Prime Minister Hubert Ingraham has lifted the restriction prohibiting foreign investments in restaurants or entertainment facilities, and increased the minimum dollar requirement for direct foreign investment.
The $62.5 million Commonwealth Brewery Limited initial public offering (IPO) will most likely be undersubscribed, but the offer will not be extended further to the general investing public.
The Marley Resort remains closed after seven months in what was originally planned as a six-week partial closure, but the resort may soon reopen with a two-year lease to new investors.
Commonwealth Brewery’s (CB) 100 percent dividend policy may be an incentive to many investors to participate in its initial public offering (IPO), but it has come under scrutiny in regards to whether or not such a policy is sustainable.
Top Bahamian investment bankers have joined the chorus calling for enhanced protection for minority shareholders after a financial expert said he received “shabby treatment” from Galleria Cinemas.
Heading into the final five days of the Commonwealth Brewery Limited (CB) initial public offering (IPO), only $38 million, or around 60 percent of the offer, was confirmed.
A leading investment banker has said that the Bahamian capital markets are still “far away from where we need to be”.
Borrowing to buy stock, paying interest rates almost twice the rate of the stock’s dividend yield, seems like an idea out of Bernie Madoff’s playbook.
Prime Minister Hubert Ingraham, is leading a high-level delegation on an investment promotion mission to Canada.