JSE: 11 Declining stocks & 12 gained

Wednesday, 26th February 2014 | Trading on the Jamaica Stock market resulted in the prices of 12 stocks rising and 11 declining as 30 securities traded totalling 11,939,265 shares valued at $66,143,847.

National Commercial Bank. after trading $140,618,525 or 88 percent of the value of stocks on Tuesday, was the dominant again with $37,273,344 or more than half the value of stocks traded today.

Main Market | Nine companies in the main market advanced and 9 declined as the indices moved up marginally with the JSE Market Index up by 56.34 points to 79,208.99 and the JSE All Jamaican Composite index moved up 85.45 points to close at 84,045.57.

Gains | Stocks recording gains are Cable & Wireless, trading at a new intraday 52 weeks high of 41 cents, closing at 40 cents for another closing 52 weeks high of a one cent gain while trading 1,519,531 shares; Caribbean Cement closed at $4.80 as the price gained 10 cents with 65,916 units changing hands; Carreras traded only 600 units to close up by 40 cents at $35; Grace Kennedy had 5,150 units trading at $55 at the close with a 43 cents rise; Jamaica Broilers contributed 10,371 units as the price inched up 2 cents at $4.92; Jamaica Money Market Brokers 8.75% preference shares put on a cent to close at $3.01 with 349,400 units; National Commercial Bank had 1,960,431 shares trading at $19.01 at the close by putting on a cent; Pan Jamaican Investment had only 850 units trading as the price gained 74 cents to end at $48.80 and Scotia Group traded 264,133 units at $21.10 for a 53 cents gain at the end of trading ahead of the release this Thursday of the groups’ first quarter results to January.

JSEIndicesFeb26Firm | There were only two stocks in the main market to close without a price change. Desnoes & Geddes with 831,517 shares at $5 and Mayberry Investments with a mere 2,652 units at $1.90.

Proven Investments 8% preference shares traded 79,320 units and closed at $5.09.

Declines | The number of stocks that declined increased over Tuesday’s trading with Berger Paints losing 5 cents to end at $1.80 with 18,999 shares; Ciboney with 4,000 shares lost 4 cents to close at 6 cents; Hardware & Lumber 4,400 shares traded at $8, a decline of 20 cents; Jamaica Money Market Brokers with 16,267 shares lost 3 cents in closing at $7.45; Radio Jamaica had 3,100,000 shares changing hand and resulted in a 24 cents fall to $1.36; Sagicor Group 11,995 shares closed down 20 cents at $8.80; Sagicor Investments traded just 1,800 units and lost 90 cents in closing at $17.10; Scotia Investments lost 25 cents to close at $25.25 while trading 7,500 units and Seprod with 304,000 units lost 8 cents and closed at $10.92.

Junior Market | The JSE Junior Market Index declined by 2.16 points to close at 742.00 as 9 stocks traded with 3 advancing and 2 declining.

Gains | AMG Packaging traded 1,919 units to close at $3.55, up 5 cents; General Accident with 9,400 shares traded resulting in the price moving up 5 cents to $1.75; Paramount Trading put in 1,000 shares to close up 12 cents at $3.

Firm Trades | Derrimon Trading traded 1,670,000 units at $2.50; Lasco Manufacturing 338,154 shares at $1.20; Lasco Financial Services 10,000 shares at $1.30 and Honey Bun 5,500 units at $3.05.

Declines | Blue Power traded 251,000 units at $9.01 down a cent and Lasco Distributors had 1,093,460 shares changing hands at $1.30, off by a cent.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.

JSE: NCB dominates again

Tuesday, 25th February 2014 | Trading on the Jamaica Stock market resulted in 11,445,325 shares trading valued at $160,003,244 as National Commercial Bank shares accounted for $140,618,525 of the value. The price of 8 stocks gained and 8 declined resulting in minor index movements.

Main Market | Half of the companies with positive price movements were from the main market as the JSE Market Index advanced by 14.97 points to 79,152.65, the JSE All Jamaican Composite inched up by 22.72 points to close at 83,960.12.

Gains | Desnoes & Geddes trading 901,564 shares valued at $4,507,587 with the price rising by 10 cents to close at $5; Grace Kennedy with 988 shares trading at $54.57 for a one cent gain; Hardware & Lumber 10,875 shares at $8.20 up by 10 cents; and Pan Jamaican Investment with 35,270 shares to close at $48.06 for a cent gain.

