IC Insider.com — Page 625

Main Event growing for higher profits

June 20, 2019 by IC Insider.com

Main Event revenues profit growing nciely.

Growth in revenues while not an exact proxy for increased profits is often a very good indicator of greater gains ahead. That may be exactly what is happening at the Junior Market listed Main Event.
That was the opening comments of IC Insider’s reporting on the nine months results for 2018. Nearly one year on, Main Event is quietly forging ahead with strong gains in sales and profit for the quarter ending April this year and slightly less growth for the six months period. The 2019 performance outdistance the modest rise in both revenues and profit for 2018.
Revenues for the July quarter last year, surged nearly 26 percent to $364 million, but profit fell 7 percent to $24.5 million and for the nine months to July, profit was up just 4 percent to $105.5 million flowing from a 13 percent rise in revenues to $1.07 billion.
For the current fiscal year, profit climbed 29 percent for the quarter to $62 million from $48 million in 2018. For the six months to April, profit rose a more moderate 15.4 percent to $92 million from $81 million in 2018.
Sales revenue rose 29 percent for the quarter, to $438 million from $341 million and is up 27.5 percent for the year to date, to $896 million from $702 million in 2018. Management in their report on the results states that, “revenue growth reflects higher volumes in the company’s core business as well as success with our new products while 13 percent of revenues or $118 million is attributed to the M-Style products and our presence in the West”
Gross profit grew much slower than revenues in the April quarter increasing 14.8 percent and 16.7 percent for the half of the year. Gross profit margin is still a healthy 47.5 percent in the latest quarter and 45.3 percent in the 2018, for the year to date period.

Three directors of Main Event, including the mentor who is respossible to ensure compliance with teh JSE rules.

Administrative and general expenses rose 14 percent to $116 million in the quarter and increased 23 percent in the six months period to $246 million. Marketing and sales expenses declined by from $7.7 million in the prior year’s quarter to $2.6 million in April 2019 and declined from $15.4 million in the six months period in 2018 to $8.6 million in 2019. Depreciation cost rose from $45 million for the half year to $55 million in 2019. Finance cost rose in the quarter, to $5.6 million from $5 million in 2018 and from $8.5 million to $9.4 million for the six months period.
Earnings per share came out at 20 cents for the quarter and 31 cents for the half year. Last year, figures for the nine months showed signs that profit would end up in the 40 cents region but foreign exchange and increased bad debt provisions resulted in a loss in the final quarter and earnings of just 32 cents per share. IC Insider.com is forecasting earnings around 75 cents the current fiscal year ending October and $1.50 per share for the 2020 fiscal year, giving it a PE of around 7 times 2019 earnings and just 3 times 2020 projected earnings.
Gross cash flow brought in $148 million but growth in receivables, inventories, addition to fixed assets offset by loan inflows and reduced payables pushed net cash intake down and liquid funds of $59 million at the end of April. At the end of April, shareholders’ equity stood at $616 million with borrowings at $295 million. Net current assets ended the period at $260 million inclusive of trade and other receivables of $354 million, cash and bank balances of $98 million. Current liabilities stood at $214 million at the end of April.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Emerging markets, Jamaica Stock Exchange, Jamaican Stock, junior market, Main Event

