Cargo Handlers — Page 110

Junior market drops again

August 16, 2017 by IC Insider.com

Jamaican Teas CEO, John Mahfood. The company traded 25m shares. on Wednesday.

Trading on the Junior Market of Jamaica Stock Exchange jumped on Wednesday with Jamaican Teas traded over 25 million shares as one large shareholder reorganized a portion of their holding. A total of 22 securities traded, 9 advanced 5 declined and 8 traded firm.
The Junior Market Index declined by 44.92 points to close at 3,112.54. Trading closed with 8 stocks ending with bids higher than their last selling prices and 4 with lower offers. The Market closed with 28,446,953 shares valued at $130,472,160 trading, compared with 2,187,410 shares valued at $12,791,307 on the previous day.
At the close of the market, the volume of stocks changing hands on Wednesday and the last prices they traded at are: Access Financial with 3,630 shares at $46.20, AMG Packaging closing with 4,624 shares at $3.50, CAC 2000 ended 35 cents higher to $7.40 with 46,692 shares, Cargo Handlers gained 30 cents to close at $11 with 1,000 shares, Caribbean Cream closed 80 cents higher at $6.70 with 1,877 shares, Consolidated Bakeries lost 24 cents, to close at $2.26 with 221,280 shares, after the company posted a loss in the June quarter on Lower revenues than in 2016. Derrimon Trading fell 90 cents, to $7 with 800 shares, Dolphin Cove closed at $17.50 with 5,534 shares, Express Catering with a loss of 1 cents, closed at $5.20 with 311,836 shares, General Accident with a loss of 7 cents, closed at $2.60 with 615,796 shares, Honey Bun closed at $5 with 4,500 shares, Jamaican Teas moved 25 cents higher to $4.95 with 25,101,325 shares, Jetcon Corporation climbed 20 cents higher to $5.50 with 43,070 shares, KLE Group closed 10 cents higher at $2.10 with 738,400 shares, Knutsford Express closed at $15 with 5,538 shares, Lasco Distributors rose 15 cents while closing at $6.70 with 576,888 shares, Lasco Financial lost 15 cents, and closed at $3.85 with 20,000 shares, Lasco Manufacturing closed at $4.33 with 71,292 shares, Main Event gained 5 cents to $5 with 3,732 shares, Paramount Trading closed at $2.85 with 64,224 shares, Stationery and Office Supplies traded 604,415 units with the price falling 59 cents to $4.40, and tTech rose 20 cents to $7 with 500 shares.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC 2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Emerging market, Express Catering, General Accident, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office Supplies, Trading Activity, tTech

Securities trading jump on Tuesday

August 15, 2017 by IC Insider.com

Trading in the Junior Market of the Jamaica Stock Exchange closed on Tuesday with a number of stocks declining out pacing those rising. The volume and value of stocks traded declined compared to that on Monday while the market index closed lower by 38.26 points to 3,157.46.
The Market closed with 2,187,410 shares valued at $12,791,307 trading compared with 5,636,428 valued at $31,083,116 on the previous day. A total of 28 securities traded compared 22 on Monday as 17 stocks declined, 2 advanced and 9 traded firm.
At the close of the market, stocks trading and their last traded price are: Access Financial with 35,383 shares trading, closed with a loss of 30 cents to end at $46.20, AMG Packaging closed with 25,000 shares at $3.50, Blue Power had 5,450 units changing hands with fall of 50 cents to $41.50, Cargo Handlers with a loss of 30 cents, closed at $10.70 with 18,817 shares, Caribbean Cream closed with a loss of 84 cents, at $5.90 with 24,346 shares, Caribbean Producers ended 11 lower to $3.39 with 13,000 shares, Consolidated Bakeries lost 12 cents and closed at $2.50 with 1,627 shares, C2W Music closed at 38 cents with 18,237 shares, Derrimon Trading with a loss of 10 cents, closed at $7.90 with 12,065 shares, Dolphin Cove closed at $17.50 with 2,185 shares, Express Catering ended 20 cents higher at $5.30 with 319,964 shares, General Accident closed at $3.30 with 46,866 shares, Honey Bun closed 20 cents higher at $5 with 4,066 shares, Iron Rock closed at $3 with 38,000 shares, Jamaican Teas closed at $4.70 with 7,346 shares, Jetcon Corporation with a loss of 1 cent, closed at $5.30 with 176,320 shares, KLE Group closed at $2 with 23,000 shares, Key Insurance with a loss of 5 cents, closed at $3 with 5,000 shares, Knutsford Express closed at $15 with 9,850 shares, Lasco Distributors with a loss of 15 cents, closed at $6.55 with 149,100 shares, Lasco Financial traded at $4 with 54,927 shares, Lasco Manufacturing with a loss of 37 cents, closed at $4.33 with 41,292 shares, Main Event fell 5 cents, and closed at $4.95 with 117,083 shares, with a loss of 5 cents, Medical Disposables closed at $5 with 200,000 shares, after falling 50 cents, Paramount Trading eased 5 cents closed at 5 cents with 47,256 shares, Stationery and Office Supplies traded 725,061 units with the price falling 41 cents to $4.99, Sweet River dipped 3 cents, to $3.52 with 60,169 shares and tTech dropped $1 and closed at $6.80 with 6,000 shares.

