Derrimon Trading — Page 189

Junior market up 1st trading day of 2015

January 2, 2015 by IC Insider.com

Caribbean Cream traded at 77 cents to gain 2c but closed with the bid at 80c.

Activity on the Junior Market closed with on the first trading day of 2015, in 8 securities ending with 264,067 units valued at $375,776 changing hands. The JSE Junior Market Index rose 1.13 points to close at 689.09, with the price 4 advancing and 2 declining.
At the close of the market continues to reflect renewed interest in junior stocks with 6 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale, in addition there were 6 stocks with bids higher than their last selling prices and none with offers that were lower.
The stocks trading are, AMG Packaging trading 22,220 shares with the price rising 25 cents to $2.15, Caribbean Cream ended with 68,000 shares changing hands to close 2 cents higher at 77 cents, Caribbean Producers closed with 9,935 shares with the price rising 8 cents to $2.11, Paramount Trading finished with 42,000 shares changing hands to close 9 cents up to $2.71.
Lasco Distributors finished with only 1,850 shares changing hands at $1.45, Lasco Manufacturing ended with 116,962 shares changing hands to close at $1.12, Derrimon Trading closed with 3,000 units changing hands, the price slipped 5 cents to $2.10 and Dolphin Cove ended with only 100 shares trading 20 cents lower to $8.80.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Jamaican Stock, Lasco Distributors, Lasco Manufacturing, Paramount Trading

Lasco Manufacturing trades 4.8m shares

November 25, 2014 by IC Insider.com

Lasco’s new I Cool drinks

Trading in the Junior Market closed with a pick up in activity on a day when Lasco Manufacturing traded more than 4.8 million shares, in 6 different trades.
Trading in the junior market, ended with 5,369,992 units changing hands, valued at $5,518,795. The JSE Junior Market Index rose 3.71 points to close at 684.67 with only 7 securities traded, the price of 2 advanced and 2 fell. At the close of the market, there was 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
the stocks traded are, Caribbean Producers concluding trading with 151,805 units to close with a gain of 20 cents to $2.20. Lasco Distributors concluded trading with 26,500 units and put on 1 cent to $1.51 for a new 52 weeks’ high, Blue Power ended with 121 shares changing hands to close at $6.80, Derrimon Trading ended with 2,000 shares trading at $2.15, Lasco Financial finished trading with 346,160 shares changing hands 93 cents, Jamaican Teas finished trading with 10,000 units to fall 55 cents to a new 52 weeks’ low of $2.85 and Lasco Manufacturing ended with 4,833,406 shares changing hands, to close at 1 cent to 99 cents.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Producers (CPJ), Derrimon Trading, Jamaican Teas, Lasco

8 junior market stocks trade

November 20, 2014 by IC Insider.com

General Accident traded 551,733 units at $1.50.

The number of companies trading in the Junior Market picked up on Thursday with 8 securities traded, with the price of 2 advancing and 2 ending lower.Trading ended with 1,247,208 units valued at $2,018,182. The JSE Junior Market Index rose 1.69 points to close at 681.04.
At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show signs of weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale at the close of the market.
Lasco Distributors closed with 47,970 shares trading 6 cents higher to $1.45, Lasco Manufacturing finished trading with 50,000 shares while gaining 5 cents to end at $1.05, Caribbean Cream had 40,000 shares changing hands, to close at 71 cents, Consolidated Bakeries concluded trading with 10,000 shares changing hands, to close at 82 cents, Derrimon Trading exchanged 20,000 shares in trading at $2.15 and Lasco Financial finished trading with 75,950 shares at 91 cents.
Caribbean Producers finished trading with 451,555 shares with a loss of 25 cents to $2 and General Accident traded 551,733 units to fall 3 cents to $1.50.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, General Accident, Jamaican Stock, Lasco, Purity

Advancing stocks beat declining ones

August 25, 2014 by IC Insider.com

Add your HTML code here...

