4, 2018.
June 6, 2018 CAC 2000 Limited (CAC) has advised that the Board of Directors unanimously voted in favour in the Board Meeting held on May 30, 2018 at 231 Marcus Garvey Drive, Kingston 11, to issue an interim dividend payment on ordinary shares based on its 6 month results as follows: Dividend Payment Date: July
June 6, 2018 U.S. Bureau of Labor Statistics released its labor productivity report today. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers. According to the report, nonfarm business sector labor productivity increased
June 6, 2018 At GraceKennedy Ltd.’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. Click on link below for the full document: Media-Release-GraceKennedy-looks-to-2022-31-May-2018
June 5, 2018 Stationery and Office Supplies Limited (SOS) held its first Annual General Meeting (AGM) since listing on the Jamaica Stock Exchange(Junior Market) in August of last year. Stationary and Office Supplies (SOS) financial controller, David Charles Plant, expressed satisfaction regarding the firm’s performance. Some of the financial highlights reiterated by Mr. Plant are
June 5, 2018 Daily Market Summary 5.06.18 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
June 05, 2018 GraceKennedy Limited (GK) At GK’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. “GK maintains that in order to
June 5, 2018 Sagicor Group Jamaica Limited (SJ) has advised that earlier this year Principals of Sagicor Real Estate X Fund Limited and Sagicor Group Jamaica through its affiliated entities, (The Sagicor Entities), announced that they had entered into an agreement with NASDAQ listed all-inclusive owner and operator, Playa Hotels & Resorts N.V., to combine
June 05, 2018 Express Catering Limited (ECL) has advised that the directors have declared an Interim Dividend payment of US 0.36645 cents (US$0.0036645) per share for a total of US$ 6,001,437.50 to all shareholders on record as at June 15, 2018, payable on September 25, 2018. The ex-dividend date is June 14, 2018.
June 5, 2018 The U.S Bureau of Labor Statistics revealed that the number of job openings was little changed at 6.7 million on the last business day of April. Over the said month, there were little change in the number of hires and separations which amounted to 5.6 million and 5.4 million respectively. However, within
Daily Market Summary 4.06.18 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 4, 2018 IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 32,000 ROC shares on June 1, 2018.
June 4, 2018 Supreme Ventures Limited (SVL) has advised that a connected party sold 14,173 SVL shares on May 28, 2018.
June 4, 2018 Jamaica Broilers Group Limited (JBG) has advised that a connected party sold 112,220,184 JBG shares on May 31, 2018.
June 4, 2018 According to Eurostat, the statistical office of the European Union, in April 2018, compared with April 2017, industrial producer prices rose by 2.0% in the euro area and by 2.4% in the EU28; while in March 2018, prices increased by 0.1% in both zones. For the month of April 2018, however, industrial
June 4, 2018 Please click below to view today’s featured stock. Weekly Picks 4.06.18 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
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June 1, 2018 Victoria Mutual Investments Limited (VMIL) has advised that a Senior Manager and two connected parties sold a total of 1,755,664 VMIL shares on May 28, 2018.
June 1, 2018 Sagicor Group Jamaica Limited (SJ) has advised that six connected parties sold a total of 328,550 SJ shares and two connected parties purchased a total of 53,357 SJ shares. These transactions were conducted during the period May 24 to 30, 2018.
June 1, 2018 Kingston Wharves Limited (KW) has advised that a Director and a connected party sold a total of 336,019 KW shares during the period May 25 to 31, 2018.
June 1, 2018 Express Catering Limited (ECL) has advised that the meeting of Directors to consider an interim dividend payment on Thursday May 31, 2018, has been rescheduled to June 1, 2018.
Date: June 1, 2018 General Accident Insurance Company Limited (GENAC) Annual Meeting was held today June 1, 2018. For the financial year in review, the Company had a disappointing year closing with an underwriting loss in for the first time in recent years. Despite the underwriting performance, Gross premium moved up from $5.65 billion in
June 1, 2018 Radio Jamaica Limited (RJR) for the year ended March 31, 2018 recorded revenues of $5.05 billion, 4% lower than the$5.23 billion booked for the prior year. The quarter had a 3% decrease to $1.17 billion (2017: $1.20 million). Direct Expenses fell by 2% to $2.51 billion relative to $2.56 million for the
June 1, 2018 Jamaica Broilers Group Limited (JBGL) has advised that the Company has entered into an Agreement prior to the 28thday of April, 2018 to lend to JBGL Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35B. A portion of the loan was used to purchase a total of 165,452,446 shares. This
Brent Oil Brent oil prices decreased by 1.86 % or US$1.47, as prices fell this week. Oil traded on May 31, 2018 at a price of $77.72 per barrel relative to US$79.19 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.25% (JMD$0.33).
Date: May 31, 2018 Iron Rock’s (ROC) Annual General Meeting was held today May 31, 2018, hosted by Managing Director, Mr. Evan Thwaites. Mr. Thwaites initiated the proceedings with the director’s report. Subsequent to the report, a review of the financial year 2017 was presented. From the Director’s Report it was highlighted that gross written
Daily Market Summary 31.05.18 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
May 31, 2018 CAC 2000 Limited (CAC) has advised that Gia Abraham has assumed her newly appointed position of Chief Operating Officer (COO) effective May 1, 2018, in addition to her role of Director and Company Secretary. CAC further advised that in her new role, Ms. Abraham will be responsible for the daily operation of
May 31, 3018 Key Insurance Company Limited (KEY) has advised that a Director sold 5,228,000 KEY shares and that a Director purchased 3,605,000 KEY shares. These transactions were conducted on May 24, 2018.
May 31, 2018 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party sold 552,645 CPJ shares during the period May 29 to 30, 2018.
May 31, 2018 Supreme Ventures Limited (SVL) has advised that a connected party sold 194,993 SVL shares on May 24, 2018.
May 31, 2018 Scotia Group Jamaica Limited (SGJ) has advised that a connected party sold 100,000 SGJ shares on May 25, 2018.
May 31, 2018 Jamaica Broilers Group Limited (JBG) has advised that a connected party sold 766,549 JBG shares on May 25, 2018.
Date: May 30, 2018 Medical Disposables & Supplies Limited (MDS), for the Year ending March 31, 2018 reported Revenue of $2.04 billion, an increase of 19% compared to the $1.71 billion booked in 2017. Cost of Sales increased $280.63 million to total $1.58 billion relative to $1.30 billion in 2017, a 22% increase. As a
Date: May 31, 2018 GWEST Corporation Limited (GWEST), for the year ended March 31, 2018 reported Total revenue amounting to $66.39 million, a decrease of 93% when compared with the $1.01 billion booked last year. Revenue fell by 99% or $941,238 for the fourth quarter. GWEST stated that this performance was due to “to the
May 31, 2018 Lasco Distributors Limited (LASD) For the year ended March 31, 2018 posted a 3% growth in revenues to $16.27 billion, up from $15.80 billion in the corresponding period in 2017. Cost of sales amounted to $13.10 billion relative to the $12.87 billion posted for the prior year. Gross profits also recorded an
Date: March 31, 2018 Lasco Financial Services (LASF), for the year ended March 31, 2018 recorded a total of $1.55 billion in Trading Income; this represented a growth of 51% relative to the $1.02 billion recorded in 2017. Other Income amounted to $72.02 million, a rise of 53% compared to $46.97 million in 2017, this resulted
May 30, 2018 Salada Foods Jamaica Limited (SALF) has advised that a Director purchased 52,000 SALF shares on May 25, 2018.
May 30, 2018 Caribbean Cement Company Limited (CCC) has advised that on May 28, 2018, pursuant to the authorization of its Board of Directors, the Company entered into two loan agreements with CEMEX España, S.A., a subsidiary of CEMEX, S.A.B. de C.V.: (i) a term loan agreement for US$50 million bearing an annual interest rate
May 30, 2018 Honey Bun (1982) Limited (HONBUN) has advised that the Board of Directors declared an interim dividend of 20 Jamaican cents per share ($0.20). The dividend is payable on June 25, 2018 to shareholders on record as at June 11, 2018. The ex-dividend date is June 8, 2018.
May 30, 2018 Grace Kennedy (GK) Annual General Meeting(AGM) was held today May 30, 2018, which coincidentally marks the day Douglas Orane-former Chairman of GK- permanently retired from GK’S board of directors. In the words of current Chairman, The Hon. Gordon Shirley, “he has serve the Company with great distinction and has made an extra-ordinary
Date: May 30, 2018 Carreras Limited (CAR), for the financial year ended March 31, 2018Carreras Limited Operating Revenue of $12.55 billion, a 7% decrease compared to $13.51 billion recognized in 2017. Cost of Operating Revenue also declined year over year by 10%, amounting to $6.25 billion for the period from $6.97 billion in 2017. Notwithstanding
May 30, 2018 138SL’s Income increased by 65% to $411.92 million relative to the $248.96 million recorded for the corresponding six months period the prior year. Other operating income also increased for the six months period, growing 17% to 15.87 million relative to $13.52 a year earlier. Revenue for the second quarter rose 56% to
May 30, 2018 For the first quarter of the 2018 financial year, the company recorded a Total Revenue of $271.04million (2017: $227.91 million), representing a 19% increase. Cost of Sales for the quarter amounted to $161.94million, up 11% relative to $145.52 million booked at the end of quarter one 2017. As such, Gross Profits totaled
May 30, 2018 The U.S. Bureau of Labor Statistics confirmed in its latest report that the national unemployment rate in April was 3.7 percent, down from 4.1 percent a year earlier. “Unemployment rates were lower in April than a year earlier in 305 of the 388 metropolitan areas, higher in 63 areas, and unchanged in
Daily Market Summary 29.05.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may
May 29, 2018 Proven Investments Limited (PROVEN) has declared a dividend payment of US$ 0.0012 per share payable on June 26, 2018 to ordinary shareholders on record as at June 8, 2018. The ex-dividend date is June 7, 2018. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.151491 per
May 29, 2018 Proven Investments Limited (PROVEN) advised that the early redemption of the PROVEN 8.25% Cumulative Redeemable Preference shares was approved at a Board of Directors’ meeting held on May 25, 2018. Redemption of the PROVEN 8.25% Preference shares will take place on the next interest payment date of June 15, 2018.
May 29, 2018 Jamaica Public Service Limited (JPS) has advised that the Board of Directors on March 28, 2018 considered and approved that quarterly preference dividends be declared payable on June 29, 2018 to shareholders on record as at June 15, 2018 on the undermentioned classes of Preference Shares: $0.035 on the 7% Cumulative Preference
May 29, 2018 Scotia Group Jamaica Limited (SGJ) has advised that at a Board of Directors’ meeting scheduled for June 6, 2018 an interim dividend payment will be considered.
Daily Market Summary 28.05.18 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
Date: May 28, 2018 The Chairman of Supreme Ventures Group, Mr. David McConnell, began the proceedings at the Annual General Meeting by highlighting that the company has acquired 800 new shareholders. He further went on to introduce the President and Chief Executive Officer (CEO) of Supreme Ventures, the first female to occupy such a position
May 28, 2018 Jetcon Corporation Limited (JETCON) has advised that on May 25, 2018 a Director sold 4,000,000 JETCON shares and a Director purchased 4,000,000 JETCON shares.
May 28, 2018 Fosrich Company Limited (FOSRICH) has advised that a Senior Manager sold 450,000 FOSRICH shares on May 21, 2018.
May 28, 2018 Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on May 25, 2018 the Directors declared an interim dividend of $0.21 per stock unit to be paid out of accumulated profits on June 28, 2018 to stockholders as shown on the Register of Members as at
The President and CEO of Sagicor Group Jamaica Limited (SJ), Christopher Zacca, provided an overview of the Company’s performance for the past year, today at the Annual General Meeting. The theme of the annual report for financial year 2017 is “Driving Growth Through Performance and Innovation.” The CEO further expounded that, “this speaks to the
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May 25, 2018 Jamaica Producers Limited (JP) has advised that the Annual General Meeting of the Company will be held at The Spanish Court Hotel, 16 Worthington Avenue, Kingston 5, at 10:00 o’clock in the forenoon of Friday June 22, 2018.
May 25, 2018 Supreme Ventures Limited (SVL) has advised that a connected party purchased 400,000 SVL shares on May 21, 2018.
May 25, 2018 Key Insurance Company Limited (KEY) has advised that upon the recommendation of its Audit Committee, the Board of Directors passed a resolution via round robin on May 21, 2018 for the declaration of a dividend of $0.029 per stock unit out of earnings for the year ended December 31, 2017 to shareholders
May 25, 2018 Access Financial Services Limited (AFS) has advised that the Board of Directors approved a dividend payment to its ordinary shareholders at the Board Meeting held on May 22, 2018. The dividend payment is outlined below: Dividend per share - $0.40 Record Date - June 15, 2018 Payment Date - June 29, 2018
May 25, 2018 JMMB Group Limited (JMMBGL) has advised that at a meeting of the Board of Directors held on May 24, 2018, the Directors declared a dividend of twenty-seven cents (27cents) per ordinary share payable to shareholders on record as at June 7, 2018 to paid on June 29, 2018. The ex-dividend date is
May 25, 2018 Kingston Properties Limited (KPREIT) has advised that on May 23, 2018, KPREIT completed a further advance on an existing loan facility with Terrabank, N.A. in Florida, and that the sum of the advance was USD800,000.00, which will be used for acquisition of new properties. KPREIT further advised that the Company closed on
Daily Market Summary 24.05.18 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 1.39 % or US$1.12, as prices fell this week. Oil traded on May 24, 2018 at a price of $79.19 per barrel relative to US$80.31 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 2.15% (JMD$2.79).
May 24, 2018 The latest report from the U.S. Bureau of Labor Statistics showed that from December 2016 to December 2017, employment increased in 316 of the 346 largest U.S. counties. Midland, Texas, had the largest percentage increase with a gain of 11.5 percent over the year, above the national job growth rate of 1.5
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May 22, 2018 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 2018 quarter. The following were noted: Overview of Real Industry Developments For January-March 2018, real GDP grew up an estimated 1.12 per cent relative to the corresponding
Date: May 22, 2018 Please click below to view April 2018's USA Monthly Economic Review. USA Economic Review - April 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.
