Stock split for Blue Power?

Blue Power stock split to be considered by the directors.

A stock split could be coming for Junior Market listed Blue Power Group that is currently selling at $30. The directors of the company advised the Jamaica Stock Exchange on Wednesday.
The company also advised that a meeting of their Board will be held on July 2, will consider the declaration of a dividend and Whether the Board should recommend a stock split to the shareholders. IC Insider.com gathers from unconfirmed sources that the although the wording suggest that there could be a decision not to split the stock there is a strong possibility that the decision end up being being a 10 to 1 split.
Blue Power reported full year earnings to April with a fall from $122 million to $102 million as other income dropped from $8 million to $3.4 million and net finance income nosedived from $21 million to just $66,000, after revenues grew 8 percent from $1.4 billion to $1.5 billion and gross profit fell from $327 million to $323 million. The company reported strong growth in export sales of soap but say they are gearing for increased completion within the region including new soap plant in Jamaica. The increase in export sales over the previous year was 34% from $70 million to $94 million Dhru Tanna stated in his report accompanying the audited financial statements.
Earnings per share was $1.81 for the just concluded 2018 fiscal year.

More Junior Market recovery – Tuesday

Jamaican Teas closed at a all-time high of $6 on Tuesday.

The Junior Market of the Jamaica Stock Exchange closed activities with the market Index rising 15.26 points to 3,021.90 as 22 securities changed hands, resulting in as the prices of 6 securities rising, 9 declining and 7 remaining unchanged.
The volume and value traded rose to 1,560,032 units valued at $8,956,643 compared to 333,499 units valued at $1,479,924 from the trading of 21 securities on Monday. Jamaican Teas traded at a new all-time high of $6.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 6 with lower offers.
Trading ended with an average of 70,911 units for an average of $407,120 in contrast to 15,159 units for an average of $67,269 on Monday. The average volume and value for the month to date, amounts to 135,539 units valued at $711,179 and previously 140,805 units valued at $735,954. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 5 cents to close at $2.10, with 2,678 stock units, Blue Power jumped $1.50 to $30, after 3,025 units changed hands Caribbean Producers finished trading at $5.20, with 29,901 units, Consolidated Bakeries closed with a loss of 5 cents at $2.05, while trading 23,000 shares, Elite Diagnostic settled at $3.10, with 75,106 units changing hands. Eppley ended trading with a loss of 85 cents at $9.15, in exchanging 128,195 shares, Express Catering rose 1 cent to $7, with 15,682 shares, FosRich Group finished trading at $2.90, with 145,603 shares, General Accident closed with a loss of 2 cents at $2.98, in the trading of 1,000 stock units. GWest Corporation ended at $2.25, trading 7,398 units, Honey Bun concluded trading at $5, with 103,203 shares, Jamaican Teas ended at an all-time high of $6 after rising 50 cents and trading 108,130 stock units, Jetcon Corporation rose cents to end at $4.15, with 32,744 units. KLE Group closed with a loss of 25 cents at $2.70, while trading 29,500 shares, Knutsford Express ended 50 cents higher at $12.50, with 5,389 shares changing hands, Lasco Distributors concluded trading at $4.20, with 198,580 stock units, Lasco Financial finished with a loss of 10 cents at $5, with 37,301 units. Lasco Manufacturing settled with a loss of 10 cents at $4.10, with 30,000 shares, Main Event ended trading 7,050 shares at $7, Medical Disposables traded 1,500 shares 25 cents higher at $5, Paramount Trading finished trading with a loss of 10 cents at $2.90, with 2,197 stock units and Stationery and Office closed with a loss of 90 cents at $6.85, with 572,850 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Juniors recover some ground on Monday

