Daily Market Summary – May 16, 2023

May 16, 2023 Mayberry Market Summary - 16.05.2023   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

Daily Market Summary – May 16, 20232023-05-16T15:48:57-05:00

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for May 15, 2023

May 16, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 15, 2023, was J$14.66.  MJE’s last traded price on May 15, 2023 was $10.01. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for May 15, 20232023-05-16T15:21:52-05:00

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for May 12, 2023

May 16, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 12, 2023, was J$14.93.  MJE’s last traded price on May 12, 2023 was $10.50. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for May 12, 20232023-05-16T15:19:14-05:00

Special Advisory: Sygnus Credit Investments Limited (SCI, SCIJMD, SCIUSD)

May 16, 2023   Sygnus Credit Investments Limited (SCI, SCIJMD, SCIUSD) has advised that the Board of Directors of the Company on May 12, 2023, approved the buyback of up to US$9 million of SCI’s JMD and USD ordinary shares via Open Market Repurchase (OMR) spanning a period of three (3) years ending June 2026.

Special Advisory: Sygnus Credit Investments Limited (SCI, SCIJMD, SCIUSD)2023-05-16T15:14:43-05:00

FIRSTROCK records Q1 2023 net profit of US$204,973

May 16, 2023   FirstRock Real Estate Investments Limited (FIRSTROCK) for the three months ended March 31, 2023: Net operating income declined 68% to US$1.20 million (2022: US$3.78 million) following a 75% decline in property income to US$955,635 (2022: US$3.82 million). The contraction was due to the reported US$869,179 in realised and unrealised gain/(loss) on

FIRSTROCK records Q1 2023 net profit of US$204,9732023-05-16T15:14:41-05:00

Special Advisory: PanJam Investment Limited (PJAM)

May 16, 2023   Pan Jamaica Group Limited (PJAM) has advised that Ms. Gene M. Douglas has retired as Company Secretary with effect from May 12, 2023. PJAM has further advised that Ms. Simone Pearson, General Counsel at PJAM, has been appointed to the office of Company Secretary, effective May 13, 2023.   Disclaimer: Analyst

Special Advisory: PanJam Investment Limited (PJAM)2023-05-16T15:12:24-05:00

Special Advisory: Caribbean Producers (Jamaica) Limited (CPJ)

May 16, 2023   Caribbean Producers (Jamaica) Limited (CPJ) has advised that its Board of Directors approved the appointment of Mr. Stephen Dear as an Independent Executive Director effective May 9, 2023.   Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those

Special Advisory: Caribbean Producers (Jamaica) Limited (CPJ)2023-05-16T15:10:32-05:00

Jamaica’s inflation rate declined by 0.4% for April 2023

May 16, 2023 The Statistical Institute of Jamaica (STATIN) reported that the All-Jamaica Consumer Price Index (CPI) increased by 5.8% for April 2023 compared to April 2022. However, for the month of April 2023, the inflation rate was -0.4%. The main driver of the decline was a 4.2% fall in the index for the division

Jamaica’s inflation rate declined by 0.4% for April 20232023-05-16T14:58:46-05:00

LEARN reports three months net profit of $42.35 million

May 12, 2023 Edufocal Limited (LEARN), for the three months ended March 31, 2023, reported revenue of $112.66 million, 85% more than the $60.92 million reported in the previous corresponding period. Administrative and Operating expenses increased by 35% to $60.84 million relative to the $45.06 million posted for the same period last year. LEARN has

LEARN reports three months net profit of $42.35 million2023-05-16T14:42:45-05:00

DCOVE reports 98% increase in Q1 net profit

May 16, 2023   Dolphin Cove Limited (DCOVE) for the three months ended March 31, 2023:  Total revenue increased 89% to US$4.85 million (2022: US$2.56 million). Of this: Dolphin attraction revenue increased 100% to US$2.63 million (2022: US$1.32 million) Ancillary services revenue increased 78% to US$2.22 million (2022: US$1.25 million). Total direct costs increased 100% to

DCOVE reports 98% increase in Q1 net profit2023-05-16T14:33:36-05:00