JSEIndicesFeb25Firm | Barita Investments traded 1,000 unchanged at $2.50; Cable & Wireless 495,924 shares at 39 cents; Carreras 2,847 shares to close at $34.60; Jamaica Broilers 50,548 shares to end at $4.90; Mayberry Investments 5,100 shares, closing at $1.90; National Commercial Bank 7,402,250 shares at $19 valued at $140,618,525.

In the preference segment, Jamaica Money Market Brokers 8.50% preference shares traded 400 units at $3.50 and the 8.75% stock traded 31,708 units at $3.00. Proven Investments 8% preference share traded 300,640 units at $5.09.

Declines | Proven Investments traded 8,500 units and closed down US0.37 cents at US17.62 cents; Jamaica Money Market Brokers had 2,600 units at $7.48, declining by 2 cents; Gleaner 22,843 shares at $1.10 off by 5 cents; Scotia Group had 162706 units changing hands to close at $20.57 for a 13 cents decline; Sagicor Group traded 12,007 units at $9 as the price fell by 15 cents; Caribbean Cement 36,736 shares as the price closed at $4.70 down by 27 cents.

Junior Market | The JSE Junior Market Index declined by 2.97 points to 744.16 even as advancing stocks exceeded declining ones.

Gains | Blue Power closed with 283,700 shares trading to close at $9.02, an increase of 2 cents; Caribbean Cream traded 25,000 units at 90 cents up 5 cents; Honey Bun 4,820 shares to close at $3.05, up 5 cents; Lasco Distributors 29,000 shares to close at $1.31, up 1 cent.

Firm Trades | Stocks trading firm are Cargo Handlers with 20,667 shares at $15; Derrimon Trading 1,030,000 units closing at $2.50; Lasco Financial Services 3,000shares at $1.30.

Declines | Lasco Manufacturing traded 33,605 units to close at $1.20 for a 3 cents fall; Caribbean Producers traded 520,644 units to end at $2.70, down 5 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

Recent insider trades

Trading by insiders in their company stock on the Jamaica Stock Market can give insights to investors.

National Commercial Bank Jamaica advised that a related party purchased 1,590,083 of its shares on February 21, 2014.

National Commercial Bank Jamaica Limited advised that a connected party purchased 498,100 of its shares on February 14, 2014 and also advised that a related party purchased 46,986 of the shares on February 11, 2014.

National Commercial Bank Jamaica advised that a related party purchased a total of 20,089,111 of the bank’s shares on February 4, 2014. Shares totalling 18.25 million were traded on the Trinidad Stock Exchange and the rest on the Jamaica Stock Exchange.

Scotia Group advised that a senior manager sold 50,000 of the group’s shares on January 31, 2014.

Mayberry Investments (MIL) advised that a related party purchased 1,222,206 of the company’s shares on January 23, 2014.

KLE Group Limited has advised that a director sold 56,860 of the company’s shares on January 21, 2014.

The Gleaner Company advised that a senior manager sold 210,000 of the company’s shares on January 21, 2014.

Grace Kennedy has advised that as at January 2, 2014 a total of 1,440,062 of the company’s shares were purchased under the Share Buy Back Programme

Mayberry Investments (MIL) advised that a related party purchased 249,771 of the company’s shares during the period January 6 -10, 2014 and a related party sold 12,862 of the shares on January 9, 2014.

Mayberry Investments (MIL) reported a big inside trade on December 24, 2013 when a related party purchased 10,000,000 MIL shares from a related party who sold 10,168,266 of the company’s shares. The shares were traded between $2 and $2.02.

Desnoes & Geddes Limited (DG) reported that a director purchased 390,000 shares of  on December 24, 2013, the price the stock traded at was $5.

Scotia Group Jamaica Limited (SGJL) reported that a Senior Manager purchased 5,050 shares on December 20, 2013, the stock traded between $19-20.

Pan-Jamaican Investment Trust Limited reported that senior managers were issued a total of 45,740  shares under the Pan-Jam Long Term Incentive Plan on December 24, 2013.

