Berger price bounces 43%

 Berger Paints recovered from a $12.50 the previous week to land 43 percent higher at $17.87 this past week to sit at ninth position in the list for the week when they were no new addition to the TOP 10 lists. The other notable mover was Caribbean Producers that landed at $3.68 from $3.30.
Jamaica Broilers released full year results to April with earnings per share of $1.85, IC has upgraded 2018 earnings to $2.60 per share. tTech had the annual general meeting during the past week. Coming out of the meeting is management disclosing that, they have implemented a number of measures that is improving efficiency that will allow them to take on more business without the need to increase staff compliment for a while. They also pointed out that the sale team have been working to bring in new business and they expect increase business activity in the second half of the current year. Additionally, management took the recommendation about a possible stock split and informed the meeting that the board will discuss same.
Market movement continues to be constrained by near term resistance levels but it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is 7.6 and 7 in the main market, these compare favourably with 13.7 for the overall main market and 12.7 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below these averages, and have potential for more gains in the months ahead, barring major negative developments.
At the close of the week, IC’s TOP 10 Junior Market stocks now trade at an average discount of 40 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.

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