New closing high for JSE main stocks – Wednesday

June 19, 2019 by IC Insider.com

The JSE All Jamaican Composite Index pushed 3,240.99 points to a new record close of 486,779.64 and the JSE Index climbed 2,945.21 points to a new closing high of 443,343.87.
At the end market activity, on the main and US markets, the prices of 18 securities advanced, 9 declined and 8 traded firm, as a total of 35 securities traded, compared to 37 on Tuesday. Eppley and the Jamaica Stock Exchange shares closed at new all-time highs.
Market activity ended with 45,741,770 units with a value of $2,118,495,057 changing hands, in contrast to 41,671,400 units with a value of $333,001,137 on Tuesday.
Wigton Windfarm led trading with 20.7 million units or 45 percent of total main market volume, Scotia Group with just over 10 million shares changing hands, equating to 22 percent of total trades, followed by NCB Financial Group with 8.14 million stock units for 18 percent of the day’s trades.
The market closed with average of 1,386,114 units valued at an average of $64,196,820 for each security traded. In contrast to 1,190,611 units for an average of $9,514,318 on Tuesday. The average volume and value for the month to date amounts to 1,475,774 shares, with a value of $16,281,943, compared to 1,482,687 shares, with a value of $12,268,768 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
At the close of the market, Barita Investments rose $1 and closed at $44, trading 4,084 shares, Carreras rose 30 cents and concluded trading of 878,789 units at $8.20, Eppley rose 25 cents to an all-time high of $16 while trading 13,290 shares, Jamaica Broilers exchanged 2,484 units and gained $1 to end at $33. Jamaica Producers fell $1.30 to close at $25.50, with 8,589 shares changing hands, Jamaica Stock Exchange rose 25 cents to end at a record high of $22, with 2,358,881 shares traded, JMMB Group rose $1 in trading 72,416 shares to end at $39, Kingston Wharves slipped $1 to close at $66, in swapping 28,064 stock units. Mayberry Investments gained 65 cents with an exchange of 181,646 shares at $9.15, Mayberry Jamaican Equities added $1 to end trading of 24,764 shares at $12.25, NCB Financial Group jumped $5 to close at $178, with an exchange of 8,142,680 stock units, PanJam Investment climbed $1.49 to end trading of 990 shares at $95.99. Proven Investments declined $1.50 while trading 3,690 shares to close at $33.50, Pulse Investments rose 34 cents to close at $2.84, trading 20,000 shares. Sagicor Group finished trading at $48 with 340,467 shares crossing the exchange after falling 50 cents, Scotia Group climbed $1.90 to $55.10, with an exchange of 10,133,531 shares and Seprod declined $1 concluded trading with 103,100 stock units at $47.
Trading in the US securities market resulted in 40,000 units valued US$31,016 changing hands. Market activity ended with Proven Investments trading 12,000 shares after rising 0.06 cent to close at 26 US cents and JMMB Group 6% preference share ended trading of 28,000 units at US$1. The JSE USD Equities Index rose 1.74 points to close at 191.08.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market suffers big fall – Wednesday

June 19, 2019 by IC Insider.com

Honey Bun ended at a 52 week’s closing high on Wednesday.

Trading on the Junior Market of the Jamaica Stock Exchange closed on Wednesday with the market Index dropping 34.35 points to close at 3,098.96 the prices of 11 securities advanced, 10 declined and 4 remained unchanged.
The market closed with 25 securities changing hands, resulting in an exchange of 1,780,876 units valued $6,995,830 compared to 1,355,631 units valued at $6,100,280 on Tuesday from 27 securities.
Trading ended with an average of 71,235 units for an average of $279,833 in contrast to 50,209 units for an average of $225,936 on Tuesday. The average volume and value for the month to date amounts to units 165,183 valued at $713,709 and previously 171,991 shares with a value of $745,149. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at 1.99 with 2,857 stock units changing hand, Cargo Handlers declined 20 cents to settle at $9 with an exchange of 2,354 shares, Caribbean Flavours traded 2,000 shares at $14.30, Caribbean Producers exchanged 12,415 shares to close unchanged at $4.90. Dolphin Cove dived $1.50 with an exchange of 12,415 shares to close at $10.50. Everything Fresh dipped 3 cents in trading of 46,966 units at $1.47, Elite Diagnostic climbed 5 cents and exchanged 2,252 shares at $4, Express Catering ended trading 41,238 shares, after rising 20 cents to end at $7.10, FosRich Group closed 4 cents higher at $5, with 11,700 stock units trading. Fontana ended trading 511,063 shares, after rising 1 cent to end at $4.40, GWest Corporation dipped 14 cents trading of 9,414 units at $1.06. Honey Bun closed 17 cents higher to end at a 52 weeks’ closing high of $6.50, with 107,746 stock units changing hands, iCreate traded 59,830 units in closing at 79 cents,