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Date: May 21, 2018 Bank of Jamaica Quarterly Monetary Report for the period (January to March 2018) The Bank of Jamaica held their Quarterly Monetary Policy Report Press Conference today, as Governor Brian Wynter highlighted the third monetary policy decision for the year was to lower the policy rate (the interest rate paid on overnight
May 21, 2018 Please click below to view today’s featured stock. Weekly Picks 21.05.18 MDS 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
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March 18, 2018 Revenue dipped by 1% amounting to $674.74 million, down from $680.34 million reported a year ago. The Company had an 5% decrease in Cost of Sales to $366.10 million and consequently, Gross Profit increased by 4% or $296.71 million year-to-date to $308.65 million. For the quarter, Gross Profit increased by 4% to
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May 17, 2018 Click link below for detail News-Release-Hearing-into-matters-related-to-NCB-Global-Holdings-Limited-bid-for-control-of-Guardian-Holdings-Limited
May 17, 2018 Eppley Fund Managers Limited (“Eppley”), Fortress Fund Managers (“Fortress”) and Altman Real Estate (“Altman”) have completed their agreement signed in January 2018, pursuant to which Eppley has now assumed all investment management and advisory responsibilities for the Fortress Caribbean Property Fund Limited SCC. Following a special shareholders’ meeting held in February, the
Date: May 17, 2018 K.L.E. Group Limited (KLE), for the first three months ended March 31, 2018 reported Total Revenue of $51.38 million, a 4% increase when compared with the $49.40 million reported for the corresponding period of 2017. Gross Profit totaled $34.39 million, up 9% relative to the $33.88 million reported in 2017. This followed
May 16, 2018 Revenue increased $31.39 million year on year, closing the period at $313.23 million, up from $263.66 million in 2017. Administrative and Other Expenses increased 15%, closing the period at $140.83 million (2017:$122.11 million). As such, Operating Profit increased 22%, closing at $172.40 million (2017:$141.55 million). There was a Fair Value Appreciation on
Date: May 16, 2018 Elite Diagnostic Limited, for the nine months ended March 31, 2018 booked a 24% increase in revenue to total $219.91 million compared to $179.29 million for the same period in 2017. Revenue for the third quarter rose by 20% to $78.24 million (2017: $65.28 million). The company stated that this was
Daily Market Summary 16.05.18 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
Date: May 16, 2018 Sagicor Group Jamaica Limited (SJ), for the three months ended March 31, 2018, reported total revenues increased by 5% to $15.82 billion from $15.08 billion in 2017, and was broken down as follows: Net investment income declined to $4.10 billion from $4.54 billion in 2017. SJ noted that this was due
May 16, 2018 For first quarter ended March 31, 2018, Jamaica Producers Group Limited (JP) experienced a 31% increase in revenue to total $4.48 billion compared to the $3.41 billion reported in 2017. The revenues generated by the various segments are as follows: JP Food & Drink division posted revenues of $2.64 billion relative to
May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net
Date: May 16, 2018 ISP Finance Services Limited’s (ISP), for the three months ended March 31, 2018 reported Total Interest Income amounting $70.46 million compared to $65.53 million in 2017, an increase of 8%. Total income is broken down as follows: Interest Income from Loans grew by 9% to total $70.38 million relative to $64.28 million
May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative
Date: May 16, 2018 General Accident Insurance Company Limited (GENAC), for the three months ended March 31, 2018 reported Net Premium Written of $430.59 million for the first quarter of the 2018 financial year, a 25% increase from the $344.45 million reported in 2017. This increase was driven by 12% increase in Gross Premium Written
May 16, 2018 Revenue totalled $4.95 billion compared to the $4.25 billion recorded for the same period of the prior financial year; this represents a 16.47% increase year over year. Cost of Sales increased by 8.81% from $3.19 billion to $3.47 billion resulting in Gross Profits increasing by 39.57% to close at $1.48billion (2017: $1.06
May 16, 2018 For the nine months ended March 31, 2018, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 1% to $302.98 million relative to $300.67 million for the comparable period in 2017. For the quarter, the Company generated gross revenue of $88.72 million, a marginal increase year over year. Cost of sales also increased
May 15, 2018 This year’s Kingston Property Limited (KPREIT) Annual General Meet (AGM) was held today under the theme, “ Ten years of increasing shareholders value”; and that is exactly what Chairman, Garfield Sinclair, believed the firm has achieved. As noted by CEO, Kevin Richards, “ back in 2008 our portfolio was valued at J$314
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Date: May 15, 2018 Sweet River Abattoirs Limited (SRA) Audited financials for the year ended March 31, 2018 reported revenue for the twelve months ended March 31, 2018 of $304.41 million, a decrease of 12% compared to the $345.12 million booked for the corresponding period in 2017. Revenue for the quarter declined by 26% compared to
Date: May 15, 2018 Jamaica Stock Exchange Limited (JSE), for the first three months ended March 31, 2018 recorded total revenue of $349.58 million, a 45% increase when compared to the $241.07 million booked the prior year. Of this: Cess income rose by 84% to $126.06 million relative to $68.56 million the previous year. Fee income
Date: May 15, 2018 Eppley Limited (EPLY), for the first three months ended March 31, 2018 reported interest income of $73.71 million an increase of 18% when compared to the $62.54 million recorded the previous year. Interest expenses amounted to $45.11 million, a 22% increase when compared to $36.86 million for the corresponding period in
Date: May 14, 2018 Key Insurance Company Limited (KEY), for the first three months ended March 31, 2018 reported a 31% increase in net premiums written from $199.17 million to $261.60 million. This was as a result of a 31% increase in gross premiums written from $295.93 million to $387.66 million. Reinsurance cede for the first
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Grace Kennedy Limited (GK), for the three months ended March 31, 2018, recorded revenue of $24.91 billion for year (2017: $23.69 billion), a year over year increase of 5%. The biggest contributor to the group’s overall revenue for the quarter was income from the ‘Food Trading’ segment which contributed a total of $19.98 billion (2017: $18.82
May 10, 2018 JMMB Group Limited (JMMBGL) has advised that at a Board of Directors’ meeting scheduled for May 24, 2018, an interim dividend payment to ordinary shareholders of the Company will be considered.
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May 9, 2018 While the number of job openings increased to 6.6 million for March 2018, hires, separations and quits (which is a portion of separation) all recorded little change. In other words, the change that occurred in these items were statistically insignificant. According to the Bureau of Labor Statistics in a most recent report,
May 9, 2018 Interest income declined by 5% during the six month period, amounting to $511.74 million relative to $540.44 million for the comparable period in 2017. Interest expense also declined to close at $322.43 million compared to $394.49 million in 2017. As a result, net interest income increased by 30% to $189.31 million relative
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May 7, 2018 Daily Market Summary 07.05.18 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
C2W Music Limited’s (MUSIC) Annual General Meeting was held on Saturday, May 5, 2018, at the Knutsford Court Hotel. The meeting began with the reading of the Audit Statement by Emile Lafayette, Partner at Baker Tilly Strachan and Lafayette, external auditors of the company. Audit statement followed initial opening remarks by Chairman Derek Wilkie. The
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May 4, 2018 Job gains in professional and business services, manufacturing, health care, and mining was sufficient to force the unemployment rate down to 3.9 percent in April 2018, following 6 months at 4.1 percent. For the month total nonfarm payroll employment increased by 164,000. Among the major worker groups, the unemployment rate for adult
May 3, 2018 Dolphin Cove Limited (DCOVE) has advised that at a board meeting scheduled for Thursday, May 10, 2018, consideration will be given to the payment of an interim dividend.
May 3, 2018 PanJam investment Limited (PJAM) has advised that at a meeting of the Board of Directors scheduled for Thursday, May 10, 2018 the Directors will consider the payment of a second interim dividend for the year 2018.
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May 3, 2018 Business Confidence Index According to the Survey of Business Confidence index dipped to 136.5 points for the first quarter 2018, 2.05 points below 2017 average of 138.6 points. As stated by the report, this dip the Business Confidence index was too small to consider it an “established change in business sentiment” and
Brent Oil Brent oil prices decreased by 2.68 % or US$2, as prices fell this week. Oil traded on May 3, 2018 at a price of $72.69 per barrel relative to US$74.69 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.04% (JMD$1.32).
May 3, 2018 Labor productivity, or output per hour, for nonfarm business sector increased 0.7 percent during the first quarter of 2018, reflecting an increase of 2.8 percent in output while hours worked increased 2.1 percent. On an annual basis, from the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3
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May 2, 2018 The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. According to a press release by the Federal Open Market Committee, “the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains
May 2, 2018 For the month of March 2018 the euro area unemployment rate remained stable at 8.5% when compared to February 2018, according to the latest report published by Eurostat. However, year over year, unemployment rate fell 0.9% from 9.4% recorded in March 2017. Unemployment is at its lowest in the euro area since
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May 1, 2018 According to the Statistical Institute of Jamaica (STATIN), unemployment rate continued on a downward trajectory for January 2018 due to decline in the labour force along with a simultaneous increase in employment. In January 2018, unemployment rate was 9.6% a decrease of 3.1% when compared with 12.7% in January 2017, the latest
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April 30, 2018 According to the Bureau of Labor Statistics, for the 3-month period ended March 2018, compensation costs for civilian workers increased 0.8 percent. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. Civilian
Date: April 30, 2018 Supreme Ventures Limited (SVL), for the Three Months March 31, 2018 reported a 14% increase in Revenues to total $15.29 billion, up from $13.39 billion in 2017 representing the best results for the first quarter in the history of Group’s operation. Revenues from the company’s segments were as follows: Lottery - $10.98
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April 27, 2018 Seprod Limited (SEP), for the year ending December 31, 2017, reported Revenue of $16.51 billion compared to the $15.78 billion recorded for the prior financial year; this represents a 4.62% increase year over year. SEP noted, “the export segment delivered a 46% growth over prior year, despite some key markets being negatively
April 27, 2018 Net gain on financial assets classified as at fair value through profit and loss amounted to US$2.07 million compared to a loss of US$437,923 last year. For the three months, net gain on financial assets classified as fair value through profit amounted to US$1,38 million compared to a 2017 loss of US$1.18
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Brent Oil Brent oil prices increased by 0.48 % or US$0.36, as prices rose this week. Oil traded on April 26, 2018 at a price of $74.69 per barrel relative to US$74.33 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.19% (JMD$1.49).
April 26, 2018 Net job loss due to closing and contracting private-sector establishments for third quarter-June 2017 to September 2017- amounted to 140,000, the Bureau of Labor Statistics reported in its latest release. According to the Bureau, “gross job losses from closing and contracting private-sector establishments were 7.4 million, an increase of 268,000 jobs lost
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Date: April 24, 2018 IronRock Insurance Company Limited (ROC), for the three months ended March 31, 2018 posted gross premium of $155.02 million relative $61.94 million; this represents a 150% increase year over year. Change in gross provision for unearned premiums amounted to $99.46 million compared to $42.30 million in 2017 while excess of loss premium
April 24,2018 At the end of the fourth quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 86.7%, compared with 88.1% at the end of the third quarter of 2017, according to Eurostat. Likewise, in the EU28, the ratio also decreased from 82.4% to 81.6%. The decrease was
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April 23, 2018 According to the latest report by Eurostat, in 2017, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2016. “In the euro area the government deficit to GDP ratio fell from 1.5% in 2016 to 0.9% in 2017,and in the EU28
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April 20, 2018 For 2017, the United States was the EU's largest partner for exports (20 % of total extra-EU exports) and second largest for EU imports (14 % of total extra-EU imports), after China (20 %) according to Eurostat. For the period 2007 to 2017, the EU had a trade surplus (meaning larger exports
Date: April 19, 2018 Please click below to view March 2018's USA Monthly Economic Review. USA Economic Review - March 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.
Daily Market Summary 19.04.18 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 increased by 3.58 % or US$2.57, as prices rose this week. Oil traded on April 19, 2018 at a price of $74.33 per barrel relative to US$71.76 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.20% (JMD$1.48).
April 19, 2018 U.S real gross domestic product (GDP) grew 2.9% for the fourth quarter of 2017, led by 16 of the 22 domestic industry groups. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, “Durable Goods Manufacturing; Construction; and Professional, Scientific, and Technical Services were the leading
April 18, 2018 Please click link below for the 2017 year-end results for Mayberry Group. Mayberry March 2018 Q1 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 taking any Action in
April 18, 2018 Chief Executive Officer of Jamaican Teas Limited, John Mahfood, pledges to continue to drive export growth as the firm’s strategic plan for the short term. At the General Annual Meeting (AGM) held today, John Mahfood proudly told shareholders that export sales in the 2017 financial year had surpassed domestic sales. “ In 2017,
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April 18, 2018 In February 2018 compared with January 2018, production in the construction sector decreased by 0.5% in the euro area (EA19) and by 0.8% in the EU28, according to a recent publication by Eurostat, the statistical office of the European Union. Activities in the construction sector is decreasing at a slower pace than
April 17, 2018 Stationery and Office Supplies Limited (SOS) has advised of the purchase of equipment used to manufacture various types of writing books as well as the brand name SEEK. “This purchase will allow SOS to enter the manufacturing industry in Jamaica starting with books and a plan to continue to manufacture other stationery
April 17, 2018 Euro area (EA19) exports of goods to the rest of the world in February 2018 was €177.5 billion, an increase of 3.0% compared with February 2017 (€172.3 billion). On the other hand, imports from the rest of the world stood at €158.6 billion, a rise of 1.5% compared with February 2017 (€156.2
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April 16, 2018 All indicators reveals that the labor market remains stable for the month of February, a recent release from the U.S. Bureau of Labor Statistics reported. According to the report, “Over the month, hires and separations were little changed at 5.5 million and 5.2 million, respectively. Within separations, the quits rate was unchanged
April 16, 2018 Ciboney Group Limited (CBNY) has advised that their Board of Directors has been informed by FINSAC that it wishes to dispose of its interest in CBNY. CBNY states that FINSAC control approximately 72% of the Company’s shareholding through Trumpton Limited [41%], Crown Eagle Life Insurance Company Limited [25%] and Eagle Merchant Bank
Date: April 16, 2018 AMG Packaging Paper Company Limited (AMG), for the six months ended February 28, 2018 recorded Turnover in the amount of $343.93 million, a growth of 12% when compared to $306.31 million the previous year period. For the second quarter revenues climbed from $153.40 million to $162.54 million, a 6% increase. Cost of
April 16, 2018 Please click below to view today’s featured stock. Weekly Picks 16.04.18 SVL 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
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April 13, 2018 Paramount Trading (Jamaica) Limited (PTL), for the nine months ended February 28, 2018 recorded a 24% increase in total revenues to $1.04 billion from $835.75 million reported in 2017. For the third quart PTL increased it revenue by 17% to $348.08 million(2018) from $296.62 million (2017). Direct expenses closed the period at
Date: April 13, 2018 Elite Diagnostic Limited, for the six months ended December 31, 2017 booked a 24% increase in revenue to total $141.67 million compared to $114.12 million for the same period in 2016. Revenue for the second quarter rose by 26% to $71.85 million (2016: 57.24 million). The company stated that, “these increases
Date: April 12, 2018 Knutsford Express Services Limited (KEX), for the nine months ended February 28, 2018 reported total revenue of $677.13 million, a 23% or $124.46 million increase when compared with the $552.67 million reported for the same period in 2017. For the third quarter, revenues amounted to $231.71 million, a 14% increase relative to
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Brent Oil Brent oil prices increased by 5.02 % or US$3.43, as prices rose this week. Oil traded on April 12, 2018 at a price of $71.76 per barrel relative to US$68.33 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.31% (JMD$0.38).
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April 11, 2018 Key Insurance Company Limited (KEY) has advised that a Director sold 1,500,000 KEY shares on April 9, 2018.
April 11, 2018 All employees The U.S. Bureau of Labor Statistics reported today that real average hourly earnings for all employees increased 0.4 percent from February to March. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers
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April 10, 2018 The EU28 recorded a current account surplus of €63.5 billion (1.6% of GDP) in the fourth quarter of 2017, down from a surplus of €67.4 billion (1.8% of GDP) in the third quarter of 2017 and from a surplus of €64.4 billion (1.7% of GDP) in the fourth quarter of 2016, according
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March 9, 2018 Gross Domestic Product (GDP) for the Jamaican economy grew by 1.1 per cent in the fourth quarter of 2017 when compared to the fourth quarter of 2016. According to The Statistical Institute of Jamaica, STATIN, the quarterly improvement in GDP was due mainly to “a 1.2 per cent growth in the Goods
April 9, 2018 Please click below to view today’s featured stock. Weekly Picks 09.04.18 DTL 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
April 6, 2018 Sagicor Bank Jamaica Limited (SBJ) has advised that Mr. Philip W. Armstrong tendered his resignation from the Board effective March 31, 2018.
