The junior market ended on Friday with the index rising 5.71 points to 965.51 with indications below showing that Monday should be another day of more stocks rising than declining. A total of 5 stocks advanced, 1 declined with 6 securities trading. The market ended with 1,524,288 units, valued at $3.455 million changing hands.
The market ended with 3 securities with no bids to buy, while 9 had no stocks being offered for sale. A total of 9 stocks closed with bids higher than the last traded prices and 4 closed with lower offers.
In trading, Caribbean Cream traded 20,000 shares and gained 9 cents to close at $1.80, Dolphin Cove traded 4,000 shares at $11.50, General Accident Insurance traded 24,000 units at $1.50 to gain 3 cents,
Lasco Financial with 85,750 shares changing hands ended at $1.80. Lasco Manufacturing with 306,414 shares trading closed at $2.05 with a gain of 9 cents, Medical Disposables traded 621,144 shares to close unchanged at $2.50 and Derrimon Trading preference share ended with 463,000 shares changing hands to end at $2.23. The usual trading data was not available after the close on Friday as such the volumes on the bid and offers are for the most part those at 11 am on Friday morning.
5 junior stocks rise 1 fall on Friday
6 juniors stocks fall on Monday
The junior market ended on Monday with Caribbean Producers trading over 2 million shares to be the dominant trade. The market closed with the index falling 6.93 points to close at 950.93 as no stock advanced and 6 declined with a total of 8 securities trading. The market ended with 1,136,645 units, valued at $2,179,387 changing hands.
The market ended with 6 securities with no bids to buy, while 7 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
Stocks trading are, AMG Packaging with 250 shares changing hands at $3.65 while losing 15 
cents, Caribbean Cream ending with 440,000 shares changing hands at $1.65, as the price slipped 2 cents, General Accident trading 44,495 shares to end at $1.45, Lasco Distributors with 45,000 shares trading, closed at $1.82 after dropping 13 cents. Lasco Financial ended with 9,600 shares changing hands for a decline of 5 cents at $1.55, Lasco Manufacturing fell 6 cents with 91,400 shares trading at $1.90, Paramount Trading lost 19 cents in trading 900 units in ending at $5.81 and Derrimon Trading 11.75% preference share traded 505,000 units at a 52 weeks’ low of $2.20 after dropping 19 cents.
Carib Producers dominates juniors – Friday
CPJ dominates junior market trading
At the close, there are signs that the supply of junior market stocks is on the decline with demand slowly rising, indicators that prices should be rising for a number of stocks while those declining should be less. The market ended with 4 securities with no bids to buy, while 8 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
Stocks trading are, Access Financial with 1,545 shares changing hands at $12.50 while gaining 30 cents, Caribbean Cream ending with 60,000 shares changing hands at $1.67 to gain
2 cents, Caribbean Producers trading 2,169,800 units to close at $2.35, Consolidated Bakeries traded 2,000 shares at $1.20 Derrimon Trading ended with 32,000 shares changing hands, to end at $2.30. Dolphin Cove trading 6,556 units at $11.50. General Accident trading 38,054 shares to end at $1.45, Jamaican Teas with 46,241 shares trading, to close at $3.50, Lasco Financial ended with 990,914 shares changing hands for a decline of 10 cents to $1.60, Lasco Manufacturing fell 4 cents with 80,726 shares trading at $1.96 and Paramount Trading gained 25 cents in trading 200 units in ending at $6.
4 junior stocks fell 0 up on Wednesday
Trading on Wednesday ended with just 1,672,256 units, valued at $3,304,951 changing hands from a total of 8 securities that traded. The price of none stock declined and 4 advanced with the junior market index shedding 7.29 points to close at 983.49.