Indies Pharma shed 20 cents in trading of 49,599 units at $3.10, Iron Rock closed at $3.55, trading 58,790 shares. Jamaican Teas lost 20 cents in trading of 59,159 units to close at $4.30, Jetcon Corporation climbed 4 cents and exchanged 4,800 shares at $1.99. Knutsford Express fell $1.50 in trading of 1,522 units at $11, Lasco Distributors ended trading of 5,754 shares, after rising 4 cents to end at $3.69, Lasco Financial rose 10 cents to end at $5.30, trading 6,289 shares, Lasco Manufacturing lost 1 cent to close at $4 with 143,555 stock units changing hands. Main Event climbed 5 cents while exchanging 12,566 shares at $5.50, Medical Disposables lost 50 cents trading of 37,743 units at $7 and Stationery and Office ended trading of 30,476 shares, after rising 10 cents to end at $9.60.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity

JSE pulls back from Tuesday’s record high

June 18, 2019 by IC Insider.com

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The JSE All Jamaican Composite Index climbed 3,373.63 points to reach an intraday record high of 487,004.99 just after 11 am on Tuesday, but the market failed to hold on to the early gains ending with a modest fall at the close.
At the close on Tuesday, the JSE All Jamaican Composite Index dipped 92.71 points to 483,538.65 and the JSE Index declined 84.25 points to 440,398.66.
At the end market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Monday. Eppley and the Jamaica Stock Exchange shares closed at new all-time highs. Market activity ended with 41,671,400 units with a value of $333,001,137 changing hands, in contrast to 77,902,533 units for $226,722,040 on Monday.
Wigton Windfarm led trading with 37.5 million units or 90 percent of total main market volume, NCB Financial Group with 1.4 million shares changing hands equating to 2.4 percent of total trades, followed by JMMB Group 7.5% preference share with 697,600 stock units and less than one percent of the day’s trades. In the US Market Proven Investments traded 8.77 shares and Sygnus Credit Investments 1.24 units.
The market closed with average of 1,190,611 units valued at $9,514,318, in contrast to 2,360,683 shares valued at $6,870,365 on Monday. The average volume and value for the month to date amounts to 1,482,687 shares, with a value of $12,268,768, compared to 1,508,699 shares, valued $12,537,308 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
At the close of the market, Barita Investments lost 80 cents and closed at $43, trading 44,274 shares, Eppley jumped $3.75 to an all-time high of $15.75 while trading just 500 shares, Jamaica Broilers traded 33,470 units with a fall of $1.75 to end at $32. Jamaica Stock Exchange jumped $1.75 to end at a record high, of $21.75, with 162,124 shares trading, JMMB Group fell $1 trading 52,642 shares to end at $38, Kingston Properties lost 50 cents to finish at $6, with 15,244 stock units, Kingston Wharves climbed $2 to close at $67, in trading 3,250 stock units. Mayberry Investments gained 25 cents trading 2.942 shares at $8.50, NCB Financial Group lost 99 cents to close at $173, with an exchange of 1,429,495 stock units, Portland JSX lost 65 cents to settle at $7.85, trading 500 shares, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. Pulse Investments fell 48 cents to close at $2.50, trading 190,101 shares. Salada Foods traded just 703 shares and declined $2.99 to close at $31.01, Scotia Group fell 30 cents to $53.20, with an exchange of 105,110 shares and Stanley Motta lost 50 to end at $48, in trading 33,968 shares.
Trading in the US securities market resulted in 10,005,524 units valued US$2,368,509 changing hands. Market activity ended with Proven Investments trading 8,765,244 shares after slipping 0.6 cent to close at 25.54 US cents and Sygnus Credit Investments gained 0.05 cents and ended trading of 1,240,280 units at US$1.05. The JSE USD Equities Index advanced 0.23 points to close at 189.34.