National Commercial Bank (NCBJ) advised that a related party sold a total of 27,111,000 NCBJ shares on December 30, 2013. The stock traded at $17.50 and Scotia Investment was the selling broker with Mayberry Investments to buying broker. Additionally, two directors purchased a total of 15,553 of the company’s shares on December 19, 2013.

Consolidated Bakeries advised that a senior manager purchased a total of 170,300 of the company’s shares on December 20, 2013.

Grace Kennedy Limited advised that Non-Executive Directors acquired a total of 84,880 GK shares on December 13, 2013.

Scotia Group Jamaica Limited (SGJL) advised that a senior manager purchased 2,400 of the group’s shares on December 10, 2013.

Gleaner Company advised that a director purchased a total of 398,946 of the company’s shares during the period December 2 – 19, 2013.

Desnoes & Geddes Limited (DG) advised that a director purchased director purchased 500,000 of the company’s shares on November 19, 2013 and 32,224 during the period November 29, 2013 to December 2, 2013.

Consolidated Bakeries (PURITY) advised that a director purchased 223,000 shares during the period November 13 – 20, 2013.

JSE: NCB & Real Estate Fund dominate

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Monday, 24th February 2014 | Trading on the Jamaica Stock Exchange was dominated by National Commercial Bank with more than 6.2 million shares and Sagicor Real Estate Fund with 29.9 million units in trades that the stockbroker, Pan Caribbean Financial Services had big hands in. Cable & Wireless and Carreras were also highlighted, the former traded at a new new 3½ year high of 39 cents and the latter trading $5.5 million worth of shares.

The JSE Market Index fell 394.07 points to close at 79,137.68, the JSE All Jamaican Composite index declined by 597.78 points to 83,937.40 as 40,200,541 shares traded for a value of $337,696,517.

Main Market | Cable & Wireless closed at a new 3½ year high as investors picked up most of the shares on offer in a continued response to the improved December quarter results.

Gains | Cable & Wireless traded 2,395,400 shares with the price closing at 39 cents for a 4 cents gain and the highest closing price since August 20, 2010 when it closed at 40 cents. Jamaica Broilers Group traded 1,420 units for an 8 cents gain to close at $4.90; Jamaica Money Market Brokers had 15,680 units as the price inched up by a cent to $7.50 and Mayberry Investments gained a cent in trading 9,278 shares to close at $1.90.

JSEIndicesFeb24Firm trade | Stocks trading with unchanged prices are Barita Investments with 7,800 shares at $2.50; Grace Kennedy 1,250 units at $54.56; Jamaica Producers 30,000 shares at $18.26; Kingston Wharves 7,239 units at $6; National Commercial Bank  6,205,995 shares to close at $19; Sagicor Group 12,700 units at $9.15; Salada 6,500 shares to close at $9 and Scotia Group 14,217 units at $20.70.

Declines | Carreras traded 164,394 units but closed at $34.60 by shedding $1.41; Desnoes & Geddes 26,875 shares to close at $4.90 as the price eased back by 10 cents; Jamaica Money Market Brokers 8.75% preference shares traded 10,000 shares to close at $3 for a decline of a cent; Sagicor Real Estate Fund traded a large volume of 29,869,023 units to close down to $6.95 by slipping 5 cents; Scotia Investments 11,135 units to close at $25.50 down by 49 cents and Pan Jamaican Investment 13,600 shares to close at $48.05 a fall of 94 cents.

Junior Market | The JSE Junior Market Index advanced by 6.58 points to close at 747.13 with 3 stocks trading with higher prices at the end of Monday’s trading and none closing lower.

Gains | Stocks trading higher were Blue Power with 1,500 shares as the price edged up 1 cent to close at $9.01; Consolidated Bakeries 16,000 shares, closing up by 10 cents to $1.15 and Lasco Manufacturing  45,630 units at $1.23 for a 3 cents gain.

Firm trade | Stocks without a change in price are Access Financial Services with 7,800 shares to close at $10; Derrimon Trading, 1,000,000 shares to end at $2.50; Lasco Distributors 256,190 units at $1.30; Lasco Financial Services 49,550 shares at $1.30 and Caribbean Producers 21,365 units at $2.75.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling price and 4 stocks with offers that were lower.

Buy Rated: Ja Teas & JMMB big gains

Friday, 21st February 2014 |  This week on the Jamaica Stock Exchange, Jamaican Teas gained 19 percent and on the Trinidad Stock market, Jamaica Money Market Brokers (JMMB) 11 percent on the Trinidad market.

