Caribbean Producers (CPJ)

Juniors make big gain on Thursday

February 4, 2016 by IC Insider.com

AMG Packaging gained $2.30 to a 52 weeks’ high of $18.80 on Thursday.

The junior market made enjoyed a nice recovery at the closed on Thursday with 15 securities trading, 7 of which advanced, 2 declined. The market ended with index jumping over 2 percent by adding 47.57 points to end at 2,274.71 as 3 stocks closed at a new 52 weeks’ highs and with a few interesting bids, included are Access at $17.50 to buy 33,700 and Cargo Handlers at $40.05 to buy 3,700 units.
The volume of 1,700,082 units changed hands, valued at $8,831,236. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 6 stocks closed with bids that were higher than their last selling prices and one ended with a lower offer.
In trading, AMG Packaging gained $2.30 with a mere 100 units changing hands to end at a new 52 weeks high of $18.80, C2W traded 3,370 shares at 49 cents, Caribbean Cream ended with a gain of 45 cents to close at $4.75, Caribbean Producers traded 59,990 units but fell 40 cents to close at $5.10. Consolidated Bakeries traded 3,000 units and gained 15 cents to close at $1.55, Derrimon Trading closed at $4.50 with 22,390 units changing hands, General Accident traded 521,900 shares to close at $2.18, Honey Bun ended at a 52 weeks’ high of $9.31 with 50,000 units trading with a gain of 1 cent. The company reported first quarter earnings to December with sales increasing by 42 percent $293 million and profit after taxes rising 175 percent, to $47 million for 48 cents per share. Jamaican Teas gained 10 cents with 25,704 shares trading, to close at a $5.60, but traded earlier in the day at an intraday high of $5.61.

Knutsford Express traded 1,550 shares at a 52 weeks’ high of $17.25, the stock closed with a gain of 75 cents, Lasco Distributors closed with 277,371 units trading and ended with a gain of 30 cents at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million, for the nine months to December last year, up from $197 million. Profit after tax for the quarter was $212.5 million over prior year. Revenues for the nine months amounted to $10.9 billion 36 percent higher than in 2014. Revenues for the quarter were S4.0 billion, with the increase being in line with the nine months growth and profit after taxation came in at $213 million from 193 million in 2014. Lasco Financial closed at $4.16 with 49,260 shares changing hands. Lasco Manufacturing ended trading with 250,166 shares to close at $5, the company reported profit generated before tax for the nine months ended December 2015 at $763.5 million compared to $426.3 million for the same period last year, an increase of $337 million or 79%. Lasco’s profit for the quarter came in at $267 million, 69 percent higher than the $158 million for the same period in 2014. Medical Disposables closed at $3.55 with 34,200 shares trading and tTech closed with a 5 cents loss at $4.65 with 12,000 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Caribbean Flavours, Caribbean Producers, Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, Dolphin Cove, Honey Bun, Jamaican Stock, Jamaican Teas, Knutsford Express, Lasco Financial, Medical Disposables, Trading Activity, tTech

JSE post gains in morning session

February 3, 2016 by IC Insider.com

Trading on the Jamaica Stock Exchange in the morning session on Wednesday is off to a bright start with new 52 weeks’ highs being reached in Berger Paints and Pulse Investments. Trading volumes are up across the board after 75 minutes of trading, with 34 securities traded amounting to 2,039,201 units. 11 stocks recorded gains and 10 declined.
Scotia Bank traded 186,800 units at $34.99 but has an offer to sell at $32 as this stock seems set to continue its sharp up and down movements that it has been doing from 2015. Caribbean Producers had a good volume of 663,072 units but slipped back to $5.10 from the closing price of $5.50 on Tuesday.
The all Jamaica Composite Index climbed 561.17 points to 181,930.63, the JSE Market Index rose 502.14 points to 163,727.15, the JSE combined index gained 532.63 points to 174,471.12 and the junior market index gained 6.55 points to 2,224.19 as this market continues to make recovery from recent declines.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Caribbean Producers (CPJ), Pulse Investments, Scotia, Trading Activity