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Emerging market, Express Catering, General Accident, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office Supplies, Trading Activity, tTech

Junior market closed higher – Monday

August 14, 2017 by IC Insider.com

Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks rising out pacing those declining 2 to 1. The volume and value of stocks traded declined sharply compared to that on Friday and the market index closed higher.
The Market index surged 45.93 points to close at 3,195.72 as 5,636,428 shares valued at $31,083,116 traded compared with 15,739,900 units valued at $100,160,789 on Friday.
Overall Market activity resulted from trading in 22 stocks, down from 25 on Friday as the market closed with 10 advancing, with Stationery and Office Supplies closing at a new high of $5.40, as the prices of 4 declined and 10 remaining unchanged.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks advancing out pacing those declining. The volume and value of stocks traded advanced compared to that on Friday and the market index closed higher.
At the close of the market, stocks trading and their last traded price are: Blue Power traded 623 shares and rose 50 cents to end at $42, CAC 2000 fell 45 cents to $7.05 with 5,000 shares, Cargo Handlers closed at $11 with 3,410 shares, Caribbean Cream lost 6 cents and closed at $6.74 with 35,028 shares, Caribbean Flavours climbed 5 cents and ended at $13 with 1,561 shares, Caribbean Producers closed at $3.50 with 18,367 shares, Consolidated Bakeries closed at $2.62 with 70,000 shares, Express Catering closed at $5.10 with 3,590,526 shares after falling 40 cents, General Accident climbed 30 cents to $3.30 with 8,000 shares, Honey Bun rose 30 cents to closed at $4.80 with 13,899 shares, Jamaican Teas closed at $4.70 having gained 10 cents with 40,871 shares, Jetcon Corporation closed 11 cents higher at $5.31 with 31,932 shares, KLE Group closed at $2 with 130,557 shares, Knutsford Express closed at $15 with 30,955 shares, Lasco Distributors traded 225,541 shares at $6.70, Lasco Financial closed at $4 with 25,254 shares, Lasco Manufacturing closed 20 cents higher at $4.70 with 2,715 shares, Main Event closed at $5 with 1,670 shares, Medical Disposables gained 25 cents and closed at $5.50 with 35,000 shares, Paramount Trading added 25 cents to close at $2.90 with 35,000 shares Stationery and Office Supplies traded 1,290,789 units as the price climbed to a new closing high of $5.40 after rising 32 cents, earlier in trading the stock went as high as $6 before pulling back ahead of the close and tTech fell 25 cents to $7.80 with 39,730 shares.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Emerging market, Express Catering, General Accident, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office Supplies, Trading Activity, tTech