At the close, 5 securities ended with no bids to buy, while 5 had no stocks being offered for sale and 4 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
Stocks trading are, Caribbean Producers traded 131,644 shares unchanged at $2.50, Derrimon Trading ended with 29,000 shares changing hands at $2.30 after losing 35 cents, Knutsford Express traded just 15,000 shares at $6, Lasco Distributors closed with 263,298 units trading at $1.87. Lasco Financial ended with 677,150 shares changing hands at $1.85, Lasco Manufacturing closed with 549,634 units trading, ended with a gain of 19 cents to end at $2, Paramount Trading ended with 4,273 shares changing hands at $5.75 and Eppley cumulative preference share 2019, ended with 2,257 units changing hands at $6.05.
Quiet day for juniors
Trading on Friday ended with just 496,232 units, valued at $1,411,394 changing hands from a total of 11 securities that traded. The price of 5 stocks declined and 3 advanced with the junior market index losing 2.90 points to close at 966.98.
At the close, 5 securities ended with no bids to buy, while 4 had no stocks being offered for sale and 5 stocks closed with bids higher than the last traded prices and none closed with lower offers.
Stocks trading are, Access Financial traded 4,840 shares to close with a 18 cents fall to $12.02, Blue Power eased 40 cents to close at $13.60 with 25,000 units trading, Derrimon Trading ended with 15,000 shares changing hands and closed at $2.65, for a gain of 5 cents, Dolphin Cove closed with 1,131 shares changing hands at $12.52, for a 38 cents decline, Honey Bun traded 
5,000 units at $3.98, after adding 3 cents. Jamaican Teas had 2,774 shares changing hands, 25 cents higher at $3.50, KLE Group traded unchanged at 50 cents with 5,000 units changing hands, Knutsford Express with 100 shares changing hands ended at $6, Lasco Distributors fell 11 cents to $1.80, after it traded as high as $1.92 and ended with 76,000 units changing hands. Lasco Financial ended with 146,387 shares changing hands at $1.87 and Derrimon Trading 11.75% preference share, ended with 215,000 units changing hands with the price slipping 1 cent to $2.39.
Increased activity on junior market
Access fell $2.99 to $15.51on Thursday
At the close 4 securities ended with no bids to buy, while 3 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and 3 with the offers being lower.
Stocks trading are, Access Financial Services traded 200 shares to close at $15.51 with a fall of $2.99, AMG Packaging closed at a 52 weeks’ high of $3.95 with 31,398 units changing hands 30 cents higher, Cargo Handlers ended with 950 shares changing hands and closed at $31, Caribbean Cream traded 10,100 units at $1.99, after gaining 19 cents. Dolphin Cove traded 150 shares and closed at $13, General Accident Insurance traded 2,150 units with the price closing 15 cents lower to a 52 weeks’ low of $1.30, Honey Bun with 46,734 shares
changing hands, closed with a loss of 30 cents at $3.70, Knutsford Express had 518 shares trading to close at $6. Lasco Distributors closed with 283,526 units trading, 15 cents higher at $1.95, Lasco Financial ended with 85,300 shares changing hands to end at $1.80. Lasco Manufacturing with 291,740 units changing hands, closed at $1.84 after dropping a cent, Medical Disposables traded 102,000 shares to close with a gain of 25 cents at a 52 weeks’ high of $2.50 but closed with the offer at $2.30 to sell 13,085 units and Derrimon Trading preference share ended with 88,300 units changing hands at $6.05.
Moderate trading on junior market
The JSE junior market fell on Wednesday with 2 stocks declining and 1 advancing, only 7 securities traded, resulting in 931,475 units, valued at $2,060,574 changing hands. The market regained 2.10 points to close at 1,019.85.
The market ended with 4 securities closing with no bids to buy, while 4 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and only 2 with the offers being lower.
Stocks trading are, Caribbean Flavours traded 28,657 units at $2.82, after falling 18 cents, Derrimon Trading ended 
with 11,054 shares changing hands to end 10 cents higher at $2.60, for a new 52 weeks’ high, the stock traded earlier at $2.70. Dolphin Cove traded 1,000 shares and closed at $13, General Accident Insurance traded 15,000 units with the price closing at $1.45, Jamaican Teas had 244,745 shares trading to close at $3.10, Lasco Distributors closed with 316,929 units trading, 1 cent lower at $1.80 and Lasco Manufacturing with 314,090 units changing hands, closed at $1.85.
