7 junior stocks set to rise

The bid on AMG is at $2.50 v $2.26 last sale, after reporting a 35% rise in profit.

The bid on AMG is at $2.50 v $2.26 last sale, after reporting a 35% rise in profit.

Activity on the Junior Market closed with 5 securities traded ending with 94,837 units changing hands valued at $167,319. The JSE Junior Market Index declined 4.69 points to close at 727.89, with the price of 2 stocks advancing and 1 declining but there are 7 stocks that seem poised to arise in the days ahead.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 12 securities that had no stocks being offered for sale. Noted amongst the stocks with higher bids are AMG Packaging with a bid of $2.50 against the last selling price of $2.26. The company reported 35 percent increase in 6 months profit and an even greater increase in the November quarter Caribbean Cream reported increased profit for the full year and the February quarter of $49 million or 13 cents for the twelve months and 5 cents for the quarter or $18 million. .JM 13-4-15The bid for the stock is 66 cents versus the last price of 65 cents. Caribbean Flavours, Lasco Financial, Lasco Manufacturing and Medical Disposables all have bids higher than the last selling prices. The three Lasco companies should be reporting full year results at the end of April.
Stocks trading in the junior market are, Cargo Handlers that gained 10 cents in trading 2,200 shares, to close at an all-time high of $20.10. Caribbean Producers with 2,100 units put on 5 cents to $2.35, Jamaican Teas gained 2 cents to end at $2.55 while trading 11,606 shares, 15,400 Lasco Distributors’ shares traded at $1.37 and Lasco Manufacturing lost 5 cents in closing at $1.05 while trading 63,531 shares.

AMG profit up 35%

amg-packaging280x150AMG Packaging, managed a 35 percent growth in profits of $31.7 million for the six months to February this year, the company’s latest financial report shows, thanks to a 194 percent jump in second quarter profit that reached $16 million up from only $5.5 million in 2014.
IC Insider’s forecast, is for profit of $85 million or 85 cents per share for this year and $1.50 for 2016. While profit surged, revenues rose a modest 8 percent in the February quarter and only 4 percent for the six months with sales volume having declined by 9 percent for the half year. The volume decline comes against the background of a 24 percent increase in units sold for the period to February 2014, resulting in a 42 percent jump in revenues. Helping to boost profit, was an improvement in the gross profit margin for the latest quarter to 24 percent versus only 16 percent in 2014 and 23 percent for the six months, compared to 19 percent in 2014.
Gross profit for the quarter amounting to $35.5 million, increased by a very strong 63 percent from 2014 and 27 percent for the six months, to near $70 million. Flat inventory cost and a reduction in other direct cost laid the foundation for the improvement in direct input cost and a swelling of the profit margins. Administrative cost rose 30 percent for the quarter and 29 percent for the year to date period well ahead of revenue growth, thus negating some of the top line improvement.
AMG cht 2-15Cost got hit, with the Jamaican dollar losing value, resulting in 28 percent more Jamaican dollars having to be found to purchase one US dollar, since September 2012. The price of paper on the world market, increased by 22 percent, from US$720 per tonne at September 2012, to US$830 in August 2013 and to US$875, which it has been since June last year.
Receivables are down by $13 million from the amount of $81 million at the end of August last year and so too is amounts in payables by $10 million from $71 million. Cash funds fell slightly to $19 million from $22 million while inventory is up from to $118 million at August to $120 million, which is nearly 4 months supplies based on sales in the quarter and is up from just two and a half months back in 2013 and seems to be a hedge against devaluation of the Jamaican dollar. Borrowings fell from $97 million at February 2014 to $58 million with $14 million to be repaid during the next twelve months, the decline will help reduce cost with lower interest payments going forward.

