Junior market closes at new high

Dolphin Cove was one of 6 stocks ending at 52 weeks' high

Dolphin Cove was one of 6 stocks ending at 52 weeks’ high

Trading on the Junior Market resulted in the market hitting a new all-time high, with 6 stocks closing at 52 weeks’ high out of 12 securities trading, culminating in 1,069,919 units changing hands valued at $1,990,730. The JSE Junior Market Index gained 14.46 points to close at 926.72, a new record high, with the price of 6 stocks advancing and 1 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market include, Access Financial with just 100 shares changing hands, to close lower by 25 cents at $16.75, Cargo Handlers finishing with 500 units to close with a gain of 51 cents, to a new all-time high of $23.51. Caribbean Cream with 435,000 shares trading at an all-time high of $1.55, gained 20 cents, Dolphin Cove finished trading with 1,000 shares to closed at an all-time high of $11, to gain 75 cents, Honey Bun concluded trading with 20,000 shares changing hands to close 25 cents higher at a 52 weeks’ high of $2.95.JM 9-6-15 Lasco Distributors traded 23,150 shares at $1.65, Lasco Financial Services finished trading with 495,970 units, with the price rising 4 cents to $1.95. Lasco Manufacturing traded 79,899 shares at $1.45, Paramount Trading ended with just 1,000 shares changing hands with an increase of 54 cents to $4.80, a new all-time high. The stock closed with a bid to buy 49,500 units at $5 and Eppley 9.5% preference share closed trading with 4,000 units and put on just 1 cent to $6.01 to new high, with a 1 cent gain.

16 junior stocks traded 9 up 2 down

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Trading on the Junior Market was one of the busiest for sometime with 16 securities trading resulting in 1,938,775 units changing hands valued at $1,312,464. The JSE Junior Market Index gained 17.19 points to close at 888.47, with the price of 9 stocks advancing, 2 declining and Caribbean Cream, Cargo Handlers and Derrimon Trading preference stock closing at new a 52 weeks’ high, Lasco Financial traded at an intra-day high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close higher by 1 cent at $3.20, Blue Power closed with 6,350 shares trading at $9.50, Cargo Handlers finishing with 205,972 units, closed at a new high of $22.29, after gaining a cent. Caribbean Cream traded 703,034 units to end at $1.25 to gain 10 cents, Caribbean Flavours closed trading with 8,581 shares but lost 5 cents to end at $2, Caribbean Producers with 59,329 shares traded unchanged at $2.80, General Accident Insurance concluded trading with 30,000 shares changing hands to close 10 cents Higher at $2. Honey Bun traded 11,973 units at $2.69 after adding 7 cents. JM 2-6-15Jamaican Teas had 10,000 shares changing hands at $3.50, Lasco Distributors traded 62,000 to close 6 cents higher at $1.66, Lasco Financial Services finished trading with 622,000 units, between $1.60 and $1.71 but the price lost 2 cents to $1.65. There was dealing in 201,993 shares of Lasco Manufacturing, the stock closed with an 11 cents rise to $1.40, Paramount Trading ended with just 2,543 units changing hands to gain 15 cents to $3.95, Derrimon Trading 11.75% preference share saw trading in just 900 units with a 25 cents gain to $2.50 and Eppley 9.5% preference share had 12,800 units trading at $6.01.

Mayberry takes 20% of Lasco Financial

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending JM 26-5-15with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

Access now 1,000% of IPO price

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General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

The Junior market closed at a new record to start off the week with 13 securities trading, with the price of stocks advancing and declining and closing at 52 weeks’ high. the most for some time, and ended with 1,683,746 units changing hands valued at $22,509,881 with Access Financial accounting for the bulk of the trade with Mayberry Investments selling 1,257,938 at a new high of $18, valued $21,452,426.
In closing at $18, Access is back at the IPO price before a ten for 1 spilt putting at the equivalent of $180 had the split not take place no other stock has performed so well on the Jamaica stock market in recent time. The stock was issued at $18 per share, making those who held on to see a 900 percent gain on their investment, plus dividends to add to the gains and the company is yet to stop growing.
The JSE Junior Market Index gained 4.60 points to close at a new all-time high of 896.80 and with 3 stocks closing at 52 weeks’ high. At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Other stocks trading in the junior market are, AMG Packaging ending with 27,885 shares changing hands ,to close at $3.25, Blue Power Group closed with 979 shares trading at $9.80, Caribbean Cream finished with 100,000 units to close at $1.20, Caribbean Producers with 32,000 shares trading, closed lower by 3 cents at $3.07. Consolidated Bakeries had 2,429 shares changing hands at $1, Dolphin Cove traded 3,525 shares with the price rising 27 cents, to a 52 weeks’ high of $11.02. <a href="http://icinsider.com/profit-up-at-general-accident-but-just/" title="Profit up at JM 18-5-15General Accident but just”>General Accident Insurance concluded trading with 25,400 shares changing hands to close 10 cents higher at a 52 weeks’ high of $2.18, Honey Bun ended trading with 4,586 shares to end with a rise of 1 cent at $2.51. Jamaican Teas traded 194,500 at $3, Lasco Distributors traded 1,100 shares unchanged at $1.65, Lasco Financial Services finished trading with 15,000 units, the price remained at $1.31 and there was dealing in 18,304 Lasco Manufacturing’s shares as the stock traded lower by 5 cents at $1.40.

