Knutsford Express – a good stock to watch

Fresh from the release of positive full year results to May of $87 million or 16 cents per share, Knutsford Express is a new stock to watch. ICInsider.com projects earnings for the new fiscal year at 90 cents per share, with the stock trading at a PE of 8 compared to the Junior Market average of 13. The stock stands a good chance of more than doubling in the next year.

Knutsford Express

Main Event reported incredible third quarter results to July of 41 cents per share, with ICInsider.com projecting earnings for the full year at 45 cents per share and 90 cents for 2023, with the stock trading at a PE of 17 based on the current year’s estimate, but well that based on the year’s numbers.
Express Catering also released full year results that show continued recovery from last year’s fallout, with a profit of US$1.1 million, from a loss of US$1.73 million in 2021. In contrast, in the nine months to February, profit was just US$364,607, with only US$120,248 profit generated in the February quarter. ICInsider.com earnings per share are projected at Jamaica 50 cents resulting in a PE of 11.
Elite Diagnostic is added to the list with projected earnings of 55 cents per share at a PE of 6.5 at a stock price of $3.58 and Consolidated Bakery that had an excellent half year with the promise of a good second half to come.
ICInsider.com identifies the following for the watch list. Caribbean Assurance Brokers, Dolphin Cove, Caribbean Producers, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing, NCB Financial, Stationery and Office Supplies, Paramount Trading and Scotia Group.
Dolphin Cove, Caribbean Producers and Express Catering will be major beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks, but investors may be reluctant to pile into the stock ahead of the hurricane season.
Persons who compiled this report may have an interest in securities commented on.

About IC Insider.com