Big fall for Junior Market  – Tuesday

November 27, 2018 by

Key Insurance in another big trade.

Trading on the Junior Market of the Jamaica Stock Exchange closed on Tuesday with 22 securities changing hands, resulting in an exchange of 11,662,775 units valued at $43,945,611 as Key Insurance traded 9.5 million units. On Monday just 843,267 units valued at $2,847,021 traded from 26 securities.
At the close of market activities, the prices of 4 securities advanced, 11 declined and 7 remained unchanged leading the Junior Market Index to dive 82.86 points to close at 3,187.17.
Trading ended with an average of 530,126 units for an average of $1,997,528 in contrast to 32,433 units for an average of $109,501 on Monday. The average volume and value for the month to date amounts to units 195,380 units valued at $677,394 and previously 177,719 units valued at $607,746. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with lower offers.
 At the close of the market, Access Financial closed with a loss of $2.50 at $49.50, with 81,323 shares changing hands, AMG Packaging ended at $1.89, with an exchange of 2,100 stock units, Blue Power concluded trading of 807 units and rose 45 cents to $5.45, Caribbean Producers finished trading with a loss of 9 cents at $5.40, with 500 units, Derrimon Trading ended with a loss of 10 cents at $2.85, with 183,100 shares changing hands. Elite Diagnostic finished 5 cents higher at $3.05, trading 70,455 stock units, Eppley settled at $9.10, with an exchange of 298 units, Everything Fresh traded 368,432 shares after falling 10 cents and closed at an all-time low of $1.50, Express Catering ended trading of 48,905 shares, with a loss of 50 cents at $8, FosRich Group traded 54,955 shares and rose 10 cents to close at $4. General Accident finished trading of 13,917 shares with a loss of 2 cents at $3.50, Indies Pharma traded 68,298 shares in closing at $3, Jamaican Teas settled at $4, trading 1,294 shares, Jetcon Corporation ended trading with a loss of 4 cents at $3.75, with 26,843 stock units changing hands, Key Insurance traded 9,535,317 units with a loss of 55 cents to end at $3.45. Lasco Distributors ended at $3.80, with 1,016,500 shares changing hands, Lasco Financial concluded trading with an exchange of 87,215 stock units after falling 40 cents to $4.85, Lasco Manufacturing finished trading 58,277 units at $3.50, Main Event settled 10 cents higher at $6.10, with an exchange of 7,226 shares. Paramount Trading dropped 82 cents to end at $2.15, with 25,000 shares trading, SSL Venture Capital traded 9,823 shares to end at $1.80 and Stationery and Office finished trading of 2,190 stock units with a loss of 8 cents to close at $9.40.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

TTSE remains steady – Tuesday

November 27, 2018 by

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 14 securities against 18 on Monday, with 2 advancing, 3 declining and 9 remaining unchanged.
At close of the market the Composite Index declined by 1.26 points to 1,243.93. The All T&T Index rose 0.84 points to 1,688.23, while the Cross Listed Index shed 0.23 points to close at 107.72.
Trading ended with, 643,204 shares at a value of $9,643,583 compared to 381,532 shares at a value of $3,382,468.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids lower than their last selling prices and 1 with a lower offer.
Stocks closing with gains| Angostura Holdings closed with a gain of 4 cents at $15.79, with 66,494 shares changing hands and Clico Investments gained 5 cents to end at $20.20, with an exchange of 338,179 stock units.
Stocks closing with losses| JMMB Group fell 5 cents to $1.70, after exchanging 137,757 shares, Prestige Holdings closed with a loss of 15 cents and completed trading of 14,500 units, at $7.35 and Trinidad & Tobago NGL shed 1 cent and settled at $29.30, after exchanging 1,700 shares.
Stocks trading with no price change| First Caribbean International Bank completed trading 1,000 units at $8, First Citizens settled at $32.75, after exchanging 2,275 shares, Guardian Holdings completed trading of 47,469 units at $18, Massy Holdings closed at $45.55, after exchanging 17 shares, National Enterprises ended at $7.50, with 1,000 stock units changing hands, National Flour completed trading at $1.68, with 28,323 units, One Caribbean Media ended at $11, after exchanging 1,000 shares, Republic Financial Holdings concluded market activity at $107.27, after exchanging 3,220 shares and West Indian Tobacco completed trading of 270 units at $94.50.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Record gains for JSE

