Upcoming Dividend • Jul 22
Upcoming dividend of JA$0.35 per share Eligible shareholders must have bought the stock before 29 July 2026. Payment date: 03 September 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Trinidadian or Tobagonian dividend payers (6.6%). Lower than average of industry peers (3.0%). New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Trinidadian or Tobagonian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.4% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.3% net profit margin). Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: JA$0.79 (vs JA$1.80 in FY 2025) Full year 2026 results: EPS: JA$0.79 (down from JA$1.80 in FY 2025). Revenue: JA$24.7b (up 30% from FY 2025). Net income: JA$1.55b (down 56% from FY 2025). Profit margin: 6.3% (down from 19% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jul 31
JMMB Group Limited, Annual General Meeting, Oct 10, 2025 JMMB Group Limited, Annual General Meeting, Oct 10, 2025. Location: in a hybrid format, jamaica pegasus hotel kingston, at 81 knutsford boulevard, kingston 5 jamaica, Jamaica Announcement • Jun 30
JMMB Group Limited Announces Resignation of Garfield Smith as Group Chief Risk Officer, Effective July 31, 2025 JMMB Group Limited (JMMBGL) advised that Mr. Garfield Smith has tendered his resignation as Group Chief Risk Officer, effective July 31, 2025. Garfield has taken the difficult decision to leave his JMMB family to pursue other opportunities. Garfield joined JMMB Group in September 2017 as Credit Risk Manager and rapidly advanced through the ranks, ultimately becoming Group Chief Risk Officer in November 2023. Announcement • Mar 13
Jmmb Group Limited and Jmmb Financial Holdings Limited Announces Retirement of Patricia Dailey-Smith as Director, Effective March 31, 2025 JMMB Group Limited announced that Director, Mrs. Patricia Dailey-Smith, has advised that she will retire from the board of JMMB Group Limited and its subsidiary JMMB Financial Holdings Limited, effective March 31, 2025. Having completed a successful audit career, including over 25 years with KPMG, in roles such as Audit Manager and Audit Partner; Patricia's subsequent role, as a director of JMMB Group Limited and JMMB Financial Holdings Limited, over the past eight years, inured significantly to the growth of organisation. Announcement • Nov 30
JMMB Group Limited Appoints Marie Desouza as Deputy Company Secretary, Effective December 2, 2024 The Board of Directors of JMMB Group Limited has appointed Ms. Marie DeSouza as Deputy Company Secretary, effective December 2, 2024. Marie has been a part of the JMMB family since 2016. With over a decade of experience in the financial services sector, she holds a BSc in Management Studies and an MSc in Human Resource Development from the University of the West Indies (UWI). Additionally, she is certified in Company Secretarial Practice and Share Registration Practice by the Chartered Governance Institute UK & Ireland. Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: JA$1.09 (vs JA$0.35 loss in 2Q 2024) Second quarter 2025 results: EPS: JA$1.09 (up from JA$0.35 loss in 2Q 2024). Revenue: JA$4.28b (down 13% from 2Q 2024). Net income: JA$2.12b (up JA$2.82b from 2Q 2024). Profit margin: 50% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 11
Now 24% overvalued Over the last 90 days, the stock has fallen 16% to TT$1.05. The fair value is estimated to be TT$0.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has grown by 11%. Announcement • Aug 21
JMMB Group Limited, Annual General Meeting, Sep 23, 2024 JMMB Group Limited, Annual General Meeting, Sep 23, 2024. Location: in a hybrid format, at the jamaica pegasus hotel kingston, located at 81 knutsford boulevard, kingston 5 jamaica, Jamaica Announcement • Aug 01
JMMB Group Limited Announces Executive Changes JMMB Group Limited announced that Mr. Avinash Bissessar, Group Chief Investment Officer has tendered his resignation, effective September 18, 2024. Mr. Bissessar has made the difficult decision to leave his JMMB family to explore other opportunities for his personal growth and development The JMMB team wishes Mr. Bissessar all the very best in his new endeavors. Its are grateful for his impeccable and tireless service to JMMB. Paul Gray Group Executive Special Projects, will return to the role of Group Chief Investment Officer on September 18, 2024. Mr. Gray held this role prior to being seconded to Dominican Republic operations, in the capacity Interim Country Head, in January 2017 when needed his blend of leadership skills and experience to support their effective integration into the Group. Announcement • Jul 23
JMMB Group Limited to Report Fiscal Year 2024 Final Results on Aug 20, 2024 JMMB Group Limited announced that they will report fiscal year 2024 final results on Aug 20, 2024 New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Upcoming Dividend • Jun 27
Upcoming dividend of JA$0.25 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 12 August 2024. Payout ratio is a comfortable 2.1% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Trinidadian or Tobagonian dividend payers (4.8%). Lower than average of industry peers (3.9%). Reported Earnings • Jun 21
Full year 2024 earnings released: EPS: JA$5.92 (vs JA$3.15 in FY 2023) Full year 2024 results: EPS: JA$5.92 (up from JA$3.15 in FY 2023). Revenue: JA$20.6b (up 14% from FY 2023). Net income: JA$11.5b (up 87% from FY 2023). Profit margin: 56% (up from 34% in FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • May 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (6.3% average weekly change). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Reported Earnings • Feb 19
Third quarter 2024 earnings released: EPS: JA$7.62 (vs JA$2.03 in 3Q 2023) Third quarter 2024 results: EPS: JA$7.62 (up from JA$2.03 in 3Q 2023). Revenue: JA$5.21b (down 7.9% from 3Q 2023). Net income: JA$14.9b (up 275% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jan 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Trinidadian or Tobagonian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to TT$1.60, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 8x in the Capital Markets industry in South America. Total loss to shareholders of 16% over the past three years. Announcement • Jan 05