Proven sells Knutsford shares

December 22, 2015 by IC Insider.com

Knutsford Express traded a big block of 20,000,002 shares at $10.65 with the price falling 65 cents, helping the junior market to lose ground on Tuesday. The record of the company showed Proven Investments as the holders of the exact amount traded, representing 20 percent of the shareholdings with their brokerage house being the seller with NCB Capital Markets being the brokers buying.
The junior market index falling by 24.27 points to 1,666.91 points as the market retreated from the all-time high reached on Monday. Trading ended with 14 securities trading of with 7 advanced and 2 declined with 20,742,505 units, valued at $215,634,789 changing hands as 2 stocks closed at 52 weeks’ highs.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands at $7, Blue Power had 581 units changing hands to close at $13.10, Caribbean Cream gained 43 cents with 13,000 shares changing hands at $3.70. Caribbean Flavours traded 450 units to close at a 52 weeks’ high of $10, by adding 97 cents, Caribbean Producers closed at $4.62 to gain 17 cents with 290,856 units changing hands, Consolidated Bakeries rose 10 cents while trading 35,000 shares at $1.20, Derrimon Trading ended with 27,247 shares changing hands at $3.80. General Accident closed at $1.95 with 4,500 shares trading, Honey Bun finished with 2,000 shares changing hands, to close at $6, Lasco Distributors closed with 80,000 shares changing hands at 25 cents higher at $4.60. Lasco Financial rose 43 cents to close at a 52 weeks’ high of $3.55, with 241,631 shares changing hands and Lasco Manufacturing lost 55 cents to close at $3 with 298,484 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Caribbean Flavours, Caribbean Producers, Caribbean Producers (CPJ), Consolidated Bakeries, Daily Trading, Derrimon Trading, General Accident, Honey Bun, Jamaican Stock, Knutsford Express, Kremi, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, NCB Capital Markets, Proven Investments, Trading Activity

Another new record for juniors

December 21, 2015 by IC Insider.com

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The junior market closed at a record high on Monday

The junior market ended at a new record close on Monday, with the index rising 21.62 points to 1,691.18 points, surpassing the 1,676.68 points reached on November 18 this year. Monday’s gains pushed the junior market to a gain of 146 percent for the year to date.
Trading ended with 11 securities trading of with 3 advanced and 3 declined with 1,290,587 units, valued at $4,845,099 changing hands as 2 stocks closed at 52 weeks’ highs. At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging closed with 26,378 units changing hands at $7, Blue Power had 646 units changing hands to close at $13.10, Caribbean Producers closed at $4.45 to gain 5 cents with 290,856 units changing hands, Derrimon Trading ended with 10,000 shares changing hands at $3.80. Dolphin Cove closed at $17 with only 100 shares trading,

Honey Bun finished with 1,000 shares changing hands to close at a 52 weeks’ high of $6 after rising by 50 cents, KLE Group gained 15 cents to close at a 52 weeks’ high of $1.15, as 37,000 units changed hands. Lasco Distributors closed with 17,855 shares changing hands at $4.35 after declining by 15 cents, but it traded at an intraday 52 weeks’ high of $4.70. Lasco Financial fell 21 cents to closed at $3.12 with 461,995 shares changing hands as high as $3.50, Lasco Manufacturing rose 25 cents and closed at $3.55, with 443,813 shares trading and Sweet River ended with 944 units changing hands at $3.95.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Sweet River