Meanwhile, Cable & Wireless, a new selection to the Buy Rated list gained 6% during the past week. General Accident also increased by 6 percent.

Lasco stock continue to be lacklustre with Lasco Distributors and Lasco Financial both shedding 7 percent and Lasco Manufacturing down 8 percent.

BuyRatedTable21FebUpdated reporting | The performance tracking of the Buy Rated Stock Chart shows details of stock gains since selection and now shows the performance for the week. Accordingly, there will no longer be weekly comments on changes as the chart shows the latest movements.

Related posts | D&G, Carreras & C&WJ now Buy RatedTeas profit up 32 percent | JMMB Q2 profits jumps 56%

JSE: Market closes up

Friday, 21st February 2014 | The Jamaican stock market closed the week with the main indices increasing to partially recover from two previous days of decline. The JSE Market Index gained 168.44 points to close at 79,531.75 and closed the week down by 82 points, the JSE All Jamaican Composite increased by 595.32 points to 84,535.18 and closed the week higher than it started by more than 200 points.

Main Market | Advancing and declining stocks were almost evenly divided at the end of trading as National Commercial Bank dominated trading with 1.6 million units along with Carreras with nearly 1 million units and Desnoes & Geddes with 2 million units.

Gains | Caribbean Cement exchanged 2,100 shares at $4.97 for an increase of 27 cents; Carreras put in 980,789 shares at $36.01 for a one cent gain; Jamaica Money Market Brokers had 3,528 units trading at $7.49 as the price inched up by a cent; Jamaica Money Market Brokers 8.75% preference share contributed 3,000 units to rise by a cent at $3.01; National Commercial Bank was active in trading 1,590,083 units to close at $19.00 for a gain of 98 cents and Seprod had only 950 units changing hands to close up 10 cents at $11.00.

JSEIndicesFeb21Firm trade | There were only few stocks that traded with unchanged prices. First Caribbean International Bank traded 25,455 units to close at $80; Proven Investments had 580 units at US1799 cents; Sagicor Group had 169,967 shares at $9.15; Sagicor Real Estate X Fund 39,216 units at $7 and Supreme Ventures  59,000 shares at $2.40.

Declines | Cable & Wireless traded 718,201 but the price slipped by 2 cents to end at 35 cents; Desnoes & Geddes swapped 2,015,946 shares at $5 each and lost a cent in the process; Grace Kennedy gave up 94 cents as the stocks traded 3,808 units to close at $54.56; Jamaica Broilers lost 8 cents to close at $4.82 with 31,950 shares; Pan Jamaican Investment had only 350 units trading at $48.99 for a one cent fall; Scotia Group traded 45,965 units but the price slipped by 35 cents to close at $20.70 and its subsidiary, Scotia Investments, closed down a cent as it traded 16,550 units to end at $25.99.

Junior Market | The JSE Junior Market Index declined by 2.79 points to close at 740.55 and kept below the close of the previous week by 26 points.

Gains | Only two junior market stocks recorded gains with Caribbean Producers exchanging 240,000 shares to close at $2.75 for a 3 cents increase and General Accident Insurance 5,000 units to close at $1.70, up 5 cents.

Firm trade | Two stocks closed unchanged. Blue Power having 1,400 shares at $9.00 and Paramount Trading 11,535 shares at $2.88.

Declines | The four junior market stocks suffered price declines include Consolidated Bakeries with 447,896 shares at $1.05 for a 5 cents fall; Lasco Distributors 219,643 units in closing at $1.30 having declined by 5 cents; Lasco Financial Services closed while trading 195,700 units at $1.30, as it too fell by 5 cents and Lasco Manufacturing traded 46,241 shares with a 3 cents fall to close at $1.20.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling prices and 5 stocks with offers lower.

JSE: Main market stocks dominates

Thursday, 20th February 2014 | There was trading in 29 securities resulting in 6,367,485 shares with a value of $16,139,565 with 9 stocks rising and 7 declining in today’s trading on the Jamaica stock market Main market stocks did better than the junior market with less than half of the declining stocks coming from the main market, while all but one stock with gains came from the main market. More than a third of the volume was accounted for by Cable & Wireless that rose to a new 52 weeks high.

