Big jump in junior stocks as tTech & CAC trade

tTech gained 22% on the first day of trading to close at $3.04.

tTech gained 22% on the first day of trading to close at $3.04.

Trading commenced on Thursday, in tTech and CAC 2000 shares, with the former rising 22 percent or 54 cents to end at $3.05 and CAC rose 12 percent or 43 cents to close at $5.43. The companies were enjoying the first day of trading following successful IPO offerings at $2.50 and $4.85 at the IPO stage. The junior market continued its bull run with a big 77.67 points move in the index to end at 1,924.59 for yet another new record close.
The market closed with 19 securities trading 10 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,272,184 units changed hands, valued at $17,503,527.
At the close, 2 securities ended with no bids to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 3 closed with lower offers.
In trading, Access Financial Services closed at $16 after losing 6 cents with 22,300 units changing hands, AMG Packing gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. CAC rose 58 cents to close at $5.43 with 6,000 units changing hands, but the stock was offered at $5.43 at the close to sell 5,000 units. C2W Music ended with a rise of 2 cents to close at 45 cents while 114,000 units changed hands, Cargo Handlers lost 15 cents to end at $37.50 with 589 shares changing hands, Caribbean Cream ended with 379,183 shares changing hands as the price rose 29 cents to end at $4.18. Caribbean Flavours traded 75,871 units to close with a gain of 38 cents at $8.88, Caribbean Producers traded 9,500 units but gain 80 cents to close at $5.48, Consolidated Bakeries ended at $1.50, with 3,050 units changing hands, Derrimon Trading Company had 27,000 units trading, to close at $4.05. General Accident traded 23,600 shares to close with a loss of 10 cent, to end at $2.10, Honey Bun gained 22 cents with 114,652 shares changing hands and closed at a 52 weeks’ high of $6.50, KLE Group ended with a fall of 2 cents at $1.85 with 15,000 shares changing hands.ICI -JM 07-01-16 Lasco Distributors closed with 1,354,455 shares changing hands for a gain of 50 cents, to end at a 52 weeks’ high of $6.51, Lasco Financial rose 16 cents to close at a 52 weeks’ high of $4.11 with 55,598 shares changing hands. Lasco Manufacturing rose 20 cents to $3.80 with 349,634 shares trading, Medical Disposables ended with 5,000 shares changing hands at the close at $3.55, tTech had 257,952 units changing hands to gain 54 cents to close at $3.04, at the close there were no stocks on offer, while bids ranged from a low of $2.33 to a high of $3.05, Eppley 2019 preference shares traded 42,000 shares at $6.10 and Eppley 9.5% preference shares had 416,800 changing hands at $6.

tTech & CAC 2000 trades on Thursday

tTech's executives

tTech’s executives

Trading commences on Thursday, in tTech and CAC 2000 shares, following successful IPO offerings as the junior market continued its bull run with the index gaining 7.95 points to end at 1,846.92 for a new record close. The market closed with 15 securities trading 9 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,347,529 units changed hands, valued at $9,025,299.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, AMG Packaging gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. C2W Music closed with 64,290 units changing hands at 43 cents for a 52 weeks’ high, having risen 3 cents, Cargo Handlers traded at a new high of $37.65 with 126 shares changing hands, Caribbean Cream ended with 54,293 shares changing hands as the price slipped by 11 cents to end at $3.89. Caribbean Producers traded 1,500 units but lost 82 cents to close at $4.68, Consolidated Bakeries rose 8 cents to end at $1.50, with 355,700 units changing hands, ICI -JM 06-01-16Derrimon Trading Company had 4,930 units trading, to close up 25 cents to a 52 weeks’ high of $4.05. General Accident traded 1,318,600 shares to close with a loss of 1 cent, to end at $2.18, Honey Bun gained 10 cents with 1,150 shares changing hands and closed at a 52 weeks’ high of $6.28, Jamaican Teas rose 45 cents and ended at a 52 weeks’ high of $5.50 while 1,689 units were traded, KLE Group ended at $1.87 with 49,632 shares changing hands. Lasco Distributors closed with only 4,538 shares changing hands for a gain of 31 cents, to end at a 52 weeks’ high of $6.01, Lasco Financial lost 5 cents to close at a $3.95 with 4,200 shares changing hands. Lasco Manufacturing rose 5 cents to $3.60 with 1,483,881 shares trading and Medical Disposables ended with 2,000 shares changing hands at the close at $3.55.

