Dolphin trades 230M shares

The Jamaica stock market is off to a spirited start on Wednesday which saw Sagicor Investments crossing 227.5 million Dolphin Cove shares and buying another 2.1 million from other brokers. The main market indices are down and the junior of index is up with a number of new 52 weeks’ high being achieved.
JSE int 18-11-15Notable trades are, Caribbean Cream with 10,000 units at a new high of $5 after adding 40 cents, Dolphin Cove with 229,610,218 units at a new high of $16.03 with a rise of $2.33, Cable & Wireless with 690,670 units changing hands up to $2, but last traded at $1.91, Jamaica Broilers with 914,200 shares changing hands at $8.76. Jamaica Producers traded 1,156,535 units at $22.51, down by $1.50, Sagicor Group has seen 508,350 shares changing hands at $16.58, Sagicor Real Estate X Fund had 1,043,832 units at $9.81 and Seprod with 304,359 shares rising $1.85 to $17.80.
The number of securities trading climbed sharply to 28 securities changing hands with a volume of 234,954,186 units as 14 stocks gained and 7 declined after 75 minutes of trading.
The All Jamaican Composite index fell 135.44 points to 154,934.62, the JSE Market Index declined 121.19 points to 139,570.88 the JSE combined index rose 254.07 points to be at 146,679.37 and the junior market index climbed 41.27 points to 1,669.02.

4 juniors close at new high

Honey Bun traded at a 52 weeks' high on Tuesday.

Honey Bun traded at a 52 weeks’ high on Tuesday.

The junior market enjoyed another day of mostly increasing prices but ended with a 8.50 points loss of the index to 1,627.75. Trading finished with 14 active securities, 7 of which advanced and 5 declined. A total of 3,428,064 units, valued at $14,859,800 changed hands. The market ended with 4 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 11 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 a lower offer.
In trading, Access Financial lost $1, in trading 23,727 shares to close at $12.50. Caribbean Cream ended with 145,545 shares changing hands at $4.60, for a gain of 10 cents, Caribbean Flavours traded 140,890 units to end at $5, Caribbean Producers closed with a gain of 1 cent in trading 2,239,031 units at $4.61, for a new 52 weeks’ high but the stock traded as high as $6. Investors pushed Consolidated Bakeries up by 5 cents at the close, to end at $1.65 with 56,578 units changing hands. Derrimon Trading rose 30 cents with a mere 588 units changing hands at a 52 weeks’ high of $3.50, Dolphin Cove traded 145 units at $13.70 while losing 58 cents, General Accident Insurance traded 251,641 units at $1.90 for a 2 cents decline.JM - gph 17-11-15 Honey Bun with 73,727 shares changing hands, closed higher by 20 cents to a 52 a weeks’ high of $5.50, KLE Group gained 8 cents and ended with 14,920 units trading at 82 cents, Lasco Distributors closed with 5,350 shares changing hands to end at $4.38. Lasco Financial ended with a decline of 10 cents to $3.40, with a total of 400,852 shares changing hands, Lasco Manufacturing closed at $3.75 with 65,070 shares trading with a loss of 20 cents and Paramount Trading ended with 3,102 shares changing hands and gained of $1.79 to $9, for a new 52 weeks’ high.

Juniors’ new high as 6 stocks gained

CPJ closed at a new high of $4.60 on Monday

CPJ closed at a new high of $4.60 on Monday

The junior market enjoyed another day of increasing prices and ended with a 12.55 points rise the index to 1,636.25 to start the week at a record closing high. Trading finished with 13 active securities 6 of which advanced and 2 declined. A total of 1,609,611 units, valued at $6,598,531 changed hands. The market ended with 2 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 10 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 7 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, Blue Power traded 150 shares in closing at $13.10, Caribbean Cream ended with 510,900 shares changing hands at $4.50, Caribbean Flavours traded 328,048 units to end at $5, Caribbean Producers gained 45 cents in trading 10,000 units at $4.60, for a new 52 weeks’ high. Investors are continuing to respond to good first quarter results. The stock closed with an offer at $6 to sell 8,000 shares, with the bid of at $4.60 to buy 30,418 units. Investors pushed Consolidated Bakeries down by 30 cents at the close, as the company reported a loss in the third quarter and ended at $1.60 with 93,500 units changing hands. JM - Trade 16-11-15C2W Music traded at 39 cents with 50,000 units changing hands, General Accident Insurance traded 14,167 units at $1.92 for a 1 cent gain, Honey Bun with 3,000 shares changing hands, closed at $5.30, Jamaican Teas had 32,340 shares trading, to close at $4, after trading at a 52 weeks intraday high of $5. KLE Group gained 9 cents and ended with 20,000 units trading at 74 cents, Lasco Distributors closed with 221,040 shares changing hands, with a gain of 7 cents to $4.38 after trading as high as $4.43. Lasco Financial ended at 52 weeks’ closing high with a rise of 25 cents to $3.50, with a total of 98,155 shares changing hands and Lasco Manufacturing closed at $3.95 with 228,311 shares trading with a loss of 5 cents.