The Junior Market of the Jamaica Stock Exchange, recovered more of the losses suffered last week as stocks rising was just ahead of those falling.
At the close of market activities, the Junior Market Index advanced just 13.24 points to 3,006.64 as 22 securities changed hands, resulting in as the prices of 7 securities rising, 5 declining and 10 remaining unchanged. On Friday there was trading in 21 securities.
The volume and value traded fell over 85 percent below Friday’s levels, with volume traded declining to a mere 333,499 units valued at $1,479,924, compared to 2,292,770 units valued at $10,680,659on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 5 with lower offers.
Trading ended with an average of 15,159 units for an average of $67,269 in contrast to 109,180 units for an average of $508,603 on Friday. The average volume and value for the month to date, ends at 140,805 units valued at $735,954 and previously 151,951 units valued at $795,273. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended trading 5 cents higher at $2.15, with 25,204 stock units, CAC 2000 finished at $9, with 4,665 shares, Caribbean Cream ended trading $1.20 higher at $6.20, with 10,000 shares, Caribbean Flavours traded at $11, with 200 stock units, Caribbean Producers rose 20 cents to $5.20, with 5,461 units. Derrimon Trading concluded trading with a loss of 10 cents at $11.40, with 2,700 shares, Elite Diagnostic settled 5 cents higher at $3.10, trading 17,500 units, Express Catering gained 3 cents to end at $6.99, with 19,077 shares, FosRich Group finished trading with a loss of 8 cents at $2.90, with 7,484 shares. General Accident closed at $3, with 1,000 stock units trading, GWest Corporation ended 3 cents higher at $2.25, with 23,782 units, Honey Bun concluded trading at $5, trading 28,808 shares, Jamaican Teas ended trading at $5.50, with 4,124 stock units, after trading at an intraday high of $5.82. KLE Group closed at $2.95, with 7,912 shares, Knutsford Express ended at $12, with 1,900 shares, Lasco Distributors concluded trading with a loss of 5 cents at $4.20, with 39,817 stock units, Lasco Financial fell 10 cents and closed at $5.10, with 34,970 units. Lasco Manufacturing settled at $4.20, with 7,478 shares trading, Main Event ended trading with a loss of 80 cents ot $7, with 7,952 shares, Medical Disposables traded with a loss of 25 cents at $4.75, with 13,903 shares, Paramount Trading finished trading at $3, with 53,715 stock units and Stationery and Office closed at $7.75, with 15,847 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. 

Modest price changes on TTSE – Monday

Add your HTML code here...

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with moderate gains in the market indices while in 12 securities traded against 10 on Friday, 5 rose, 1 declined and 6 remained unchanged.
The market closed with 200,242 shares trading at a value of $1,592,512 changing hands, compared to just 95,828 shares trading with a big jump in value of $3,162,520, on Thursday.
The Composite Index gained 0.50 points on Monday to 1,237.89, the All T&T Index declined 0.07 points to 1,730.43, while the Cross Listed Index added 0.15 points to close at 100.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 5 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Gains| Agostini’s rose 4 cents to settled at $21.10, after exchanging 175 shares, changing hands, Calypso Macro Index Fund gained 61 cents to close at $15.75 while trading 2,500 units, NCB Financial Group advanced just 2 cents and completed trading at $5.49, after exchanging 30,664 shares, Sagicor Financial gained 5 cents and concluded at $7.95, with 145,330 stock units changing hands and Scotiabank concluded trading with a gain of just 1 cent to $65.01, with 69 units trading.
Losses| Prestige Holdings lost 14 cents and ended at $10.01, exchanging 8,273 units.
Firm Trades| Clico Investments concluded at $20.25, with 2,445 stock units changing hands, First Citizens completed trading at $34.91, after exchanging 1,695 shares, JMMB Group to finish at $1.75 settled at $1.75, after exchanging 10,000 shares, Massy Holdings to finish at $47 settled at $47.00, after exchanging 371 shares,, Trinidad & Tobago NGL closed at $29.25 with 1,000 stock units changing hands, West Indian Tobacco gained $88.5 settled at $88.50, after exchanging 100 shares.
Prices of securities trading for the day are those at which the last trade took place. Daily Trading, TTSE, Trading Activity,

