Another Paul Scott’s company is headed to the Junior Market and will bring the total companies listed to 9, these include Seprod, Caribbean Producers, General Accident, AS Brydens and Sons, Eppley, Epply Caribbean Property Fund, Productivity Business Solutions and Stanley Motta. Scott also has a significant interest in Lumber Depot and Transjamaican Highway in which Musson owns over 595 million shares and is the third largest shareholder.
Atlantic Hardware & Plumbing Company, a 30-year-old wholesale distribution company is offering 499,999,800 shares at $1 each for subscription. Just 200 million will be available to the public as JMMB Group is set to convert loans into shares. The shares are slated to be listed on the Junior Market of the Jamaica Stock Exchange. The company with a staff complement of 35 is located at 105-107 Marcus Garvey Drive. The issued share capital is currently 1.95 billion ordinary units. Construct Group owns 975 million units, Lumber Depot 682.5 million units and General Accident 292.5 million shares. The offer opens on the 27th of February and is scheduled to close on the 13th of March and will most likely close well ahead of the closing date, with only 100 million available for the general public.
The lead broker is JMMB Securities, an affiliate, the holder of a convertible bond, is entitled to exercise the conversion option for up to 300 million shares at $1 per share.
The net proceeds of $470 million will be used to repay debt, this includes the conversion of JMMB convertible bond representing 300 million units.
At the end of September last year borrowed funds surged to $1.34 billion compared to just $177 million at the end of 2023 as the company embarked on a share buyback, in a classic engineering exercise to get it to fit into the Junior Market capital size.
Revenues in 2023 amounted to $1.4 billion with a profit of $147 million before tax. Revenues declined from the 2021 and 2022 levels of $1.67 billion with profit before tax of $318 million and $290 million respectively. Revenues of $440 million were generated in the September quarter up 30 percent from $339 million in 2023 and for the nine months to September, revenues climbed by 12 percent to $1.23 billion from $1.1 billion in 2023. Profit for the quarter before taxation was $18.7 million versus $69 million and for the year to September 2024 – $84 million compared with $236 million in 2023.
In January, this year, Atlantic sold real property on Ashenheim Road in Kingston. The net sale proceeds will be used to repay approximately $230 million of existing indebtedness. Borrowed funds should fall to around $200 million from the combination of the IPO proceeds and internal funds. Accordingly, interest cost that was $48 million in the September quarter should drop around $20 million annually.
The PE ratio works out at 12.5 times earnings which is unlikely to move the stock much with the market average currently around 13 but there several that are trading above 15. This is not one those companies that has a great future ahead of it and most investors should look elsewhere for better prospects.
The market closed with the 
Market PE ratios are based on last traded prices and earnings that are forecasted by ICInsider.com for companies with the financial year ending around August 2025.
Lasco Distributors popped 40 cents to $4.75 with traders dealing in 80,324 units, Salada Foods sank 47 cents in closing at $3.20 in an exchange of 500 stocks, Seprod dipped $1.50 to end at $86 with investors trading 10,926 units. Supreme Ventures rose 69 cents to end at $20.34 after 159,544 stocks had passed through the market and Sygnus Credit Investments increased 44 cents to finish at $12.99 with investors trading 22,779 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated
The market closed with trading of 269,573 shares valued $2,493,607 compared to 358,721 stock units at $7,640,936 on Wednesday.
At the close of market activities, Angostura Holdings ended trading at $13.50 with an exchange of 5,150 shares, Ansa McAl remained at $58 with traders dealing in 3,064 stocks, Calypso Macro Investment Fund ended at $23.75 with 50 shares clearing the market. First Citizens Group declined 12 cents in closing at $41.88 with 
National Enterprises declined 1 cent to end at $2.61 with investors trading 2,065 stock units, Prestige Holdings shed 20 cents in closing at $11.10 in an exchange of 1,585 stocks, Republic Financial rose 1 cent to close at $113.51 with investors dealing in 8,608 units. Scotiabank closed at $54.06 in switching ownership of 5,234 shares, Trinidad Cement rallied 11 cents to end at $2.31 with 4,524 units crossing the market, Unilever Caribbean sank 19 cents in closing at $10.83 in an exchange of 1,457 stocks and West Indian Tobacco ended at $5.53 with 745 stock units changing hands.
The market closed with trading of 5,685,109 shares for $8,860,389 down from 10,931,452 stock units at $16,401,707 on Wednesday. Trading averaged 129,207 shares at $201,372 below the 254,220 stocks at $381,435 on Wednesday with the month to date, averaging 188,642 units at $317,970 in line with the 193,230 stock units at $326,970 on the previous day and well below January with an average of 350,850 shares for $615,775. Kintyre Holdings led trading with 2.08 million shares, amounting to 36.7 percent of total volume, it was followed by One Great Studio which ended with 1.22 million units for 21.5 percent of the day’s trade and Regency Petroleum with 423,313 stocks for 7.4 percent of the volume traded. At the close of trading, the Junior Market Index skidded just 5.18 points and ended at 3,632.95. 
