Date: January 23, 2020 Margaritaville (Turks) Limited (MTL) has advised that the Directors have concluded on an interim dividend payment of US0.23 cents (US$0.0023) per share for a total pay-out of US$155,250.00 to all shareholders on record as at February 7, 2020. It was proposed that the payment date be March 4, 2020. The ex-dividend
January 23, 2020 Brent Oil Brent oil prices decreased by 4.12% or US$2.66, as prices fell this week relative to the prior week. Oil traded on January 23, 2020 at a price of US$61.95 per barrel relative to US$64.61 on January 16, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
Date: January 22, 2020 Key Insurance Company Limited (KEY) has advised that the Company has received a Takeover Bid Circular from GraceKennedy Financial Group Limited on January 20, 2020 with an offer to purchase 100% of the Company’s issued share capital at the price of $2.01 per ordinary share. KEY has further advised that the
Date: January 22, 2020 Caribbean Producers (Jamaica) Limited (CPJ) has advised that the Company has entered into a Management Agreement with Taste of Life Limited, this agreement was finalized on January 17, 2020. Under the terms of this agreement, Taste of Life Limited will assume responsibility for the day to day operations and management of
Date: January 22, 2020 Wigton Windfarm Limited (WIG) has advised of the appointment of Earl Barrett as Managing Director of the Company effective January 20, 2020. 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
January 22, 2020 Total employed labour force increased by 29,200, in October 2019 compared to October 2018, with the unemployment rate amounting to 7.2% as stated by the Statistical Institute of Jamaica (STATIN). Of the 29,200 increase in the labour force, employment of males rose by 10,600 to 682,800, while for females an increase of
Date: January 21, 2020 GraceKennedy Limited (GK) has announced plans to further strengthen and expand its Financial Division through an offer by the holding company, GraceKennedy Financial Group Limited (GKFG), to acquire general insurance entity, Key Insurance Company Limited, a company listed on the Junior Market of the Jamaica Stock Exchange. The offer follows the
January 21, 2020 According to Eurostat, “In the third quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.7% in the euro area (EA19), compared with 0.7% in the second quarter of 2019. ” Also, the deficit to GDP was 0.9% in the EU28, relative to a similar 0.9% in
January 21, 2020 GraceKennedy Limited (GK) has advised that the Company has acquired 15% interest in Key Insurance Company Limited (KEY). GK further state that it intends to make a cash offer to purchase 100% of the issued share capital of Key at a price of $2.01 per share. The Offer will open for acceptance
Date: January 20, 2020 Supreme Ventures Group Limited (SVL) has advised that its wholly owned subsidiary, Bingo Investments Limited (Bingo), has completed the acquisition of the assets of Champion Gaming Limited. SVL has also advised of the following appointments to the Board of Directors of Bingo: Damian Chin-You, Director of SVL who will serve as
