• For the year ended September 2019, Eppley Caribbean Property Fund reported an unaudited net profit of BBD$4.05Mn (EPS: $0.06), a full recovery from the BBD$739.33K loss (EPS: $-0.01) reported one year prior.
• The performance was attributable to total investment income which increased from BBD$612.54K in 2018 to BBD$7.16Mn in 2019. This was supported by a fair value gain of BBD$2.15Mn which is a reversal from the BBD$2.38Mn loss reported in the previous year. Furthermore, rental income increased 18.4% (or BBD$279.42Mn) to BBD$1.84Mn, year-on-year, while the share of profit from investments in joint ventures increased by 88.6% (or BBD$1.38Mn) to BBD$2.95Mn, year-on-year.
• The stock has declined by 20.7% since listing on the JSE, closing yesterday’s trading session at $36.62 per share. At this price, the stock currently trades at a discount of 33% to its September 30, 2019 book value per share. 

 (Source: Eppley Financials)

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• For the nine-month period ended July 31, 2019, The Limners and Bards (The LAB) Limited reported an increase in net profit of 17.3% to finish the period at $69.81Mn up from $59.51Mn for the corresponding period in 2018.
• Operating revenues increased by 24.3% (or $94.99Mn) which was the main contributor to the increased net profit. The growth in operating revenues can be attributed to increases in the company’s core business, production (up to $69.60Mn or 113.0%) and media (up to $30.20Mn or 15%).
• The stock has risen 202.0% since listing and closed yesterday’s trading session at $3.02. At this price the stock currently trades at a P/E of 33.33x which is above the Junior Market average of 29.30x.

(Source: LAB Financials)