Special Advisory: Sygnus Credit Investments limited (SCI)
Date: October 29, 2019 Sygnus Credit Investments limited (SCI) has advised that the Annual General Meeting of the Company will be held at 10:30 a.m. on November 27, 2019 at the Cnr. Flamboyant Drive & Almond Road, Rodney Bay Village, Gros Islet, St Lucia. SCI has also advised that Ms Nakita Edwards tendered her resignation as a Director of the Company effective October 25, 2019. Ms. Edwards was also the Chair of the Audit and Governance Committee. SCI has further advised that the resignation of Ms. Edwards, a member of the audit committee, was not due to any disagreement
Trade in Shares: Sagicor Group Jamaica Limited (SJ)
Date: October 29, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a Senior Manager purchased 12,753 SJ shares held under the SJ Long-Term Incentive Plan. 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 sources believed to be reliable, however its accuracy and
Overseas Headlines-October 29, 2019
October 29, 2019 United States: America’s Middle Class Is Addicted to a New Kind of Credit “The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialized in the debt are promoting an almost equally onerous type of credit. It’s called the online installment loan, a form of debt with much longer maturities but often the same sort of crippling, triple-digit interest rates. If the payday loan’s target audience is the nation’s poor, then the installment