Trinidad stocks trade after Carnival

February 14, 2018 by

Trading resumed on the TTSE on Wednesday after braking for the Carnival celebration.

Market activity resumed on the Trinidad & Tobago Stock Exchange on Wednesday after closing for the Carnival celebration break, with trading in 18 securities, compared to 19 on Friday.
The market ended with, with 3 stocks advancing, 4 declining and 11 remaining unchanged leading to declines in all three market indices.
At close the Composite Index gained 0.14 points on Wednesday to 1,268.63, the All T&T Index rose 0.25 points to 1,702.09 while Cross Listed Index remained unchanged at 112.69.
Market activity ended with 107,817 shares with a value of $2,343,695, traded, compared to 211,761 shares with a value of $2,131,516 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Agostini’s concluded trading with a gain of 10 cents to aa a 52 weeks ‘ high of $20.86, with 3,330 shares changing hands, NCB Financial Group gained 10 cents and finished at $6.60, trading 3,000 shares and Scotiabank advanced by 12 to end at $61.63, with 500 stock units changing hands.
Losses| National Enterprises lost 2 cents and concluded trading at a 52 weeks’ low of $9.65, with 250 units, LJ Williams B share closed with a fall of 1 cent at 76 cents, trading 35,000 shares, Sagicor Financial closing at $7.88 after slipping by 1 cent, with 27,774 units and Unilever Caribbean losing 9 cents to finish at $28.90, trading 50 shares.
Firm Traded| Angostura Holdings ended trading at $15.67, with 20,094 stock units changing hands, and Clico Investments concluded trading at $20 with 15,160 units, First Citizens concluded trading at $32.10, trading with 1,861 shares. Grace Kennedy ended trading at $3.40, with 46,868 units. Guardian Holdings to finish at $17 trading 100 shares. JMMB Group fell 5 cents to $1.80 with 19,348 stock units changing hands. Massy Holdings concluded trading at $47.49, with 2,866 stock units changing hands, One Caribbean Media closed trading at $12.50, with 12,918 stock units changing hands, Trinidad & Tobago NGL concluded trading at $27 with 19,606 units, Trinidad Cement finished trading 2,454 shares at $3.50 and West Indian Tobacco closed at $88.50 with 582 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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Kingston Wharves jumps $5.55 to new high

February 13, 2018 by

Kingston Wharves jumped $5.55 to a record close on Tuesday.

Kingston Wharves closed at a new record high at the close of trading on Tuesday the Jamaica Stock Exchange with the price jumping sharply by $5.55 to $42.60, with 7,763 shares changing hands, the move helped the main market indices to close by more than 1,300 points at the close.
Market activity closed with 29 securities changing hands, as the prices 8 rose 13 declined and 8 traded unchanged. The JSE All Jamaican Composite Index surged 1,439.19 points to 317,974.26 and the JSE Index jumped 1,311.26 points to 289,710.51. This was the second consecutive day with strong gains in the indices.
The number of securities trading on the main market of rose on Tuesday but the value of shares traded dropped to low levels, leading to 5,490,162 shares valued at just $27,746,053 changing hands.
In the main market activity, Barita Investments ended 94 cents higher at $8.45, with 250 stock units, Berger Paints closed with a loss of 1 cent at $18, with 39,984 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.33, with 854 units, Carreras finished at $10.95, with 320,871 shares, Caribbean Cement settled 1 cent higher at $30.02, with 4,701 shares. Ciboney Group ended trading with a loss of 1 cent at 39 cents, with 970,762 shares, Grace Kennedy traded 40 cents higher at $43, with 3,269 stock units, Jamaica Broilers finished trading 20 cents higher at $18.20, with 6,457 units, Jamaica Producers closed 10 cents higher at $15.60, with 41,029 units. Jamaica Stock Exchange ended at $6.50, with 45,523 shares, JMMB Group concluded trading with a loss of 48 cents at $24.52, with 28,228 stock units, Mayberry Investments ended trading 5 cents higher at $5.15, with 1,950 shares. NCB Financial Group traded with a loss of 95 cents at $99, with 25,065 units, 1834 Investments finished trading at $1.20, with 2,314,148 shares, PanJam Investment ended $1.85 higher at $41.85, with 3,000 units, Pulse Investments finished at $1.80, with 6,387 shares. Radio Jamaica settled at $1.05, with 523,807 shares, Sagicor Group ended trading with a loss of 50 cents at $35.50, with 31,921 stock units, Sagicor Real Estate Fund ended trading with a loss of 1 cent at $14.85, with 17,600 shares. Salada Foods traded with a loss of $1.49 at $10.51, with 200 units, Scotia Group finished trading with a loss of $1 at $52, with 71,580 shares. Seprod closed with a loss of 40 cents at $29.60, with 195 shares, Sterling Investments ended at $9, with 4,750 shares, Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 5,795 stock units, Victoria Mutual Investments finished trading at $4.15, with 160,956 units. Wisynco Group settled at $10.75, with 802,550 shares and in the main market preference segment, JMMB Group 7.5% lost 1 cent to close at $1.03 with 567 shares and Proven Investments settled with a loss of 85 cents at $5.05, with 50,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Tuesday.”