SOS up 154% since public issue

August 11, 2017 by IC Insider.com

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Stationery & Office Supplies shares that were listed on the Junior Market of the Jamaica Stock Exchange on Thursday traded as high as $5.80 but closed at a record closing high of $5.08 to record a rise of 154 percent at the close.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Friday with a number of stocks advancing out pacing those declining 2 to 1. The volume and value of stocks traded rose sharply compared to that on Thursday as Express Catering traded 12.4 million shares and the market index closed higher by 16.57 points to close at 3,149.79 points to close at 3,133.22.
The Market index traded 15,732,911 shares valued at $100,160,789.54 compared with 554,002 shares valued at $2,805,282 on the previous day. A total of 25 securities traded compared 18 on Thursday with 9 stocks advancing 5 declining and 11 traded firm.
Trading ended with an average of 629,316 units for an average of $4,006,432 in contrast to 30,778 units for an average of $155,849 on Thursday. The average volume and value for the month to date amounts to 210,256 units valued at $1,210,863 compared to 140,412 units valued at $744,935 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks trading and their last traded price are: Access Finance added 50 cents to close at $46.50 with 15,230 shares, AMG Packaging trading 30,000 units at $3.50, Blue Power closed at $41.50 with 12,277 shares, Cargo Handlers closed with a loss of 50 cents at $11 with 6,848 shares, Caribbean Cream closed at $6.80 with 13,080 shares, Caribbean Flavours ended $1.95 higher and closed at $12.95 with 9,503 shares, Caribbean Producers closed at $3.50 with 109,654 shares, Consolidated Bakeries closed at $2.62 with 4,000 shares, Dolphin Cove lost $2.50 and closed at $17.50 with 1,272,104 shares. Express Catering rose 49 cents to $5.50 with 12,431,073 shares, General Accident closed 5 cents higher to $3 with 38,644 shares, Honey Bun dipped 50 cents, to a 52 weeks’ low of $4.50 with 13,400 shares, Jamaican Teas ended 5 cents higher at $4.60 with 3,000 shares, Jetcon Corporation closed 5 cents higher at $5.20 with 124,479 shares, KLE Group closed at $2 with 60,400 shares. Knutsford Express gained 10 cents and closed at $15 with 6,900 shares, Lasco Distributors closed at $6.70 with 202,957 shares, Lasco Financial closed with 22,593 shares trading at $4, Lasco Manufacturing ended at $4.50 with 8,881 shares, Main Event traded at $5 with 14,253 shares, Sweet River closed 3 cents higher at $3.55 with 2,000 shares, tTech dropped $1.45 to $8.05 with 20,513 shares, Eppley 8.25% preference share closed with a loss of 5 cents at $6 with 400 units and Eppley 9.5% preference share closed at $6.60 with 1,000 shares.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Finance, AMG Packaging, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, Eppley, Honey Bun, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Sweet River, Trading Activity, tTech

Junior stocks eased slightly on Wednesday

August 9, 2017 by IC Insider.com

Trading in the Junior Market of the Jamaica Stock Exchange closed on Wednesday with a number of stocks declining, out pacing those rising. The volume and value of stocks trading, declined compared to that on Tuesday and the market index closed slightly lower.
The Market index declined 6.83 points to close at 3,155.07, with 17 securities trading as 6 stocks advanced 5 declined and 6 traded firm. At the close 3,764,636 shares valued at $19,753,434.21 traded, compared with the 7,982,375 units valued at $43,352,441passing through the market on the previous trading day.
Trading ended with an average of 221,449 units for an average of $1,161,967 in contrast to 347,060 units for an average of $1,884,889 on Wednesday. The average volume and value for the month to date amounts to 162,339 units valued at $862,752 compared to 147,562 units valued at $787,949 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks that were active and their last traded price for the day are: Access Finance closing at $46 with 15,230 shares, AMG Packaging losing 5 cents trading 60,000 units at $3.70, Cargo Handlers closing at $13.20 with 300 shares, Caribbean Cream closing 30 cents higher to $6.80 with 22,500 shares, Caribbean Producers ending at $3.50 with 4,900 shares, Eppley gaining 1 cent, closing at $12.39 with 2,100 shares. Express Catering rose 70 cents and closed at $5 with 201,753 shares, General Accident ended with a loss of 10 cents and closed at $2.80 with 75,000 shares, Honey Bun lost 5 cents, to close at $5.50 with 3,488 shares, Jamaican Teas closed at $4.51 with 3,129 shares, Jetcon Corporation fell 50 cents, close at $5.10 with 1,978,580 shares. Knutsford Express closed at $15 trading 4,245 shares, Lasco Distributors closed with a loss of 10 cents at $6.60 with 518,930 shares, Lasco Manufacturing traded 10 cents higher close at $4.50 with 769,919 shares, Main Event rose 15 cents to $5.00 with 44,075 shares, Medical Disposables lost 25 cents, to close at $5.25 with 58,344 shares and Paramount Trading gained 6 cents to close at $2.60 with 17,000 shares.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Producers, Daily Trading, Emerging stock market, Eppley, Honey Bun, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity

Profit drops at Cargo Handlers

August 7, 2017 by IC Insider.com

Adage has it that markets know best, but the performance of Cargo Handlers profit performance and stock price movements put the concept in greave doubt. The company reports lower revenues and profit for the June quarter this year compared to 2016 while the stock price tanked from serious overvaluation.
Profit for the nine months, dipped to $116 million from $124.5 million in 2016 after tax, even as revenues climbed from $234 million to $255 million. For the June quarter revenues fell to $74 million from $81 million in 2016 and profit after tax dropped sharply by 32 percent, from $46 million to $31 million. Earnings per share ended at 8 cents for the quarter and 31 cents for the nine months, for the full year earnings should end around the 40 cents range. Such earnings would put the price earnings ratio at a very high 33 and the stock price at great risk of falling.
In 2016, the company earned $6.3 million in other income in the June quarter with gains of $2.2 million in foreign exchange earnings in 2017, for the quarter and year to date and $3.4 million versus $10.5 million for the nine months to June last year. While revenues fell in the June quarter, compared to 2016, operating expenses jumped $5 million to $35.4 million and $20 million for the nine months to $112 million. $7 million of the increase, management reported, is due to “adjustments to some vessels’ rescheduling.” Management also stated that “the petroleum division will in the ensuing quarter begin to introduce newly acquired equipment that will give us the capacity to comfortably service additional business.”
The company’s is strong financially, with cash on hands of $237 million, current liabilities of just $25 million and shareholders’ equity of $366 million and generated cash flows from operations of $137 million for the nine months period.
An interim dividend of 11 cents per stock unit was declared by the directors to be paid on September 8.
Montego Bay is said to be the fastest growing region in Jamaica currently, if the pace continues, should provide the company will a solid base for growth. The big concern now is the need for the stock price to adjust downwards to mirror the values in the rest of the market. The stock peaked at $30 earlier this year and last traded at $13.20. It is going to take a few years for those who bought at the top of the market to recover their investment and opportunity cost expended on it. Cargo Handler is not a recommended buy currently.

Filed Under: Company News, Company Results Tagged With: Cargo Handlers, Montego Bay

Cargo Handlers Q3 report omissions & error

August 7, 2017 by IC Insider.com

Cargo Handlers reported a fall in profits for the nine months to June this year, but with incorrect number of shares shown as issued and with no segment accounts.
The company last year split each share into 10 units resulting in 374 million units issued, instead of the 37.4 million units, net of treasury shares, shown in the equity statement of the financial statements. Additionally, the company has distinct segments of petroleum haulage, leasing and stevedoring. The financial statements have no information for each segment, as is the requirement of the International Accounting Standards.

Filed Under: Street News & Views Tagged With: Cargo Handlers, International Accounting Standards.

