Juniors slip again on Wednesday

Knutsford Express ended at a new all-time high of $8.20

Knutsford Express ended at a new all-time high of $8.20

The junior market suffered more losses on Wednesday with 16 active securities, of which 8 advanced and 4 declined as some investors continue to take profits with a sharp upward movement of the market in 2015 and improved valuation of several stocks. A total of 3,669,193 units, valued at $14,681,931 changed hands. Trading ended with a 38.37 points fall of the index to 1,543.99.
The market ended with 3 new 52 weeks’ closing highs and one 52 weeks closing low. Only 3 securities ended with no bids to buy and 10 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 3 closed with lower offers.
In trading, AMG Packaging traded 1,130 units at $6, C2W Music ended up with 41,000 units changing hands at a loss of 2 cents to end at a 52 weeks’ closing low of 37 cents, Cargo Handlers ended with 755 shares changing hands, for a gain of 80 cents and closed at a 52 weeks’ high of $36, Caribbean Cream had 6,866 units changing hands and recovered 80 cents of the fall of $1.01 on Tuesday, to end at $4.30, Caribbean Flavours gained 27 cents in trading 7,574 units to end at $6.57. Caribbean Producers lost 50 cents in trading 715,339 units to end at $5. Consolidated Bakeries rose 5 cents at the close, to end at $1.40 with 33,814 units changing hands, Derrimon Trading ended with 4,211 units changing hands at $3.50 but was offered at $3.45 at the close, General Accident ended with 12,900 shares changing hands and closed at $1.90. Honey Bun with 17,265 shares changing hands and closed at $5,JM - Trade 25-11-15 Jamaican Teas had 500,000 shares trading at a 52 weeks’ closing high of $4.65, after rising by 35 cents, Knutsford Express rose 70 cents in trading 150,000 units at a 52 weeks’ closing high of $8.20. Lasco Distributors closed with 177,942 shares changing hands, to end with a loss of 21 cents at $4.11, Lasco Financial gained 14 cents to end at $3, with a total of 217,882 shares changing hands. Lasco Manufacturing closed with a rise of 21 cents to $3.71 with 960,001 shares trading and Medical Disposables ended with 822,514 shares changing hands but lost 40 cents to end at $3.

Juniors lost ground on Thursday

AMG Packaging closed at a new high of $6.50 on Thursday.

AMG Packaging closed at a new high of $6.50 on Thursday.

The junior market suffered one of its infrequent days of losses in recent times, with 16 active securities, 7 of which advanced and 5 declined. A total of 1,766,208 units, valued at $8,771,607 changed hands. Trading ended with a 23.02 points fall of the index to 1,653.66. The market ended with 3 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 8 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging jumped to a 52 weeks’ high of $6.50 with 41,067 shares trading with a gain of 90 cents, Blue Power traded 295 units at $13.50, for a rise of 40 cents, C2W Music traded 74,958 units at 39 cents. Caribbean Cream traded 280,225 units but fell by 45 cents to $4.55, Caribbean Flavours traded 8,796 units to end at for a new 52 weeks’ high of $6.60 after rising 54 cents, Caribbean Producers closed with a gain of 15 cents in trading 327,271 units at $5, for a new 52 weeks’ closing high. Consolidated Bakeries fell 6 cents at the close, to end at $1.48 with 6,186 units changing hands. JM - Trade 19-11-15 Derrimon Trading ended with 47,482 units changing hands at $3.50, Dolphin Cove traded 13,336 units at $16.01, General Accident ended with 80,000 shares changing hands and closed at $1.90, KLE Group lost 21 cents and ended with 148,000 units trading at 75 cents, Lasco Distributors closed with 210,250 shares changing hands to end at $4.30 after rising by 15 cents. Lasco Financial ended with a loss of 25 cents to $3.25, with a total of 354,542 shares changing hands, Lasco Manufacturing closed at $3.76 with 156,500 shares trading and Paramount Trading ended with 12,000 shares changing hands and lost 40 cents to be at $8.60.

Juniors closed with 231m shares trading

Dolphin Cove share dominated Wednesday's trading .

