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It is with profound sadness and spirit of gratefulness that all of us in the JMP Securities family offer our heartfelt condolences to the family of Grand Chief Sir Michael Thomas Somare, the founding father of Our Great Nation!

Many of the mistakes investors make are based on common sense rules of thumb that turn out to be wrong.

We are pleased to advise that both conditions have been satisfied. Consequently, BSP Capital has commenced to transition the broking business to the new owners’ premises. We expect the transition to be completed by end of April 2020.

The decision to sell the stockbroking business is in line with a change in BSP Capital Limited’s strategic direction and the company’s decision to focus on expanding its Funds Management and Capital Advisory businesses.