The level of trading on the Jamaica Stock Exchange on Monday was very low with 18 securities changing hands, resulting in 854,483 stock units trading, valued at $7,165,353.98. At the close of the market, the prices of 6 stocks rose and 4 declined.
Main Market| The JSE Market Index rose 380.28 points to 72,045.69 and the JSE All Jamaican Composite index gained 425.23 points to close at 79,268.37.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Carreras with 42,500 units and closed with a gain of 60 cents at $34.90, Jamaica Broilers with 114,665 shares, closed 1 cent higher at $4.61, Scotia Group with 70,691 shares gained $1.24 to end at $20 and Seprod with 13,700 shares rose 25 cents to $10.75.
Firm| The stocks to close without a change in price in the main market, along with volume and last traded prices are, Cable & Wireless with 144,678 shares to close at 36 cents, Grace Kennedy with 16,595 units at $60, Sagicor Group with 72,697 shares, closed at $9 and Sagicor Real Estate Fund had only 1,113 units trading at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Caribbean Cement with 68,825 shares while losing 35 cents to close at $2.55 cents, Jamaica Money Market Brokers with 118,430 shares lost 4 cents to end at $6.96 and National Commercial Bank 32,943 shares closed with a 5 cents fall, at $18.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,858 units at $3.
Junior Market| The JSE Junior Market Index declined by 1.51 points to close at 645.86 as 6 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Flavours with 7,000 units changing hands and gained 4 cents to end at $2.69 and Caribbean Producers 96,978 shares closed with a 1 cent increase at $2.36.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Derrimon Trading with 5,000 units going through the market at $2.15, Lasco Distributors with 3,360 shares closed at $1.12 and Lasco Manufacturing with 3,600 shares at 95 cents.
Declines| Caribbean Cream traded 23,850 shares and lost 8 cents to end at 75 cents was the only stock declining in the junior market at the end of trading,
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Caribbean Flavors, Caribbean Producers (CPJ), Carreras, Derrimon Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaican Stock, JMMB, Kingston Wharves, Lasco, NCB, Pan Jam, Sagicor, Scotia, Seprod

JSE trading extends to 33 securities on low volume

August 19, 2014 by IC Insider.com

In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 9 stocks rose and 9 declined as 33 securities changed hands, resulting in 2,457,366 stock units trading, valued at $5,927,351.
Main Market| The JSE Market Index dropped 323.78 points to 71,151.07 and the JSE All Jamaican Composite index moved lower by 362.04 points, to close at 78,268.02.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Jamaica Broilers with 6,000 shares gaining 15 cents to close at $4.80, Mayberry Investments put through 102,760 shares at 2 cents higher to end at $1.57 and Pan Jamaican Investment with 4,035 shares closed a cent up at $48.51.
Firm| Stocks with volume and last traded prices in the main market to close without a price change, are, Berger Paints with 2,400 shares closing at $1.65, Cable & Wireless 952,637 units at 37 cents, Gleaner had 34,853 shares changing hands at $1.05, Grace Kennedy 4,000 units at $59.50, Jamaica Money Market Brokers exchanged 53,005 at $6.95, National Commercial Bank 30,044 shares changed hands at $18.15 each, Proven Investments US$ ordinary stock, put through 24,750 units at 17US cents, Sagicor Group with 7,553 units at $9 and the Sagicor Real Estate Fund with a mere 300 units, closed at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 5,124 shares as the price slipped by 95 cents to end at$34.05, Ciboney 33,000 stocks units was at a cent lower to end at 7 cents, Jamaica Producers with 12,467 shares saw $3.40 lashed off the price to end at $15.60, Radio Jamaica had 3,150 shares changing hands to close 2 cents lower at $1.20, Scotia Group with 33,203 stocks units, lost a cent to end at $18.71, Scotia Investments with only 2,414 shares, lost 62 cents to end at $21.38 and Seprod had 70,427 shares going through the market, 50 cents lower to end at $10.50.
Preference| Eppley 9.5% preference share traded 58,000 units at $6.10, Jamaica Money Market Brokers 8.75% preference share traded 24,428 units with 2 cents off, to end at $2.98, Proven Investments 8% preference share, saw only 957 units trading at $5.
Junior Market| The JSE Junior Market Index gained 10.43 points to close at 643.38 as 12 securities traded with 7 advancing and only 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Producers with 17,000 shares while gaining a cent to $2.31, Derrimon Trading with 7,900 units to close 10 cents higher at $2.15, Dolphin Cove gained 15 cents with 1,028 shares to end at $7.75, General Accident 200,000 shares traded resulted in a 5 cents rise to $1.40, followed by Lasco Financial with 116,015 units at a gain of 10 cents to $1, Lasco Manufacturing with 300,500 units gained 8 cents to $1 and Paramount Trading put on 2 cents, while trading 18,000 units to land at $2.52.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Consolidated Bakeries with only 500 shares at 80 cents, Honey Bun with 28,216 shares at $2.34 and Lasco Distributors with 300,000 units, ended at $1.11.
Declines| Only one stock declined in the junior market at the end of trading, with AMG Packaging exchanging 2,700 shares while losing 10 cents to end at $2.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: AMG Packaging, Berger Paints, C&WJ, Caribbean Producers (CPJ), Carreras, Consolidated Bakeries, Derrimon Trading, Dolphin Cove, Eppley, General Accident, Gleaner, Grace Kennedy, Honey Bun, Jamaica Broilers, Jamaica Producers, Jamaican Stock, JMMB, Lasco, Mayberry, NCB, Pan Jam, Paramount Trading, Proven, Radio Jama, Sagicor, Scotia, Seprod