Junior Market trading drops – Tuesday

June 18, 2019 by IC Insider.com

Trading levels pulled back sharply on Tuesday at the close of the Junior Market and ending with 27 securities changing hands, against 35 on Monday.
Volume of stocks trading fell 49 percent and the value declined 66 percent, compared to Monday. At the close, prices of 14 stocks rose, 9 declined and 4 remained unchanged leading the market index to inch 3.83 points higher to 3,133.31.
Just 1,355,631 units, valued $6,100,280 traded, compared to 2,681,294 units valued at $18,082,805 previously.
Trading ended with an average of 50,209 units for an average of $225,936 in contrast to 76,608 units for an average of $516,652 on Monday. The average volume and value for the month to date amounts to 171,991 shares with a value of $745,149 compared to 182,331 shares carrying a value of $789,233 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and one with a offer.
At the close of the market, AMG Packaging traded 13,709 shares at $2, Caribbean Cream climbed 29 cents in exchanging 1,100 shares at $5.79, Caribbean Producers lost 10 cents in trading 4,303 units at $4.90, Consolidated Bakeries closed 23 cents higher at $1.99, with 100 stock units trading. Derrimon Trading closed with a loss of 10 cents at $2.60, in swapping 40,681 shares, Dolphin Cove closed unchanged at $12 with just 800 shares traded, Everything Fresh declined by 12 cents to settle at $1.50, after trading 2,189 units, Elite Diagnostic closed 10 cents higher at $3.95, with 29,150 stock units trading. Express Catering shed 10 cents in trading of 139,445 units at $6.90, FosRich Group close with a loss of 4 cents at $4.96, exchanging 22,698 shares, Fontana ended trading with 77,631 shares, after rising 19 cents to end at $4.39, General Accident closed 15 cents higher at $4.20, with 586 stock units trading. GWest Corporation rose 17 cents to close at $1.20, in exchanging 490 shares, Honey Bun dipped 2 cents in trading of 20,889 units at $6.33, Indies Pharma traded 74,924 shares, after rising 20 cents to end at $3.30, Iron Rock closed 3 cents higher at $3.55, with 32,000 stock units trading. ISP Finance climbed 50 cents and exchanged 2,916 shares at $15.50, Jamaican Teas gained 6 cents in exchanging 1,104 shares at $4.50, Jetcon Corporation declined by 5 cents to settle at $1.95 after trading 54,881 units, Key Insurance climbed 35 cents and exchanged 180,623 shares at $3.35. Lasco Distributors fell 5 cents trading 23,742 units to close at $3.65, Lasco Financial exchanged 290,924 shares at $5.20, Lasco Manufacturing dipped 14 cents in trading 127,727 units to close at $4.01, Main Event ended trading with 65,328 shares, after rising 2 cents in closing at $5.45. Medical Disposables closed 10 cents higher at $7.50, with 9,507 stock units trading, SSL Venture Capital rose 10 cents to $1.60, in trading 16,400 shares and Stationery and Office closed trading of 53,750 units and gained 5 cents to end at $9.50.

Prices of securities trading are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity

