Fontana — Page 136

Junior Market pushes higher – Monday

February 18, 2019 by IC Insider.com

Dolphin Cove closed at a 52 weeks; low on monday.

In an active trading session on the Junior Market of the Jamaica Stock Exchange pushed 12.62 points higher to close at 3,109.82 on Monday, with the prices of 11 securities rising and 7 falling.
Trading ended with 28 securities changing hands compared to 27 securities on Friday, at the close Dolphin Cove ended at a 52 weeks’ low while 10 stocks traded with no change to the closing price.
Market activities closed with an exchange of 2,108,297 units valued at $6,747,118 compared to 4,398,457 units valued at $19,730,388 on Friday.
Trading ended with an average of 75,296 units for an average of $240,969, in contrast to 162,906 units for an average of $730,755 on Friday. The average volume and value for the month to date amounts to units 288,915 valued at $744,601 and previously 309,902 valued at $794,081. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended trading of 214,203 stock units to close at $2.50, Blue Power concluded trading of 25,696 units at $5, Caribbean Cream ended with a loss of 5 cents at $5.32, in exchange of 3,600 shares, Caribbean Producers closed at $4.70, with 27,535 units changing hands. Consolidated Bakeries lost 20 cents to end at $1.80, trading 38,000 shares, Derrimon Trading ended 25 cents higher at $2.70, with 1,000 shares changing hands, Dolphin Cove concluded trading of 830 shares, with a loss of 2 cents to end at a 52 weeks’ low of $12, Everthing Fresh finished 5 cents higher at $1.85, exchanging 209,862 stock units. Elite Diagnostic settled at $3.10, with 21,750 units trading. Express Catering ended trading of 8,860 shares, at $7.50, FosRich Group ended at $4.17, with 2,394 shares changing hands, Fontana traded 659,124 shares and moved 4 cents higher to $3.99, General Accident rose 1 cent higher to $4.01, with an exchange of 15,000 stock units. GWest Corporation ended 10 cents higher at $1.55, trading 345,727 units, Honey Bun concluded trading of 503 shares and rose 30 cents to $4, Indies Pharma finished 17 cents higher at $2.97, trading 32,758 shares, Jamaican Teas traded 126,358 units at $4. Jetcon Corporation finished trading of 9,700 shares at $3.07, Knutsford Express concluded trading with a loss of 30 cents at $12.70, with 370 stock units changing hands, Lasco Distributors lost 29 cents at $3.70, with 18,809 units passing through the market, Lasco Financial settled 15 cents higher at $4.50, as investors swapped 152,349 shares. Lasco Manufacturing ended trading of 24,058 shares, with a loss of 3 cents at $3.16, Main Event traded 3,600 shares and climbed 31 cents higher to $5.81, Paramount Trading closed at $2.40, while exchanging 52,155 units, SSL Venture Capital ended with a loss of 25 cents in closing at $1.70, trading 54,880 shares. Stationery and Office concluded trading of 28,176 and rose 10 cents to close at $8.50 and tTech settled 91 cents higher at $6.75, with 30,000 stock units changing hands but the stock was on offer at $6.20 at the close. In the junior market preference segment, CAC 2000 preference share closed at $1, with 1,000 shares trading.

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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Stationery and Office, Trading Activity, tTech

Fontana & Wisynco jump IC Top 10

February 18, 2019 by IC Insider.com

Fontana Waterloo Road branch now new completion.

