Caribbean Producers

Trading expands to 14 junior stocks

August 18, 2015 by IC Insider.com

Derrimon traded at a new 52 weeks’ high of $2.50 on Tuesday.

The JSE junior market fell on Tuesday with 7 stocks declining and 5 advancing as 14 securities traded resulting in 1,275,027 units, valued at $4,068,197 changing hands. The market lost 13.02 points to close at 1,017.75.
The market ended with 4 securities closing with no bids to buy, while 6 had no stocks being offered for sale and 2 stocks closed with bids higher than the last traded prices and only 2 with the offers being lower.
Stocks trading are, Access Financial Services traded 100 shares to close with a loss of 50 cents at $18.50, Blue Power closed with 978 units changing hands at $12.28, Caribbean Cream traded 246,315 units to close 2 cents lower at $1.80, Caribbean Flavours traded 67,516 units at $3, while gaining 18 cents. Caribbean Producers traded 40,012 units for 10 cents gain at $2.80, Derrimon Trading ended with 5,113 shares changing hands to end 10 cents higher at $2.50, for a new 52 weeks’ high. Dolphin Cove traded 3,433 shares and closed at $13 after trading earlier as low as $12.15. General Accident Insurance traded 80,419 units with the price falling 15 cents, to $1.45 as investors continue to react negatively to the company reported profits for the June of just $457,000, and $26.6 million for the first

half of 2015, compared with $88 million and $187 million respectively. Honey Bun with 103,320 shares changing hands, closed at a new 52 weeks’ high of $4 after gaining 60 cents. Jamaican Teas had 1,070 shares trading to close with a loss of 43 cents, at $3.10, Lasco Distributors closed with 48,964 units trading, 14 cents lower at $1.81, Lasco Financial Services traded 45,689 units to close at $1.80, after slipping 3 cents. Lasco Manufacturing with 287,629 units changing hands, closed 5 cents higher at $1.85 and Eppley cumulative redeemable preference shares 2019 ended with 326,469 units changing hands at $6.05.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Flavours, Caribbean Producers, Derrimon Trading, Dolphin Cove, Eppley, General Accident, Honey Bun, Lasco Distributors, Lasco Manufacturing

Mayberry takes 20% of Lasco Financial

May 26, 2015 by IC Insider.com

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending

with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Producers, General Accident Insurance, Honey Bun, Knutsford Express, Lascelles Chin, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

Junior market set to slip more

May 21, 2015 by IC Insider.com

Caribbean Cream was the only stock to rise on Thursday

Trading on the Junior Market closed with only 7 securities trading, and ended with a mere 565,971 units changing hands valued at $949,659. The JSE Junior Market Index declined 12.70 points to close at 863.14, with the price of only 1 stock advancing and 3 declining with no stock closing at 52 weeks’ high.
The market seems set to fall on Friday with several stocks closing with lower asking prices than the last selling prices. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 7 with lower offers. The junior market ended with 3 securities closing with no bids to buy 6 securities that had no stocks being offered for sale.

Stocks trading in the junior market are, Caribbean Cream finishing with 8,500 units to close with a gain of 1 cent at $1.20 but ended with the offer at $1.15, to sell 130,000 units. Caribbean Producers with 93891 shares trading, closed lower by 15 cents at $3, Consolidated Bakeries finished trading with 3,334 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 2,000 shares changing hands to close 7 cents lower at $2. Lasco Distributors traded 219,108 shares at $1.65, Lasco Financial Services finished trading with 181,412 units at $1.31. There was dealing in 57,726 Lasco Manufacturing’s shares as the stock traded lower by 7 cent to $1.30.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers, Consolidated Bakeries, General Accident Insurance, junior market, Kremi, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Purity

