5 rising stocks steady juniors – Monday

The junior market rose moderately on Monday with 12 active securities. 5 stocks rose and 1 declined including a jump of $2.30 in the price of Knutsford Express. The market index rose 2.66 points to close at 2,193.86, with only 257,522 units trading, valued at $1,655,683.
JM sum 8-8-16At the end of trading 4 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
At the close, Caribbean Cream gained 3 cents with 1,000 shares changing hands at $7.03, Consolidated Bakeries did not trade, but the bid for the stock climbed to $2.44, there were just two offers posted at the close, to sell 15,000 units. The stock last traded to close at $2.13, Dolphin Cove traded 300 shares to close at $14. General Accident traded 42,019 shares and gained 1 cent to end at $2.16, Honey Bun had 26,357 shares changing hands, to close at $5.60, ISP Finance traded 4,000 shares at $5.15,JM Trdng Sht 8-8-16 Jetcon Corporation ended with 3,700 shares changing hands at $2.70, KLE Group ended at $1.30 with 918 shares changing hands. Knutsford Express closed with 23,977 units changing hands at $19, after climbing $2.30, Lasco Distributors lost 20 cents and ended with 77,580 shares changing hands at $6.80, Lasco Financial ended with 2,860 shares changing hands at $3.49, for a gain of 24 cents. Lasco Manufacturing closed at $5 with 74,311 shares trading and Derrimon Trading preference share ended with 500 units changing hands at $2.10.

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Simply Impressive

Honey Bun shot up by more than 500% in 2016 shortly after stock split.

Honey Bun shot up by more than 500% in 2016 shortly after stock split.

Junior market listed bakers, Honey Bun, is enjoying a glorious period of surging revenues and profit that fueled a huge jump in the stock price of 355 percent for 2016, after rising over 500 percent, earlier in the year.
In continuation of a successful year, revenues climbed 36 percent in the third quarter of financial year to June, spawning a 124 percent increase in profit before taxes to $38 million over the June 2015 quarter. Revenues climbed 35 percent to $903 million for the nine months to June, up from $672 million in 2015 while profit jumped 109 percent to $138 million before tax and $132 million after tax of $6 million.
Gross profit for the nine months climbed at a faster pace than revenues, at 40 percent while for the quarter, gross profit rose 34 percent, just below the growth in revenues for the quarter. Expenses excluding cost of sales, rose even slower than revenues, at 20 percent, with administrative expenses rising sharply by 33 percent to $147 million and selling and distribution costs increasing by 10 percent to $104 million, while depreciation rose by 4 percent to $28 million. For the June quarter administrative, selling and distribution expenses rose at a slower pace than for the nine months, at 12 percent.
One Honey Bun's Products.

One Honey Bun’s Products.

The company generated gross cash flows of $171 million for the nine months, before expending $75 million on the acquisition of property, equipment and fleet. Honey Bun is in a healthy state with cash balance and investments at $104 million after the company repaid $38 million in long term loans, leaving loans at $16 million. Current assets stood at $212 million and current liabilities ta $71 million. Shareholders equity climbed to $491 million.
The Company that listed on the Jamaica Stock Exchange Junior Market in June 2011, is now subject to taxation on profit for the next 5 years at 50 percent of the normal corporate income tax rate of 25 percent.
Earnings per share for the quarter came in at 8 cents and 28 cents for the nine months. IC Insider projects 34 cents or $160 million for the full year to September, with $147 million or 52 cents per share projected for 2017. The stock traded at $5.60 on the Jamaica Stock Exchange junior market for a PE of 16.5 times 2016 earnings, making it one of the highest valued stock on the market.
The stock was accorded a BUY RATED ranking in November 2015 but has since been placed on a watch list when it shot to over $7 per share.

