1834 Investments Limited (formerly The Gleaner Company Limited) is a Jamaican incorporated and domiciled holding company for a portfolio of domestic and international investment assets.
The company’s main activity is the management of its income-generating real estate, bond, and equity investments, and the management of its joint venture and subsidiary companies.
This company is a gem waiting to be discovered. Its stock price is currently trading at .87 cents (JMD) as of market close Friday, December 10, 2021. The total number of shares outstanding is 1.22 billion units while the companies stock price is down 16.5% for the quarter to date.
1834 has yet to declare a dividend for 2021 or for the fiscal year; however, its annual general meeting is scheduled for December 14, 2021. Investors are anticipating that this meeting will produce a dividend declaration.
Total assets amount to 1.66 billion (JMD) while total liabilities stand just a little above 150 million (JMD) based on the company’s Annual Report for 2020-2021. The earnings per share (EPS) was 6.69 cents (JMD) and the PE ratio is currently 13x.
This company has huge potential for growth based on the fact that its asset exceeds its liability 10x. It is a solid company with an experienced management team and board of directors which I am sure will do what’s best for the company to increase shareholder value.
Source: Website