8 TTSE stocks decline on Tuesday

June 18, 2019 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange closed lower at the close on Tuesday, with the three main market indices declining with declining stocks beating advancing ones.
Market activity ended with trading in 17 securities, with 2 advancing, 8 declining and 7 remaining unchanged as 201,914 shares valued $3,914,187 changed hands, compared to 312,898 shares valued $8,314,644 from 14 securities trading on Monday.
At close of the market, the Composite Index dipped 3.69 points to 1,358.43. The All T&T Index declined 1.83 points to 1,801.03, while the Cross Listed Index lost 0.76 points to close at 123.60.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock with a higher bid than the last selling price and four with lower offers.
Stocks ending with gains| First Citizens climbed 70 cents in completing trading of 3,763 shares at $40, and Trinidad & Tobago NGL rose 2 cents to close at $29.02, after exchanging 63,419 shares.
Stocks closing with losses| Angostura Holdings closed with a loss of 1 cent and settled at $16.05, with investors exchanging 55 shares, Clico Investments lost 5 cents to end at $24.40, with 6,551 units changing hands, First Caribbean International Bank added 17 cents and ended at $8.20, with 12,000 stock units changing hands. Guardian Holdings shed 25 cents and ended at $18.20, with an exchange of 470 stock units, JMMB Group dropped 2 cents to $2.03, trading 87,836 stock units, Scotiabank declined 5 cents and ended at $62.50, with 9,430 stock units crossing the exchange. Trinidad Cement ended trading 5 cents lower and settled at $2.50, trading 1,192 units and West Indian Tobacco fell $1.73 and ended at $110.27, with 3,048 stock units changing hands.
Stocks closing firm| Massy Holdings settled at $55, trading 8,773 units, National Enterprises ended at $6.68, with an exchange of 2,096 stock units, NCB Financial Group settled at $8.45, with 500 units crossing the exchange, One Caribbean Media ended at $10.20, with investors exchanging 48 shares. Prestige Holdings completed trading of 1,580 stock units at $9.48, Republic Financial Holdings settled at $121, with 153 units trading and Unilever Caribbean closed at $25.30 with an exchange of 1,000 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, One Caribbean Media, Prestige Holdings, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

JSE surges to new record close – Monday

June 17, 2019 by IC Insider.com

The Jamaica Stock Exchange main market continues to reach new highs for the year as investors continue to focus their attention on main market stocks and leaving their Junior Market siblings to play second fiddle.
At the close on Monday, the JSE All Jamaican Composite Index jumped 3,297.34 points to a record close of 483,631.36 and the JSE Index surged 2,996.42 points to yet another record close of 440,482.91.
At the close market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Friday. Market activity ended with 77,902,533 units for $226,722,040, in contrast to 96,408,959 units valued $1,106,187,077 on Friday.
Wigton Windfarm led trading with 74 million units or 95 percent of total main market volume, Grace Kennedy closed with 1.84 million shares changing hands equating to 2.4 percent of total trades, followed by Victoria Mutual Investments with 416,503 stock units and less than one percent of the day’s trades.
The market closed with average of 2,360,683 units valued $6,870,365, in contrast to 3,213,632 shares valued at $36,872,903 on Friday. The average volume and value for the month to date amounts to 1,508,699 shares, with a value of $12,537,308, compared to 1,430,601 shares, with a value of $13,110,955 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
At the close of the market, Barita Investments rose 30 cents and closed at $43.80, trading 10,872 shares, Caribbean Cement dropped 80 cents to close at $79.10, with an exchange of 13,557 shares, Carreras dropped $1.05 to conclude trading of 120,555 units at $7.75, Eppley dived $1.40 to $12 in trading 7,500 shares. Jamaica Broilers finished trading 33,000 units with a fall of $ 2.25 to end at $33.75, Jamaica Producers traded 78,931 shares and rose $2 to close at $27, JMMB Group added $1 trading 73,874 shares to end at $39, Kingston Wharves dived $5 to close at $65, trading 8,937 stock units, Mayberry Investments fell 50 cents, trading 78,393 shares at $8.25. Mayberry Jamaica Equities fell 90 cents to end at $11.20, with 84,460 shares changing hands, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. Pulse Investments rose 33 cents to close at $2.98, trading 24,500 shares. Salada Foods traded 205 shares after rising $1.50 to close at $34, , Sagicor Group traded 18,082 units with a rise of 50 cents to close at $48.50, Scotia Group climbed $1.25 to close at $53.50, with an exchange of 172,626 shares and Seprod lost $1.98 to end at $48, in trading 99,522 shares.
Trading in the US securities market resulted in 7,144 units valued at over US$8,587 changing hands. Market activity ended with JMMB Group 6% preference share closed at US$1 trading 3,244 units, JMMB Group 5.75% settled trading of 2,500 shares at US$2, Margaritaville Turks exchanged 100 units at 25 US cents and Proven Investments traded 1,300 units in closing at 26 US cents. The JSE USD Equities Index declined 0.23 points to close at 189.11.

