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Recent Items about: jm-mil

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

Cable Bahamas Listed. Marley Invests In ‘High Times’ Brand

Here is the latest weekly digest (May 25th – Jun 4th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

High Times, the magazine that has chronicled the transformation of marijuana use from an underground vice to a major American business, said on Thursday that it had been acquired by a group of investors that includes Damian Marley, son of the reggae star Bob Marley.’ This according to the New York Times.

The High Times is distinguishing itself as the definitive resource for all things cannabis, since 1974. Continue Reading

Weekly Review

Top 5 Stocks Of 2017 (So Far). Do You Own Any?

Top 5 stocks of 2017 (Jamaica stock exchange)

Here is the latest weekly digest (May 15th – May 21st, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

This week I realized, that if I held my ISP Finance shares, bought in the IPO, the J$50k I invested almost a year ago would have now been worth… drumroll… over J$850k today! That’s mind blowing – to see that growth in a year. But that’s just the start, they’re quite a few companies that have also seen phenomenal growth since the start of this year and this week I’m going to highlight the top 5. Continue Reading

Weekly Review

Market Momentum – Companies Report, Market Responds. Sandals Sale

Here is the latest weekly digest (May 8th – May 14th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

As predicted last week, this has been a big week for the market. Quite a few companies released results and we saw the related movements in the prices of a few stocks. I expect that we will continue to see movement in the prices as people digest the results and also as more results come out this week.

There were 12 stocks advancing more than 10% this week (compared to 7 last week). They were

  • PULS making a 53.04% jump,
  • KEX (up 22.6% after jumping 24.4% last week. The stock is now up 52.4% since the start of this year),
  • MTL (up 30.8%%),
  • ISP (by +30.1%),
  • CFF (by +27.9%),
  • CCC (by +18.1%),
  • 1834 (by +17.8%),
  • and others including BRG (+17.5%), JETCON (+14.11%), ROC and KREMI.

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Weekly Review

Big Week Ahead. Starbucks Hits MoBay & Digicel and TSTT Make Acquisitions

Here is the latest weekly digest (May 1st – May 7th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

We are now approaching one of the busiest times of the year for quarterly results. Over the next week or 2 a large number of companies should be reporting quarterly results for the quarter ended March 2017, and this should definitely have an impact on trading activity over the days that follow – as we get a glimpse into the performance of these companies. Continue Reading

Weekly Review

Stock Market Makes Soars! JN Bank This Weds & More IPOs On The Way

Here is the latest weekly digest (Jan 23rd – Jan 29th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights. 

Market Mania – There were huge gains on the Jamaican stock market this week, buoyed by phenomenal results from some companies, market optimism and continued interest from investors seeking the best companies to invest in.

  • The market made a 5.52% jump this week (compared to 2.02% total growth for the first 3 weeks of 2017). This pushed the market’s total movement for the month up to 7.65%. Major stocks seeing growth this week included
    • Berger up 61.42% this week on good quarterly results from the Christmas season. Berger’s stock is up a mind-blowing 86.79% since the start of this year!
    • Kingston Wharves up 32.83% this week. KW is up 69.87% since the start of 2017,
    • Jamaican Teas Ltd up 32.31% this week, 88.60% in the first 3 weeks of 2017,
    • Medical Disposables and Supplies up 30.44% this week and 39.76% since 2017.
    • along with 6 other stocks (MIL, PULS, JP, PURITY, KLE and MTL) that advanced between 12.50% and 28.99% this week. You can view all companies and their performance here.
  • Investors constrained by the limited shares offered in the Main Event (and possibly other upcoming) IPOs can still find a number of opportunities in existing listings.

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Weekly Review

Inflation At 45 Year Low, Economic Confidence High & Main Event IPO

Here is the latest weekly digest (Jan 16th – Jan 22nd, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

National Highlights

  • The Statistical Institute of Jamaica (STATIN) has reported that Jamaica’s inflation rate remains at a record low level, and was 1.7 per cent at the end of December. It’s the lowest inflation rate the country has seen in more than 45 years.

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Weekly Review

Noranda Bauxite Sold, CAC’s $55m+ Hit, Stock Split Mania

Here is the latest weekly digest (Oct 23-29, 2016). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

  • JSE stock split approved – The Jamaica Stock Exchange shareholders met and overwhelmingly voted in favour of a 5-for-1 stock split which will be effective in another two weeks (November 8, 2016)
  • Cargo Handlers Limited also had their 10-to-1 stock split done last week
  • And continuing on the stock split hype PTL (Paramount Trading Ltd) also had their AGM & Board meeting yesterday (yes, saturday) to consider a stock split as well

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Weekly Review