There were some major price movements for the TOP 10 stocks. By the end of the week, Fontana moved up in price to $3.95 and moved out of the list.
ISP Finance closed with the bid at $13, forecasted earnings was adjusted down to $1.65 for 2019, with the stock existed the TOP 10. Caribbean Cream and Jamaican Teas replaced the above two companies.
TOP 10 main market selection last week, Wisynco closed the week at $11 and that was enough to move it off the list with Carreras moving back on to the list. Radio Jamaica made a big surge from 80 cents to end the week at $1.20 but with the offer at $1.18 after the company posted strong gains in profit in the December quarter of $168 million versus $79 million in the similar period in 2017. Seprod also enjoyed a big move from $34.85 to $39, both remain in the TOP 10.
Stocks falling out of the TOP 10 should not be ignored, they have much more gains ahead of them, in 2019. Both Fontana and Wisynco earnings are based on June 2019 year-end. Results for the 2020 year will start coming out before the end of this year and could result in increased interest in the stocks.
Medical Disposables fell in price during the week and rose in the TOP 10 to number 2 while Sygnus Credit Investments garnered increased buying interest with the price moving up with the stock just holding on to the number 10 spot on the main market list.
The three leading Junior Market stocks are General Accident, with potential gains of 300 percent, Medical Disposables with 264 percent projected gains and Stationery and Office Supplies 245 percent.
The three leading main market stocks are, Victoria Mutual investments 150 percent likely gains, Caribbean Cement with likely gains of 150 percent and Sterling Investments with 135 percent.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.2 and the main market PE is now 8.4.
The TOP 10 stocks now trade at an average discount of 38 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 35 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: AMG Packaging, Berger Paints, Caribbean Producers, Daily Trading, Emerging markets, Fontana, General Accident, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Paramount Trading, Stationery and Office, Sterling Investments, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Investments, Wisynco Group

Fontana & Wisynco watch alerts

February 18, 2019 by IC Insider.com

A close look at the main market shows clear bullish signs, with the market breaking out from a wedge formation and is being steered upwards by a long term upward sloping support line, that goes back to early 2016.
Unlike the rally in December that was dominated by NCB Financial, this rally is more broad based. Over the past two weeks, several company released results and seem to be stirring investors’ interest in a number of the companies.
Fontana and Wisynco were highlighted last week, as compelling stocks to watch. Demand for the two stocks drove prices higher on strong demand and increasing traded volumes, during the past week.
These two stocks remain on the watch list and IC Insider.com expects to see continued demand for them. Importantly, the supply of Wisynco’s shares is drastically reduced, since the release of the December quarterly. There are further reports that apart from a likely big new distribution contract that being discussed the company will be distributing sugar for a factory in the western end of the island.

Radio Jamaica

Buy Rated Radio Jamaica was struggling below the 90 cents mark for a very long time, came to life during the week with the company reporting strong gains in profit in the December quarter of $168 million versus $79 million in the similar period in 2017. The stock traded several million units below 95 cents but hit $1.20 on Friday as supply below dried up. The stock may find it difficult the move higher during the coming week but is worth watching to see where it trades during the week.
A block of nearly 61 million AMG Packaging shares traded during the week and stopped the price from moving higher. Buying interest remains as many investors see prospects of continued profit and stock price.
Elite Diagnostic closed the past week at $3.10 as results released showed a big improvement over the first quarter to September of $5 million versus $1.6 million on a pretax basis. The reported profit was not good enough to excite investors looking for immediate stock price gains. The price may well remain anchored around current levels for a while. The quarter over quarter growth in revenues points to higher revenues in the March quarter. There now appears to be a gap developing between the bids at $3.10 and sellers at $3.40. Watch to see how this develops. PanJam Investment traded as high as $82 on Friday with limited supply of the stock offered for sale. This one seems poised to move higher as just limited supply of the stocks is on offer for sale.
Demand for Fontana shares ate away at supply of the stock during the week but seems to have the $4 mark to take out before moving higher.

Section of Fontana Waterloo road branch now under construction.

