Jamaican Teas lists corporate bond

Monday, 25th November 2013 | Tanisha Samuels, Assistant to CEO John Mahfood, inserts the Jamaican Teas fixed & variable rate banner in the slot on the Jamaica Stock Exchange board prior to the start of trading today. To her left is the John Mahfood, the company’s CEO.
In today’s trading 1,000 units traded at $99.50 per 100 units.

Related posts | Jamaican Teas raises over $100m

New additions to Buy Rated stocks

Monday, 25th November 2013 | There are two additions to the Buy Rated and Market Watch list for the coming week. Added to the Buy Rated stock list is Jamaican Teas due to a 30 percent gain in profits for the year ended in September flowing from a 46 percent jump in export sales, sales of apartments in its first real estate development and expectation of further growth in 2014.

Carreras is added to the Market Watch list based on IC Insider’s assessment for earnings around $5 per share for the current fiscal year and dividend yield above 10 percent. Trading in the mid $30’s, this stock has a very good chance to head back into the mid $40 range.

BUyRatedGRowthNov25Performance tracking | During the past week, a few of the Jamaican stocks made some recovery with JMMB breaking even in Jamaica but has retreated in Trinidad. Access Financial is up 15 percent so far but Lasco Financial and Manufacturing are still off by good margins. The selections in the main market remain mostly under water, but the ideal time to buy may be slipping away as prices seem to be at their bottom. More importantly, there are indicators that a year-end market rally will happen again in December.

While Jamaica has disappointed, the same can’t be said about Trinidad. There are only two losers so far; Guardian Holdings and Scotia Investments. During the past week Neal & Massy, that had declined below the price at the time of selection, has bounced back from its low to be just slightly ahead at the close on Friday.

What seems clear, is that the focus ought to be on longer term performance rather than just short term gains. The Trinidad market performance of slow price movements illustrates this very well. There are also signs in the Jamaican market suggesting the same, the major difference being the Jamaican market is more aggressive with price movements.

Related posts | Exports push Jamaican Teas’ profit | Carreras down but not out |  Jamaican Teas raises over $100m

BUYRatedWatch_Nov25

 

JSE: Sagicor X Fund up 10% on IPO price

Friday, 22nd November 2013 | The Jamaica Stock Market recorded more gains on Friday and recorded two new highs and one new low with Sagicor Real Estate X Fund increasing 10 percent since last week’s listing to close at $5.50. Paramount Trading was the other to hit a new high.

A total of 26 securities traded on Friday amounting to 5,463,219 units valued at $10,046,554 as the prices of 11 stocks increased and 8 declined still positive but a little less so than on Thursday.

The JSE market index gained 297.10 to end at 77,384.08; the all Jamaica index closed at 76,339.89 for a gain of 516.50 and the junior market index closed up to 725.48 with a gain of 6.70 thus continuing the gains from Thursday.

Main Market trades | Cable & Wireless traded 1,808,024 shares to close at firm at 15 cents; Caribbean Cement 27,800 units as it gained 10 cents to close at $2.30; Carreras exchanged 9,518 units as the price moved up 30 cents to close at $36; First Caribbean International Bank delivered 16,553 units to new investors at $90.01, up a cent but the offer closed at $90; Jamaica Broilers Group 671,556 units traded to close at $4.20, down 4 cents; Jamaica Money Market Brokers traded 21,910 units to close down 10 cents at $8; Radio Jamaica 65,392 units at $1.30, down 4 cents; Sagicor Life exchanged 25,850 units at $7.80; Sagicor Real Estate X Fund added 10,989 units while closing at a new high of $5.50, up 30 cents; Scotia Group traded 107,442 shares to close at $17.06 down 44 cents; Seprod surprisingly, gained 50 cents while trading 3,374 units at $12.50.

Jamaica Money Market Brokers 8.75% exchanged 74,677 units at $2.90.

JSEIndicesNov22Junior Market | Start up C2W Music that has earned little income since listing in 2012 hit a new all-time low in trading on the stock market on Friday, as 2 million units changed hands, at 74 cents with the price falling by 19 cents. Caribbean Producers traded 92,000 units to close up 15 cents at $2.10; Consolidated Bakeries traded 215,000 shares to close at $1.35 for a loss of 4 cents; General Accident Insurance exchanged 63,915 units to close at $1.60; Lasco Distributors traded 18,300 units as the price moved up 5 cents to close at $1.50; Lasco Financial Services exchanged 20,200 shares to close at $1.03 up 3 cents; Lasco Manufacturing had 201,700 units changing hands at $1.25, down 15 cents; Paramount traded 900 units at a new high of $3.65, up 5 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is pointing to a fluid situation between advancing and declining stocks early into next week as there were bids for 6 stocks higher and 6 stocks with offers lower than their last selling price.

