Guardian Holdings rallied $1 followed by Scotiabank with a 99 cents rise in trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, a day when the volume of stocks traded climbed 128 percent, with the value 136 percent more than on Tuesday and resulting in 23 securities trading compared with 17 on Tuesday, with prices of five stocks rising, six declining and 12 ending unchanged.
Investors traded 336,364 shares for $4,389,046 compared to 147,835 stock units at $1,859,999 on Tuesday.
An average of 14,625 units were traded at $190,828 compared to 8,696 shares at $109,412 on Tuesday, with trading month to date averaging 11,288 shares at $144,664, up from 10,793 units at $137,814 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index dipped 0.90 points to 1,203.28, the All T&T Index shed 1.75 points to 1,834.30, the SME Index remained at 66.38 and the Cross-Listed Index closed firm at 73.91.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $67 after investors ended trading 95 shares, Angostura Holdings ended at $20.05 after an exchange of 290 units, Ansa McAl remained at $54.05, with 194 stocks crossing the market, Ansa Merchant Bank ended at $42.20 as investors exchanged 49,822 stock units. First Citizens closed at $49.01 with stakeholders trading 846 shares, FirstCaribbean International Bank ended at $7 with 20,000 stock units being traded, 
GraceKennedy closd at $3.27 in an exchange of 1,600 units, Guardian Holdings rallied $1 to close at $20 with 12 stocks changing hands. Guardian Media ended at $2 in switching owners of 127 stocks, JMMB Group popped 1 cent in closing at $1.35 after 193,158 stock units passed through the market, L.J. Williams B share gained 5 cents and ended at $2.55 with traders dealing in 10 stock units, Massy Holdings remained at $4.79 after 7,623 shares changed hands. National Enterprises skidded 14 cents to close at $3.59 after a transfer of 500 stocks, National Flour Mills ended at $1.53 with a transfer of 230 units, NCB Financial closed at $3 with shareholders swapping 15,871 shares, One Caribbean Media dipped 15 cents to $3.60 while exchanging 4,410 stock units. 
Point Lisas fell 33 cents to $3.07 with investors trading 1,085 stock units, Prestige Holdings fell 12 cents to end at $7.86 after 1,391 stocks changed hands, Republic Financial shed 25 cents to end at $125, with 8,835 shares changing hands, Scotiabank climbed 99 cents in closing at $73, with 3,370 units crossing the market. Trinidad & Tobago NGL popped 50 cents and ended at $13.50 after 26,580 units passed through the exchange, Unilever Caribbean remained at $11.99 after exchanging 20 stock units and West Indian Tobacco dipped 19 cents to $10.31 with investors dealing in 295 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Guardian climbs TT$1, Scotia 99 cents
Carib Cement drops $4.85
Barita Investments and Eppley Caribbean Property Fund gained over $1 but sharp declines in Caribbean Cement, down $4.85, Kingston Wharves falling $3.16, Jamaica Producers losing $1.35 and Pan Jamaica skidding $1 pressured the Jamaica Stock Exchange Main Market on Tuesday. 
Trading activity dropped sharply, with a 41 percent decline in the volume of stocks traded with 55 percent lower value than Monday, resulting from trading in 53 securities compared with 54 on Monday, with 18 rising, 20 declining and 15 ending unchanged.
A total of 5,365,366 shares were traded for $60,054,838 versus 9,156,436 units at $134,445,305 on Monday.
Trading averaged 101,233 shares at $1,133,110 versus 169,564 shares at $2,489,728 on Monday and month to date, an average of 137,507 units at $1,211,952 compared to 142,462 units at $1,222,721, the previous day. August closed with an average of 316,608 units at $1,867,646.
Transjamaican Highway led trading with 1.57 million shares for 29.2 percent of total volume followed by Carreras with 1.40 million units for 26.2 percent of the day’s trade and Wigton Windfarm with 469,969 units for 8.8 percent market share.
The All Jamaican Composite Index lost 1,710.4 points to close at 350,631.24, JSE Main Index skidded 526.78 points to 317,310.39 and the JSE Financial Index slipped 0.27 points to 70.42.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.3 for the Main Market. The JSE Main and USD Market PEs are computed based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped $2.14 and ended at $78.20 after investors ended trading 46,794 shares, Berger Paints declined 59 cents to $7.15 in an exchange of 1,292 units, Caribbean Cement dropped $4.85 to $45.15 while exchanging 14,426 stocks, Eppley Caribbean Property Fund gained $2 in closing at $37 with stakeholders trading 16,143 stock units. 