Juniors back to base with low activity

The bid on AMG is $2.40 vs. last sale of $2.26

The bid on AMG is $2.40 vs. last sale of $2.26

Having enjoyed active trading on Monday with 12 securities changing hands, activity on the junior market was back to the recent pattern, with only a hand full of securities trading, with low volume. The market closed with a mere 4 securities trading and ended with only 37,627 units changing hands valued at just $163,544.
The JSE Junior Market Index rose 9.08 points to close at 715.51, with the price of 1 stock advancing and 1 declining.
At the close, there were 4 stocks with bids higher than their last selling prices and 1 stock with the offer lower. JM -1-4-15The junior market ended with 5 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale. Of interest is the bid to buy 459,000 units of AMG Packaging at $2.40 against the last traded price of $2.26.
Stocks trading in the junior market are, Access Financial Services traded 11,000 units with a gain of $1.50 to end at $11.50, Caribbean Producers traded 3,971 units at $2.15, Lasco Manufacturing ended at $1.15 with 10,060 units trading at $1.15 and Lasco Distributors trading 12,065 shares and lost 2 cents in closing at $1.35.

Juniors’ most active day

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Dolphin Cove closed at a 52 weeks' high of $9.20 on Tuesday

Dolphin Cove closed at a 52 weeks’ high of $9.20 on Tuesday

The Junior Market was having one of the best trading in recent times with 11 securities traded and ending with 1,712,144 units changing hands, valued at $ $2,442,125.13. The number of stocks traded on Tuesday, is the highest for March, bettering the ten that traded on the 17th of the month. Junior Market Index declined 1.94 points to close at 706.43, with the price of 8 stocks advancing and 2 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and there were 8 securities that had no stocks being offered for sale.
JM cht 31-3-15
Stocks trading in the junior market are, AMG Packaging finishing with 579 units to close with a gain of 1 cent to $2.26, Caribbean Producers closing with 130,050 shares to end with an increase of 5 cents at $2.15, Consolidated Bakeries finishing trading with 27,954 shares while gaining 8 cents to 90 cents. Dolphin Cove finishing with 10,000 shares traded, with a gain of 20 cents, to a 52 weeks’ high of $9.20. General Accident completing trading 13,416 units as the price gained 3 cents to $1.70, Jamaican Teas while exchanging 400 units, closed higher by 4 cents at $2.55, Lasco Financial finishing trading with 26,370 shares changing hands, 1 cent higher to $1.08, Lasco Manufacturing closing with 751,302 shares unchanged at $1.15, Caribbean Cream closing with 10,000 units, the price slipped to 65 cents, for a 10 cents loss and Lasco Distributors concluding trading with 719,397 units to close lower by 10 cents to $1.35

8 junior bids more than last sale

UpIncreasegraph Activity on the Junior Market closed with 7 securities traded, ending with 123,044 units changing hands valued at a mere $321,011. The JSE Junior Market Index gained 2 points to close at 707.57, with the price of 2 stocks advancing and 2 declining.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower, a strong indicator of rising prices ahead. The junior market ended with 6 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial finishing trading with 10,310 units as the price gained 29 cents to $10, JM 27-3-15Lasco Financial with 49,804 shares changing hands, 2 cents higher to $1.07, Consolidated Bakeries concluding trading with 2,000 shares changing hands at 82 cents, Eppley 9.5% preference shares trading 11,694 units at $6. General Accident finishing trading with 22,470 shares at $1.67, AMG Packaging closing with 12,260 units trading lower by 24 cents at $2.25, and Honey Bun dealing in 14,506 units with a loss of 4 cents to $1.91.
Derrimon Trading 11.75% preference share, was listed on Friday but there were no trades, nor interest to buy or sell during the day.

Only 4 junior stocks trade on Tuesday

Activity on the Junior Market closed on Tuesday with only 4 securities trading and ending with 296,975 units changing hands valued at $355,613. The JSE Junior Market Index gained 0.75 points to close at 706.16, with the price of 2 stocks advancing and none declining.
JM cht 24-3-15At the close of the market, there were 6 stocks with bids higher than their last selling prices and just 1 stock with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging had 18,363 units at $2.49 for a 24 cents increase, Caribbean Cream with only 4,000 shares at 75 cents, with a 1 cent gain, Lasco Financial Services trading 90,000 units at $1.05 and Lasco Manufacturing with 184,612 units at $1.15.

