Monthly Archives: August 2011

Investing like a GSAT kid

By Julian Morrison

The Rigors   What does a child studying for GSAT exams and an investor have in common? Many persons would have serious difficulty answering that question. A GSAT student needs to be focused, long term oriented, diligent and have a … Continue reading

Analyst Views

What makes a company good?

By Julian Morrison

Background In many instances we have different ideas about what makes a company good. Could it be the products? What about customer service? Or is that hilarious ad that comes on with the happy music? Beyond all of these factors, … Continue reading

Analyst Views

Sandals Resorts Looking To Build 3 to 4 Hotels A Year. Biggest Expansion In Its History

Sandals CEO Adam Stewart told Bloomberg News that the hotel chain is on an expansion drive and is currently seeking help from international banks to finance this growth. Continue Reading

Business Strategy

Express Catering A ‘Buy’ – JMMB

Analysts at the Jamaica Money Market Brokers Group Ltd have released their analysis on the initial public offer for Express Catering Ltd. Based on their insight, they have put an overweight / buy rating on the offer. Today is the last day to sign up for what is expected to be another oversubscribed offer from Mayberry Investments Ltd.

Based on their analysis

  • They believe the shares are under-priced relative to shares currently listed on the Jamaica Stock Exchange at the offer price of $1.50.
  • They view the company positively as it is a foreign exchange income generator with an exclusive contract to provide its services in a high traffic airport.
  • Plans to expand the offerings to include the Starbucks brand, the international coffee food chain, popular in the United States and Canadian markets, should augur well for continued growth.

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Bulletin

Kier To Exit Caribbean Business. Cites ‘Portfolio Simplification’

Construction firm Kier will take a £73m hit in its full-year results after taking the decision to close its Hong Kong and Caribbean businesses, it revealed late June 2017.

The firm is set to close its Caribbean business following the agreement of a final account with an unnamed client on what Kier called “a challenging project”, which is expected to complete “within the next three months”.

In total, the closure of the Caribbean business will have cost Kier £79m, including £23m last year and £56m this year.

Kier said that the moves to close the businesses fit into a wider programme of “portfolio simplification” that it has undertaken since the middle of 2015. This has resulted in it concentrating more on its regional building, infrastructure and housing projects.

Source: Telegraph

Business Investments

3 New IPOs – PBS, SOS & Express Catering. Are You Going To Invest?

Here is the latest weekly digest (Jul 3rd – Jul 9th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

What an exciting time for investing. Within the space of a week we have seen 3 companies coming to the market to raise funds with their initial public offerings – Productive Business Solutions, Stationery & Office Supplies & Express Catering. Continue Reading

Weekly Review

Margaritaville Controlled Express Catering To Raise $491.3m. Valuing Company At J$2.5 Billion

Highlights

  • The company has concession arrangements to sell food and beverages at the Sangsters International Airport in Montego Bay with a number of reputable international and local brands
  • Raising J$491.3m from the sale of 327.5m shares at J$1.5 per share. Valuing the company at ~J$2.5b
  • Would become the 4th largest public company in the Caribbean in the Hotels, Restaurants & Leisure industry
  • Owned by the Margaritaville St. Lucia Inc.
  • Currently profitable. Earned net profits of US$1.1m in 2016 from sales of US$14.1m (compared to profits of US$590k in 2015 and sales of US$13.6m)
  • Recently launched its US$3.5m 7 year preference share to raise funds
  • Recently entered an agreement to operate the Starbucks coffee franchise. Construction to begin within 6 months

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Bulletin

Stationery & Office Supplies Ltd Going Public, To Raise $95m

Local family owned business, Stationery & Office Supplies Ltd is going public. The 50-year-old company, owned by the McDaniel family is a leading supplier of office furniture and related supplies. Continue Reading

Bulletin