Jamaica Producers fell $1.35 to $18.70 with 5,350 units changing hands, Jamaica Stock Exchange rose 50 cents to $10.15, with 19,583 shares crossing the market, JMMB Group climbed $1 to end at $28.50 after 34,852 stock units were traded, Kingston Properties rose 80 cents and ended at $7.40 in trading 10,000 stocks. Kingston Wharves dropped $3.16 to close at $26.80 after a transfer of 5,313 shares, Pan Jamaica dipped $1 in closing at $45 in an exchange of 2,716 stock units, Sagicor Group skidded 50 cents in closing at $44.50, with 155,542 units changing hands, Scotia Group rallied 40 cents and ended at $33.90 after an exchange of 119,374 stocks after the group reported nine month’s profit up 74 percent, to $12.8 billion. Seprod increased 90 cents to end at $69.90 after 963 stocks passed through the market, 
Stanley Motta advanced 59 cents to $5.34 with investors dealing in 100 units and Sygnus Credit Investments increased 30 cents to close at $11.30, with 58,391 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican hikes JSE USD trading
Transjamaican Highway with 969,738 shares traded, pushed the volume of stocks trading on the Jamaica Stock Exchange US dollar market sharply higher on Tuesday levels as 366 percent more shares were traded with a 51 percent lower value than on Monday and resulted in eight securities being traded, compared to nine on Monday with the price one rising, four declining and three ending unchanged.
Transjamaican Highway
A total of 1,397,026 shares were traded at US$71,601 compared to 299,650 units at US$146,763 on Monday.
Trading averaged 174,628 shares at US$8,950 compared to 33,294 units at US$16,307 on Monday. Trading for the month to date averages 63,926 stock units at US$5,981 compared with 45,476 shares at US$5,486, the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index fell 4.39 points to end trading at 240.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share rallied 0.1 of a cent and ended at 5.3 US cents with a transfer of 67,591 shares, Margaritaville ended at 11.49 US cents as investors traded 1,678 stock units, Proven Investments dropped 0.15 of a cent to close at 14.8 US cents in an exchange of 320,429 units, Sterling Investments remained at 1.92 US cents with investors exchanging 407 stock units. 
Sygnus Credit Investments lost 0.09 of a cent to end at 9 US cents in an exchange of 30,671 stocks, Sygnus Real Estate Finance USD share declined 1.5 cents and ended at 8.5 US cents, with 6,399 stock units crossing the market and Transjamaican Highway fell 0.11 of a cent to end at 1.58 US cents with investors trading 969,738 shares.
In the preference section, Productive Business Solutions 9.25% preference share ended at US$12 after 113 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for Junior Market
Trading closed with 15 rising, 15 declining and 10 closing unchanged on the Junior Market of the Jamaica Stock Exchange on Tuesday, following an 18 percent decline in the volume of stocks traded
declining with a 25 percent lower value than Monday following trading of 40 securities the same number as Monday as the Junior Market Index inched 2.32 points higher to end at 3,777.54.
Investors traded 2,941,650 shares for just $6,618,990, from 3,594,328 units at $8,871,607 on Monday.
Trading averaged 73,541 shares at $165,475, compared to 89,858 units at $221,790 on Monday, with the month to date, averaging 116,481 shares at $290,019 compared with 122,572 stock units at $307,685 on the previous day. August closed with an average of 183,001 units at $460,354.
Derrimon Trading led trading with 712,487 shares for 24.2 percent of total volume followed by EduFocal with 480,690 units for 16.3 percent of the day’s trade and Fosrich with 276,854 units for 9.4 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 10.4. 