The stock is still undervalued, even as it has doubled the IPO price. Investors ought to be focusing on the expansion plans and what that will do to profit in fiscal 2020.
General Accident 2018 results came out in the region of 29 cents per share but with $129 million less investments income and a big bump up in Management fee expense of 40 percent to $803 million. Importantly, net premium income rose a strong 28 percent for the full year. Selling pressure may be easing up with buying picking up.
ISP Finance reported flat profit for the year to December but revenues rose 18 percent in the last quarter over that of 2017 driving profit in the quarter 30 percent to $25 million. The results was strong enough to drive the bid above the last traded price and push selling of the stock on to the sideline. The growth in the final quarter of 2018 points to improving fortunes for the company and so could ignite demand for the stock at a higher price than the closing bid of $13.
Jamaica Stock Exchange shares hit a new high of $17.95, during the past week, with increasing interest shown in the stock. Exposed supply is currently not high, with expected continued buoyancy in the market and a big increase in new listings this year, investors seem more aggressive to buy into what should be another year of increased profit for the company. Seprod’s price moved up to $39 with increased demand for the shares continuing against the background of declining supply. The price seems poised to move even higher in the coming weeks as the stock remains attractively priced and in limited supply.

Some of Seprod”s products.

Lasco Financial came out with powerful December quarter profit that rose 95 percent to $107 million after tax but a still respectable 67 percent before tax. Nine months profit rose by a much slower 21 percent from $222 million to $268 million after tax but a slightly heathier 23 percent before tax. The December quarter has sufficient information that investors can use to determine what future prospects are for profit and that could help lift demand for the stock.
NCB Financial remains on the Watch List with strong gains in operating profit for the December quarter, but the stock is finding it hard to break through resistance at the $150 level and may need something out of the ordinary if the price is to move decidedly higher before the summer months.

Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: AMG Packaging, Emerging markets, Fontana, General Accident, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, junior market, Lasco Financial, NCB Financial Group, PANJAM Investment, Radio Jamaica, Seprod, Wisynco Group

Trading rose on Junior Market – Friday

February 15, 2019 by IC Insider.com

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In an active trading session on the Junior Market of the Jamaica Stock Exchange on Friday, 27 securities changed hands, resulting in an exchange of 4,398,457 units valued at $19,730,388.
On thursday, 26 securities traded resulting in an exchnage of 2,388,739 units valued at $8,494,707.
Market activities closed, with the prices of 7 securities rising, 12 falling and 8 remaining unchanged, leading the market index down by 13.37 points to close 3,097.20.
Trading ended with an average of 162,906 units for an average of $730,755 in contrast to 91,875 units for an average of $326,720 on Thursday. The average volume and value for the month to date amounts to units 309,902 valued at $794,081 and previously 325,286 shares valued $800,708. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial climbed $1.10 to close at $48.10, with 650 shares changing hands, AMG Packaging ended at $2.50, with 2,500 stock units trading, Blue Power concluded trading 11,279 units, at $5, Cargo Handlers settled with a loss of 50 cents at $14, with an exchange of 10,500 shares. Caribbean Cream ended trading of 3,490 shares at $5.37, Caribbean Flavours traded $1.50 higher at $19.50, with 10,000 stock units changing hands, Caribbean Producers traded 260,597 units with a loss of 5 cents at $4.70, Consolidated Bakeries closed with a loss of 9 cents at $2, trading 15,000 shares. Derrimon Trading ended with a loss of 5 cents at $2.45, while exchanging 10,000 shares, Dolphin Cove concluded trading of 431,524 shares, with a loss of $1.35 at $14, Everything Fresh finished with a loss of 10 cents at $1.80, with 213,985 stock units passing through the market. Elite Diagnostic settled with a loss of 30 cents to close at $3.10, exchanging 52,000 units, Express Catering ended trading of 1,990 shares after adding 44 cents to close at $7.50, FosRich Group traded 32,795 shares and moved 17 cents higher to $4.17, Fontana finished trading of 123,255 shares, with a loss of 5 cents to close at $3.95. General Accident closed at $4, with an exchange of 155,848 stock units, GWest Corporation ended at $1.45, with 4,600 units trading. Indies Pharma ended 6 cents higher at $2.80, with an exchange of 15,140 shares, Jamaican Teas traded 537,851 units and rose 5 cents to $4, Jetcon Corporation finished trading with a loss of 11 cents at $3.07, in exchanging 925,520 shares, Lasco Distributors gained 24 cents to close at $3.99, with 426,911 units trading. Lasco Financial settled with a loss of 15 cents at $4.35, in exchanging 119,944 shares, Lasco Manufacturing ended trading 138,653 shares with a loss of 1 cent in closing at $3.19, Main Event traded 240,861 shares, with a loss of 30 cents at $5.50, Medical Disposables finished trading at $5.50, with 24,000 stock units changing hands. Paramount Trading closed at $2.40, trading 35,364 units and SSL Venture Capital ended at $1.95, with 594,200 shares traded.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity

