Sunday, 12 July 2015

2015 HERO CARIBBEAN PREMIER LEAGUE – MATCH REPORT 21 ( - Barbados Tridents (146-7) beat Jamaica Tallawahs (129-7) by 17 runs )


Saturday 11th July – Kingston, Jamaica



A star performance from Barbados Tridents captain Kieron Pollard with bat, ball and in the field helped to deny the Appleton Estate Jamaica Tallawahs the chance to replace their opponents at the top of the Hero Caribbean Premier League table in front of a sell-out crowd at Sabina Park.

Krishmar Santokie, the leading wicket-taker in this year’s Hero CPL, opened up the bowling for the Tallawahs with a typically accurate and economical over. Dilshan Munaweera plundered Daniel Vettori for 12 runs, first coming down the wicket to smash the Kiwi spinner over wide long on before driving over cover for four. Not to be outdone by his partner, Dwayne Smith latched onto a ball that Santokie overpitched and chipped it powerfully for six.

The breakthrough for the Tallawahs came off Jerome Taylor’s first ball. His extra pace and bounce was too much for Munaweera, who popped an easy catch to, fellow Sri Lankan, Mahela Jayawardene and departed for 18 off 14 balls.

After the wicket, Taylor and then Rusty Theron started to put the squeeze on the new batsman Jonathan Carter to restrict the Tridents to 34-1 in the Powerplay. The pressure told again when Carter (six off 14 balls) pulled Rusty Theron straight to Chris Lynn on the deep square leg boundary.

Tridents captain Kieron Pollard joined Smith at the crease, and together they looked to rebuild the innings. Smith broke the shackles somewhat as the halfway stage approached, cutting Vettori for the Tridents’ first boundary in six overs.

Just as things were looking up for the Tridents, a terrible mix-up and an incredible throw from Santokie in the deep combined to break the partnership with a run out that left Smith heading for the dugout at 27 off 25.

Vettori then removed Misbah-ul-Haq for a disappointing three ball duck with a flighted delivery that induced a thick edge to the keeper. Pollard had a let-off shortly after when a top edge just evaded the leaping Walton behind the stumps.

Jason Holder struck some fine boundaries in a cameo of 26 from 22, but Pollard took the lead in the Tridents’ final assault with a ramp over long leg and then a six and a four off consecutive balls from Krishmar Santokie.

Pollard had another life when Jermaine Blackwood took the ball only for it to bounce out of his hand when his elbow hit the ground. Rain then interrupted the game for about an hour and broke up the Tridents’ momentum: Andre Russell knocked out Jason Holder’s stumps with the first ball after the restart.

Two balls later Russell had another victim when Navin Stewart heaved the ball to Daniel Vettori, but Russell was down on the floor when he was struck on the leg by a powerful drive from Kieron Pollard in his follow-through. He bravely completed his over before limping off for treatment.

A chaotic and exciting final over saw Pollard reach his half-century off 35 balls, and take his side to a competitive 146-7 with a last-ball maximum over the wide-midwicket boundary.

Tallawahs captain Chris Gayle started in ominous fashion, top-edging a massive six off the bowling of Jason Holder. It was not to be his night however, as he smacked a powerful drive to extra cover. Australian batsman Chris Lynn started brightly, but perished to a soft dismissal when Pollard brought Robin Peterson on to bowl, chopping onto his stumps for 13 off seven.

Pollard then moved himself to silly point and, sure enough, Mahela Jayawardene popped the first ball to him where he took a stunning reflex catch. Peterson claimed his third wicket in the over when Blackwood was bowled playing for turn that wasn’t there.

After losing four wickets in the Powerplay, the Tallawahs looked to rebuild through Walton and Bonner, but the Tridents continued to pile on the pressure and they needed nearly eight an over from the final ten.

The pair looked to be taking the match close into the final overs, but Rayad Emrit managed to sneak one through Chadwick Walton’s defences to end his anchoring innings of 46 off 45 deliveries.

Andre Russell is known for occasionally pulling off impossible run-chases, but tonight was not his night. He smashed 15 off 10 balls before Pollard once again got involved and held onto a skier at the third attempt. Jason Holder held his nerve in the last over to close out a memorable 17–run win and extend their lead at the top of the Hero CPL.