3 new highs for juniors as market gains

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Dolphin Cove traded at an all-time high on Friday

Dolphin Cove traded at an all-time high on Friday

The junior market rose 8.13 points with the index ending at 1,623.70 points to close out the week at a record closing high. Trading closed with 11 active securities 4 of which advanced and 4 declined. A total of 649,691 units, valued at $3,165,918 changed hands. The market ended with 3 stocks closing at new 52 weeks’ high.
Only 3 securities ended with no bids to buy and 10 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 one closed with a lower offer.
In trading, Blue Power traded 100,000 shares and gained 10 cents in closing at $13.10, Caribbean Cream ended with 12,000 shares changing hands at $4.50 with a loss of 10 cents. Caribbean Flavours traded 155,000 units to end with a gain of 10 cents at $5 for a 52 weeks high, Caribbean Producers gained 22 cents and traded 136,000 units at $4.15 for a new 52 weeks’ high as investors continued to respond to good first quarter results, icinsider.com/wp-content/uploads/2015/11/JM-Trade-13-11-15.png”>JM - Trade 13-11-1522855″ />the stock closed without an offer, Consolidated Bakeries ended at $1.90, with 2,000 units changing hands. Dolphin Cove had 26,000 shares changing hands at a new 52 weeks’ high $14.28, for a rise of $1.43, General Accident Insurance traded only 14,000 units at $1.91, KLE Group ended with 12,000 units trading at 65 cents, Lasco Distributors closed with 43,628 shares changing hands, with a fall of 14 cents to $4.31 after trading as high as $4.45. Lasco Financial closed with a decline of 6 cents to $3.25 with a total of 78,563 shares changing hands after trading as high as $3.40, Lasco Manufacturing closed at $4 with 70,500 shares trading.

Juniors above 1,600 points – highest close

Caribbean Producers closed at a new high of $3.93 in response to sharply increase Q1 results.

Caribbean Producers closed at a new high of $3.93 in response to sharply increase Q1 results.

The junior market rose 29.59 points to end above the 1,600 points level for the first time with the index ending at 1,615.57 points. Trading closed with 15 active securities 6 of which advanced and 2 declined. A total of 2,728,919 units, valued at $11,219,878 changed hands. The market ended with 3
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, an indication of chronic supply shortage of junior market stocks. A total of 7 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, Access closed with a gain of $1.95 at $13.50, with 4,000 units changing hands, Blue Power traded 4,000 shares in closing at $13, Caribbean Cream ended with 48,753 shares changing hands at $4.60. Caribbean Flavours traded 506,228 units to end with a loss of 1 cents at $4.90, Caribbean Producers gained 52 cents and traded 543,433 units at $3.93 for a new 52 weeks’ high as investors continued to respond to good first quarter results. Consolidated Bakeries ended at $1.90, with 312,000 units changing hands. Derrimon Trading ended with 45,000 shares changing hands and closed at $3.20, Dolphin Cove had 74,000 shares changing hands at $12.85, for a decline of 65 cents, General Accident Insurance traded only 7,500 units at $1.91 for a loss of 5 cents.JM - Trade 12-11-15 Honey bun traded with a gain of 2 cents to end at 52 weeks’ high of $5.30 with 82,748 units changing hands, KLE Group ended with 5,000 units trading at 65 cents, Lasco Distributors closed with 61,595 shares changing hands, with a rise of 5 cents to $4.45 after trading as high as $4.50. Lasco Financial closed with an increase of 6 cents at a new 52 weeks’ closing high of $3.31 with a total of 365,448 shares changing hands after trading as high as $3.50. Lasco Manufacturing closed at $4.03 with 661,204 shares changing hands and Derrimon Trading preference share ended with 8,010 shares changing hands at $2.20.

CPJ dominates trade with 190m units

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 3 points shy of 1,600 points

JM - gph 10-11-15 The junior market rose 32.86 to just 3 points away from the 1,600 point mark at 1,597.17 points on Tuesday as 16 securities were active with 10 stocks advancing and one declined. A total of 1,088,460 units, valued at $4,588,567 changed hands. The market ended with 7 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 10 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 7 stocks closed with bids higher than the last traded prices and 3 closed with lower offers.
In trading, Blue Power gained 80 cents in closing at $13.80, with 4,200 units trading. Caribbean Cream ended with 20,000 shares changing hands, at a new 52 weeks’ high of $4.60, to gain 10 cents, Caribbean Flavours traded 87,075 units to end at a new 52 weeks’ high of $4.85, after rising 5 cents, Caribbean Producers traded 79,902 units at $3.05. Consolidated Bakeries rose 10 cents to end at $1.90, with 40,742 units changing hands. Derrimon Trading gained 20 cents, to end with 5,000 shares changing hands at a 52 weeks’ high of $3.20, Dolphin Cove had 26,300 shares changing hands at $13.50, for a rise of 50 cents at a 52 weeks’ high. General Accident Insurance traded only 200 units at $2. The stock ended with an offer at $1.97, to sell 20,000 shares, Honey Bun closed with a mere 454 shares changing hands, to end 8 cents higher at a 52 weeks’ high $5.28, Jamaican Teas rose 5 cents with 33,810 shares trading, to close at $3.90.JM - Trade 10-11-15 KLE Group ended with 1,515 units trading at 45 cents, Lasco Distributors closed with 367,050 shares changing hands with a loss of 43 cents to $4.07, Lasco Financial closed with an increase of 20 cents at a new 52 weeks’ closing high of $3.20 with a total of 219,943 shares changing hands after trading as high as $3.40, Lasco Manufacturing rose 6 cents to end at $3.96 with 196,769 shares changing hands at a new 52 weeks’ high and Derrimon Trading preference share ended with 400 shares changing hands at $2.20.

