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Michael Anderson

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‘Tax on society’: 75% of workers have no pension

Bahamians face paying “another tax on society” to support the near-75 percent of workers not covered by an employer-sponsored pension plan, a leading investment banker has warned.

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BISX-listed Fund: ‘much changed’ if vacancy cut 50%

A BISX-listed fund’s administrator yesterday said “the picture will be much changed” by year-end 2019 if it succeeds in slashing vacant space at its flagship property by 50 percent.

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Govt told: Go further on minority protection

The Government needs to go further than its Companies Act reforms to truly protect Bahamian minority investors, an investment bank chief urged yesterday.

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BISX-listed Fund targeting $1m Financial Centre boost

The BISX-listed Bahamas Property Fund is “looking to grow again” in 2019 through potential acquisitions and rental prospects following a $1.232m “bottom line” turnaround.

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RoyalFidelity targets 10% asset growth after buyout

RoyalFidelity’s president yesterday said he hopes its management-led buyout will provide a springboard for immediate Caribbean expansion and ten percent assets under management growth.

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‘High expectations’ NAD’s $75m offer is oversubscribed

The Nassau airport operator’s advisers last night said they had “high expectations” its refinancing will be fully or oversubscribed after raising 90 percent of their target within the first two days.

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BISX-listed fund targets 40% profit boost from rental

The BISX-listed Bahamas Property Fund is predicting a 40 percent net profit boost from the $455,000 annual lease of office space that will have been empty for more than one year.Michael Anderson, the Property Fund’s administrator, told Tribune Busine

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Equities to generate 10% returns in 'great year'

The Bahamian stock market will generate a minimum 10 per cent return for investors in 2013, a leading investment banker said yesterday, adding that some listed equities had seen “significant price increases” of up to 69.5 per cent year-over-year.

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BISX-listed fund targets 50% cut to vacancy rates

The BISX-listed Bahamas Property Fund is aiming to slash vacancy rates by around 50 per cent at both its flagship properties over the next two years, after seeing its net income for the first nine months last year fall 28 per cent.

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Markets await $150m in capital raisings

With more than $150 million worth of finance raisings set to come to market next year, a leading investment banker yesterday said 2013 could be “the best year ever” for the Bahamian capital markets.

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BISX-listed fundloses '$1m net'on flagship's22% vacancy

The BISX-listed Bahamas Property Fund is losing "in excess of $1 million net " in annual profits due to a 22 per cent vacancy rate at its flagship Bahama

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FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE

By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian

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