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JSE in big rise again – Tuesday

February 13, 2018 by

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index climbing 1,439.19 points to 317,974.26 and the JSE Index advancing by 1,311.26 points to 289,710.51.
Tuesday was the second consecutive day with gains of more than 1,300 in the market indices. The number of securities trading, rose above that on Monday, but the value traded fell sharply. Main market activity ended with 5,490,162 shares valued at a mere $27,746,053 changing hands, in contrast to 6,473,345 shares valued at $82,423,988 trading on Monday.
Main and US market activities ended with moderate trading levels, leading to prices of 8 securities rising, 14 falling, 9 trading firm as 31 securities changed hands, including 2 from the US market versus 27 that traded on Monday.
The major contributors to the total volume in the market include Ciboney with over 970,000 units, 1834 Investments trading over 2.3 million units, Radio Jamaica with more than 520,000 units and Wisynco with just over 800,000 units. Kingston Wharves jumped $5.55 to a new record high of $42.60, Barita Investments rose 94 cents to end at $8.45, while PanJam Investment rose $1.85 to $41.85, but NCB Financial lost 95 cents to close at $99, Salada Foods fell $1.49 to $10.51 and Scotia Group lost $1 to end at $52.
The US market closed with Margaritaville concluded trading at 22 US cents with 2,835 shares and Proven Investments fell 1.95 cents in exchanging 4,474 ordinary shares, to close at 21 US cents. The market closed with 132,964 shares trading with a value of US$27,986 and the JSE US Equities Index falling 8.95 points to close at 165.23.
Market activity ended with an average of 189,316 shares valued at $956,760, in contrast to 258,934 shares valued at $3,296,960 on Monday. The average volume and value for the month to date amounts to 182,709 units valued at $3,152,487 and previously, 181,904 units valued at $3,455,707. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.

For more details of market activities see – Kingston Wharves jumps $5.55 to new high

.

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Knutsford Express trades 10M shares drops $3

February 13, 2018 by

Knutsford Express traded just over 10 million shares on Tuesday.

Trading on the Junior Market of the Jamaica Stock Exchange on Tuesday had a big jump in the volume and value of shares as Knutsford Express exchanged 10 million shares and dropping $3 in pushing total for the market to 11,208,712 units valued at $124,643,001.
The market closed with 18 securities changing hands, compared to on Monday also with 18 securities trading leading to 1,064,473 units valued at $4,105,299 securities changing hands.
The Junior Market Index declined by 26.14 points to close at 2,900.39 with the prices of 7 securities rising, 8 declining and 3 remaining unchanged.
Trading resulted in an average of 622,706 units for an average of $6,924,611 trading, in contrast to 59,137 units for an average of $228,072 on Monday. An average of 197,679 units at an average value of $1,737,294 traded, and previously 152,676 units at an average value of $1,188,048. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed at $45.01, with 2,000 shares, AMG Packaging climbed 45 cents and closed at $2.50, with 875,948 stock units trading, Cargo Handlers settled 40 cents higher at $10.90, with 700 shares, Caribbean Cream ended trading with a loss of 50 cents at $5.20, with 1,500 shares, Caribbean Producers finished trading with a loss of 3 cents at $4.47, with 8,000 units. Dolphin Cove finished 50 cents higher at $17, with 25,000 stock units, Express Catering ended trading with a loss of 8 cents at $4.60, with 5,085 shares, FosRich Group traded 25 cents higher at $2.55, with 11,023 shares, General Accident finished trading with a loss of 7 cents at $2.80, with 2,000 shares. Knutsford Express closed with a loss of $3 at $12, with 10,074,564 shares, Lasco Distributors ended at $4.50, with 4,610 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.10, with 102,601 stock units, Lasco Manufacturing finished 33 cents higher at $4.50, with 18,431 units. Main Event settled 39 cents higher at $6.10, with 23,985 shares, Paramount Trading traded at $3.10, with 20,000 shares, Stationery and Office finished trading with a loss of 31 cents at $4.50, with 4,000 stock units and tTech ended at $6, with 28,965 shares. In the junior market preference segment, Eppley 9.5% concluded trading with a loss of 9 cents at $7.80, with a mere 300 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: , , , , , , , , , , , , , , , , , , , , ,

