Caribbean Flavours

Junior market index jumps – Tuesday

March 28, 2017 by IC Insider.com

I$P Finance hits a new high on Tuesday.

Volumes on the junior market more than doubled that of Monday, as the market index regained 48.35 points of the sharp fall on Monday to end at 3,044.46 points.
Market activity ended with 25 securities trading, up from 23 on Monday as 9 stocks rose and 11 declined. A total of 4,031,077 units valued at $23,768,156 passed through the market, compared to 1,062,024 units valued at $5,541,349 on Monday.
The junior market ended trading with an average of 161,243 units for an average value of $950,726 traded, compared to 46,175 units for an average value of $240,928 on the previous trading day. The average volume and value for the month to date, ended at 149,577 units and $1,439,528. On the immediate preceding trading day, the average volume and value for the month to date, were 148,963 units and $1,463,968. The average volume and value for February, ended at 223,938 units and $1,379,459.

Trading ended with 5 stocks had bids higher than their last sale prices and 2 ended with lower offers, than the last sale.
At the close of the market on Tuesday, AMG Packaging rose by 40 cents and closed at $5.80 with 56,426 units changing hands, Blue Power traded 1,885 units to close at $36.50, CAC 2000 rose 25 cents and closed at $7.85 with 3,000 shares trading, Cargo Handlers ended trading with 1,600 shares at $21, Caribbean Flavours traded 30,000 units to end at $14, Caribbean Producers lost 28 cents in trading 10,000 units at $3.67, Consolidated Bakeries ended with 385,100 shares changing hands, to close at $3. Derrimon Trading lost 38 cents and ended at $8.22 with 138,796 shares changing hands, Dolphin Cove gained $1 and closed trading with 61,739 shares, at $19, General Accident price closed trading with 96,697 shares at $2.80, Honey Bun gained closed with 19,383 shares changing hands at $6.60, after rising by 10 cents, Iron Rock had 31,714 units changing hands to close at $3.84 with a rise of 54 cents, ISP Finance traded 8,000 shares and rose 25 cents to a new high at $12.50, Jamaican Teas fell 75 cents in trading 135,911 shares to close at $7.25,

Jetcon Corporation lost 15 cents and closed trading with 62,090 shares being exchanged, to end at $11.85, Key Insurance lost 51 cents to end at $2.99 with 1,000 shares changing hands, KLE Group ended at $3.05 with 145,856 shares changing hands after rising by 25 cents, Lasco Distributors lost 40 cents and ended with 1,014,970 units trading at $6.60, Lasco Financial lost 50 cents with 209,152 shares changing hands, to end at $3.50, Lasco Manufacturing closed with 1,403,493 units changing hands at $4.79, after losing 21 cents, Main Event gained 1 cents and closed at $5 with 31,565 shares changing hands, Medical Disposables lost 75 cents in trading 27,800 shares to close at $5.25, Paramount Trading had 17,000 shares changing hands, to close with a loss of 15 cents at $3.65 and tTech fell 48 cents and ended with 118,000 units changing hands at $6.27.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, General Accident, Honey Bun, Iron Rock Insurance, 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, Trading Activity, tTech

Junior market index chopped – Monday

March 27, 2017 by IC Insider.com

Main Event climbed 48 cents to $4.99.

Volumes on the junior market nearly doubled that of Friday’s, but the market index dropped sharply by 65.43 points to fall below the 3,000 points mark to end at 2,996.11 points.
In other matters, the Jamaica Stock Exchange corrected the report for Friday that originally showed gains of just 7.21 points, to reflect the correct change of 29.39 points, after this publication reported the error.
Market activity ended with 23 securities trading, up from 19 on Friday as 7 stocks rose and 8 declined. A total of 1,062,024 units valued at $5,541,349 passed through the market, compared to 554,250 units valued at $3,004,928 on Friday.
The junior market ended trading with an average of 46,175 units for an average value of $240,928 traded, compared to 29,171 units for an average value of $158,154 on the previous trading day. The average volume and value for the month to date ended at 148,963 units and $1,463,968.