Dolphin Cove share dominated Wednesday’s trading .

The junior market enjoyed another day of mostly increasing prices but ended with a rise of 48.93 points gain of the junior market index to 1,676.68 for a new closing high.
Trading finished with 15 active securities, 9 of which advanced and 3 declined. A total of 230,905,691 units, valued at $3,683,900,704 changed hands. The market ended with 6 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging ended with 16,678 shares trading at a 52 weeks’ high of $5.60, with a gain of 55 cents. Caribbean Cream traded 39,775 units at a new high of $5 after adding 40 cents, Blue Power traded 850 units at $13.10, C2W Music traded 102,917 units at 39 cents, Caribbean Flavours traded 119,705 units to end at for a new 52 weeks’ high of $6.06 after rising $1.06. Caribbean Producers closed with a gain of 40 cents in trading 212,597 units at $4.85, for a new 52 weeks’ closing high but the stock traded as high as $5.10. Investors pushed Consolidated Bakeries down by 11 cents at the close, to end at $1.54 with 12,856 units changing hands. Derrimon Trading ended JM - Trade 18-11-15with 24,210 units changing hands at $3.50, Dolphin Cove with 229,748,218 units trading ended at a new high of $16.03 but it closed with a rise of $2.10 at $15.80 after the company changed majority ownership to Dolphin Mexico. Honey Bun with 20,123 shares changing hands, closed lower by 20 cents at $5.30, KLE Group gained 14 cents and ended with 19,912 units trading at 96 cents, Lasco Distributors closed with 155,536 shares changing hands to end at $4.15 after slipping 23 cents. Lasco Financial ended rose 10 cents to $3.50, with a total of 262,814 shares changing hands, Lasco Manufacturing closed at $3.76 with 158,500 shares trading and Medical Disposables ended with 11,000 shares changing hands and gained of $3.40.

CPJ dominates trade with 190m units

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CPJ dominates junior market trading with 190m units & closed at $3.41

CPJ dominates junior market trading with 190m units & closed at $3.41

The junior market fell 11.19 points to end at 1,585.98 points on Wednesday but only after it crossed over 1,600 points in the morning sessions. Trading closed with 16 active securities 10 of which advanced and one declined. A total of 191,996,801 units, valued at $588,945,055 changed hands. The market ended with 6 stocks closing at new 52 weeks’ high and 1 at 52 weeks’ intraday high.
Only 2 securities ended with no bids to buy and 12 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, AMG Packaging closed with a gain of 5 cents at $5.05, with 836 units changing hands at a 52 weeks’ high, Blue Power lost 80 cents in closing at $13, with 1,557 units trading, Caribbean Cream ended with 26,743 shares changing hands at $4.60. Caribbean Flavours traded 5,000 units to end at a 52 weeks’ high of $4.91 after rising 6 cents, Caribbean Producers gained 36 cents and traded 190,020,966 units at $3.41 for a new 52 weeks’ high as investors responded to good first quarter results. 1.9 million was a cross done by Mayberry Investments. Consolidated Bakeries ended at $1.90, with 13,000 units changing hands. Dolphin Cove had 40,000 shares changing hands at $12.85, for a decline of 65 cents, General Accident Insurance traded only 20,000 units at $1.96 for a loss of 4 cents. Jamaican Teas lost 5 cents with 259,350 shares trading, to close at $3.85. KLE Group ended with 101,668 units trading at 45 cents, but the stock closed with a bid of 50 cents to buy 5,000 units. JM - Trade Sheet-11-15.Lasco Distributors closed with 265,410 shares changing hands with a rise of 33 cents to $4.40, after trading as high as $4.65, for a 52 weeks’ intraday high, Lasco Financial closed with an increase of 5 cents at a new 52 weeks’ closing high of $3.25 with a total of 775,710 shares changing hands after trading as high as $3.50. Lasco Manufacturing rose 7 cents to end at 52 weeks’ closing high of $4.03 with 439,426 shares changing hands and Sweet River Abattoir rose by 9 cents in trading 14,500 shares at a 52 weeks’ closing high of $3.95, Derrimon Trading preference share ended with 400 shares changing hands at $2.20 and Eppley 9.5% preference share ended with 13,235 units changing hands at $6.

