Just one new stock for IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week but Lasco Financial was the sole stock falling from the TOP 10 listings and letting Jamaican Teas back in.
Rising stock prices in the last week help in reducing the projected gains for some of the leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 242 percent, followed by Caribbean Producers 233 percent and tTech with possible gains of 202 percent.
Radio Jamaica with potential gains of 161  percent leads main market stocks, followed by Sterling Investments with 156 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year.
The main market, closed the week with the overall PE rising to 15.2 but the Junior Market remains at 11.1. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 9.1. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

3 new stocks now in IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week as Lasco Financial returns along with Caribbean Cement and Sagicor Group.
Leaving IC Insider TOP 10 at the end of the week are Everything Fresh, Jamaica Broilers and Sygnus Credit Investments.
Rising stock prices in the last week help in reducing the projected gains in to leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 227 percent, followed by Iron Rock with likely gains of 213 percent and AMG Packaging with possible gains of 202 percent.
Sterling Investments with potential gains of 203 percent leads main market stocks, followed by Radio Jamaica with 150 percent and Berger Paints in third spot with the potential to gain 147 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.2. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.8. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Lasco stocks bow out of IC TOP 10

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

 

Profit jumps 92% at Lasco Manufacturing

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Profit jumped 92 percent at IC BUY RATED, Lasco Manufacturing for the year to March 2019, to $1.08 billion, from $561 million in 2018 and $707 million for 2017.
The profit for the year got support from a huge 41 percent jump in sales of $1.954 billion for the March quarter, pushing sales revenue up 13.6 percent to $7.57 billion, for the year.
Improvement in profit margin rose to 36 percent from 35 percent in the 2018, as input cost climbed much slower than revenues growth at 10 percent, to $4.8 billion. The effect, operating profit rose a strong 20 percent to $2.756 billion from $2.29 billion. Administrative, marketing and sales expenses rose much slower than growth in revenues at 4.7 percent to $1.5 billion.
The positive out turn reflects growth in volumes, improved operational efficiencies and streamlining and cost control.

Lasco Manufacturing products

Gross cash flow brought in $1.4 billion but growth inventories, addition to fixed assets of $588 million offset by net loan inflows, dividend payment, reduced receivables and increased payables resulted in cash rising by $1.1 billion, leaving cash on hand and bank at $1 billion.
At the end of March, shareholders’ equity stands at $5.85 billion with borrowings at $1.4 billion. Net current assets ended the period $2.26 billion well over Payables of $813 million. The company completed the 65,000 feet warehouse that is expected to simplify logistics and result in cost savings.
Earnings per share came out at 26 cents for the year and is projected at 45 cents for the 2020 fiscal year. The stock traded at $3.25 on the Junior Market of the Jamaica Stock Exchange with an attractive PE ratio of 7.2 times 2020 earnings, well below the market average.
The company will pay a dividend of 3.8 cents per share during the year, resulting a total payment of $155 million.

Sweet profit baking at Honey Bun

Honey Bun doubles Q2 profit.

Profits before tax increased by solid 82 percent to $72 million for the Junior Market listed Honey Bun for the company’s second quarter to March. Profit after tax surged a much stronger 104 percent over the similar 2018 period to $71 million.
For the second quarter to March, revenues increased 15.5 percent over the correspondent quarter last year to $406 million from $352 million in 2018, with the growth bettering the 14.2 percent or $36 million revenues in the first quarter to December.
Revenues from export sales have increased by 16 percent over the prior period, sales growth is attributable to our meeting customer demand having invested in increasing our production capacity over the period,” the director informed shareholders in their report accompanying the quarterly results. For the six months period, revenues increased by 15 percent over the correspondent of last year to $775 million, up from $675 million in 2018 while profits before tax increased by 57 percent to $112 million and after tax profit grew 75 percent to $109 million. The financial performance was driven by improvements in productivity, process efficiencies and other cost savings initiatives. Administrative, Marketing and finance cost rose 13 percent in the second quart and 17 percent for the half year compared to the similar periods in 2018.

One Honey Bun’s Products.

