Taking Stock LIVE - Jam Teas Spinoff Coming?

Shareholders of Jamaican Teas are to consider a spin off of the company's manufacturing business. The decision is set for an Extraordinary General Meeting on October 27. The new company would potentially do an IPO list on the Jamaica Stock Exchange. Since the announcement, JamTeas stock price has gained nearly 20 percent. We'll discuss with Chairman of Jamaican Teas, John Jackson. And we'll also ask him about another company he chairs, QWI Investments. They're finally turning things around, with a net profit increase of J$334 mil for the 9 months ending June 2021 compared to a net loss of J$461 mil for the same period a year earlier. And THE ANALYSTS weigh in on the latest market developments…. Express Catering is reporting its biggest quarterly increase since the start of the year. And in the U.S., the Dow Jones Industrial Average dropped 500 points as Wall Street wrapped up its worst month of the year. We’ll discuss.This and more on Taking Stock… the Caribbean’s number one business show! With me Kalilah Reynolds, three time business journalist of the year! Catch new episodes of Taking Stock every Tuesday at 8pm on YouTube, kalilahreynolds.com, and all your favourite podcast platforms LET’S GET THIS MONEY!