CAC & Broilers back in TOP 10

Jamaica Broilers returns to the main market TOP 10 list with a fall in the price to $22.10 by the end of the week from $26.30 last week and CAC 2000 returns after a last been in December.
CAC replaced Medical Disposables while JMMB Group moved up to $29.45 to be replaced by Jamaica Broilers.
During the week the main market traded at a record close on two days but closed the week below the record high. The main market saw new buying interest coming in for a number of stocks, at the same time that supply for them have dried up. Interest rates on Treasury bills fell in the June auction and inflation remains negative for the year to May. With those developments the main market seems poised to move to more records in the weeks ahead. Strong upward movement is also being signaled by the fact that, the market is breaking out of a wedge formation.
The junior market broke through a declining resistance line during the early part of the week but retreated by week end. Technical indicators are pointing to a strong upward movement, with a golden cross approaching, with the long term moving average line set to cross over the medium and short term lines not too far away.
The past week was very eventful for the Jamaica Stock market as the main market surged to new all-time highs and the Junior Market surged more than 100 points in the early part of the week and broke through resistance before pulling back.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market.
Stocks to Watch CAC 2000 reported strong half year results during the past week, with the second quarter more than doubling even after accounting for cost associated with issuing new preference shares. NCB Financial sits just below the TOP 10 list and has good growth prospects for patient investors, during the week the price moved to $100 where there is some selling but that level could be taken out during the coming week and pave the way for more gains. PanJam Investment could move higher this week has there is very limited supply. Investors should also keep an eye out for Sygnus Credit shares list on Monday and should see a slight bounce in the price. Others worth watching include Caribbean Cement, Berger Paints and Grace Kennedy for which there was increased demand by the end of the week. In the Junior Market, Stationery and Office Supplies could decline further during the week but could find support in the mid $6 to low $7 region before rebounding. Jamaican Teas came in for buying in the week but supply has been limited and could result in more gains for the stock that traded at a record close of $5.50 during the week.

JSE stocks down again – Friday

The Jamaica Stock Exchange main market retreated for the second day when trading ended on Thursday with the All Jamaican Composite Index dropping 471.19 points to 333,056.79 while the JSE Index slipped 429.31 points to close at 303,452.35 as declining stocks dominated trading.
Market activities in the main and US dollar markets resulted in 28 securities trading, compared to 30 on Tuesday of which 9 advanced, 16 declined and 3 traded firm.
At the close of market activity 2,827,566 units valued at $112,242,230 traded compared to 4,703,010 shares valued at $61,534,534 changed hands, on Thursday.
Trading volume was dominated by NCB Financial Group with 766,949 units followed by Victoria Mutual Investments with 568,164 units and Caribbean Cement Company with 289,511 units.
Stocks with major price changes are, Berger Paints lost 50 cents to $20.50, Caribbean Cement rose $2 to $42, Grace Kennedy rose 50 cents to end at $50.50, Jamaica Broilers declined by 90 cents trading 25,789 stock units to end at $22.10, Portland JSX lost 87 cents to end at $9.25, Sagicor Group lost 95 cents and settled at $38.15 and Sterling Investments climbed $2.50 to close at $9.50.
Trading resulted in an average of 108,753 units valued at an average of $4,317,009 for each security traded. In contrast to 180,885 units valued at an average of $2,366,328 on Thursday. For the month to date 195,519 units traded with an average value of $6,383,337 and on the previous day 203,633 units traded with an average value of $6,596,529 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 87,503 units valued at US$13,558 traded with Proven Investments ended trading with 46,245 units at 20 US cents, Sterling Investments lost 1.10 cents and ended trading at 10.4 US cents with 41,268 shares changing hands. The JSE USD Equities Index rose 0.50 points to close at 162.28.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

JSE majors up 2561 points for week – Friday

The Jamaica Stock Exchange pulled back at the close of trading on Friday as declining stocks was 60 percent more than as those advancing to end a week that had 2 days of new record close and still ended the week 2,561 points ahead of the close of the previous week.
At the close of trading, the All Jamaican Composite Index declined 471.19 points to 333,056.79 while the JSE Index slipped 429.31 points to close at 303,452.35.
Just 26 securities traded on Thursday, resulting in 9 advancing, 15 declining and 2 remaining firm resulted in activity amounting to just 2,827,566 units valued at $112,242,230.
In market activity, Berger Paints fell 50 cents and ended at $20.50, with 102,177 stock units, Carreras lost 28 cents in concluding trading at $10, with 171,700 units, Caribbean Cement jumped $2 to $42 while trading 289,511 shares, Ciboney Group rose 1 cent to settle at 13 cents, trading 100,000 shares, Grace Kennedy gained 50 cents and ended trading at $50.50, with 5,120 shares. Jamaica Broilers declined by 90 cents, trading 25,789 stock units to end at $22.10, with, Jamaica Producers gained 10 cents and finished trading at $16.95, with 1,654 units, Jamaica Stock Exchange closed at $7.20, with 2,500 shares after rising 17 cents, JMMB Group ended at $29.45, trading 219,128 shares with a rise of 45 cents. Kingston Properties fell 35 cents concluded trading at 52 weeks’ low of $5, with 6,000 shares, Kingston Wharves fell 35 cents and finished at $45.65, with 26,730 stock units changing hands, Mayberry Investments shed 44 cents and settled at $6.06, with 26,247 units, NCB Financial Group shed 49 cents and ended trading at $99.50, with 766,949 shares. 1834 Investments traded at $1.09 after rising 3 cents with 30,000 shares changing hands, 138 Student Living lost 8 cents and settled at $4.60, with 1,000 units, PanJam Investment closed at $51.45, with 27,225 stock units, Portland JSX lost 87 cents to end at $9.25, with 10,000 units, Radio Jamaica finished at $1.05, with 71,058 shares. Sagicor Group settled at $38.15 and lost 95 cents after trading 73,246 shares, Sagicor Real Estate Fund eased 1 cent and settled at $13.79, with 14,201 shares. Scotia Group rose 57 cents in closing trading at $50.60, with 46,014 units, Sterling Investments dropped $2.50 and closed at $9.50, with 591 shares, Supreme Ventures lost 30 cents and ended at $14.20, with 72,325 shares. Victoria Mutual Investments concluded trading with a fall of 10 cents at $4, exchanging 568,164 stock units and Wisynco Group rose 4 cents, finishing at $9.84, with 169,237 units. In the main market preference segment, JMMB Group 7.5% lost 4 cents and finished at $1.04, with 1,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE stocks down again – Friday .”