On the immediate preceding trading day, the average volume and value for the month to date, were 163,591 units and $1,582,454. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with 5 stocks had bids higher than their last sale prices and 2 ended with lower offers, than the last sale.
At the close of the market on Monday, AMG Packaging closed at $5.40 with 72,300 units changing hands, CAC 2000 lost 20 cents and closed at $7.60 with 23,000 shares trading, Cargo Handlers ended trading with 1,150 shares at $21, Caribbean Flavours lost 31 cents in trading 900 units to end at $14, Caribbean Producers rose 15 cents in trading 5,243 units at $3.95, Consolidated Bakeries ended trading with 105,000 shares changing hands, to close at $3. Derrimon Trading ended at $8.60 with 5,599 shares changing hands, General Accident price declined by 20 cents to close trading with 91,700 shares at $3, Honey Bun closed with 105,677 shares changing hands at $6.50, Iron Rock had 14,000 units changing hands to close at $3.30 with a rise of 20 cents, Jamaican Teas rose 15 cents in trading 14,460 shares to close at $8, Jetcon Corporation rose $1 and closed trading with 19,797 shares being exchanged, to end at $12, Key Insurance lost 20 cents to end at $2.80 with 71,750 shares changing hands,

Lasco Distributors lost 30 cents and ended with 216,050 units trading at $7, Lasco Financial rose 30 cents with 16,016 shares changing hands, to end at $4, Lasco Manufacturing closed with 227,140 units changing hands at $5, after losing 8 cents, Main Event gained 48 cents and closed at $4.99 with 27,861 shares changing hands, Medical Disposables traded 4,229, shares to close at $6, Paramount Trading had 13,132 shares changing hands, to close with a rise of 10 cents at $3.80, tTech fell 26 cents and ended with 15,000 units changing hands at $6.75. Derrimon Trading preference share ended with 3,970 units changing hands at $2, Eppley 10% preference share closed trading with 150 units at $6 and Eppley 8.25% preference share closed trading with 7,900 units at $6.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, Eppley, General Accident, Honey Bun, Iron Rock Insurance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Juniors up 18% for 2017 to Tuesday

February 28, 2017 by IC Insider.com

Caribbean Flavours traded at a 52 weeks’ high of $15.15 on the junior market.

Trading ended on Tuesday for the junior market, with the market index climbing 33.91 points to close at 3,089.02, with the market rising 17.8 percent for the year to date.
At the close, 21 securities changed hands, 8 advanced and 5 declined, while 3 closed at new 52 weeks’ highs. Trading ended with 1,010,984 units valued at over $6,271,613 passing through the market, compared to 3,249,262 units valued at over $21,042,717 on Monday. At the close 8 stocks had bids higher than their last sale prices and 4 ended with lower offers, than the last sale.
The junior market ended trading with an average of 48,142 units for an average value of $298,648 traded, compared to 141,272 units for an average value of $914,901 on the previous trading day. The average volume and value for the month to date ended at 223,938 units and $1,379,459 compared to 233,191 units and $1,436,344 to the previous trading day.

The average volume and value for January, ended at 165,547 units and $884,749.
At the close of the market on Tuesday, Blue Power dropped sharply by $4.75 and closed with 5,808 units changing hands at $50.25, Cargo Handlers traded 8,000 shares to end at $25, Caribbean Cream closed trading with 6,473 units to close at $7.27, after slipping by 23 cents. Caribbean Flavours climbed 84 cents in trading 20,193 units to end at a new 52 weeks’ high of $15.15. Caribbean Producers fell 15 cents in trading 3,400 units $4.05, Consolidated Bakeries gained 25 cents in trading 328,040 shares to close at $4, C2W Music had 3,803 units changing hands to close at 39 cents, Investors put back $1 on the price of Dolphin Cove, closing trading with 749 shares, to end at $18. General Accident closed with 11,580 shares while rising 30 cents to end at $3.50, Honey Bun had 22,091 shares changing hands, to end at $7.95, Jamaican Teas gained 30 cents in trading 5,835 shares to close at $8.30.