Surge for Junior Market stocks – Monday

June 17, 2019 by IC Insider.com

GWest traded at the lowest price since listing in 2017.

Trading levels climbed on Monday with broad based involvement of Junior Market companies, except for just three to end with 35 securities changing hands, compared to 30 on Friday.
At the close of trading, prices of 12 stocks rose, 16 declined and 7 remained unchanged. The market index inched 1.14 points higher to close at 3,129.48.
Market activities ended with 2,681,294 units at $18,082,806 changing hands, compared to 3,154,186 units valued at $11,105,777 previously.
Trading ended with an average of 76,608 units for an average of $516,652 in contrast to 105,140 units for an average of $370,193 on Friday. The average volume and value for the month to date amounts to 182,331 shares carrying a value of $789,233 compared to 195,406 shares carrying a value of $822,944 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial ended market activity exchanging 500 shares to close at $43.50 after falling $1.50, AMG Packaging traded 6,047 shares at $2, Blue Power closed at $4.50 as 14,513 shares were exchanged, CAC 2000 declined 24 cents to settle at $12.76. Cargo Handlers lost 5 cents to settle at a 52 weeks’ low of $9.20, Caribbean Cream exchanged just 600 units to end at $5.50, Caribbean Flavours closed with 222 shares trading at $14.30, Caribbean Producers ended trading with 7,000 shares, after rising 20 cents to $5. Consolidated Bakeries ended market activity exchanging 3,458 shares to close at $1.76 after falling 4 cents, Derrimon Trading dipped 10 cents in trading 603,842 units to close at $2.70, Dolphin Cove closed 29 cents higher at $12, with 1,000,000 stock units trading, Everything Fresh closed with a rise of 1 cent to $1.62, with an exchange of 2,189 stock units. Elite Diagnostic closed at $3.85 in exchanging 126,160 shares trading, Express Catering traded 76,711 stock units in closing at $7, FosRich Group climbed 20 cents exchanging 53,543 shares at $5, Fontana dipped 15 cents in trading of 181,035 units at $4.20. General Accident ended market activity exchanging 7,000 shares to close at $4.05 after falling 10 cents, GWest Corporation declined by 23 cents to settle at an all-time low of $1.03, Honey Bun traded 3,478 shares, after rising 35 cents to end at $6.35, iCreate exchanged 23,500 shares, after rising 1 cent to end at 79 cents. Indies Pharma close with a loss of 30 cents at $3.10, swapping 228,262 shares, Iron Rock ended trading with 22,316 shares, after rising 1 cent to end at $3.52, Jamaican Teas climbed 14 cents in exchanging 18,819 shares at $4.44, Jetcon Corporation declined 5 cents to settle at $2. KLE Group climbed 25 cents and exchanged 3,000 shares at $2.15, Knutsford Express settled at $12.50, while trading 1,585 shares, Lasco Distributors ended trading with 18,102 shares, after rising 5 cents to $3.70, Lasco Financial ended with a loss of 1 cent at $5.20 with 25,931 stock units changing hand. Lasco Manufacturing traded 18,944 units and gained 13 cents to end at $4.15, Main Event closed trading of 3,560 units with a gain of 12 cents at $5.43, Medical Disposables closed with a loss of 40 cents at $7.40, swapping 20,000 shares, Paramount Trading concluded trading of 77,952 shares, at $2. SSL Venture Capital close with a loss of 15 cents at $1.50, after exchanging 3,840 shares, Stationery and Office dipped 5 cents to $9.45, with an exchange of 34,996 shares and tTech declined by 44 cents to settle at $4.86.