Junior Market makes strong recovery – Thursday

February 14, 2019 by IC Insider.com

Junior Market stock trading.

Trading on the Junior Market of the Jamaica Stock Exchange made strong recovery on Thursday with the prices of 12 securities rising, 6 falling and 8 remaining unchanged leading to the market index recovering 51.42 points to close 3,110.57.
Trading ended on Thursday with 26 securities changing hands compared to 30 on Wednesday leading to an exchange of 2,388,739 units valued at $8,494,708, compared to 62,035,877 units valued at $128,041,203 trading on Wednesday.
The average volume traded was 91,875 units for an average of $326,720, in contrast to 2,067,863 units for an average of $4,268,040 on Wednesday. The average volume and value for the month to date, amounts to 325,286 shares valued $800,708 and previously 351,444 shares valued $853,828. In contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling prices and 2 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended 30 cents higher at $2.50, with 190,100 stock units changing hands, Blue Power concluded trading of 16,920 units at $5, Cargo Handlers settled with a loss of 20 cents at $14.50, with an exchange of 2,000 shares, Caribbean Cream ended trading of 7,500 shares, at $5.37. Caribbean Flavours traded 12,000 stock units with a rise of $1.85 to close at $18, Caribbean Producers finished trading 6,841 units, with the price moving 5 cents higher to $4.75, Dolphin Cove fell 5 cents to close at $15.35, trading 150 shares, Everything Fresh finished 5 cents higher at $1.90, with 14,030 stock units trading. Elite Diagnostic settled 31 cents higher at $3.40, with 29,103 units changing hands. Express Catering ended trading 15,500 shares and closed 6 cents higher at $7.06, FosRich Group traded 5,621 shares at $4, Fontana closed 10 cents higher at $4, with an exchange of 1,345,881 shares, General Accident closed 1 cent higher at $4, with 42,042 stock units changing hands. GWest Corporation ended 9 cents higher at $1.45, with an exchange of 8,000 units, Honey Bun concluded trading of 42,960 shares, with a loss of 10 cents at $3.70, Indies Pharma finished with a loss of 16 cents at $2.74, with 164,127 shares passing through the market, Jamaican Teas traded 42,300 units with a loss of 5 cents at $3.95. Jetcon Corporation closed at $3.18, trading 1,500 shares, Knutsford Express concluded trading of 5,050 stock units and climbed 50 cents higher to $13, Lasco Distributors finished at $3.75, with an exchange of 12,784 units, Lasco Financial rose 15 cents to $4.50, in trading 10,000 shares. Lasco Manufacturing ended trading 70,310 shares, with a loss of 9 cents at $3.20, Paramount Trading closed at $2.40, with 5,981 units changing hands, Stationery and Office concluded trading of 20,592 shares and rose 40 cents higher to $8.40 and tTech settled at $5.84, in exchanging 23,706 stock units. In the junior market preference segment, CAC 2000 9.5% closed at $1, with 293,741 shares 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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Stationery and Office, Trading Activity, tTech

AMG in big Junior Market trade – Wednesday

February 13, 2019 by IC Insider.com

AMG Packaging dominated trading with more than 60m shares.