Jetcon Corporation closed trading with 60,885 shares being exchanged for gain of $1 to end at a 52 weeks’ high of $13, Key Insurance traded 2,415 units to close at $3.50, KLE shed 30 cents and ended trading 18,000 units, to close at $2.70, Lasco Distributors ended with 282,814 units trading with a rise of 48 cents at $6.99. Lasco Financial traded 26,850 shares changing hands, to end at $4.40, Lasco Manufacturing closed with 129,515 units changing hands at $4.50, Main Event had 48,813 shares changing hands, to close at $4.80. Medical Disposables gained 50 cents to close at $6.50 with 8,651 shares changing hands, Paramount Trading ended with 15,960 shares changing hands at $3.79 and tTech lost 31 cents and closed trading with 1,109 units changing hands at $6.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Emerging stock market, General Accident, Honey Bun, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity, tTech

Another record close for juniors

February 22, 2017 by IC Insider.com

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Lasco Financial traded at a new high on the junior market on Wednesday.

Lasco Manufacturing traded 5,269,141 shares accounting 77.45 percent of the volume changing hands on Wednesday as the junior market eked out another new high at the close.
The junior market ended trading on Wednesday, with a moderate gain of 3.90 points to close at 3,162.69 as 25 securities changed hands, with 12 advancing and 4 declining stocks, while 3 stocks closed at new 52 weeks’ high.
Trading ended with 6,803,575 units valued at over $35,960,840 passing through the market, compared to 21,021,882 units valued at $6,003,095, on Tuesday At the close 6 stocks had bids higher than their last sale prices and 2 with lower offers, than the last sale.
An average of 272,143 units with an average value of $1,438,434 traded, compared to of 53,783 units with an average value of $315,952 on the previous trading day. The average volume and value for the month to date ended at 258,893 units and $1,588,639 compared to 258,010 units and $1,598,653 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.

At the close of trading, AMG Packaging rose 99 cents to close at $25 with 3,000 units changing hands, C2W Music had 28,317 units changing hands to close at 39 cents, CAC 2000 closed at $7.50 with 7,500 units changing hands, Cargo Handlers traded 15,900 shares and gained 43 cents to end at $24.50. Caribbean Cream closed trading with 33,630 units at $8.40, after gaining by 25 cents. Caribbean Flavours rallied by 81 cents in trading 880 units to end at a 52 weeks’ high of $14.31, Consolidated Bakeries traded 60,141 shares to close at $4.05, Derrimon Trading rose 30 cents to end at a 52 weeks’ high of $7.50 with 1,500 shares changing hands, Dolphin Cove closed trading with 3,660 shares, to end at $20. General Accident closed with 81,000 shares while falling 25 cents to end at $3.85, Honey Bun gained 50 cents with 7,470 shares changing hands, to end at $7.50, Jamaican Teas gained 50 cents in trading 28,000 shares to close at $8.50. Jetcon Corporation closed trading with a 20 cents loss, with 287,475 shares being exchanged, to end at $11, Key Insurance traded 14,000 units, to close with a rise of 50 cents at $3.50,

KLE Group gained 26 cents and ended with 2,000 units changing hands at $2.86. Knutsford Express ended trading with 3,172 units to close at $35, Lasco Distributors ended with 106,350 units trading with a loss of 30 cents at $7, Lasco Financial traded 49,354 shares changing hands, to end with a rise of 25 cents at $4.75, Lasco Manufacturing closed with 5,269,141 units changing hands at $4.95. Main Event gained just 1 cent while 181,750 shares changed hands to close at $4.81, Medical Disposables closed at $7 with 32,100 shares changing hands, Paramount Trading fell 30 cents and ended with 350,551 shares changing hands at $3.50. Sweet River traded just 200 shares at $3.50, tTech rose 41 cents and closed trading with 6,152 units changing hands at $7.61 and Eppley 8.25% preference share, ended with 230,332 units changing hands at $6 after falling by 1 cent.

