Junior market Cargo Handlers, reported their first quarter results to December, last year, continuing the strong growth trend of the 2014 fiscal year, with another impressive increase in operating revenue which jumped 40 percent over 2013, to $62 million. Profit was up by 43 percent to $40 million, ending with earnings per share of 96 cents. Other income fell from $6.8 million to $341,000.
Trading on the Junior Market was very low but for lack of buying interest but more due to sellers holding out for higher prices and in a number of cases there is no selling interest for nearly a third of the listings.
The market closed with only 4 securities traded and ended with 78,878 units valued at $142,210. The JSE Junior Market Index declined 0.35 points to close at 692.76, with the price of 1 advancing and none declining. At the close, there were 5 stocks with bids higher than their last selling prices and only 1 stocks with the offer that was lower. The junior market closed with only 3 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Stocks trading are, Caribbean Producers closing with 970 shares and gained 1 cent to $2.05, Blue Power ending with 1908 units changing hands at $6.51, Eppley 9.5% preference share traded 10,000 units at $6 and Lasco Financial ended trading with 66,000 shares at $1.05.
Cargo Handlers profit up 43%
Trackbacks
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[…] junior market are, AMG Packaging ending with 30747 shares changing hands, 5 cents higher at $3.30, Cargo Handlers finished with 1,500 units with a gain of 25 cents to a new all-time high of $22, Caribbean Cream […]
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[…] are, Access Financial traded 7,428 units and added 1 cent to end at $15.10, a new 52 weeks’ high, Cargo Handlers closed at a new 52 weeks high of $21.50 by gaining 50 cents with 20,000 shares trading. Caribbean […]
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[…] offered for sale.Stocks trading in the junior market are, AMG Packaging with 37,855 shares at $3, Cargo Handlers with 3,700 units at a new all time high of $20.11, after putting on 1 cent, Caribbean Producers had […]
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[…] Cargo Handlers climbed $1.80 on Friday […]
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[…] buy and 6 securities had no stocks being offered for sale. Stocks trading in the junior market are, Cargo Handlers finished with 800 shares as the price jumped at 80 cents to a new all-time high of $17, Caribbean […]
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[…] are, Access Financial closed with 6,920 shares trading with an increase of 24 cents to $9.20. Cargo Handlers exchanged 21,915 units, as it gained 20 cents to close at an all-time high of $16.20, Lasco […]
[…] 7 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Cargo Handlers having 10,000 shares trading to close at $22.08, Caribbean Cream closed with 1,495,613 shares […]