November 27, 2018 by

The main market of the Jamaica Stock Exchange, gained the most, in its history, with a rise of 10,574.31 points on the All Jamaica Index, to close at 407,482.62 on Tuesday.

The day’s move bettered the previous best gain in a day of 9,823.00 points on October 1, 2018, when the index closed at 403,100.29 on October 5 and bettered the next highest one day index gain with a rise of 9,736.35 points, to end at 416,956.11 on January 27, 2017.

The main market was being driven by gains in NCB Financial, Scotia Group and Sagicor Group, with the latter two responding to news out of Scotia in Canada of sale of the life insurance arm to Sagicor Financial.

During today’s trading, the market clocked more than 12,000 points at one stage. The junior market did not enjoy the gains of the main market and dropped 82.66 points to close at 3,187.17.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , ,

Where is NCB heading $150 or $165?

November 27, 2018 by

NCB Financial has been scaling record highs after record and closed on the Jamaica Stock Exchange at $139.99 on Monday as well as a new record high close on the Trinidad and Tobago Stock exchange.
The chart shows the stock moving side ways from November last year after reaching $110, until June this year before it started its climb. The move higher was spurred by record profit for 2018 and later by the announcement that they would be going after another 22 percent of Guardian Holdings’ shares. Last week directors and executives bought $650 million of NCB shares which including the sale of a lesser amount by one insider.
The chart shows short term resistance at $150 with the trendline going back to 2015, there after if and when it breaks the $150 level, then it should move on to $165. Going forward, with pick up in growth in Jamaica’s economy, NCB should have good long-term prospects of growth, ahead of it. The company should earn around $12.50 for the 2019 fiscal year and that should put the price at $190 or more in 2019.
Since July 13 last year NCB has gained 48 percent in rising from $94.50 to Monday’s close of $139.99 on the Jamaica Stock Exchange.

Filed Under: Company News Tagged With: , , ,

Record $140 for NCB on JSE – Monday

November 26, 2018 by

NCB investors are having a great 2018 with the stock trading at record levels.

NCB Financial Group ended at a new record close of $139.99 after trading at $140 after trading 2.85 million shares that accounted for 41 percent of the day’s volume on the Jamaica Stock Exchange on Monday.
The main market lost flight with the All Jamaica Composite Index declining 2,474.72 points to 396,908.15, while the JSE Index dropped 2,254.75 points to close at 361,628.23. Market activity closed with 2 securities ending at record highs and one at a 52 weeks’ low as 31 securities in the main and US dollar markets trading, compared to a same number on Friday. At the end prices of 12 stocks rose, 11 declined and 8 remained unchanged.
The main market ended with 6,956,000 units valued at $513,002,473 changing hands, compared with 37,219,908 units valued at $266,712,510 exchanged, on Friday.
The main market ended with NCB Financial leading with 2,849,956 units, followed by Kingston Wharves with 1,169,281 units or 16.8 percent of the day’s volume and 1834 Investments with 629,240 units or just 9 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 1 closing with a lower offer.
Trading resulted in an average of 239,862 units valued at over $17,689,740, in contrast to 1,283,445 shares valued at $9,196,983 on Friday. The average volume and value for the month to date, amounts to 324,693 valued at $7,138,202, compared to 329,574 valued at $6,496,704. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1 to close at record $21, with 254,431 shares trading, Caribbean Cement gained $3 to close at $48 in trading 15,885 shares, Grace Kennedy gained $1 in trading of 59,338 shares at $56, Jamaica Broilers lost $1.15, trading 32,172 stock units at $28.50, Jamaica Stock Exchange declined 54 cents to close at $9.41, trading of 9,469 shares, JMMB Group fell $1 to $33, with an exchange of 52,392 shares, Jamaica Producers gained 49 cents and finished trading of 21,734 units at $24.50, Kingston Wharves dropped $3 to finish at $75, with 1,169,281 stock units changing hands, Mayberry Jamaica Equities rose $1.20 trading 126,123 shares in closing at $9.70, NCB Financial Group jumped $3.49 to end trading  at record close of $139.99 with 2,849,956 shares, 138 Student Living traded 125,595 shares and declined by 14 cents to end a 52 weeks’ low of $3.35, PanJam Investment jumped $3.15 to $64, with an exchange of 63,718 stock units, Sagicor Group rose $1 and finished trading at $40, with 8,157 shares, Seprod added $1.73 trading of 63,529 shares, to close at $31.75 and Supreme Ventures gained 99 cents to end at $16.99, with an exchange of 30,541 shares.