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

New record close for juniors – Tuesday

February 21, 2017 by IC Insider.com

The junior market hit a new record close at the end of trading on Tuesday, with a strong gain of 57.28 points to close at 3,101.51 as 19 securities changed hands.
The market ended with an equal numbers of advancing and declining stocks, after three stocks rose by $1, $4 and $5.10.
At the market’s close, 7 stocks rising while 7 declined while 3 closed at 52 weeks’ highs. Trading ended with 1,021,882 units valued at $6,003,095 passing through the market, compared to 2,642,818 units valued at over $15,747,182, on Monday. At the close 6 stocks had bids higher than their last sale prices and 2 with lower offers, than the last sale, while 1 stock closed at new 52 weeks’ high while one traded at an intraday high.
An average of 53,783 units with an average value of $315,952 traded, compared to of 110,117 units with an average value of $656,133 on the previous trading day. The average volume and value for the month to date ended at 258,010 units and $1,598,653 compared to 272,597 units and $1,690,274 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, CAC 2000 rose 55 cents and closed at $7.50 with 11,000 units changing hands, Caribbean Cream closed trading with 84,589 units at $8.15, after gaining by 15 cents. Caribbean Producers closed trading with 3,466 units being exchanged at $4.50 for a loss of 10 cents, Derrimon Trading ended at $7.20 with 130,736 shares changing hands, Dolphin Cove jumped $4 in trading 2,451 shares, to close at a 52 weeks high of $20. General Accident closed trading with 20,009 shares while falling 2 cents to end at $4.10, Honey Bun gained 50 cents and closed with 30,210 shares changing hands to end at $7.50,

Knutsford Express jumped $5.10 to a new high of $35.

ISP Finance traded 5,000 units to end at a 52 weeks’ high of $10, Jamaican Teas traded 2,018 shares to close at $8. Jetcon Corporation closed trading with a 9 cents loss, with 66,550 shares being exchanged, to end at $10.80, Key Insurance traded 23,923 units, to close with a rise of 11 cents at $3, KLE Group fell 10 cents and ended with 43,319 units changing hands at $2.60. Knutsford Express ended trading just 200 units to close at record $35, after jumping $5.10, Lasco Financial traded 60,000 shares changing hands, to end with a fall of 20 cents at $4.50, Lasco Manufacturing closed with 183,341 units changing hands, with a loss of 5 cents at $4.95, Main Event had 251,120 shares changing hands to close at $4.80. Medical Disposables closed at $7 with 21,446 shares changing hands, Paramount Trading ended with 56,373 shares changing hands at $3.80 and tTech shed 70 cents and closed trading with 26,131 units changing hands at $7.20.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: CAC 2000, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, General Accident, Honey Bun, ISP Finance, Jamaica Stock Exchange, Jamaican Stock, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Knutsford Express, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity, tTech

Juniors index inch higher on Monday

February 20, 2017 by IC Insider.com

Caribbean Flavours traded at a new high of $13.50 on Monday.

The junior market inched higher at the close of trading on Monday, to close at 3,101.51 points after climbing a mere 5.05 points. the market closed with 24 securities changing hands, compared to 19 on Friday.
At the market’s close, 11 stocks rose while 8 declined as trading ended with 2,642,818 units valued at $15,747,182 passing through the market, compared to 5,212,444 units valued at over $33,772,710, on Friday. At the close 6 stocks had bids higher than their last sale prices and 2 with lower offers, than the last sale, while 1 stock closed at new 52 weeks’ high while one traded at an intraday high.
An average of 110,117 units with an average value of $656,133 traded, compared to of 274,339 units with an average value of $1,777,511 on the previous trading day.