Solid buy – Stationery and Office Supplies

February 13, 2018 by

Stationary and Office Supplies – Montego Bay offices.

Stationery and Office Supplies stock is under pressure, having traded around the $5 level for some time, dropped to $4 in trading during last week with minimal demand for the stock currently.
But investors should probably be taking a different approach to the stock and piling into it for a big rally down the road as the fundamentals are strong and getting better.
Revenues climbed 23.7 percent in the June quarter to $212 million and 22 percent to $432 million for the half year, by the September quarter the growth climbed to 37 percent to $233 million, pushing revenues for the year to September to an increase of 27 percent to $665 million. Based on the bounce in revenues that some companies received after listing, the strong growth in revenues seen in the third quarter is said to have continued for the December quarter. Full year results are expected, by the first week in March and should be in the range of $100 million based on IC Insider.com projections. Reports are that the full year results for 2017 exceeded expectations which was around $70 million at the time the IPO was offered and adjusted internally upwards based on third quarter results. At the end of September profit before tax reached $69 million well ahead of the $48 million recorded at the same time in 2016 and vastly more than the $53 million reported for all of 2016. The 2017 results are not likely to show any weakness as occurred in 2016.
SOS had acquired a building which was converted to a warehouse to allow for expansion of It’s offerings, this is now in use with some 6,000 square feet occupied. According to reports there are “lots of plans and expectations going forward for good business growth”. IC Indsider.com gathers that the December quarter that is normally the worse quarter for them due to the holidays, but the 2017 last quarter was the best quarter in the company’s history.
IC Insider.com projects earnings before tax at 50 cents per share for 2017 based on the average number of shares issued for the year, up from 40 cents when the shares were offered for sale and 75 cents for 2018 based on projection for continued strong growth in revenues.
At a last traded price of $4.50 on the Junior Market of the Jamaica Stock Exchange, the stock remains a buy as it will benefit from strong growth in 2017 and future growth in 2018 and beyond. Investors should take advantage of the current softness in the stock price and wait for the inevitable strong gains ahead.

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

Junior Market up in modest trading

February 12, 2018 by

In a moderate trading on Monday, the Junior Market closed with a modest rise in the Index of 25.47 points to close at 2,926.53 with just 18 securities changing hands versus 22 on Friday.
At the close of market activities, the prices of 6 securities advanced, 8 declined and 4 remained unchanged. Trading resulted in an exchange of 1,064,473 units valued at $4,105,299 compared to 1,088,888 units valued at $5,102,530 on Friday.
Trading ended with an average of 59,137 units for an average of $228,072 in contrast to 49,495 units for an average of $231,933 on Friday. An average of 152,676 units at an average value of $1,188,048 traded, and previously 163,753 units at an average value of $1,301,730. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed at $45.01, with 8,000 shares, AMG Packaging closed 5 cents higher at $2.05, with 16,500 shares, Cargo Handlers finished at $10.50, with 2,300 shares, Caribbean Cream settled at $5.70, with 28,113 shares, Caribbean Producers traded with a loss of 10 cents at $4.50, exchanging 82,670 stock units, Consolidated Bakeries finished trading with a loss of 22 cents at $1.78, with 2,014 units. Express Catering settled at $4.68, with 13,733 stock units, FosRich Group traded 552,833 shares and lost 40 cents to close at $2.30, the lowest price since it listed but still above the IPO price of $2. General Accident traded 2 cents higher at $2.87, with 105,000 shares, Honey Bun closed 28 cents higher at $5.40, with 28,319 stock units. ISP Finance concluded trading with a loss of $2.08 at $10, with 24,312 shares, Jamaican Teas finished with a loss of 5 cents at $4.60, with 1,240 shares, Knutsford Express finished trading 49 cents higher at $15, with 1,000 shares, Lasco Distributors closed with a loss of 45 cents at $4.50, with 28,886 shares. Lasco Financial ended 1 cent higher at $5.20, with 31,570 shares, Lasco Manufacturing concluded trading with a loss of 23 cents at $4.17, with 130,459 stock units, Paramount Trading ended trading at $3.10, with 1,024 shares and tTech closed 60 cents higher at $6, with 6,500 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: , , , , , , , , , , , , , , , , , , , , , ,

Cement drops $3.04 Scotia up $3 – Monday

February 12, 2018 by

Scotia Group head quarters in Kingston.