Moderate trading on JSE 6 stocks rose 8 fell

August 14, 2014 by IC Insider.com

In a very moderate trading on the Jamaica Stock Exchange Thursday, the prices of 6 stocks rose and 8 declined as 25 securities changed hands, resulting in 3,031,357 shares trading, valued at $10,079,460.
Main Market| The JSE Market Index fell by 251.08 points to 71,553.90 and the JSE All Jamaican Composite index lost 280.74 points to close at 78,718.46.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market, are Carreras with 17,000 shares to close with a gain of 1 cent at $34.91, Jamaica Broilers 1,247,500 units to close at $4.65, up 7 cents, Proven Investments US ordinary share had 2,800 units changing hands, as the price was up by 0.0025 US cents, to 17.25 US cents, Sagicor Real Estate Fund traded 10,000 shares to gain 30 cents, at $6.90 and Scotia Investments with 5,105 units was up 12 cents to $21.30.
Firm| The stocks with volume and last traded prices in the main market closing without a change in price, are Cable & Wireless with 1,079,264 units at 39 cents, after the company released results ahead of trading showing slightly reduced loss in the quarter compared with 2013, Caribbean Cement with 25,501 shares closed at $3, Hardware & Lumber saw only 140 units changing hands at $9, Margaritaville traded only 5,000 US dollar ordinary shares at 11US cents, National Commercial Bank 25,695 shares closed at $18.16, Pan Jamaican Investment with 2,902 shares at $48.50 and Supreme Ventures with 179,365 shares at $1.80.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Grace Kennedy with 2,625 shares, declining $1.40 at $57.60, Jamaica Money Market Brokers 25,082 shares closing 5 cents off at $6.95, Kingston Wharves with 640 units and closed a cent down at $5.01, Mayberry Investments fell 11 cents to $1.57 with 1,020 shares changing hands, Sagicor Group traded 28,552 shares for 40 cents less at $9 and Scotia Group shed 29 cents to $18.71 with 52,466 shares.
Preference| Proven Investments 8% preference share traded 15,000 units at $5.
Junior Market| The JSE Junior Market Index declined by 0.78 points to close at 632.15 as only 6 junior market stocks traded with 1 advancing and 3 declining.
Gains| General Accident with 140,600 shares gained 2 cents to close at $1.35 and was the only stock to gain at the end of trading in the junior market.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Blue Power with 2,500 shares closing at $9.06, Derrimon Trading with 2,100 shares at $2.05 and Lasco Manufacturing 14,700 shares at 91 cents.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 118,000 shares, declined 3 cents to end at 97 cents and Paramount Trading with 27,800 shares fell 19 cents to $2.50 for a 52 weeks low.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Carreras, D&G, Derrimon Trading, General Accident, Gleaner, Grace Kennedy, Hardware & Lumber, Jamaica Broilers, Kingston Wharves, Lasco, Mayberry, NCB, Pan Jam, Proven, Scotia, Supreme Ventures, Trading Activity