Juniors start 2016 at new high

Lasco Financial traded at a new 52 weeks' high high of $3.90

Lasco Financial traded at a new 52 weeks’ high high of $3.90


The junior market started 2016 with the index gaining 23.73 points to end at 1,814.78 for a new record high. The market closed with 13 securities trading 6 of which advanced, 2 declined with 4 closing at a new 52 weeks high and one at an intraday high. A volume of 1,707,388 units changed hands, valued at $6,741,784.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial Services closed at $16 with 8,510 units changing hands, C2W Music closed with a gain of 1 cent as 256,277 units changed hands to a new 52 weeks’ high of 40 cents, Caribbean Cream ended with 500,000 shares changing hands at $4.08, Caribbean Flavours traded 45,000 units to close with a loss of 44 cents at $9. Caribbean Producers traded 3,340 units to close with a gain of 5 cents, at $5.50, Consolidated Bakeries gained 4 cents to end at $1.49 with 111,500 units changing hands, ICI -JM 04 -01-16General Accident traded 5,600 shares to close at $2.05, Honey Bun rose 3 cents, to end at a 52 weeks’ high of $6.18 with 120,000 units changing hands. Jamaica Teas ended at $5.05 with a loss of 5 cents while 28,634 units traded, KLE Group ended at $1.87 with 17,920 shares changing hands, Lasco Distributors closed with 389,944 shares changing hands at $5.50, but traded at an intraday 52 weeks’ high of $5.55. Lasco Financial closed at a 52 weeks’ high of $3.90, with a rise of 20 cents with 50,001 shares changing hands and Lasco Manufacturing closed at $3.58 with 170,662 shares trading, for an 8 cents rise.

BUY RATED top Carib markets with 830%

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The JSE stock racked up huge gains in 2015

The JSE stock racked up huge gains in 2015

IC BUY RATED stocks were top of the Caribbean markets in Jamaica and Trinidad and Tobago for 2015, with Jamaica Stock Exchange share, chalking up a massive gain of 830 percent since IC Insider elevated it to BUY RATED status.Caribbean Cement followed with gains of 640 percent, Caribbean Cream with 444 percent and Trinidad Cement with a 299 percent increase on the Trinidad market.
While it was easy to make money in Jamaica, with profits rising and interest rates falling, developments in Trinidad went in the opposite direction, with interest rates rising and profits under pressure with the economy ended in recession.
At the beginning of 2015 of the 14 junior market selections, few recorded gains and only Knutsford Express with a 17 percent increase reflecting any meaningful positive movement. Losses were large, with AMG Packaging down 39 percent, Blue Power 31 percent, Caribbean Cream 23 percent, Jamaica Teas 28 percent, Lasco Financial 37 percent and Lasco Manufacturing 32 percent. What a difference a year can make? By the end of 2015, gains were all over the place with the list having 17 companies with two being dropped. There were no losing stocks in the list that had a new addition, tTech which could be listed this week. Honey Bun was added to the listing in November and gained 9 percent since. Eight stocks have more than doubled, four gained 40 percent to 91 percent. Caribbean Cream jumped 292 percent to be the top selection in this market, followed by Lasco Distributors up 274 percent. Blue Power was removed from the list in July with a small gain.
In the JSE main market, at the start of 2015, Hardware and Lumber was the best performing stock with gains of 62 percent followed by Cable & Wireless with 47 percent and Jamaica Broilers had the worst performance with a loss of 24 percent. In all, 7 of the 15 selections were lower than at the time they were BUY RATED.
By year-end, all selections in the JSE main market were up, with Scotia Investments having a mere 15 percent increase, being the poorest performer. This stock is being moved to Market Watch as the 2015 profit performance was far too disappointing to warrant buying now, while Hardware and Lumber remains a hold. The rest, present opportunities for continuing profit making. BUY Rated fn 12-15JMMB Group ended with just 28 percent gain, but seems undervalued at the current price. While the list had a few lousy performers, the same can’t be said about a 640 percent gain in Caribbean Cement and 830 percent increase for Jamaica Stock Exchange share. In all, 9 stocks posted gains in excess of 100 percent and 4 below 100 percent but with a 50 percent increase and more.
There were 13 selections in the Trinidad market with Trinidad Cement being the best performer with gains of 150 percent, the next was Point Lisas with 11 percent at the start of 2015. Five stocks suffered losses with the highest being 22 percent and the next 18 percent. For 2015 the price of Trinidad Cement is up 299 percent followed by National Flour with a 59 percent gain.
Looking ahead, the junior stocks should continue to grow, with several of the companies actively expanding resulting in profits climbing at a fast pace. There are a few stocks to be cautious of just now. Lasco Distributors selling at almost 16 times 2016 March earnings. Growth should be strong but unless investors have a long term objective they should be careful buying at current price level, the same applies to Lasco Financial that is selling at 15 times earnings. Dolphin Cove remains a hold at this time.
The Trinidad market needs to be watched at this stage, with the country needing to adjust to the lower price of oil and the recession now being endured.