2015 HERO CARIBBEAN PREMIER LEAGUE – MATCH REPORT 19 ( - St Kitts and Nevis Patriots (170-8) beat St Lucia Zouks (144-9) by 26 runs )


Friday 10th July – Basseterre, St Kitts



The St Kitts and Nevis Patriots defeated the St Lucia Zouks in the Hero Caribbean Premier League to move to second in the table leaving themselves well placed to progress to the business end of the event in their first year as a franchise. An all-round effort saw them post 170-8 even in the face of a brilliant spell from the Zouks’ Nathan McCullum who recorded figures of 4-22.

The Zouks could not find a way to reach the required total with only Andre Fletcher making a contribution of note as the young wicketkeeper-batsman regained his spot at the top of the list of run scorers at this season’s CPL.  

The Zouks bowling performance began well enough. Opening the bowling Fidel Edwards should have dismissed Evin Lewis in the first over when the left-handed opener attempted a slog only to catch the leading edge and the ball ballooned toward third man. A relatively simple chance was put down, but it didn’t prove too costly as Lewis was dismissed in the very next over when he was caught by Johnson Charles in the slips off Shannon Gabriel for three runs from eight balls.

Shane Dowrich got the Patriots innings going inside the Powerplay when he hit four consecutive boundaries off Kemar Roach including a Hero Maximum that was sliced over the third man boundary. His 38 (20) injected real impetus into this St Kitts and Nevis innings but he could not go on to make a really significant score, instead dismissed by Nathan McCullum when a swipe was well caught at mid-wicket.

It was one of those rare occasions where Marlon Samuels did not make a score of note, he too falling to McCullum’s wily off-spin for just five runs. He attempted a pull shot but his timing was off and Roach took an excellent low catch to dismiss the Patriots skipper.

While all of the wickets had been falling at the other end, New Zealand opener Martin Guptill was playing the anchor role that has become his own at this year’s event, but has so often been the case he fell once he had a start. Guptill is the Patriots’ second highest run scorer but has only past fifty once in eight innings. This time he was dismissed by spinner Kieron Cottoy who was playing in his first match of this season’s CPL. He got Guptill with a ball that turned past the batsman’s edge to have him stumped for 35.

The theme of this Patriots innings was batsmen getting in and then getting out again, with the 38 made by Dowrich the highest score. Despite no one batsman making a really telling contribution they still managed to reach 170-8 off their 20 overs with the Zouks unable to find control despite their wicket taking and the excellence of McCullum.

The Zouks appeared to be cruising to this target inside their Powerplay as the hugely successful opening partnership of Andre Fletcher and Johnson Charles put on 49 runs in under five overs, but it was Fletcher that did all of the work. Charles had made just seven when a slog the ball in the air off Sohail Tanvir was caught at mid-on.

Fletcher regained his spot as the tournament’s leading run scorer as he blasted his way to 59 off 43 balls but none of the Zouks could support his efforts. Captain Pietersen was the next man to go when he holed out in the deep off Carlos Brathwaite for 12. Ross Taylor fell to the same bowler in his next over when he was brilliantly caught by Samuels at backward point having made just three.

A short rain delay gave the Zouks a chance to regroup but once they got back on they lost Fletcher who departed to the bowling of Jomel Warrican, who was making his T20 debut. Fletcher attempted to clear the long on fence only to be caught by Raymon Reifer.

From that point onwards it became a procession of Zouks wickets as the St Lucian side found it impossible to keep up with the required rate. The next highest score after Fletcher’s 59 was the 16 made by Henry Davids.

This win lifts the Patriots to second in the table, level on points with the Barbados Tridents but behind them on net run rate as the race for qualification for the knockout stages of the CPL gets very tight. For the Zouks this is their second defeat in a row and they are in need of a turnaround in fortunes to keep pace with the leaders. 