The average volume and value for the month to date ended at 272,597 units and $1,690,274 compared to 285,096 units and $1,759,823 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging dropped $3.99 and closed at $24.01 with 4,835 units changing hands, Blue Power closed at $50.25 after gaining 24 cents with just 100 shares trading, Cargo Handlers lost 43 cents in trading 180 units, to close at $24.07, Caribbean Cream closed trading with 30,640 units at $8, after gaining by 75 cents. Caribbean Flavours rose $1 in trading 1,500 units to end at a new 52 weeks’ high of $13.50, Caribbean Producers closed trading with 46,522 units being exchanged at $4.60 for a loss of 5 cents, Consolidated Bakeries traded 50,000 shares, to close 5 cents higher at $4.05, C2W Music traded 6,683 units and fell 11 cents to 39 cents. Derrimon Trading ended at $7.20 with 38,400 shares changing hands, General Accident closed trading with 6,000 shares while rising 12 cents to end at $4.12, Honey Bun closed with 4,672 shares changing hands to end at $7, Jamaican Teas traded 3,031 shares to close at $8 after gaining by 18 cents. Jetcon Corporation closed trading $1 higher with 390,520 shares being exchanged to end at $11,

Key Insurance traded 9,524 units, to close with a loss of 1 cent, at $2.89, KLE Group rose 20 cents and ended with 181 units changing hands, at $2.70, Lasco Distributors ended trading 110,000 units to close at $7.30, after adding 30 cents. Lasco Financial traded 412,200 shares changing hands, to end at $4.70, Lasco Manufacturing with 1,448,197 units changing hands, closed with a gain of 30 cents at $5, Main Event had 59,631 shares changing hands to close at $4.80. Medical Disposables lost 40 cents and closed at $7 with 4,704 shares changing hands, tTech gained 90 cents and closed trading with 513 units changing hands at $7.90, Eppley 9.5% preference share, ended with 300 units changing hands at $6.01 after falling by 2 cents and Eppley 10% preference share, ended with 300 units trading at $6.85.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging stock market, Eppley, General Accident, Honey Bun, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Broilers and Kremi now TOP 10ers

February 18, 2017 by IC Insider.com

The past week saw much changes in the main and junior markets as prices gyrated up and down, for several of the stocks. Some of the highly valued stocks, declined in value as some investors took profit from the sharp rise since the start of 2017, for a number of stocks.
In the TOP 10 junior market selection, Caribbean Flavours (CFF) rose 24 percent to $12.44 during the week and moved out of the list, with the bid at $12.50, making space for Caribbean Cream, now occupying ninth spot. CFF sits just outside the top tier of junior market stocks and could well reenter at the end of next week. ISP Finance moved to a new high of $10.10 on the bid, having traded during the week at record high of $10 and no longer sits on the number 1 spot. Key Insurance suffered a setback with a big 2016 fourth quarter loss of $136 million, coming from increased insurance claim provisioning of $433 million for the quarter and $1 billion for the full year. Hopefully, that is now behind them, clearing the way for 2017 to deliver what the company seems capable of doing. tTech pulled back in price, to sit at a more comfortable $7, after some selling came in for the stock. Access Financial climbed to a new all-time high of $35, helped by strong nine months results and lack of supply of stocks for sale.
Scotia Investments climbed to $41.19 during the week, from $38 the previous week and exited the TOP 10 main market stocks. The move made space for Jamaica Broilers that lost value during the past week, falling from $16.25 at the start of the week, down to a more attractive $14.50, with an increased forecast of $2 earnings per share for the 2018 fiscal year starting May, this year. The week saw more interest in Radio Jamaica and JMMB Group, the latter trading at $23 on Friday, but closed lower by the end of trading, helped by net profit rising 55 percent to $2.68 billion, for the nine months to December last year. Earnings per share for the nine months came out at $1.63 and 39 cents for the December quarter.

Filed Under: Buy Rated, Feature Stories Tagged With: Caribbean Flavours, ISP Finance Services, Jamaica Broilers, Jamaican Stock, Jamaican stocks, JMMB Group, junior market, Key Insurance, Kremi, Radio Jamaica, Scotia, Scotia Investments, tTech

Juniors break 3,000 points barrier – Tuesday

February 7, 2017 by IC Insider.com

Knutsford Express traded $26 after rising $1.49.

