Fontana senior management team
Following IC Insider.com article, pointing to errors in the Fontana prospectus issued to the public on Thursday, December 6, the company subsequently corrected the errors and uploaded the corrected prospectus on the Jamaica Stock Exchange website.
“Please note that Fontana Limited attaches hereto its unaudited financial information for the period ended 30 September 2018. This information is updated from the financial information that is presented in the prospectus of the Company dated Thursday, 6 December 2018. The effect of the update is a revision to the Statement of Cash Flows where the profit before taxation and depreciation charges were inadvertently omitted. The Company also updated a typo to the Share Price of the Company from $2 to $1.88 on page 14 of the prospectus”, the company stated in a release on the JSE website.
The directors and management advised that the pricing error arose from a change in the original planned price of $2 that to $1.88 but the price, the price stated in the body of the document was overlooked. The error in the cash flow arose from the links to the cash flow from the work sheet did not copy over the figures for profit and depreciation when the final document was completed and no one picked up the omission prior to the publication of the error.
The directors at their investors briefing on Monday also addressed the matter of the sharp jump in inventories and the increase in the company’s first quarter profit over the prior year as well as the pace at which they will commence further expansion after the opening of the Waterloo Road branch in 2019. Inventories for the Christmas season were imported earlier than in 2017 the directors stated. Apparently, the movement in the exchange rate of the Jamaica dollar played a role as well as some concerns regarding the pricing of supplies out of China. The financial controller, Judale Smith indicated that the gross profit margins are usually 36 percent but it had fallen in the 2017 first quarter as they had to source some goods at higher prices that affected the margins, as such the 2018 figures better reflect what the out turn should be like.
with bids higher than the last selling prices and 3 closing with lower offers.
with an exchange of 27,500 stock units, Portland JSX closed trading with 840,399 units after rising by 50 cents to end at $9, Sagicor Group fell 84 cents to finish trading of 142,802 shares at $40.16, Sagicor Real Estate Fund fell 50 cents to settle at $10.50, with 331,702 shares changing hands, Seprod traded 22,517 shares and dropping 35 cents to close at $31.85, Stanley motta fell 60 cents in trading 30,338 shares at $4.60, Supreme Ventures lost 99 cents and ended at $16, with 94,982 shares exchanged.
Caribbean Producers finished trading just 300 units for 9 cents higher at $5.44, Derrimon Trading rose 5 cents to $2.70, with 25,539 shares changing hands, 
29 cents to close at $3.16, Main Event settled with a loss of 50 cents at $6, in exchanging 4,329 shares, Medical Disposables ended trading with 5,063 shares at $6.40. Paramount Trading lost 43 cents to close at $2.52, with 741 shares traded, SSL Venture Capital traded 2,590 shares after gaining 1 cent to close at $1.82, Stationery and Office finished trading 30 cents higher at $8.80, with 15,270 stock units trading and 
at $20.20, with 1,669 stock units changing hands, Grace Kennedy closed at $3, with 4,000 stock units changing hands, Massy Holdings ended at $46, after exchanging 2,041 shares, One Caribbean Media concluded trading at $10.50, after exchanging 90 shares, Republic Financial Holdings closed at $107.26, after exchanging 50 shares, Scotiabank completed trading at $64.74, with 1,960 units and West Indian Tobacco completed trading of 1,043 units at $95.07.
iCreate, a fairly new company that is involved in the creative industry is at an advanced stage of planning to raise funds publicly by way of an IPO, ahead of a potential listing on the Junior Market of the Jamaica Stock Exchange.
The Jamaican stock market saw quite a bit of volatility during the past week resulting from some sharp price movement of some stocks.
displaced Jamaican Teas TOP 10 last week. In the main market TOP 10 two changes took place with Sagicor Group having fallen to $41 and JMMB Group trading at $34 replacing 
now 9.9. The top Junior market stocks are selling at a discount of 13 percent to those of the main market stocks even as the overall average PE for both markets are almost equal. This is an indication that there may be more gains to be had from these Junior Market stocks than those in the main market.
on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.
After the main market of the Jamaica Stock Exchange suffered one of its largest declines in its history, with the JSE All Jamaican Composite Index having dived 10,996.27 points on Thursday, the index plunged another 9,551.77 points on Friday to close at 412,491.83 on a day of mostly falling prices. 
Jamaica Producers finished trading of 22,814 units with a gain of 49 cents to close at $25, JMMB Group jumped $1 and ended at $34 with 1,314,699 shares changing hands, Kingston Wharves fell 70 cents to $75, with 6,800 stock units changing hands. Mayberry Investments fell 50 cents trading 1,715,395 shares in closing at $9, Mayberry Equities fell 50 cents trading only 756 shares in closing at $9.50, NCB Financial Group dived $9.10 to end trading of 108,978 shares at $149.90, PanJam Investment lost 95 cents to close at $65.05, with an exchange of 9,904 stock units, Sagicor Group fell $3 to finish trading of 1,388,644 shares at $41, Seprod traded 68,880 shares, dropping 80 cents in the process to close at $32.20 Supreme Ventures rose 99 cents and ended at $16.99, with 149,695 shares exchanged.
Trading on the Junior Market of the Jamaica Stock Exchange was modest on Friday with just 60 percent of Thursday’s volume on and just 37 percent of the value. 
units, Honey Bun ended 28 cents higher at $3.80, with 10,390 units, Indies Pharma traded 84,004 shares to close at $3.15, Iron Rock concluded trading 20 cents higher at $3.70, with 5,000 shares changing hands, Jamaican Teas settled 8 cents higher at $3.78, with an exchange of 24,862 shares. Jetcon Corporation ended trading with a loss of 8 cents at $3.32, with 10,000 stock units changing hands, Knutsford Express closed with a loss of 13 cents at $11.50 and ended trading 1,000 shares, Lasco Distributors ended with a loss of 20 cents at $3.70, and finished trading 166,901 shares, Lasco Financial concluded trading of 5,743 stock units and rose 15 cents higher to $4.15. Lasco Manufacturing finished trading 200 units at $3.45, Main Event settled at $6.50, in exchanging 17,000 shares, Medical Disposables ended trading of 50,000 shares with a loss of 10 cents at $6.40 and Stationery and Office finished trading with a loss of 45 cents at $8.50, with 8,987 stock units changing hands.
In market activity on the Trinidad & Tobago Stock Exchange on Friday ended with trading in 11 securities against 17 on Thursday, with 3 advancing, 3 declining and 5 remaining unchanged on a day when both the volume a value of trading fell below Thursday’s levels.
and Trinidad & Tobago NGL finished 8 cents higher at $29.23, exchanging 2,315 shares.
Sales at