Trading on the Junior Market of the Jamaica Stock Exchange jumped sharply on Wednesday as 60.67 million shares of AMG Packaging, passed through the exchange, pushing the overall trade for the day to an exchange of 62,035,877 units valued at $128,041,203.
Market activity on Tuesday resulted in just 3,645,419 units valued at $11,521,269.
Trading ended with another big fall the market index of 49.68 points following the 45.69 points drop on Tuesday, to close at 3,059.15. a total of 30 securities changed hands, compared to 28 on Tuesday, resulting in the prices of 9 securities advancing, 10 declining and 11 remaining unchanged.
Trading closed with an average of 2,067,863 units for an average of $4,268,040 in contrast to 130,194 units for an average of $411,474 on Tuesday. The average volume and value for the month to date, amounts to 351,444 shares valued $853,828 and previously 96,530 shares valued $346,767. In contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling prices and 2 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $47, with an exchange of 1,021 shares, AMG Packaging closed with a loss of 15 cents at $2.20, in exchanging 60,673,553 shares, with the bulk of the trade, taking place at $2. Blue Power ended at $5, trading 1,200 stock units, Cargo Handlers closed at $14.70, with 40,556 shares changing hands, Caribbean Cream settled with a loss of 48 cents at $5.37, in the trading of 4,040 shares. Caribbean Flavours ended trading with 1,704 shares with a rise of 15 cents to close at $16.15, Caribbean Producers traded 173,500 stock units, at $4.70, Consolidated Bakeries gained 39 cents to end at $2.09, with 239 units changing hands, Derrimon Trading closed with a loss of 10 cents at $2.50, with an exchange of 6,393 shares. Everything Fresh concluded trading with 18,226 shares with a rise of 25 cents to $1.85, Elite Diagnostic finished 9 cents higher at $3.09, with an exchange of 58,350 stock units, Express Catering settled with a loss of 49 cents at $7, trading 31,584 units, FosRich Group ended trading 4,474 shares and rose 30 cents to close at $4. Fontana traded 20 cents higher at $3.90, with 487,017 shares changing hands, General Accident finished trading 57,162 shares, at $3.99, GWest Corporation closed 5 cents higher at $1.36, in exchanging 40,406 stock units, Honey Bun gained 10 cents to close at $3.80, with an exchange of 11,980 units, Indies Pharma concluded trading of 93,909 shares at $2.90. Jamaican Teas ended trading with 300 stock units at $4, Jetcon Corporation traded 14,500 units with a loss of 7 cents at $3.18, Knutsford Express ended with a loss of 20 cents at $12.50, with an exchange of 103,076 shares, Lasco Distributors ended trading of 73,727 stock units at $3.75. Lasco Financial closed with a loss of 15 cents at $4.35, with 35,401 units changing hands, Lasco Manufacturing settled 2 cents higher at $3.29, trading 35,900 shares, Main Event ended trading 4,452 shares, with a loss of 20 cents at $5.80, Medical Disposables traded 18,000 shares with a loss of 10 cents to close at $5.50. Paramount Trading finished trading 6,500 stock units at $2.40 and Stationery and Office ended with a loss of 40 cents at $8, trading 27,474 shares. In the junior market preference segment, CAC 2000 9.5% ended at $1, with 6,400 stock units trading and Derrimon Trading 9% concluded trading at $2.10, with 4,833 units.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Big fall for Junior Market – Tuesday

February 12, 2019 by IC Insider.com

Indies Pharma traded 2m shares on Tuesday.

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with a sharp fall the market index of 45.69 points to close at 3,108.83 as the prices of 8 securities advanced, 12 declined and 8 remained unchanged.
Trading saw 28 securities changing hands compared to 27 on Monday, resulting in an exchange of 3,645,419 units valued at $11,521,269, compared to 3,202,720 units valued at $12,121,438 on Monday.
Trading ended with an average of 130,194 units for an average of $411,474 in contrast to 118,619 units for an average of $448,942 on Monday. The average volume and value for the month to date, amounts to 96,530 shares valued $346,767 and previously 91,113 shares valued $336,354. In contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling prices and 3 closing with lower offers.

