The buy rated list now has Knutsford Express, and AMG Packaging is moved back into the list. One Caribbean Media is moved to the Watch List as its valuation moved up considerably from when we crowned it BUY RATED in 2013.
Knutsford Express is moved in based on good May quarter revenue and profit growth which augurs well for profit going forward and AMG Packaging continued growth in sales flowing from increased volumes and a near doubling in profit in the May quarter and partial recover in profit margins. Jamaica junior market listed Caribbean Cream, posted strong gains in profit for its first quarter to May, to reinforce the Buy Rating placed on them.
In Trinidad ScotiaBank was removed from the watch list, with much lower profits reported in their second quarter.
The Jamaican BUY rated stocks overall did not do well but signs are showing that the usual summer recover is at hand. In addition IC Insider gathers that a least one big investor is looking to buy stocks now. Coupled with that, the two companies mentioned above, show that profits may be on the improve for Jamaican companies, and with likely stability not far off for the Jamaican dollar, above average gains can only be made in stocks.
Knutsford & AMG Packaging – Buy Rated
Trackbacks
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[…] Access Financial Services gained 30 cents to close at $16.80 with 200 units changing hands, AMG Packaging fell by 10 cents to close at $2.90 with 1,434 units changing hands, Blue Power traded 7,267 shares […]
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[…] meaningful employment opportunities subsequently assisting the growth of the Jamaican economy.” AMG Packaging ventures into the new ventures at a time when it appears that real growth in it’s existing […]
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[…] stock traded at $5.60 with a gain of 40 cents after the results were released. the stock remains IC Insider Buy Rated, but it is not expected that there will be much more gains in the short term with a current PE of 8 […]
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[…] an hour of trading. Only 10 securities have traded so far with a total volume of 105,600 units. Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent […]
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[…] Pan-Jamaican Investment announced a hike in the upcoming dividend, as the directors approved a third interim dividend for 2014, of 70 cents per stock unit, to be paid on September 26 to stockholders on record, at the close of business on August 27. The X-Dividend date is September 24, 2014. Interim dividends of 60 cents per share were paid on June 20 and on March 31, this year. Eppley Limited approved an ordinary dividend of $9 per share, payable on September 2, 2014, to shareholders on record as at August 26, 2014. The EX-Dividend date is August 22. Eppley paid an ordinary interim dividend of $9 per share on February 28, this year. Supreme Ventures declared a dividend of 3 cents per share, to be paid to shareholders on record, at August 22 and to be paid on September 5, 2014. The stock trades EX-Dividend on August 20, 2014. Supreme Ventures declared a dividend of 3 cents per share payable on March 26, this year and paid a dividend of 3 cents per share, on January 8, 2014. In 2013, dividends per share were paid as follows: 3 cents on September 2, 8 cents on June 17 and 10 cents on March 28 […]
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[…] at Barita Investments doubled for the nine months to June this year, compared to same period of previous year. Profit […]
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[…] previous Buy Rated One Caribbean Media which was moved to the Market Watch, tumbled by $1.74 in Friday’s trading levels on the Trinidad […]
[…] with bids higher than their last traded prices while one closed with a lower offer. In trading, AMG Packaging jumped by $1.10 to close at a 52 weeks’ high of $14 with 36,761 units changing hands, Caribbean […]