Juniors recover some ground on Friday

The Junior Market of the Jamaica Stock Exchange, recovered some of the losses suffered over the previous three days, as advancing stocks out-numbered declining ones on Friday, still leaving the index below the 3,000 mark.
At the close of market activities, the Junior Market Index advanced 31.90 points to 2,993.40 as 21 securities changed hands, resulting in as the prices of 10 securities rising, 5 declining and 6 remaining unchanged. On Thursday there was trading in 20 securities.
The volume and value traded fell over 60 percent below Thursday’s levels, with volume traded declining to 2,292,770 units valued at $10,680,659, compared to 6,809,242 units valued at $27,253,969 on Thursday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 109,180 units for an average of $508,603 in contrast to 340,462 units for an average of $1,362,698 on Thursday. The average volume and value for the month to date, amounts to 151,951 units valued at $795,273 and previously 155,908 units valued at $821,793. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Blue Power ended trading 50 cents higher at $28.50, with 1,000 stock units changing hnads, Caribbean Flavours jumped $1.93 to close at $11, with 2,000 shares traded, Consolidated Bakeries finished trading at $2.10, with 48,500 units, Derrimon Trading ended with a loss of 10 cents at $11.50, exchanging 1,500 shares, Express Catering gained 11 cents to close at $6.96, with 71,643 stock units trading, Elite Diagnostic finished with a loss of 7 cents at $3.05, exchanging 36,587 stock units. FosRich Group rose by 38 cents to land at $2.98, with 21,436 shares, GWest Corporation finished trading with a loss of 23 cents at $2.22, with 11,567 shares changing hands, Honey Bun closed 25 cents higher at $5, exchanging 100 stock units, Iron Rock ended with a loss of 10 cents at $2.95, with 40,961 units. Jamaican Teas finished trading at $5.50, with 174,438 units, Jetcon Corporation closed 10 cents higher at $4.10, with 9,464 shares, Knutsford Express traded 25 cents higher at $12, with 100 units, Lasco Distributors rose 5 cents to $4.25, with 135,635 shares, Lasco Financial closed with a gain of 15 cents at $5, trading 78,477 shares. Lasco Manufacturing ended with 1,192,669 shares trading at $4.20, Main Event concluded trading 30 cents higher at $7.80, with 30,500 stock units, Medical Disposables finished with a loss of 10 cents at $5, trading 126,888 units, Paramount Trading settled at $3, with 3,179 shares changing hands and Stationery and Office ended trading at $7.75, with 12,926 shares. In the junior market preference segment, Eppley 8.25% finished trading at $6, with 293,200 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place. 

