Portland JSX Limited, a fund that invests in privately held companies in Jamaica and Latin America, has slipped deeper into losses that were nine times worse than a year ago. The fund’s annual results for year ending February 2024 were exacerbated.
The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public offer of shares. But the deal to be struck won’t be consummated until.
The value of equities on the Jamaica Stock Exchange rose just above $2 trillion at the end of the March quarter, with some market experts describing the period as one of quiet buying. Overall, market capitalisation has risen by around $72 billion.
Bread prices are up two-thirds since the onset of the pandemic four years ago, and sales revenues at bakery companies appear to have risen in tandem. For Consolidated Bakeries Jamaica, which trades as Purity Bakery, the gain has been 50 per cent,.
After nearly a decade at the company, General Manager Justin Nam is parting ways with listed investment house Eppley Limited. Nam’s resignation is effective May 31. The company made the announcement on Tuesday as it updated the market about two.