Friday, 10 July 2015

HERO CPL FAN TAKES CATCH TO WIN US $1000! ( - Private Javed Fisher claims one handed catch and could now win US $1million )


Wednesday 8th July – Kingston, Jamaica



Private Javed Fisher, of the Jamaica Defense Force, is today US$1,000 richer, thanks to the Hero Caribbean Premier League’s Catch a Million promotion, in association with Guardian Group.

Private Fisher, a fast bowler with the JDF Cricket Club, caught a Chadwick Walton six one-handed at Sabina Park during last night’s match between the Appleton Estate Jamaica Tallawahs and St Lucia Zouks. As well as winning US $1,000, Private Fisher also has the chance to win a trip to Trinidad for the Hero CPL final, and if he repeats the feat at the Queen’s Park Oval, he will win US $1million!

Damien O’Donohoe, Chief Executive Officer, Hero CPL, said: “We’ve had a lot of near misses so it’s great to have a successful one-handed catch in the crowd. We’re delighted for Private Fisher – you can tell he’s a good cricketer because he made the catch look so easy! We wish him the best of luck as he tries to progress to Trinidad for the final.”

Larry Olton, Group VP Integrated Marketing Communications, Guardian Group, said: “Last night’s match between the Tallawahs and Zouks presented multiple exciting opportunities for a spectator to take a US$1000 catch and Guardian Group congratulates Private Fisher and wishes him the best of luck as we move to the final in Trinidad and the chance to win up to US$1million.”

The first person to take a catch one-handed at every CPL match this year will win US $1,000. The public will vote on the best catches online at CPL’s official Facebook page (https://www.facebook.com/CarnivalT20) to decide who makes the trip to Trinidad.  In the CPL countries where there is no one-handed catch, fans can still register at www.myguardiangroup.com for a chance to win the trip to the Hero CPL Final.

There have been 198 sixes in the tournament so far, and there are bound to be plenty more opportunities for fans at the upcoming matches in Jamaica, St Kitts and Nevis, Guyana and Trinidad and Tobago to win some serious cash.

ENDS

ABOUT THE HERO CARIBBEAN PREMIER LEAGUE

The Hero Caribbean Premier League is a franchise-based T20 format cricket tournament that combines two of the most compelling aspects of Caribbean life – dramatic cricket and a vibrant Carnival atmosphere.  The Barbados Tridents are the defending champions from 2014.

Monday, 6 July 2015

HERO CPL ALL-STAR CHARITY GAME RAISES $10,000 (US) FOR EDUCATION CHARITY IN ST KITTS AND NEVIS ( - Star-studded match marked the pinnacle of celebrations in St. Kitts and Nevis )


Sunday, 5th July - Basseterre, St Kitts and Nevis



The Hero Caribbean Premier League (CPL) has announced that the All-Star charity cricket match, which featured greats of the game like Sir Viv Richards and Brian Lara alongside celebrities, politicians and upcoming CPL players, raised $10,000 (US) for the St Kitts-Nevis National Education Foundation (SKNNEF).

SKNNEF is a non-profit organization that seeks to provide deserving disadvantaged students with an opportunity to receive an excellent education. The Foundation's goal is to award 30 scholarships to disadvantaged students in the Federation and today’s donation will make a vital impact in helping them reach that goal.

The match took place at Warner Park, St Kitts on Thursday, July 2nd between the Prime Minister of St Kitts and Nevis XI and Sir Vivian Richards XI - proving a huge success with fans and players alike. The many memorable moments from the evening included, Manchester United legend, Dwight York dismissing record breaking batsman (and his close friend) Brian Lara, along with Sir Viv Richards walking out to bat in front of an electrified crowd.

The match marked the pinnacle of an exhilarating two weeks in St. Kitts and Nevis, with Warner Park hosting ten Hero CPL matches from 30th June - 11th July. The game boasted a stellar list of all-star names, including former English fast-bowler Darren Gough; Indian spin legend, Murali Kartik; former West Indies batsman, Daren Ganga; Ashes winning Australian, Damian Martyn; former New Zealand cricketer and sports commentator, Danny Morrison and his fellow commentator and former West Indies paceman, Ian Bishop. These legends were joined by three current CPL coaches; Simon Helmot and Stuart Williams, alongside one of the best West Indies women’s cricketers in the region, Stafanie Taylor.