26 stocks rose over 100%

The Jamaica stock market ended a momentous 2015 with the overall market doubling, aided by a 160 percent in the junior market to land the Jamaican market as the leader in the world in 2015. At the close, all three main market indices made huge gains to reach new record highs.
Top 15 - 2015r stksThe JSE combined market index recorded gains of 102 percent for the year, the all Jamaica composite up 99 percent with the JSE Market Index climbing 97 percent.
In a year when just about anyone could use a dart to pick winning stocks out of the 51 securities that rose with gains ranging from a low of 1 percent to a high of 1,086 percent. Five stocks fell up to 17 percent and one ended with the price unchanged. A total of 25 securities rose by 103% or more and 16 between 50% and 95 percent.
After nearly 11 years passed, with the market not rising above the record set in 2005, the record was finally broken in the second half of 2015 as an announced takeover offer for the shares of Desnoes and Geddes helped push the market to new highs, but it was more than that. Treasury bill rates peaked at 9 percent in March 2014, falling to 6 percent by the end of 2015 was a major catalyst in igniting prices higher, aided by some strong increases in profit of a wide range of companies. The top 15 performing stocks for 2015 are those in the table. The Jamaica Stock Exchange delivered a stunning 1,085 percent gain for investors that were invested in the stock from the start of the year, followed by Pulse Investments with 757 percent and Caribbean Cement with 726 percent.

JSE stock gained 1,085% in 2015

JSE stock gained 1,085% in 2015

The top performing junior market stock is Caribbean Cream with 444 percent, followed by Caribbean Flavours with 302 percent.
With the level of gains in 2015, the PE ratio of the market rose sharply to an average around 10 times 2015 earnings. Some stocks are selling above the average. Interest rates on Treasury bills are around 6 percent but that should fall in 2016 and will result in higher PE ratios as stocks become more attractive as an investment means than before. The local economy grew 1.5 percent in the September quarter, much higher than the previous two quarters, suggesting potential for higher growth levels in 2016, if so corporate profits should continue to grow, hence 2016 should be seeing continuation of the market growing.
With data going back to the start of the Jamaica stock market, indicating that on average only 2 out of the top 10 stocks in a year repeat that performance in the subsequent year, investors should be looking outside the top 10 performing stocks for big winners in 2016. Of the top ten ones that could do very well are Pulse, Caribbean Flavour, Honey Bun. Jamaica Stock Exchange should continue to see attractive gains, with increased stock market activities in 2016. That should mean more revenues and profits, but it will be difficult to see them in the top 10. With the company paying a high level of dividends, investors could see the stock as very attractive for income and thus drive the price higher than profits may suggest is possible.