Juniors closed at new high

Bull280X150 At the end of trading on Wednesday the Junior Market index had its third consecutive day of rising prices, to end at a new record of 868.99, at 8.03 points ahead of Tuesday’s record close. With 10 securities trading, the market ended with 707,451 units changing hands valued at $2,938,261. The JSE Junior Market close with the price of 5 stocks advancing and 1 declining including 1 closing at a 52 weeks’ high.
At the close, there were 3 stocks with bids higher than their last selling prices and only 1 with a lower offer, this is an early sign that investors may be cooling their aggressive stance in picking up stocks. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers having 10,000 shares trading to close at $22.08, Caribbean Cream closed with 1,495,613 shares trading at $1.05, Caribbean Producers with 147,200 shares trading at $2.88, General Accident Insurance concluded trading with 86,000 shares changing hands to close 10 cents higher at a new JM 13-5-1552 weeks’ high of $2.15. Honey Bun ended with 10,800 shares changing hands to close higher by 20 cents at $2.90, Jamaican Teas ended trading with 5,000 shares after adding 15 cents to end at $2.90, Lasco Distributors finished trading with 11,219 shares to closed at $1.70, Lasco Financial Services finished trading with 89,336 units, the price rose 8 cents to $1.45. There was dealing in 212,781 Lasco Manufacturing’s shares, the stock traded lower by 5 cents to $1.35 and Medical Disposables contributed 31,415 shares with the price remaining unchanged at $1.80.

New record for junior market

Bottle heating machine at Lasco Manufacturing. The company's closed at a 52 weeks high.

Bottle heating machine at Lasco Manufacturing. The company’s closed at a 52 weeks high.

Lagging the performance of the main market for weeks, the junior market has quietly come into its own, posting new record highs on two consecutive days. Having surpassed the previous high on Monday, it went on to post a new high on Tuesday when it ended at 860.96 points up 16.66 points for the day.
Trading picked up on the Junior Market in the early hours of trading but slowed done considerable thereafter in the end it closed with 11 securities trading, and ended with 707,451 units changing hands valued at $2,017,008. The JSE Junior Market closed with the price of 5 stocks advancing and 3 declining including 4 that closed at 52 weeks’ highs.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading 39,172 units at $15.10, AMG Packaging ending with 7,830 shares changing hands to close at $3.30, Cargo Handlers finished with 500 units to close at a new high of $22.08, after adding 8 cents. Caribbean Cream with just 100 shares trading, gained 9 cents to close at a new JM 12-5-1552 weeks high of $1.05, Caribbean Producers with 248,000 closed at $2.88 but traded the bulk of them at $3, General Accident Insurance concluded trading with 26,000 shares changing hands, to close 23 cents higher, at a new 52 weeks’ high of $2.05. Honey Bun closed trading with 1,200 shares to gain 60 cents and end at $2.70, Knutsford Express closed with 1,000 shares trading at $6. Lasco Distributors ended with 227,498 shares trading, 1 cent higher, at $1.50, Lasco Financial Services finished trading with 55,531 units, the price slipped 7 cents to $1.37 and Lasco Manufacturing closed with 100,620 units at $1.40 to gain 3 cents and closed at a new 52 weeks’ high.

