Mayberry Investments one of the Major shareholders in Access Financial Services purchased a total of 145,600 shares in the company during the period June 10-24, 2014. Access Financial Services advised the Jamaica Stock Exchange that a related party to purchase the shares. A check on the trades indicates that they were all bought by Mayberry for in house purposes. Mayberry bought another 67,400 units from two of its clients, on Monday June 30 at $13.50. The purchase of the shares comes against the background of legal action being pursued by the two a major shareholders of the company which was brought by Marcus James the Chief Executive Officer (CEO) against the directors connected with Mayberry to restrain them from removing him as CEO.
Sagicor Group| An executive purchased 257,780 shares of Sagicor Group under the company’s Executive Long Term Incentive Scheme on June 23, 2014. Both companies recently reported the trades to the stock exchange.
Mayberry ups holdings in Access
More Insider trades
A senior manager of Scotia Group Jamaica acquired 9,284 of he group's shares under the group’s Employee Share Ownership Plan on February 19, 2014 and an Executive of Sagicor Group purchased 400,000 shares under the Executive Long Term Incentive Scheme on June 16, the companies informed the Jamaica Stock Exchange recently.
Trinidad’s Neal & Massy Holdings informed the Trinidad & Tobago Stock Exchange that on June 6, 2014 a Director sold 13,563 of the company’s shares.
Sagicor and NCB inside trades
Inside trades continue for companies on the Jamaica Stock Exchange, the latest such trades are in two of the country’s largest companies and may well be indicative of the short term fortunes of both entities, with six months results for NCB suggesting a good year for them while Sagicor Group could get hit with the acquisition of loss making RBC Royal Bank Jamaican operation that could negatively affect the groups results for the second half of 2014.AIC (Barbados) Limited purchased 2,400,000 National Commercial Bank shares on June 18, this year and an Executive of Sagicor Group sold 1,200,000 of the group’s shares under the Executive Long Term Incentive Scheme during on June 18, 2014 a release from the companies to the Jamaican Stock Exchange stated.
On June 17, a senior manager also sold 1,820,000 shares of Sagicor Group under the group’s Executive Long Term Incentive Scheme.
Inside trades at Sagicor & General Accident
Inside trades – Director buys into D&G
Trade by insiders can be a good indicator about the future prospects of a company’s performance but not every inside trade will be informative and can be relied on. The latest insider trades include a relative big purchase that of 1,971,000 Desnoes & Geddes shares by a Director of the company that was carried out on June 13, 2014.
An Executive of Scotia Group purchased 239,106 shares under the company’s Executive Long Term Incentive Scheme on June 9, 2014 for settlement on June 12, 2014. Over at Pan-Jam Investment Trust a Director purchased 10,000 Pan-Jamaican Trust shares on June 10, 2014.
Sagicor Group shares purchase
Sagicor Group advised the Jamaica Stock Exchange that an Executive purchased 1,061,291 shares under the Executive Long Term Incentive Scheme on May 22, 2014
A senior manager purchased 254,705 National Commercial Bank shares on May 9, 2014 and a director purchased 10,000 shares on April 25, 2014, the bank advised the Jamaica Stock Exchange while the exchange was also advised that a director purchased 574,651 Jamaica Broilers Group shares on March 28, 2014.