Market records more gains

May 29, 2014 by IC Insider.com

In Thursday’s trading on the Jamaica Stock Exchange the prices of 10 stocks rose, 5 declined as 25 securities traded resulting in only 1,688,152 shares changing hands valued at a mere $4,985,668.
Main Market| 6 companies in the main market recorded gains following yesterday’s moderate recovery, 4 declined with the indices recording moderate gains as the JSE Market Index rose 462 points to 70,857.65 and the JSE All Jamaican Composite index recovered 516.61 points to close at 77,939.93.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless with 230,108 units changing hands with a cent increase to close at 28 cents, Caribbean Cement 14,250 shares to close up by 34 cents at $2.85, Carreras 500 shares to close with a gain of 50 cents to $34, Desnoes & Geddes 100 shares to close at $4.45 with a 15 cents gain, Grace Kennedy with 6,600 units closed at $54.01, just a cent ahead of the previous day’s close and Scotia Investments 17,000 shares to close with an increase of $2.49 to end at $25.49.
Firm| There were only 5 stocks in the main market to close without a change in price with Jamaica Broilers trading 18,000 shares in closing at $4.75, Jamaica Money Market Brokers 25,000 units and closed at $7, Jamaica Money Market Brokers 7.50% preference share, traded 50,000 units and closed at $2 and the 8.75% preference share 152,194 units and closed at $3.03 as National Commercial Bank put in 32,397 units and closed at $17.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers 8.50% preference share with 10,000 units as the price closed with a loss of a cent to end at $3.50, followed by Mayberry Investments with 428,310 shares as the price closed at $1.65 with a 6 cents decline for a new 52 weeks low, Sagicor Group with 12,555 shares to close at $8.90 for a 10 cents drop and Scotia Group 37,016 units as the price ended at $19 with a fall of 30 cents.
Junior Market| The JSE Junior Market Index rose by 2.74 points to close at 723.04 as 10 stocks traded with 4 advancing and one declining.
Gains| Stocks recording gains at the end of trading in the junior market are Blue Power with 10,202 units to close at $9.10 with an increase of 9 cents, Caribbean Producers with 30,388 units changing hands to close at $2.75 for 10 cents gain, Lasco Financial 5,915 shares as the price rose 2 cents to end at $1.15 and Lasco Manufacturing with 313,059 units to close at $1.10 with a 5 cents gain.
Firm Trades| 5 stocks in the junior market traded to close at the same price as the day before with Cargo Handlers trading 4,227 units to close at$14.01, Derrimon Trading with 20,450 units to finish at $2.28, Dolphin Cove 1,500 shares to close at $8.50, Lasco Distributors exchanging 126,839 shares to close at $1.35 and Medical Disposables closing with 121,542 shares at $2.
Declines| Jamaican Teas with 20,000 shares changing hands while losing 28 cents as the price settled at $3.21 was the only stock declining in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: Blue Power, C&WJ, Cargo Handlers, Caribbean Cement, Caribbean Producers (CPJ), Derrimon Trading, Dolphin Cove, Grace Kennedy, Jamaica Broilers, JMMB, Lasco, Mayberry, Medical Disposables, NCB, Sagicor