April 6, 2018 Seprod Limited (SEP) has advised that Mr. Patrick A. Scott was appointed to the Board of Directors effective April 4, 2018.
Daily Market Summary 06.04.18 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
April 6, 2018 Unemployment rate remains flat at 4.1percent even as total nonfarm payroll employment edged up by 103,000 in March. Sectors that experience a marginal uptick in employment for the month of March were manufacturing, health care, and mining. “Among the major worker groups, the unemployment rates for adult men (3.7 percent), adult women
Brent Oil Brent oil prices decreased by 2.76% or US$1.94, as prices fell this week. Oil traded on April 5, 2018 at a price of $68.33 per barrel relative to US$70.27 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27). Additionally
April 5, 2018 Victoria Mutual Investments Limited (VMIL) has advised that VMIL recently raised J$1B by way of an exempt distribution arranged by Victoria Mutual Wealth Management Limited and that the terms of the bond include a fixed rate of .75% for two years, variable thereafter with a total tenure of five (5) years. The offer
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April 5, 2018 According to a recent release by Eurostat, the statistical office of the European Union, the volume of retail trade increased by 0.1% in the euro area (EA19) and by 0.2% in the EU28 for the month of February 2018, after falling by 0.3% in the euro area (EA19) for the previous month.
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April 4, 2018 Unemployment Unemployment rate for both euro area (EA19) and EU 28 nudged down marginally from January to February of this year, according to data published by Eurostat, the statistical institute of the Europe Union. This is the lowest rate recorded in both areas since December 2008. The euro area (EA19) unemployment rate
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Date: April 3, 2018 K.L.E Group Limited (KLE) ,for the year ended December 31, 2017 recorded a total revenue of $215.43 million (2016: $195.94 million), representing a 10% increase in revenues. Cost of sales for the year increased by 11% to $69.61 million compared to the $62.70 million reported in 2016; as a result, Gross profit
April 3, 2018 Consolidated Bakeries (Jamaica) Limited (PURITY) for the year ended December 31, 2017 recorded a 2.01% decline in revenue to $862.61 million from $880.27 million reported for the corresponding period in 2016. For the fourth quarter, the Company recorded revenue of $219.54 million (2016: $199.64 million), representing a 10% improvement year over year.
April 3, 2018 Please click below to view today’s featured stock. Weekly Picks 03.04.18 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 29.03.18 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
Daily Market Summary 28.03.18 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
March 28, 2018 Estimates released by the Bureau of Economic Analysis, show an increase in real gross domestic product (GDP) at an annual rate of 2.9 percent in the fourth quarter of 2017, a marginal decrease from the 3.2 percent recorded in the third quarter. The slowdown in real GDP growth rate in the fourth
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March 27, 2018 Based on data from Eurostat, the statistical office of the European Union, the United States and China are the two main trading partners of the European Union (EU). “ In 2017, the United States (€631 billion, or 16.9% of total EU trade in goods) and China (€573 bn, or 15.3%) continued to
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March 26, 2018 C2W recorded revenue for the financial year ended December 31, 2017 of US$11,775 relative to US$66,749 in 2016. Of total revenue, fees and royalties amounted to US$7,153 relative to US$40,569 in 2016. Other income for the year closed at US$4,622 compared to US$26,180. For the quarter, the company recorded revenue of US$6,188
March 26, 2018 Please click below to view today’s featured stock. Weekly Picks 26.03.18 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
March 23, 2018 Jamaica Broilers Group Limited (JBG) has declared an interim dividend of $0.17 per share payable on April 26, 2018 to shareholders on record as at April 6, 2018. The ex-dividend date is April 5, 2018.
March 23, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors held on March 21, 2018, Mr. Christopher Zacca has been appointed to the Board of the Company to fill a casual vacancy.
Daily Market Summary 23.03.18 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
March 23, 2018 Unemployment rates were lower in February for 7 states and stable in the remaining 43 states and the District of Columbia, based on data released by the U.S. Bureau of Labor Statistics. Fifteen states had jobless rate decreases from a year earlier, while 35 states along with the District had little or
March 22, 2018 Elite Diagnostic Limited (ELITE) has advised that a Director purchased 150,000 ELITE shares during the period March 8 to 9, 2018.
March 22, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors of the JSE held on March 21, 2018, the Directors declared a dividend of $0.1355 per ordinary share payable to shareholders on record at April 6, 2018 to be paid on April 20, 2018. The ex-dividend date
Daily Market Summary 22.03.18 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 increased by 6.02% or US$3.92, as prices rose this week. Oil traded on March 22, 2018 at a price of $69.04 per barrel relative to US$65.12 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week over week, by 2.40% (JMD$2.89). Additionally
March 22, 2018 Click link below for information on Seprod's acquisition of Facey's Consumer Business. Seprod-Limited-Acquisition-of-Facey’s-Consumer-Business Mar 22, 2018 Company Disclosure -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
March 22, 2018 U.S. Bureau of Labor Statistics reported on March 20,2018 that employer costs for employee compensation averaged $35.87 per hour worked in December 2017. Wages and salaries averaged $24.49 per hour while benefit costs averaged $11.38.The average compensation for state and local government is higher than that of private industry. Total employer compensation
March 22, 2018 Click link below for update on CWC CALA Holding Limited offer to purchase CWJ shares. CWJ-Update-on-Offer-to-Purchase-Shares- Mar 22, 2018 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
March 21, 2018 Based on data collected by The Federal Reserve since the Federal Open Market Committee met in January indicates that the US economy has shown improvement with activity on the rise. Labor market continued to strengthen while economic activity has risen at a moderate rate. Unemployment rate stayed low in recent months. Data
Daily Market Summary 21.03.18 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
March 21, 2018 CAC 2000 Limited revenues for the first quarter decreased by 21% to $239.51 million compared to $301.88 million recorded for the same period for the prior financial year. Management noted, “the portfolio of open jobs on hand and quotation activity was down (colder weather and persistent rain diminishing the demand for personal
Daily Market Summary 20.03.18 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
March 20, 2018 Please click link below to view press release from Caribbean Cement Company Limited (CCC). CCCL MOU Signing March 19 2018 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
March 19, 2018 DTL Fixed and Floating Cumulative Redeemable Preference Share 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 the contents of this information is
Daily Market Summary 19.03.18 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
March 19, 2018 Production in the construction sector decreased by 2.2% in the euro area (EA19) and by 2.1% in the EU28, in January 2018 compared with December 2017 according to Eurostat, the statistical office of the European Union. In December 2017, production in construction grew by 0.7% in the euro area and by 1.0%
March 19, 2018 Victoria Mutual Wealth Management Limited has advised that the Invitation made by CAC 2000 Limited subject to a prospectus dated March 07, 2018 in respect of Preference Shares at the price of $1.00 per Preference Share closed at approximately 12:30 pm. on Friday, March 16,2018. The broker further advised that the Offer
March 19, 2018 Please click below to view today’s featured stock. Weekly Picks 19.03.18 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 16.03.18 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 increased by 1.93% or US$1.23, as prices rose this week. Oil traded on March 15, 2018 at a price of $65.12 per barrel relative to US$63.89 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27).
Date: March 16, 2018 Please click below to view February 2018's USA Monthly Economic Review. USA Economic Review - February 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.
March 16, 2018 Please click link below for the 2017 year-end results for Mayberry Group. Mayberry Investments Ltd. - Audited Financial Statements for the year ended December 31 2017 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
March 16, 2018 Please click link below for press release from CWC CALA Holding Limited. PRESS-RELEASE-CABLE-WIRELESS-JAMAICA-LIMITED-UPDATED-TIMELINE 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
Daily Market Summary 15.03.18 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
March 15, 2018 Sagicor Bank Jamaica Limited (SBJ) has advised of the following changes in the senior management team of the Company: Sabrina Cooper has been transferred from Vice President - Retail Banking to Vice President - Payments effective October 1, 2017. Michael Willacy has been transferred from Vice President - Corporate & Commercial Banking
March 15, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 6,744,249 NCBFG shares on March 13, 2018.
March 15, 2018 U.S. import prices rose 0.4% in February, following an increase of 0.8% in January, according to the Bureau of Labour Statistics. Export prices rose at and even slower pace, inching up 0.2 percent in February, following a 0.8-percent advance the previous month. Imports February’s 0.4% increase in the import price index
March 14, 2018 Kingston Wharves Limited (KW) has advised that a connected party sold 25,413 KW shares during the period March 8 to 9, 2018.
Daily Market Summary 14.03.18 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
March 14, 2018 According to national accounts estimates published by Eurostat, the statistical office of the European Union, employment increased by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2017 compared with the previous quarter. However, this represent a 0.1% fall in employment grow rate from
Daily Market Summary 13.03.18 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
March 13, 2018 Cable & Wireless Jamaica Limited (CWJ) has requested for change of period for suspension of trading in CWJ Shares. Please click on link below for a copy of the Resolution of their Board of Directors to that effect. Cable-Wireless-Jamaica-Limited-CWJ-Request-for-Change-of-Period-for-Suspension-of-Trading-in-CWJ-Shares
March 13, 2018 Revenue for the period declined by 13% from $40.11 million for the comparable period in 2016 to $34.81 million year to date. Other operating income increased by 25% to $75.10 million (2016: $60.11 million). Consequently, total income for the period increased by 10% to $109.91 million relative to $100.22 million for the
March 12, 2018 Lasco Financial Services Limited (LASF) has advised that a Senior Manager sold 98,823 LASF shares on March 1, 2018. LASF also advised that a Director sold 88,868 LASF shares on March 6, 2018.
Daily Market Summary 12.03.18 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
Date: March 12, 2018 BOJ Adjusts Exchange Rate for Cambio Cash Surrenders Effective 01 May 2018, Bank of Jamaica will purchase cash surrenders from cambios at the mid‐day rate less a discount factor of 2.00 percent. This discount rate represents an increase from the previous discount of 0.25 percent. Handling cash is costly and has
March 12, 2018 The U.S. Bureau of Labor Statistics in its latest report on March 12, 2018, revealed that the national unemployment rate was unchanged from December at 4.1 percent but was 0.7 percentage points lower than in January 2017. “Unemployment rates were lower in January in 6 states and the District of Columbia and
March 12, 2018 Please click below to view today’s featured stock. Weekly Picks 12.03.18 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
March 9, 2018 Sagicor Group Jamaica Limited (SJ) has advised that a connected party sold a total of 33,000 SJ shares during the period March 2 to 6, 2018.
March 9, 2018 NCB Financial Group Limited (NCBFG) has advised that a Director purchased 14,400 NCBFG shares on March 6, 2018.
March 9, 2018 Kingston Wharves Limited (KW) has advised that two connected parties sold a total of 406,343 KW shares during the period March 6 to 7, 2018.
March 9, 2018 Mario Draghi, President of the European Central Bank (ECB) reported on the progress of the Euro area economy at a press conference held March 8, 2018. ECB has decided to keep the key interest rates unchanged and has vowed to continue its asset purchasing program up to September 2018, or beyond, if
Daily Market Summary 9.03.18 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
March 9, 2018 Grace Kennedy reported on its year end result via a live video stream March 8, 2018. Group Chief Executive Officer (CEO) Donald Wehby started off by outlining a myriad of challenges the company faced for the 2017 period, before moving on to unveil future plans for the Group in 2018 and beyond.
March 8, 2018 Supreme Ventures Limited (SVL) has advised that it has signed an agreement with the Guyana Gaming Authority (GGA), which opens up the potential for operations in Guyana. SVL further advised that the agreement is subject to a confidentiality clause, and in this regard as soon as SVL is able to and is
March 8, 2018 Lasco Financial Services Limited (LASF) has advised that a Senior Manager sold a total of 492,500 LASF shares on February 28, 2018.
Brent Oil Brent oil prices fell by 0.13% or US$0.08, as prices decreased this week. Oil traded on March 8, 2018 at a price of $63.89 per barrel relative to US$63.97 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.52% (JMD$0.63). Additionally
Daily Market Summary 8.03.18 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
March 8, 2018 Total Revenue for the year ended December 31, 2018 grew 29% to $13.11 billion (2016: $10.25 billion). For the fourth quarter ended December 31, 2017, the company’s total revenue however increased 56% to close at 3.04 billion (2016: $1.95 billion) Hotel revenue for the 2017 year end increased to $10.27 billion relative
Date: March 8, 2018 Sagicor Group Jamaica Limited (SJ), for the twelve months ended December 31, 2017, reported total revenues increased by 18% to $70.44 billion from $59.70 billion in 2016.Total revenue was broken down as follows; Net premium revenue increased by 22% to a total of $41 billion compared to $33.49 billion last
March 7, 2018 Lasco Financial Services Limited (LASF) has advised that a Senior Manager sold a total of 121,347 LASF shares during the period February 26 to 27 , 2018.
March 7, 2018 Kingston Wharves Limited (KW) has advised that a connected party purchased 282,200 KW shares on March 5, 2018.
March 7, 2018 Supreme Ventures Limited (SVL) has advised that it signed an agreement with Guyana Gaming Authority (GGA), which opens up the potential for operations in Guyana. The agreement is subject to a confidentiality clause, and in this regard as soon as SVL is able to and is permitted, full disclosure will immediately be
Daily Market Summary 7.03.18 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
March 7, 2018 Please click link below for further details. BOJ Press Release - BFXITT Buy Side - 07 March 2018 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
Daily Market Summary 6.03.18 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
March 6, 2018 Lasco Financial Services Limited (LASF) has advised that a connected party purchased 100,000 LASF shares and that a connected party sold 111,958 LASF shares. These transactions were conducted on March 1, 2018.
March 6, 2018 Wisynco Group Limited (WISYNCO) has advised that a connected party sold 111,723,038 WISYNCO shares on March 2, 2018.
March 6, 2018 JMMB Group Limited (JMMBGL) has advised that a connected party sold 28,548 JMMBGL shares on March 2, 2018.
March 6, 2018 Derrimon Trading Company Limited (DTL) held its Extraordinary General Meeting with shareholders earlier today, March 6, 2018. The main purpose of the meeting was to put the following three matters to poll: An Ordinary Resolution to increase the Authorised Share Capital of the Company to create an additional 400,000,000 share. An Ordinary
March 6, 2018 The volume of retail trade decreased by 0.1% in both the euro area (EA19) and in the (EU28) in January 2018 versus December 2017, according to a recent estimates from Eurostat, the statistical office of the European Union. Retail trade volume in December 2017 slid by 1% and 0.39% in the euro
March 5, 2108 Dolphin Cove Limited (DCOVE) has advised that Mr. William McConnell resigned from the Board of Directors effective February 27, 2018.
March 5, 2018 Lasco Financial Services Limited (LASF) has advised that two connected parties purchased a total of 40,000 LASF shares on February 23, 2018.