JFP Ltd declined 7 cents to close at 71 cents and closed with 20,915 units changing hands. Limners and Bards shed 8 cents in closing at $1.19 as investors exchanged 3,592 shares, Lumber Depot sank 9 cents to end at $2.81 as 69,926 stock units passed through the market, Omni Industries increased 6 cents to finish at $1.08 in an exchange of 365,390 stocks. Stationery and Office Supplies rose 10 cents to $1.60 with traders dealing in 3,686 units, Tropical Battery advanced 10 cents to finish at $2.86 in an exchange of 134,020 shares and tTech rallied 38 cents and ended at $1.90 with 1,594 stock units changing hands. 
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with the trading of 12,754,102 shares with a value of $61,851,097, down from 93,093,579 stocks at $227,245,086 on Tuesday. Trading averaged 236,187 shares at $1,145,391 and well below the 1,577,857 stocks at $3,851,612 on Tuesday and for the month to date, an average of 484,882 units at $1,952,099 compared with 503,355 shares at $2,012,019 on the previous day and January with an average of 257,074 stock units at $2,582,065.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Massy Holdings fell $1.05 to $80 with investors dealing in 2,521 units, Pan Jamaica dropped $1.40 to close at $55.50 after an exchange of 5,400 stocks, Scotia Group advanced $1 to end at $58 after investors ended trading 1,189 units. Seprod rallied $2 in closing at $87.50 in an exchange of 3,543 stocks and Supreme Ventures shed 70 cents to finish at $19.65 with traders dealing in 36,233 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 
The market closed with trading of 10,931,452 shares for $16,401,707 compared with 12,238,191 units at $26,027,175 on Tuesday.
At the close of an active market, AMG Packaging climbed 8 cents and ended at $3.18 with investors swapping 59,309 stocks, Caribbean Assurance Brokers popped 26 cents to $2.76 with a transfer of 14,561 units, Caribbean Cream fell by 47 cents to finish at $2.72 as investors exchanged 1,921 shares. Consolidated Bakeries increased 18 cents in closing at $1.98 after investors traded 649 stock units, Dolphin Cove rallied 40 cents to close at $15.90 after an exchange of 215,271 shares and trading at a 52 weeks’ intraday low of $14.05. Elite Diagnostic shed 6 cents to finish at $1.62 with 510 stocks being traded. Everything Fresh rose 18 cents and ended at $1.98 with 8,920 units crossing the market, Express Catering declined 10 cents to $3.10 with investors trading 3,000 stock units, Fontana gained 10 cents in closing at $9.20 with 24,123 shares clearing the market. Honey Bun advanced 16 cents to close at $8.11 with traders dealing in 1,210 units, Image Plus sank 8 cents to $1.27 after a transfer of 171,178 stocks, ISP Finance dipped $6.25 to finish at $37 in switching ownership of 1,039 stock units. 
JFP Ltd rose 9 cents and ended at 78 cents after 63,948 shares changed hands, Limners and Bards rallied 7 cents to $1.27 after an exchange of 287,005 stocks, Mailpac Group increased 11 cents to finish at $2.64 with 36,623 units changing hands . Main Event lost 20 cents in closing at $10.80 with investors dealing in 3,357 stock units, One Great Studio climbed 9 cents to end at 60 cents with 5,037,700 shares passing through the market, Regency Petroleum skidded 8 cents to $3.11 with investors trading 37,396 stocks. Spur Tree Spices sank 9 cents to $1.66 with 130,650 units crossing the exchange, Stationery and Office Supplies dropped 6 cents in closing at $1.50 with an exchange of 442,044 stock units, Tropical Battery shed 23 cents to close at $2.76 with 160,157 shares crossing the market and tTech popped 13 cents and ended at $1.52 in an exchange of 112,534 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 358,721 shares at $7,640,936 up from 179,912 stock units at $2,445,820 on Tuesday. An average of 15,597 shares were traded at $332,215 well above the 11,245 units changing hands at $152,864 on Tuesday. Trading for the month to date averaged 15,057 shares at $154,192 compared to 15,000 units at $135,322 on the previous day and an average for January of 17,669 shares at $153,409.