Juniors hit with falling prices – Friday

The junior market lost moderately on Friday with 13 active securities of which 3 stocks rose and 6 declined including a drop of $2.82 in the price of Knutsford Express. The market index slipped 5.64 points to close at 2,191.20, with only 260,545 units trading, valued at $1,819,326.
JM sum 5-8-16A total of 3 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
At the close, AMG Packaging traded 2,099 shares at $12.50, Caribbean Cream gained 10 cents with 7,970 shares changing hands at $7, Caribbean Flavours traded 154,637 units to end at $6.50 with a loss of 3 cents, Caribbean Producers traded 8,323 units and rose 25 cents to close at $3.50. Consolidated Bakeries lost 12 cents in trading 12,000 shares to close at $2.13, Honey Bun had 25,450 shares changing hands, to close with a gain of 5 cents, at $5.60 after the company reported sales increasing by 36 percent and profit before taxes jumping 124 percent to $38 million for the June quarter.JM Trdng Sht 5-8-16 Iron rock Insurance fell 32 cents while trading 3,000 shares to close at $3.28, KLE Group ended at $1.30 with 4,232 shares changing hands, after losing 5 cents, Knutsford Express closed with 21,500 units changing hands at $16.70, after dropping $2.82. Lasco Distributors ended with 15,784 shares changing hands at $7, Lasco Financial ended with 2,850 shares changing hands at $3.25, for a fall of 10 cents, Lasco Manufacturing closed at $5 with 2,500 shares trading and Eppley 10% preference share, traded 200 units at $6.10.

Juniors end with 3 new highs – Thursday

Blue Power hit a new high of $16.50 on Thursday.

Blue Power hit a new high of $16.50 on Thursday.

The junior market rose slightly on Thursday with 19 active securities of which 9 stocks rose and 5 declined. Three stocks closed at a 52 weeks’ high and one traded at an intraday low. The market index gained 12.34 points to close at 2,196.84, as a total of 910,288 units traded, valued at $3,268,885.
A total of 2 stocks closed with bids higher than their last selling prices and 3 ended with a lower offer.
At the close, Access Financial traded just 163 shares at $17.50, Blue Power Group ended with 5,000 shares changing hands with a gain of 40 cents to close at a 52 weeks’ high of $16.50, CAC 2000 had 2,589 units changing hands to close with a loss of 10 cents at $6.40.JM sum 4-8-16 Caribbean Cream closed 10 cents lower with 38,177 shares changing hands at $6.90, Caribbean Producers traded 16,000 units with at $3.25, Consolidated Bakeries gained 5 cents in trading 4,104 shares to close at a 52 weeks’ high of $2.25. C2W Music closed with a gain of 1 cent as 33,000 units changed hands to close at 30 cents, the stock traded at an intraday low of 25 cents. Dolphin Cove rose by 35 cents while 2,000 units were traded, to close at $14, Honey Bun had 47,118 shares changing hands, to close with a gain of 10 cents, at $5.55. Iron rock Insurance gained 42 cents while trading 1,000 shares to close at $3.60, ISP Finance jumped 65 cents to a new high of $5.15 with only 1,000 shares changing hands. Key Insurance traded 2,000 units at $2.60, JM Trdng Sht 4-8-16rKLE Group ended at $1.35 with 100,000 shares changing hands, after rising by 5 cents, Knutsford Express closed with 30,000 units changing hands at $19.52, after rising by 52 cents. Lasco Distributors ended with 37,152 shares changing hands at $7, Lasco Financial ended with 32,985 shares changing hands at $3.35, for a rise of 5 cents, Lasco Manufacturing lost 5 cents and closed at $5 with 88,000 shares trading. Medical Disposables traded with a loss of 35 cents to close at $3.15 with 20,000 shares changing hands and Derrimon Trading preference share, traded 449,000 units at $2.07.

Juniors end lower on Wednesday

The junior market closed down on Wednesday with as an equal number of 6 stocks rising and declining. The market closed with 13 securities being active. The index declined 28.52 points to close at 2,184.50.JM sum 3-8-16 One stock closed at a new high as a total of 2,802,872 units traded, valued at $13,180,124.
A total of 10 stocks closed with bids higher than their last selling prices and 2 ended with a lower offer.
At the close, Cargo Handlers had 1,000 units changing hands to close at $56, Caribbean Flavours with 4,440 shares changing hands, closed at $3.25, Caribbean Producers traded 17,425 units with a rise of 1 cent at $3.26, Consolidated Bakeries gained 10 cents in trading 37,000 shares to close at a 52 weeks’ high of $2.20,. General Accident traded 1,157,300 units at $2.15, after falling by 25 cents, Honey Bun had 2,882 shares changing hands, to close with a gain of 5 cents, at $5.45. JM Trdng Sht 3-8-16Jetcon Corporation gained 10 cents while trading 500 shares to close at $2.70, Key Insurance traded 1,883 units as the price rose 10 cents to $2.60, Lasco Distributors ended with 1,234,719 shares changing hands, to end 20 cents lower at $7, Lasco Financial ended with 10,606 shares changing hands at $3.30, for a fall of 19 cents. Lasco Manufacturing rose 5 cents and closed at $5.05 with 253,217 shares trading, tTech traded with a loss of 25 cents at $3.75 with 1,900 shares changing hands and Eppley 10% preference share traded 80,000 units at $6.10.

