The bid on AMG is at $2.50 v $2.26 last sale, after reporting a 35% rise in profit.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 12 securities that had no stocks being offered for sale. Noted amongst the stocks with higher bids are AMG Packaging with a bid of $2.50 against the last selling price of $2.26. The company reported 35 percent increase in 6 months profit and an even greater increase in the November quarter Caribbean Cream reported increased profit for the full year and the February quarter of $49 million or 13 cents for the twelve months and 5 cents for the quarter or $18 million. .
The bid for the stock is 66 cents versus the last price of 65 cents. Caribbean Flavours, Lasco Financial, Lasco Manufacturing and Medical Disposables all have bids higher than the last selling prices. The three Lasco companies should be reporting full year results at the end of April.Stocks trading in the junior market are, Cargo Handlers that gained 10 cents in trading 2,200 shares, to close at an all-time high of $20.10. Caribbean Producers with 2,100 units put on 5 cents to $2.35, Jamaican Teas gained 2 cents to end at $2.55 while trading 11,606 shares, 15,400 Lasco Distributors’ shares traded at $1.37 and Lasco Manufacturing lost 5 cents in closing at $1.05 while trading 63,531 shares.