Daily Market Summary 5.03.18 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
March 5, 2018 Please click link below for further detail Press-Release-GraceKennedy-Ltd-Surpasses-90-Billion-in-Revenue-at-the-end-of-its-95th-Anniversary-Year 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
March 5, 2018 Please click below to view today’s featured stock. Weekly Picks 05.03.18 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
March 2, 2018 Derrimon Trading Limited (DTL) reported trading income of $6.72 billion for the year ended December 31, 2017. For the quarter, trading income amounted to $396.58 million. Cost of Sales for the year amounted to $5.39 billion, resulting in a gross profit of $1.34 billion for the 2017 financial year. Gross profit for
Daily Market Summary 2.03.18 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
March 2, 2018 For year ended December 31, 2017, Jamaica Producers Group Limited (JP) experienced a 34% increase in revenue to total $16.16 billion compared to the $12.08 billion reported in 2016. The company posted fourth quarter revenue of $4.77 billion a 23% increase (2016: $3.88 billion). The Food & Drink Division had a $735.41
Date: March 2, 2018 DCOVE Limited, for the twelve months ended December 31, 2017, reported total Revenue of US$16.63 million, a 9% increase when compared to US$15.26 million booked the year prior. Revenue from Dolphin Attraction contributed US$9.14 million to Total Revenue; this represents a 4% increase when compared to the US$8.81 million reported
Date: March 2, 2018 Jetcon Corporation Limited (JETCON), for the twelve months ended December 31, 2017, reported Turnover for the twelve months grew by 37% to $1.18 billion (2016: $857.04 million). Cost of Sales also increased by 36% to $954.89 million (2016: $703.86 million) and as a result Gross Profit increased by 45% to
Date: March 2, 2018 For the twelve months ended December 31, 2017, Cable & Wireless Jamaica Limited (CWJ) reported revenue for the period was booked at $27.17 billion, a 9% increase relative to the $25.04 billion last year. CWJ noted that this increase was “primarily driven by the Mobile revenue growth of 18% (on
March 01, 2018 SOS reported year end revenue of $906.51 million relative to 702.07 million in 2016, a 29% increase, while for the fourth quarter revenues amounted to $241.63 million (2016: $178.35 million). The company’s cost of sales totaled $483.49 million up 33% relative to the $363.40 million reported in 2016. As a result gross
Date: March 1, 2018 FosRich Company Limited (FOSRICH) for the twelve months ended December 31, 2017 booked a 9% decrease in revenue to total $1.05 billion compared to $1.16 billion for the same period in 2016. Cost of sales for the year showed a reduction of 17%, moving from $686.66 million to $573.01 million. Despite
Daily Market Summary 1.03.18 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
Grace Kennedy Limited (GK), for the year ended December 31, 2017, recorded revenue of $92.48 billion for 2017 (2016: $88.27 billion), a year over year increase of 5%. For the quarter, the company increased revenue by 7% to total $23.18 billion (2016: $21.62 billion). The biggest contributor to the group’s overall revenue for the year
March 01, 2018 Fourth Quarter GDP Real gross domestic product (GDP) increased at an annual rate of 2.5% in the fourth quarter of 2017, the Bureau of Economic Analysis reported on the 28th February 2018. This was a .7% decrease from the growth rate of 3.2% reported for the third quarter in 2017. The deceleration
March 01, 2018 Kingston Properties Limited reported Rental Income of $196.32 million, 50.49% more than the $130.46 million reported for 2016. Property management fee of $7.96 million was reported for 2017 relative to none reported in 2016. There was no Other Income reported in 2017 and according to the company. This resulted in a 56.59%
Gas Price Movement March 1, 2018 Brent Oil Brent oil prices fell by 4.53% or US$3.01, as prices decreased this week. Oil traded on March 1, 2018 at a price of $63.38 per barrel relative to US$66.39 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week
March 01, 2018 Please click link below to view advisory from Sagicor Real Estate X Fund Ltd (XFUND) and Sagicor Group Jamaica Limited (SJ). News-Release-Sagicor-Combines-Hotel-Operations-with-Playa-Hotels-and-Resorts 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
February 2018 Sagicor Real Estate X Fund Limited (XFUND) has advised that the Company and Sagicor Group Jamaica Limited have entered into an agreement with NASDAQ listed hotel owners and operators, Playa Hotels & Resorts N.V., to combine tourism assets. The Sagicor Entities will contribute their portfolio of all-inclusive resorts and developable land sites in
February 28,2018 Daily Market Summary 28.2.18 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.
February 28, 2018 Honey Bun (1982) Limited’s Annual General Meeting was held today, the 28th of February 2018. The meeting started off with a tribute to the late great Sushil Jain who passed away in the latter part of 2017. After paying his respect, Chairman Herbert Chong reiterated some of the financial highlights of the
Blue Power Group Limited (BPOW) for the nine months ended January 31, 2018, booked a 10% increase in revenue to total $1.15 billion compared to $1.05 billion for the same period in 2017. Revenue for the Lumber Depot increased 13% to $808.72 million, while revenue for the soap division increased 2.2% to $340.78 million. Revenue
Jamaica Stock Exchange Limited (JSE), for the year ended December 31, 2017, recorded total revenue of $991.15 million, a 14% increase when compared to the $865.78 million booked the prior year. Total revenue for the quarter amounted to $295.68 million (2016: $171.59 million). Of this: Cess income declined by 13% to $285.78 million relative to
February 27, 2018 Daily Market Summary 27.2.18 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
February 26, 2018 Lasco Manufacturing Limited (LASM) has advised that a Senior Manager sold a total of 3,000,000 LASM shares on February 29, 2018.
February 26, 2018 Lasco Financial Services Limited (LASF) has advised that a Director sold 20,100 LASF shares on February 20, 2018.
February 26, 2018 Supreme Ventures Limited (SVL) has declared a dividend of twelve (12) cents per share and a special dividend of eight (8) cents per share payable on March 23, 2018 to shareholders on record as at March 9, 2018. The ex-dividend date is March 8, 2018.
Daily Market Summary 26.2.18 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
February 26, 2018 The most recent post by the Euro-stat, the statistical institute of the Eurozone, revealed that nearly half (48.7%) of unemployed persons aged 16-64 in the European Union (EU) were at risk of poverty after social transfers in 2016. Persons at risk of poverty are those living in a household with an equivalised
February 26, 2018 Please click below to view today’s featured stock. Weekly Picks 26.02.18 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 23.2.18 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
February 23, 2018 1834 Investments Limited (1834) has advised of a delay in the submission of its unaudited financial statements for the third quarter ended December 31, 2017. This delay is due to the engagement of a new accounting firm for the preparation of the Company’s financial statements. As a result, additional time was required
February 23, 2018 Wisynco Group Limited (WISYNCO) has advised that on February 20, 2018 a Director sold 16,092,133 WISYNCO shares to a connected party.
February 22,2018 IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 3,192,000 ROC shares on February 20, 2018.
February 22,2018 PanJam Investment Limited (PJAM) has advised that at a meeting of the Board of Directors scheduled for Wednesday, February 28, 2018 an interim dividend payment will be considered.
Daily Market Summary 22.2.18 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
Daily Market Summary 21.2.18 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
February 21, 2018 JMMB Group Limited (JMMBGL) has advised that a connected party sold 3,000,000 JMMBGL shares on February 19, 2018.
February 21, 2018 Salada Foods Limited (SALF) Annual General Meeting (AGM), was held today February 21, 2018 at the company’s premises, with a tour of its plant. Chairman, Patrick Williams, reiterated salada’s strategy of becoming more efficient by fully utilizing the excess capacity of it plant which he said is over sixty years. However, the
Daily Market Summary 20.2.18 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
Date: February 20, 2018 Please click below to view January 2018's USA Monthly Economic Review. USA Economic Review - January 2018 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
February 20, 2018 GraceKennedy Limited (GK) has advised that at a Board of Directors’ meeting scheduled for Thursday, March 1, 2018 an interim dividend payment will be considered.
February 20, 2018 Pulse Investments Ltd Annual General Meet (AGM) was held today, February 20, 2018, at the company’s head office at 38a Trafalgar Rd. After the usual salutations, Kingsley Cooper, Chairman, went straight ahead into the financial highlights of the recent year ended June 30, 2017. According to Chairman Cooper: ‘Pulse Investments Ltd continued
Date: February 20, 2018 At the Annual General Meeting held at AMG Packaging & Paper Company Limited on February 20, 2018, The Chairman, Mr. Barrington Chisholm formally made the introductions and welcome of the board of directors and the general audience. It was highlighted that for the financial year ended August 31, 2017, that the
February 20, 2018 Seprod Limited (SEP), for the year ending December 31, 2017, reported Revenue of $16.21 billion compared to the $15.78 billion recorded for the prior financial year; this represents a 2.7% increase year over year. SEP noted, “the export segment delivered a 46% growth over prior year, despite some key markets being
Date: February 19, 2018 Pulse Investments Limited, for the six months ended December 31, 2017, reported revenue increased 15%, closing at $216.79 million, from $188.49 million in 2016, while for the quarter, revenue amounted to $97.41 million up by 21% compared to the $80.39 million booked in 2016. Administrative and Other Expenses went up
Daily Market Summary 19.2.18 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
February 19, 2019 The U.S. Bureau of Labor Statistics in one of its latest release reported an increase in both US import and export indexes. U.S. import prices increased 1.0% in January, albeit at a slower pace than the December 0.2%. Prices of export increased a 0.8% in January versus a 0.1% in December. Imports
February 19 2018 Please click below to view today’s featured stock. Weekly Picks 19.02.18 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
February 16, 2018 Productive Business Solutions Limited (PBS) for the year ended December 31, 2017, reported a 1% increase in revenues from US$171.13 million for the 2016 period to US$171.99 million in 2017. Direct expenses recorded a decline to close the period at US$98.09 million when compared to US$100.36 million for the same period of 2016.
Daily Market Summary 16.2.18 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
February 16, 2018 Sweet River Abattoir & Supplies Company Limited (SRA) for the nine months ended December 31, 2017, recorded a 7% decline in revenue to $239.43 million relative to $257.10 million in the same period in 2016. Revenue for the quarter declined 6% to close at $73.98 million relative to $78.87 million. Cost of
Date: April 3, 2018 Kindly see audited results for ISP Finance Services Limited below: ISP Finance Services Limited (ISP), for the year ended December 31, 2017 reported Total Interest Income of $288.74 million compared to $231.80 million in 2016, an increase of 25%. For the fourth quarter, Total Interest income amounted to $78.04 million (2016: $63.01
Date: April 9, 2018 Kindly see audited results for General Accident Insurance Company Limited below: General Accident Insurance Company Limited (GENAC) For the year ended December 31, 2017 reported Gross premium written of $7.11 billion, 26% higher than the $5.65 billion reported for 2016. Reinsurance ceded rose 28% to close at $5.56 billion relative to
February 16, 2018 Interest income declined marginally by 6% during the three month period, amounting to $254.95 million relative to $270.27 million for the comparable period in 2016. Interest expense also declined to close at $174.17 million compared to $193.12 million in 2016. As a result, net interest income increased by 5% to $80.78 million
Date: April 3, 2018 Kindly see audited results for IronRock Insurance Company Limited below: IronRock Insurance Company Limited (ROC), for the year ended December 31, 2017 posted gross premium of $424.46 million relative $127.35 million; this represents a 233% increase. While for the fourth quarter gross premium was $167.19 million relative to $67.93 million for 2016.
Date: February 16, 2018 QWEST Corporation Limited, for the nine months ended December 31, 2017, reported total revenue booked for the nine months ended December 31, 2017 amounted to $61.58 million, a decrease of 2% when compared with the $62.79 million booked last year. Revenue fell by 11% or $2.65 million for the third
Daily Market Summary 15.2.18 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
February 15, 2018 Lasco Financial Services Limited (LASF) has advised that a Director sold 301,131 LASF shares on February 8, 2018.
Date: April 3, 2018 Kindly see audited results for KEY Insurance Company below: KEY Insurance Company , for the year ended December 31, 2017, reported a 50% increase in net premiums written to $293.58 million from $195.21 million. For the year end, the company, reported a 44% increase in net premiums written to $930.30 million
February 15, 2018 138SL’s Income increased by 77% to $191.63 million relative to the $108.04 million recorded for the comparable period the prior year. The company noted that, “Revenue for the current quarter to December 31, 2017 was not at its optimum and was lower than expectations. Other Operating Income rose 3% to $7.27 million
February 13, 2018 Revenues for the nine months declined by 4% to $3.87 billion compared to $4.02 billion for the comparable period the prior year. The quarter added a 2% increase to close at $1.40 billion (2016: $1.36 billion). Direct Expenses has declined by 4% to $1.84 billion relative to $1.90 billion for the same
Date: February 13, 2018 Caribbean Producers Jamaica Limited (CPJ), for the six months ended December 31, 2017, in united states dollars (ecxept where it is indicated otherwise) reported revenues grew 17% from $46.04 million, to close the period at $53.91 million compared to the prior year. For the second quarter, the company posted an 18%
February 13, 2018 Carreras Limited (CAR), for the nine months ended December 31, 2017, reported Operating Revenue of $9.53 billion, 9% lower than the $10.48 billion booked in 2016. Revenue for the quarter contracted 16% to close at $3.47 billion versus $4.11 billion booked for the comparable quarter of 2016. According to CAR, “the Company
February 13, 2018 Revenue amounted to $214.26 million for the six month ended December 31, 2017, an increase of 1%, when compared with the $211.85 million booked for the corresponding period last year. CFF noted, “ the quarter was negatively impacted by severe and unusual weather conditions which have persisted for the last six months.”
Date: February 13, 2018 Medical Disposables & Supplies Limited, for the nine months ended December 31, 2017, reported revenue amounted to $1.49 billion, an increase of 18% when compared with the $1.26 billion booked last year. Revenue for the quarter totaled $521.10 million up 21% year over year (2016: $431.93 million). MDS stated that this
Daily Market Summary 13.2.18 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
February 13, 2018 Jamaica Teas (JAMT), for the 3 months ended December 2017, reported revenue for the first quarter ended December 2017 of $456.15 million, an increase of 22% compared to the $373.90 million booked for the corresponding period in 2016. According to the company, “Revenues from our manufacturing operations grew 40% in the period while
February 13, 2018 Bank of Jamaica today publishes the schedule of announcements of monetary policy decisions for 2018. This public commitment to a schedule for announcing monetary policy decisions is intended to improve the transparency of Bank of Jamaica’s monetary policy framework. Announcements will at minimum be in the form of a press release, which will indicate the decision
February 13, 2018 Caribbean Cement Company Limited (CCC) ,for the for the year ended December 31, 2017 reported total revenue for the year ended December 31, 2017 of $16.51 billion, a 5% or $732.3 million increase when compared with the $15.78 billion reported in 2016. Total revenue for the quarter amounted to $4.25 billion reflecting an
February 13, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 1,000,000 NCBFG shares on February 9, 2018.
Daily Market Summary 12.2.18 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
February 12, 2018 Sterling Investments Limited (SIL) has advised that at Board of Directors’ meeting scheduled for February 15, 2018 an interim dividend payment will be considered.
February 12, 2018 In 2017, there were 7 major work stoppages comprising 1,000 or more workers and lasting at least one shift, the U.S. Bureau of Labor Statistics reported. This represents the second lowest number of major work stoppages recorded in a year, with the lowest annual total being attributed to 2009 with 5. Additionally,
February 12, 2018 Kingston Properties Limited (KPREIT) has advised that a director purchased 47,062 KPREIT shares on February 7, 2018.
February 12,2018 Jamaica Public Service Company Limited (JPS) has advised that their Board of Directors by way of Round Robin Resolution on February 6, 2018, considered and approved that quarterly preference dividends be declared payable on April 1, 2018, to shareholders on record as at the close of business on March 15, 2018, on the
February 12 2018 Please click below to view today’s featured stock. Weekly Picks 12.02.18 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
February 09, 2018 Cargo Handlers Limited (CHL), for the three months ended December 31, 2017 revenues of $86.57 million, a marginal decline from the $86.99 million booked in 2016. The company noted, “increased cruise vessel arrivals this period positively impacted our operations through additional baggage handling activities that was however offset by a reduction in the
February 9, 2019 Daily Market Summary 09.2.18 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
Date: February 9, 2018 Lasco Manufacturing Limited (LASM), for the nine months ended December 31, 2017 reported total revenue decreased by 3% from $5.42 billion in 2016 to $5.28 billion in 2017. Revenue increased $316.65 million or 22% to a total of $1.78 billion in the third quarter, relative to the $1.46 billion recorded for
Daily Market Summary 08.2.18 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
Gas Price Movement February 8, 2018 Brent Oil Brent oil prices fell by 6.47% or US$4.47, as prices decreased this week. Oil traded on February 8, 2018 at a price of $64.66 per barrel relative to US$69.13 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week
February 8,2018 Sagicor Group Jamaica Limited (SJ) has advised that Mr. Donovan H. Perkins tendered his resignation from their Board of Directors with effect from February 2, 2018.