A $3 jump in the price of Scotia Group and $1 rise in Sagicor Group helped to move the Main Market of the Jamaica Stock Exchange up strongly on Monday.
The upper pressure on the market indices was eased by declines $3.04 in the price of Caribbean Cement, after the company posted profit that was lower than in 2016, Jamaica Broilers and PanJam Investment that both fell $1. At the close the JSE All Jamaican Composite Index jumped 1,933.56 points to 316,535.07 and the JSE Index climbed by 1,761.69 points to 288,399.25.
1834 Investments traded 1 million units and Pulse Investments with 919,864 units to lead the volume traded.
Main and US market activities ended with moderate trading levels leading to prices of 9 securities rising, 8 falling, 10 trading firm as 27 securities changed hands, including 2 from the US market versus 28 that traded on Friday. Main market activity ended with 6,473,345 shares valued at $82,423,988 changing hands, in contrast to 5,977,622 shares valued at $168,448,904 trading on Friday.
The US market closed with Proven Investments exchanging 4,474 ordinary shares, at 22.95 US cents, and Sterling Investments trading 3,150 shares finishing at 12 US cents. The market closed with a value of US$723 leading to the JSE US Equities Index rising just 0.09 points to close at 174.18.
Market activity ended with an average of 258,934 shares valued at $3,296,960, in contrast to 221,393 shares valued at $6,238,848 on Friday. The average volume and value for the month to date amounts to 181,904 units valued at $3,455,707 and previously, 172,863 units valued at $3,477,159. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – JSE majors jump – Monday.

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JSE majors jump – Monday

February 12, 2018 by

Scotia Group price jumped by $3 on Monday.

Sharp price changes on the main market of the Jamaica Stock Exchange results in a rise in the market on Monday, leading to strong gains in the market indices as 7,713,887 shares valued at $88,768,495 changed hands.
Market activity closed with 25 securities changing hands, as the prices 9 rose 8 declined and 8 traded unchanged, as the JSE All Jamaican Composite Index surged 1,933.56 points to 316,535.07 and the JSE Index jumped 1,761.69 points to 288,399.25.
In the main market activity, Berger Paints closed at $18.01, with 12,000 shares, Cable & Wireless concluded trading 1 cent higher at $1.36, with 129,445 units, Carreras finished with a loss of 5 cents at $10.95, with 612,057 shares, Caribbean Cement settled with a loss of 3.04 cents at $30.01, with 176,750 shares, Ciboney Group ended trading at 40 cents, with 385,564 shares. Grace Kennedy traded with a loss of 5 cents at $42.60, with 120,827 stock units, Jamaica Broilers finished trading with a loss of 1 cent at $18, with 709,823 units, Jamaica Producers closed at $15.50, with 11,000 shares, JMMB Group concluded trading at $25, with 10,942 shares. Mayberry Investments ended trading 29 cents higher at $5.10, with 4,963 shares, NCB Financial Group traded $99.95 higher at $99.95, with 120,086 shares, 1834 Investments finished trading with a loss of 3 cents at $1.20, with 1,010,000 shares, PanJam Investment ended with a loss of 1.85 cents at $40, with 100 units. Portland JSX concluded trading 50 cents higher at $10, with 1,500 shares, Pulse Investments finished at $1.80, with 919,864 shares, Radio Jamaica settled at $1.05, with 8,710 shares, Sagicor Group ended trading $1 higher at $36, with 52,052 stock units. Scotia Group finished trading $3 higher at $53, with 440,646 shares, Seprod closed 20 cents higher at $30, with 8,668 shares, Supreme Ventures concluded trading 1 cent higher at $12, with 207,425 stock units, Victoria Mutual Investments finished with a loss of 18 cents at $4.15, with 578,368 units. Wisynco Group settled 15 cents higher at $10.75, with 339,550 shares and Sagicor Real Estate Fund ended trading with a loss of 14 cents at $14.86, with 75,555 shares. In the main market preference segment, Jamaica Money Market traded at $1.95, with 490,528 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Cement drops $3.04 Scotia up $3 – Monday.”