JSE: 15 stocks up only 3 down

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Thursday, 21st November 2015 | At the end of trading on the Jamaica Stock Exchange on Wednesday there were bids for 10 stocks that were higher than their last selling price and only 2 stocks with offers lower than their last selling price, an indication that prices are most likely to reverse the decline seen for a number of days. This is one of the strongest positive indicators for some time.

In today’s trading, the market did just that with 15 stocks recording price gains to only 3 that fell but the measure of overall market performance the index just moved up marginally. At the end of trading things seemed to have cooled a bit as seen by the narrowing of the bid offer numbers in our Market Sentiment Indicator. The JSE Market Index closing at 77,086.98 up 85.92; JSE All Jamaican Composite closed at 75,823.39 up 149.37 and JSE Junior Market Index closed at 718.78 up 13.55. Trading was for 1,517,875 units valued at $12.4 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks higher and 3 stocks with offers lower than their last selling price, another strong indicator of a possible turnaround in the offing.

Main Market stocks | In main market trading, Berger Paints traded 30,000 and was down 20 cents to $1.80; Caribbean Cement stock price gained 20 cents to close at $2.20 with 33,823 changing hands; Carreras gained 63 cents to $35.70 as 26,772 units traded; Gleaner had 400,000 units changing hands unchanged at $1.11; Grace Kennedy traded 97,241 units to close at $56, down 51 cents; Hardware & Lumber exchanged 20,600 as the price fell 36 cents to $4.20; Jamaica Broilers Group saw 14,500 of its shares changing hands to close at $4.24, up by 5 cents; Jamaica Money Market Brokers traded 236,931 units to close at  $8.10 $7.86 up by 24 cents; National Commercial Bank had another day of low trading with only 7,655 units as the price closed at $17.80, up 30 cents; Scotia Group exchanged 34,520 units to close at $17.50, up 50 cents and Scotia Investments had 11,000 shares trading at $27.99 for a gain of $1.98.

JSEIndicesNov21Proven Investments traded 101,250 to close firm at 12 US cents.

Junior Market | Trading picked up in the junior market with 9 companies involved in trading with Access Financial Services trading 23,000 shares to close up $1.22 at $9.50, a 52 weeks high; Caribbean Producers exchanged 163,909 units at $1.94 regaining the cent it lost in Wednesday’s trading; Caribbean Flavours & Fragrances had just 11,936 units trading firm at $2.60 and Lasco Manufacturing traded 275,998 units and closed up 15 cents to $1.40.

JSE: Market down, but points up next

Wednesday, 20th November 2013 | Trading activity on the Jamaica Stock Exchange resulted in 4 stocks advancing to 9 that declined as the indices mostly fell with JSE Market Index closing at 77,001.06 down 427.23; JSE All Jamaican Composite closed at 75,674.02 down 742.72 and JSE Junior Market Index closed at 705.23 down 14.74. KLE Group hit $1.10 and Caribbean Cream 88 cents, new all-time lows for both. Trading was for 1,648,532 units valued at $12.7 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 10 stocks higher and 2 stocks with offers lower than their last selling price, one of the strongest indicator for some time.

Main Market stocks | In main market trading, Cable & Wireless traded 213,611 units unchanged to close at 15 cents; Caribbean Cement stock price lost 22 cents to close at $2 with 84,800 having changed hands; Jamaica Money Market Brokers traded 32,514 units to close at $7.86 up a cent; National Commercial Bank had only 6,150 units as the price closed at $17.50, down 30 cents; Sagicor Life put in 32,561 units and closed at $7.80, for a gain of 5 cents; Sagicor Real Estate X Fund traded 28,912 units to close firm at $5.20. Scotia Group exchanged 595,250 units to close at $17, down 11 cents.

Proven Investments traded 15,400 to close up at 12 US cents.

JSEIndicesNov20In the preference shares segment, Jamaica Money Market Brokers 8.75% traded 8,470 units at $2.90 down 10 cents and Proven Investments 8% traded 60,000 units to close unchanged at $5.09.

Junior Market | Trading picked up in the junior market with 9 companies involved in trading with KLE Group trading 7,187 units to close at a new low of $1.10 off by 20 cents; Blue Power Group traded 9,000 units, the price held firm at $9.28; Caribbean Cream traded 15,500 units to close 14 cents lower at a new all-time low of 88 cents; Caribbean Producers exchanged 37,055 units at $1.94 down a cent; Consolidated Bakeries had just 1,000 units trading at $1.39 up 19 cents; General Accident Insurance swapped 37,750 units at $1.60; Lasco Distributors had a reasonable day with 260,000 units trading to close firm at $1.45; Lasco Financial Services traded 183,220 units to close firm at $1 and Lasco Manufacturing traded 221,000 units and closed down 13 cents to $1.38.

