IC Insider.com — Page 766

Purity can turn around 2017 loss this year

April 1, 2018 by IC Insider.com

Consolidated Bakeries (Purity) make a loss in 2017 but could return to profit in 2018.

Profit melted away at Consolidated Bakeries for 2017 with a loss of $40 million down from a profit of $10 million in 2016 from sale revenues that slipped from $880 million to $863 million.
The company continued the loss right through to the year with a loss of $9 million before differed tax charge in the final quarter but the 2017 loss was lower than the loss of $20 million in the same period in 2016. Closer examination of the results show hope for the company going forward, into 2018
While revenues for the year fell 2 percent it rose 10 percent in the December quarter and helped to improve gross profit to 39 percent from just 31 percent in 2016 quarter. The 2017 final quarter was also much higher than the 35 percent for the full year.
Cost appeared mixed, with marketing and sales expenses rising 31 percent to $55 million and 17 percent to $158 million as this category of cost out stripped revenues by a big margin.
Administrative expenses fell 41 percent to $23 million in the quarter and fell 3 percent for the year to $158 million. Finance cost jumped in the quarter, to $16 million from $7 million, in 2016 and from $12 million to $19 million for the year.

Consolidated Bakeries Miss Birdie Easter bun.

Revaluation of the Jamaican dollar cost the company $4 in the final quarter and resulted in reduction in other income ending with a negative $2.5 million versus $5.5 in 2016 and just 875,000 for the full year versus $9 million, while the big jump in Finance cost in the December quarter seems to be one off, as such without these two items the company would have reported a profit for the quarter and augurs well for the 2018 results.
Gross cash flow was negative $7 million but growth in receivables, inventories, addition to fixed assets and drawn down on investments was offset by net loan inflows and increased payables and increased in bank overdraft ended at $74 million. At the end of December, shareholders’ equity stands at $716 million which was boosted by gain on revaluation of land and building by $206 million. Borrowings at just $135 million. Net current assets ended the period $92 million well over payables of $77 million.
Earnings per share was negative for the quarter and the fiscal year. The stock traded at $2 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 12 times 2018 estimated earnings of 17 cents. Earnings could be more if revenues were to increase above 10 percent for 2018.

Filed Under: Company News, Company Results Tagged With: Consolidated Bakeries, Jamaica Stock Exchange, Jamaican Stock, junior market, Purity

Paramount’s lubricant plant in operation

March 31, 2018 by IC Insider.com

New Lubricant plant at Walton Park Road

Profit at Paramount Trading, jumped 137 percent to $34 in the first quarter to August last year, but declined by 35 percent in the November quarter, to $24 million from $37 million in 2016.
For the six months to November, profit rose only 13 percent to $58 million from $51 million in 2016. Sale revenues rose 28 percent for the November quarter, to $257 million from $200 million in 2016 and increased 31 percent for the year to date, to $487 million from $370 million in 2016.
The board of directors in their report to shareholders accompanying the quarterly, stated that “our lubricant business line produced strong sales during the quarter when compared to the last year growing $28 million or 261 percent and by $41.6 million with a 248 percent increase year to date. Technical grade product sales grew by $47 million or 137 on quarterly basis and $83 million or 133 percent year over the period year. We expect this trend to continue into the last two quarters.”

Processing and storage tanks inside factory.

Profit margin declined in the November quarter to 28 percent from 30 percent in the 2016, and slipped to 29 percent from 31 percent for the year to date period. The effect, gross profit rose 15 percent in the quarter to $99 million from $86 million and 19 percent for the year to date, to $200 million from $169 million in 2016.
While revenues rose solidly, so did administrative expenses that jumped 47 percent to $72 million in the quarter and increased 13 percent in the six months period to $121 million. Finance cost declined in the quarter, to a negative $2 million from $4 million in 2016 and from $7 million to $1.5 million for the half year.
Earnings per share came out at 1.5 cents for the quarter and 3.7 cents for the six months and should end the fiscal year ending to March around 25 cents with four months production and sales from the lubricant plant and the expanded chlorine and bleach operations.
Gross cash flow, brought in $72 million but growth in receivables, inventories, addition to fixed assets offset by loan inflows and reduced Payables wiped out the gains.