Damien O’Donohoe, CEO of the Hero Caribbean Premier League commented; “The night proved a massive success - bringing fans, players, legends and supporters together to enjoy the Biggest Party in Sport while raising money for this fantastic cause.  We were joined by some great names from the worlds of cricket and entertainment who made it an unforgettable evening. I’d like to thank everyone who took part for their support and I’m proud that the money raised will have an impact on changing lives for young people in St Kitts and Nevis.”

ENDS

ABOUT THE HERO CARIBBEAN PREMIER LEAGUE

The Hero Caribbean Premier League is a franchise-based T20 format cricket tournament that combines two of the most compelling aspects of Caribbean life – dramatic cricket and a vibrant Carnival atmosphere.  The Barbados Tridents are the defending champions from 2014.

Sunday, 5 July 2015

Hedge funds get busy in JSE stocks

Wednesday, July 01, 2015

The Jamaica Stock Exchange in downtown Kingston.

THERE have been interesting developments over the past approximately six to nine months in the ownership structures of publicly listed companies on the Exchange.

It seemed to commence during the 4th quarter of 2014, but it may have even been earlier. In speaking to international investors or fund managers whose investment analysts or data analysts, or Bloomberg terminals derived the JSE market to be significantly undervalued, it seems a number of overseas domiciled hedge funds or fund managers entered the local market with sizeable positions.

Although I am not old enough to garner information from memory from the 80s or 90s market as accurately, I can recall the 2004 bull run to 2005, and in analysing those lists, we did not have as much depth in overseas ownership as we do now, or volume in overseas ownership. In addition, and on a side note, it does represent positive strides for overseas investors taking positions in our local stock market.

Some of the interesting Fund/ Company names that come to mind are Krohne Fund LP, Milville Opportunities Master Fund LP, Worldwide Opportunity Fund (Cayman) Ltd, Terra Capital Cayman, Neon Liberty Lorikeet Master Fund LP and Frontaura Global Frontier Fund Holdings Ltd.

For the reader, this is public information from the exchange, albeit at a cost, when making or considering your future investments.

In most cases, the investments are, as anticipated, in the more liquid blue chip stocks available on the local exchange.

Investments such as Carreras, given their high return on equity, and NCB, given their lower than sector average price to earnings multiple and high return on equity as well, were popular and remain so.
Holdings viewed as at 30th April 2015 were as follows.

While not including all named LPs/ Funds/ investment vehicles holdings from above, you will get my drift from the list and their focused holdings.

Alex Krohne is a CFA and launched Krohne Fund Partnership in 2004 as a hedge fund primarily to invest in long equity securities using a value approach. Their tagline is, "value investing without borders." In an analysis and commentary in one of his most recent newsletters, Krohne Capital, he commented, "I cannot sell the Jamaican tobacco company Carreras, with a 20 per cent dividend yield, to buy Altria (Philip Morris) yielding 4 per cent."

In his Jamaica trip in December 2014, Krohne comments in his write-up/ blog, "The cigarette market is obviously not a growth market anymore; however, this company is making a killing with a return on equity of 100 per cent."

Terra Partners Asset Management Limited ("TPAM") also drew my attention, which is the manager of Worldwide Opportunity Fund (Cayman) Ltd. The fund is described as an investment fund investing in frontier markets with approximately US$50 million in assets on its home page. The manager is domiciled and regulated in Malta.

In reconciling their investment strategies, two major themes emerge -- price to earnings multiples of five times or less sending signals to their Bloomberg terminals and their focus on companies with a high return on equity.
It is important to recognise the growth in our local market, the number of securities listed, and the old adage that where money is to be made, investors will pay attention. Even more so, in today's world of limited asset classes, the local exchange should not be underestimated regardless of the size/ liquidity of the market as often commented on by local investors as an issue.

In Part II, we will look at the impact of this foreign demand versus local demand in the year-to-date movement of prices analytically, as well as interesting developments in GraceKennedy's ownership list.

