Seprod advised that at a meeting of the board to be held on October 6, 2014, a dividend payment will be considered.
Seprod paid a dividend of 55 cents per share on July 4, this year. Last year a dividend of 30 cents per share was paid on November 15 and 53 cents per share on July 8.
Seprod reported a hike in profit of 14 percent for the six months to June this year, slower than the 34 percent increase in the first quarter. The company posted profit of $698 million for the half year, up from $614 million in 2013.
Seprod considering a dividend
September 27, 2014 by
50% hike in dividends at Dolphin Cove
September 27, 2014 by
Dolphin Cove hiked the amount being paid out as dividends this year, continuing to pay out 50 percent more than they did in 2013.
The latest dividend to be paid will be on Wednesday October 22, 2014, has moved from 10 cents last year, to 15 cents per share to shareholders on record at October 3, 2014. The stock trades Ex-dividend on October 1.
Previously, Dolphin Cove earlier this year, pushed up the dividend payment by 50 percent when they paid interim dividends of 15 cents per share, on June 30 and on April 9 this year. In 2013, 10 cents per share was paid on December 4, September 16, on June 6 and March 28.
The increase comes against the back ground of a continued rise in profit for the entertainment company, with profits for the six months ended June 2014, increasing 30 percent to $287 million, over the $221 million in the 2013 comparative period.
National Commercial buys US$20M & sells back US$9M
September 26, 2014 by
Jamaica’s, National Commercial Bank bought US$20,408,481 at an average rate of $112.70 and sold only US$8,911,292 at $112.75 on Friday, two days after selling 466 million Kingston Wharves’ shares, for the equivalent of US$26.6 million. The buy helped push the forex market into surplus on the day, by US$18 million.
Of the nine authorized dealers, Jamaica National was the only one, buying less US dollars than they sold. First Global Bank with a net purchase of US$1.9 million, is the closest to NCB, with a surplus of US dollars bought. On Thursday Bank of Nova Scotia purchased US$3,907,332 at an average of $112.36 but offloaded US$19,209,570 at an average rate of $112.72.
The Jamaican dollar was stable against the US dollar, gained value on the Canadian dollar and fell in value against the Pound Sterling, in Friday’s forex trading. Authorized dealers purchased the equivalent of US$50,731,870 versus US$28,497,521 on Thursday, and the equivalent of US$32,356,343 was sold compared with US$39,295,678 on Thursday.
In US dollar trading, dealers bought US$48,910,642 compared to US$25,078,217 on Thursday. The buying rate for the US dollar rose 18 cents to $112.50 and US$30,734,179 was sold versus US$37,666,628 on Thursday, the selling rate eased by a cent to $112.69. The Canadian dollar buying rate, fell 34 cents to $99.06 with dealers buying C$699,897 and selling C$374,177 at an average selling rate that slipped 24 cents, to $101.40. The rate for buying the British Pound slipped $1.76 to $180.15, for the purchase of only £685,615, while £380,923 was sold, at $183.75 for a rise of 33 cents. Other currencies bought, amounted to the equivalent of US$107,024, while selling was for the equivalent of US$664,374.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113, $91.85 and $117.70 respectively. The lowest selling rate dropped $8.45 to $101.55. The highest buying rate for the Canadian dollar rose 7 cents to $101.60, the lowest buying rate fell 33 cents to $79.93. The highest selling rate climbed $1.50 to $105.50. The lowest selling rate fell 40 cents to $96.30. The highest buying rate for the British Pound, declined 30 cents to $184, the lowest buying rate fell 33 cents to $147.16. The highest selling rate rose $1.86 to $192 and the lowest selling rate is dived 40 cents to $177.30.
2 days with more declines than gains on JSE
September 26, 2014 by
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Activity on the Jamaica Stock Exchange, ended Friday with the prices of 5 stocks rising and 7 declining, as 20 securities changed hands. A total of 2,173,764 units traded, valued at $31,949,596, in all market segments. For the week, there were three days when the main market indices declined, to two days of advances. There was a small net increase in the indices, with two days when there were slightly more stocks falling, over those rising.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower, in line with the recent sideways movement of the market.
Main Market| The JSE Market Index fell 567.08 points to 72,504.68 and the JSE All Jamaican Composite index declined 634.10 points to close at 79,781.59, slightly higher than the 79,650.40 points, it closed the prior week at.
