Tag Archives: microfinance

JMMB/Alignvest Discussion (Audio)

On Thursday May 16, 2019 the Jamaica Money Market Brokers Group Ltd (JMMBGL) made an announcement that they would be helping to fund the Alignvest Takeover of Sagicor Group in the Caribbean.

On Friday May 17th, 2019, we (Stephen Wildes & Marc Gayle) had this discussion on the transaction.

Some of the points we discussed were

  • Our initial reactions to the deal and what we understood it to mean
  • Our thoughts on the sector
  • How will this impact competition
  • Players impacted – NCBFG/GHL, Sagicor, PanJam, Canopy(GK/Musson), and are there any connections?
  • Why did JMMB do this/and why did Alignvest choose JMMB?
  • How did JMMB even get to do a deal like this?

Please listen and give us your feedback. Thanks

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MM101 Updates

This Is A BIG Announcement! We’ve Made Some Changes

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MM101 Updates

Sygnus Credit Investments Limited – To raise US$10m (~J$1.3b) @ US$0.11 per US$ Share or @ J$13.72 per J$ Share

Sygnus will open its initial public offer to list on the Main Market of the Jamaica Stock Exchange on May 2, 2018 and close on May 16, 2018. The company aims to raise US$10m (more if they choose to) from the sale of 90.9m shares. Subscription can be in either J$ (at J$13.72 per share) or US$ (at US$0.11 per share). More to come. Check our news page for updates.

Bulletin

Reminder: How’s your portfolio, are you ready for Q2 2018?

Believe it or not, April 1st is right around the corner, which means…

  • … Easter? Yes.
  • … April Fool’s Day? Yes.
  • … But also, the first day of Q2 – the second quarter of 2018!

Do you have what you need to make the 2nd quarter of 2018 successful? (Keep reading). Continue Reading

MM101 Updates

How Did Your Portfolio Do In Q1? Are You Ready For Q2 2018 (Discounts Inside)

Believe it or not, April 1st is right around the corner, which means…

  • … Easter? Yes.
  • … April Fool’s Day? Yes.
  • … But also, the first day of Q2 – the second quarter of 2018!

Do you have what you need to make the 2nd quarter of 2018 successful? (Savings below, keep reading, or view the savings here. Login needed). Continue Reading

MM101 Updates

Daily Brief: Elite Diagnostic Ltd – Aiming to raise J$141.4m @ $2 per share – Jan 16, 2018

Hello, MoneyMax101 readers! Here’s your news update.

  • Elite Diagnostic Ltd – Aiming to raise J$141.4m @ $2 per share

    Jamaica Stock Exchange / JamaicaMon Jan 15, 2018

    The Company commenced operations in August, 2013 at its Holborn Road location with the objective of providing diagnostic imaging services to patients in Jamaica. Elite is controlled by a group of private partners through a vehicle called Excel Investments Inc. Elite was launched with equity participation from NCB Capital Markets Limited, Sagicor Investments Jamaica Limited and Barnett Limited. For the financial year ended June 30, 2017 its gross revenues had increased to J$263,096,181 and net profits had moved to J$44,205,417 (J$28,827,629 in 2016)

  • Citibank looking for new T&T boss

    Trinidadexpress.com / CaribbeanMon Jan 15, 2018

    Citigroup Inc. (Citi) is looking for a new boss for its operations in Trinidad and Tobago, The Bahamas and Barbados. On its website on Saturday morning, Citi advertised the career opportunity for a Trinidad Hub Citi Country Officer (CCO). Citi confirmed yesterday via e-mail that CCO Catalina Herrera, who was appointed in 2013, will be leaving Trinidad and Tobago in March.

  • Margaritaville Turks Ltd Q2 2018 Results Take A Hit From Hurricanes

    Jamaica Stock Exchange / JamaicaMon Jan 15, 2018

    Revenue for the quarter of US$390,044 reflects one month only – November as the hurricanes wiped out September and October and shut down operations for those two months. The company had sales of US$1.2m in the same quarter last year.

  • December’s Inflation of 0.6% Pushes Calendar Year 2017 to 5.2%

    Statin Jamaica / JamaicaMon Jan 15, 2018

    The All Jamaica ‘All Divisions’ Consumer Price Index for December 2017 recorded an increase of 0.6 percent in its index, bringing the 2017 calendar year inflation rate to 5.2 per cent according to the December 2017 Consumer Price Index Bulletin released by the Statistical Institute of Jamaica (STATIN). At the end of the calendar year 2017, the fiscal year- to–date movement was 4.2 per cent.

Daily Brief

Daily Brief: Mayberry To List Subsidiary By March – Jan 05, 2018

Hello, MoneyMax101 readers! Here’s your news update.

  • Mayberry to list subsidiary

    Gleaner – Business / JamaicaFri Jan 05, 2018

    Mayberry Investments Limited will list its subsidiary on the Jamaica Stock Exchange, JSE, before the end of March, which could see it raising more than a $1 billion

  • Hurricanes cut into Goddard’s bottom line

    Business – Barbados Today / BarbadosThu Jan 04, 2018

    A major financial hit by associated company Sagicor General Insurance Company has been identified as one of the drags on Goddard Enterprises Limited’s (GEL) financial performance during the 2017 financial year. This was revealed in the conglomerate’s recently-released audited consolidated financials for the year ended September 30, which showed a near 100 per cent drop in the share of income from associated companies.

  • Massy searches for new markets as Barbados profits dip

    Business – Barbados Today / BarbadosThu Jan 04, 2018

    The Massy Group is seeking greater fortunes in countries like Guyana and Colombia as it acknowledges company profits are under threat in its main money earners, Barbados and Trinidad and Tobago. At the end of Massy’s financial year on September 30, 2017, the two key markets registered slight declines, with revenue from Barbados’ operations falling from TT$2.97 billion (BDS $990 million) in 2016 to TT$2.90 billion (BDS $968 million) in 2017.

  • Gov to relax Exchange Control

    The Bahamas Investor / BahamasFri Jan 05, 2018

    Prime Minister Dr Hubert Minnis has said his administration will relax Exchange Control on capital transactions, namely on capital (investment) and current account (trade) transactions for small and medium-sized Bahamian businesses/enterprises (SMEs). The changes, which will come into effect February 1 this year, are expected to assist SMEs and Bahamian investors by improving the ease of doing business for Bahamians and residents.

Daily Brief