Juniors close above 1,500 – first time

The junior market index closed above 1,500 points on Friday & could be heading for over 2,000 mark but not just yet.

The junior market index closed above 1,500 points on Friday & could be heading for over 2,000 mark but not just yet.

The junior market crossed over the 1,400 mark on Wednesday and closed with a rise of 20.35 at 1,512.59 points on Friday. The junior market gained 12 percent for this week as the index grew by 187.64 points and brings the total gains to 120 percent for the year against all stocks on the market rising 79 percent based on the combined index.
The junior market ended trading in 14 securities as 5 stocks advanced and 4 declined. A total of 3,259,403 units, valued at $12,418,302 changed hands. The market ended with 3 stocks closing at new 52 weeks’ high and 1 at 52 weeks’ intraday high. Three (3) securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, AMG Packaging closed at $5 with 1,710 units changing hands, Blue Power closed at $13 with 11,908 units trading, Caribbean Cream ended with 102,200 shares changing hands at a new 52 weeks’ high of $4.35 to gain 40 cents, Caribbean Flavours traded 1,218,881 units to end at a new 52 weeks’ high of $4.60. Consolidated Bakeries fell 30 cents to end at $1.65, with 233,930 units changing hands, Derrimon Trading ended with 10,000 shares trading at $3, Dolphin Cove had 7,800 shares changing hands at $13 after rising 50 cents, JM - Trade 6-11-15General Accident gained 10 cents with 4,000 shares trading, in closing at $2, Honey Bun ended with 84,605 units changing hands at $5.20. Jamaican Teas fell 10 cents with 109,490 shares trading, to close at $3.80, KLE Group ended with 15,000 units trading at 45 cents, Lasco Distributors closed with 171,484 shares changing hands with a gain of 45 cents to $4, for a new all-time closing high. Lasco Financial closed with an increase of 15 cents at a new 52 weeks’ high $2.95 with a total of 731,001 shares changing hands and Lasco Manufacturing fell 10 cents to end at $3.80 with 557,394 shares changing hands.

Juniors just 8 points from 1,500

Lasco Distributors closed at a new high on Thursday of $4

Lasco Distributors closed at a new high on Thursday of $4

The junior market just crossed over the 1,400 mark on Wednesday and closed less than 8 points from the 1,500 marks as bulls continue to their forward march. At the close on Thursday the index climbed 4.5 percent or 64.32 to at another record close of 1,492.24. The junior market ended trading in 17 securities as 8 stocks advanced and 4 declined. A total of 2,644,357 units, valued at $8,917,979 changed hands.
The market ended with 4 stocks closing at new 52 weeks’ high, while 3 securities ended with no bids to buy and 11 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging closed with a gain of 15 cents to end at $5 with 10,575 units changing hands, Blue Power closed at $13 with 8,900 units changing hands, Caribbean Flavours traded 410,645 units to end at $4.50, Caribbean Producers traded 467,769 units and ended at $3.05. Consolidated Bakeries gained 15 cents to end at $1.95, with 10,000 units changing hands. Dolphin Cove had 6,739 shares changing hands at $12.50 after rising $1.47, General Accident ended with 37,959 shares changing hands, in closing at $1.90, Honey Bun ended with 14,160 units trading with a gain of 10 cents close at a new 52 weeks’ high of $5.20. Jamaican Teas had 10,501 shares trading, to close at $3.90, Knutsford Express closed with 19,622 shares trading, with a loss of 45 cents at $6.55, KLE Group end with 130,073 units trading at 45 cents for a rise of 1 cent, Lasco Distributors ended with 237,120 shares changing hands and closed with a gain of 45 cents at $4, for a new all-time closing high.JM - Trade 5-11-15 Lasco Financial closed with an increase of 15 cents at a new 52 weeks’ high $2.70, after trading earlier at $2.80, with a total of 774,689 shares changing hands. Lasco Manufacturing fell 10 cents to end at $3.80 with 349,918 shares changing hands, Medical Disposables closed at $3.40 with 108,574 shares trading and lost 10 cents, Paramount Trading ended with 3,102 shares changing hands and gained of 11 cents to $7.21 for a new 52 weeks’ high and Sweet River ended with 44,011 units changing hands at $3.86 after losing 1 cent.