Honey Bun trades 55m shares

December 18, 2015 by IC Insider.com

The junior market missed out on a new record close on Friday with the index ending just 7.12 points shy of the record 1,676.68 points reached on November 18 this year. The market saw another big trade as Honey Bun traded more than 55 million shares, representing more than 58.5 percent of the of 94 million issued shares.
Mayberry Investments as brokers, executed the transactions with two blocks of 25,681,800 units and 1,894,000 each for a total value of $295 million. Michelle Chong and Herbert Chong the two largest shareholders controlled 37.5 million shares each in the company. The trades represent about 73.5 percent of their holdings. It is unclear at this time if the principals have sold out the majority to a new owner. On Thursday Derrimon Trading Company traded 40,051,505 shares valued at $155 million.
The junior market closed on Friday with only 7 securities trading of with 3 advanced and 2 declined. The junior market index gained 32.61 points to 1,669.56 with 55,544,624 units, valued at $296,776,261 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of $1.88 at $16 with 2,000 units changing hands, Caribbean Producers closed at $4.50 to gain 25 cents with only 121,600 units changing hands. Derrimon Trading ended with 16,354 shares changing hands at $3.80, Honey Bun traded finished with 55,216,600 shares changing hands at $5.50, for a loss of 25 cents, Lasco Distributors closed with 54,013 shares changing hands at $4.50 after rising by 15 cents, Lasco Financial gained 33 cents to closed at $3,33, with 5,223 shares changing hands, Lasco Manufacturing lost 1 cent and closed at $3.30, with 128,834 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

Junior market rises on Wednesday

December 16, 2015 by IC Insider.com

Caribbean Flavours hit a new high of $9 on Wednesday

Activity in the junior market ended on Wednesday with 10 securities trading of with 6 advanced and 3 declined. The junior market index gained 26.54 points to 1,627.87 with 2,721,358 units, valued at $9,118,051 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands.

Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Flavours, Caribbean Producers (CPJ), Daily Trading, Eppley, General Accident, Jamaican Stock, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity

Junior market falls on Tuesday

December 15, 2015 by IC Insider.com

Derrimon traded at a new high on Tuesday.

Activity in the junior market ended on Tuesday with active 11 securities trading of with 2 stocks advanced and 6 declined. The junior market index dropped 27.31 points to 1,601.33 with 2,228,207 units, valued at $ 10,171,098 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, C2W Music traded 77,500 units at 38 cents, to record a loss of 1 cent, Caribbean Cream dropped by $1 end with 20,000 shares changing hands at $2.80, Caribbean Producers lost 40 cents in trading 417,144 units, to close at $4.60. Derrimon Trading ended with 103,946 shares changing hands at a new 52 weeks’ high of $3.79, for a gain of 1 cent, Dolphin Cove jumped to $17 with a rise of $1 to close at a new high with only 300 shares changing hands. Jamaican Teas traded just 301 units but lost 3 cents to end at $4.47.

Lasco Distributors closed with 105,588 shares changing hands at $4.50, Lasco Financial fell 2 cents ended at $3.10, with 67,081 shares changing hands. Lasco Manufacturing (LASM) lost 5 cents and closed at $3.05, with 1,079,240 shares trading. At the close there were 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client. Derrimon Trading preference share lost 5 cents and ended with 350,000 shares changing hands at $2.15, Eppley cumulative preference share 2019, ended with 7,407 units changing hands at $6.08 after falling 1 cent and Jamaican Teas debenture traded 30,000 units at $100 each.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, Caribbean Cement, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Eppley, Jamaican Stock, Jamaican Teas, Kingston Wharves, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

Trading picks up for juniors – Thursday

December 10, 2015 by IC Insider.com

Caribbean Flavours hit a high of $8.10 on Thursday

Activity in the junior market rose on Thursday from the Wednesday’s low level and ended with active 13 securities of with 5 stocks advanced and 6 declined. The junior market index ended with an increase of 2.25 points to 1,643.83 with 3,281,706 units, valued at $10,311,911 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Caribbean Cream gained 2 cents while trading 192,500 units to end at $3.40, Caribbean Flavours traded 1,550 units at a new 52 weeks’ high of $8.10 by adding 90 cents, Caribbean Producers traded 42,978 units as the price fell 5 cents to end at $5.25, Consolidated Bakeries fell 24 cents trading 695,535 shares at $1.06. General Accident Insurance fell 8 cents, in trading 11,802 units, at $1.92, Honey Bun gained 10 cents with 1,000 shares changing hands and closed at a 52 weeks’ high of $5.95.