February 8, 2018 Carreras Limited (CAR) has advised that at a meeting of their Board of Directors held on February 7, 2018, the directors declared an interim dividend of $0.20 per stock unit, to be paid out of the accumulated profits on March 14, 2018, to stockholders as shown on the Register of Members as
February 8, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 36,562 NCBFG shares on February 2, 2018.
February 8, 2018 Scotia Group Jamaica Limited (SGJ) has advised that the Company’s Annual General Meeting will be held on Thursday, March 8, 2018 at 10:00 a.m. at The Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5.
Daily Market Summary 07.2.18 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
February 7, 2018 NCB Financial Group Limited (NCBFG) has advised that a senior officer purchased 5,000 NCBFG shares on February 2, 2018.
February 7, 2018 Radio Jamaica Limited (RJR) has advised of the appointment of a new Group Financial Controller, Mrs. Michelle Dunkley White, who commenced working with the Company on February 1, 2018. Mrs. Dunkley White replaced Ms. Marcha Christie, who demitted office on July 31, 2017. RJR further advised that Mrs. Dunkley White has joined their Senior Manager’s Group.
February 7, 2018 Job Openings The U.S. Bureau of Labor Statistics announced that the number of job openings was at 5.8 million on the last business day of December. The job openings fell 2.% in December 2017 when compared to November 2017. The number of job openings changed marginally for total private and for government.
February 7, 2018 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party has purchased 484,807 CPJ during the period January 5-16, 2018.
February 06, 2018 Mayberry Investments Limited (MIL) has advised the Jamaica Stock Exchange of the following: “Whereas Mayberry West Indies Limited (“MWIL”) is a wholly-owned subsidiary of Mayberry Investments Limited (“the Company”). And whereas at the last Annual General Meeting of the Company, stockholders authorized the Board to reorganize MWIL, so as to enhance shareholder
Daily Market Summary 06.2.18 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
February 6, 2018 AMG Packaging & Paper Company Limited (AMG) has advised that Mr. Christopher Hendricks, Plant Manager for the Toilet Paper and Hand Towel Division, is no longer employed with the Company effective February 1, 2018.
February 6, 2018 Dolphin Cove Limited (DCOVE) has advised that at a Board of Directors’ meeting scheduled for February 27, 2018, consideration will be given to the payment of an interim dividend.
February 6, 2018 US international trade deficit has expanded for the month of December of last year when compare to November 2017. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the U.S. goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November. Exports
Daily Market Summary 05.2.18 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
February 5, 2018 Barita Investment Limited (BIL) has advised that its Annual General Meeting will be held at the Courtleigh Hotel, 85 Knutsford Boulevard, Kingston 5, on Thursday, March 15, 2018 at 10:00 a.m.
February 5, 2018 Access Financial Services Limited (AFS) has advised that Mr. Peter McConnell has resigned from the Board of Directors effective January 31, 2018.
February 5, 2018 Access Financial Services Limited (AFS) has advised that Mr. James Morrison has been appointed as a Director effective February 1, 2018.
February 5, 2018 The index of the volume of retail trade, one of the many matrices used to check the impulse of consumer purchase, has declined in December 2017 compared with November 2017, as reported by Eurostat. The index measures the evolution of the turnover in retail trade. The statistical office of the European Union
February 5, 2018 Proven Investments Limited (Proven) has advised that a dividend payment of US$0.0018 per share was declared at Proven’s Board Meeting held on February 2, 2018. Ordinary shareholders who have requested payment in Jamaican dollars will receive the equivalent of JS$0.2248 per share. This dividend payment will be made to all ordinary shareholders
February 5, 2018 Please click below to view today’s featured stock. Weekly Picks 05.02.18 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
February 05, 2018 Please click below to view the notice by NCB Financial Group (NCBFG) NCB-Financial-Group-NCBFG-Release-Extends-Closing-Date-Take-Over-Bid-for-a-Majority-Stake-in-Guardian-Holdings-Limited 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
Daily Market Summary 02.2.18 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
February 2, 2018 Ciboney Group Limited (CBNY) has advised that a capital distribution of 34 cents ($0.34) per stock unit (less transfer tax) will be paid on March 9, 2018 to all shareholders on record as at the close of business on February 16, 2018. The ex-dividend date is February 15, 2018.
February 2, 2018 Caribbean Cement Company Limited (CCC) has advised that Dania Jocelyn Heredia Ramirez, Director, has been appointed to the membership of the Board Audit Committee effective January 31, 2018.
February 2, 2018 Sagicor Group Jamaica Limited (SJ) has advised that an officer purchased 107,569 SJ shares and that a connected party sold 107,569 SJ shares, on January 31, 2018.
February 2, 2018 Scotia Group Jamaica Limited (SGJ) has advised of the appointment of Mrs. Debra Lopez Spence as Vice President of Sales and Service at Scotia Life Insurance Company Limited, effective February 5, 2018.
February 2, 2018 U.S Bureau of Labor Statistics reported today (2nd February 2018) that employment numbers for nonfarm payroll increased by 200,000 in January. However, unemployment rate remains unchanged at 4.1%. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. Construction added 36,000 or 18% of the 200,000
February 2, 2018 NCB Financial Group Limited (NCBFG) has advised that effective February 1, 2018, Mr. Brian Boothe and Mr. Andrew Simpson have been confirmed as the Head of the Retail Banking Division and Head of the Corporate Banking Division of National Commercial Bank Jamaica Limited, respectively. Both officers had been acting in their respective roles
February 2, 2018 NCB Financial Group Limited (NCBFG) has advised that a senior officer purchased 30,000 NCBFG shares on January 31, 2018.
Daily Market Summary 01.2.18 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
February 1, 2018 Scotia Group Jamaica Limited (SGJ) has advised that a Director purchased 11,000 SGJ shares on January 26, 2018.
February 1, 2018 The U.S Bureau of Labor Statistics reported that nonfarm business sector labor productivity ( or output per hour) decreased 0.1% for the fourth quarter of 2017; this as the number of hours worked and the level of output increased 3.3% and 3.2% respectively. Productivity was up 1.1% for the 12-month ending fourth
Daily Market Summary 31.1.18 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
January 31, 2018 Honey Bun (1982) Limited (HONBUN) has advised that its Annual General Meeting has been scheduled for 10:00 a.m. on February 28, 2018 at the Knutsford Court Hotel, 16 Chelsea Avenue, Kingston 5.
January 31, 2018 Kingston Properties Limited (KPREIT) has advised that a Director purchased 10,440 KPREIT shares during the period January 15 to 18, 2018.
January 31, 2018 Eppley Limited (EPLY) has advised that their Board of Directors will meet on Tuesday, February 13, 2018, to consider the payment of an interim dividend to stockholders.
January 31, 2018 Sagicor Group Jamaica Limited (SJ) has advised that a connected party sold 240,559 SJ shares on January 19, 2018
January 31, 2018 Civilian Workers The U.S. Bureau of labour Statistics reported that compensation cost for civilian workers increased 0.6% for the 3-month period ending in December 2017. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5%, and benefits (which make up the remaining 30 percent of compensation) increased
Daily Market Summary 30.1.18 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
January 30, 2018 The Annual General Meeting for 138 Student Living Jamaica Ltd was held today, 30 January 2018. The meeting started with the Chairman, John W. Lee, giving a brief review of the company’s performance for the year ended 30 September 2017. Some of the points reiterated from the end of year financial statement
January 30, 2018 According to the Eurostat, the statistical office of the European Union, the seasonally adjusted GDP increased 0.6% in the euro area (EA19) and in the EU28 during the fourth quarter of 2017. GDP for the whole year grew 2.5% in both zones. Gross Domestic Product advanced 2.7% and 2.6% respectively for the
Kingston Wharves Limited (KW) has advised that effective January 26, 2018 the registered office of the Company has changed to 195 Second Street, Newport West, Kingston 13.
Daily Market Summary 29.1.18 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
January 29,2018 Jamaica Broilers Group Limited (JBG) has advised that a Director sold 750,000 JBG shares on January 18, 2018
January 29,2018 NCB Financial Group Limited (NCBFG) has advised that their Board of Directors on Thursday, January 25, 2018, declared an interim dividend of Seventy Cents ($0.70) per ordinary stock unit payable on Monday, February 26, 2018, for stockholders on record as at Friday, February 9, 2018. The ex-dividend date is February 8, 2018.
January 29, 2018 Ciboney Group Limited (CBNY) has advised that the scheduled Directors’ Meeting to consider a capital distribution to stockholders has been brought forward to February 1, 2018, from February 6, 2018.
January 29, 2018 Honey Bun (1982) Limited (HONBUN) has advised that Mr. Wayne Wray has been appointed an independent, non-executive director on HONBUN’s Board of Directors and will also serve as a Mentor, effective January 23, 2018.
January 29, 2018 Please click below to view today’s featured stock. Weekly Picks 29.01.18 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
January 29, 2017 Effective 7 February 2018, Bank of Jamaica will reduce the amount that authorised dealers (ADs) and cambios are required to sell to the central bank from their daily purchases of foreign exchange(FX). For both ADs and cambios, the amount required to be sold to the central bank will be reduced by 5.0
January 26,2018 Lasco Manufacturing Limited (LASM) has advised that Mr. Colin Maxwell has been appointed to the Board of Directors effective January 26, 2018.
January 26,2018 Lasco Distributors Limited (LASD) has advised that Mr. Colin Maxwell has been appointed to the Board of Directors effective January 26, 2018.
January 26,2018 AMG Packaging & Paper Limited (AMG) has advised that Mr. Bevon Francis has been appointed to the Board of Directors effective January 9, 2018.
January 26,2018 Access Financial Services Limited (AFS) has declared an interim dividend of $0.17 per share payable on February 27, 2018 to shareholders on record as at February 12, 2018. The ex-dividend date is February 9, 2018.
January 26,2018 Supreme Ventures Limited (SVL) has advised that at a Board of Directors’ meeting scheduled for Thursday, February 22, 2018 an interim dividend payment will be considered.
January 26, 2018 According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) has increased at an annual rate of 2.6% in the fourth quarter of 2017, a reduction from the previous third quarter of 3.2% in 2017. Components that positively contributed to this 2.6% growth rate are personal consumption expenditure (PCE),
January 26, 2018 National Commercial Bank of Jamaica Limited (NCBJ), for the quarter ended December 31, 2017 reported an increase in Net Interest Income of 4.80%, relative to the corresponding period in 2016, to total $7.55 billion (2016: $7.20 billion). Interest income rose 10.31% year over year to $11.27 billion compared to $10.22 billion in 2016,
January 25, 2018 Jamaica Broilers Group Limited (JBG) has advised that a director sold 750,000 JBG shares on January 18, 2018.
January 25, 2018 The statistical office of Europe (Eurostat) on 25 Jan 2018 has reported that eleven member state has already achieved their 20/20 target, regarding the portion of their energy consumption that derives from renewables. For 2016, the portion of energy consumption that was sourced from renewable alternative reached 17% of gross final consumption
Date: January 25, 2018 Please click below to view December 2017's USA Monthly Economic Review. USA Economic Review - December 2017 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
January 25, 2018 JMMB Group Limited (JMMBGL) has advised that the Company intends to make an offer in February 2018, of Cumulative Redeemable Preference Shares. The offer for those preference shares will solely be made in Jamaica, and the distribution of the Prospectus shall only take place in Jamaica.
Date: January 25, 2018 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2017 recorded trading income of $1.09 billion; this represented a growth of 37% when compared to $794.46 million posted in 2016, while trading income for the quarter amounted to $407.48 million (2016: $288.25 million). according to LASF, “This is
Date: January 25, 2018 Please click below to view the notice of extension of the closing date to the minority shareholders of Cable & Wireless Jamaica Limited. Notice-of-Extension
Daily Market Summary 24.1.18 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
Daily Market Summary 23.1.18 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
January 24, 2018 JMMB Group Limited (JMMBGL) has advised that the Company intends to make an offer in February 2018, of Cumulative Redeemable Preference Shares. The offer for those preference shares will solely be made in Jamaica and the distribution of the Prospectus shall only take place in Jamaica.
January 24,2018 Carreras Limited (CAR) has advised of the appointment of Mr. Rohan Campbell as CAR’s Marketing Deployment Manager, effective January 1, 2018
January 23,2018 Unemployment rates were lower in December in 6 states, higher in 1 state, and stable in 43 states, the U.S. Bureau of Labor Statistics reported today. The national unemployment rate was unchanged from November at 4.1 percent but was 0.6 percentage point lower than in December 2016. Nonfarm payroll remained stable across majority
January 23, 2018 Please click below for further detail. NCB Financial Group – Resignation of Director
January 22, 2018 The median weekly earnings of the nation's 114.2 million full-time wage and salary workers were down to $854 in the fourth quarter 2017 from the previous quarter, the U.S. Bureau of Labor Statistics reported. This was 0.9% higher than a year earlier, compared with a gain of 2.1% in the Consumer Price
January 22,2018 Sterling Investment Limited (SIL) SIL has advised that a Director purchased 15,384 SIL shares on January 12, 2018 under the company’s Complementary Share Purchase Programme.