The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with projected earnings done by ICInsider.com’s for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power rose 11 cents to close at $2.50, with 126,017 shares changing hands, Caribbean Cream gained 51 cents in closing at $4.06, with 4,000 stocks clearing the market, Dolphin Cove shed 44 cents to end at $16.06 in an exchange of 833 stock units, EduFocal dipped 15 cents and ended at $1.25 with investors transferring 480,690 units. Express Catering slipped 35 cents to $4.50 with investors dealing in 270 stock units, Fontana fell 8 cents to $10.51 in an exchange of 48,278 units, 
Future Energy Source advanced 9 cents to close at $3.40, with investors trading 124,589 stocks, GWest Corporation increased 9 cents and ended at 97 cents, with 87 shares crossing the market. Honey Bun popped 7 cents to end at $6.60 after 2,547 shares passed through the exchange, Indies Pharma declined 15 cents in closing at $3 with stakeholders exchanging 538 stocks, Knutsford Express rallied $2.74 to close at $11.25 after 359 units passed through the market, Limners and Bards dropped 15 cents and ended at $1.75 after closing with 207,912 stock units changing hands. Lumber Depot climbed 9 cents in closing at $2 with a transfer of 6,352 stock units, Main Event skidded $1.25 to $15.50 with shareholders swapping 3,850 units, 
Medical Disposables popped 22 cents to end at $4.24 as investors exchanged 1,177 stocks and Paramount Trading rose 18 cents to end at $1.98 after a transfer of 3,033 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE Main Market
Trading activity climbed sharply relative to that on Friday on the Jamaica Stock Exchange Main Market on Monday, with a 74 percent jump in the volume of stocks traded and 149 percent climb in value, with trading in 54 securities compared with 57 on Friday, with prices of 19 rising, 27 declining and eight ending unchanged.
The market closed with trading of 9,156,436 shares at $134,445,305, up from 5,259,080 units at $54,075,283 on Friday.
Trading averaged 169,564 shares at $2,489,728 that jumped sharply above the 92,265 units for $948,689 on Friday, and month to date, an average of 142,462 units at $1,222,721, compared with 138,081 units at $1,017,876 on the previous trading day. Trading in August averaged 316,608 units at $1,867,646.
Kingston Wharves led trading with 3.50 million shares for 38.2 percent of total volume followed by Transjamaican Highway with 1.97 million units for 21.5 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.11 million units for 12.1 percent of the day’s trade.
The All Jamaican Composite Index rose 672.31 points to 352,341.68, the JSE Main Index declined 2,517.03 points to finish at 317,837.17 and the JSE Financial Index shed 0.42 points to settle at 70.69.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dropped $2.90 to end at $76.06 with a transfer of 56,959 shares, Caribbean Cement dipped 30 cents to $50 with shareholders swapping 2,760 stocks, First Rock Real Estate shed 59 cents to close at $7.80 while exchanging 10,002 units, GraceKennedy skidded 30 cents in closing at $70.20 with stakeholders trading 70,580 stocks. 
Guardian Holdings shed $34.80 to $401.20, with 182 units crossing the market, Jamaica Broilers fell $1 to $31 with an exchange of 66,931 shares, Jamaica Producers climbed $1.44 to end at $20.05 after 2,766 stocks changed hands, Jamaica Stock Exchange lost 35 cents in closing at $9.65 with trading of 17,938 stock units. JMMB Group fell $2.20 and ended at $27.50, with 43,366 stock units clearing the market, Kingston Properties, lost 72 cents to $6.60, with 5,350 units crossing the exchange, Kingston Wharves advanced $3.39 to $29.96 with investors dealing in 3,501,338 shares, Massy Holdings dipped $4.20 to close at $96 with 4,965 stocks being traded. NCB Financial skidded $1.50 in closing at $68.50 after trading 18,481 shares, Pan Jamaica popped $3 to end at $46 with investors transferring 878 units, Pulse Investments rallied 31 cents and ended at $2.51 and closed after trading in 16,227 stocks, Sagicor Group rose 49 cents to $45, with 9,649 stock units crossing the market. 
Seprod dropped $1.10 and ended at $69 in trading 17,450 shares, Stanley Motta declined 46 cents in closing at $4.75 with traders dealing in 30,730 stock units, Sygnus Credit Investments shed 30 cents to close at $11 after an exchange of 71,631 stocks and Wisynco Group increased 60 cents to end at $18 after exchanging 122,891 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD Market
The US Denominated Equities Index popped 2.23 points higher to 244.81 at the close of trading on the Jamaica Stock Exchange US dollar market on Monday, following a 51 percent rise in the volume of stocks changing hands, valued 612 percent more than on Friday and resulted in trading of nine securities compared to five on Friday, with six rising and three ending unchanged.
A total of 299,650 shares were exchanged for US$146,763 compared with 198,322 units at US$20,612 on Friday.
Trading on Monday averaged 33,294 shares for US$16,307 compared to 39,664 units at US$4,122 on Friday, with a month to date average of 45,476 stock units at US$5,486 compared to 48,287 units at US$2,989 on the previous trading day. August ended with an average of 57,291 units for US$4,251.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 1.2 cents to 5.2 US cents after exchanging 1,889 shares, Margaritaville ended at 11.49 US cents with shareholders swapping 135 stocks, Proven Investments climbed 0.15 of one cent in closing at 14.95 US cents with investors trading 159,347 stocks. 