Juniors end with 7 gains on Tuesday

The junior market closed on Tuesday higher with more stocks rising than declining. The market closed with 11 securities being active. The index closed 12.16 points higher at 2,213.02 as an equal number of 7 stocks advanced and 3 declined and with 1 closing at a new high. A total of 478,536 units traded, valued at $2,513,232.
JM sum 2-8-16 A total of 5 stocks closed with bids higher than their last selling prices and 2 ended with a lower offer.
At the close, Access Financial Services had 5,000 units changing hands while rising 40 cents to close at $17.50, AMG Packaging closed with 2,746 units changing hands at $12.50, Caribbean Cream rose 5 cents with 26,684 shares changing hands to close at $7, Caribbean Producers traded 88,848 units at $3.26, with a 1 cent rise. General Accident traded 4,000 units at $2.40, after rising by 35 cents,JM Trdng Sht 2-8-16 Honey Bun had 37,260 shares changing hands, to close with a loss of 5 cents at $5.40, Jamaican Teas fell 15 cents and traded 6,000 shares to close at $3.15. Jetcon Corporation gained 5 cents while trading 6,247 shares to close at $2.60, KLE Group traded 2,300 units to close with a gain of 10 cents at $1.40. Knutsford Express closed with 316 units changing hands to end at $19 with a rise of $4, Lasco Distributors ended with 76,102 shares changing hands, to end 10 cents lower at $7.20 and Lasco Manufacturing rose 3 cents and closed at $5 with 223,349 shares trading.

Juniors big 3 gainers on Friday

Cargo Handlers traded at a new high of $56.

Cargo Handlers traded at a new high of $56.

The junior market ended July, with a rise on the last day of the month, to close the month slightly lower by 7.31 points than at the close of June. Three stocks jumped sharply with Blue Power surging $2.40, Cargo Handlers trading at a record high with a gain of $7 and Knutsford Express climbing $4. The market closed with 14 securities being active, down from 19 on Thursday.
The index closed 42.49 points higher at 2,200.86 as an equal number of 6 stocks advanced and declined and with 1 closing at a new high. A total of 2,718,436 units traded, valued at $8,665,436.
A total of 7 stocks closed with bids higher than their last selling prices and 3 ended with a lower offer.
At the close, Access Financial Services had 8,200 units changing hands while losing 35 cents to close at $17.10, JM - Sum 29-7-16Blue Power jumping $2.40, and closed with 13,375 units changing hands at $16.10, Cargo Handlers traded 1,875 shares to end a an all-time high of $56. Caribbean Cream rose 14 cents with 251,464 shares changing hands to close at $6.95, Consolidated Bakeries lost 5 cents in trading 50,484 units at $2.10, C2W Music rose 1 cent to end at 29 cents with 573 shares changing hands, Dolphin Cove ended at $13.65 with 5,000 shares trading to gain 74 cents. General Accident traded 1,794,758 units at $2.05,JM Trdng Sht 29-7-16 Honey Bun had 17,500 shares changing hands, to close at with a loss of 5 cents at $5.45, Key Insurance traded 253,785 units to close at $2.50. Knutsford Express closed with 316 units changing hands to end at $19 with a rise of $4, Lasco Distributors ended with 161,341 shares changing hands, to end 10 cents lower at $7.30. Lasco Financial gained 9 cents and ended with 11,000 shares changing hands to close at $3.49, Lasco Manufacturing lost 3 cents and closed at $4.97 with 134,067 shares trading and Medical Disposables traded 19,698 shares and fell 5 cents to close at $3.50.