JSE: Scotia dominates Tues 19th

Tuesday, 19th November 2015 | Scotia Group was by far the dominant stock to traded days ahead of 2013 final results as 5,598,433 units traded as the price closed down 39 cents at $17.11. It also accounted for the bulk of the value of trading with $97,970,828 out of a total of $113.15 million.

Trading activity on the Jamaica Stock Exchange resulted in 7 stocks advancing to 6 that declined as the indices mostly rose with JSE Market Index closing at 77,428.29 up 241.79, JSE All Jamaican Composite closed at 76,416.74 up 420.34 and JSE Junior Market Index closed at 719.97 down 5.11.

Main Market stocks | Cable & Wireless traded 213,611 units unchanged to close at 15 cents; Desnoes & Geddes put through 504,974 shares to close firm at $4.80; First Caribbean International Bank had 2,404 units trading at $90.01; Grace Kennedy 66,104 at $56.51; Jamaica Broilers traded only 7,623 shares and it closed unchanged at $4.19; Jamaica Money Market Brokers  lost 5 cents as it traded 479,609 units to close at $7.85; Mayberry Investments had 20,000 units changing hands at $1.91, unchanged at the end of trading; National Commercial Bank had only 15,540 units as the price closed at $17.80 the same as the day before; Sagicor Life put in 111,256 units and closed at $7.75, for a gain of 5 cents; Sagicor Real Estate X Fund traded 23,628 units to close at a new high of $5.20 as the price put on 5 cents.

In the preference shares segment Jamaica Money Market Brokers 8.50% traded 102,200 units at $3.50.

JSEIndicesNov19Junior Market | Caribbean Producers 100,001 at $1.95; Consolidated Bakeries 9,000 at $1.20; Dolphin Cove 19,406 units helped in pushing to price 50 cents to $7.50; General Accident Insurance swapped 10,000 units at $1.60; Lasco Distributors had a good day with 555,966 units trading to close at $1.45. Lasco Financial Services traded well with 1,979,075 units to close at $1, up 3 cents and Lasco Manufacturing traded 55,253 units and closed down 2 cent to $1.38.

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

Image courtesy of Photokanok/FreeDigitalPhotos.net.

JSE: Low trading

Monday, 18th November 2013 | It was another slow trading day and low volumes on the Jamaica Stock Exchange. Scotia Group stood out while trading 2,294,482 shares valued at $40,156,819 with the final price ending at $17.50. No other stock came close to the volume or value of the Scotia trades. A total of 3,253,336 shares changed hands valued at $45,405,974 as the indices fell once more; the main market closing down 480.87 to 77,186.50; the all Jamaica index 75,996.40 down 835.97 and the junior market index down less than a percent to 712.08.

Overall 23 stocks traded with 8 declining and the price of 5 increasing.

Caribbean Cement traded 5,300 units to close down 35 cents at $2.35; Jamaica Broilers had 257,686 units as the price closed at $4.19 down 31 cents; Jamaica Money Market Brokers traded 53,600 shares to close at $7.90, up by 4 cents; Jamaica Producers 10,513 units were all traded at $18.25, unchanged from Friday’s close; National Commercial Bank struggled to trade 78,312 units as the price closed at $17.80, down 20 cents, but it traded as low as $16.75; Sagicor Life 57,000 units to close at $7.70; Supreme Ventures had 223,154 units trading at $2.59.

JSEIndicesNov18Jamaica Money Market Brokers 7.50% preference share traded 95,000 units firm at $2.

Eight stocks traded in the junior market but only three had any volume to write home about as Caribbean Producers Jamaica traded 20,477 at $1.92; Lasco Distributors 63,572 shares to close at $1.45 and Lasco Manufacturing 53,576 to close at $1.40.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks higher and 5 stocks with offers lower than their last selling price.

Buy rated: Trini stocks top Jamaican

Friday, 15th November 2013 | The IC Insider’s selection of Buy Rated stocks is unchanged at the end of the week as Jamaican listed stocks continue to under perform on the local market while in Trinidad, a number of the stocks continue to appreciate in value.

The latest mover is Republic Bank, which moved up to $115.01 at the end of the week; Neal & Massy moved up to $58 continuing its slow recovery from a fall a few weeks ago. The price is still 97 cents away from the point of selection.

In Jamaica, Scotia Group slipped back further on Friday and so did Sagicor Life, even as the news in Jamaica have been more positive than negative in recent months, although not wildly so. The junior market stocks have been holding their position even as a few recorded sharp declines since getting the Buy Rated accolade.