Another view inside of the factory.

Shareholders’ equity stands at $739 million with borrowings at just $77 million. Net current assets ended the period at $486 million, well over payables of $237 million. Inventories rose to $394 million from $320 million at the end of November 2016 and receivables climbed to $321 million from $238 million with cash and investments ending at $78 million.
The company commenced operation of the joint venture lubricant plant from around a month ago as well as production of bleach, an addition of a new product line. When the lubricant plant was announced in 2015, the estimate for revenues was in the US$5 million range but now that Alpart is reopened, the amount should rise.
The stock traded at $3.10 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 5.6 times IC Insider.com, 2019 earnings of around 55 cents per share.

Filed Under: Company News, Company Results Tagged With: Allegheny Petroleum, Alpart, Emerging markets, Jamaica Stock Exchange, Jamaican Stock, junior market, Paramount Trading

New IPO set for mid-April

March 31, 2018 by IC Insider.com

Investors in Jamaica will get another opportunity to vote come mid April, on the merits of a new public share offer.
IC Insider.com has confirmed that Everything Fresh is set to issue their prospectus around the middle of April. Brokers for the issue is stocks and Securities. The company imports and distributes products including diary, seafood and meats with the hotel sector a major customers. The business operates from 78 Marcus Garvey Drive, but he hopes to acquire additional premises, to be financed from the initial public offering (IPO) of shares, the chairman Gregory Pullen was quoted as saying in 2017.
“You have to expand the warehouse after a while, and I see us getting a bigger place for storage, but I don’t believe in these super-huge warehouses where you store goods forever,” he said,” Pullen was reported as saying last year.
The company has a large nine-member board chaired by Gregory Pullen, Courtney Pullen, Melene Pullen, Garret Gardener, Nesha Carby, financier Mark Croskery, ex-banker Donovan Perkins, attorney-at-law Vivette Miller and Chartered Accountant Jennifer Lewis.
Everything Fresh seems set to be the second initial Public offer to hit the market in 2018, and is one of about nine that is expected to go public this year. Sygnus Credit is expected to come to market within weeks having sent the prospectus to the authorities for vetting in February.

Filed Under: Initial Public Offers Tagged With: Everything Fresh, Sygnus Credit

JSE in big Holy Thursday recovery

March 29, 2018 by IC Insider.com

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Caribbean Cement dropped $4.54 on Thursday.

The main market Jamaica Stock Exchange jumped 2,405.36 points to 323,267.35 on Thursday while the JSE Index climbed 2,191.55 points to 294,533.10, as advancing stocks out did declining ones on the last trading day for April.
Trading closed with 32 securities changing hands, up from 27 on Wednesday, leading to 16 advancing, 10 declining and 6 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, including a drop of $4.94 in Caribbean Cement to $35, Grace Kennedy traded with a loss of $1.45 to $48, Jamaica Broilers rose $1 to an all-time high of $21, Jamaica Producers added $1.05 to end at $16, Kingston Wharves gained $2 at in trading at $40, PanJam Investment recovered from the sharp fall of $10.10 on Wednesday, jumping $11 to $43 and a surge of $3.14 in Scotia Group pushed the closing price to $53.99.

Jamaica Broilers closed at a record high on Thursday.

