Blue Power stock split to be considered by the directors.
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.
At the close of market activity 6,395,222 units valued at $50,487,361 traded compared to 3,061,341 units valued at over $40,934,808 changed hands, on Monday.
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.
May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
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.
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. 
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.
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.
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. 
Losses| Prestige Holdings lost 14 cents and ended at $10.01, exchanging 8,273 units.
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.
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.
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. 
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.
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. 
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.
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. 
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.
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.
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.
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.