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Cargo Handlers Q1 profit falls

February 10, 2018 by

Overvalued Cargo Handlers.

Montego Bay’s based, Cargo Handlers suffered a 13 percent dip in profit, for the December quarter to $40 million from $46.2 million in 2016 from flat operating revenues of $86.57 million compared to $86.99 million in 2016 and resulted in earning per share 11 cents.
Gross profit margin declined in the quarter to 59 percent from 61 percent in the 2016, as wages increased ahead of income, leading to Other Operating Expenses rising 7 percent to $35.75 million. Other income fell 84 percent to $544,786 from $3.42 million and interest income declined by 36 percent to $470,000. Revaluation of the Jamaican dollar would have had a negative impact on other income. Administrative expenses rose 20 percent to $5.4 million and finance cost climbed by 35 percent, to $336,038. Taxation payable on the profit fell from $6.66 million in 2016 to $5.76 million.
Gross cash flow, brought in $58 million but increased working capital needs reduced cash inflows to $27 million and raising cash funds to $272 million.
At the end of December, shareholders’ equity stands at $390 million with borrowings at just $0.9 million. Net current assets ended the period at $331 million well above payables of just $17 million.
The stock that traded at a high of $30 in early 2017, last traded at $10.50 on the Junior Market of the Jamaica Stock Exchange, with a PE ratio of 21 times IC Insider.com projected earnings of 50 cents for 2018. The average PE for the market is now 10, suggesting that Cargo Handlers stock price could slip back or remain around the present level for a prolonged period.

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

12 stocks rose 12 fell in JSE trading – Friday

February 9, 2018 by

The prices of 12 stocks securities trading on the main market of the Jamaica Stock Exchange rose on Friday leading to strong gains in the market indices, with 7,713,887 shares valued at $88,768,495 changing hands at the close.
Market activity closed with 27 securities changing hands, as the prices 12 declined and 3 traded unchanged, as the JSE All Jamaican Composite Index declined 1,081.34 points to 314,601.51 and the JSE Index lost 985.23 points to 286,637.56.
In the main market activity, Berger Paints closed 1 cent higher at $18.01, with 41,028 shares, Cable & Wireless concluded trading 3 cents higher at $1.35, with 41,397 units, Carreras finished 10 cents higher at $11, with 233,446 shares, Caribbean Cement fell of 95 cents t0 $33.05, with 24,235 shares, Ciboney Group ended trading at $0.40, with 364,871 shares. Grace Kennedy traded with a loss of 35 cents at $42.65, with 9,176 stock units, Jamaica Broilers finished trading $1 higher at $19, with 196,391 units, Jamaica Producers declined by $2.50 at $15.50, with 15,000 shares, Jamaica Stock Exchange rose 1 cent to $6.50, with 204,800 shares. JMMB Group concluded trading with a loss of 1 cent at $25, with 6,005 shares, Kingston Wharves settled 55 cents higher at a 52 weeks’ high of $37.05, with 9,600 units, Mayberry Investments ended trading with a loss of $1.08 at $4.81, with 220,225 shares, NCB Financial Group declined by 45 cents and ended at $99.55, with 1,249,021 shares trading, 1834 Investments traded with a loss of 16 cents at $1.23, with 3,850 shares. PanJam Investment closed $2.35 higher at $41.85, with 2,070 stock units, Pulse Investments concluded trading at $1.80, with 17,900 shares, Radio Jamaica finished with a loss of 1 cent at $1.05, with 550,640 shares, Sagicor Group settled at $35, with 33,150 shares. Sagicor Real Estate Fund settled 35 cents higher at $15, with 22,618 shares, Salada Foods ended trading 80 cents higher at $12, with 300 stock units, Scotia Group traded with a loss of $1 at $50, with 330,717 units, Seprod finished trading with a loss of 20 cents at $29.80, with 14,946 shares, Sterling Investments closed with a loss of 10 cents at a 52 weeks’ low of $9, with 131,823 shares. Supreme Ventures ended 29 cents higher at $11.99, with 30,479 shares, Victoria Mutual Investments concluded trading with a loss of 7 cents at $4.33, with 221,578 stock units and Wisynco Group finished 15 cents higher at $10.60, with 741,658 units. In the main market preference segment, Jamaica Money Market 7.5% traded 5 cents higher at $1.95, with 1,260,698 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market falls on Friday.”

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