Dec 2007 Financial News

JMMB Half Year Update

Dec 17, 2007

Jamaica Money Market Brokers Limited
(Half Year Ended September 30, 2007)
All figures quoted in Jamaica Dollars unless otherwise stated

Jamaica Money Market Brokers Limited (JMMB) for the Half Year Ended September 30, 2007 reported Earnings Per Share (EPS) of 38 cents, up 15.15 per cent or 5 cents on the same period in FY07.

An interim dividend of 11 cents will be paid on December 14, 2007 to shareholders on record as at November 30, 2007.

The shares of JMMB last closed at a price of TT$0.94 on the local market. At the current price and our forecasted EPS for FY08 of TT$0.08 (JMD0.89), these shares are trading at a P/E multiple of 11.75 times. At this time, we continue to recommend a SELL on this share.

Nancy Chen
Research Analyst