The junior market shoot over the 3,000 mark in the index by gain nearly 50 points to close at yet another record high, in trading on Tuesday, to close at 3,029.93 points after gaining 48.91 as 22 securities changed hands, compared to 15 on Monday. Prices of 11 stocks rose and 7 declined.
The market closed ending with 3,635,936 units, valued at $9,626,139 passing through the market, compared to 871,696 units, valued at $5,334,946, on Monday. At the close, 7 stocks had bids higher than their last sale prices and 3 with a lower offer, than the last sale while 7 stocks closed at new 52 weeks’ high.
An average of 165,270 units with an average value of $437,552 traded, compared to of 58,113 units with an average value of $355,663 on the previous trading day. The average volume and value for the month to date ended at 100,163 units and $477,950 compared to 83,886 units and $488,049 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.

At the close of trading, AMG Packaging rose $1 to close at $25 with 8,774 units changing hands after trading at a high for the day of $27.60, Blue Power closed with 894,181 shares changing hands at $50, CAC 2000 traded 869,262 shares and fell 10 cents to $6. Cargo Handlers climbed by $1 while trading 11,577 units, to close at 52 weeks’ high of $24, Caribbean Cream rose 35 cents in trading 3,150 units to end at $7.60, Caribbean Producers fell 10 cents in trading 18,050 units at $4.35, Consolidated Bakeries traded 65,346 shares with a rise of 20 cents, for a 52 weeks’ closing high $3.80. General Accident closed trading with 16,050 shares at while gaining 36 cents to end at a new high of $3.80 Honey Bun closed with 13,480 shares changing hands to end at $7.66, Jamaican Teas traded 13,751 shares to close at $9.50 after rising by 85 cents. Jetcon Corporation closed trading with 212,260 shares, to end at $10.50. Key Insurance traded 3,872 units to close at 52 weeks’ closing high of $3.70, after rising by 20 cents, KLE Group ended with 10,000 units changing hands at $3,

The ttech team, from Left: Mr. Hugh Allen, Resolution Manager and Executive Director; Mrs. Natalya Petrekin, Service Desk

Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26, Lasco Distributors ended trading with 97,322 units changing hands but fell 56 cents to close at $7.40. Lasco Financial rose 46 cents with 430,196 shares changing hands to end at $3.96, Lasco Manufacturing with 29,740 units changing hands, closed with a loss of 3 cents at $5.21, Medical Disposables added 27 cents and closed at 52 weeks’ high of $6.37 with 14,875 shares changing hands. Paramount Trading rose 5 cents and closed at $3.10 with 90,000 shares changing hands, tTech closed trading with 6,850 units changing hands to end at 52 weeks’ high of $8.05 after rising 60 cents and Derrimon Trading preference share lost 5 cents ending with 815,000 units changing hands to close at $2.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, General Accident, Honey Bun, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity, tTech

10 TOP Junior market stocks for 2017

February 5, 2017 by IC Insider.com

tTech, one of ICI Insider.com top selections for 2017.

With just over one month of 2017 slipping by, the junior market is up more than 14 percent in a relative short time. Market movement delivered some stunning gains with five stocks rising between 54 percent and 77 percent up to Friday.
The PE ratio, the best measure of valuing stocks, for this market is at 10.5 times 2017 estimated earnings and 16 times 2016, with 9 stocks selling above this level, including Cargo Handlers selling at a rich 51 times 2016 and 40 times 2017 earnings. The top 10 stocks have PE ratios for 2017 between 4.3 and 7.4 times estimated earnings compared to the average of 10.5. Nine socks are priced higher than the average.
Technical indicators show the junior markets braking through major resistance levels at 2,600 points and seem poised to reach new highs around 3,400 points before the next level of resistance is met, that is 15 percent away from the close on Friday.
What makes junior market stocks attractive, is their size, relative to the majority of main market stocks and their ability to grow at a much faster pace, from existing business or expansion into new ventures, delivering superior profits and greater growth in the stock prices.
ISP Finance has very limited supply of stocks available for sale, this should ensure that the price should surge to match seller and buyers. The company could see a sharp rise in profits if the $145 million raised in a bond issue last year is invested in new loans. Based on its interim results to September last year, interest income works out at 100 percent per annum. At these levels and with the infusion of cash from the bond and the cash to flow from profits, the stock could enjoy and explosive blast, if they are able to put the funds into profitable loans.
tTech revenues for this technology company grew strongly by 34.3 percent for the nine months to September and stronger 43 percent for the September quarter, with very good demand for its services. A negative is that cost has been growing just as fast, as they add personnel to service customers need. At September 2016, the company had 33 full-time employees compared to 24 at the same period in 2015. While staffing grew 57 percent between September 2015 and September 2016, the growth in the September quarter was only 7 percent over the June quarter. The sharp growth in cost slowed growth in profits, from a relatively small base. The slowdown in staffing in the September quarter, should allow more revenues to flow into profits in 2017 onwards.