Main market activity ended with 11,248,457 units valued at over $130,109,783 compared to 5,013,846 units valued at $96,400,279 changing hands on Wednesday. Ciboney Group traded 3,892,538 units for 34.61 percent of the day’s volume followed by Wisynco Group with 1,877,516 units or 16.69 percent of the overall market volume, Kingston Wharves with 1,224,813 units or 10.89 percent of stocks traded, Carreras traded 847,800 units and Victoria Mutual Investments closed trading with 731,119 shares changing hands.
Trading resulted in an average of 387,878 shares valued at $4,486,544, for each security traded, compared to 192,840 shares valued at $3,707,703 on Wednesday. For the month to date, an average of 626,526 units with an average value at $20,492,207 traded, compared to 639,063 units with an average value at $20,361,477 changing hands on the previous trading day. In contrast, February closed with an average of 213,336 units, valued at $3,392,475 for each security traded.
The US dollar market closed on Thursday with 51,494 units valued at over US$26,317. Productive Business Solution traded 43,029 units with rise of a fraction of a cent, to close at 58 US cents Proven Investments closed trading with 7,170 units at 20 US cents and Margaritaville (Turks) ended with 1,295 units trading and fell 5 US cents to 20 US cents. The market index closed with a fall of 6.32 points to 161.45.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Sharp price changes continue on JSE main market – Thursday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Carreras, Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Scotia Group, Trading Activity, Victoria Mutual Investments, Wisynco Group

Big price changes continue for JSE majors – Thursday

March 29, 2018 by IC Insider.com

Jamaica Stock Exchange main market activity, closed on Thursday with more sharp price movements, including a drop of $4.94 in Caribbean Cement, a $11 jump in the price of PanJam Investment and a surge of $3.14 in Scotia Group share price.
The main market closed with 11,248,457 units valued at $130,109,783 flowing from 27 securities changing hands, with 15 securities rising, 9 falling and 3 trading firm. At the end, the JSE All Jamaican Composite Index surged 2,405.36 points to 323,267.35 and the JSE Index jumped 2,191.55 points to 294,533.10.
In main market activity, Barita Investments closed at $9.50, with 14,730 shares trading, Cable & Wireless concluded trading 14 cents higher at $1.30, with 563,032 units, Carreras finished with a loss of 30 cents at $10.60, with 847,800 shares, Caribbean Cement settled with a loss of $4.94 at $35, with 264,524 shares, Ciboney Group fell 2 cents to 12 cents, with 3,892,538 shares. Grace Kennedy traded with a loss of $1.45 at $48, with 42,306 stock units, Jamaica Broilers gained $1 to close at a 52 weeks’ high of $21, in trading 13,100 units, Jamaica Producers closed $1.05 higher at $16, with 14,110 shares, Jamaica Stock Exchange ended with a loss of 10 cents at $6.70, with 8,000 shares. JMMB Group rose 50 cents to $26, with 327,174 shares, Kingston Wharves settled with a gain of $2 to $40, with 1,224,813 units, Mayberry Investments ended trading with a loss of 86 cents at $5.54, in the exchange of 376,631 shares, NCB Financial Group rose 29 cents to $99, with 112,718 shares changing hands. 1834 Investments finished trading at $1.19, with 57,662 shares, Palace Amusement closed at $1,000, trading 642 stock units, PanJam Investment jumped $11 to close at $43, with 68,720 units, Pulse Investments finished 4 cents higher at $1.79, with 6,000 shares. Radio Jamaica settled with a loss of 8 cents at $1.01, trading 298,672 shares, Sagicor Group ended trading 40 cents higher at $36.50, with 132,221 stock units, Sagicor Real Estate Fund rose 4 cents to end at $15.49, with 79,088 shares. Scotia Group jumped $3.14 to close at $53.99, with 14,505 shares trading, Seprod closed with a loss of 50 cents at $33, in the trading of 5,384 shares. Supreme Ventures concluded trading with a loss of 5 cents at $11.90, with 238,420 stock units, Victoria Mutual Investments finished 38 cents higher at $4.49, with 731,119 units changing hands, Wisynco Group settled 34 cents higher at $10.84, with 1,877,516 shares. In the main market preference segment, Jamaica Money Market 7.5% traded 4 cents higher at $1.99, with 6,300 stock units, JMMB Group 7.5% closed at $1.02, with 15,440 shares, Proven Investments jumped 74 cents to close at $5.89, with 14,939 units, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big Holy Thursday recovery.”