January 22,2018 Sagicor Group Jamaica Limited (SJ) has advised that a Director sold 240,559 SJ shares on January 19, 2018
January 22, 2018 Please click below to view today’s Featured Stock. Weekly Picks 22.01.18 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
January 19, 2018 From December 2016 to December 2017, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.1%. This is a similar rise when compare to 2015 December to 2016 December. The food index increased 1.6% 2016-2017 after declining by 0.2% the previous year. The index for food at home followed a similar
Gas Price Movement January 18, 2018 Brent Oil Brent oil prices decreased by -0.04% or US$0.03, as prices fell this week. Brent Oil traded on January 18, 2017 at a price of $69.23 per barrel relative to US$69.26 last week. Brent oil began the year at US$63.11 per barrel. Petrojam prices 87 Octane prices
January 18, 2018 Pan Jam Investment Limited (PJAM) has advised that a Director purchased a total of 11,141 PJAM shares on December 28, 2017
January 18,2018 Express Catering Limited (ECL) has advised that a director sold 150,000 ECL shares on January 16, 201
January 18, 2018 For the third quarter of 2017 compared with third quarter of 2016, the house price index increase by 4.1% in the euro area and by 4.6% in the broader European Union(EU), as reported by Eurostat, the statistical office of the European Union. When compared with the second quarter of 2017, house price
January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
Daily Market Summary 17.1.18 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
January 17,2018 NCB Financial Group – Notice of Extension of Closing Date for Guardian Holdings Limited Transaction Please click link below for more information. NCBGF-Extension-of-Closing-Date
January 17,2018 Activities within the construction sector for the Euro area (EA19) and EU28 increased for November 2017 when compared with October 2017. The latest data by Eurostat, the statistical office of the Eurozone, reflected a marginal uptick in production in construction for the euro area (0.5%) and EU28 (0.6%) respectively for November 2017, when
Supreme Ventures Limited (SVL) has advised of the appointment of the following persons as directors to the Board of Supreme Ventures Racing & Entertainment Limited (SVREL), a wholly-owned subsidiary of SVL, effective January 12, 2018: Graham Brown (Dr.) Richard Azan Dennis Chung SVL further advised that in addition to the abovementioned directors, the following persons
January 17,2018 Business Confidence Index Business Expectation is at its second highest level since the start of the study in 2001. The Jamaica Chamber of Commerce(JCC) index for Business Confidence in the fourth quarter of 2017 rose to a high of 142.6 from 135.2 recorded in the third quarter of 2017. The Business Confidence index
Asia: China luxury sales rebound as millennials snap up cosmetics, handbags: report Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain & Co. That could provide
Daily Market Summary 16.1.18 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
January 16, 2018. The inflation rate for the month December 2017 inched up to 0.6%, following an upward movement of 0.6% in November 2017, bringing the 2017 calendar year inflation rate to 5.2% according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 247.3 in November 2017 to
January 16,2018 Eppley Limited (EPLY) has announced an agreement pursuant to which Eppley Fund Managers, a wholly owned subsidiary of EPLY, will assume all investment management and advisory responsibilities for Fortress Caribbean Property Fund Limited SCC (‘the Fund’). Under the agreement , Eppley Fund Managers Limited will acquire the unlisted common shares of the Fund
January 16, 2018 Supreme Ventures Ltd (SVL) has advised of the appointment of the following persons as Directors to the Board of Supreme Ventures Racing & Entertainment Limited (SVREL), a wholly owned subsidiary of Supreme Ventures Limited, effective January 12, 2018:Dr. Graham Brown,Richard Azan and Dennis Chung
January 16, 2018 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported recently. Over the last 12 months, the all items index rose 2.1% before seasonal adjustment. An increase of 0.4% in the shelter index was responsible for approximately
Date: January 16, 2018 Eppley enters agreement with Fortress Fund Managers and Altman Real Estate Fortress Fund Managers Limited (‘Fortress’), Alleyne, Aguilar & Altman Limited (‘Altman Real Estate’) and Eppley Fund Managers Limited (‘Eppley’) are pleased to announce an agreement pursuant to which Eppley will assume all investment management and advisory responsibilities for Fortress Caribbean
Asia: Xi Jinping’s Debt Clampdown Has Left a Trail of Dead Projects A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt
Date: January 15, 2018 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2017, reported a decrease in revenues by 20% to US$2.25 million ( 2016: US$2.82 million). For the second quarter, MTL booked a 68% decline in revenue to US$390,044 compared to US$1.20 million for the comparable period in 2016. MTL noted,
Daily Market Summary 15.1.18 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
Date: January 15, 2018 Ciboney Group Limited (CBNY), for the quarter ended November 30, 2017, reported an 87% decline in financial income to total $14,000 from $105,000 in November 30, 2016. An exchange loss of $103,000 was realized relative to $159,000 gain for the corresponding period in 2016. Other operating expense for the period amounted to $2.46
Date: January 15,2018 Household saving rate which is a necessary source of funds for both the Government and the private sector has remain stable in the Euro area for the third quarter of 2017, as reported by the statistical office of European Union, Eurostat. This fact coincides with a reduction in business investment within the
Date: January 15, 2018 Asia.: China absence looms over Canada meeting on how to pressure North Korea Foreign ministers from around 20 nations gather on Tuesday to discuss how to curb North Korea’s nuclear ambitions through diplomatic and financial pressure, but China, seen as a key player in any long-term solution, will be absent. The
Date: January 15, 2018 Caribbean Cream Ltd. (KREMI) for nine months ended November 30, 2017, reported a 12% increase in revenue during the period totalling $992.24 million compared to $885.63 million in the corresponding period last year. Revenue for the third quarter rose 18% to close at $318.98 million compared to $270.73 million for the
Date: January 15, 2018 Please click below to view today’s Featured Stock. Weekly Picks 15.01.18 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
Daily Market Summary 12.1.18 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
Date: January 12, 2018 Paramount Trading (Jamaica) Limited (PTL), for the quarter ended November 30, 2017 recorded a 27% increase in total revenues to $687.18 million from $539.13 million reported in 2016. PTL indicated, “our lubricants business line produced strong sales performance during this quarter when compared to last year growing by $28.9 million on
Date: January 12, 2018 Supreme Ventures Limited (SVL) has advised that a connected party purchased a total of 34,222 SVL shares on January 4, 2017.
Date: January 12, 2018 Caribbean Producers Jamaica Limited (CPJ) has advised that a connected party purchased 75,000 CPJ shares on January 8, 2018.
Date: January 12, 2018 AMG Packaging & Paper Company Limited has advised that the Board of Directors of the Company having met on January 9, 2018 approved a resolution not to declare a dividend.
Date: January 12, 2018 GraceKennedy Limited (GK) – Acquisition of Shares in Gray’s Pepper Products GraceKennedy Limited (GK) has advised that GK Investments Limited, a subsidiary of GraceKennedy has acquired a 33 1/3% stake in Gray’s Pepper Products Limited, one of Jamaica’s largest processors of seasonings and sauces. GK further advised that GK Investments’ acquisition
Date: January 12, 2018 With all the benefits (such as lower transaction cost and high confidentiality) that are said to derive from cryptocurrencies, skepticism remains high among some investors about the future of this modern means of transfer. The high cost of energy needed to power these highly specialized computers, which are used to mine
Asia.: China Rethink on Treasuries Is Echo of Premier's 2009 Worry China’s showing once again that it’s not afraid to wield the clout of its hoard of Treasuries to catch the attention of U.S. officials and the world’s biggest debt market. But as in a previous episode in 2009, such warnings may prove hollow. Senior
Proven Investments Limited (ProvenJA) has advised of entering into an agreement to acquire 100% of the common shares of a licensed securities dealer with offices in Cayman and throughout the Caribbean. ProvenJA also advised that the offer is subject to regulatory approval within the various jurisdictions.
Daily Market Summary 11.1.18 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
Express Catering Limited (ECL) for the six months ended November 30, 2017 reported a 14% increase in revenue to US$6.88 million (2016: US$6.02 million). Revenue for the quarter advanced 20% to close at $2.26 million relative to $1.89 million reported the previous year. Cost of sales (COS) increased by 22% for the period to US$1.85
The Eurostat- the statistical office of the Eurozone reported an unemployment rate for November 2017 for the Euro area (EA19) of 8.7%. This represent a slight decrease from the preceding October 2017 unemployment rate of 8.8%, and a 1.1% fall from the corresponding period of November 2016, when unemployment rate was a high of 9.8%.
Asia.: China Rethink on Treasuries Is Echo of Premier's 2009 Worry China’s showing once again that it’s not afraid to wield the clout of its hoard of Treasuries to catch the attention of U.S. officials and the world’s biggest debt market. But as in a previous episode in 2009, such warnings may prove hollow. Senior
The statistical office of the European Union has estimated a decrease in annual inflation for the region for December 2017. A recent release by Eurostat states that the statistical office is expecting inflation to fall from 1.5% in November to 1.4% in December. A further break down of the components of inflation reveals that energy
Jamaica’s Net International Reserves (NIR) totaled US$3,208.29 million as at December 2017, reflecting an increase of US$92.07 million relative to the US$3,116.22 million reported as at the end of November 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$95.57 million to total US$3,781.17 million compared to the US$3,685.59
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, advised that the goods and services deficit for November 2017 was $50.5 billion compared to $48.9 billion, up $1.6 billion. November exports increased 4.4 billion to totaled $200.2 billion, while imports totaled $250.7 billion, $6.0 billion above October 2017
For the period of April 2017 to November 2017, the GOJ reported Total Revenues & Grants of $336.59 billion, $13.04 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 10.7% relative to the $304.10 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ’Capital Revenue’ and ‘Grants’
Please click below to view today’s Featured Stock. Weekly Picks 08.01.18 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
Whereas Mayberry West Indies Limited (“MWIL”) is a wholly-owned subsidiary of Mayberry Investments Limited (“the Company”). And whereas at the last Annual General Meeting of the Company, stockholders authorized the Board to re-organize MWIL, so as to enhance shareholder value and in that respect to carry out such transaction or series of transactions as the
Six months Results as at September 30, 2017:- C2W recorded revenue within the third quarter of US$2,711 relative to US$10,000 in 2016. For the nine months the company booked revenue of US$5,587 a 64% decline compared to US$15,356 reported for the corresponding period in 2016. C2W spent US$28,396 on total expenses compared to US$27,673 last
Main Event Entertainment Group Limited (MEEG) for the year ended October 31, 2017 recorded a total of $1.18 Billion in revenue compared to $1.13 Billion booked for the period ended October 31, 2017. Revenue for the quarter slid 16% to close the quarter at $233.65 million relative to $276.73 million booked for the corresponding period in
For the third quarter ended September 30, 2017, Jamaica’s economy recorded a 0.8% growth when compared to last year. Based on information released by the Statistical Institute of Jamaica (STATIN), the total value added at constant prices for the Jamaican economy was $186,004 million. The movement was attributed to improved performances in the Services industries
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Barita Investments Limited (BIL) for the year ended September 30, 2017 booked a 10% decline in interest income fell by 10% during the twelve-month period, amounting to $1.13 billion relative to $1.26 billion for the comparable period in 2016. Interest expense also declined during the year by 6% to close at $847.44 million compared to
Personal income rose $54.0 billion (0.3%) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $50.9 billion (0.4%) and personal consumption expenditures (PCE) increased $87.1 billion (0.6). Real DPI increased 0.1 percent in November and Real PCE increased 0.4%. The PCE price index increased 0.2%. Excluding
the Producer Price Index for the Mining and Quarrying industry posted a growth of 2% for October 2017. The movement was as a result of the major group ‘Bauxite Mining Alumina Processing’ which experience a similar growth of 2% in its index according to the Statistical Institute of Jamaica (STATIN). STATIN also noted, “this was
The U.S. current account deficit at the end of the third quarter of 2017 declined to $100.6 billion from $124.4 billion in the second quarter of 2017, according to information released by the Bureau of Economic Analysis (BEA). The improvement from the third quarter reflects a decrease in the deficits on secondary income and goods
Consumer Price Index- November 2017 The inflation rate for the month November 2017 inched up to 0.6%, following an upward movement of 0.4% in October 2017 according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 245.8 in October 2017 to 247.3 for November 2017. The division which
Please click below to view today’s Featured Stock. Weekly Picks 18.12.17 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
Euro Area Based on the first estimate from Eurostat for the euro area (EA19) exports of goods to the rest of the world in October 2017 amounted to €187.9 billion, up 8.8% versus €172.6 billion for October 2016. Imports from the rest of the world stood at €168.9 billion, an increase of 10.1% relative to
The European Central Bank kept its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. The ECB also expects the rates to remain at current levels for some time past the horizon of the net asset purchases.
Federal Reserve officials followed through on an expected interest-rate increase today citing continued strengthening in the labour market and rising economic activity. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported, in addition over the last 12 months, the all items index rose 2.2%. The energy index climbed 3.9% and accounted for approximately three-fourths of the all items increase. The gasoline
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Scotia Group Jamaica Limited (SGJ) for the year ended October 31, 2017 booked an improvement in net interest income which totalled $26.64 billion, moving from $25.38 billion in the corresponding period in 2016, while interest expenses declined by 12% to total $4.32 billion (2016: $4.90 billion). Interest income for the period increased marginally from $30.27 billion in
Gross domestic product improved 0.6% in both the euro area (EU19) and the EU28 for the third quarter of 2017 according to an estimated released by Eurostat, the statistical office of the European Union. the growth follows a 0.7% increase recorded for the second quarter of 2017 in both areas. The growth within the
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, advised that the goods and services deficit for October 2017 was $48.7 billion compared to $44.9 billion, up $3.8 billion. Exports for October were $0.1 billion from September to $195.9 billion, while imports were valued at $244.6 billion, up
Seasonally adjusted retail trade volume declined 1.1% in the euro area (EA19) and 0.5% in the EU28 for October 2017. This decline follows a 0.8% and 0.2% increase in the euro area (EA19) and EU28 recorded in September 2017 according to estimates from Eurostat, the statistical office of the European Union. The main drivers behind
Industrial producer prices in October 2017 rose 0.4% in the euro area relative to September 2017. The movement was due to a 1.3% climb in the energy sector and a 0.3% growth for intermediate goods. Prices for capital and durable consumer good remained stable, while non-durable goods recorded a 0.2% decline. In the EU28, a
Please click below to view today’s Featured Stock. Weekly Picks 04.12.17 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
During the period January to September 2017 the trade deficit worsened to US$3,205.3 million, increasing by US$561.4 million or 21.2% relative to US$2,643.9 million for the corresponding period in 2016 based on data released by the Statistical Institute of Jamaica (STATIN). STATIN highlighted, “Expenditure on imports from the United States of America (Jamaica’s main trading
The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
International expert on corporate governance, Oliver Orton, will be the guest speaker for the 2017 finale of the Mayberry Investments Limited’s invitation-only monthly Investor Forum, scheduled for this Wednesday at The Jamaica Pegasus Hotel in New Kingston. See link below. Corporate Governance Expert For Mayberry Investor Forum In addition to the Mayberry Forum, Orton will
Please click below to view Jamaica's Monthly Economic Summary - October 2017. Monthly Economic Review - October 2017 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
Blue Power Group Limited (BPOW) for the six months ended October 31, 2017 booked a 12% increase in revenue to total $761.19 million compared to $667.67 million for the same period in 2016. Sales from the Lumber division climbed to $544.35 million, 16% higher than $468.68 million, while sales in the Soap division increased by
The Bank of Jamaica (BOJ) announced yesterday that the rate offered on overnight placements with the Bank will be reduced by 25 basis points to 3.25%. The Bank noted that the new rate will take effect on November 23, 2017. This reduction according to the Bank, “reflects its assessment that the inflation outlook for FY2017/18
The European Union (EU) economic accounts showed a 2.8% decline in agricultural output to €405.0 billion at basic prices in 2016, compared to 2015. According to Eurostat, “In 2016, the equivalent of 59% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the
The International Monetary Fund (IMF) recently concluded its visit to Jamaica and reiterated its commitment to supporting both Jamaica and the region in their efforts to achieve “inclusive and resilient growth”. The visit was conducted by a team led by Christine Lagarde, Managing Director of the International Monetary Fund (IMF). During the The Managing Director
The inflation rate for the month October 2017 was 0.4%, following an upward movement of 0.7% in September 2017. The movement was attributed mainly to the ‘Housing, Water, Electricity, Gas and Other Fuels’ division which recorded an increase of 1.7%. According to the Statistical Institute of Jamaica (STATIN), the movement was traced to a 2.2%
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Access Financial Services Limited (AFS) for the six months ended September 30, 2017 reported $658.40 million (2016: $622.19 million) in total interest income. Of this Interest Income from Loans amounted to $651.88 million (2016: $618.73 million) while Interest Income from Securities totaled $6.52 million (2016: $3.47 million). Interest Expense charged for the period totaled $57.06
PANJAM Investment Limited (PJAM) for nine months ended September 30, 2017 reported a 22% increase in total income from $1.30 billion relative to $1.59 billion booked for the prior year’s corresponding period. For the quarter total income increased 57% to $643.48 million (2016: $409.90 million). According to PJAM, “the year to date growth was due mainly
Sterling Investments Limited (SIL) for the Nine Months Ended September 30, 2017 reported a 17% decrease in total revenue to $93.24 million compared to $112.50 million in 2015. Total revenue for the quarter increased 7% to close at $31.14 million compared to $28.99 million for the corresponding quarter of 2016. Of total revenue: Interest income
The Palace Amusement Company (1921) Limited (PAL) for the three months ended September 30, 2017 booked an 12% improvement in revenue to $259.96 million (2016: $231.84 million), while Direct Expenses increased by 9% to $204.66 million (2016: $187.09 million). As a result, Gross Profit increased by 24% to $55.30 million (2016: $44.75 million) Other Operating
JMMB Group Limited - (JMMBGL) for the six months ended September 30, 2017 booked Net interest income of $3.76 billion compared to $3.26 billion in 2016, an increase of 15%. This as interest income grew by 8% to close at $7.83 billion, from the $7.26 billion booked in 2016, while interest expenses increased by 2%
Eppley Limited (EPLY) for the nine months ended September 30, 2017 recorded a 29% increase in interest income to $190.96 million, from $148.29 million booked in the previous year. While for the third quarter interest income amounted to $66.73 million relative to $55.85 million in 2016. Interest Expenses amounted to $116.54 million, up 37% from
Kingston Wharves Limited (KW) for the nine months ended September 30, 2017 recorded revenue of $4.52 billion, a 17% increase when compared to $3.85 billion for the same period last year, while revenue for the third quarter grew 14% to $1.58 billion (2016: $1.38 billion). This as both the company’s ‘Terminal Operations’ and ‘Logistics &
Cargo Handlers Limited (CHL) for the year ended September 30, 2017 reported revenues of $320.83 million, 4% higher than the $307.77 million booked in 2016. However, revenue for the quarter contracted 11% to $65.39 million relative to $73.40 million documented for the corresponding quarter of 2016. The company noted, “this result was due to a combination
Lasco Financial Services Limited (LASF) For the six months ended September 30, 2017: - LASF recorded trading income of $681.28 million; this represented a growth of 35% when compared to $506.21 million posted in 2016, while trading income for the quarter amounted to $378.6 million (2016: $268.73 million). Other income amounted to $33.93 million, an
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Supreme Ventures Limited (SVL) for the nine months ended September 30, 2017 reported a 25% in revenues from $41.24 billion for the 2017 period, up from $33.06 billion in 2016. While for the third quarter revenues totaled $13.87 million relative to $10.90 million in 2016. Revenues from the company’s segments were as follows: Lottery -
At NCBF’s fourth investor briefing for the 2017 financial year, NCB Group Finance and Deputy Managing Director, Dennis Cohen gave a brief review of the Group’s record performance in 2017 and non-financial highlights. NCBFG for the 2017FY produced record profits for both the Group and for a listed company on the Jamaica Stock Exchange (JSE).
