Access Q1 profit jumps 72%

AccessBuilding320pxA fifteen percent jump in revenues at Access Financial Services saw profit before tax almost doubling to $157.6 million, up from $79 million in 2014. After providing $20 million for corporation taxes Access ended with $137 million profit or 50 cents per share for an increase of 72 percent. The good fortune did not all come from ongoing income and expenditure as loan losses fell from $39 million in the March 2014 first quarter to only $3 million in the latest quarter. Gains from the purchase of loan portfolios from Appliance Traders and Proven Investments resulted in a one off profit of $11 million. These acquisitions increased loans on the books to $1.5 billion from $1.1 billion at March 2014 and the profit pushed the equity capital to $900 million.
For the full year earnings should touch $2 per share, the stock is priced at $15.10 with a potential PE of 7.5, with its growth potential and limited available shares on the market, this valuation may be considered low.
Proven Investments who bought out the Mayberry Holdings last year December, is laughing all the way to the bank for having picked up the block of shares at a bargain price of $9 each.
Access is a junior market listed company on the Jamaica Stock Exchange and is primarily involved in payroll based lending.

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  1. […] bids that were higher than their last selling prices and 5 ended with lower offers. In trading, Access Financial traded just 220 and gained 50 cents to close at $17, AMG Packaging fell 47 cents with 400 units […]

  2. […] bids that were higher than their last selling prices and 5 ended with lower offers. In trading, Access Financial traded 24,500 in one block as a cross at $16.50 for a loss of 1 cent, AMG Packaging gained 5 cents […]

  3. […] bids that were higher than their last selling prices and 4 ended with lower offers. In trading, Access Financial traded 762,000 in one block as a cross at $16.51 for a loss of 49 cents, AMG Packaging gained 2 […]

  4. […] bids that were higher than their last selling prices and one ended with a lower offer. In trading, Access Financial Services ended with 1,720 units changing hands at $20 after losing 20 cents, Blue Power rose by $1 with 200 […]

  5. […] bids that were higher than their last selling prices and 2 ended with lower offers. In trading, Access Financial declined by $1 in trading 2,550 units to close at $16.50, Blue Power rose by $1.70 with 188,655 […]

  6. […] bids that were higher than their last selling prices and 3 ended with a lower offer. In trading, Access Financial traded 4,000 units to close at $17.50, AMG Packaging rose by $1.40 with 223,936 units changing […]

  7. […] with bids higher than their last traded prices while none closed with a lower offer. In trading, Access Financial Services gained 30 cents to close at $16.80 with 200 units changing hands, AMG Packaging fell by 10 cents to […]

  8. […] with bids higher than their last traded prices while none closed with a lower offer. In trading, Access Financial Services closed with a loss of 50 cents to $16.50 with 1,821 units changing hands, AMG Packaging closed at […]

  9. […] closed with bids higher than their last traded prices while 4 closed with lower offers. In trading, Access Financial Services closed with a gain of 6 cents at $16.06 with 5,900 units changing hands, AMG Packaging gained 20 […]

  10. […] with bids higher than their last traded prices while one closed with a lower offer. In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands […]

  11. […] with bids higher than their last traded prices while one closed with a lower offer. In trading, Access Financial Services closed with a gain of 9 cents at $14.11 with 2,000 units changing hands, AMG Packaging traded 24,074 […]

  12. […] with bids higher than their last traded prices while none closed with a lower offer. In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with […]

  13. […] with bids higher than their last traded prices while one closed with a lower offer. In trading, Access Financial Services closed with a gain of 1 cent at $14.01 while 7,000 units changed hands. Derrimon Trading ended with […]

  14. […] closed with bids higher than the last traded prices and 1 closed with a lower offer. In trading, Access Financial ended with a gain of 39 cents at $14 with 1,500 shares trading, C2W Music had 2,200 shares trading […]

  15. […] closed with bids higher than the last traded prices and none closed with lower offers. In trading, Access Financial Services traded 249 units with the price rising 7 cents to $13.57, AMG Packaging closed at $6 with 1,458 […]