ISP Finance jumps 125% since listing

ISP Finance up 125% since its 2016 IPO

ISP Finance up 125% since its 2016 IPO

The junior market listed ISP Finance jumps 125% since going public in March this year when it traded 5,000 shares and gained 40 cents on Thursday to end at $4.50 and is only the second junior market stock to gain more than 100 percent for the year to date with Honey Bun gaining 347 percent. ISP closed with bids amounting
The market closed with more stock prices declining than those that rose leading to a fall in the market index with 19 securities being active, the highest for since July 11, when a similar number traded. The index closed 35.06 points lower, at 2,158.37 as 5 stocks gained and 7 declined with 1 closing at a new high. A total of 816,187 units traded, valued at $3,553,629.
A total of 7 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
JM - Sum 28-7-16rAt the close, AMG Packaging closed at $12.50 with 1,000 units changing hands, Blue Power closed with 10,300 units changing hands to close at $13.70 with a loss of $1.30, Caribbean Cream rose 11 cents with 152,336 shares changing hands to close at $6.81, Caribbean Flavours traded 28,448 units to end at $6.53 with a fall of 47 cents. Caribbean Producers traded 52,670 units at $3.25, with a fall of 1 cent, Consolidated Bakeries gained 10 cents in trading 185,000 units at $2.15, Derrimon Trading fell 1 cent to end at $3.06 with 9,627 shares changing hands, Dolphin Cove ended at $13.65 with 5,000 shares trading to gain 74 cents. General Accident traded 44,000 units at $2.05, Honey Bun had 28,735 shares changing hands, to close at $5.50. JM Trdng Sht 28-7-16Lasco Distributors ended with 40,453 shares changing hands, to end at $7.40, Lasco Financial ended with 93,581 shares changing hands to close at $3.40, Lasco Manufacturing rose 5 cents and closed at $5 with 64,682 shares trading, Medical Disposables traded 18,106 shares and fell 45 cents to close at $3.55. Sweet River traded 1,000 shares and fell 1 cent to close at $3.85, tTech traded 48,502 units to end at $4 and Derrimon Trading preference share ended with 24,148 shares changing hands to close at $2.07.

Cargo Handlers jumps $3 – Wednesday

Cargo Handlers jumped $3 to close at a new high of $49, with 1,000 units changing hands on the junior market on Wednesday, ahead of an August 3, board meeting to consider a stock split. Trading in the market closed with 12 securities being active. JM - Sum 27-7-16The index closed 12.08 points higher at 2,193.43 as 3 stocks gained and 4 declined with 1 closing at a new high and one at a new low. A total of 1,816,484 units traded, valued at $5,056,429.
A total of 6 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
At the close, Caribbean Cream lost 30 cents with 16,885 shares changing hands to close at $6.70, General Accident lost 10 cents in trading 1,203,707 units at $2.05, Mayberry Investments crossed 1,203,365 of the shares to trade. Honey Bun had 9,913 shares changing hands to close at $5.50. Key Insurance traded 3,539 shares to close at $2.50, KLE Group had 4,950 units trading at $7.40, JM Trdng Sht 27-7-16Lasco Distributors ended with 9.640 shares changing hands, to end at $7.40, Lasco Financial ended with 84,114 shares changing hands to close 5 cents higher at $3.40. Lasco Manufacturing closed at $5 with 81,326 shares trading, Medical Disposables traded 389,454 shares and gained 45 cents to close at $4, tTech traded 8,456 units to end at $4 and Derrimon Trading preference share ended with 3,500 shares changing hands to close 1 cent lower at a 52 weeks’ low of $2.07.

5 junior stocks gain 3 fall – Tuesday

Junior market trading closed with an increase in the index on Tuesday with more stocks gaining than falling, with 12 securities being active. JM - Sum 26-7-16The index closed 24.94 points higher at 2,181.35 as 5 stocks gained and 3 declined. A total of 1,483,101 units traded, valued at $7,313,357.
A total of 5 stocks closed with bids higher than their last selling prices and 1 ended with lower offers.
At the close, Access Financial Services lost 15 cents to close at $17.35, with 78,559 units changing hands, Caribbean Cream gained 49 cents with 238,866 shares changing hands to close at $7, Caribbean Flavours traded 13,002 units to end at $7. Caribbean Producers traded 10,000 shares and gained 1 cent to end at $3.26, JM Trdng Sht 26-7-16Derrimon Trading rose 1 cent in trading 4,000 shares to end at $3.07, Honey Bun fell 3 cents with 400 shares changing hands and closed at $5.50. Iron Rock Insurance lost 7 cents in trading 610,529 shares to close at $3.18, Jamaican Teas rose 60 cents and traded 1,000 shares to close at $3.80, Lasco Distributors ended with 9.710 shares changing hands, but rose 40 cents to $7.40, Lasco Financial ended with 167,060 shares changing hands to close at $3.35. Lasco Manufacturing closed at $5 with 326,431 shares trading and tTech traded 23,544 units to end at $4.