Trading in the US dollar market amounted to 483,208 units valued at $94,621 as Margaritaville with 10,800 units to close at 25 US cents and Proven Investments ended trading of 472,408 shares at 19 U$ cents. The JSE USD Equities Index closed with a rise of 1.47 at 161.34.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gains for Junior Market

November 26, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange reverted to more normal levels on Monday, with 26 securities changing hands, resulting in an exchange of 843,267 units valued at $2,847,021, compared to 37,359,775 units valued at $87,094,646 from 23 securities trading on Friday.
At the close of market activities, the prices of 9 securities advanced, 8 declined and 9 remained unchanged. The Junior Market Index advanced by 35.07 points to close at 3,270.03.
Trading ended with an average of 32,433 units for an average of $109,501 in contrast to 1,624,338 units for an average of $3,786,724 on Friday. The average volume and value for the month to date amounts to units 177,719 units valued at $607,746 and previously 187,380 units valued at $640,878. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
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 10 with lower offers.
At the close of the market, CAC 2000 finished 90 cents higher at $16.90, with 30,179 shares changing hands, Cargo Handlers settled with a loss of 10 cents at $12.90, trading 500 shares, Caribbean Cream ended trading 1,430 shares with a loss of 50 cents to close at $5.50, Caribbean Producers finished trading with a loss of 1 cent at $5.49, with an exchange of 29,676 units, Consolidated Bakeries closed with a loss of 15 cents at $2.15, with 550 shares changing hands. Dolphin Cove concluded trading at $16, with 3,000 shares, Elite Diagnostic finished at $3, trading 40,896 stock units, Eppley settled 5 cents higher at $9.10, with an exchange of 103 units, Everything Fresh traded 402,623 shares after falling 10 cents and closed at $1.60, Express Catering ended trading 55 cents higher at $8.50, with 32,300 shares changing hands. FosRich Group traded 100,618 shares, at $3.90, General Accident finished trading 50 cents higher at $3.52, with an exchange of 59,500 shares, GWest Corporation closed with a loss of 20 cents at $1.70, with 16,311 stock units changing hands, Honey Bun ended with a loss of 15 cents at $4, trading 100 units. Indies Pharma traded 70,958 shares in closing at $3, Jamaican Teas settled at $4, with 10,197 shares changing hands, Jetcon Corporation ended trading 11,100 stock units, at $3.79, Key Insurance traded 75 cents higher at $4, as 1,237 units changed hands, Knutsford Express closed at $11.50, with 500 shares changing hands. Lasco Distributors ended at $3.80, with an exchange of 4,500 shares, Lasco Financial concluded trading with 200 stock units and rose 15 cents higher to end at $5.25, Lasco Manufacturing finished 25 cents higher at $3.50, swapping 18,439 units, Main Event gained 10 cents to end at $6, with 750 shares changing hands. Medical Disposables ended trading with 2,600 shares at $6.20, SSL Venture Capital traded 3,500 shares and gained 1 cent to end at $1.80 and Stationery and Office finished trading with a loss of 52 cents at $9.48, with 1,500 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

 

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Record high for NCB Financial

November 26, 2018 by

NCB Financial closed at record high on botth the TTSE & JSE on Monday.