Juniors at a new high of 1,564 points

Caribbean Flavours traded at a 52 weeks' high of $4.80, being 1 of 4 JM stocks to do so.

Caribbean Flavours traded at a 52 weeks’ high of $4.80, being 1 of 4 JM stocks to do so.

The junior market rose 51.72 to end at 1,564.31 points on Monday as 10 securities were active with 7 stocks advancing and none declined. A total of 1,795,342 units, valued at $7,877,738 changed hands. The market ended with 4 stocks closing at new 52 weeks’ high and 1 at 52 weeks’ intraday high.
Three (3) securities ended with no bids to buy and 10 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Caribbean Cream ended with 17,500 shares changing hands at a new 52 weeks’ high of $4.50 to gain 15 cents, Caribbean Flavours traded 144,722 units to end at a new 52 weeks’ high of $4.80, after rising 20 cents, Caribbean Producers traded 102,848 units at $3.05.JM - Trade 9-11-15 Consolidated Bakeries rose 15 cents to end at $1.80, with 45,000 units changing hands, Dolphin Cove had 150,150 shares changing hands at $13 after trading as high as $13.50. Jamaican Teas rose 5 cents with 74,015 shares trading, to close at $3.85, KLE Group ended with 6,250 units trading at 45 cents, Lasco Distributors closed with 88,950 shares changing hands with a gain of 50 cents to $4.50, for a new all-time closing high. Lasco Financial closed with an increase of 5 cents at a new 52 weeks’ closing high of $3 with a total of 540,380 shares changing hands and Lasco Manufacturing rose 30 cents to end at $3.90 with 625,527 shares changing hands.

Lasco companies batter US$ investment

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

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

On June 9, 2014, a reader wrote in with the question, “I respect your learned opinion and analysis in financial matters. In this regard, kindly advise if possible as to your views on Lasco Financial, Distributors and Manufacture. Do you believe that these stocks are likely to perform well in the short, medium and/or long-term.
The prices have declined compared to when I bought them and I am concerned about the potential for further decline as the dollar continues to devalue. Should I just cut my losses and sell and convert to FX.”
The prices on June 6 last year were as follows – it took J$111.37 to buy US$1 and now its roughly $120, an increase of just 7.7 percent. Lasco Distributors traded at $1.32 then and is now at $4 for a gain of 203 percent, Lasco Financial Services traded on June 6th last year at $1.15 and gained 156 percent to trade at $2.95 on Friday last week and Lasco Manufacturing was at $1 in June 2014 and has gained 180 percent up to Friday last. It is clear from the above which investment was the better one to have made. Those stock while doing very well have not been the best performing on the local market since then. Cable & Wireless traded at 29 cents in the 2014 period and last traded at $1.05 a 262 percent gain, Desnoes & Geddes was priced at $4.25 and is now at $30, the Jamaica Stock Exchange was then priced at $1.95 and has increase by 464 percent and Caribbean Cream moved from 75 cents to $4.35 for a gain of 480 percent.
IC Insider’s response, thanks for your enquiry. As you will see our BUY RATED list contains these three stocks. Here are our views. First off the local stock market tends to go down around May until last June or July. This is not cast in stone, just a tendency. One reason for it is that investors get the full information as to what companies did last fiscal year and a glimpse for the new-year. In the case of the three Lasco companies they have just reported their full year results. The distributorship earning is the most encouraging of the three and looks like it will probably do better than the other three in the short to medium term. It will also benefit from the Salada Foods distribution which started this year, as well as from increased production to come from the expanded Lasco Manufacturing company’s operation. The information suggest that the next set of results should possibly show growth over that of 2013.
Lasco Financial seems poised for good things, but big marketing spend last fiscal year kept profits down as they went for more market share. It does look as if they will be spending on the world cup promotions which could build business, but may also keep profits pressured somewhat for a while.
Lasco Manufacturing seems cheap at $1 bearing in mind the impact that the factory expansion is likely to have on both sales and profits ultimately. Short term they will have to pick up interest cost and depreciation on the completed factory but will enjoy cost savings and ultimately increased profits.
One need to be careful of converting to foreign exchange at this stage, as the big move in the FX trade could be over. You may have to hold the stocks for a while but the investment could pay off in the medium term, more so in the case of financial and distributorship, during 2014. We would want to see he Q1 results for Manufacturing before jumping.
It is our view that the market overall, is undervalued but investors will need to be patient and the payoff is likely to huge for those who wait, the gains to be reaped elsewhere is not likely to be all that great, to cause one to jump and possibly miss the gains in the local market that is ahead.

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.