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# 7 Donovan Perkins President and CEO PanCaribbean Financial Group

Despite a challenging market, we grew while many financial market players saw adverse operating results. For the 10th consecutive year, PanCaribbean has reported record profits, one of only two companies listed on the Jamaica Stock Exchange that have achieved this remarkable and consistent performance over the past decade.”

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Donovan Perkins makes his second appearance on the list at number 7  following a number 8 showing in 2006.

In his 2010 report to shareholders he commented that, “2010 was a year where we continued to demonstrate and build on our brand vision, “To be loved by our customers…and admired by our competitors.” Despite a challenging market, we grew while many financial market players saw adverse operating results. For the 10th consecutive year, PanCaribbean has reported record profits, one of only two companies listed on the Jamaica Stock Exchange that have achieved this remarkable and consistent performance over the past decade.”

Passing a number of milestones along the way, he was pleased to highlight the following:

  • Ø Net Income of $1.524 Billion, up 3%
  • Ø Paid ordinary dividends of $604 Million or $1.10 per share
  • Ø Balance Sheet grew to $72.6 Billion, up 11%
  • Ø And Stockholders’ Equity soared 34% to $10.6 Billion, the equivalent of US$123 Million
  • Ø Closed 2010 as the #1 Stockbroker with 26% market share.
  • Ø Did exceptionally well at the JSE Annual Awards, capturing three coveted trophies from seven categories.
  • Ø Through our largest Sigma Corporate Run ever, we supported children with disabilities with $11.18 Million raised through the inspired involvement of 11,187 participants.
  • Ø Successfully managed the largest IPO in 2010, raising $240 Million for Dolphin Cove Limited, with subscriptions almost three times the amount offered.
  • Ø Received a jmA+ credit rating from CariCRIS, the fourth consecutive year the Caribbean Regions’ independent rating agency has affirmed the strength and quality of our institution. BM

 

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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