Desnoes and Geddes (DG) is undertaking lots of changes in it’s operation, that should help reduce cost and push up the bottom-line. Reduction in energy, partial switch from imported malt to the use of locally grown cassava, upgrading of the brewery to reduce operational cost and the eyeing of new markets, are all some of the things the brewing company is doing, that should transform its financial fortunes.
IC Insider’s forecast for the current year, is for profits to hit 90 cents per share and $1.20, the following year.
The directors have bought into the prospects of increased fortunes down the road for the company. Accordingly, D&G advised the Jamaica Stock Exchange that a Director purchased 2,270,000 of the company’s shares on October 9, 2014, on October 10, a director purchased 41,000 shares and on October 8 and 9, a director purchased a total of 251,147 shares.
Prior to these purchases directors also purchased 857,650 shares in September. On June 13, there was a sizeable purchase of 1,971,000 shares by a Director, with smaller amounts being bought between then and the September purchases.
More directors’ buying of D&G shares
October 16, 2014 by