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco

US$ sell off pushes rates down – Thursday

March 29, 2018 by IC Insider.com

Trading in the foreign exchange on Thursday continued with heavy selling off US dollars by dealers and pushing the selling rate for the US dollar below $126.
The market closed with inflows of all currencies, ending at US$46.04 million, versus US$66.33 million on Wednesday, but dealers sold US$61.22 million in contrast to US$60.51 million, previously.
The rate to buy the US dollar fell against the Jamaican dollar by 9 cents while the buying rate by dealer dropped a sizable 54 cents and signaling low buying interest.
In US dollar trading, dealers sold US$57.26 million at a rate of J$125.99 at the close, compared to US$56.68 million at a rate of J$126.08 on Wednesday. Purchases of the US currency by dealers, amounted to US$40.66 million at an average of just over $124.65, compared to US$61.86 million at an average of $125.19 on Wednesday.
For the shortened week, dealers bought US$216 million in all currencies, down from US$231 million in all currencies bought in the previous week including US$20 million auctioned by the central bank. Dealers sold US$237.6 million, compared to the selling of US$229.3 million previously.
Actual US dollar purchases by dealers amounted to US$190.8 million down from US$210 million in the prior week and they sold US$214.92 million compared to US$214.95 million.
At mid-day on Thursday dealers purchased US$12.69 million at an average rate of J$125.04 and sold US$12.37 million at an average of J$125.76. At mid-day on Wednesday dealers purchased US$18.4 million at an average rate of J$125.63 and sold US$16.6 million at an average of J$125.96.
The selling rate on Thursday, for the Canadian dollar slipped to J$97.20 from J$98.20 at the close on Wednesday, the selling rate for the British Pound increased to J$178.11 from J$177.21 previously and the euro rose against the Jamaican dollar to J$159.18 to buy the European common currency, versus the prior selling rate of J$156.64.

Filed Under: Feature Stories, FX Market Tagged With: Bank Of Jamaica, BOJ, British Pound, Canadian dollar, Daily Trading, Emerging market, euro, euro v J$, FX trading, jamaican dollar, US Dollar

Jamaican Economy grew 0.5% in 2017

March 29, 2018 by IC Insider.com

Image courtesy of arztsamui/FreeDigitalPhotos.net

Preliminary estimate by the Statistical Institute of Jamaica (Statin) puts growth in the Jamaican economy at 0.5 percent for 2017, after it grew by 1.1 per cent in the fourth quarter compared to the similar 2016 quarter, data just released by Statin shows.
The result will be subject to revision when additional data is obtained. Growth in the final quarter, Statin stated “resulted from improved performances in both the Services Industries up by 1.1 percent and the Goods Producing Industries 1.2 percent.”
“All industries within the Services Industries recorded gains: Electricity & Water Supply, 0.4 percent, Hotels & Restaurants 5.8 percent, Transport, Storage & Communication 0.7 percent, Real Estate, Renting & Business Activities 0.8 percent, Wholesale & Retail Trade; Repairs; Installation of Machinery & Equipment 0.5 percent,

Growth in tourism was strong in 2017

Finance & Insurance Services 0.8 percent, Producers of Government Services 0.2 percent and Other Services 1.4 percent.”
The main contributors to growth in the Goods Producing Industries were Mining & Quarrying 14.7 percent, Manufacturing 0.3 percent and Construction 0.7 percent. The Mining & Quarrying industry benefitted from higher production levels at the alumina plants. The Manufacturing industry’s performance was attributed to increased output from both the Food, Beverages & Tobacco and Other Manufacturing sub-industries, due largely to the increase in beverages, bakery products and grain mill products.
However, Agriculture, Forestry & Fishing declined by 1.1 per cent. The performance of the Agriculture, Forestry & Fishing industry was impacted by heavy rainfall, the Statin report stated.

