Business
FosRich ends the year as the most valuable company on the JSE by market cap
Obrian -
FosRich Company Limited (FOSRICH) has achieved quite a feat as it becomes the most valuable company on the JSE by market capitalization. It finished the year 2022 with a market capitalization of $19.64 billion.
The company saw its stock...
Caribbean
PanJam sold off its shares in New Castle Company Limited
Obrian -
PanJam has recently sold off all its shares in local spice manufacturer New Castle Company Limited. Analysts are saying that this has been a deal that PanJam has benefited ever since PanJam decided to purchase 25 percent of the...
Business
First Rock share buyback program is going according to plan
Obrian -
First Rock has been ramping things up with share buyback over the last few weeks. Typically, companies buy back shares to increase the price of shares for investors due to supply and demand within the market.
The company states that...
Business
Sagicor XFund improves over last year losses
Obrian -
Sagicor Xfund’s numbers have improved quite significantly since last year. In 2021 cumulatively over the first three quarters, they saw a net loss attributable to stockholders at J$65.43 million. In 2022 during the same period, they reported net profits...
Business
Sterling Investments had a successful quarter which saw revenue surging
Obrian -
Sterling Investments Limited (SIL) had a successful quarter ending September which saw a 108 percent increase in revenue. It increased from J$23.1 million in 2021 to J$48.1 million in 2022 within the same period.
This jump in revenue is largely...
Caribbean
Sygnus reports strong numbers with another successful quarter
Obrian -
Sygnus Credit Investment (SCI) had another successful quarter beating analysts' estimates.
Net profit attributable to shareholders increased by 8 percent from US$1.51 million last year 2021 to US$1.63 million in 2022 during the same period.
Total investment income grew by 24.7...
Blockchain
Blockstation: An ecosystem for digital assets
Obrian -
Blockstation is a Canadian Fintech company founded in 2014, it provides one of the first digital asset trading solutions for stock exchanges. It is a platform that is powered by blockchain technology which is the technology that most of...
Fintech
Composer: A mini hedge fund on your computer
Obrian -
Over the last 5 decades, algorithmic trading has come a far way. Started out as mathematical models shared among economists and quantitative financial specialists, these models were very rudimentary but at the time there was never a question about...
Caribbean
WiPay’s long awaited IPO is set for January 2023
Obrian -
WiPay, a growing digital payment portal in the Caribbean that originated in Trinidad and Tobago, is finally setting the stage for its long-awaited IPO on the Jamaica Stock Exchange (JSE).
This is a very important step in the company’s...
Latest News
Twitter Rebrands to ‘X’
In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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