Prices of securities trading are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

5 TTSE stocks rose 2 decline – Monday

June 17, 2019 by IC Insider.com

The Trinidad & Tobago Stock Exchange closed higher at the close on Monday with the three main market indices rising with advancing stocks beating out declining ones.
Market activity ended with trading in 14 securities against 13 on Friday, with 5 advancing, 2 declining and 7 remaining unchanged as 312,898 shares valued $8,314,644 changed hands, compared to 260,178 shares valued $3,039,820 from 13 securities trading on Friday.
At close of the market, the Composite Index rose 3.72 points on Monday to 1,362. The All T&T Index gained 4.57 points to 1,802.86, while the Cross Listed Index rose 0.39 points to close at 124.36.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock with a higher bid than the last selling price and none with a lower offer.
Stocks ending with gains| Ansa Mcal increased 16 cents and completed trading of 100,000 units, at $55.18, First Caribbean International Bank rose 12 cents and settled at $8.37, with 11,754 stock units trading, JMMB Group increased by 1 cent and ended at $2.05, with 30,656 stock units changing hands. Scotiabank gained 5 cents and settled at $62.55, trading 2,400 stock units and Trinidad & Tobago NGL finished trading of 33,238 units with 20 cents rise close at $29.
Stocks closing with losses|National Flour fell 2 cents to $1.70, with an exchange of 7,306 units and Prestige Holdings closed with a loss of 2 cents at $9.48, with 100 units crossing the exchange.
Stocks closing firm| First Citizens ended at $39.30, with 1,267 units trading, Gaurdian Media closed at $12.75, after exchanging 100 shares, Massy Holdings ended at $55, with 1,027 units trading, Republic Financial Holdings closed at $121, with investors exchanging 700 shares. Sagicor Financial completed trading at $9.95, with an exchange of 123,470 units, Unilever Caribbean completed trading at $25.30, with 100 stock units changing hands and West Indian Tobacco settled at $112, after exchanging 780 shares.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, JMMB Group, Massy Holdings, National Flour, Prestige Holdings, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

It’s Wisynco, Wigton, NCB & Scotia

June 17, 2019 by IC Insider.com

Wisynco Group hits a new high of $19.50 on Friday, up from $16.50 at the end of the prior week as supply remains light and demand picked up considerably, the stock continues on the watch list this week.
Based on full year’s results, Wisynco trading around a PE of 20, may be considered high priced by some, but with interest rates so low in the country, investors should be focusing on the more than $1.50 earnings per share expected for the new-year, that starts in July. At the close on Friday, demand was building strongly at $18 and above.
Wigton Windfarm is slowly crawling its way back into the 80 cents range with the stock trading at 80 cents on a number of occasions on Friday, as selling and supplies below 80 cents eased sharply.
NCB Financial seems to be hovering around the $173 level but has a lot of appeal for many investors as they view the future positively. Last week IC Insider.com added Scotia Group as one stock that should be on everyone’s watch list with the release of second quarter results to April.

Scotia Group hiked dividend.

The banking group announced a big dividend increase that included a special dividend of $1.94. Profit performance was nothing write about but the company later reported that cost included more than $1 billion in onetime expenses as they seek to reduce cost and provide customers with a more friendly banking experience.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plans on raising more, coupled with good third quarter results continue to drive interest in the stock.
CAC 2000 reported profit for the April quarter that shows marked improvement over the previous quarter, suggesting that business is returning to more normal levels from disruption to the operations caused by major road works, in the area of the business. Elite Diagnostic pulled back to $3.85 during the past week but continues to find buying interest around $4 with the promise of earnings of more than 60 cents for the next fiscal year starting in July, that is likely to be the catalyst for more interest in the stock. Fosrich remains on the Watch List along with Lasco Financial that has seen buying interest over $5. Lasco Manufacturing posting of strong full year results with impressive fourth quarter numbers is driving new interest in the stock. Main Event posted good second quarter results with profit rising 29 percent in the quarter and promise of good 2019 results that should encourage increased investors interest. Watch.

Main Event revenues profit growing nciely.

Investors’ interest continues for the Medical Disposables with prospects for continued strong growth in its operations. Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Fontana, Honey Bun, Jamaica Producers and Sagicor Group.