t the close of the day’s activities, AMG Packaging ended with a loss of 15 cents at $2.35, with 120,000 stock units changing hands, Blue Power concluded trading of 15,300 units, with a loss of 80 cents at $5, CAC 2000 finished 20 cents higher at $12.60, trading just 100 shares. Caribbean Cream ended trading of 2,000 shares, with a loss of 10 cents to close at $5.85, Caribbean Producers finished trading of 17,450 units with a loss of 5 cents at $4.70, Derrimon Trading ended with a loss of 35 cents at $2.60, with 41,010 shares changing hands. Dolphin Cove concluded trading of 10,200 shares with a rise of 60 cents to $15.40, Everything Fresh finished with a loss of 1 cent at $1.60, with an exchange of 72,397 stock units, Elite Diagnostic settled with a loss of 19 cents at $3, in trading 53,414 units. Express Catering ended trading 17,236 shares, with a loss of 1 cent at $7.49, FosRich Group traded 67,552 shares with a loss of 29 cents at $3.70, Fontana finished trading at $3.70, with 557,982 shares changing hands, General Accident closed with a loss of 1 cent at $3.99, with an exchange of 271,129 stock units. GWest Corporation ended 20 cents higher at $1.31, with 29,675 units changing hands, Honey Bun concluded trading of 20,520 shares, at $3.70, Indies Pharma finished with a loss of 5 cents at $2.90, in exchanging 2,013,889 shares, Jamaican Teas traded 17,000 units at $4, Jetcon Corporation finished trading 6 cents higher at $3.25, in exchanging

25,475 shares. Knutsford Express concluded trading of 996 stock units, with a rise of 20 cents to $12.70, Lasco Distributors closed 5 cents higher at $3.75, with 26,427 units trading, Lasco Financial settled at $4.50, with an exchange of 47,259 shares, Lasco Manufacturing ended trading of 400 shares and rose 9 cents higher to $3.27. Main Event traded 21,655 shares at $6, Medical Disposables finished trading 300 stock units with a loss of 90 cents to $5.60, Paramount Trading closed at $2.40, in an exchange of 25,500 units, SSL Venture Capital ended 1 cent higher at $1.95, with 1,000 shares changing hands and Stationery and Office concluded trading with 22,617 shares at $8.40. In the junior market preference segment, CAC 2000 closed at $1, with the trading of 146,936 shares.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Junior Market trading rises – Monday

February 11, 2019 by IC Insider.com

Fontana Waterloo branch under construction in Kingston

Trading on the Junior Market of the Jamaica Stock Exchange settled on Monday and resulting in an exchange of 3,202,720 units valued at $12,121,438, compared to 1,501,161 units valued at $5,720,483 on Friday.
Trading was dominated by Fontana with 75 percent of the total volume traded in the Junior Market.
At the close, 27 securities changed hands versus 22 changing hands on Friday leading to the prices of 12 securities advancing, 9 declining and 6 remaining unchanged and a rise of 25.69 points in the market index to close at 3,154.52.
Trading ended with an average of 118,619 units for an average of $448,942 in contrast to 68,235 units for an average of $260,022 on Friday. The average volume and value for the month to date, amounts to 91,113 shares valued $336,354 and previously 86,061 shares valued $315,674. In contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 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 higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $47, in trading 5,515 shares, AMG Packaging ended 10 cents higher at $2.50, with an exchange of 31,162 stock units, Blue Power concluded trading of 10,218 units after rising 80 cents to $5.80, CAC 2000 finished with a loss of 10 cents at $12.40, in exchanging 3,200 shares. Derrimon Trading ended 5 cents higher at $2.95, with 53,000 shares changing hands, Everything Fresh lost 22 cents to end at $1.61, with 63,050 stock units trading, Elite Diagnostic settled at $3.19, with an exchange 26,852 units, Express Catering ended trading of 21,766 shares with a loss of 30 cents at $7.50. FosRich Group traded just 103 shares with a loss of 1 cent at $3.99, Fontana finished trading 10 cents higher at $3.70, with 2,408,200 shares trading, General Accident closed with 80,376 stock units trading, with the price rising 10 cents higher to $4, GWest Corporation fell 19 cents to an all-time low of $1.11, with an exchange of 98,080 units. Honey Bun concluded trading of 36,070 shares with a loss of 5 cents at $3.70, Indies Pharma lost 19 cents at $2.95, in trading 36,151 shares,