Q4 Profit jumps 215% at AMG

AMG Packaging enjoyed a great year to August, with 74 percent jump in profits to $79 million over 2014 and 86 percent before expenses incurred for the new toilet tissue operation. For the last quarter of the fiscal year things were even better with a 215 percent jump to $27 million.

AMG Packaging report big gains in profit for 2015

AMG Packaging report big gains in profit for 2015

Earnings per share for the full year to August amount to 78 cents, up from 45 cents in 2014.
A sharp $4.5 million fall in fuel cost and repairs and maintenance respectively, a 50 percent cut in selling and distribution expenses amounting to $7 million, and lesser declines in wages, electricity along with an increase in revenues helped to improve gross profit, margins and the results for the year.
Gross cash flow generated from operations came in at $92 million, up from $58 million in 2014. Going forward its unclear what impact the new operations will have, barring any major losses IC Insider is forecasting $1.05 per share after tax for 2016, the first year of reduced taxation will be payable. The company paid dividends of $18.4 million during the fiscal year and in the prior year $20.5 million.
Looks like a greater stability in raw material cost and attention paid to cost in a number of areas, paid rich dividend in the past four quarters and in particular the final quarter. Cost of sales fell from $491 million in 2014 to $484 million and gross profit jumped to $149.4 million from $116 million, an increase of 28.6 percent. Revenues rose moderately by 3 percent for the quarter to $172 million and 4 percent increase for the full year to hit $633 million. While the growth in revenues may not appear electric closer look indicates a growth of around 7 percent on a quarter over quarter basis for the last 4 quarters.
Administrative expenses rose from $48.5 million to $51.4 million in 2015 and finance cost declined form $10 million to $8.7 million.
Borrowings grew to $151.6 million while cash funds rose $64 million from $22 million in 2014. The balance sheet shows $59 million deposited to purchase equipment for the new tissue operation. Current assets stood at $335 million and current liabilities at $60 million. Equity capital grew to $377 million from $316 million.
AMG Packaging is in the business of manufacturing paper based boxes for the packaging and its shares are listed on the junior market of the Jamaica Stock Exchange and last traded at $4.80 with a gain of 82 percent for the year to date.

Junior at new record close on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks' high on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks’ high on Friday

The junior market enjoyed wide spread trading as 14 securities were active and the market index rose 13.41 points to end at a new all-time closing of 1,324.96. A total of 4,209,966 units, valued at $13,863,050 changed hands, as 5 stocks advanced and 5 declined.
The market ended with 2 stocks closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed at $4.80 with 11,653 units changing hands, the company reported big increase in profits after trading closed, with earnings for the full year to August of 78 cents per share, up from 45 cents in 2014. Blue Power had 12,850 shares changing hands at $13, Caribbean Cream with 733,032 shares changing hands ended at $3.40, Caribbean Flavours gained 6 cents while trading 68,950 units at $4.06, Caribbean Producers traded 51,000 units for a loss of 9 cents to end at $3.01. Consolidated Bakeries traded 417,000 shares, to end at $2 with a gain of 10 cents, for a 52 weeks’ high. Derrimon Trading had 71,260 units trading at $2.80 at the close with a loss of 20 cents, Dolphin Cove recovered from the big loss on Wednesday, to end at $13, with a gain of $1.40 on Friday, as 130,300 units changed hands.JM - Trade sht 30-10-15
General Accident ended with 65,155 shares changing hands at $1.70 after falling 20 cents, Knutsford Express traded 778 shares at $6.50. Lasco Distributors with 924,890 shares changing hands and closed with a loss of 30 cents to $3.10. Lasco Financial closed with a 15 cents decline at $2.40 after trading earlier at $2.60. A total of 597,056 shares changed hands, Lasco Manufacturing traded 804,759 shares to end with an increase of 3 cents to $3.43, Medical Disposables ended with 331,133 units changing hands to end with a gain of 50 cents to a new all-time high of $3 and Derrimon Trading 11.75% preference share had just 3,000 units changing hands at $2.20.