JMMB Group Limited Announces Appointment of Mr. Shawn Moses as Country CEO for JMMB Group’S Trinidad and Tobago Operations JMMB Group Limited announced Mr. Shawn Moses was appointed as Country CEO for JMMB Group’s Trinidad and Tobago Operations, effective January 2, 2024. In this role he will have strategic and operational oversight for the JMMB Group Limited’s Trinidad and Tobago subsidiaries, namely; Jamaica Money Market Brokers (Trinidad and Tobago) Limited and its subsidiaries which are JMMB Bank (T&T) Limited and its subsidiary JMMB Express Finance (T&T) Limited and JMMB Investments (Trinidad and Tobago) Limited and its subsidiary JMMB Securities (T&T) Limited.Mr. Moses maintains his role as CEO of JMMB Bank (T&T) Limited. Reported Earnings • Nov 19
Second quarter 2024 earnings released: JA$0.35 loss per share (vs JA$1.01 loss in 2Q 2023) Second quarter 2024 results: JA$0.35 loss per share (improved from JA$1.01 loss in 2Q 2023). Revenue: JA$3.86b (down 17% from 2Q 2023). Net loss: JA$693.0m (loss narrowed 65% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 04
Upcoming dividend of JA$0.25 per share at 1.8% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 4.5% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Trinidadian or Tobagonian dividend payers (5.0%). Lower than average of industry peers (4.8%). Reported Earnings • Aug 20
First quarter 2024 earnings released: EPS: JA$1.28 (vs JA$1.14 loss in 1Q 2023) First quarter 2024 results: EPS: JA$1.28 (up from JA$1.14 loss in 1Q 2023). Revenue: JA$5.43b (up 2.6% from 1Q 2023). Net income: JA$2.50b (up JA$4.74b from 1Q 2023). Profit margin: 46% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. New Risk • Jul 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.4% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (30% net profit margin). Reported Earnings • Jul 12
Full year 2023 earnings released: EPS: JA$3.15 (vs JA$5.85 in FY 2022) Full year 2023 results: EPS: JA$3.15 (down from JA$5.85 in FY 2022). Revenue: JA$20.2b (down 11% from FY 2022). Net income: JA$6.17b (down 46% from FY 2022). Profit margin: 31% (down from 50% in FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JA$0.79 (vs JA$1.75 in 2Q 2022) Second quarter 2023 results: EPS: JA$0.79 (down from JA$1.75 in 2Q 2022). Revenue: JA$5.10b (down 18% from 2Q 2022). Net income: JA$1.55b (down 55% from 2Q 2022). Profit margin: 30% (down from 55% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: JA$5.85 (vs JA$3.84 in FY 2021) Full year 2022 results: EPS: JA$5.85 (up from JA$3.84 in FY 2021). Revenue: JA$22.8b (up 19% from FY 2021). Net income: JA$11.4b (up 52% from FY 2021). Profit margin: 50% (up from 39% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 01
Upcoming dividend of JA$0.25 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 11 July 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Trinidadian or Tobagonian dividend payers (4.6%). Lower than average of industry peers (5.8%). Reported Earnings • Feb 21
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JA$1.61 (up from JA$0.77 in 3Q 2021). Revenue: JA$7.74b (up 47% from 3Q 2021). Net income: JA$3.15b (up 108% from 3Q 2021). Profit margin: 41% (up from 29% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 02
Upcoming dividend of JA$0.25 per share Eligible shareholders must have bought the stock before 09 December 2021. Payment date: 07 January 2022. Trailing yield: 2.2%. Lower than top quartile of Trinidadian or Tobagonian dividend payers (3.4%). Lower than average of industry peers (5.7%). Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JA$1.75 (vs JA$0.80 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JA$5.96b (up 14% from 2Q 2021). Net income: JA$3.42b (up 118% from 2Q 2021). Profit margin: 57% (up from 30% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Executive Departure • Aug 05
CEO & Chief Country Officer of JMMB Bank (T&T) Ltd. Ronald Carter has left the company On the 31st of July, Ronald Carter's tenure as CEO & Chief Country Officer of JMMB Bank (T&T) Ltd. ended. We don't have any record of a personal shareholding under Ronald's name. Ronald is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.58 years. Executive Departure • Aug 05
CEO & Chief Country Officer of JMMB Bank (T&T) Ltd. Ronald Carter has left the company On the 31st of July, Ronald Carter's tenure as CEO & Chief Country Officer of JMMB Bank (T&T) Ltd. ended. We don't have any record of a personal shareholding under Ronald's name. Ronald is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.58 years. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS JA$3.84 (vs JA$4.00 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JA$20.7b (up 10% from FY 2020). Net income: JA$7.51b (up 7.3% from FY 2020). Profit margin: 36% (down from 37% in FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS JA$0.77 (vs JA$0.69 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JA$5.25b (up 6.0% from 3Q 2020). Net income: JA$1.51b (up 26% from 3Q 2020). Profit margin: 29% (up from 24% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 15
New 90-day high: TT$1.90 The company is up 3.0% from its price of TT$1.84 on 16 September 2020. The Trinidadian or Tobagonian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is flat over the same period. Reported Earnings • Nov 19
Second quarter 2021 earnings released: EPS JA$0.80 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JA$5.25b (up 3.3% from 2Q 2020). Net income: JA$1.57b (down 2.7% from 2Q 2020). Profit margin: 30% (down from 32% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 23
New 90-day low: TT$1.70 The company is down 15% from its price of TT$2.00 on 25 June 2020. The Trinidadian or Tobagonian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 4.0% over the same period.