Juniors close 2015 with 8 up 3 down

Honey Bun closed at a new 52 weeks' high on Thursday

Honey Bun closed at a new 52 weeks’ high on Thursday

The junior market ended 2015 with gains of 160 percent with but the market suffered a modest decline on Thursday with the index falling 1.10 points to end at 1,791.05. The market closed with 16 securities trading 8 of which advanced, 3 declined with 2 closing at a new 52 weeks high. Volume changing hands amounted to 4,049,568 units, valued at $15,799,898.
At the close, 1 security ended with no bids to buy and 6 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, C2W Music closed with a gain of 1 cent as 20,000 units changed hands at 39 cents, Caribbean Cream ended the year with 264,288 shares changing hands for a gain of 10 cents to $4.08, Caribbean Producers traded 6,000 units to close with a gain of 45 cents at $5.45. Consolidated Bakeries gained 15 cents to end at $1.45 with 2,922 units changing hands, Derrimon Trading had 3,135,140 shares trading for a gain of 7 cents to close at $3.87, Dolphin Cove ended with 3,900 shares changing hands at $15.50, after falling 25 cents, General Accident ended with 20,000 shares trading close at $2.05 for a loss of 3 cents. Honey Bun rose 4 cents to end at a 52 weeks’ high of $6.15, with 1,800 units changing hands, Jamaica Teas traded at a new 52 weeks’ high of $5.10 with a gain of 5 cents while a mere 850 units traded, at the close the stock was offered at $5.05.JM Trde Sht 31-12-15r KLE Group ended at $1.87 with 4,000 shares changing hands to record a loss of 1 cent, Lasco Distributors rose by 10 cents and closed with 95,306 shares changing hands at $5.50 for a closing 52 weeks’ high. Lasco Financial closed at $3.70, with 3,899 shares changing hands, Lasco Manufacturing closed at $3.50 with 246,352 shares trading, Medical Disposables traded 10,000 shares to close unchanged at $3.55, Sweet River ended with 100,000 units changing hands at $3.91 after losing 4 cents and Eppley 9.5% preference share traded 135,111 units at $6.

4 new highs for juniors – Thursday

Lasco Distributors closed at a new high of $4.90 on Thursday.

Lasco Distributors closed at a new high of $4.90 on Thursday.

Three stocks closed at 52 weeks’ highs and one at an intraday high as trading returned to normal on the junior market with the absence of any major trade. The junior market index advanced 36.17 points to 1,680.41.
The market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,752,229 units, valued at $12,898,901 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Blue Power closed with 1,490 units changing hands to close at $13.10, Caribbean Cream gained 10 cents with 1,000 shares changing hands at $3.80, Caribbean Flavours rose 44 cents in trading 13,000 units to close at $9.44, Derrimon Trading ended with 20,767 shares changing hands at $3.80. Dolphin Cove closed at $15.50 after dropping 50 cents with 54,900 shares trading, General Accident lost 5 cents with 46,544 shares trading to close at $1.90. Honey Bun gained 11 cents with 1,500 shares changing hands, to close at a 52 weeks’ high of $6.11, KLE Group closed at a 52 weeks’ high of $1.55 with a gain of 35 cents as 6,000 shares changed hands, Knutsford Express rose 10 cents and ended at $9.60 with 910,117 shares changing hands.JM Trde Sht 24-12-15 Lasco Distributors rose by 30 cents and closed with 445,314 shares changing hands at $4.90 for a 52 weeks’ high, Lasco Financial lost 9 cents to close at $3.50, with 172,697 shares changing hands, the stock traded at $3.60 for an intraday high. Lasco Manufacturing gained 10 cents, to close at $3.40 with 67,000 shares trading, Derrimon Trading 11.75% preference share closed with a loss of 5 cents with 3,500 shares trading at $2.10 and Eppley 9.5% preference share lost 2 cents, to end with 8,400 shares trading at $6.

Juniors have 5 new highs on Wednesday

Cargo Handlers ended at a new 52 weeks' high of $37.50.

Cargo Handlers ended at a new 52 weeks’ high of $37.50.