Jamaican Teas had 76,295 shares trading to close with a loss of 40 cents at $4.50, Lasco Distributors closed with 765,536 shares changing hands at $4.30, Lasco Financial ended at $3, with 741,400 shares changing hands. Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading, Medical Disposables closed at $3.40 with 250,000 shares trading as the price declined by 13 cents, Paramount Trading ended with 6,000 shares changing hands at $8.96 and Derrimon Trading preference share ended with 64,000 shares changing hands to end at $2.10.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), Consolidated Bakeries, Daily Trading, General Accident, Jamaican Stock, Kremi, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

Juniors up on low volume – Wednesday

December 9, 2015 by IC Insider.com

Activity in the junior market declined on Wednesday from the higher levels seen over the last few trading session as 8 securities were active, ending with 1 stock advancing and 2 declining. Junior market index ended with an increase of 18.43 points to 1,641.58 with 1,378,773 units, valued at $4,830,892 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Access Financial ended with a gain of 39 cents at $14 with 1,500 shares trading, C2W Music had 2,200 shares trading at 39 cents, Caribbean Cream dropped 4 cents while trading 80,000 units to end at $3.38, Caribbean Producers traded 45,182 units as the price fell 30 cents to end at $5.30. KLE Group ended with 25,975 units trading at 75 cents, Lasco Distributors closed with 185,802 shares changing hands, at $4.30, Lasco Financial ended at $3, with 357,318 shares changing hands and Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, Caribbean Producers (CPJ), Daily Trading, Jamaican Stock, Kremi, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

4 new highs for Junior market – Tuesday

December 8, 2015 by IC Insider.com

Derrimon hits a new high in fairly heavy trading in the stock on Tuesday.

Activity in the junior market saw the ordinary shares of Derrimon Trading enjoying another day of high volume on Tuesday, with the largest block of shares, accounting for 3,331,784 units valued at $11,661,789. The price gained 2 cents to end at a 52 weeks’ high $3.52.
The traded volume in the stock is down compared to 5,881,908 units, valued at $20,586,056 that changed hands on Monday.
Overall, trading ended with a meagre increase of 0.36 points in the junior market index to 1,623.15 as 15 active securities ended with 9 stocks advancing and 2 declining with 5,858,828 units, valued at $21,128,004 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and 2 closed with lower offers. Four stocks closed at 52 weeks’ high in the junior market.
In trading, AMG Packaging ended 5 cents lower at $6 with 31,600 shares trading, Caribbean Cream dropped 59 cents while trading 1,024,584 units to end at $3.42, Caribbean Flavours traded 5,599 units at a new 52 weeks’ high of $7.20 by adding 10 cents, Caribbean Producers traded 719,587 units to end at $5.60. Consolidated Bakeries ended with 127,708 shares changing hands to settle at $1.30 for a 7 cents rise, General Accident had 84,168 units trading and closed with a rise of 4 cents at $2, Honey Bun traded at a 52 weeks’ high of $5.85 with 5,348 shares to close with a gain of 4 cents.

Knutsford Express ended 60 cents higher, at a 52 weeks’ high of $10.50 with 400 shares changing hands, KLE Group ended with 25,000 units trading with a rise of 2 cents at 75 cents, Lasco Distributors gained 18 cents and closed with 78,051 shares changing hands, at $4.30, Lasco Financial ended at $3, with 345,682 shares changing hands. Lasco Manufacturing added 22 cents and closed at $3.62, with 70,117 shares trading, Medical Disposables price rose 1 cent to close at $3.53 with 8,500 shares trading and Paramount Trading ended with 700 shares changing hands at $8.96.