NCB Financial Group Limited (NCBFG) for year ended September 31, 2017, recorded a 6% increase in Net Interest Income relative to the corresponding period in 2016, to total $29.76 billion (2016: $28.12 billion). For the quarter Net Interest Income also improved 6% to close at $7.57 billion (2016: $7.13 billion). Interest Income for the year
Sagicor Real Estate X Fund Limited (XFUND) for the nine months ended September 30, 2017, Total Revenue grew 20% to $9.97 billion (2016: $8.30 billion). According to the company the increase in revenue for the period was due to “improved occupancy and room rates over 2016”. For the quarter the company’s total revenue however increased 54% to
Jamaica’s Net International Reserves totaled US$3,084.98 million as at October 2017, reflecting a decrease of US$52.16 million relative to the US$3,137.14 million reported as at the end of September 2017 (see figure 1). Changes in the NIR resulted from a 1% or US$55.68 decline in Foreign Assets to total US$3,659.26 million compared to US$3,714.94 million
Sweet River Abattoir & Supplies Company Limited (SRA) for the six months ended September 30, 2017: recorded a 7% decline in revenue to $165.45 million relative to $178.23 million in the same period in 2016. Revenue for the quarter declined 31% to close at $73.70 million relative to $107.23 million. SRA indicated, “this decrease was
Sagicor Group Jamaica Limited (SJ) for the nine months ended September 30, 2017 reported an 18% increase total revenues to $53.53 billion from $45.33 billion in 2016, while for the third quarter Total Revenues were up 42% to total $23.18 billion compared to $16.32 billion in 2016.Total revenue was broken down as follows; Net premium
AMG Packaging and Paper Company Limited (AMG) for the year ended August 2017 recorded turnover in the amount of $660.25 million (2016: $628.67 million), an increase of 5% when compared to 2016, while for the quarter turnover was up 5% to close at $173.23 million (2016: $165.36 million). Management noted, “it was another challenging year
Lasco Manufacturing Limited (LASM) for the six months ended September 30, 2017 recorded a decrease in total revenue of $456.73 million or 12% to total $3.50 billion, relative to the $3.95 billion recorded for the comparable period in 2016. Revenue for the quarter amounted to $1.99 billion, approximately 11% below the $2.22 billion documented for
Please click below to view today’s Featured Stock. Weekly Picks 06.10.17 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
The economy continues to add to the number of persons in the labour force. Based on a report released by the Jamaica Statistical Institute of Jamaica (STATIN), as at July 2017, the labour force comprised of 1,371,200 persons compared to 1,363,200 persons recorded in July 2016. The number of males in the labour force increased
Please click below for Mayberry Investments Limited's third quarter 2017 results. Mayberry Investments Limited - 3rd Quarter 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 taking any action in reliance on
During the period January to August 2017 the trade deficit worsened to US$2,784.2 million, increasing by US$478.8 million or 20.8% relative to US$2,305.4 million for the corresponding period in 2016 based on data release d by the Statistical Institute of Jamaica (STATIN). Imports The total spend on imported goods amounted to US$3,668.1 million, an
Real gross domestic product (GDP) rose at an annual rate of 3% for the quarter ended September 31, 2017 according to the Bureau of Economic Analysis. GDP had increased 3.1% for the second quarter (see graph below). The growth recorded in the third quarter resulted from improved contributions from persona consumptions expenditures (PCE), private
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Express Catering Limited (ECL) For the three months ended August 31, 2017 Revenues increased by 10% for the period to US$3.81 million (Q1 2016: US$3.47 million). The company commented that “Revenues have increased at an average of 3% annually for the last 2 fiscal years, so this is a much-improved performance”. Cost of sales (COS)
We are deeply saddened by the sudden passing of our Director and friend, Mr. Sushil Jain. Sushil was the consummate professional, an astute businessman and a great advisor. He possessed a wealth of knowledge and experience in business and financial management. Sushil was an integral member of our team at Mayberry Investments, where he served
Caribbean Cream Ltd. (KREMI) for six months ended August 31, 2017 reported a 9% increase in revenue totaling $673.26 million compared to $614.90 million in the corresponding period last year. Revenue for the second quarter rose 18% to close at $354.17 million compared to $299.64 million for the comparable quarter of 2016. Costs of Sales
The Bureau of Labor Statistics released its August 2017 summary of job openings and labor turnover earlier today. As at August 31st, there were 6.1 million job openings. According to the Bureau of Labor Statistics, the job openings rate was 4% in August, while the number of job openings was little changed for total private
On October 09, 2017, Jamaica Broilers Group Limited (JBG) advised the public of its acquisition of a second hatchery in the United States. The hatchery acquired was previously operating as Bell & Evans Hatchery in Big Valley, Pennsylvania. The Group has indicated the new facility will be renamed International Poultry Breeders Hatcheries Inc. the acquisition
Jamaica’s Net International Reserves totaled US$3,137.14 million as at September 2017, reflecting a decrease of US$532.23 million relative to the US$3,669.37 million reported as at the end of August 2017 (see figure 1). Changes in the NIR resulted from a 13% or US$532.27 decline in Foreign Assets to total US$3,714.94 million compared to US$4,247.21 million
Please click below to view today’s Featured Stock. Weekly Picks 09.10.17 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
The Bureau of Labor Statistics released its Employment Situation Summary earlier today which highlighted the unemployment rate fell to 4.2% for September. Total nonfarm payroll employment reflected a decline of 33,000. The passing of Hurricanes Irma and Harvey resulted in a sharp decline in employment in food services and drinking places and “below-trend growth in
During the period January to July 2017 the trade deficit worsened to US$2,376.7 million, increasing by US$383.2 million or 19.2% relative to US$1,993.5 million for the corresponding period in 2016 based on data released by the Statistical Institute of Jamaica (STATIN). Imports The total spend on imported goods amounted to US$3,156.0 million, an increase
Caribbean Cream Limited (KREMI) held their fourth Annual General Meeting (AGM) today, highlighting the company’s successful year. Chairman, Mrs. Carol Clarke Webster opened the meeting stating, “we are proud to have completed another successful year. At the end of the financial year our share price increased to $7.48, up by 76%. Our net profit increased
Based on estimates from Eurostat, the statistical office of the European Union, industrial prices rose 0.3% in the euro area (EA19) and 0.4% in the EU28. Prices remained stable in July for the euro area while an increase of 0.1% was observed in the EU28. The increase of 0.3% in the euro area was attributed
The Jamaican economy recorded a 0.1% contraction for the second quarter of 2017 compared to the corresponding quarter of 2016 as indicated by the Statistical Institute of Jamaica (STATIN). The decline was attributed to a 3.3% decrease in the Goods Producing industries as the Agriculture, Forestry and Fishing and Mining and Quarrying industries declined. In
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LASCO Manufacturing Limited (LASM) held its Annual General Meeting held today at the Knutsford Court Hotel. Subsequent to the opening remarks by the Executive Chairman, Honourable Lascelles A. Chin and the reading of the auditor’s report, Managing Director, James Rawle made his presentation to shareholders. In his review of the company’s performance last year, the
The Bureau of Labor Statistics released its unemployment summary for the Metropolitan area today. The report highlighted unemployment rates were lower in August than a year earlier in 323 of the 388 metropolitan areas, higher in 55 areas, and unchanged in 10 areas. According to the Bureau, “Thirty-two areas had jobless rates of less than
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between July 17th and August 04th 2017. July’s survey indicated the expected inflation rate for 2017 is 1.8% for the calendar year, lower than the previous survey outturn (see Figure 1). Notably, the expected rate of 1.8% for 2017
Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research
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Based on activity observed in July 2017 relative to June 2017, seasonally adjusted production in the construction sector expanded 0.2% and 0.3% in the EU28. According to Eurostat, the statistical office of the European Union, “In July 2017 compared with July 2016, production in construction increased by 3.4% in the euro area and by 3.6%
On July 24, 2017, Ansa Coating International Limited (ACI) purchased 100 per cent of shareholdings in Lewis Berger (Overseas Holdings) Limited (“LBOH Acquisition”). As a result of this acquisition, Ansa indirectly holds 109,332,222 ordinary shares in Berger Paints Jamaica Limited (BRG), which represents 51.01 per cent of the shares in issue. As the majority shareholder,
Since the Federal Open Market Committee met in July, information received indicated that the labor market continued to strengthen and economic activity expanded moderately so far this year. Job gains have performed relatively strong in recent months, while the unemployment rate has remained low. Household spending according to the Federal Reserve has expanded at a
Derrimon Trading Limited (DTL) Annual General Meeting held September 20, 2017 ,began with Director and CEO Mr. Derrick Cotterell welcoming the audience, shareholders and visitors. He then proceeded to read his report to the audience. Following this, Mr. Cotterell then gave a brief presentation on the company’s current happenings and overview of the company. According
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The International Monetary Fund (IMF) recently concluded its visit to Jamaica and announced, “all quantitative performance criteria and structural benchmarks as at June 2017 were met.” The IMF noted, “the Jamaican economy is rebounding, despite weather swings” and the passing of the pension bill and public sector wage negotiations are crucial for “budgetary certainty and
Shareholders were greeted by the Chairman of AFS, Mr. Rex James, who introduced the company’s Board of Directors. Mr. James praised his management team and staff and thanked shareholders for their support in 2016 as the company enjoyed a successful year and noted this, “reflects a steadfast commitment to the execution of strategies focused on
Scotia Group Jamaica Limited (SGJ) for the nine months ended July 31, 2017 reported an improvement in net interest income to $19.93 billion, moving from $18.78 billion for the corresponding period in 2016, while Interest Expenses declined by 11% to total $3.33 billion (2016: $3.76 billion). Interest income for nine months amounted to $23.26 billion, a
Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2017 recorded a total of $941.78 million in revenue compared to $855.21 million booked for the period ended July 31, 2016. Revenue for the quarter rose 15% to close the quarter at $289.63 million relative to $252.22 million booked for the corresponding period
Jamaica’s Net International Reserves totaled US$3,671.68 million as at August 2017, reflecting an increase of US$935.33 million relative to the US$2,736.35 million reported as at the end of July 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$935.33 million to total US$4,247.21 million compared to the US$3,311.88 million
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Jamaica Broilers Group (JBG) for the three months ended July 31, 2017, Revenues totalled $11.49 billion, a 15% increase on the $10.02 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $7.87 billion, a 9% increase compared to $7.23 billion for the same period of 2016. JBG noted, “Jamaica
Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
The Chairman of the Board of Cable & Wireless Jamaica Limited (CWJ), Mark Kerr-Jarrett, introduced himself to shareholders present at the meeting. He provided positive opening remarks on the firm’s performance, stating, “the continued improvement of our customers experience remains a key imperative for us as we invest and respond to their suggestions. Following
The Bank of Jamaica (BOJ) released its short-term inflation analysis and forecasts on September 04, 2017. The latest data released showed an inflation rate for July 2017 of 0.6% which was driven mainly by movements in the Food and Non-Alcoholic Beverages division which recorded a 1.2% increase respectively. The Statistical Institute of Jamaica (STATIN) reported
During the period January to June 2017 the Jamaica’s trade deficit worsened to US$2,046.4 million, increasing by US$383.9 million or 23.1% relative to US$1,662.5 million for the corresponding period in 2016. According to the Statistical Institute of Jamaica (STATIN), the total spend on imported goods amounted to US$2,720.6 million, an increase of 19.9% or US$451.8
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U.S. jobs report was released by the Bureau of Labor Statistics on Friday. The report highlighted an increase in total nonfarm payroll employment by 156,000 in August. This resulted in the unemployment rate being 4.4%, and the number of unemployed persons totalling 7.1 million according to the Bureau. The report further states, “employment growth has
Ansa Coatings International Limited has alerted the public, its intention to acquire 48.99% of the share capital of the Berger Paints Jamaica Limited (BRG) being the remaining 104,990,171 issued ordinary shares of Berger Paints Jamaica Limited. The offeror, Ansa Coatings International Limited is a diversified manufacturer and supplier of paint and coatings in the Caribbean.
