Blue Power Group

General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

The Junior market closed at a new record to start off the week with 13 securities trading, with the price of stocks advancing and declining and closing at 52 weeks’ high. the most for some time, and ended with 1,683,746 units changing hands valued at $22,509,881 with Access Financial accounting for the bulk of the trade with Mayberry Investments selling 1,257,938 at a new high of $18, valued $21,452,426.
In closing at $18, Access is back at the IPO price before a ten for 1 spilt putting at the equivalent of $180 had the split not take place no other stock has performed so well on the Jamaica stock market in recent time. The stock was issued at $18 per share, making those who held on to see a 900 percent gain on their investment, plus dividends to add to the gains and the company is yet to stop growing.
The JSE Junior Market Index gained 4.60 points to close at a new all-time high of 896.80 and with 3 stocks closing at 52 weeks’ high. At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Other stocks trading in the junior market are, AMG Packaging ending with 27,885 shares changing hands ,to close at $3.25, Blue Power Group closed with 979 shares trading at $9.80, Caribbean Cream finished with 100,000 units to close at $1.20, Caribbean Producers with 32,000 shares trading, closed lower by 3 cents at $3.07. Consolidated Bakeries had 2,429 shares changing hands at $1, Dolphin Cove traded 3,525 shares with the price rising 27 cents, to a 52 weeks’ high of $11.02. <a href="http://icinsider.com/profit-up-at-general-accident-but-just/" title="Profit up at

General Accident but just”>General Accident Insurance concluded trading with 25,400 shares changing hands to close 10 cents higher at a 52 weeks’ high of $2.18, Honey Bun ended trading with 4,586 shares to end with a rise of 1 cent at $2.51. Jamaican Teas traded 194,500 at $3, Lasco Distributors traded 1,100 shares unchanged at $1.65, Lasco Financial Services finished trading with 15,000 units, the price remained at $1.31 and there was dealing in 18,304 Lasco Manufacturing’s shares as the stock traded lower by 5 cents at $1.40.

Sagicor & JMMB active insider trades

A number of insider trades in JMMB shares occurred in March

Insiders were active, in buying stocks they are connected to in March with Sagicor Group and Jamaica Money Market Brokers (JMMB) insiders being pretty active in trading their company’s shares. While Sagicor insiders, were buying the stock, JMMB connected parties were mostly sellers. For the various companies reporting inside trades, insiders were mainly buyers but there were a few sale of stocks, of the companies to which they are connected.
A series of listed companies released information to the Jamaica Stock Exchange about each trade that took place in 2015 recently. Connected parties at Jamaica Broilers sold a total of 10,236,510 shares on January 28 and February 12. Sagicor Group had a senior manager purchasing 246,944 shares on March 18 and two senior managers purchased a total of 2,061,715 shares under during the period March 11 and March 16. The trades were done under the Executive Long Term Incentive of the group.

Insiders are buying into Sagicor Group’s vision of the future.

A Desnoes and Geddes’ director purchased 180,000 shares between the March 4 and 18, while over at Blue Power Group a director purchased 13,000 of the company’ shares on March 10. Grace Kennedy had seven non-executive directors acquiring 69,895 shares on March 12, as part of compensation for the year 2014. Mayberry Investments’ related party purchased 100,000 shares on March 24 and another purchase by a related party for 65,000 shares was on March 13.
Pan-Jamaican Investment saw a related party purchasing 24,401,900 shares on March 6.
There were only a few sales by insiders for the various companies reporting, with Jamaica Money Market Brokers’ connected party selling 778,362 shares on March 17 and a related party selling 20,219 shares on March 16 and 211,249 on March 11. On February 24 and 25 a related party purchased 5,533,174 of the company’s shares but between March 19 and 24 a related party to a director sold 4,000,000 shares.
Scotia Group had two senior managers disposing of 53,926 shares held under the Employee Share Ownership Plan.