Main Market | The JSE Market Index declined by 201.56 points to close at 79,363.31 and the JSE All Jamaican Composite fell 305.75 points to 83,939.86 even as advancing stocks in the main market out distanced declining ones by a wide margin.

Gains | Unlike Wednesday when there were only 3 stocks rising in the main market, in today’s trading 7 stocks recorded gains and one in the US dollar market as investors continue to view the latest results for Cable & Wireless favourably. The stock traded 2,348,000 shares to close at a new 52 weeks high of 37 cents by gaining a cent. Desnoes & Geddes traded 5,520 units as the price rose by a cent to close at $5.01; Jamaica Broilers traded 34,497 shares to close up 10 cents at $4.90; Pan Jamaican Investment contributed only 1,170 units at $49, for a 95 cents gain; Proven Investments trading in the US dollar market exchanged 19,010 units at US17.99 cents, as the price gained US0.49 cents; Sagicor Group with 706,311 shares closed gained 15 cents at $9.15; Scotia Group had a volume of 16,759 while closing at 5 cents more at $21.05 and Supreme Ventures 922,600 shares at $2.40 for a 5 cents gain.

JSEIndicesFeb20Firm Trades | Berger Paints having 35,676 units trading to close at $1.85; Gleaner 5,000 shares to close at $1.15; Grace Kennedy with 1,310 shares changing hands at $55.50; Jamaica Money Market Brokers 7.50% preference shares 150,000 units at $2, and the 8.75% preference share, 340,600 units at $3; Jamaica Producers, produced 10,931 units to close at $18.26; Kingston Wharves 2,500 units at $6; Mayberry Investments 39,249 units to end at $1.89 and Salada Foods 1,950 shares to close at $9.

Losses | There were only 3 stocks that declined in the main market as Jamaica Money Market Brokers traded only 3,066 shares to close 2 cents down at $7.48; Sagicor Real Estate X Fund had 12,784 shares trading with the price falling by 10 cents to end at $7 and National Commercial Bank traded 18,200 units to close at $18.02 for a 48 cents fall.

Junior Market | The JSE Junior Market Index declined by 8.40 points to close at 743.34 as there was trading in 9 securities in this market.

Gains | Lasco Distributors was the only stock to trade up in the junior market with 850,000 units, gaining 5 cents to close at $1.35.

Firm trades | Four stocks traded unchanged at the close of the market with Blue Power Group having a volume of 4,472 units to close at $9; Derrimon trading with 219,000 shares to close at $2.50; General Accident Insurance having 207,900 units at $1.65 and Lasco Manufacturing 89,133 units at $1.23.

Losses | Four stocks lost value in the junior market with Access Financial Services slipping 60 cents while trading 39,074 units to close at $10; Dolphin Cove with 67,278 shares closed down 20 cents at $8.30; Lasco Financial Services saw 187,160 shares trading to close at $1.35 for a 10 cents drop and Paramount Trading exchanged 28,335 units as the price edged down by 12 cents to $2.88.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling price and 4 stocks with offers that were lower.

JSE: Stocks trading unchanged on top

Wednesday, 19th February 2014 | There was trading in 32 securities resulting in 4,788,900 shares with a value of $10,931,649 as 5 stocks rose and 7 declined in today’s trading on the Jamaica stock market. Twenty stocks closed unchanged in price.

Main Market | The JSE Market Index declined by 352.05 points to close at 79,564.87 and the JSE All Jamaican Composite fell 534.04 points to 84,245.61.

Gains | Cable & Wireless traded 2,263,421 shares to close back at its recent high of 36 cents by gaining 2 cents; Carreras traded 7,900 units as the price moved up by 85 cents to close at $36 and Mayberry Investments contributed 36,956 units at $1.89, a 4 cent gain.

Firm Trades | Stocks that traded with unchanged prices were greater than those with price changes with Berger Paints having 1,500 units trading to close at $1.85; Caribbean Cement 16,000 shares at $4.70; Grace Kennedy with 6,657 shares changing hands at $55.50; Jamaica Broilers, 22,242 shares at $4.80; Jamaica Money Market Brokers ordinary shares 3,202 units at $7.50; Jamaica Money Market Brokers 7.50% preference shares 824,800 units at $2; the 8.50% preference shares only had 400 units at $3.50 and the 8.75% preference share, 35,000 units at $3; Jamaica Producers, 290 units at $18.26; Kingston Wharves 16,696 units at $6; National Commercial Bank 13,200 shares at $18.50; Sagicor Real Estate X Fund 1,300 units at $7.10; Scotia Group 105,909 units at $21 and Supreme Ventures 9,891 shares at $2.35.