Gains| Stocks gaining with last traded prices, at the close of the main market are, Gleaner with 35,000 shares trading, with a cent rise to $1.06, Grace Kennedy 1,523 shares closed 45 cents higher at $59.45, National Commercial Bank with just 7,000 units changing hands, was up 5 cents at $18 and Proven Investments 55,000 was higher by 0.01 cent at 18 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Caribbean Cement, putting through 4,001 units at $2.36, Carreras with 300,378 units at $34.65, Jamaica Producers with 1,118,531 shares ended at $15.20, Kingston Wharves closed with only 1,652 shares trading at $6.30, but there is little interest in the stock at these prices that is close to one the big trade of 466 million units took place at on Wednesday, the stock now has bids at $5.01 and lower and Sagicor Group with 2,400 shares closed at $9.65.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless with 19,600 shares, lost 2 cents to end at 28 cents, Jamaica Broilers traded just 6,500 units with a 10 cents loss, to end at $4.30, Jamaica Money Market Brokers 7,092 ordinary shares traded with a 5 cents loss, to end at $6.95, Mayberry Investments 3,060 shares closed down 1 cent, to end at $1.46, Scotia Group with 119,680 shares, closed 50 cents lower at $19.50 and Supreme Ventures closed with a 15 cents fall, to end at $1.80, with 10,346 units.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 76,000 units at $3.02 and Proven Investments 8% preference share changing hands with 30,000 units at $5.07.
JSE Junior Market taking a breather
September 26, 2014 by
There was trading in only 376,001 units on Friday, valued at just $326,900 as investors continue to shun this segment of the market, in recent months. The JSE Junior Market Index fell by 1.02 points, to close at 656.22 as just 3 securities traded, with 1 advancing and 1 declining. The main trade is Consolidated Bakeries.
The market closed with 9 securities having no bids to buy and 7 securities without any stock being offered for sale. But the number of stocks with bids that are higher than the last traded price, numbered 4, while there was only one stock, with an offer below the last price.
Gains| Consolidated Bakeries had 358,301 shares changing hands, 1 cent higher, to end at 81 cents and was the only stock gaining at the end of trading, in the junior market.
Firm Trades| The stock in the junior market that traded to close at the same price as the day before, is Caribbean Producers trading 12,000 shares at $2.60.
Declines| The sole stock declining in the junior market, at the end of trading, is Lasco Manufacturing with 5,700 shares changing hands. The price lost 1 cent to close at 96 cents.
3 up, 3 down on TTSE
September 26, 2014 by
Trading on the Trinidad Stock Exchange saw no major change in direction from the sideways trend all year long as 11 securities changing hands of which 3 advanced, 3 declined and 6 traded firm with 706,749 units changing hands, with a value of $5,473,695 including amount for a US dollar denominated security.
The Composite Index lost 0.05 points to close at 1,146.16, the All T&T Index fell by just 0.17 points to close at 1,978.76 and the Cross Listed Index increased by a mere 0.01 points to end at 41.05.
Gains| Stocks increasing in price at the close are, Grace Kennedy with 30,065 shares being traded for $113,044 to end at $3.76, with 6 cents gain, Guardian Holdings contributed 20,000 shares with a value of $270,000, while the price gained 10 cents to end at $13.50 and First Citizens traded 14,615 shares valued at $532,278 to close with a gain of 2 cents to end at $36.42.
Declines| The stocks declining at the end of trading are, Clico Investment Fund with 68,214 shares valued at $1,502,678, declined by 5 cents to end at $22, Jamaica Money Market Brokers with 2,164 shares changing hands, closed a cent down at 44 cents, National Enterprises 100 units at $17.73, with 1 cent loss, One Caribbean Media 7,446 shares and closed with a decline of a cent at $25.35, Sagicor Financial 6.5% Preference share, traded 340,000 units at $1.13, down a cent and Trinidad Cement added 14,784 shares valued at $33,264, after falling 11 cents, to close at $2.25.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 13,841 shares valued at $175,781, to end at $12.70, National Commercial Bank with 195,200 shares changing hands for a value of $195,200 and Praetorian Property Mutual Fund 320 units at $3.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with lower offers.
J$ steady versus US$ gains vs others
September 25, 2014 by
The Jamaican dollar was stable against the US dollar, gained value on the Canadian dollar and the Pound Sterling, in Thursday’s forex trading. Authorized dealers purchased the equivalent of US$28,497,521 versus US$34,448,840 on Wednesday, and the equivalent of US$39,295,678 was sold compared with US$31,858,399 on Wednesday.
In US dollar trading, dealers bought US$25,078,217 compared to US$32,026,453 on Wednesday. The buying rate for the US dollar remained at $112.32 and US$37,666,628 was sold versus US$30,237,505 on Wednesday, the selling rate remained at $112.70. The Canadian dollar buying rate fell 99 cents to $99.40 with dealers buying C$739,616 and selling C$530,124 at an average selling rate that slipped 31 cents to $101.63. The rate for buying the British Pound rose 77c to $181.91, for the purchase of £1,255,877, while £379,519 was sold, at $183.42 for a decline of 57 cents. Other currencies bought, amounted to the equivalent of US$730,842, while selling was for the equivalent of US$533,319.