Junior Market down 109 points in 3 days

The Junior Market of the Jamaica Stock Exchange suffered further losses on Thursday in declining 46 points, bringing the loses to 108.55 in three days and the market closed at 2,961.50.
At the close of market activities, 20 securities changed hands versus 18 trading on Wednesday, resulting in as the prices of 5 securities rising, 8 declining and 7 remaining unchanged.
The volume and value traded jumped over Wednesday’s levels, with a 96 percent rise in the volume traded to 6,809,242 units and 48 percent rise in the value traded to $27,253,969 compared to 3,476,318 units valued at $18,368,654 on Wednesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 7 with lower offers.
Trading ended with an average of 340,462 units for an average of $1,362,698 in contrast to 193,129 units for an average of $1,020,481 on Wednesday. The average volume and value for the month to date, amounts to 155,908 units valued at $821,793 and previously 138,077 units valued at $769,532. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 1,200 stock units traded, CAC 2000 finished at $9, exchanging 1,300 shares, Caribbean Cream ended trading with a loss of 10 cents to close at $5, with 15,000 shares, Caribbean Producers lost 23 cents to close at $5, with 300 units, Consolidated Bakeries closed at $2.10, with 63,000 shares exchanged. Derrimon Trading jumped $2.44 to end at a 52 weeks’ high of $11.60, with 5,750 shares changing hands, Elite Diagnostic settled at $3.12, with 15,351 units, Eppley ended trading 82 cents higher at $10, with 3,900 shares traded, Express Catering closed with a loss of $1.10 to $6.85, with 350,210 shares. FosRich Group finished trading at $2.60, with 1,144,462 shares trading, Honey Bun concluded trading with a loss of 25 cents at $4.75, after exchanging 104,000 shares, Iron Rock finished at $3.05, with 500 shares, Key Insurance finished trading at $4, trading 9,015 shares. Knutsford Express ended 25 cents higher at $11.75, with 5,000 shares changing hands, Lasco Distributors concluded trading with a loss of 24 cents at $4.20, in exchanging 48,971 stock units, Lasco Financial finished with a loss of 30 cents at $4.85, with 47,634 units, Lasco Manufacturing fell 25 cents to close at $4.20, with 4,973,719 shares. Main Event ended trading with a loss of 50 cents at $7.50, with 5,722 shares, Paramount Trading finished trading 30 cents higher at $3, with 964 stock units and Stationery and Office gained 15 cents in closing at $7.75, with 13,244 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. 

Demand up for several JSE stocks – Thursday

Seprod shares dived by $5 on Thursday.

Investors pushed the Jamaica Stock Exchange down from record close on when traded ended on Thursday with the All Jamaican Composite Index dropping 3,165.63 points to 333,527.98 while the JSE Index slipped 2,884.25 points to 303,861.66.
While the main market indices fell, the order book for a number of main market stocks, shows buying interest rising. Caribbean Cement with more than 276,000 units on the bid at $40, Grace with bids at $50 and rising with very limited offers, Jamaica Broilers with god bids above $22 and limited offers, JMMB group with bids at $29 against limited offers, Scotia Group with strong bids around the $50 region and limited supply.
At the close on Thursday, 30 securities traded in the main and US dollar markets, up from 24 on Wednesday and resulted in 10 advancing, 12 declining and 8 remaining firm. Market activity ended with 4,703,010 shares valued at $61,534,534 changing hands, up from 2,236,723 units valued at a mere $34,192,073 trading on Wednesday.
Carreras closed trading with 2,060,114 units or 43.80 percent of traded volume, followed by Jamaica Money Market Brokers 7.50% preference share closed with 1,315,000 units or 27.96 percent of the day’s volume and Sagicor Group ended with 341,597 units amounting to 7.26 of the day’s traded volume.
Stocks with major price changes are, Berger Paints rose 49 cents to $21, Caribbean Cement fell $2 to $40, Grace Kennedy lost $1 to end at $50, JMMB Group climbed $1.40 to end at $29, NCB Financial Group rose $1.74 and ended trading at $99.99, Sagicor Group rose 60 cents and settled at $39.10, Scotia Group dropped $1.47 in closing at $50.03, Seprod dived $5 to finish trading at $31, Sterling Investments climbed $4.20 to close at $12 and Supreme Ventures ended at $14.50, after falling 80 cents.
Trading resulted in an average of 180,885 units valued at an average of $2,366,328 for each security traded. In contrast to 101,669 units for an average of $1,554,185 on Wednesday. For the month to date 203,633 units traded with an average value of $6,596,529 and on the previous day 205,980 units traded with an average value of $7,083,190 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 448,195 units valued at US$62,443 traded with Proven Investments ended trading with 3,800 units and fell of 3 cents to 20 US cents, Sterling Investments rose 2.5 cents and ended trading at 11.5 US cents with 438,095 shares changing hands and in the US dollar preference sector, JMMB Group 5.25% closed with a loss of 25 cents at US$2 with 5,000 units trading and JMMB Group 6% closed at US$1 trading 1,300 units. The JSE USD Equities Index rose 0.50 points to close at 162.28.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.