It looks like it’s deal making time again with Jamaica Producers and Pan Jam announcing that they’ve been selected as the preferred (joint) bidders for the government’s stake in the Mavis Bank Coffee business. I’m sure they’ll do well. Excellent news as far as I’m concerned.
On the other hand I’m eager to see if PCFS actually put in a bid for Capital and Credit and to find out about the terms of the transaction. This is particularly interesting after last week’s press release which revealed that about 60% of the company’s loans are in trouble.
It appears as though interest is returning to the market with volumes picking up again and stock prices quietly starting to rebound. If you want to buy, it’s not the cheapest point, but there’s still value.
Big In Jamaica 