Lasco Manufacturing

Lasco Manufacturing has enjoyed very strong demand for its new drinks, resulting in major expansion of the factory. Total revenue to September 2016 was $4 billion, an increase of 28 percent over the same period last year, resulting from increased production volumes brought to market, as part of the expansion of the manufacturing plant.
The company indicated that production at the liquid plant continues to grow steadily. The plan is for increase capacity to meet strong market demand for the iCool line of beverages, by ramping up production with the installation of additional equipment by the end of the financial year. The new Dry Plant at White Marl is fully operational together with the existing Red Hills Road Dry Plant. New products will be introduced by the end of 2016 to enhance the product line which is projected to continue to realize significant sales and profits, the company stated.
Main Event is the latest public issue to hit the market. The issue was heavily oversubscribed. The price is set to enjoy a big bounce when it list this week Wednesday with the PE ratio of just 7, based on 2016 earnings and less based on estimated 2017 profit. The funds raised will be used to expand its operation, including setting up a branch in Montego Bay.
Medical Disposables focussed on increasing the product line it represents in 2016, reflecting in a strong 38 percent sales growth for the first six months of the financial year, but at lower margins. Increased cost associated with the expanded sales has so far kept profit from growing a great deal in 2016. That should change in 2017, as sales growth, out pace cost increases. With the focus on rapidly expanding products and sales, this is clearly a stock for investors to keep a keen eye on.

Caribbean Flavours traded at $9.50 on the junior market last week

Caribbean Flavours is a company with much promise for growth, with potential for increased exports and new product lines for sale, locally and with the Caribbean region. The stock is selling below many other in the junior market currently, and the price has room to run, having fallen to $9.50 with the confusion investors faced, with the acquisition majority shares by Derrimon Trading.
Access Financial is undervalued based on a number of factors but the stock is extremely scarce. Earnings for the fiscal year ending March, should be in the order of $2.80 and based on this and with 10 junior market companies selling at more than 17 times 2016 earnings, the stock should be trading over $45. As the company makes profit, most of the funds are reinvested in its operation to expand loans, this in turn fuels strong increased profit. Access seems set to generate earnings of $4.35 per share for the 2018 fiscal year, which will push the price much higher than its current level.
Key Insurance nine months profit ended at $66 million compared to $68 million for the 2015 period and seems set to reach $120 million for the full year, for earnings per share of 35 cents. The company should benefit from the lowering of restriction on investments that insurance companies could undertake which should free up funds for more profitable investments as the companies see fit. Investing in general insurance companies can be riskier than for many other companies, in the short term.

Jetcon Corporation revenues enjoyed strong growth for 1st nine months of 2016

Jetcon Corporationlisted at $2.25 in 2016, is shot to $10.50 for a rise of 366 percent. An announcement of a stock split and dividend gave the stock added push as investors bought more shares at higher prices. The company more than doubled profits to September last year over results for 2015 for the same period. Jetcon benefitted from the capital injection of the public share issue. It helped boosts inventory, and in turn grew sales by 61 percent to $610 million for the nine months to September and 86 percent for the September quarter. The publicity from the listing seems to have enhance the company’s image in the minds of potential customers which has also helped sales. The trend of increased sales for the past two years suggest that sales growth may continue to be strong in 2017 and should be helped by the continued attractive financing terms available in the market, strengthening of the economy and reduction in PAYE that some workers will enjoy, when the tax threshold increases in April thus increasing take home pay.
Dolphin Cove was the darling of the investing public when the company was listed but seems to have lost its lustre as profit growth slowed sharply. With continued growth in the tourism industry and more cruise ships coming to the country, the company should get a boost in revenues and earnings for this undervalued stock.

