Offices of Pan-Jam on Knutsford Boulevard.
ESSENTIALLY A holding company, Pan Jamaican Investment (PanJam) is diversified across property management, insurance, and banking and trading.
It is now primarily dependent on First Jamaica Investments (FJI) that has 25 per cent interest in Life of Jamaica (LoJ) - the single largest, most profitable local life insurance provider. LoJ also boasts 51 per cent equity stake in Pan Caribbean Financial Services (PCFS), which is major local banking entity commanding billions in assets under management.
FJI also operates Jamaica Property Company that owns prime real estate holdings in Kingston. In addition, Pan Jam holds 20.83 per cent in Hardware and Lumber - the largest trading company on the island.
Within the PJAM, FJI, PCFS, and LoJ Group, PJAM appears to be the ideal choice because it has fewer shares to service.
Likewise, it is the 'catchment' stock' as all benefits accruing to each of these entities eventually make their way to PanJam's books.
Importantly also, with a significantly simplified operation, Pan Jam is expected to become a high dividend paying company.
