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Recent Items about: jm-svl

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

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

Economy On Track, Market Inches Up, Digicel To Cut 1 in 4

Here is the latest weekly 101 (Feb 20th – Feb 26th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

Market Review

The market inched up by 0.24% this week. Not as aggressive as it did during early February and January, but still an increase compared to last week’s fall off. The big winners this week were SEP up by a whopping 46% (what’s happening here), DCOVE up by 25%, KEX jumps to a high of $35 (up 17%), and ISP hits $10 (and there are a few others). GENAC fell 16%, MUSIC by 13% and PJAM and AMG by 11%. Continue Reading

Weekly Review

What Goes Up…? Plus, More Quarterly Results & Mass Merger Ahead

Here is the latest weekly digest (Feb 13th – Feb 19th, 2017). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

 

Market Review

For the first time since the start of 2017, the market closed down for 4 out of 5 consecutive trading days. It had some investors worried and other short term opportunists, riding the wave, were a little concerned as well. In fact, the biggest fall of the week, came on Feb 13th, the day before Valentines, and I hope it was not a heart breaking moment for you. To make matters worse, the 3,047 point drop in the combined index was the largest fall since April 2016 (when it last fell by 3,759 points). Continue Reading

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

Inflation Low, But Dollar Sliding. 2017 Growth Forecasts For Latin America

Here is the latest weekly digest (Oct 16-22, 2016). A quick easy read of this week’s top and most relevant business news. No fluff, just the highlights.

  • The Jamaica Stock Exchange legislation was passed in the lower house and is moving to the upper house – The Junior Market tax incentive legislation aims to continue the tax break given to companies that list on the market. There are however still some opposing views as Opposition member Peter Phillips reiterated the point that the country would be better served if the tax incentive was given to investors than the companies.
  • Jamaica as an International Financial Hub – There was the passage of three key pieces of legislation in the House of Representatives that should better position Jamaica as a place of choice to facilitate the administration of international financial and business services. These include: the General Partnership Act 2016; the Partnership Limited Act 2016; and the International Corporate and Trust Service Providers Act.

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Weekly Review

Blue Power & CPJ Board Movements. J$10.83 Million Traded On JSE. TT$5.65 Million On TTSE – Oct 29, 2013

Stock market performance report for Tuesday 29th of October 2013 below.

Jamaica Stock Exchange (JSE)

Summary

  • Combined Market – J$10,831,446 – 2,706,704 shares / 24 stock(s) traded. 59 trades.
  • JSE Market Index – J$9,127,166 – 1,861,688 shares / 40 trades. 2 Advanced / 4 Declined / 11 Firm.
  • JSE Junior Market Index – J$1,704,281 – 845,016 shares / 19 trades. 0 Advanced / 4 Declined / 3 Firm. Continue Reading
Daily Market Update, Stocks / I.P.O.s

JMMB Preference Shares Listed! GK Share Buyback and More. J$12 Million / 56 Trades – Sep 27, 2013

Stock market performance report for Friday 27th of September 2013 below.

Jamaica Stock Exchange

Summary

  • Combined Market – J$12,211,252 – 3,303,938 shares / 16 stock(s) traded. 56 trades.
  • JSE Market Index – J$9,339,747 – 1,437,318 shares / 36 trades. 4 Advanced / 3 Declined / 6 Firm.
  • JSE Junior Market Index – J$2,871,504 – 1,866,620 shares / 20 trades. 1 Advanced / 1 Declined / 1 Firm. Continue Reading
Daily Market Update