Special Advisory: Jamaican Teas Limited (JAMT)
Date: January 16, 2020 Jamaican Teas Limited (JAMT) has advised that at a Board meeting held on January 14, 2020, the Directors of JAMT approved the following: “That at the next Annual Meeting of the shareholders of Jamaican Teas Limited the following Resolutions should be considered as Special Business: Resolution to Increase THAT the existing authorised 1,000,000,000 ordinary shares in the capital of the Company be increased to unlimited ordinary shares with no maximum. Resolution for Split THAT each of the issued ordinary shares in the capital of the Company be subdivided into three (3) ordinary shares with effect from
Special Advisory: Portland JSX Limited (PJX)
Date: January 16, 2020 Portland JSX Limited (PJX) has advised that the Company has completed its Investment phase and looks forward to accelerating growth of profit and shareholder value in 2020 and beyond. 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 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
Gas Price Movement-January 16, 2020
January 16, 2020 Brent Oil Brent oil prices decreased by 1.16% or US$0.76, as prices fell this week relative to the prior week. Oil traded on January 16, 2020 at a price of US$64.61 per barrel relative to US$65.37 on January 09, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased this week by 2.42% (JMD$3.00). Additionally, 90 Octane decreased by 2.36% or (JMD$3.00) 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$121.21 and J$124.05 per litre respectively. Figure 1: Petrojam,