Volume dips as most Junior stocks trade

August 2, 2017 by IC Insider.com

Trading in the Junior Market of the Jamaica Stock Exchange closed on Wednesday with 84 percent of the ordinary listings being active and ending with declining stocks dominating rising ones almost 2 to 1 leading to a small fall in the market index.
At the close the volume of stocks and value of stocks traded, fell by a half of Monday levels.
The market ended with 2,266,721 units valued at $11,726,592 changing hands, with the index falling 6.26 points to close at 3,149.20. On Monday, trading closed with 4,581,201 units valued at $21,905,678.
A total of 26 securities traded, versus 22 on Monday, with 8 stocks rising and 13 declining. Trading closed with 4 stocks having bids higher than the last traded prices and 1 closing with a lower offer.
Trading ended trading with an average of 87,182 units for an average value of $451,023 in contrast to 208,236 units for an average value of $995,713 on Friday. In contrast, July closed with averages of 536,395 units valued at $1,905,441 for each security traded.
At the close of the market, stocks trading and their last traded price are Access Financial Services closing with a loss of 50 cents at $46, in trading 1,127 units, AMG Packaging rose 15 cents to close at $3.65 with 125,763 units changing hands, CAC 2000 fell 50 cents with 5,000 shares trading to end at $6.50, Cargo Handlers ended trading with 6,910 shares to close at $13.20. Caribbean Cream ended trading at $6.50 with a 35 cents loss, after trading 26,650 shares, Caribbean Producers added 10 cents to close trading with 141,875 units, at $3.45, Consolidated Bakeries rose 1 cent and ended with 74,146 units changing hands, at $2.63. C2W Music had 70,000 units changing hands, to close at 38 cents, after falling 1 cent, Derrimon Trading declined by 20 cents to end at $7.80 after with 27,119 shares changing hands. Recently listed Express Catering ended at $5 with 292,114 shares changing hands, after the company announced a dividend of 0.917 US cent per share, General Accident closed trading with 2,000 shares at $2.90, Honey Bun fell 6 cents with 208 shares changing hands at $5.50, ISP Finance closed $2 higher with 9,418 units changing hands at $18, Jamaican Teas rose 2 cents, trading 23,819 shares to close at $4.52, Jetcon Corporation traded 47,084 shares to end at $5.10, after slipping 10 cents, Key Insurance traded 8,535 units to close at $3.05 after losing 80 cents, KLE Group ended at $2 with 6,000 shares changing hands, Knutsford Express lost 5 cents in trading 5,799 shares to end at $14.90, Lasco Distributors closed with a rise of 8 cents at $6.88, after trading 261,741 units, Lasco Financial lost 16 cents and ended with 26,052 shares changing hands at $4.04, Lasco Manufacturing rose 4 cents and ended with 42,634 shares trading at $4.37, Main Event eased 3 cents to close with 10,971 shares trading at $5.47, Medical Disposables dropped 45 cents in closing at $5.50 with 1,023,000 units trading, Paramount Trading ended with 15,500 units changing hands at $2.50, Sweet River rose 2 cents, ending with 7,494 units changing hands at $3.52 and tTech lost 50 cents in trading 5,762 units to close at $8.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging stock market, Eppley, Express Catering, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Sweet River, Trading Activity, tTech

