Gas Price Movement-January 23, 2020
January 23, 2020 Brent Oil Brent oil prices decreased by 4.12% or US$2.66, as prices fell this week relative to the prior week. Oil traded on January 23, 2020 at a price of US$61.95 per barrel relative to US$64.61 on January 16, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased this week by 1.25% (JMD$1.52). Additionally, 90 Octane decreased by 1.23% or (JMD$1.52) this week. 87 Octane and 90 Octane opened the year 2020 at J$127.27 and J$130.11 respectively and now trades at J$122.73 and J$125.57 per litre respectively. Figure 1: Petrojam,
Special Advisory: Key Insurance Company Limited (KEY)
Date: January 22, 2020 Key Insurance Company Limited (KEY) has advised that the Company has received a Takeover Bid Circular from GraceKennedy Financial Group Limited on January 20, 2020 with an offer to purchase 100% of the Company’s issued share capital at the price of $2.01 per ordinary share. KEY has further advised that the Company will issue and circulate a Directors’ Circular to its shareholders in due course 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
Special Advisory: Caribbean Producers (Jamaica) Limited (CPJ)
Date: January 22, 2020 Caribbean Producers (Jamaica) Limited (CPJ) has advised that the Company has entered into a Management Agreement with Taste of Life Limited, this agreement was finalized on January 17, 2020. Under the terms of this agreement, Taste of Life Limited will assume responsibility for the day to day operations and management of CRU; a bar and restaurant operated by CPJ and located at leased premises at 71 Lady Musgrave Road in Kingston. This agreement will allow CPJ to concentrate on its core business while benefiting from the expertise of Taste of Life in the growth and development