Junior market activity remains low

Activity on the Junior Market closed with 7 securities trading and ending with 154,762 units changing hands valued at $237,206. The JSE Junior Market Index rose 12.75 points to close at 711.99, with the price of 5 stocks advancing and 2 declining.
Jm 5-3-15At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging with 100 shares changing hands at 4 cents higher to $2.34, Caribbean Producers concluding trading with 1,000 shares, ended with a gain of 1 cent to $2.01. There was dealing in 710 Dolphin Cove shares, with a 50 cents increase to $9. Lasco Distributors closed trading with 104,491 units to gain 4 cents at $1.50, Medical Disposables ended trading with 20,261 shares changing hands, and rising 20 cents to $1.80, Caribbean Flavours ending with 3,100 units to close lower by 29 cents to $1.76 and Lasco Financial finished with 25,100 shares trading lower for 2 cents to $1.03.

Cargo Handlers jumps $1.80

Cargo Handlers climbed $1.80 on Friday

Cargo Handlers climbed $1.80 on Friday

In Friday’s trading on the Junior Market 8 securities traded with one hitting an all-time high and one at a new 52 weeks’ high, at the close. The market closed with 317,720 units changing hands valued at $662,455. The JSE Junior Market Index declined 11.41 points to close at 699.35, with the prices of stocks advancing and 3 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
JM 27-2-15Stocks trading in the junior market with gains are, Cargo Handlers finishing with 10,000 shares trading while gaining 10.6 percent or $1.80 to an all-time high of $18.80, Lasco Distributors closing with 136,000 shares to end with an increase of 5 cents to $1.55, a new 52 weeks’ high. Lasco Financial ended trading with 26,150 shares switching ownership 1 cent higher to $1.05, Lasco Manufacturing closed with 121,100 shares while gaining 9 cents to $1.24. Sweet River Abattoir ended trading with the price unchanged while 15,000 shares changed hands at $3.86.
Stocks ending with losses are, AMG Packaging concluding trading with 1,470 shares changing hands to close down by 1 cent to $2.30, Caribbean Producers ended trading lower by 10 cents to $2 with only 3,000 shares and Dolphin Cove closed with 5,000 shares trading after falling 49 cents to $8.50.

Trading picked up in junior market

Trading picked up on the Junior Market on Monday with 9 securities traded and ending with 424,216 units changing hands valued at $1,129,181. The JSE Junior Market Index declined 9.60 points to close at 715.66, with the prices of 4 stocks advancing and 2 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 6 securities closing with no bids to buy and there were 5 securities that had no stocks being offered for sale.
JM 23-2-15Stocks trading in the junior market are, AMG Packaging ending trading with 21,230 units and gained 9 cents at $2.31, Dolphin Cove closed with 637 shares while gaining 19 cents to $8.99, Lasco Distributors concluding trading with 24,716 shares, the price jumped 4 cents to $1.50, Lasco Financial closing with 28,289 shares while gaining 10 cents to $1.20. Blue Power traded 100,000 shares but lost 20 cents to end at $6.30, Caribbean Producers with 54,804 shares trading lost 20 cents to end at $2.10, Honey Bun trading 10,000 shares as the price ended at $1.91, Lasco Manufacturing closed with 175,000 shares traded at $1.15, Paramount Trading ended with 9,540 shares trading at $4.

Carib Producers’ results hit stock

CaribbeanProducers(CPJ)280X150 Activity on the Junior Market ended with Caribbean Producers pulling back today, after gaining on Wednesday, on robust volume of 4,393,426 shares. The company reported much improved results over the poor first quarter numbers, with the latest figures showing slightly lower profit for the December quarter of US$1.03 million versus US$1.18 million, for the similar period in 2013. For the year to December, profit is in at US$1.012 million versus US$1.62 million.
JM 12-2-15Trading closed with 6 securities being active, ending with 552,558 units changing hands valued at $1,033,150. The JSE Junior Market Index declined 4.90 points to close at 701.53, with the prices of 2 stocks advancing and 3 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Distributors ending trading with 11,540 shares changing hands, 1 cent higher at $1.46, Lasco Manufacturing closing with just 4,000 shares trading as the price gained 1 cent to end at $1.16, General Accident ending with 236,240 shares trading at $1.65. AMG Packaging lost 27 cents with 7,500 units trading as the price closed at $2.22, Caribbean Producers trading 276,000 shares and closed lower by 20 cents to $2.10 and Lasco Financial closed with 17,278 shares changing hands 4 cents lower at $1.06.