Jamaican Teas traded 1,140 units at $4, Jetcon Corporation finished trading 5,100 shares, with a rise of 4 cents to $3.19. Knutsford Express fell 20 cents to end at $12.50, in exchanging 45,925 stock units, Lasco Distributors finished with a loss of 30 cents at $3.70, trading 89,999 units, Lasco Financial settled 30 cents higher at $4.50, with an exchange of 14,610 shares, Lasco Manufacturing ended trading 133,307 shares 8 cents higher at $3.18. Main Event traded 20,196 shares and moved 30 cents higher to $6, Medical Disposables finished trading at $6.50, with an exchange of 2,000 stock units, Paramount Trading ended swapping 7,000 units for 35 cents higher at $2.40, SSL Venture Capital ended at $1.94, with an exchange of 700 shares. Stationery and Office concluded trading of 1,000 shares and jumped 90 cents higher to $8.40 and tTech settled 4 cents higher at $5.84, with 2,000 stock units changing hands. In the Junior Market preference segment, Derrimon Trading ended at $2.10, with the trading of 6,000 stock units.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Cement & General Accident top IC Top 10

February 11, 2019 by IC Insider.com

IC Insider.com TOP 10 selections return after a break. The selections, are based on 2019 earnings. Quite a number of the 2018 TOP 10 listings appear again in this year’s lists.
New to the Junior Market, are Fontana that was listed in December last year, Lasco Manufacturing, ISP Finance and Medical Disposables. New to the TOP 10 main market list are Caribbean Cement, Sterling Investments, Radio Jamaica and Sygnus Credit Investments.
The three leading Junior Market stocks are General Accident, with potential gains of 310 percent, Stationery and Office Supplies 284 percent and ISP Finance with 250 percent.
The three leading main market stocks are, Caribbean Cement with likely gains of 152 percent, Radio Jamaica, 150 percent and Victoria Mutual investments 147 percent.
Fontana, is projected by IC Insider.com, to earn at 50 cents per share for the current year and should go on to boost earnings for the June 2020 much higher with the opening of its newest branch this year. The prospects for the stock is very good over the next two to three years with the expansion plans that the company has for it. Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up a strong 32 percent for nine months period. With EPS at 17 cents for the year, to December, full year results could hit 25 cents per share with 2020 moving higher as new product lines deliver more sales and profit. ISP Finance has been gradually building the loan portfolio and reporting improved annual profits but investment in increased staffing to manage expansion has increased cost faster than growth in revenues. The company exhausted the cash on hand in 2018 and borrowed additional funds to expand their loan portfolio. 2019 should be the year that profit break out and justify the current stock price. Medical Disposables delivered improved results in the six months to September last year with increased revenues coming from the new consumer lines that have been added to the product range.
In the main market, the way seems clear for Caribbean Cement to break out this year with the plant upgrade now behind them and the discontinuation of costly import of cement to fill the gap left by lower production as the plant upgrade took place in 2018. The company will benefit from increased sales as the construction sector continues to grow and demand more cement to use in building. Sterling Investments’ share has been undervalued for sometime and remains so, even after a 5 for 1 stock split in late 2018 that help move the price up. Additional funds from a recent rights issue will place the company in a position to take advantage of other investment opportunities and boost profit. Radio Jamaica has not delivered on the improved profitability after merging with the Gleaner but with income showing some growth against an improving economy, the 2020 fiscal year could start showing improved results. Sygnus Credit Investments is an undervalued stock with earnings to the September quarter negatively affected by the slippage in the rate of exchange of the local currency. Exchange movements does not affect the underlying fundamentals of the company going forward.
The main market closed the week with the overall PE at 13 and the Junior Market at 10. The PE ratio for Junior Market Top 10 stocks average 6.1 and the main market PE is now 8.2.
The TOP 10 stocks now trade at an average discount of 39 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 37 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.

