Only 2 stocks trade on junior market

Trading in the Junior Market closed with very little activity on the second trading day of December. Trading ended with only 22,000 units valued at $27,980. The JSE Junior Market Index fell 5.44 points to close at 679.42, only 2 securities traded, with the price of 2 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market weakness continues with 8 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
The two stock to trade are, Caribbean Cream closed with 5,000 shares trading lower by 1 cent at 70 cents and Lasco Distributors finished trading with 17,000 units and fell 6 cents to $1.44.

Lasco Manufacturing dominates juniors

Heating of raw material to make bottles for Lasco's new drinks

Heating of raw material to make bottles for Lasco’s new drinks

The Junior Market closed with 7 securities trading with Lasco Manufacturing accounting for 2.5 million units of the stocks to trade and resulted in activity in 3,366,459 units valued at $3,455,131. The JSE Junior Market Index rose 6.53 points to close at 685.49, with the price 5 advancing and none declining.
At the close of the market, there were 1 stock with the bid higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Cargo Handlers concluded trading with 500 shares while gaining 90 cent $15, the high first reached in February this year. Lasco Distributors ended trading with 407,000 shares and increased of 10 cents to $1.50, Lasco Financial closed with 3,000 shares as the price climbed 1 cent to 94 cents. Lasco Manufacturing finished trading with 2,483,104 shares changing hands, to close 3 cents higher to $1.02, Paramount Trading saw trading in 15,255 shares as the price climbed 5 cents to $2.60, Caribbean Cream ended with 457,500 shares changing hands, to close at 71 cents and Access Financial ended with 100 shares changing hands to close at $10.01.
Blue Power released six months results to October showing profits of $52 million compared to $55 million in the same in 2013. For the three months profit declined to $22.8 million from $25.2 million as the lumber division contributed lower revenues than in 2013. Earnings per share are still strong at 91 cents and should go on to approach the $2 level by year end.

2 Lasco stocks gained on Junior market

Peter Chin - CEO Lasco Distributors

Peter Chin – CEO Lasco Distributors


Trading in the Junior Market closed with moderate activity on Monday with trading ending with 193,314 units valued at $267,070. The JSE Junior Market Index rose 2.72 points to close at 680.96, only 6 securities traded, with the price 2 advancing, while no stock declined.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. The junior market continues to exhibit weakness with 6 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Lasco Distributors concluded trading with 103,624 shares changing hands, with gains of 2 cents to $1.50. The stock is now back at its 52 weeks high reached in April this year but is still way off from the high of $1.80 reached in July 2013. Lasco Financial ended with 50,000 shares trading, 3 cents higher, to 93 cents, Caribbean Cream ended with 6,500 shares changing hands, to close at 71 cents, Caribbean Flavours saw 17,161 shares trading, to close at $2.35, General Accident exchanged 8,000 shares in trading at $1.50, the stock closed with a bid at $1.56 and Lasco Manufacturing finished trading with 8,029 shares at $1.

6 stocks trade on Junior market

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Caribbean Cream traded at 71 cents. The company has now commissioned it blast freezer that is expected to cut energy cost & result in better frozen products

Caribbean Cream traded at 71 cents. the company has now commissioned it blast freezer that is expected to cut energy cost & result in better frozen products

Trading in the Junior Market on Friday closed with 940,040 units valued at $989,552 changing hands. The JSE Junior Market Index fell 2.80 points to close at 678.24. Only 6 securities traded, with the price 1 advancing and 1 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. The junior market continues to be weak with 9 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Lasco Distributors ended trading with 184,500 shares changing hands, 3 cents higher at $1.48, Caribbean Cream concluded trading with 115,000 shares changing hands, to close at 71 cents. The company has now installed it blast freezer, that is expected to cut energy cost and allow for better frozen ice cream products. Caribbean Producers had 1,000 shares trading at $2, Consolidated Bakeries ended trading with 3,360 shares at 82 cents, Lasco Financial finished trading with 48,180 units to fall 5 cents to 90 cent, Lasco Manufacturing ended with 588,000 units as the price slipped 5 cents to $1.