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 18 securities against 20 on Friday, with 3 advancing, 8 declining and 7 remaining unchanged with NCB Financial hitting a record high of $7.
At close of the market the Composite Index declined by 2.90 points on Monday to 1,245.19. The All T&T Index lost 6.23 points to 1,689.07, while the Cross Listed Index rose 0.07 points to close at 107.95. Trading ended with 381,532 shares at a value of $3,382,468, compared to 221,886 shares at a value of $3,379,494.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gains| Clico Investments gained 5 cents and settled at $20.15, with 2,403 stock units changing hands, NCB Financial Group finished trading with a gain of 1 cent and ended at record $7, after exchanging 89,271 shares and Point Lisas rose 8 cents to settle at $3.70, with 9,670 stock units changing hands.
Stocks closing with losses|  Agostini’s fell 40 cents and completed trading at $23, after exchanging 1,000 shares, Massy Holdings closed with a loss of 45 cents and completed trading at $45.55, after exchanging 3,482 shares, National Enterprises shed 30 cents and settled at 52 weeks’ low of $7.50, with 8,900 stock units changing hands, One Caribbean Media lost 25 cents and completed trading at $11, after exchanging 11,994 shares, Sagicor Financial declined by 25 cents to settle at $7, with 6,969 stock units changing hands, Scotiabank concluded trading with a loss of 25 cents at $64.25, with 703 units changing hands, Trinidad & Tobago NGL traded 13,383 shares and lost 9 cents and ended at $29.31 and West Indian Tobacco shares fell 50 cents and concluded trading of 58 units at $94.50.
Stocks trading with no price change| Ansa Mcal ended with 123 units changing hands at $55, First Caribbean International Bank closed trading of 75,000 units at $8, Guardian Holdings concluded market activity at $18, with 51,830 units changing hands, JMMB Group completed trading at $1.75, after exchanging 101,456 shares, National Flour concluded trading at $1.68, with 400 units, Prestige Holdings closed trading with 2,000 shares at $7.50 and Unilever Caribbean settled at $23, with 2,890 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , ,

4 new entrants in IC Top 10

November 26, 2018 by

Seprod shares now trades at $32 each.

There are three changes to the TOP 10 main market list and one Junior Market stock. Increased prices during the week, pushed out Access Financial, Salada Foods, Stanley Motta and Scotia Group.
Medical Disposables returns to the TOP 10 Junior Market list with the price at $6.20, down from $7.50 the previous week, as it pushed out Access that rose to $52 during last week. Berger Paints and Seprod moved up modestly in price but that was not sufficient to prevent them from returning to the TOP, with other stocks rising in price during the week. Palace Amusement also returned to the TOP 10 main market list.
For the nine months to September, Seprod generated $15.50 billion in revenues, an increase of $3.36 billion or 28 percent over the similar period in 2017. Net profit for the period was $970 million, an increase of $387 million or 66 percent over 2017. Earnings per share came out at $2.03 with the third quarter rising to 85 cents from 38 cents in 2017. For the full year earnings could hit $3 per share. That should put the stock back in the $40 range before too long.
Berger Paints profit for the nine months to September was below expectations, with $9 million profit in the third quarter versus $54 million in 2017 and $43 million for the nine months to September, down sharply from $143 million in 2017. The company now enters the busiest period of the year when the bulk of income and profits are made. Last year company was closed for sales for several days for stock taking in December, resulting in lost sales and profit. The company should not suffer the same fate this year as the new owners would be aware of the problem and work at preventing same. That should result in better sales and profit than in the 2017 final quarter. In the final quarter of 2016 pretax profit was $233 million compared to just $67 million for the similar period in 2017, when the disruptions occurred.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.5.
The PE ratio for Junior Market Top 10 stocks average 9 and the main market PE is now 9.3.
The TOP 10 stocks now trade at an average discount of 42 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. The main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based 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.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , ,

Profit jumps 40% at Caribbean Flavours

November 26, 2018 by

Caribbean Flavours traded on the Junior Market at $20.

