QWI to identify opportunities

June 17, 2020

QWI searching for opportunities

Chairman of QWI Investments Limited (QWI), Mr. John Jackson, expressed his optimism regarding the Company’s investment in Access Financial Services (AFS). The Chairman noted, “QWI made the right decision at the right time. A large amount of the stock (AFS) was purchased at market value, which was at a discount. As such, the loss was due to the negative impact of the virus.”

Progress in the economy was impacted by the outbreak of Covid-19 as significant uncertainty tainted economic outlooks across the world. Mr. Jackson mentioned, “the Jamaican market responded instantaneously to what took place overseas. Normally in the past, it takes about a year for the reaction to be seen in the Jamaican market.” According to Mr. Jackson, the reaction highlights the increased number of investors involved in the market.

Additionally, QWI’s, “U.S. portfolio was down sharply along with the Jamaican portfolio but has since improved. We now have a profit on our initial investment in the United States,” according to the Chairman. The Company schedules weekly investment committee meetings to monitor its U.S. portfolio, which has seen some recovery according to the Chairman.

The Company is using this time to monitor markets for opportunities despite the current volatile atmosphere. Mr. John Jackson also noted, “the Company is considering opportunities in other Caribbean markets such as Trinidad, offer an opportunity like that of Ghana.”


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 or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

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 reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.