Scotia Investments Jamaica Limited (SIJL) shareholders today approved by way of vote, a scheme of arrangement to cancel and extinguish all the scheme shares held by shareholders excluding those held by Scotia Group. This approval seeks to further integrate SIJL into the Scotia Group as, “greater operational synergies can be gained from the relationship with
U.S. economic growth second estimate for the second quarter increased 3%, beating the advanced estimate of 2.6%. The growth came on the back end of increased consumer spending, non-residential fixed investment, exports, federal government spending, and private inventory investment that were partly offset by negative contributions from residential fixed investment and state and local government
In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2017 reported a 4% growth year on year in revenues to close at $98.29 million compared to the $94.10 million for the prior year. For the fourth quarter the company posted a 19% growth
Today Crude Oil WTI futures fell from an opening price of US$47.72 per barrel to US$46.30 per barrel, a decline of 2.98%. The price of the commodity did not experience a rapid rise in price subsequent to Hurricane Harvey making its land fall in Texas Late Friday, August 25, 2017. The category 4 hurricane barrelled
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Effective today, August 25, 2017, The Bank of Jamaica (BOJ) has advised the public of a reduction in its policy interest rate by 25 basis point from 3.75% to 3.50%. The rate is offered on overnight placements with the Bank. This amendment according to the BOJ, “reflects the Bank’s assessment that inflation will be within
Brent Oil Brent oil prices increased by 4.58%, as prices increased this week. Oil traded on August 23, 2017 at a price of 52.57 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.07% . Additionally 90 Octane declined by 1.05% week over week. 87 Octane and 90 Octane opened the year
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between June 5th and July 14th 2017 and had 304 respondents. June’s survey indicated the expected inflation rate for 2017 is 2% in line with expectations recorded in the previous survey. Expectations dipped from the 2.3% expected subsequent to March’s
According to the Bureau of Labour Statistics, “Unemployment rates were higher in July in 3 states, lower in 1 state, and stable in 46 states and the District of Columbia,” while the national unemployment rate was 4.3%, 0.6% lower than in July 2016. The Bureau reported that, “nonfarm payroll employment increased in 11 states and
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Jamaica Teas Limited (JAMT) for the 9 months ended June 2017 reported a 26% increase in Revenue to total $1.18 billion (2016: $938.63 million). Revenue for the quarter saw a 35% increase to total 421.01 million relative to 312.72 million 2016. According to the company, “Revenues at our supermarket division amounted to $106 million for the
The inflation rate for the month July 2017 was 0.6 %, following an upward movement of 0.7% in June 2017. The division which recorded the highest movement for the month was ‘Food and Non-Alcoholic Beverages’ with a 1.2% growth. STATIN reported that the prolonged effect of the flood rains in mid-May continued to impact agricultural
Dolphin Cove Limited (DCOVE) for the six months ended June 30, 2017 reported Total Revenue of US$8.66 million, a 6% increase when compared to US$8.20 million booked the year prior. Revenue from dolphin attraction contributed US$4.91 million to total revenue, a 2% increase when compared to the US$4.80 million reported in 2016, while revenues from
Consolidated Bakeries (Jamaica) Limited (PURITY) for the six months ended June 30, 2017 recorded a 5% decline in revenue to $447.60 million from $471.52 million reported for the corresponding period in 2016. For the second quarter the company recorded a revenue of $219.69 million (2016: $210.96 million), representing a 4% growth. Cost of sales for
General Accident Insurance Company Limited (GENAC) For the six months ended June 30, 2017: GENAC reported net premium written of $673.34 million, 15% more than the $585.29 million reported for 2016. This was as a result of a 4% increase in gross premium written to $4.55 billion (2016: $4.37 billion), while reinsurance ceded increased by 3%
Key Insurance Company Limited (KEY) for the six months ended June 30, 2017 reported a 46% growth in net premiums written from $285.15 million to $415.45 million as a result of a 36% increase in gross premium written which closed the period at $660.71 million (2016: $486.74 million). Reinsurance ceded for the period also increased
PANJAM Investment Limited (PJAM) for six months ended June 30, 2017 reported an 8% increase in total income from $880.69 million relative to $948.37 million booked for the prior year’s corresponding period. For the quarter total income declined 11% to $446.82 million (2016: $499.43 million). The year to date growth was due mainly to a 20%
Kingston Wharves Limited for the six months ended June 30, 2017 booked revenue of $2.94 billion, a 19% increase when compared to $2.47 billion for the same period last year, while revenue for the second quarter grew 22% to $1.55 billion (2016: $1.27 billion). This as both the company’s ‘Terminal Operations’ and ‘Logistics & Ancillary
JMMB Group Limited (JMMBGL) for the three months ended June 30, 2017 booked net interest income of $1.91 billion compared to $1.55 billion in 2016, an increase of 24%. This as interest income grew by 9% to close at $3.96 billion, from the $3.62 billion booked in 2016, while interest expenses fell 1% to total
Cable & Wireless Jamaica Limited (CWJ) for the six months ended June 31, 2017 reported an 11% increase in revenue to $13.21 billion relative to $11.85 billion in 2016. The Managing Director, Stephen Price, attributed the improvement to an, “increase in Mobile revenues by 22% year-on-year on a rebased basis. As more subscribers join our
Lasco Manufacturing Limited (LASM) for the three month ended June 30, 2017 recorded a decrease of $379.89 million or 13% in total revenue to total $1.51billion, relative to the $1.73 billion recorded for the comparable period in 2016.according to LASM, “revenue was impacted by the phasing down of production during periods of the first two
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The Palace Amusement Company (1921) Limited (PAL) for the year ended June 30, 2017 booked a 9% increase in revenues to $990.14 million (2016: $909.24 million), while for the fourth quarter, an increase of 20% was observed. For the quarter, revenue rose to $299.06 million relative to $249.33 million in 2016. Direct expenses for the
Access Financial Services Limited (AFS) for the three months ended June 30, 2017 reported $343.04 million in total interest income for the first quarter relative to last year’s $302.50 million. Of this Interest Income from Loans amounted to $339.32 million while Interest Income from Securities totaled $3.72 million (2016: $1.88 million). Interest Expense charged for
The Jamaican Government on Tuesday made public its intention to purchase for cash, notes due 2019, 2021, 2022 and 2025. This paves the way for note holders validly tender their notes in the invitation which commenced on Tuesday, August 8, 2017 and will expire at 5:00 pm, New York time on Monday August 14, 2017.
tTech Limited (tTech) for the six months ended June 30, 2017: booked a 2% increase in operating revenues for the period to $107.83 million compared to $105.57 million for the corresponding period last year. Revenue for the quarter contracted 12% from $58.43 million in June 2016 to $51.25 million. According to tTech, “revenues in 2016
Today marks the third competitive price auction of the 30-day certificate of deposits (CD’s) to primary dealers and deposit taking institutions (DTIs). This as on June 27, 2017, the Bank of Jamaica (BOJ) announced that 30-day CD’s will be issued in fixed volumes by competitive multiple-price auctions. This announcement came on the heels on the
For the period of April 2017 to June 2017, the GOJ reported Total Revenues & Grants of $125.84 billion, $7.76 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 9.3% relative to the $115.13 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ‘Non-Tax Revenue’ and ‘Grants’
Salada Foods Jamaica Limited (SALF) for the nine months ended June 30, 2017, recorded an 8% increase in turnover for the quarter to $208.42 million (2016: $192.16 million). Salada Foods’ turnover increased by 13% to $612.80 million for the nine months ended June 2017 compared to $540.28 million booked in the previous year. The company
Jetcon Corporation Limited (JETCON) For the six months ended June 30, 2017: Revenue for the six months increased 62% to total $548.23 million, up $209.79 million from the $338.44 million recorded in the prior year. For the quarter the company saw a 52% increase in revenue totalling $291.92 million compared to (2016: $192.41 million) Costs
Cargo Handlers Limited (CHL) for the nine months ended June 30, 2017 reported revenues of $255.44 million, 9% higher than the $234.37 million booked in 2016. However, revenue for the quarter contracted 9% to $73.83 million relative to $81.07 million documented for the corresponding quarter of 2016. The company noted, “this result was due in part
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On August 03, 2017, Barita Investments Limited (BIL) advised the public that the Company has received an offer to acquire majority shareholdings in the Company. Barita Investments Limited (BIL), a limited liability company, is licensed as a security dealer and has primary dealer status from the Bank of Jamaica (BOJ). Licensed under the Securities Act,
Medical Disposables & Supplies Limited (MDS) for the three months ended June 30, 2017: recorded revenues of $480.59 million, an increase of 13% compared to the $425.36 million booked in 2016. The increase was due to the, “Company’s strategic plan to increase its market share, through increased product offerings and the widening of the customer
Berger Paints Jamaica Ltd. (BRG) for the three months ended June 30, 2017, recorded sales (net of discounts and rebates) in the amount of $454.55 million, a decrease of 10% when compared to that recorded for the comparable period the year prior (2016: $506.18 million). Berger attributed the decline in sales to, “the impact of local
Total Revenues increased by 5% to $30.36 billion from $29 billion in 2016, while for the second quarter Total Revenues were down 1% to total 15.09 billion compared to 15.29 billion in 2016.Total revenue was broken down as follows: Net premium revenue increased by 12% to a total of $17.41 billion compared to $15.61 billion
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NCB Financial Group (NCBFG) held its second investor briefing for the calendar year where Group Finance and Deputy Managing Director, Mr. Dennis Cohen, and Group Managing Director Mr. Patrick Hylton, reviewed the third quarter performance ended June 30, 2017. NCBFG recorded net profits of $14.72 billion for the nine months ended June 30, 2017, a
Grace Kennedy Limited (GK) for the six months ended June 30, 2017 reported total revenue of $46.37 billion (2016: $44.12 billion), a year over year increase of 5%. The biggest contributor to the group’s overall revenue for the six months was income from the ‘Food Trading’ segment which contributed a total of $36.29 billion (2016:
Total revenue grew by 3% amounting to $4.09 billion, up from $3.98 billion reported a year ago. According to the company, “this was netted with the drawdown of clinker and cement valuing $480 million when compared to the same quarter in 2016. Repairs and maintenance was $36 million as a result of routine maintenance of
The Federal Reserve issued its Federal Open Market Committee (FOMC) statement today. Information received since the Board of Governors of the Federal Reserve System last met in June points to further strengthen in the labor market while economic activity has moderately increased since the start of the year. According to the statement, “Job gains have
Consumer confidence in the U.S. moved to a near 16 year high in July amid optimism over the labour market. The Conference Board said its consumer confidence index surged to 121.1 this month from 117.3 in June. The rise in confidence came despite the healthcare impasse in Washington. “Consumer confidence increased in July following a
LASF recorded trading income of $302.68 million; this represented a growth of 27% or $65.2 million compared to the $237.48 million for corresponding period in 2016. Other income amounted to $16.54 million (2016: $23.17 million), a decrease of $6.63 million which resulted in total income of $319.23 million, a growth of 22% compared to the
Kingston: Mayberry Investments Limited (“Mayberry”), lead financial advisor and broker to Express Catering Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 5 July 2017 (the “Invitation” and the “Prospectus” as the case may be), to purchase Sale Shares (the “Shares”), is advising the public that refunds for
Mario Draghi indicated that policy makers at the Central Bank are still waiting for inflation to catch up with the Euro zone economic recovery, pushing back any discussion of winding back stimulus until after summer 2017. “We are finally experiencing a robust recovery where we only have to wait for wages and prices to follow
U.S. All import prices slid 0.2% in June, the second consecutive decline driven by lower fuel prices. Although there was a recorded decline in June, U.S. imports increased 1.5% over the previous 12 months according to the Bureau of Labor Statistics (BLS). The price index for fuel imports declined for the fourth month in a
Express Catering Limited: – Basis of Allotment of Shares in Initial Public Offering Kingston: Mayberry Investments Limited (“MIL”), lead financial advisor and broker to Express Catering Limited (the “Company”) in its recent invitation to the public made subject to a prospectus dated 5 July 2017 (the “Invitation” and the “Prospectus” as the case may be),
The Jamaican Economy expanded by 0.1% for the first quarter of 2017 relative to the corresponding quarter of 2016. The growth resulted mainly from improvements in the Services industries which increased by 0.4%. The overall Goods Producing industries posted a decline in the period despite gains by the Manufacturing and Construction industries. The Goods Producing
Caribbean Cream Limited (KREMI) for year ended May 31, 2017, reported a 1% increase during the quarter totaling $319.10 million compared to $315.26 million in the corresponding period last year. According to the company, “sales were affected by the reduction in demand due to adverse weather conditions (rain & flooding) existing in the 1st Quarter of
Caribbean Cement Company Limited (CCC) today held their 68th Annual General Meeting at the Spanish Court Hotel. Following the chairman’s opening remarks, the company’s General Manager, Peter Donkersloot Ponce, who was appointed on November 7, 2016, presented on CCC’s 2016 year in review. CCC reported a significant decline in ‘total loss and injuries” and total recordable
The latest U.S. payroll data from the Bureau of Labour Statistics indicated that the U.S. economy added 220,000 jobs while the unemployment rate was little changed at 4.4% for the month of June. The sectors see increases were health care, social assistance, financial activities and mining. In June, health care added 37,000 jobs. Health care
The Federal Reserve’s semi-annual Monetary Policy Report was presented to Congress today, while Janet Yellen, Federal Reserve Chair, is expected to give her remarks and briefly discuss the current economic situation and outlook. Current Economic Situation and Outlook Since her last appearance in February 2017, in her view, the U.S. labour market continues to strengthen
GraceKennedy declared on Friday, July 7, 2017, that the Group has agreed to acquire 100% ownership of Consumer Brands Limited. The acquisition will make Consumer Brands Limited, a large player in the distribution industry, a subsidiary of Grace Kennedy Foods. The deal is likely to be concluded before the end of the third quarter of
Please click below to view today’s Featured Stock. Weekly Picks 10.07.17 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
U.S. hiring picked up in June with total nonfarm payrolls employment increasing 220,000. However, the unemployment rate was little changed at 4.4%, the U.S. Bureau of Labor Statistics reported. The rise in total nonfarm payroll employment resulted from increased employment in health care, social assistance, financial activities, and mining. In June, health care added 37,000
April 18, 2024 Mayberry Market Summary - 18.04.2024 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
April 18, 2024 Sagicor Group Jamaica Limited (SJ) has advised that the Trustee of Sagicor Long-Term Incentive Plan sold 3,039,507 SJ shares to thirty-one (31) executives and their connected party on April 16, 2024. These trades relate to the exercise of stock grants pursuant to the Transfer of Stock Grants & Restricted Share Units
April 18, 2024 Tropical Battery Company Limited (TROPICAL) has advised that Tropical Mobility, an electric vehicle dealer majority owned by TROPICAL, has signed a memorandum of understanding (MoU) with Santo Domingo-based Zero Emisión RD, to provide service on Tesla electric vehicles in Jamaica. Under the terms of the MoU, Zero Emisión RD and Tropical
April 18, 2024 Wigton Windfarm Limited (WIG) has advised that as per the Company’s Articles of Incorporation (“Articles”) the Entrenched Articles (Limitations on Shareholdings) which provides for the special rights redeemable preference share of J$1.00 (“Special Share”) held by the Accountant General of Jamaica and the ten percent (10%) shareholding limit will cease to have any effect
April 18, 2024 GraceKennedy Limited (GK) has advised that GK Investments Limited, a wholly owned subsidiary of the Company, has purchased 60,000,000 units of shares in Spur Tree Spices (Jamaica) Limited thereby increasing its ownership to 20.18%. Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views
April 18, 2024 Gas Price Movement - April 18, 2024 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
April 18, 2024 United States: US Yields Rise as Solid Data Keeps Lid on Fed Bets: Markets Wrap Treasury yields edged higher after solid economic data spurred bets the Federal Reserve will be in no rush to cut interest rates. Ahead of the start of the Fed’s pre-meeting silent period, the bond market saw
April 17, 2024 Jamaican Teas Limited (JAMT) has advised that in March 2024, the Company issued 3,150,000 JAMT shares to 12 of its employees pursuant to share options issued in 2021 and exercised in March 2024. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments
April 17, 2024 GraceKennedy Limited (GK) has advised that the Company purchased a total of 125,821 GK shares under the GraceKennedy 2023 Share Repurchase Programme during the period April 5 to 9, 2024. Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research