Honey Bun sweetens profits

HoneyBun_280x150Honey Bun continues to recover from poor results for 2014 with a 20 percent sales growth in the second quarter of the current financial year and an increase in gross profits of 24 percent compared with the corresponding period last year.
Profits also benefited from improvement in gross profit margins which increased to 43.6 percent in the quarter from 42.3 percent in 2014 and came in at 44.4 percent for the six months, up from 44.07 percent. earnings per share ended at 50 cents for the six months and the company should go on to increase this in the remaining quarters.
The improved revenue picture translated into profit before taxes rising 145 percent over the prior year for the quarter of $30.5 million. The increase was partially due to the normalizing of distribution costs compared to 2014 when there were disruptions to this aspect of the business. For year to date sales revenues increased 16 percent to and profits climbed 41.6 percent to $47 million. Sales and profit would have benefited from the Easter falling to the end of the quarter. The company usually have a poor September quarter with lower revenues than for the others.
Administrative cost rose marginally in the quarter to $44.79 million, in 2014 Honey Bun incurred $43.98 million in this category and for the six months $89.85 million versus $85.24 million. Selling & distribution costs rose to $32 in the quarter from $30 min 2014 and for the six months $62.3 million compared with $52.9 million. “Exports increased by 43 percent for the quarter and by 66 percent year to date over the corresponding periods’, management indicated.
The company’s equity stood at $356 million while cash and investments grew to $61 million, receivables of $72 million were slightly up on 2014 levels while inventories kept steady at $45 million and payables declined to $56 million from $64 million in 2014.
The company’s stock last traded on the junior market at $1.90 but now has a bid at $2.35 to buy 12,000 units.

Juniors gain with 5 stocks rising

Cargo Handlers closed at an all time high of $21

Cargo Handlers closed at an all time high of $21

Trading activity picked up on the Junior market on Monday, with the market closing with 11 securities trading and ending in 1,776,893 units changing hands valued at $2,970,218. The JSE Junior Market Index declined 6 points to close at 817, with the price of 5 stocks advancing and 1 declining.
An indicator of the state of the market at the close, can be seen by the number of stocks with bids versus offers, as well as the numbers that close with bids being higher or lower than the last sale price. AT the close there were 4 stocks with bids higher than their last selling prices and only 1 with a lower. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power trading 6,000 units and gained $1.30 to end at $8.81. JM cht4-5-15Caribbean Cream had 11,000 units changing hands and ending 16 cents higher at 81 cents, Caribbean Producers had 80,935 shares trading at $2.99 with a loss of 11 cents. Cargo Handlers closing at an all-time high of $21, while trading 10,000 units, to gain 89 cents. Honey Bun gained 2 cents, in trading 1,500 shares to end at $1.90, up 8 cents, Jamaican Teas had 12,422 units changing hands at $2.55, Knutsford Express closed with 7,016 units changing hands at $6, Lasco Distributors had 523,076 shares trading to close at $1.45 with no stock on offer at the close. Lasco Financial Services had 3,500 units changing hands traded at the close at $1.30, Lasco Manufacturing traded 821,444 shares and closed at $1.35 and Medical Disposables ended with 300,000 trading at $1.70.

Junior standoff holds back trading

Knutsford Express closed at a new all time high of $6 on Thursday.

Knutsford Express closed at a new all time high of $6 on Thursday.

Activity on the Junior Market closed with only 5 securities trading as buyers and sellers are not seeing eye to eye on the values of stocks. Trading ended with 142,563 units changing hands valued at $360,028. The JSE Junior Market Index rose 9.37 points to close at 741.89, with the price of 3 stocks advancing and 4 declining.
At the close, there were 4 stocks with bids higher than their last selling prices and 1 with offer that was lower. The junior market ended with 4 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, are Caribbean Producers with 117,000 units,JM trades  23-4-15
at $2.70 for a 38 cents gain Honey Bun ending with just 1,937 shares trading unchanged at $1.82. Knutsford Express traded at a new high of $6 by adding 20 cents with only 2,580 shares changing hands, Lasco Distributors traded 4,000 shares between $1.38 down 5 cents but closed with a bid at $1.40, to buy 50,000 shares, with offers at $1.43 for 110,736 unitsand Lasco Financial gained 7 cents to $1.15 while trading 17,046 shares.

CPJ trades 1.74m shares

CaribbeanProducers(CPJ)600X250 Activity on the Junior Market ended with 9 securities traded, comprising 2,201,563 units changing hands, valued at $4,588,656, Caribbean Producers dominated trading with more than 1.74 million units to close at $2.31 in only two trades as the stock gained 1 cent. The JSE Junior Market Index declined 7.17 points to close at 740.74, with the price of 6 stocks advancing and 2 declining and 1 remained unchanged.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
JSM 16-4-15Stocks trading in the junior market are, Caribbean Cream trading 25,055 shares at 65 cents as the price rose by 5 cents. Caribbean Flavours had 10,968 units changing hands, 5 cents higher at $1.85, Derrimon Trading put through 15,000 shares at $2.04, Honey Bun traded 10,000 shares but lost 11 cents in closing at $1.80. Lasco Financial Services had 15,000 units trading 5 cents higher, at $1.15, Lasco Manufacturing traded 352,851 units for 7 cents more at $1.13, Medical Disposables put through 27,000 shares in trading and ended up 4 cents better off at $1.80 and Paramount Trading had 4,905 units changing hands at $3.55 for a 55 cents fall.