Ansa Merchant Bank closed at $40.05 with 1,000 stocks changing hands, Calypso Macro Investment Fund ended at $23.75 with investors trading 5 shares, CIBC Caribbean lost 5 cents in closing at $7.95 with 4,782 stock units changing hands. Endeavour Holdings rallied $1 to close at a 52 weeks’ high of $20 with investors trading just 10 units, First Citizens Group rose 50 cents to finish at $42 after an exchange of 7,333 stock units, GraceKennedy ended at $3.69 after trading of 4,438 shares. Guardian Holdings remained at $14.90 with 503 stock units clearing the market, Guardian Media dipped 1 cent in closing at $1.10 in an exchange of 3,397 units, JMMB Group remained at $1.04 with 13,299 stocks crossing the market. Massy Holdings sank 4 cents in closing at $3.90 in switching ownership of 243,039 shares, National Enterprises popped 1 cent to end at $2.62 with traders dealing in 1,725 stock units, National Flour Mills rallied 4 cents to finish at $1.69 in an exchange of 4,000 stocks. One Caribbean Media ended at $2.85 after trading 2 units, 
Point Lisas fell 8 cents to close at $3.20 with an exchange of 415 shares, Prestige Holdings increased by 30 cents to end at $11.30 after 3,005 stocks passed through the market. Republic Financial climbed 19 cents to $113.50 with investors swapping 52,101 units, Scotiabank declined $1.74 to finish at a 52 weeks’ low of $54.06 with a transfer of 483 stock units, Trinidad & Tobago NGL ended at $4.65 as investors exchanged 674 shares. Trinidad Cement shed 10 cents in closing at a 52 weeks’ low of $2.20 after a transfer of 13,876 stock units and Unilever Caribbean remained at $11.02 after an exchange of 376 stocks.
The market closed with trading of 12,238,191 shares for $26,027,175 up from 7,301,014 stock units at $11,842,518 on Monday.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Iron Rock Insurance sank 30 cents to end at $3.60 after a transfer of 7,130 stocks, ISP Finance increased $6.25 in closing at a 52 weeks’ high of $43.25 with investors swapping 1,117 shares but only after trading at an intraday 52 weeks’ high of $49.42. Jetcon Corporation dipped 15 cents to finish at $1.02 in an exchange of 138,118 stock units, JFP Ltd fell 14 cents and ended at 69 cents with investors dealing in 403,400 units after trading at an 52 weeks’ intraday low of 58 cents, Knutsford Express popped $1 to close at $12 after an exchange of 2,170 stocks. Mailpac Group dropped 8 cents to $2.53 and closed after 4,309,861 units changed hands, Main Event advanced 20 cents to close at $11 with an exchange of 473 stocks, Medical Disposables fell 36 cents to finish at $1.63 with investors trading 14,532 shares and tTech slipped 8 cents and ended at $1.39 as investors exchanged 1,356 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Guardian Holdings rallied $1.50 in closing at $305 with 9,001 stock units crossing the market, Jamaica Broilers sank 62 cents to $36.38 with investors dealing in 65,019 stock units, Kingston Wharves dropped $3 to end at $27 with 53,454 shares crossing the market . Massy Holdings lost 80 cents to close at $81.05 in switching ownership of 1,222 units, Mayberry Group increased 45 cents and ended at $7.60 with 13,405 stocks clearing the market, NCB Financial skidded $1.98 to finish at a 52 weeks’ low of $48 in an exchange of 340,780 stock units. Pan Jamaica climbed $2.40 and ended at $56.90 with 1,263 shares changing hands, Seprod sank $3.38 to $85.50 with 72,182 units crossing the exchange and Stanley Motta dipped 95 cents in closing at $6.41 with investors swapping 5,004 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 179,912 shares with a value of $2,445,820 compared with a mere 13,891 stocks at $575,461 on Monday. Trading close with an average of 11,245 shares for $152,864 up from just 817 units for $33,851 on Monday. Trading month to date averaged 15,000 shares at $135,322 that is in line with 15,299 units at $133,926 on the previous day compared with an average for January of 17,669 shares at $153,409.
At the close of a market session of increased trading, Ansa Merchant Bank ended at $40.05 with trading of 185 stock units, CIBC Caribbean rose 4 cents to $8 with investors swapping 1,947 units, First Citizens Group ended at $41.50 after 5,649 shares were traded. GraceKennedy dropped 4 cents and ended at $3.69 with investors trading 16,659 stock units, JMMB Group lost 2 cents in closing at $1.04 with 84,200 shares crossing the market, L.J. Williams B share remained at 75 cents as investors exchanged 216 stocks. Massy Holdings rose 3 cents and ended at $3.94 after 17,406 units passed through the market, National Enterprises slipped 7 cents to $2.61 after a transfer of 6,592 stock units, National Flour Mills shed 2 cents to finish at $1.65 with 680 shares crossing the market. Point Lisas ended at $3.28 in an exchange of 100 stocks, 
Prestige Holdings ended at $11 with 3,764 stock units clearing the market, Republic Financial fell 19 cents to end at $113.31 and closed after 7,187 stock units changed hands. Scotiabank remained at $55.80 with 18,312 shares crossing the exchange, Trinidad and Tobago NGL skidded 3 cents to a 53 weeks’ low of $4.65 with a transfer of 6,460 stock units, Trinidad Cement closed at $2.30 after an exchange of 8,805 stocks and Unilever Caribbean sank 17 cents to $11.02 in trading 1,750 stocks.