Sygnus Credit Investments gained 0.09 of a cent to end at 9.09 US cents with 17,623 units being traded, Sygnus Real Estate Finance USD share rallied 1.5 cents to close at 10 US cents with a transfer of 79 shares and Transjamaican Highway rose 0.01 of a cent to end at 1.69 US cents in an exchange of 59,759 stocks.
In the preference segment, Eppley 6% preference share added 10 cents in closing at US$1.50 after an exchange of 10 stocks, JMMB Group 5.75% remained at US$1.95 trading 60,596 units and Productive Business Solutions 9.25% preference share ended at US$12 with investors dealing in 212 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Event lead Junior Market price
Main Event climbed 65 cents or 4 percent in trading on Monday but Knutsford Express fell 26 percent or $2.99, on a day when more than 2 stocks fell for every 1 that rose on the Junior Market of the Jamaica Stock Exchange on Monday, with the volume of stocks traded declining 51 percent and the value 53 percent lower than Friday after trading in 40 securities up from 37 on Friday and ended with nine rising, 20 declining and 11 closing unchanged.
Investors traded 3,594,328 shares for $8,871,607, down from 7,272,753 units at $19,023,620 on Friday.
Trading averaged 89,858 shares at $221,790 compared to 196,561 shares at $514,152 on Friday with the month to date, averaging 122,572 units at $307,685 compared to 127,979 stock units at $321,882 on the previous trading day. August closed with an average of 183,001 units at $460,354.
Image Plus Consultants led trading with 914,138 shares for 25.4 percent of total volume followed by Dolla Financial with 735,087 units for 20.5 percent of the day’s trade and ONE on ONE Educational with 292,709 units for 8.1 percent market share.
At the close, the Junior Market Index slipped 16.66 points to finish at 3,775.22.
The PE Ratio, a measure of computing appropriate stock values, averages 10.3. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging rose 8 cents in closing at $2.52, with an exchange of 521 shares, Caribbean Assurance Brokers fell 9 cents to $2.74 with 4,179 units crossing the market, Consolidated Bakeries fell 24 cents to close at $2.01 after 366 stock units passed through the exchange, Derrimon Trading climbed 10 cents to $1.95, with an exchange of 244,196 stocks. 
Dolla Financial skidded 17 cents to $2.31 in trading 735,087 stock units, Everything Fresh advanced 21 cents to end at $1.51 with investors dealing in 2,150 units, Fosrich lost 23 cents to close at $1.95 as investors exchanged 97,948 shares, Future Energy Source dipped 10 cents in closing at $3.31 with 226,383 stocks changing hands. Honey Bun shed 7 cents and ended at $6.53 with traders dealing in 300 stocks, JFP Ltd declined 20 cents to $1.45 after investors traded 9,337 shares, Knutsford Express fell $2.99 in closing at $8.51 with a transfer of 14,328 stock units, Lasco Financial increased 8 cents to $1.90 with an exchange of 3,160 units. Lumber Depot dipped 14 cents and ended at $1.91 with investors trading 218,565 shares, Main Event rallied 65 cents to close at $16.75 while exchanging 2,212 stock units,
Medical Disposables skidded 8 cents to end at $4.02 with 300 stocks crossing the market and Paramount Trading lost 20 cents to end at $1.80 after exchanging 5,079 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
General Accident to jump Junior Market
General Accident Insurance advises that it has successfully applied for graduation of its listed ordinary shares from the Junior Market to the Main Market of the Jamaica Stock Exchange, which will take place effective September 27,
General Accident spreading wings
According to the company, since being listed on the Junior Market over ten years ago, the Company has grown its gross written premium almost seven-fold. In addition to its market leadership in Jamaica, the Company has established a regional presence in Barbados and Trinidad. The Directors of General Accident believe the successful application reflects its growth, increasing scope and ability to comply with the applicable governance standards for companies listed on the Main Market.
The company with more than $15 billion in annual premium income reported a profit of $577 million last year and $246 million for the six months to June this year up from just $41 million for the same period in 2022. ICInsider.com projected profit of more than $1 billion for 2023.
The move follows Eppley another member of the Musson Group that migrated from the Junior Market in December 2018.