Filed Under: Economy, Feature Stories Tagged With: Jamaica GDP performance, Statin, Statistical Institute of Jamaica

More gains for Junior Market – Thursday

March 29, 2018 by IC Insider.com

The Junior Market made further gain at the on Thursday with an advanced by 29.83 points to close at 2,958.51 as advancing stocks outnumbered decliners nearly 3 to 1.
At the close of market activities, 25 securities changing hands, the prices of 8 securities advanced, 8 declined and 6 remained unchanged, compared 22 securities changing hands on Wednesday.
Trading ended with an exchange of 1,499,141 units valued at $6,471,380, compared with 5,856,105 units valued at $19,587,652.
Market activity ended with an average of 59,966 units for an average of $258,855 compared to an average of 266,187 units for an average of $890.348 on Wednesday. The average volume and value for the month to date, amounts to 149,999 units at $623,819, compared to an average of 155,001 units at $638,574, on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended 22 cents higher at $2.17, with 42,644 stock units changing hands, Cargo Handlers rose by 43 cents to $10, with 3,000 shares, Caribbean Cream ended trading at $6, with 19,400 shares, Caribbean Producers finished trading 10 cents higher at close at a 52 weeks’ high of $5, with 66,461 units, Consolidated Bakeries closed with a loss of 2 cents at $2, with 15,000 shares. Derrimon Trading concluded trading with a loss of $1.98 at $7.51, with 1,185 shares, Dolphin Cove finished with a loss of 10 cents at $17.10, with 4,250 stock units, Elite Diagnostic settled 3 cents higher at $3.25, with 165,877 units, Eppley ended trading at $9.50, with 2,000 shares. Express Catering traded at an all-time intraday high of $6 but ended with a loss of 18 cents at $5.30, with 241,743 shares, FosRich Group finished trading 10 cents higher at $2.60, with 92,684 shares, General Accident closed 25 cents higher at $3.10, with 16,244 stock units, GWest Corporation ended 10 cents higher at $3.20, with 100,620 units. Honey Bun concluded trading at $4.65, with 1,950 shares, Iron Rock finished at $3, with 15,200 shares, Jamaican Teas ended trading 3 cents higher at $4.78, with 336 stock units, Jetcon Corporation traded with a loss of 8 cents at $4.15, with 45,119 units. Key Insurance finished trading 80 cents higher at $4.65, with 7,805 shares, KLE Group closed 20 cents higher at $2.50, with 51,000 shares, Knutsford Express ended at $14.48, with 13,403 shares, Lasco Distributors concluded trading 1 cent higher at $4.05, with 205,200 stock units. Lasco Financial finished with a loss of 2 cents at $4.90, with 29,199 units, Lasco Manufacturing settled 12 cents higher at $4.12, with 130,600 shares, Paramount Trading rose 10 cents to end at $3.10, with 245 stock units and Stationery and Office closed at $5.50, with 227,976 units changing hands.
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: Access Financial, AMG Packaging, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Stationery and Office, Trading Activity

First Caribbean to list on NYSE

March 29, 2018 by IC Insider.com

FirstCaribbean International Bank closed at a 52 weeks’ high on Thursday.