Compelling case to watch Fontana & Wisynco

February 10, 2019 by IC Insider.com

Fontana Waterloo Road branch now nearing completion.

Two compelling buys this week that investors should be watching over the next few weeks, are Fontana in the Junior Market and Wisynco in the main market of Jamaica Stock Exchange.
Last week, the results of a few companies were released, but only the results of Wisynco, had the potency to move the stock price, without much delay. More companies will release quarterly reports this week and they are worth watching.
Wisynco reported strong half-year results to December and encountered good buying interest on Friday with nearly 2.7 million shares trading, with little price movement. Trading on Friday may have removed quite a bit of supply to help pave the way for an inevitable price rise at some point in time. The company is yet to reap the full benefit from the new production lines they installed last year and effective providing room for greater profit margin. In addition, they added sugar distribution to the product line up starting in January this year. The company is ripe to add more products for distribution could well add new brands to the lineup that will boost revenues and profit if that happens. At current price of $10.40 and with a strong increase 36 percent in profits for the December quarter, investors with limited inventory of the stock would be unwise not to add it to their portfolios.

Wisynco could enjoy much increased revenues going forward as new products as added to the line up.

The recent quarterly report of AMG Packaging showed a big improvement of 68 percent in profit to $16.1 million, resulted in garnering increased buying interest around the $2.50 level. The price could move higher with sellers trying to get out around $2.70 level.
Elite Diagnostic rose in price this past week with increased buying interest and may go higher in the coming weeks as the quarterly results for December should show a big improvement over the $1.8 million profit reported in the first quarter to September and point to a much brighter future for this expanding entity.
PanJam Investment has limited supply of the stock offered on the market currently. At the close on Friday, just 79,000 units were shown on the JSE trading platform for sale compared, to 781,000 on the buy side. The lowest offer was 51,000 units at $80. It will be interesting to see what will happen with the price during the week.
Demand for Fontana shares is gradually eating away at supply of the stock with the price closing at $3.60, on Friday. The bid closed at $3.60 on Friday and the price could move higher during the week. With IC Insider.com projected earnings for the current year at 50 cents per share and the opening of its latest branch this year, the stock has lots of potential gains ahead of it.
General Accident enjoyed lower demand in the past week with the price slipping from $4 to $3.90. The stock is a big value play with the 2018 results likely to come out in the region of 45 cents per share and 2019 even higher and provide solid incentive for the buyers to pick up the stock. Interim results for the full year, are expected to be released this week. Jamaica Stock Exchange shares hit a new high of $14, during the past week, with increasing interest shown in the stock. Exposed supply is currently not high, with expected continued buoyancy in

Seprod shares now trades at $34.85 each.

the market and a big increase in new listings this year, investors seem more aggressive to buy into what should be another year of increased profit for the company. Seprod price moved up to $34.85 with increased demand for the shares continuing against the background of declining supply. The price seems poised to move even higher in the coming weeks as the stock remains attractively priced.
Lasco Manufacturing’s profit for the December quarter was effectively flat at $197 million but is up 32 percent for nine months period. With EPS at 17 cents for the year, to December, there was little fire power to move the stock price during the week. The same is true for Lasco Distributors, with a 24 percent rise in profit to $157 million for the December quarter and 16 percent increase for the nine months to December, to $620 or 18 cents per share. Lasco Manufacturing with EPS close to Lasco Distributors should really see the stock price moving closer to the latter than the $3.10 it closed at on Friday.
NCB Financial remains on the Watch List with strong gains in operating profit for the December quarter, but the stock is finding it hard to break through resistance at the $150 level and may need something out of the ordinary if the price is to move decidedly higher before the summer months.
Barita Investments is worth watching but with the price falling, having gone ex rights during the past week.