  16. […] closed with bids higher than the last traded prices and 3 closed with lower offers. In trading, Access Financial Services traded 6,250 units, with the price rising $1 to $13.50, C2W Music ended up with 3,083 units changing […]

  17. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial lost $1, in trading 23,727 shares to close at $12.50. Caribbean Cream ended with 145,545 shares […]

  18. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial closed with a loss of $2 to $10.50 with 170,271 units changing hands, AMG Packaging lost 1 cent to […]

  19. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial closed with a loss of 36 cents to $12.50 with 57,729 units changing hands, AMG Packaging closed with […]

  20. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial closed with a gain of 16 cents to $12.86 with 6,672 units changing hands, Caribbean Cream rebounded […]

  21. […] closed with bids higher than the last traded prices and one closed with a lower offer. In trading, Access Financial gained 20 cents and closed at $12.70, with 2,000 units changing hands, AMG Packaging closed with a […]

  22. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial lost 50 cents and closed at $12.50, with 1,000 units changing hands, Caribbean Cream traded to close […]

  23. […] closed with bids higher than the last traded prices and none closed with a lower offer. In trading, Access Financial closed at $13, with 3,533 units changing hands, Caribbean Cream did not trade, but had a bid above […]

  24. […] closed with bids higher than the last traded prices and 1 closed with a lower offer. In trading, Access Financial closed at $13 with 2,732 units changing hands, to gain 50 cents, Caribbean Cream traded just 10,000 […]

  25. […] with bids higher than the last traded prices and 1 closed with lower offers. Stocks trading are, Access Financial closing with a rise of 20 cents to end at $12.20 with 255 units changing hands, AMG Packaging […]

  26. […] with bids higher than the last traded prices and 2 closed with a lower offer. Stocks trading are, Access Financial traded 2,500 shares to close with a 2 cents fall to $12, Caribbean Producers lost 10 cents with […]

  27. […] with bids higher than the last traded prices and 1 closed with a lower offer. Stocks trading are, Access Financial traded 2,500 shares to close with a 2 cents fall to $12, Caribbean Cream lost 30 cents with 14,300 […]

  28. […] with bids higher than the last traded prices and none closed with lower offers. Stocks trading are, Access Financial traded 4,840 shares to close with a 18 cents fall to $12.02, Blue Power eased 40 cents to close at […]

  29. […] closed with bids higher than the last traded prices and 2 with lower offers. Stocks trading are, Access Financial traded 7,670 shares to close with a 20 cents increase at $12.20, Cargo Handlers ended with 1,256 […]

  30. […] bids higher than the last traded prices and none with the offer being lower. Stocks trading are, Access Financial ended at $16.50 with a gain of $3.50 with 13,547 units changing hands, Blue Power rose $1.70 to a […]

  31. […] with bids higher than the last traded prices and 4 with the offers being lower. Stocks trading are, Access Financial Services traded 1,500 shares to close at $10.50, with a gain of 50 cents at the close the bid was at $11 to […]

  32. […] with bids higher than the last traded prices and 2 with the offers being lower. Stocks trading are, Access Financial Services traded 21,500 shares to close at $10, with a fall of $3, AMG Packaging closed at $3.95 with 6,200 […]

  33. […] with bids higher than the last traded prices and 2 with the offers being lower. Stocks trading are, Access Financial Services traded 367 shares to close at $13, with a fall of $2.51, AMG Packaging closed at $3.65 with only 733 […]

  34. […] fell 723.97 points to be at 101,219.77 and the junior market index 983.71, down 23.87 points. Access Financial traded at $13 for a fall of $2.51 on small volume, Caribbean Cream traded back at $2 with 200,000 […]

  35. […] with bids higher than the last traded prices and 3 with the offers being lower. Stocks trading are, Access Financial Services traded 200 shares to close at $15.51 with a fall of $2.99, AMG Packaging closed at a 52 weeks’ […]

  36. […] bids higher than the last traded prices and only 2 with the offers being lower. Stocks trading are, Access Financial Services traded 100 shares to close with a loss of 50 cents at $18.50, Blue Power closed with 978 units […]