Highs & Lows| The highest buying rate for the US dollar, inched up 10 cents to $113. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively and the lowest selling rate bounced back $18.15 to $110. The highest buying rate for the Canadian dollar lost 47 cents to $101.53, the lowest buying rate fell 91 cents to $80.26. The highest selling rate climbed 20 cents to $104. The lowest selling rate fell $1.10 to $96.70. The highest buying rate for the British Pound, rose 10 cents to $184.30, the lowest buying rate climbed $1.20 to $147.49. The highest selling rate rose $1.14 to $190.14 and the lowest selling rate is up $1.14 to $177.70.
General Accident dominates junior market
September 25, 2014 by
The Junior Market has lost a lot of its lustre, since the market outperformed the main market up to 2013. Only 3 securities traded, on Thursday, with 2 advancing and 1 declining as 1,617,838 units valued at 2,538,331 traded. The JSE Junior Market Index increased 7.68 points to close at 657.24 The main trade was General Accident with 1,561,388 units.
Gains| Stocks recording gains at the end of trading in the junior market are, Caribbean Producers with 18,650 units while gaining 20 cents to $2.60 and General Accident closed at $1.55 while trading 1,561,388 shares at a 5 cents gain.
Declines| The only stocks declining in the junior market at the end of trading, is Consolidated Bakeries with 37,800 shares changing hands and lost 5 cents to end at 80.
At the end of trading there were 3 stocks with bids higher than their last selling prices and just 1 with offer lower.
Scotia Group climbs to $20 pushes indices
September 25, 2014 by
After the big trade in Kingston Wharves shares on Wednesday worth over $3 billion, Thursday’s trading seem light in contrast. The main attraction in today’s trading, was the gain in Scotia Group share price, accompanied by more than 1.2 million shares, helping to push the index up, quite sharply. Market activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising and 6 declining as 17 securities changed hands, resulting in 12,983,655 units trading, valued at $63,224,180, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Main Market| The JSE Market Index jumped 1,007.75 points to 73,071.76 and the JSE All Jamaican Composite index rose 1,126.85 points to close at 80,415.69.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints with 3,500 shares trading, rose of a cent to $1.66, Jamaica Money Market Brokers with 10,212 ordinary shares, gained 5 cents to end at $7, Scotia Group rose 99 cents, as 1,230,365 shares changed hands at $20 and Scotia Investments increased 10 cents with 4,825 units to $21.80.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras 13,736 units at $34.65, Jamaica Producers with 1,000,520 shares at $15.20 and Proven Investments with 8,639 shares, closing at 17.99 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Barita Investments with 6,777 shares, lost 1 cents to end at $2.18, Kingston Wharves traded just 5,000 units at $6.30, with the loss of 20 cents, National Commercial Bank had 17,500 shares changing hands, with a 25 cents cut in price to $17.95, Sagicor Group with 11,325 shares, closed 10 cents less at $9.65 and Sagicor Real Estate Fund had 306,147 units being active, the price fell 2 cents to $6.50.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 87,271 units at $3.45 and Jamaica Money Market Brokers down 7.50% preference share traded 8,660,000 units at $2.
TTSE ends Thursday little changed
September 25, 2014 by
Trading on the Trinidad Stock Exchange was in 11 securities changing hands of which 2 advanced, 3 declined and 6 traded firm with 220,110 units changing hands, with a value of $4,122,720. The market was closed on Wednesday for Public holiday.
The Composite Index declined 0.10 points to close at 1,146.21, the All T&T Index fell by just 0.87 points to close at 1,978.93 and the Cross Listed Index increased by 0.03 points to end at 41.04.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 32,308 shares valued at $712,391, increased by 5 cents to end at $22.05 and Massy Holdings contributed 7,093 shares with a value of $ to end at $68.52 with a gain of a cent.
Declines| The stocks declining at the end of trading are Ansa McAl traded 12,550 shares valued at $831,284 to close down 2 cents at $66.22, Scotiabank lost 2 cents and closed with 25,042 units for $1,522,553 at $60.78 and Trinidad Cement 2,000 shares traded at $2.36 for a 18 cents decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings contributed 5,393 shares at $12.70, Firstcaribbean International Bank with 1,250 shares at $5 First Citizens added 9,397 shares valued at $342,051 and closed at $36.40, Grace Kennedy with 810 shares to end the day at $3.70, National Commercial Bank with 120,100 shares traded at $1, Sagicor Financial Corporation with 4,167 at $6.20
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