Earnings per share for the six months period rose to 23 cents from 13 cents in 2018 and for the quarter from 7.4 cents to 15 cents. For the full year, IC Insider.com forecast earnings of 45 cents per share with 2020 projected to reach 75 cents.
Total current assets less current liabilities amounted to $178 million, up from $115 million in 2018. The company’s cash as stood at $166 million with investments at $85 million while borrowed funds amount to just $26 million. Shareholders’ equity ended the period at $713 million.
The stock traded last on the Junior Market of the Jamaica Stock Exchange at $5.01 at a PE ratio of 11 times 2019 earnings, well below that of the majority of companies.

Wigton blows out of IC TOP 10

Investors blew Wigton shares out of IC TOP 10 last week.

Wigton Windfarm, the third highest ranked IC Insider.com TOP 10 main market stock last week, gained over 60 percent since listing on Wednesday to close at 83 cents and is now out of the TOP 10 main market stocks.
Lasco Manufacturing is the only change to the Junior Market IC Insider.com’s TOP 10, replacing Consolidated Bakery while Grace Kennedy and Jamaica Broilers are in the main market Top list replacing Wigton and Sagicor Group.
The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 233 percent, followed by Caribbean Producers with likely gains of 233 percent and Lasco Financial with possible gains of 210 percent.  Of the three, Lasco Financial seems likely to break out after they release full year results later this week, but keep a keen eye on Lasco Manufacturing as well.
Radio Jamaica with potential gains of 165 percent leads main market stocks, followed by Sterling Investments with 156 percent likely gain and VM Investments in third spot with the potential to gain 150 percent within twelve months.
The main market, closed the week with the overall PE at 14.5 and the Junior Market at just 11.1. The PE ratio for Junior Market Top 10 stocks averages 7 and the main market PE 8.7. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Wigton IC TOP 10 stock sets to double

Wigton stock could double soon.

Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent.  Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

More changes in IC TOP 10

Eight consecutive days of record close, for the Jamaica Stock Exchange ended last week, but that did not prevent new additions to the main market IC Insider.com’s TOP 10.
At the same time, the Junior Market recorded strong gains in the week and reduced the year to date loss of nearly 10 percent to April down to just 5.3 percent.  While a number of companies released profit results last week many more are due this past and the market could get a jolt from some of them.
At the end of the past week, Jamaica Broilers and Stanley Motta moved out of the main market TOP 10 while Lasco Manufacturing and tTech moved up in price and left the Junior Market TOP 10.
Consolidated Bakeries and Main Event are the new additions to the Junior Market TOP 10 while IC Insider’s long standing TOP 10 main market stock, welcomed back, Sygnus Credit Investments that dropped out the previous week returns to the main market TOP 10 along with Grace Kennedy that reported below average first quarter results.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 248 percent, Elite Diagnostic with likely gains of 233 percent, followed by AMG Packaging with potential gains of 216 percent.
Radio Jamaica with potential gains of 173 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Victoria Mutual Investments in third spot with potential to gain 148 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for will certainly pushed the price higher when it lists and start trading.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 10.4. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE is now 8.5. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

JSE record run shakes up IC TOP 10

Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Sagicor Group & Jam Teas in IC TOP 10

Image courtesy suphakit73/FreeDigitalPhotos.net

Sagicor Group dropped to $44 at the close of the market for the past week and edged back into the IC Insider.com’s main market TOP 10, while Jamaican Teas closed at $3.60 and returned to the Junior Market TOP 10.
Berger Paints climbed to $21 at the end of last week and fell out of the top stocks, along with Main Event with a rise to $5.80 from $5 at the close of the previous week.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 281 percent, Iron Rock with potential gains of 243 percent and Lasco Financial with potential gains of 241 percent.
Victoria Mutual Investments remains the top Main Market stock with 167 percent likely gain, followed by Radio Jamaica with 159 percent and Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, falls to the number 5 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019. Caribbean Cement reported strong first quarter results and should move out of the TOP 10 this week.
The main market, closed the week with the overall PE at 13.4 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.2. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.