JSE Roundup: Executive Changes at LASF and CARBROKERS; SVL and Seprod Declare Dividends

  • LASCO Financial Services Limited (LASF) has announced the appointment of Mrs Sharlene Williams as the company's new Managing Director, which took effect on January 1, 2026.
  • In another executive change, Caribbean Assurance Brokers Limited (CARBROKERS) advised of the resignation of its Senior Manager of Employee Benefits, Ms. Michelle Harris, effective April 17, 2026. The company noted that the responsibilities of the Employee Benefits role continue to be managed seamlessly within the existing management structure while arrangements for the appointment of a successor are being finalised.
  • Turning to shareholder returns, Supreme Ventures Limited (SVL) and Seprod Limited declared interim ordinary dividends.
  • SVL declared that a dividend of 22.89 cents per stock unit will be payable on Thursday, July 2, 2026, to all shareholders on record as of Thursday, May 7, 2026. The increase, which is 31.6% higher than the 17.39 cents paid around the same time last year, should contribute to a dividend yield of 5.6% using SVL’s $16.08 share price as of April 28, 2026, and dividends declared over the last 12 months. This, coupled with news of a 35.9% increase in Q1 earnings, could support increased demand for SVL shares.
  • Meanwhile, Seprod declared a dividend payment of 605 cents per share to shareholders on record as at May 15, 2026. The payment, which will be on June 5, 2026, is on par with the amount paid at the same time last year. This declaration, plus other dividends declared over the last 12 months, contributes to a 2.3% dividend yield at its current price of $78.30.
  • Year to date, SVL (-6.9%), Seprod (-6.7%) and LASF (-6.7%) saw their share prices decline, while CARBROKERS appreciated by 7.5%. LASF and CARBROKERS traded at P/Bs of 0.89x and 0.95x, respectively, which is above the 0.86x financial sector peer average. Meanwhile, SVL traded at a P/E of 20.82x, which is below the 25.00x media and entertainment peer average. Lastly, Seprod trades at a P/E of 16.04x, which is below the manufacturing and distribution sector average of 18.04x. All else equal, a multiple below peer averages suggests that the stock is trading at a discount, but it would depend on future growth expectations or business risk.

(Sources: JSE & NCBCM Research)