Junior market inches away from high

May 8, 2015 by IC Insider.com

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Trading picked up on the Junior Market with 10 securities trading, the most for some time, and ended with 1,459,016 units changing hands valued at $$1,840,696. The JSE Junior Market Index rose 12.24 points to close at 836.83, juts 4 points from the all-time high. The price of 5 stocks advanced, none declined with 1 closing at a 52 weeks’ high.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 3 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with 15,100 shares changing hands at $3.30, Caribbean Cream trading 1,020,000 shares at 96 cents for a new 52 days closing high but traded as high as $1.05. Caribbean Producers with 11,000 shares trading, closed higher by 12 cents at $2.90. Consolidated Bakeries traded only 100 units at $1, Derrimon Trading finished with 2,335 shares to close unchanged at $2.04, Jamaican Teas ending trading 12,700 shares to gain 6 cents to $2.61, Lasco Distributors ended with 133,688 shares trading, 3 cents higher at $1.50, Lasco Financial Services finished trading with 19,575 units, the price was unchanged at $1.30. There was dealing in 216,282 Lasco Manufacturing’s shares as the stock traded higher by 1 cent to $1.35 and Eppley 2019 preference share exchanged 28,236 units at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers, Consolidated Bakeries, Derrimon Trading, Eppley, Jamaican Teas, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

7 stocks rose on junior martket

May 6, 2015 by IC Insider.com

Caribbean Producers enjoyed another day trading high volume

Trading picked up on the Junior Market with 13 securities trading, the most for some time, and ended with 1,615,246 units changing hands valued at $5,248,573. The JSE Junior Market Index declined 10.85 points to close at 824.53, with the price of 7 stocks advancing and 3 declining and two closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with 137,533 shares changing hands to close higher by 25 cents at $3.25, Blue Power closed with 230 shares trading at $8.81, Cargo Handlers finished with 20,000 units to close with a gain of 25 cents to a new all-time high of $21.75, Caribbean Producers with 717,178 shares trading lower by 12 cents to $2.88, Derrimon Trading finished trading with 47,549 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 55,800 shares changing hands to close 2 cents higher at a 52 weeks’ high of $1.82. Lasco Distributors

traded 5,000 shares trading, 1 cent higher, at $1.46, Lasco Financial Services finished trading with 322,888 units, the price slipped 7 cents to $1.23. There was dealing in 6,918 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Medical Disposables contributed 30,000 shares with the price rising 20 cents, to $1.90, Paramount Trading ended trading with 10,000 shares to end with an increase of 39 cents at $3.99. Eppley 9.5% preference share closed trading with 17,150 units and put on just 1 cent to $6.01 and the company’s 2019 preference share exchanged 245,000 units at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Producers, Derrimon Trading, Eppley, General Accident Insurance, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables, Paramount Trading

Juniors near all-time high

May 1, 2015 by IC Insider.com

Activity on the Junior Market closed with 6 securities trading and ending with 680,118 units changing hands valued at $867,840. The JSE Junior Market Index declined 25.07 points to close at 811.00, with the price of 3 stocks advancing and 4 declining, two stocks reached new 52 weeks high, with one hitting an all-time high.
The index is just 29 points from the all-time high of 840.18 reached in July 2013, this level is likely to be history once the Lasco companies report earnings, which should be the end of May, based on past reporting time frame. With nearly a third of the market closing with bids ahead of the last traded price, the all-time high should be easily taken out in a matter of days. The junior market is lagging the gains of the main market Jamaican stocks with gains of just 14 percent in 2015 and 33 percent from the low of July 2014, compared to 26 percent for the Main market and 39 percent respectively.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.Stocks trading in the junior market are, AMG Packaging with 37,855 shares at $3, Cargo Handlers with 3,700 units at a new all time high of $20.11, after putting on 1 cent, Caribbean Producers had 501,000 shares trading at $3.10 with a gain of 10 cents, with the offer at the close, was $2.99 to buy 100,000 units. Lasco Distributors with only 1,285 shares trading, closed at $1.43, Lasco Financial Services had 134,913 units trading and ended at $1.30 with a gain of 10 cents and Lasco Manufacturing traded just 1,355 shares with a gain of 14 cents to $1.35, for a new 52 weeks’ high.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Cargo Handlers, Caribbean Producers, Jamaica Stock Exchange, junior market, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Juniors not partying yet

