Stocks / I.P.O.s

Investing opportunities, IPOs, stocks

New IPO: Key Insurance Makes Last Minute Dash For The Junior Market

Talk about a reaaally expedited listing. Key Insurance Company Limited will have to rush its application if it intends to list on the Jamaica Stock Exchange Junior Market, BEFORE the end of March 31, 2016. The company, which published its prospectus yesterday (Tuesday March 22nd) will open its IPO, one week later on the Tuesday the 29th and hopes to list its shares on the JSE before the 31st (Thusday). Wow, talk about a close call.

Key insurance is offering 92.1m shares (52.7m new and 39.4m from existing shareholders who have decided to sell) to the general public in this IPO. JMMB securities has been selected as their lead broker and has access to 80% of the total shares on offer as reserved shares. Continue Reading

Bulletin, Stocks / I.P.O.s

New IPO: Micro Loans Company ISP Finance Services Ltd Going Public

9 year old micro loans company ISP Finance Services Ltd, which was incorporated in January 2007 and co-founded by Dennis Smith is aiming to raise J$98.0m and list itself on the Junior market of the Jamaica stock exchange.

The company, which began by providing unsecured loans to persons in the security guard industry, has since expanded to become a provider of short term micro and small loans to businesses and employed persons. As at December 2015, approximately 45% of its loans are to employees in the security industry and approximately 90% are unsecured. Continue Reading

Bulletin, Stocks / I.P.O.s

Never Mind The Election, Jamaica’s Newest Insurance Company Launches IPO

It may be their confidence in the economy, the wonderful performance of the stock market, the already secured commitments from customers to invest, or the pressure to meet the deadline to get the tax-free exemption – or a combination of all of them – but consider it a rather bold and unusual move for IronRock Insurance company, an unknown startup company to issue their prospectus 2 days before a general election.

This post provides a summary of their prospectus as they attempt to raise funds and list on the Junior market of the Jamaica Stock Exchange. Continue Reading

e-Update, Stocks / I.P.O.s

CAC 2000 Limited Aiming To Raise $121m And List On The Jamaica Stock Exchange Junior Market

CAC 2000 Limited has issued their prospectus – aiming to raise $120.5m by selling 29.0m ordinary shares at $4.89 per share. Subscription opens December 16th and closes on December 23, 2015. The company intends to list on the Jamaica Stock Exchange Junior market. Continue Reading

Stocks / I.P.O.s

Jamaica Producers Group Ltd (JP) Is A BUY – Mayberry

Jamaica Producers Group,  who Mayberry describes as being mainly in the business of juice and food manufacturing, the cultivation, marketing and distribution of fresh produce locally, logistics, land management and the holding of investments is this week’s stock pick.

They are rating the company as a BUY. Continue Reading

Analyst Ratings

Sagicor X Fund Raising J$4.2b (US$35m) To Acquire Convention Hotel In Florida

Sagicor Financial Corporation

Sagicor Real Estate X Fund Limited is pleased to announce that it proposes to undertake a rights issue of up to 598,134,700 new ordinary shares on the basis of two (2) new ordinary shares for every five (5) ordinary stock units held as at August 17 2015 (“the Record Date”). Continue Reading

Mergers and Acquisitions, Stocks / I.P.O.s

The Ultimate Guide To The Digicel New York Stock Exchange IPO. Plus An Infographic!

If Digicel successfully lists on the New York Stock Exchange later this year (2015) that would be a very big thing for Digicel (the company itself), its employees, its owners and leadership, and for the Caribbean on a whole. The company is no doubt operated at high international standards with a global outlook (no questions there). However Digicel does most of its business in the Caribbean, and investors will be asked to make a big bet on this region or as Fitch describes it ‘countries with low ratings’, including Jamaica, Haiti and Papa New Guinea (Digicel’s three largest markets). Continue Reading

e-Update, Stocks / I.P.O.s

JMMB Goes To The Bank. Raises J$2.2 Billion In Private Placement

Jamaica Money Market Brokers Limited has gone fund raising again. This time they have raised US$20.0 million or J$2.24 billion* through the issue and private placement of unsecured extendible notes denominated in United States dollars.

This will definitely help to boost their funding (along with the preference share funds and other debt obligations), and since they now have their own commercial bank in Trinidad and all those glorious expansion dreams, who to tell what they be using all that extra cash to buy!  Continue Reading

Funding & Private Placement