Mark Croskery is the Chief Executive Officer of Stocks and Securities Limited (SSL)
SSL focuses on investment management and financial planning for its client investment portfolios, through its registered dealers' representatives with the Financial Services Commission.

2015 HERO CARIBBEAN PREMIER LEAGUE – MATCH REPORT 12 ( - St Lucia Zouks (202-5) beat Barbados Tridents (172-7) by 30 runs )


Friday, 3rd July – Basseterre, St Kitts


After losing to the Barbados Tridents in their last match the St Lucia Zouks got their revenge with a comprehensive victory over the same opposition in the Hero Caribbean Premier League. Andre Fletcher extended his lead as the top run scorer in the tournament and Kevin Pietersen made his first CPL half century as the Zouks scored 202-5 off their 20 overs, the largest total that the St Lucian side have made in their history. The Tridents could never get the required rate under control as they fell to just their second defeat of this year’s event.

Johnson Charles and Andre Fletcher of the Zouks have been the in-form partnership of this year’s CPL and it looked like we were in for more of the same when Charles blasted the third ball of the match for six. Unfortunately for the Zouks there was not another significant opening stand as Charles was dismissed when a delivery from Ravi Rampaul caught a leading edge for the ball to dolly up to Dilshan Munaweera.
 

The wicket did not slow things down as Kevin Pietersen made his highest ever CPL score – finishing with 73 off 39 balls. For once this year it was Fletcher that was playing second fiddle as the Warner Park crowd were treated to some vintage Pietersen.

At the halfway stage of their innings the Zouks had reached 91-1 and were well set to make a very large total. Both Pietersen and Fletcher kept the rate up as they put together a partnership of 138 off 75 balls. The shot of the innings came from Fletcher when he smashed a 109 metre six that went all the way out of Warner Park. The very next ball Fletcher hit a Hero Maximum that was nearly as big as Robin Peterson struggled to find a way to control the Zouks.

Both men seemed to be hitting sixes at will and it came as a surprise when KP didn’t get all of a big shot off Jeevan Mendis, departing to a great catch from Jonathan Carter.

The Tridents were celebrating again one ball later when Mendis dismissed Henry Davids with a brilliant googly that bowled the South African for a golden duck. While those two wickets would have been pleasing for the Tridents their inability to hit the stumps with the numerous run out chances that were on offer was disappointing.

Fletcher was adjudged LBW when on 77 off 50 deliveries to yet another Mendis googly. The Sri Lankan was the pick of the Tridents bowlers picking up 3-33 off his four overs.

The Tridents had a mountain to climb in pursuit of 203 to win and they began well enough by reaching 47-1 off their Powerplay overs but it was always going to be a tough ask to keep going at the required rate. Munaweera was the man to go inside the first six overs when he tried to clear the big boundary off Shane Shillingford and failed to do so.

Dwayne Smith fell in the very next over when Darren Sammy took a brilliant catch over his shoulder to dismiss the Tridents opener caught and bowled. As has so often been the case it was Shoaib Malik that looked the most likely to get the Barbados team home as the leading run scorer in CPL history look instantly at ease at the crease.

At the other end wickets continued to fall as Carter attempted a pull shot off Nathan McCullum that went straight up in the air and was caught by the keeper.
 

Kieron Pollard should have been dismissed on two when he gloved a ball through to the keeper off an excellent Shannon Gabriel slower ball but the umpire gave him not out. Malik was not as fortunate when he drove the ball down the ground off Sammy to be caught on the boundary for 31 off 19.

When Mendis fell in almost identical fashion to Malik the outlook was bleak for the Tridents. Pollard was still there but there was too much for him to do that even with Pollard’s immense talent he couldn’t get his side home. Pollard was brilliantly run out by Fletcher for 31 as the Tridents lost by 30 runs.



This win reaffirms the Zouks as one of the frontrunners for qualification for the latter stages of the tournament sitting in second place just one point behind the Tridents. More exciting for the Zouks than their position in the table is the complete nature of this performance with both batsmen and bowlers performing brilliantly which bodes well for the rest matches to come.