4 stocks closed at 52 weeks’ highs and one at an intraday high as trading volumes returned to normal on the junior market with the absence of any major trade. The junior market index declined by 22.67 points to 1,644.24 as the market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,962,619 units, valued at $7,767,219 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Cargo Handlers ended with 700 shares changing hands, for a gain of $1.50 and closed at a 52 weeks’ high of $37.50, Caribbean Cream had 1,029,160 shares changing hands at $3.70, Caribbean Flavours fell $1 in trading 17,700 units to close at $9, Caribbean Producers closed at $4.57 and lost 5 cents with 20,000 units changing hands. Derrimon Trading ended with 89,128 shares changing hands at $3.80. Dolphin Cove closed at $16 after dropping $1 with 3,100 shares trading, Honey Bun gained 8 cents with 10,000 shares changing hands, to close at a 52 weeks’ high of $6.08, Jamaican Teas rose 3 cents with 1,250 shares trading to close at $4.50. JM Trde Sht 23-12-15KLE Group closed at a 52 weeks’ high of $1.20 with a gain of 5 cents as 34,000 shares changed hands, Knutsford Express fell $1.15 and ended at $9.50 with 65,901 shares changing hands. Lasco Distributors closed with 225,870 shares changing hands at $4.60 after trading at an intraday 52 weeks’ high of $4.90. Lasco Financial rose 4 cents to close at a 52 weeks’ high of $3.59, with 225,870 shares changing hands, Lasco Manufacturing gained 30 cents, to close at $3.30 with 402,487 shares trading and Medical Disposables closed 30 cents higher at $3.55 with 500 shares trading.

Proven sells Knutsford shares

Proven Mb siggn Knutsford Express traded a big block of 20,000,002 shares at $10.65 with the price falling 65 cents, helping the junior market to lose ground on Tuesday. The record of the company showed Proven Investments as the holders of the exact amount traded, representing 20 percent of the shareholdings with their brokerage house being the seller with NCB Capital Markets being the brokers buying.
The junior market index falling by 24.27 points to 1,666.91 points as the market retreated from the all-time high reached on Monday. Trading ended with 14 securities trading of with 7 advanced and 2 declined with 20,742,505 units, valued at $215,634,789 changing hands as 2 stocks closed at 52 weeks’ highs.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands at $7, Blue Power had 581 units changing hands to close at $13.10, Caribbean Cream gained 43 cents with 13,000 shares changing hands at $3.70. JM trde Sht-22-12-15Caribbean Flavours traded 450 units to close at a 52 weeks’ high of $10, by adding 97 cents, Caribbean Producers closed at $4.62 to gain 17 cents with 290,856 units changing hands, Consolidated Bakeries rose 10 cents while trading 35,000 shares at $1.20, Derrimon Trading ended with 27,247 shares changing hands at $3.80. General Accident closed at $1.95 with 4,500 shares trading, Honey Bun finished with 2,000 shares changing hands, to close at $6, Lasco Distributors closed with 80,000 shares changing hands at 25 cents higher at $4.60. Lasco Financial rose 43 cents to close at a 52 weeks’ high of $3.55, with 241,631 shares changing hands and Lasco Manufacturing lost 55 cents to close at $3 with 298,484 shares trading.

Another new record for juniors

The junior market closed at a record high on Monday

The junior market closed at a record high on Monday

The junior market ended at a new record close on Monday, with the index rising 21.62 points to 1,691.18 points, surpassing the 1,676.68 points reached on November 18 this year. Monday’s gains pushed the junior market to a gain of 146 percent for the year to date.
Trading ended with 11 securities trading of with 3 advanced and 3 declined with 1,290,587 units, valued at $4,845,099 changing hands as 2 stocks closed at 52 weeks’ highs. At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging closed with 26,378 units changing hands at $7, Blue Power had 646 units changing hands to close at $13.10, Caribbean Producers closed at $4.45 to gain 5 cents with 290,856 units changing hands, Derrimon Trading ended with 10,000 shares changing hands at $3.80. Dolphin Cove closed at $17 with only 100 shares trading, JM Trde Sht 21-12-15 Honey Bun finished with 1,000 shares changing hands to close at a 52 weeks’ high of $6 after rising by 50 cents, KLE Group gained 15 cents to close at a 52 weeks’ high of $1.15, as 37,000 units changed hands. Lasco Distributors closed with 17,855 shares changing hands at $4.35 after declining by 15 cents, but it traded at an intraday 52 weeks’ high of $4.70. Lasco Financial fell 21 cents to closed at $3.12 with 461,995 shares changing hands as high as $3.50, Lasco Manufacturing rose 25 cents and closed at $3.55, with 443,813 shares trading and Sweet River ended with 944 units changing hands at $3.95.