Persons associated with this article may have an interest in the companies commented on.

Filed Under: Buy Rated, Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Finance, Cargo Handlers, Caribbean Flavours, Derrimon Trading, Dolphin Cove, I$P Finance, iCool, ISP Finance, Jamaican Stock, Jetcon Corporation, junior market, Key Insurance, Lasco, Lasco Manufacturing, Main Event, Medical Dispoables, tTech

6 new highs for junior stocks

February 2, 2017 by IC Insider.com

Blue Power jumped $6.07 to a 52 weeks’ high of $46.47

The junior market was very active in trading on Thursday, with 74 percent of the listings being active and 5 ending at new highs and 1 traded at an intraday high. At the close, the junior index climbed 24.93 points to end at a new closing high of 2,889.86.
The market closed after 23 securities traded, 2 more than on Wednesday, with the prices of 12 rising, 10 declining, ending with 1,812,887 units, valued at $10,370,371 passing through the market, compared to 2,831,925 units, valued at $14,341,956, on Wednesday. At the close, 9 stocks had bids higher than their last sale prices and 1 with a lower offer than the last sale.
An average of 78,821 units with an average value of $450,886 traded, compared to 134,854 units with an average value of $682,950 on the previous trading day. The average volume and value for the month to date ended at 106,837 units and $566,918. The average volume and value for January, ended at 165,547 units and $884,749.

At the close of trading, Blue Power jumped $6.07 to close with 9,500 units changing hands at a 52 weeks’ high of $46.47, CAC 2000 traded 1,000 units at $6.10, Cargo Handlers traded 9,884 units and gained $1.50 to close at a 52 weeks’ high of $22, Caribbean Cream exchanged 150,000 shares and fell 2 cents, to close at $7.25. Caribbean Flavours lost 1 cent in putting through 15,948 units to end at $9.49. Caribbean Producers rose 20 cents in trading 22,245 units at $4.45. Consolidated Bakeries shed 20 cents in trading 247,225 shares to close at $3.30, after trading at an intraday 52 weeks’ high of $3.70, C2W Music rose 5 cents and ended at a 52 weeks’ high of 40 cents with 30,696 shares changing hands, Dolphin Cove ended with a gain of 10 cents at $14.50 with 400 shares changing hands. General Accident gained 35 cents and closed trading with 24,375 shares at a 52 weeks’ high of $3.40. Honey Bun climbed 49 cents and closed with 26,400 shares changing hands at $7.49, Jamaican Teas traded 17,440 shares to close at $8.50 after declining by 65 cents, Jetcon Corporation closed trading with 58,879 shares, to end with a gain of 62 cents at $10.42. Key Insurance traded 151,628 units to close at a 52 weeks’ high of $3.50, after rising by 15 cents, KLE Group gained 15 cents and ended with 3,000 units changing hands at a 52 weeks’ high of $2.95,

Lasco Distributors ended trading with 2,720 units changing hands and lost 10 cents to close at $7.20. Lasco Financial had 18,071 shares changing hands and shed 25 cents to end at $3.75, Lasco Manufacturing with 49,999 units changing hands, closed with a loss of 8 cents at $5.12, Medical Disposables shed 10 cents and closed at $6 with 33,545 shares changing hands. Paramount Trading closed at $3.10 after rising 10 cents, with 22,382 shares changing hands, tTech closed trading with 27,800 units changing hands to end at $6.85 after easing 5 cents, Derrimon preference share, traded 49,750 units and fell 7 cents to end at $2.05 and Eppley 9.5% preference share, traded 840,000 units to close at $6.04 after rising 1 cent.