Kremi invest for future growth

Kremi ice contCaribbean Cream, producers of the Kremi ice cream, has been spending big bucks for expansion and growth. That action has seen a major improvement in sales but little change in profits for the six months to August. While sales revenues climbed 20 percent in the two quarters this fiscal year, profit is down in the second quarter to August from $7.9 million to $1.35 million and for the six months, profit is flat at $17.8 million.
Gross profit climbed 29 percent to hit $58 million, but margin fell in the August quarter to 30 percent from 37.8 percent in the May quarter, putting the six months margin at 34 percent, from an increase in the gross profit of 44 percent, to $127 million from $88 million. Profit margin has improved in 2014 over the levels in the first and second quarters of 2013. Last year, gross profit margin was 26.5 percent for the August quarter and 27.3 percent for the half year. Management in their report to shareholders, indicated that the slippage in profit margin in the August quarter, is due to unexpected repairs and maintenance of equipment, as well as increased depreciation charge.
Forecast| Based on greater sales in the last half of the fiscal year, margins are expected to move into the 80 percent range, as direct overhead costs are fairly static. IC Insider is forecasting earnings of $77 million or 25 cents per share for the year ending April 2015, from projected revenues of $1.05 billion. The Kremi brand is now being introduced to the retail market to compete with other brands, mostly imported, on the shop shelves. Its better taste and pricing should ensure an increasing presence and sales in the future.
Financials| In the last 12 months the company acquired fixed assets amounting to $212 million, pushing total fixed assets net of depreciation, to $400 million, from $221 million at the end of August 2013. Inventories climbed to $115 million from $69 million a year ago, due to increased containers and raw materials, to facilitate expansion of the product line and increased sales. Receivables fell from $70 million to $33 million. Cash that was at $63 million has been used up leaving less than a million dollars at the end of August. Borrowings climbed to $163 million from $141 million, at the end of 2013 second quarter. Amounts due to creditors ballooned to $130 million from $61 million the year before.

Junior Market moderate trading continues

lascoDistributors280x150 There was trading in only 4 securities on the junior market on Tuesday, ending with 629,119 units valued at only $626,014. The JSE Junior Market Index increased 3.34 points to close at 669.71 as 2 advanced and 2 remained unchanged.
Caribbean Cream’s 25,000 units, closed 1 cent higher at 71 cents and Lasco Manufacturing was the dominant trade with 596,772 shares, gained 3 cents to $1, Dolphin Cove traded 640 shares at $8 and Lasco Financial closed with 6,707 shares at 95 cents.
At the close of trading there was 1 stock with the bid higher than the last selling prices and 5 stocks with offers that were lower. Ten securities closed without bids to buy stock and 5 with no stock on offer to sell.

Junior market participation picks up but…

Kremi Rum crm The number of securities trading in the Junior Market, picked up today to 6, from very low levels previously, but with very low volume. At the close of trading, the price of 1 stock advanced and 1 declined, with a total volume trading was 30,562 units. The JSE Junior Market Index fell 2.73 points to close at 666.29.
At the close the market there only moderate interest in junior market stocks with no bids to buy 10 stocks and no offer to sell 7 out of the 24 listings in this market segment. There was only one stock with the bid that was higher than the last selling price but 4 stocks had offers that were lower.
Gains| Caribbean Cream the sole stock to gain in the junior market, traded 5,000 with a gain of 5 cents, to close at 70 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Dolphin Cove with 200 shares at $8, Lasco Distributors traded 2,300 units at $1.15 Lasco Financial 1,500 shares at $1 and Lasco Manufacturing managed to exchange 3,982 units at $1.
Declines| General Accident with 20,500 shares changing hands lost 1 cent to end at $1.58 is the only stock declining in the junior market at the end of trading.

JSE Junior Market low trading interest

The junior market enjoyed trading in 324,780 units valued at $353,366. The JSE Junior Market Index fell 2.40 points to close at 649.56 as just 5 securities traded with 2 advancing and 2 declining.
Kremi Rum crm Gains| Stocks recording gains, at the end of trading in the junior market are, Caribbean Cream with 29,240 units, gained 4 cents to 65 cents and General Accident had 9,000 units trading with 4 cents gain, to end at $1.50
Firm Trades| The only active stocks in the junior market that closed at the same price as the day before is Honey Bun with 1,442 shares to end at $2.12.
Declines| Stocks declining in the junior market at the end of trading are, Lasco Distributors with 263,098 units changing hands lost 2 cents to end at $1.11 and Lasco Financial with 22,000 shares lost 13 cents to end at 85 cents for anew 52 weeks low.
At the end of trader there were 2 securities with bids higher than the last selling price and two with offers that were lower.