Profit at Caribbean Flavours climbed 40 percent in the quarter to September this year to $25 million from a rise of 21 percent in sales to $120 million, up from $100 million in 2017 and an increase of 137 percent in other revenues to $5 million.
Improvement in profit margin in the in the quarter to 37 percent from 36 percent in the 2017 is also a contributing factor in the improved profit. The effect, gross operating profit rose 23 percent in the quarter to $45 million from $36 million.
Other operating and administrative expenses rose 22 percent to $24 million from $19.4 million in 2017.
Earnings per share came out at 28 cents, for the 2018 fiscal year earnings per share was 97 cents. The company should end the fiscal year to June 2019 around $1.50.
Growth in profit has not been always robust even though it has been positive. Profit before Taxation grew a mere 1.59 percent in 2014, 12.75 percent in 2015, a more respectful 28.34 percent in 2016, a reduced rate of 11.89 percent in 2017 and even less growth of 5.22 percent in 2018.
“The company expects that there will be improvement in our performance in the next period as we

Caribbean Flavours’ produce inputs.

expect sales of Flarorfit, our sugar reduction solution to gain traction,” Chairman of the board Howard Mitchell, stated in his report accompanying the quarterly.
Gross cash flow brought in $26 million. Addition to fixed assets used up $3.5 million and $19 million was used to pay dividends. Cash and invested funds amount to $220 million. At the end of the quarter, shareholders’ equity stands at $424 million with borrowings at just $9 million. Net current assets ended the period at $309 million well over Payables of just $30 million.
The stock traded at $20 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 13 times 2019 earnings. The stock is ripe for at least a 5 for 1 stock split, with limited supply and just 90 million units issued.

Filed Under: Company News, Company Results Tagged With: , , , , ,

NCB still stock to watch

November 26, 2018 by

NCB had a good 2018 fiscal year with strong profit gains.

NCB Financial is in the news since it released record full year results and announced a dividend of 70 cents per share at the end of the first week in November, and was followed with the announcement that the way is cleared for them to go after another 22 percent of Trinidad and Tobago based Guardian Holdings.
In the past week news came that there were big insider trades in the stock. There is increased buying interest in the stock. Where the price will be in the short term is anyone’s  guess.

The main market All Jamaica Composite index is a shade away from 400,000 points at the close of the week, is recovering from recent low of 383,883.07 points on November 7, having fallen 8 percent from the record high of 418,450.70 on October 12. The market looks poised to move higher as the main sell off might be over, but there are few stocks that seems likely to gain this week.
Technical chart shows NCB Financial heading to $155 but it traded at new high of $138 during the past week which is not very far from the target of potential resistance. Whether it goes higher during the coming days is anyone’s guess but it is worth watching with all the positive news its getting as well as increased buying.

Some of Seprod’s products.

 Seprod pulled back from the record high of $62 a few weeks ago, to sit at $30.10, now that the public offer of shares has closed with the issue oversubscribed. The stock could move higher in the days or weeks ahead. Selling from those who bought in the public offer may keep the price anchored around current price for a while before the selling subsides.

Investors should be keeping their eyes on Scotia Group. Last year they released full year results on December 7 and can be expected to release this year’s, on the 6th, investors could well anticipate them and drive the stock ahead of the release. Currently, there are no Junior Market stock that seems set to move much at this time.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , ,