The Main Market’s Margaritaville jumped 17 percent this past week to close at $12.36 after falling 25 percent in the previous week. All other ICTOP10 stocks declined or closed relatively stable.
At the close of the week, the Main Market TOP10, Caribbean Producers declined by 11 percent to $8.02, Guardian Holdings lost 10 percent to end at $318 and VVM Investments declined by 7 percent to $2. In the Junior Market, Kintyre Holdings fell 10 percent to 27 cents, Access financials dropped 8 percent to $15.51, Limners & Bards lost 6 percent to $1.15, Image Plus declined by 5 percent to 95 cents and Elite Diagnostic slipped 4 percent to $1.20. In the All JSE ICTOP10 listings, Caribbean Producers replaced 138 Student Living.
Limners & Bards fell out of the IC Junior Market TOP10 and is replaced by Cargo Handlers.
The average PE for the JSE Main Market ICTOP 10 is just 5.6, well below the market average of 13.4. The Junior Market TOP10 stands at 5.8, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 15 stocks with the highest values, account for 29 percent of the Main Market, with PE ratios between 15 and 41, with an average of 24 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 20 stocks or 42 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not as fancy. Sometimes, weaker companies may be oversold and end up on the list.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued companies and reduce emotions when making investment decisions.
IC TOP10 stocks will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.