Advances and declines even 7:7 on JSE

Activity on the Jamaica Stock Exchange on Monday, resulted in the prices of 7 stocks rising and 7 declining as 20 securities changed hands, resulting in 1,789,786 units trading, valued at $11,932,664.
JSE sum 22-9-14 Main Market| The JSE Market Index declined 529.66 points, to 71,857.69 and the JSE All Jamaican Composite index fell 592.25 points to close at 79,058.15.
Gains| Stocks closing with gains at their last traded price, in the main market are, Carreras with 26,708 ordinary shares trading, 5 cents higher to $34.40, Pan Jamaican Investment had 1,000 shares changing hands, one cent higher at $49.01, Proven Investments with 10,570 units, increased 0.99 US cent to 17.99 US cents, Sagicor Group put through 346,200 units with a gain of 5 cents to $9.25 and Scotia Group, had 91,798 shares changing hands, 15 cents higher at $19.40.
Firm| The stocks in the main market to close without a change in the last traded price are, Cable & Wireless with 3,000 units, closing at 30 cents, Jamaica Money Market Brokers with 60,068 ordinary shares, closed at $7 and National Commercial Bank with 55,031 shares ended at $18.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy with 19,260 shares, losing 40 cents to end at $57.60, Jamaica Broilers with 10,000 shares fell 25 cents to $4.45, Mayberry Investments with 707 shares lost 5 cents to end at $1.45 and Radio Jamaica with 42,096 shares, declined 2 cents to $1.02.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 33,113 units with a cent increase, at $3.02, Jamaica Money Market Brokers 7.50% preference share traded 487,000 units at $2 and Proven Investments 8% preference share traded 371,893 units at $5.
Junior Market| The JSE Junior Market Index fell 0.50 points to close at 661.73, only 5 stocks traded, with 1 advancing and 3 declining.
Gains| Lasco Distributors was the only stock recording a gain at the end of trading in the junior market, with 49,500 units at a 1 cent gain to $1.13.
Firm Trades| C2W Music traded 15,000 units at 40 cents, to be the only stock in the junior market that traded to close without a price change.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream with 48,093 shares to lose 3 cents at 61 cents, General Accident with 40,000 shares, lost 4 cents to end at $1.46 and Lasco Manufacturing with 78,749 shares closed with a gain of a cent at 96 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 9 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.

Advancing stocks in ascendancy in September

Activity on Wednesday on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 5 declining as 25 securities changed hands, resulting in 2,998,340 units trading, valued at $18,427,427. Stocks advancing were in the ascendancy for the second day in a row and continuing a trend since the start of September when there were only three days when declining stocks were just slightly more than advancing ones and in these case the difference was only one stock.
Main Market| The JSE Market Index gained 281.47 points to 72,360.96 and the JSE All Jamaican Composite index rose 314.73 points to close at 79,620.89.
JSE 17-9-14 Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Carreras with 2,800 shares trading and rose 5 cents to $34.65, Grace Kennedy had 34,500 shares changing hands, $2 higher at $61, Jamaica Broilers put through 1,562,540 units with a gain of 15 cents to $4.65, Mayberry Investments had 28,620 units trading to close 10 cents higher at $1.70, National Commercial Bank had 4,600 shares changing hands 5 cents higher at $17.90, Scotia Group added 265,860 units, with the price increasing 11 cents to $19.26 and Supreme Ventures 35,665 shares traded with a gain of 15 cents at $1.95.
Firm| The stocks in the main market to close without a change in price and last traded prices are, Gleaner with 188,597 units to close at $1.05, Jamaica Money Market Brokers 32,015 ordinary shares ended at $6.95, Kingston Wharves 1,252 units traded at $5, Proven Investments with 65,100 share closed at 17.99 US cents, Radio Jamaica with 10,102 shares, closed at $1.04, Sagicor Group with 57,130 shares closed at $9.75 and Scotia Investments had 8,020 units trading at $21.50.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Desnoes & Geddes with 26,200 shares, lost 10 cents to end at $4.70, Jamaica Producers traded just 2,607 units, lost 32 cents to end at $15.08, a new 52 weeks’ low and Sagicor Real Estate Fund with 22,054 shares, closed with a cent loss at $7.11.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 145,700 units at $2 and Proven Investments 8% preference share traded 15,800 at $5.
Junior Market| The JSE Junior Market Index increased 0.36 points to close at 664.06 as 6 stocks traded with 1 advancing and 3 declining.
Gains| The only stock with a gain at the end of trading in the junior market, is Lasco Financial with 254,000 units to gain 2 cents at 97 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Producers with 6,145 shares at $2.50 and General Accident 65,000 units at $1.45.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream with 90,000 shares changing hands, lost 1 cent to end at 64 cents, Lasco Distributors with 43,050 shares, the price lost 2 cents to end at $1.12 and Lasco Manufacturing with 30,983 shares closed with a decline of 2 cents at $1.01.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.