Special Advisory: Sygnus Credit Investments Limited (SCI)
November 29, 2019 Sygnus Credit Investments Limited (SCI) has advised that at a Board of Directors’ meeting held on November 14, 2019, approval was granted for the company to increase the capital raise to up to J$4,500,000,000.00 (US$35,000,000.00) SCI has further advised that the capital raise will be done in various tranches and may take the form of Bonds, Loans, Notes or Preference Shares. For further information, please visit www.jamstockex.com Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the
Special Advisory: Supreme Ventures Limited (SVL)
November 29, 2019 Supreme Ventures Limited (SVL) has advised that the Company intends to acquire additional shares in PosttoPost Betting Limited (t/a AnyBet) in a year. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report. Company Disclosure -The
QWI reports Net Profit of $248.60 million for the nine months ended
November 29, 2019 QWI recorded Gains from investment activities of $394.49 million for the period ending September 30, 2019. Administrative expenses for the period amounted to $51.07 million, while finance costs amounted to $12.55 million. As such, QWI ended the period with a profit before taxation of J$330.87 million. Consequently, net profit for the period totaled $248.60 million following taxation of $82.26 million. Earnings per share for the period amounted to $0.18. The total shares outstanding used for this calculation is 1,365,000,015. Additionally, QWI closed the trading the period on November 28, 2019 at a price of $1.02. Management noted,