First Caribbean International Bank traded at a new high on the Trinidad & Tobago Stock Exchange, after the bank announced that they filed application with the Securities Commission for listing of the shares on the New York Stock Exchange.
The bank with branches sprawled all over the economically troubled Caribbean basin reported improved profit results in the quarter ending January with profit rising by 13.2 percent from US$33.77 million to US$38.24 including minority interest, as loans grew modestly over the one year period, from US$6.14 billion to US$6.34 billion.
Market activity ended with 9 securities changing hands compared to 14 securities on Wednesday, with 4 stocks advancing, 2 declining and 3 remaining unchanged. Trading resulted in 264,376 shares valued at $2,045,015 changing hands, compared to 156,799 shares valued at $1,663,812 on Wednesday.
At close, the Composite Index gained 1.10 points on Thursday to 1,263.93, the All T&T Index gained 0.40 points to 1,698.91, while the Cross Listed Index rose shed 0.25 points to close at 111.83.
IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids lower than their last selling prices and 5 with lower offers.
Gains| First Caribbean International Bank rose 15 cents and settled at a 52 weeks’ high $9.50, after exchanging 123,125 shares. National Enterprises closed with a gain of 4 cents and completed trading at $9.79, with a mere 30 units, Scotiabank gained 9 cents and settled at $62.65, after exchanging 262 shares and Trinidad & Tobago NGL finished trading with a gain of 25 cents to $27.75, after exchanging 22,627 shares.
Losses| JMMB Group concluded trading with a loss of 10 cents at $1.75, with 113,925 stock units changing hands and National Flour fell 2 cents and settled at a 52 weeks’ low of $1.68, after exchanging 1,920 shares as profit for 2017, fell from $35 million to $29 million with earnings per share of 24 cents.
Firm Trades| Massy Holdings ended at $47.40, with 619 stock units changing hands, Sagicor Financial completed trading at $7.75, with an exchange of 1,254 units and Trinidad Cement ended at $2.60, with 614 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, JMMB Group, Massy Holdings, National Enterprises, National Flour Mills, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Junior Market in recovery mode – Wednesday

March 28, 2018 by IC Insider.com

The Junior Market Index recovered most of the decline it suffered on Tuesday as it advanced by 23.72 points to close at 2,928.68 on Wednesday.
At the close of market activities, 22 securities changing hands, the prices of 8 securities advanced, 8 declined and 6 remained unchanged, compared 18 securities changing hands on Tuesday.
Trading ended with an exchange of 5,856,105 units valued at $19,587,652, compared with 7,383,582 units valued at $28,485,859 from 24 securities changing hands on Tuesday.
Market activity ended with an average of 266,187 units for an average of $890.348 compared to an average of 307,649 units for an average of $1,186,911 on Tuesday. The average volume and value for the month to date, amounts to 155,001 units at $638,574, compared to an average of 149,286 units at $625,633, on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 7 stocks ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 25 cents at a 52 weeks’ low of $1.95, with 226,097 stock units, Cargo Handlers settled with a loss of 83 cents at $9.57, with 3,000 shares, Caribbean Cream ended trading 1 cent higher at $6, with 31,000 shares, Caribbean Producers finished trading 23 cents higher at $4.90, with 100,195 units, Consolidated Bakeries closed at $2.02, with 2,011 shares. Dolphin Cove finished with a loss of 70 cents at $17.20, with 100 stock units, Elite Diagnostic settled with a loss of 3 cents at $3.22, with 187,108 units, Express Catering traded 38 cents higher at $5.48, with 135,800 shares, FosRich Group finished trading at $2.50, with 24,500 shares. General Accident closed with a loss of 34 cents at $2.85, with 500,000 stock units, GWest Corporation ended 40 cents higher at $3.10, with 3,916,380 units, Honey Bun concluded trading 25 cents higher at $4.65, with 4,200 shares, ISP Finance climbed $1.50, to settle at $15, with 2,000 shares. Jamaican Teas ended trading 30 cents higher at $4.75, with 19,248 stock units, Jetcon Corporation traded with a loss of 2 cents at $4.23, with 10,000 units, Knutsford Express ended $1.48 higher at $14.48, with 176 shares, Lasco Distributors concluded trading with a loss of 1 cent at $4.04, with 10,747 stock units. Lasco Financial finished at $4.92, with 93,418 units, Lasco Manufacturing settled with a loss of 25 cents at $4, with 878 shares, Main Event ended trading at $5.90, with 542,115 shares, Paramount Trading finished trading at $3, with 9,634 stock units and Stationery and Office closed at $5.50, with 37,498 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.