NCB Financial Group’s share price has seen an uptick coming from J$41 at the end of last year  to closing today at $51.87.

The bank continues to perform well  and the Group has reported stellar profits however market news has  meant that the share price has remained sluggish.

Tomorrow (Friday), NCB Financial Group reports its Q2 financial results and if as anticipated all augurs well, there should be a further ascent in the share price.

Speaking about NCB stock at a recent investor briefing, CEO of Mayberry Group, Gary Peart pointed out: “NCB is the largest commercial bank in the country and is the most profitable institution. Yes, it had a shareholder issue where that shareholder had to sell some NCB shares and the market got into a tizzy but no one is focused on the underlying asset which is the bank.

“The bank continues to perform very well. It’s not a matter of if NCB ’s share price will go up, it’s a matter of when. NCB’s book value is $90. Based on its P/E, it should be trading somewhere near $120 to $150. You can buy NCB all day at $43. In two years time, people are going to say, Jesus Christ! Why didn’t I buy NCB at $40?

Peart maintains that listed shares remain the asset class that will explode in value in the coming months, particularly if the war in Iran is declared to be over sometime next month.

“At Mayberry Jamaican Equities (MJE), that’s where our bet is because when equities do explode, you won’t be able to get any shares.

“We have seen a situation with NCB where with 100 units, NCB traded up from $40 to $60 and hit the limit simply because the market is so fearful that people are not willing to put out their bids. It hit $60 and people were in shock. That is a precursor for what is coming. We are going to get to a point where people realise there is nothing to fear. The stock is extremely cheap, so why not get volume?”