Rising stocks edged out decliners on TTSE
Rising stocks beetle decline in stocks 4 to 3 at the end of trading on the Trinidad and Tobago Stock Exchange on Monday, the market indices moved moderately at the close despite a rise of 191 percent in the volume of stocks traded with the value 158 percent more than on Friday and resulted in 21 securities trading up from 19 on Friday and ended with prices of four stocks rising, three declining and 14 remaining unchanged.
Investors exchanged 189,857 shares for $2,257,685, up sharply from 65,236 stock units at $876,597 on Friday.
An average of 9,041 units were traded at $107,509 compared with 3,433 shares at $46,137 on Friday. Trading for the month to date averaged 11,051 shares at $141,315 compared to 11,412 stock units at $147,381 on the previous trading day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index climbed 0.86 points to settle at 1,198.73, while the All T&T Index slipped 0.34 points to 1,826.88, the SME Index remained at 66.38 and the Cross-Listed Index popped 0.30 points higher to end at 73.70.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $67 in switching ownership of 59 shares, Angostura Holdings advanced 5 cents in closing at $20.05 after 170 stocks passed through the market, Ansa McAl ended at $53 with 576 units being traded, Ansa Merchant Bank ended at $42.20 with investors transferring 120 stock units. First Citizens Group fell 6 cents to $49, with an exchange of 1,413 stocks, FirstCaribbean International Bank remained at $7 with 11,360 shares crossing the market, GraceKennedy ended at $3.30 after 102,782 stock units were traded, Guardian Holdings ended at $19 with investors dealing in 3,627 units. Guardian Media remained at $2 after an exchange of 591 shares, JMMB Group rallied 2 cents to end at $1.28 in an exchange of 15,250 stock units, L.J. Williams B share ended at $2.56 with 10 stocks being traded, Massy Holdings rose 2 cents to close at $4.65 with traders dealing in 8,591 units. 
National Enterprises remained at $3.73 in an exchange of 10,015 stocks, National Flour Mills ended at $1.53 with investors trading 7,135 units, One Caribbean Media closed at $3.82 with 400 shares changing hands, Point Lisas ended the trading of 1,050 units at $3.40, Republic Financial popped 25 cents to $125.25 after a transfer of 3,036 shares. Scotiabank skidded 69 cents in closing at $72.50, with 14,379 stocks clearing the market, Trinidad & Tobago NGL remained at $13 with a transfer of 6,414 units, Unilever Caribbean ended at $11.90 after exchanging 2,750 stock units and West Indian Tobacco fell 40 cents and ended at a 52 weeks’ low of $10.10 with an exchange of 129 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit surges 74% at Scotia Group
Scotia Group generated a huge 74 percent jump in net profit to $12.8 billion for the nine months to July 2023 over $7.3 billion in 2022. Profits for the quarter rose a much more subdued 40 percent to $5.16 billion and is up strongly from $3.68 billion in 2022 as well as form profit $4.2 billion in this year’s April quarter.
Earnings per share for the July quarter was a strong $1.66, up from $1.18 in July 2022 and $4.11 for the nine months to July this year and puts the group on track to generate income close to $6 per share for the fiscal year end in October 2023. ICinsider.com is forecasting $5.50 in earnings for the current fiscal year.
Loans grew by $40.5 billion or a solid 18.5 percent compared to July 2022, with loans net of allowances for credit losses increasing to $259.6 billion. “Our core loan book continues to perform well with mortgages increasing year over year by 29 percent, consumer loans by 10 percent and commercial loans by 20 percent,” the group informed investors in their commentary on the results.
Audrey Tugwell Henry Scotia Group’s CEO
Total revenues excluding expected credit losses for the nine months to July, grew by $10 billion to $41.5 billion reflecting an increase of 31.5 percent over the comparative prior year period. “This was primarily driven by an increase in net interest income of $7.1 billion stemming from the strong growth in our loan portfolio, higher insurance revenue as well as higher fee and commission income earned given the significant increase in transaction volumes” the directors informed shareholders in their commentary on the financial performance.
The directors hiked the dividend to 40 cents per stock unit, payable on October 19, to stockholders up from 35 cents per stock unit last paid.
ICInsider.com is accordingly placing an ICBuyRated seal of approval on the stock, which is one of ICInsider.com TOP10 Buy Rated list of stocks. Investors have hardly noticed this performance with the share price falling from $33.44 in the morning session to $33 mid morning with trading in just over 54,000 shares with the stock trading at 5.5 times earnings currently, compared with an average of 12.2 for the overall Main Market, with a huge upside potential for growth for the next 12 months or so.
