Professional Documents
Culture Documents
The recent fall of some gigantic banks in the United States of America has
caused a domino
effect on not just only their own economy, but the world. Unlike what the
feeling the effect of the recession. What we are presently facing, however, is
but because the Government, after wining the election in 2008, tried to
impress the people by abolishing tuitions and hospital fees and to negotiate
huge wage increase for some civil servants, rather than tightening the
In recent months, our country has closed three of its four Aluminum pants
foreign market and also an increase in interest rates. These resulted in the
decline of foreign exchange inflows and Standard and Poor downgrade rating
Jamaica can hope to be rated higher than the CCC+' sovereign credit rating
seeking to approach the IMF for financial aid. Rates offered on Certificates
of Deposit issued by Bank of Jamaica were reduced by 100 basis points. The
six-month benchmark rate will therefore move from 18 per cent per annum
to 17 per cent.
Client #: MQ002510
TRN#: 111-617-819
Gender: Female
Email: cmaccaville@gmail.com
Nationality: Jamaican
Notebook 68,400
Total 1,373,400
378,000
Transportation 132,000
Total 655,000 576,000
The pie chart below shows Ms. Maccaville’s basic annual expenses.
Ms. Ciquoy Maccaville’s fixed and current assets
Investment Options
As the Investment Manager of the fund, I hope to achieve the following:
1. Provide client with information regarding all the financial options she
has and what we will be doing with her money.
purchase Fixed Rate 17.875% Investment Debenture 2013 (Series BU). And
28, 2009.
Rational for Investment Selection
Government Bonds
Government Bonds are unsecured loans that are offered by individuals to the
government, who in return repay them with a rate of interest. Government
Bonds are generally short term or long term debentures, that is, the terms
are generally 1 year to 5 years.
Advantages
Disadvantages
Advantages
right or obligation to buy back the asset at a specified price on a given date.
2. You specify the duration of the investment and which gives you the
5. Confirmations and advices are sent quickly so you can keep track of
your investments.
6. No management fees.
these are common stock and preferred stock. Common stock holders are
company and are guaranteed fixed rate on dividend payments. Stocks were
chosen for my client because she is young and is able to make money if she
holds the stocks for a long period. Stocks are even at a low now because of
Advantages
6. The right to a proportional share of any value remaining after all other
claimants has been satisfied, particularly in bankruptcy.
1. Although the prices of the stocks can go down in which case you will
lose a lot of money.
in 1889 and since then, has maintained a strong and stable reputation. Their
records have being showing consecutive increases for over a decade. BNS
BNS financial records has indicated that total assets has increased from
J$77.7 billion in 1999 to J$280.2billion in 2008 and earnings per shares also
indicate a steady climb over the past five year period. In June of this year,
the company reported net income of $2,844 million on net interest income of
The world standard for expense control productivity ratio (a measure of cost
and effectiveness) is 60%, the bank’s ratio for 2007 was 63.15%, and
controlling expenses.
This is $0.1213 per stock units. This was paid on preference stocks for the
In the year 1970, Jamaica opened its door to the first life insurance company,
Life of Jamaica, now called, Sagicor Life Jamaica Limited. It was also the first
Caribbean life insurance industry. The company has been the market leader
Policyholders and team members of Sagicor Jamaica are comforted that the
company continues to perform well with record profits over the past seven
The chart below shows dividend paid over a five years in dollars.
the three months ended March 31st 2009, despite a business environment
US $20.0 million for the same quarter last year. When one excludes the gain
on acquisition of US $5.1 million from the 2008 revenue, the 2009 results
represent a growth of 19.0% over the same period in 2008. Net income
share for the three months totaled US $3.8 cents and the annualized return
Jamaica today.
On June 23, they became the seventh commercial bank to operate in the
savings and chequing accounts and more. PCFS is well capitalized, has a
strong income growth and a strong net worth coverage which is far superior
Pan Caribbean was ranked a first place stockbroker since they traded 20.5%
of the market in 2008, up from 13.0% in the previous year and has realized
increased earnings for each quarter of this year, registering an all time high
In 2008, Pan Caribbean reported Net Income of $606 Million, that is, EPS of
$1.11 for a six-month period ended June 30. That is 11% above the previous
year which was $546 Million. Net Income for the second quarter was $352
Million, up 32% when compared to the $267 Million which was reported for
For the six-month period, Net Interest Income advanced by 19% to $952
versus $401 Million in 2007, due largely to a fall in fixed income trading
Below are graphs showing their dividend paid in J$ and their earnings per
share over the past five years. Both graphs have shown a steady increase,
indicating that they are a steady slow grower.
National Commercial Bank
and is a strong and secure organization with its capital base being one of the
1837.
For the year 2008, NCBJ reported net profit of $7.34Bn (EPS: $2.98) for the
first nine months in their financial year, this is 8.6% more than what was
recorded for the same period last year. Since March of this year, they are in
the #one position in loan growth which surpassed the industry growth of
33% to record a net loan growth of 41% over 2008. Their net loans to total
asset ratio has improved from 25.41% at June 2008 to 28.57% at June 2009.
NCB’s performance for nine months ended June 2009 compared to same
period last year: Net Profit of $7,340 million, grew by $583 million or 9% ;
vs. 51.0%; Risk-Based Capital Ratio of 13.66% vs.14.09%; Net Loans of $89.0
Return on Average Equity was 28.37% vs. 29.54% and Return on Average
The graphs below shows NCB’s EPS and dividend paid over a five year
period.
Summary on Investments
for the period August 17 – November 12, 2009
For the investment period August 17, 2009 – November 12, 2009, Ms.
selected stocks.
In the stock market all for four stocks stood ground. There is potential for
financial market.