11 junior stocks rose 2 down

Dolphin Cove share recover some of Wednesday's losses.

Dolphin Cove share recover some of Wednesday’s losses.

The junior market enjoyed wide spread trading as 16 securities were active but the market index rose 23.19 points to close at 1,311.54. A total of 1,859,693 units, valued at $6,149,063 changed hands as 11 stocks advanced and 2 declined.
The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging lost 9 cents to close at $4.80 with 51,861 units changing hands, Blue Power had 12,850 shares changing hands at $13, Cargo Handlers closed at a new 52 weeks’ high of 33 with 9,000 shares while adding $1. Caribbean Cream rose 20 cents and closed at $3.40 with 304,730 shares changing hands. Caribbean Producers traded 18,000 units for a gain of 2 cents to end at $3.10, Consolidated Bakeries traded 256,212 shares to end at $1.90 with a gain of 25 cents, for a 52 weeks’ high, Dolphin Cove recovered from the big loss on Wednesday, to gain $1.60, with 51,015 units changing hands, to end at $11.60. JM - Trade sht 29-10-15General Accident ended with 30,000 shares changing hands at $1.90, Honey Bun traded 19,052 shares at $5 to gain 82 cents, Jamaican Teas had 22,043 shares trading for 2 cents more at $3,42, KLE Group traded down 1 cent at 44 cents with 29,000 units, Knutsford traded 222 shares and gained 30 cents to a new all-time high of $6.50. Lasco Distributors with 486,615 shares changing hands, closed with a gain of 35 cents for a closing 52 weeks’ high of $3.41, after the price hit $3.45, during trading. Lasco Financial closed with a 15 cents gain to $2.60 after trading earlier at $2.67, a total of 307,061 shares changed hands, Lasco Manufacturing traded 162,035 shares to end with an increase of 15 cents to $3.40 and Medical Disposables ended with 99,997 units changing hands to end at $2.50.

Access sheds 22% in 2 days

Access fell 22% in 2 days to $10.50

Access fell 22% in 2 days to $10.50

Access Financial shed 22 percent in value in just two days as one investor speedily offloaded 228,000 shares between today and Tuesday. The junior market enjoyed wide spread trading as 13 securities were active but the market index fell 8.06 points to close at 1,288.35.
A total of 3,241,986 units, valued at $12,588,381 changed hands as 3 stocks advanced and 8 declined. The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 6 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed with a loss of $2 to $10.50 with 170,271 units changing hands, AMG Packaging lost 1 cent to close at $4.99 with 200 units changing hands, Caribbean Cream fell 15 cents and closed at $3.20 with 19,195 shares changing hands. Caribbean Flavours closed at $4 with 145,904 shares changing hands, Caribbean Producers traded 557,978 units for a loss of 2 cents to end at $3.08, Consolidated Bakeries traded 17,444 shares to end at $1.65, Derrimon Trading ended with 1,400 shares changing hands at a 52 weeks’ high of $3. Dolphin Cove lost $1.20 with 295,515 units changing hands to end at $10, after trading, the company reported a 4 percent increase in profit after tax for the nine months to September, of $412 million over the outturn for the 2014 and a 17 percent increase in the September quarter, to $128 million. JM - Trade sht 28-10-15 General Accident ended with 400,882 shares changing hands and fell 15 cents to $1.90, Lasco Distributors with 442,302 shares changing hands, closed 5 cents higher at $3.06 after hitting $3.40 during trading. Lasco Financial lost ground with results that were flat, but with promise of improvement later, fell 18 cents to $2.45, after trading earlier at $2.65, with 841,230 shares changing hands, Lasco Manufacturing traded 270,065 shares to end at $3.25 while gaining 14 cents and Medical Disposables ended with 80,000 units changing hands for 5 cents lower to end at $2.50.