April 24, 2015 by IC Insider.com

Activity on the junior market was moderate, on a day when the main market recorded another session of strong gains, as investors’ focus seems to be more on the stocks of bigger companies. Based on the strong profit performance of many of the junior market companies, it’s only a matter of time that more interest will be paid to junior market companies as investors seek out profitable trades.
At the close of trading only 6 securities traded and ending with 476,829 units changing hands valued at $1,177,602. The JSE Junior Market Index declined 1.78 points to close at 743.67, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power traded 295 units to end at $7.51, Caribbean Producers had 356,822 shares trading at $2.70, Knutsford Express traded 600 shares at $6, Lasco Distributors traded 6,973 shares to close with a gain of 2 cents at $1.40. Lasco Financial Services 3,454 units traded at the close at $1.15 and Medical Disposables traded 108,685 and closed unchanged at $1.80.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Producers, Knutsford Express, Lasco Distributors, Lasco Financial Services, Medical Disposables

Junior standoff holds back trading

April 23, 2015 by IC Insider.com

Knutsford Express closed at a new all time high of $6 on Thursday.

Activity on the Junior Market closed with only 5 securities trading as buyers and sellers are not seeing eye to eye on the values of stocks. Trading ended with 142,563 units changing hands valued at $360,028. The JSE Junior Market Index rose 9.37 points to close at 741.89, with the price of 3 stocks advancing and 4 declining.
At the close, there were 4 stocks with bids higher than their last selling prices and 1 with offer that was lower. The junior market ended with 4 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, are Caribbean Producers with 117,000 units, JM trades 23-4-15

at $2.70 for a 38 cents gain Honey Bun ending with just 1,937 shares trading unchanged at $1.82. Knutsford Express traded at a new high of $6 by adding 20 cents with only 2,580 shares changing hands, Lasco Distributors traded 4,000 shares between $1.38 down 5 cents but closed with a bid at $1.40, to buy 50,000 shares, with offers at $1.43 for 110,736 unitsand Lasco Financial gained 7 cents to $1.15 while trading 17,046 shares.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers, Honey Bun, Knutsford Express, Lasco Distributors, Lasco Financial

CPJ trades 1.74m shares

April 16, 2015 by IC Insider.com

Activity on the Junior Market ended with 9 securities traded, comprising 2,201,563 units changing hands, valued at $4,588,656, Caribbean Producers dominated trading with more than 1.74 million units to close at $2.31 in only two trades as the stock gained 1 cent. The JSE Junior Market Index declined 7.17 points to close at 740.74, with the price of 6 stocks advancing and 2 declining and 1 remained unchanged.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream trading 25,055 shares at 65 cents as the price rose by 5 cents. Caribbean Flavours had 10,968 units changing hands, 5 cents higher at $1.85, Derrimon Trading put through 15,000 shares at $2.04, Honey Bun traded 10,000 shares but lost 11 cents in closing at $1.80. Lasco Financial Services had 15,000 units trading 5 cents higher, at $1.15, Lasco Manufacturing traded 352,851 units for 7 cents more at $1.13, Medical Disposables put through 27,000 shares in trading and ended up 4 cents better off at $1.80 and Paramount Trading had 4,905 units changing hands at $3.55 for a 55 cents fall.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Flavours, Caribbean Producers, Derrimon Trading, Honey Bun, Lasco Financial Services, Lasco Manufacturing, Medical Disposables, Paramount Trading

Volume up for juniors Wednesday

April 15, 2015 by IC Insider.com

Knutsford Express stock price, gained in trading as investors responded positively to 9 months’ results.

Activity on the Junior Market closed with 5 securities traded ending with 1,331,821 units changing hands valued at $ 3,202,068. Even as just 5 securities traded in the junior market, the volume trading was one of the highest for some time. The JSE Junior Market Index gained 1.39 points to close at 733.57, with the price of 3 stocks advancing and 1 declining.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale. There has developed a widening gap between most bids and offers as investors have a standoff between where the stocks last traded and where those wanting to sell are prepared so to do. Improving profit out turn has made the situation worse.

Stocks trading in the junior market are, Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent for the nine months, to $48.5 million, the stock gained 40 cents in closing at $5.60, having traded 87,603 shares. Caribbean Producers trading 993,178 as high as $2.35, closed at $2.30 for a 10 cents decline, General Accident Insurance had 224,010 units changing hands at $1.71 for 1 cent gain, Lasco Distributors gained 3 cents in trading 14,800 and closed at $1.43 and Lasco Manufacturing had only 12,230 shares trading to end at $1.06.