  37. […] bids higher than the last traded prices and only 1 with the offer being lower. Stocks trading are, Access Financial Services traded 280 shares to close at $19, Cargo Handlers ended with 250 shares changing hands at $31, […]

  38. […] bids higher than the last traded prices and only 3 with the offer being lower. Stocks trading are, Access Financial Services traded 100 shares to close at $19 with a gain of 88 cents, AMG Packaging closed at $3.65 with 2,114 […]

  39. […] bids higher than the last traded prices and only 1 with the offer being lower. Stocks trading are, Access Financial closed with a loss of 88 cents at $18.12 with 2,700 units changing hands, Cargo Handlers ended with […]

  40. […] closed with no bids to buy, while 8 had no stocks being offered for sale. Stocks trading are, Access Financial gained 50 cents to close at a new all-time high of $19 but with just 100 units, the company […]

  41. […] in 824,803 units valued at $1,577,521. The strong movement was aided by a $3 rise in the price of Access Financial that jumped to $18.50 but with only 100 shares trading. At the close, the junior market had 5 stocks […]

  42. […] Thursday and 4 securities closing with no bids to buy while 5 had no stocks being offered for sale. Access Financial Services closed with the bid above the last selling price with 131,000 units posted by three brokers on the […]

  43. […] to buy while only 3 had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial Services closing with 5,951 shares trading 2 cents up at $11.02, AMG Packaging ending with just 200 units […]

  44. […] to buy and 8 that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial Services closing with 21,233 shares trading $1 lower, at $11, Caribbean Flavours trading 20,496 shares to […]

  45. […] to buy and 5 that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial ending with 17,562 units changing hands to close with a loss of $1.50 at $12. Cargo Handlers […]

  46. […] and Junior Market Index fell to 894.34, down by 14.05 points. The most noticeable trade so far is Access Financial with 17,562 units trading down by $1.50 to $12 and Kingston Properties rising $1 to $8. Trading is […]

  47. […] to buy and 5 that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial ending with 1,000 shares changing hands to close with a loss of $2 at $13.50. Cargo Handlers […]

  48. […] to buy and 6 that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial lost 35 cents to close at $15.50 while trading 100 shares, AMG Packaging ending with 1,233 shares […]

  49. […] Caribbean Cement traded 1,007,125 shares is the big trade but the price fell 38 cents to $5.02, Access Financial lost 90 cents in trading just 100 shares to end at $15.85 and Sagicor Group traded at a new 52 […]

  50. […] securities that had no stocks being offered for sale. Stocks trading in the junior market include, Access Financial with just 100 shares changing hands, to close lower by 25 cents at $16.75, Cargo Handlers finishing […]

  51. […] not growing operating profit on a consistent basis year to year. Going forward, the acquisition of Access Financial Services contributed profit of US$1.2 million to the group’s profit and could end up around $4-5 […]

  52. […] being offered for sale. In trading ended with three stocks closing at 52 weeks’ highs while, Access Financial traded just 350 units at $17 but the offer closed at $16.98. Cargo Handlers finished trading with […]

  53. […] 9 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close […]

  54. […] a few severely undervalued ones in that market that could post decent gains in the months ahead. Access still has further to go as the future looks good for growth in profits but the price of the stock […]

  55. […] 7 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial ending with 3,540 shares changing hands, to close lower by 2 cents at $17, Caribbean Cream closed […]

  56. […] entities directly. Total cess income jumped to $161 million compared to only $15 million. Access Financial managing director switched ownership of his shares to a company, resulted in a transaction over the […]

  57. […] 7 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial trading at a new 52 weeks high of $17, but with just 200 units changing hands to gain $1.90, AMG […]

  58. […] and 7 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial trading 39,172 units at $15.10, AMG Packaging ending with 7,830 shares changing hands to close at […]

  59. […] junior market stocks have traded so far, with new 52 weeks highs being reached by 4 of them with Access Financial trading 37,672 units at $15.10, Caribbean Producers with 181,547 at $3 and Lasco Manufacturing […]

  60. […] 6 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Access Financial ending with only 200 shares changing hands to close unchanged at $15.10, after almost doubling […]