Related posts | Carib Cement & AMG now Buy Rated | Buy Rated bargains

BuyRatedGrowthNov15The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please choose the category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

JSE: Sagicor X fund lists

Friday, 15th November 2013 | Sagicor Real Estate X Fund, which went to the public in September to raise additional capital, started trading as the 67th listing on the Jamaica Stock Exchange for the first time on Friday. The shares rose 7 cents from the IPO price of $5 with 45,421 units changing hands at $5.07, to end the day at an all-time high.

Elsewhere, the market indices reflected the general negative tone with the JSE main index closing at 78,407.85, a decline of 465.90 and the all Jamaica Index slipped 809.94 to close at 76,832.37; the junior market index declined by 2.55 to close at 726.01.

There were 11 stocks declining in price with 4 advancing as 27 securities traded amounting to 2,066,618 shares valued at $26,406,422.

Main Market | Trading in the main market accounted for 407,782 Cable & Wireless shares, as it closed at 15 cents down a cent; Carreras 535,372 shares valued at $18.7 million with the price closing firm at $35; Gleaner with 63,007 units at a closing price of $1.11; Grace Kennedy with 13,316 units to close at $56.02 down $1.48; Jamaica Money Market Brokers 14,000 units at $7.86 down 15 cents; Jamaica Producers swapped 25,387 shares and closed unchanged at $18.25; Jamaica Stock Exchange had 5,000 shares trading as the price slipped 30 cents to close at$2.50, a new all-time low; National Commercial Bank fresh from reporting below expected profit in the September quarter, traded just 10,393 units and closed at $18, down 20 cents; Pan Jamaican Investment traded 34,720 units in closing firm at $48.05; Sagicor Life exchanged 20,850 shares with the price inched up a cent at $7.71; Scotia Group had 143,768 shares changing hands and closed at $17.52 down 48 cents; Supreme Ventures traded 30,706 units firm at $2.60 and Jamaica Money Market Brokers 7.50% swapped 50,000 units, unchanged at $2.

JSEIndicesNov15Junior market | There was trading of 7 companies’ shares with Dolphin Cove accounted for 8,630 units and closed 2 cents down at $8, in spite of the company posting increased profits of 78 percent for the September quarter and 27 percent for the nine months to September with year to date earnings coming in at 81 cents versus 63 cents in 2012. Jamaican Teas posted 7,374 shares and closed at $3.60; Lasco Distributors saw 473,400 units changing hands to close firm at $1.45; Lasco Financial Services traded 53,462 to close at $1 and Lasco Manufacturing exchanged 96,000 units as the price closed firm at $1.40.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 5 stocks higher and 5 stocks with offers lower than their last selling price.

JSE: Heavy trading in Carreras JBG & Scotia

Thursday, 14th November 2013 | There was heavy trading on the Jamaica Stock Exchange in Carreras, Jamaica Broilers and Scotia with Carreras accounting for another day of large trades following Wednesday’s 9.8 million units.

Carreras saw trading in 2,831,971 units of the stock valued at $99,144,875 but closed firm at $35 as the company reported earnings of $1 per share for the September quarter in line with the June results, but revenues was down less than in the June quarter. The company’s sales are still to recover from the impact of a price increase earlier in the year and the resulting stock piling of inventory by the trade. Jamaica Broilers had 1,500,000 units being crossed early in trading valued at $6,765,000 as the price inched up 1 cent at $4.51 and Scotia Group put in 3,786,432 units valued at $68,217,133 as the price ended at $18, down 37 cents.

The total shares traded numbered 8,853,281 units at a value of $176,300,455 as 3 stocks advanced and 6 declined in price on a day when only 17 companies stocks traded. The indices were down once more with the Main Market index down 274.58 to 78,133.27, the all Jamaica index shed 483.12 to close at 77,642.31and the Junior was down marginally to close at 728.56.

Mayberry Investments put in 289,772 to close unchanged at $1.91; Pan Jamaican Investment had 10,464to close at $48.05; Scotia Investments exchanged 27,123 to close at $26.01 down $1.99; Seprod 2,236 units helped in pulling the price down to $12, down $1 following poor third quarter numbers showing profit off from $196 million in 2012 to $80 million in the 2013 quarter. Supreme Ventures also reported lower results in the third quarter of $32.6 million versus $125.6 million in 2012.

JSEIndicesNov14Jamaica Money Market Brokers 8.75% preference traded 32,200 units and closed firm at $3.

Junior Market | Trading in the junior market has seen little interest as only 4 stocks traded with Dolphin Cove changing 5,600 units at $8.02; Lasco Distributors 11,000 closing at $1.45 and Lasco Financial Services exchanged 108,171 units, unchanged at $1.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks higher and 6 stocks with offers lower than their last selling price, reflecting a market that more weak than strong currently.