Trading expands to 14 junior stocks
Derrimon traded at a new 52 weeks’ high of $2.50 on Tuesday.
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.
Derrimon Trading pumps up profit
Derrimon Trading made major stride in improving performance in the year to June with a big surge in profit of $51 million for the six months, a $49.5 million increase over the corresponding period in 2014, with net profit of just $1.7 million. For the quarter to June, profit came in at $31 million versus a loss of $9.4 million, from revenues of $1.58 billion, 16 percent up from $1.35 billion generated in 2014.
The profit out turn for the quarter is 49.6 percent ahead of the profit generated in the first quarter. Earnings per share amount to 11 cents for the quarter and 19 cents for the half year and should ends up around 40 cents for the full year. For the year to December 2014 the company made profit of $51.6 million or 19 cents per share.
The six months results reflect revenue of $2.88 billion, an increase 6.3 percent to $171.47 million over the $2.707 billion reported for the first six months period in 2014. “The growth in revenue was primarily due to improved sales within the retail segment of the business. Gross profit reported for the period was $360 million or 36.2 percent above the $264 million reported for the same period in 2014, the improvement reported in gross profit is due to improved margins within both the distribution & retail segments of the business,” Derrick Cotterell, Chairman and Chief Executive Officer stated in his report to shareholders. For the June quarter gross profit jumped a strong 59.5 percent to $193 million and is well ahead of the 16 percent growth in revenues for the quarter.
Operating expenses for the period was $298 million, which represents an increase of 11.9 percent or $32 million over the $266 million reported for the same period in 2014. For the June quarte, expenses rose 14 percent to $157 million from $137.6 million. “The major factors for this increase were the increase in cost for property rental, staff cost, contracted services such as trucking, and professional fees,” Cotterell stated. Finance charges increased from $21.3 million to $40.4 million or 90 percent in the six months period reported. For the quarter, interest cost amounts to $21.5 million versus $6.4 million. Associated company contributed $12 million in the quarter and $20.5 million for the half year to profit.
Finances| While the profit performance is up strongly, the same cannot be said about the company’s finances. Receivables stood at $495 million at the end of 2014, climbed to $881 million in June and inventories are up to $817 million from $604 million, payables of $1.06 billion moved from $599 million. Loan payments due within twelve months, amount to $338 million. With cash of $137 million on hand and cash flow running around $70 million per annum, the company may have to be going back to the financial market to seek funding to facilitate payment of the loans, but reduction in the amounts due from customers and inventories can deliver the cash to help fund the payments.
IC Insider is placing a Market Watch rating on the stock.
Juniors make moderate gain
Honey Bun closed at a 52 weeks’ high of $3.40
The market ended with 5 securities closing with no bids to buy, while 6 had no stock being offered for sale and 4 stocks closed with bids higher than the last traded prices and only 3 with the offer being lower.
Stocks trading are, Access Financial Services traded 100 shares to close at $19 with a gain of 88 cents, AMG Packaging closed at $3.65 with 2,114 units changing hands, Blue Power closed with 1,000 units changing hands and lost $1.22 to close at $12.28. Caribbean Cream traded 63,793 units, to close at $2. Caribbean Producers traded 13,489 units for a 10 cents
gain at $2.70, Derrimon Trading ended with 11,746 shares changing hands, lost 25 cents to $2.20, Honey Bun with 4.450 shares changing hands, closed with a gain of 40 cents at $3.40, for a 52 weeks’ high. Jamaican Teas had 1,000 shares trading, to close at $3.53, the stock closed with an offer to sell at $3.50, Lasco Distributors closed with 1,229,090 units trading, 4 cents higher to $1.80, Lasco Financial Services traded 38,137 units to close at $1.80 after falling 10 cents and Lasco Manufacturing with 256,367 units changing hands, closed at $1.95 for the loss of 5 cents.
