Pan Jam is the top selection
“Many are trading at attractive levels with trading ratios of 6-8 times price to earnings, creating a potentially good entry point in the long term, we favour companies with strategic plans to diversify their revenue streams outside of our local economy along with a return on equity that outpaces inflation”, the Barita Investments stock market outlook went on to state. Barita also states that their analysis of 10 years of price data for a number of stocks show that October, to January is the strongest period for the JSE as such, buying before that time is a wise strategy. Those findings coincides with the IC Insider’s research that shows the market predominantly, starts rallying around June to July most years and peaks in mid-May the following year.
IC Insider picked 10 stocks from Mayberry Investments’ daily recommendations along with their PE ratios to see how they matched up with that of Barita’s and listed IC Insider’s top buys as well. Barita’s recommendation report was dated September 11 while Mayberry’s recommendations were published between the September 11 and 18. Barita did not state the PE ratio for their selections but quoted prices, presumable to buy or sell at. A number of the sell recommendation stocks have risen in price since.
IC Insider picked 11 stocks from Mayberry Investments’ daily recommendations along with their PE ratios to see how they matched up with that of Barita’s and listed IC Insider’s top buys as well. Barita’s recommendation report was dated September 11 while Mayberry’s recommendations were published between the September 11 and 18. Barita did not state the PE ratio for their selections but quoted prices, presumable to buy at. Based on feed-back obtained from Sean Taylor, Business Development Manager at Barita, what appeared to be sell recommendations, were in fact a part of the listing of stocks to buy.One selection Pan Jamaican is common to all three while 5 stocks are picked by 2 of the 3 these are National Commercial Bank, Caribbean Cream, Caribbean Flavours, Paramount Trading and Supreme Ventures.
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up, I’ll try to get the hold of it!
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Hey John,
Good piece. I do fear, that not enough persons in the industry are trumpeting the call for buying equities in the local market. Especially as we tie off the phase out of retail repo’s investors need more options and as you know Barita believes that there are good opportunities in the market at this point.
If I am reading the article correctly when it speaks to things on our sell list versus that on IC, I would point out that stocks such as JBG, SVL, LASD and LASF have all been on our buy list from our most recent report (and the one sent to our mailing list on September 11, 2015). You can always see our recent recommendations here http://www.barita.com/products-and-services/stocks/stocks-research
From the Barita Stock Market Report, on the 2nd and 3rd page investors also get a good idea of the different metrics, along with our buy/sell/hold recommendations on the far right.