2015 HERO CARIBBEAN PREMIER LEAGUE – MATCH REPORT 11 ( - Guyana Amazon Warriors (150-3) beat St Kitts and Nevis Patriots (149-9) by seven wickets with 24 balls remaining )


Friday 3rd July – Basseterre, St Kitts



The Guyana Amazon Warriors secured their first win of this season’s Hero Caribbean Premier League with a comprehensive victory over St Kitts and Nevis Patriots at Warner Park. Some superb bowling from the Amazon Warriors’ spinners and destructive hitting from Denesh Ramdin and Lendl Simmons was enough for them to brush aside their opponents with ease. Ramdin, a new father this week, celebrated the birth of his son with an unbeaten 54 as he made the chase look very easy. 

The Patriots started well as Martin Guptill, an Amazon Warriors player last season, combined with Evin Lewis to build an opening partnership off 66 in 9.3 overs and lay an excellent platform. Lewis was the first man to go when he was well caught by Brad Hodge off the bowling of Ronsford Beaton. 

In an interesting move by Ramdin, left arm spinner Veerasammy Permaul opened the bowling and completed his entire allocation in one spell. His four overs cost 35 runs, which represented a reasonable return for a spinner with the new ball. 

As ever, Sunil Narine was the pick of the Guyana bowlers, bowling a maiden in his first over as he again made it very difficult for batsmen to score. He bowled Guptill with a ball that the New Zealander tried to sweep. The very next ball Narine picked up the wicket of Orlando Peters, who also attempted an ill-advised sweep shot to a ball that turned the other way - trapping him LBW.  

Shahid Afridi was sent up the order in an attempt to give the innings some much needed impetus, but the experiment failed when the Pakistani all-rounder skied a catch off Devendra Bishoo to cover. Bishoo became the second bowler to take two wickers in two balls when a frustrated Marlon Samuels charged the spinner, only to be smartly stumped. Tonito Willett also fell to spin when he played a lazy shot off Tillakaratne Dilshan, departing for just nine. Having been 83-1, the Patriots had lost five wickets for 20 runs. 

A rebuilding effort of sorts took place between Carlos Brathwaite and Sohail Tanvir, who gave their side a total of some respectability. Braithwaite’s innings of 23 off 11 balls included three sixes and was vital in setting a target of 150. While it could have been a lot worse, it still looked a long way under par. 

The Amazon Warriors got off to a sedate start to their chase, but Simmons should have been run out when he was only on five. He hit the ball to mid-wicket and set off for a non-existent run but Samuels missed with the throw. However, the Patriots got a breakthrough just two balls later when Dilshan mistimed a pull to Willett at fine leg. 

Simmons got some luck again on 21 when he drove the ball in the air off Brathwaite. Willett timed his jump to perfection but the ball burst through his fingers. Simmons gave yet another chance on 25 when he pulled the ball into the legside but a despairing dive from Brathwaite wasn’t enough to claim the catch. 

Eventually Simmons’ good fortune run out when he attempted to hit Tabraiz Shamsi down the ground for six, only to find Sheldon Cottrell on the boundary - dismissed for 41 off 33 balls. The big fast bowler celebrated with his customary salute, clearly delighted to finally see the back of last year’s leading scorer.

South African spinner Shamsi was a little unfortunate to finish with figures of 1-25 as both Hodge and Ramdin struggled to read his variations. He showed real promise in this spell and on another day could have gone for half the runs and picked up twice the wickets. 

After Simmons’ departure, Ramdin picked up where the opener had left off and the Guyana captain was brutal in his treatment of Afridi in particular. He hit four consecutive sixes off the leg-spinner as Afridi’s final over cost 28 runs. At the end of those six balls the game was over as a contest, with the required rate having plummeted to less than four an over. 

Hodge joined in the six hitting action as he top edged a Hero Maximum off Cottrell and followed it with another six pulled over long leg. Hodge went for one six too many when he was brilliantly caught by Willett, but it was too little too late for the Patriots. 

Having struggled to get their first win on the board, the Amazon Warriors will be delighted with such a comprehensive victory in St Kitts. For the Patriots this isn’t the first time their middle order has folded and this will need to be worked on as the tournament progresses.