Losses | Three stocks that declined in the main market were Proven Investments in the US dollar market trading 5,590 units at US17.5 cents, declining by US0.49 cents; Salada Foods with 8,000 shares trading to close at a cent down at $9; Scotia Investments 2,000 shares as the price lost 35 cents to end at $26 and Sagicor Group with 76,687 shares at $9, down 50 cents.

JSEIndicesFeb19Junior Market | The JSE Junior Market Index declined by 4.12 points to close at 751.74 as advancing stocks were hard to find in this market.

Gains | Cargo Handlers Limited closed at a new all-time high of $15 while trading 91,250 units for a gain of 80 cents and Caribbean Cream had 21,000 shares trading at 85 cents for a 4 cent increase.

Firm trades | Stocks trading unchanged dominated trading with General Accident Insurance having 124,757 units at $1.65; Honey Bun 15,026 shares at $3; Lasco Distributors 120,257 units at $1.30; Lasco Financial Services 319,900 shares at $1.45; Lasco Manufacturing 70,000 units at $1.23 and Paramount Trading 3,700 units at $3.

Losses | Only 3 stocks lost value with Caribbean Producers slipping 3 cents while trading 501,369 units to close at $2.72; Medical Disposables & Supplies 58,000 units as the price edged down by 6 cents to $2 and Dolphin Cove with 6,000 shares to close down 10 cents at $8.50.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling price and 2 stocks with offers that were lower.

TTSE: Still exhibiting weakness

Wednesday, 19th February 2014 | Trading remained subdued on the Trinidad & Tobago Stock Exchange with only 37,483 shares trading valued at $1,826,137. On Tuesday 29,258 shares traded with a value of $1,647,664.

Overall Market activity resulted in 10 securities trading of which 2 advanced, 2 declined and 6 traded firm. The effect of the price changes were reflected in the market indices with the Composite Index advancing by 0.05 points to close at 1,192.43, the All T&T Index inched up by 0.10 points to close at 2,000.44 and the Cross Listed Index remained at 50.49.

Gains | Guardian Holdings with 2,600 shares valued at $36,821 to close at $14.16 and Unilever with 220 units to close at $56.54, both stocks gained a cent each.

Losses | First Citizens Bank had 4,410 shares traded for $171,892 and closed at $38.97 and Agostini’s contributed 4,000 shares with a value of $71,139 to close at $17.79 both declining by a cent.

TTSEFeb19Firm Trades | Clico Investment Fund posted 8,225 shares valued at $178,473 with the price remaining at $21.70; Neal & Massy traded 789 units to close at $66.25; One Caribbean Media traded only 20 shares to end the day at $19.25; Scotia Bank had 15,553 shares changing hands for a value of $1,119,816 with the price closing at $72; Republic Bank traded 1,560 to close at $117 and Point Lisas Industrial Port Development traded 106 units $3.60.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 2 stocks with offers that were lower.

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D&G, Carreras & C&WJ now Buy Rated

IC Insider has added Desnoes & Geddes, Carreras and Cable & Wireless Jamaica to the Buy Rated list.

Desnoes & Geddes reported gains of 21 percent for the six months to December, earnings excluding one-off items and is poised to earn 80 cents for the full year ending in 2014. Forecasted earnings for the 2015 year is $1.10.

For Carreras the worse seems to be over with the last set of interim figures showing sales starting to recover from the impact caused by the price increase and the stock piling of cigarettes in the 2012 December and March 2013 quarters. IC Insider’s forecast is for earnings of around $5 per share for the year to March 2014.

Cable & Wireless’ sharp increase in cellular revenues and cost cutting will change the bottom-line markedly going forward.

Berger Paints Jamaica has been added to the market watch list flowing from a revival in earnings for the March 2014 year.

Related posts | D&G elevated to Buy Rated!Carreras is backCWJ loss down with much progress | Berger keeps profit gains

BUY&WATCHFeb12th

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