Market News

PROVEN Wealth Signs Mou For Project With Bahamas Housing Minister & Simplified Lending

Yesterday at a press conference at the Office of the Prime Minister of the Commonwealth of Bahamas, PROVEN Wealth Limited (PROVEN Wealth/PWL), the wealth management subsidiary of PROVEN Investments Limited (PROVEN/PIL), along with Simplified Lending Limited (“Simplified Lending”), signed a Memorandum of Understanding with the Government of The Bahamas; in arranging a B$20M transaction for Continue Reading

PROVEN Charged to move Performance Up – First Quarter Up 36%

The focus for maintaining an upward performance trajectory was made for the new financial year; and in keeping with this, PROVEN Investments Limited has started the pace with an admirable first quarter net profit results standing at 36% when compared to the same period last year. “Our teams across all our businesses are extremely focused Continue Reading

PROVEN UP 23% in Net Profit

PROVEN Investments Limited (PIL) delivering on its philosophy of preserving the capital of its shareholders; has for its financial year ended March 31, 2019 recorded a very good performance with double-digit growth in profitability, seeing Net Profit attributable to shareholders of US$6.97 million.  This demonstrates sustainable growth representing a 23% increase from US$5.68 million over Continue Reading

PROVEN projects strong profit growth from JMMB investment

Proven Investments Limited, PIL, is projecting significant profit growth this year when its investment in financial conglomerate JMMB Group would be fully factored into its financials. JMMB contributed US$1.3 million to Proven’s bottom line for the period ending March 2019. “So JMMB at last year’s run rate would give nearly US$6 million,” said Christopher Williams, Continue Reading

PROVEN Wealth ltd partners with Mayberry Investment ltd as Selling Agent for Wigton Windfarm Limited’s IPO

Brokerage firm Mayberry Investments Limited has invited all brokers in Jamaica to participate in the Wigton Windfarm Limited’s (Wigton) initial public offering (IPO) by becoming selling agents to the public. The highly anticipated IPO is expected to be listed on the Jamaica Stock Exchange (JSE) by April 2019. Director of Investment Banking at Mayberry, Tania Waldron-Gooden, disclosed Continue Reading