Advancing stocks top declines

May 5, 2014 by IC Insider.com

In Monday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 3 declined as 21 securities traded resulting in 5,426,535 shares changing hands valued at $14,802,328. The IC market sentiment indicator is pointing to continued fluidity in prices with almost an even number of stocks with bids and offers above or below their last traded prices.
Main Market| 5 companies in the main market advanced, only 3 declined as the indices moved down with the JSE Market Index falling by 603.54 points to 73,988.69 and the JSE All Jamaican Composite index declining by 674.86 points to close at 81,440.97.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless trading 16,832 shares to close with a gain of one cent at 41 cents, Desnoes & Geddes gained 20 cents to close at $4.50 with 450 units changing hands, National Commercial Bank 1,690 shares to close at $18.30 with a gain of 20 cents, Pan Jamaican Investment with 101,574 shares to close at $49.28, up 23 cents. Radio Jamaica had 4,900,000 units changing hands to close with a 4 cents gain at $1.32.
Firm| There were only 6 stocks in the main market to close without a change in price as Gleaner with 22,980 shares closed at $1.10, Grace Kennedy 810 units helped the price to close at $56.51, Jamaica Broilers traded 113,552 shares to close at $4.85, Mayberry Investments with 1,020 shares closed at $1.70, Sagicor Real Estate Fund traded 11,930 units to close at $6.50 and Scotia Group with 18,575 units closed at $20.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers with 1,298 shares in losing 2 cents to end at $7.22, Sagicor Group 106,867 shares to close down by 30 cents at $9.50 and Seprod with 1,022 at $10.80 for a 4 cents fall.
Junior Market| The JSE Junior Market Index advanced by 2.92 points to close at 754.26 as only 6 stocks traded in that market.
Gains| Lasco Manufacturing was the only stock recording a gain at the end of trading in the junior market as 44,697 shares changed hands to close up by 9 cents at $1.19.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are AMG Packaging with 500 units at $3.50, Blue Power with 19,438 units at $9.01, Derrimon Trading 12,000 units at $2.28, Lasco Distributors 37,300 shares at $1.40 and Lasco Financial Services 14,000 units at $1.20. Access Financial 9% Unsecured Short Term Notes traded 9,000 units at $99.50.
Declines| No stock declined in the junior market at the end of trading on Monday.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: AMG Packaging, C&WJ, D&G, Derrimon Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaican Stock, JMMB, Lasco, Mayberry, NCB, Pan Jam, Radio Jamaica, Sagicor, Scotia

Derrimon Trading goes for $200m

February 6, 2014 by IC Insider.com

Recently listed Derrimon Trading Company goes the capital market to raise up to J$200,000,000 from an 18 months Secured Commercial Paper with a minimum denominations of J$1,000,000.00 and increments of $100,000 at a fixed rate of 12.25 percent per annum. Interest is payable monthly, which raises the effective rate beyond that stated. The net proceeds from the issue will be used for working capital and general corporate purposes the term sheet states.

The issue date is February 6, 2014 and Maturity is August 6, 2015. Withholding tax shall apply to Note holders in accordance with applicable laws. Mayberry Investments are the brokers for the issue.

Derrimon Trading went public last year December and raised $102.5 million in fresh capital in an IPO offering for working capital, expansion and cost of the IPO estimated not to exceed $9.5 million, the prospectus stated.

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

The problem here is that if they succeed with the current issue which involves expensive money, borrowings will exceed equity capital. Borrowed debt should not be more than 50 percent of equity capital, the accepted norm.

The last balance sheet. disclosed at the time of the IPO, showed a company with adequate working capital, requiring more equity injection than the IPO brought in to align the current asset ratio in line with the accepted norm of $2 of current assets versus $1 of current liabilities. Instead, what existed then was $1.15 to $1 and even with the infusion of funds from the IPO, it would have gone to a still inadequate $1.33 to $1.

Filed Under: Company News, General Business News, Initial Public Offers, Stock Market Tagged With: Derrimon Trading, Jamaican Stock, JSE Company

Derrimon not over by much

December 4, 2013 by IC Insider.com

Derrimon Trading Company, the Junior Market’s latest IPO was oversubscribed having closed on the morning the issue opened. Data released by the broker to the issue Mayberry Investments indicate that there was just a relatively small over subscription. The broker confirmed today that the company has completed all applications in respect of the Initial Public Offering.

The bases of allotment | Board Reserved Applications, Employee Reserved Applications, Mayberry Clients Reserved Application and Key Partners Reserved Applications were fully allocated and the Public pool receives the first 50,000 shares in full and amounts and approximately 77.622% were allocated for excess amounts applied for over 50,000 units.

The amount of shares that were available to the general public was only 8,568,486. The amount suggests that the level of oversubscription did not exceed 1.7 million units.

Related Posts | Derrimon Trading, high risk low returns