Dividend Consideration: Stanley Motta Limited (SML)
Date: November 05, 2019 Stanley Motta Limited (SML) has advised that the Board of Directors of the Company will be meeting on November 8, 2019 to consider the payment of an interim dividend. Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. 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 information contained herein has been obtained from
Overseas Headlines-November 5, 2019
November 5, 2019 United States: $11 Trillion U.S. Mortgage Market Has a Shadowy New Player “U.S. financial regulators led by the Treasury’s Steven Mnuchin and the Federal Reserve’s Jerome Powell have been put on notice about the risk of an economically damaging cash crunch in the $11 trillion home mortgage market. Behind the concern aired recently at the Financial Stability Oversight Council headed by Secretary Mnuchin: The rapid growth of so-called shadow banks in the origination and servicing of home loans, especially riskier ones. “There is a real weakness here,’’ said University of California, Berkeley professor Nancy Wallace, who co-authored
SelectF reports net profit of $913.32 million for the nine months ended September 2019
Date: November 04, 2019 Sagicor Select Funds Limited (SELECTF), for the nine months ended September 30, 2019 reported net investment income of $1.01 billion. While for the quarter, net investment income amounted to $570.67 million. Fees and other income closed the nine months period at $1.81 million, however, for the quarter, fees and other income totalled $2.07 million. As such, total revenue for the period under review equated $1.01 billion, as for the quarter, this amounted to $572.73 million. The Company highlighted, “The company benefitted from the stock market performance over the period. Consequently, the Income was largely derived from