Trading up on Junior Market

July 31, 2017 by IC Insider.com

Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks declining just edging out those rising and led to a small fall in the market index. At the close the volume of stocks and value of stocks traded increased compared to that on Friday.
Trading ended with 4,581,201 units valued at $21,905,678 changing hands, with the market index falling 7.65 points to close at 3,155.46. On Friday, trading closed with 3,193,325 shares changing hands valued at $14,765,053.
A total of 22 securities traded, versus 20 on Friday with 7 stocks gaining and 8 declining and trading closed with 10 stocks having bids higher than the last traded prices and 2 closing with lower offers.
The Junior Market ended trading with an average of 208,236 units for an average value of $995,713 in contrast to 159,666 units for an average value of $738,253 on Friday. The average volume and value for the month to date amounts to 536,395 units valued at $1,905,441 compared to 552,021 units valued at $1,948,762 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading with their last traded prices are: AMG Packaging closed at $3.50 with 18,840 units changing hands, CAC 2000 traded 30 cents higher to $7 with a 32,193 shares being exchanged, Caribbean Cream had a loss of 15 cents, to close at $6.85 with a 731,500 shares trading, Caribbean Flavours closed at $12 with a 3,500 shares trading, Caribbean Producers rose 10 cent to $3.35 with a 618,208 shares traded, Consolidated Bakeries closed at $2.62 with a 15,000 shares being exchanged. C2W Music shed 1 cent to close at 39 cents with a 8,000 shares being switched, Express Catering fell 20 cents and closed at $5 with 1,302,903 shares being swapped,General Accident closed at $2.90 with a 61,215 shares traded, Honey Bun closed at $5.56 with a 2,000 shares changing hands. Iron Rock Insurance ended trading with a loss of 20 cents, at $3 with a 327,174 shares traded, ISP Finance closed at $16 with a 4,582 shares being traded, Jamaican Teas closed 25 cents higher to $4.50 with a 12,000 shares changing hands, Jetcon Corporation traded 15 cents higher, to close at $5.20 with a 442,571 units being swapped. Knutsford Express declined 5 cents, to close at $14.95 with a 5,184 shares switching owners, Lasco Distributors traded 30 cents higher to close at $6.80 with 325,195 shares changing owners, Lasco Financial rose 40 cents in trading 79,365 units to close trading at $4.20, Lasco Manufacturing traded with a lost 47 cents, and ending at $4.33 with a 6,963 shares being transferred, Main Event declined by 10 cents to close with 34,541 shares trading, to close at $5.50. Medical Disposables closed 45 cents higher at $5.95 with a 5,000 shares traded, Paramount Trading lost 49 cents to close at $2.50 with a 537,401 shares changing hands after the company posted a sharp fall in profits for the year to May and tTech lost 6 cents and closed at $9 with 7,866 shares trading.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Emerging stock market, Express Catering, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Express Catering volumes settling?

July 28, 2017 by IC Insider.com

Trading in Express Catering shares declined sharply lower on the Junior Market on Friday, with just 1,663,796 units trading compared to 71,508,426 units traded on Thursday. The stock climbed 60 cents to close at a record of $5.20 with 368,228 on the offer at the closing price.
There is still a large number of bids to buy the stock in the high $4 range up to $5. At this price its valued at 20 times estimated 2018 earnings. Based on the behaviour of investors in Main Event it could well be pushed higher and then settle back lower, only time will tell.
Trading elsewhere on the Junior Market remained subdued on Friday with 3,193,325 shares changing hands valued at $14,765,053, from 72,244,997 shares valued at $309,765,128 traded on Thursday. At the close, the market index rose 36.68 points to 3,163.11.
Twenty (20) securities traded, versus 21 on Thursday with 7 stocks gaining and 3 declining and closed with 3 stocks having bids higher than the last traded prices and 4 closing with lower offers.
The Junior Market ended trading with an average of 159,666 units for an average value of $738,253 in contrast to 3,440,238 units for an average value of $14,750,720 on Thursday. The average volume and value for the month to date amounts to 552,021 units valued at $1,948,762 compared to 571,639 units valued at $2,009,287 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services closed at $46.50 in trading 500 units, AMG Packaging fell 25 cents and closed at $3.50 with 4,000 units changing hands, Cargo Handlers ended trading 5,612 shares to close at $13.20, Caribbean Cream ended trading at $7, after trading 41,257 shares, Caribbean Producers shed 14 cents to close trading with 24,986 units, at $3.25, General Accident added 20 cents, closing trading with 340,315 shares at $2.90, ISP Finance closed with 6,633 units changing hands at $16, Jamaican Teas rose 20 cents in trading 655,573 shares to close at $4.25, Jetcon Corporation traded 200,930 shares to end at $5.05, after gaining 8 cents, Key Insurance traded 16,750 units to close at $3.85 after rising 80 cents, KLE Group ended at $2 with 30,044 shares changing hands, Knutsford Express traded 9,497 shares to end at $15 Lasco Financial rose 25 cents and ended with 46,624 shares changing hands at $3.80, Main Event gained 10 cents to close with 127,049 shares trading at $5.60, Paramount Trading rose 4 cents and ended with 3,000 units changing hands at $2.99, tTech traded 6,500 units to close at $9.60 and Eppley 9.5% preference share jumped $1.10 to close at a 52 weeks’ high of $7.20, with 645 units trading.