Jamaica Stock Exchange (JSE) performance continues to lead the global markets by a big margin according to data tracked by Bloomberg Business.
Last year, the JSE was rated as the best performing market in the world. The main market of the local stock exchange, grew 67.5 percent over the past twelve months the JSE index is up 38 percent for the first seven months of this year. The nearest rival is Argentina Merval TR Index, up 43 percent and 37 percent over the same periods. Brazil Ibovespa Brasil Sao Paulo Stock Exchange Index chips in at 33 percent for the last twelve months and 17 percent for 2019 to date.
The next best performance half a world away from the west, with New Zealand X20 Index coming in with 29 percent for the twelve months period and 25 percent for 2019 to date.
The data shows that the vast majority of markets are having a tough time with many of them suffering declines.
Liberty Global strikes C&WC Plc deal
November 16, 2015 by
Cable & Wireless HQ
John Malone’s Liberty Global Plc agreed to buy Cable & Wireless Communications Plc in a cash-and-stock transaction valued at 3.5 billion pounds ($5.3 billion). Including the Special Dividend, the transaction values CWC at approximately $8.2 billion, including debt CWC Plc said in a release on the deal. The transaction is expected to complete by the calendar second quarter of 2016.
“The deal represents a multiple of 10.7 times Cable & Wireless Communications’ adjusted annual earnings before interest, depreciation, taxes and amortization, (EBITDA) after taking into consideration cost synergies, according to a statement. Cable & Wireless’ shareholders will get a special 3 pence a share dividend at the deal’s close,” Bloomberg Business reported.
The report did not indicate what is planned with the Jamaican company Cable & Wireless Jamaica with nearly 20 percent minority ownership. IC Insider.com Has earlier suggested that the local operation could be valued around $3 using (EBITDA) measure.
