Carreras & NCB up $1

JSE sum 16-6-14 pic
Carreras and National Commercial Bank gained $1 each in moderate trading Monday on the Jamaica Stock Exchange as the prices of 4 stocks rose and 4 declined with 19 securities traded, resulting in 4,229,295 shares trading valued at $47,344,274, both the volume and value of traded were higher than on Friday but the number of securities traded were down from 25 previously.
Main Market| The JSE Market Index gained 683.89 points to 71,180.53 and the JSE All Jamaican Composite index moved 764.72 points to close at 78,300.96.
Gains| Stocks recording gains at the end of trading in the main market are Carreras had 28,057 units changing hands with a gain of $1 in closing at $34.50, Jamaica Money Market Brokers with 93,767 ordinary shares closing at 10 higher at $6.60, National Commercial Bank with 15,940 shares, gained a $1 to end at $18 and Scotia Group saw 1,599,574 units changing hands to close 20 cents higher at $19.50.

Firm| The stocks in the main market to close without a change in price are Grace Kennedy 15,000 units to close at $54, Hardware & Lumber 300 shares to close at $10, Jamaica Broilers with 34,000 units to close at $4.57, Radio Jamaica 5,370 shares to close at $1.29, Sagicor Group with 958,732 units to close at $9.10 and Seprod 61,832 shares to close at $10.50.
Preference| Jamaica Money Market Brokers 8.75% share traded 1,157,770 units to close at $3.05.
Declines| The number of stocks that declined in the main market are Caribbean Cement 141,566 units to close 5 cents lower at $2, Mayberry Investments with 2,522 units to close at 8 cents at $1.65, Pan Jamaican Investment 250 shares to close 5 cents lower at $48.05.

Junior Market| The JSE Junior Market Index declined by 0.66 points to close at 714.76 as only 5 stocks traded with none advancing and 1 declining.
Firm Trades| The stocks in the junior market stocks that traded to close at the same price as the previous trading day are Consolidated Bakeries with 10,100 shares to close 90 cents, General Accident 16,640 units to close at $1.36, Lasco Distributors with 83,465 shares to close $1.21 and Lasco Manufacturing 1,410 units to close at $1.05
Declines| The stock declining in the junior market at the end of trading is Lasco Financial with only 3,000 units to close at $1.13 with a 2 cents loss.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.

Carreras up $1,NCB up $1top movers

Carreras was up $1 to $34.50 while trading 28,057 shares, NCB gained $1 to $18 with 4,140 units trading and Sagicor Group with 958,732 units and Scotia Group with 1,597,476 units trading were the top stocks with 15 minutes of trading to go in Mondays trading on the Jamaican Stock Exchange.

JIIC Profit almost drowns

JIIC logoGrace Kennedy’s subsidiary Jamaica International Insurance (JIIC) was almost fully drowned by sharply increased claims losses in 2013 of $1.89 billion, up from $1.34 billion in 2012 resulting in a small profit of only $17 million as gross premium income rose from $4.18 billion to $4.3 billion and investment income rose by $130 million to $542 million, mainly due to foreign exchange gains of $114 million that increased by $65 million. In 2012 the company made profit after tax of $180 million.

During the year the company reviewed its claims provisioning and increased the provision for claims in the third quarter of the year resulting in losses up to the quarter.

Profit in 2013 fell even as administrative cost was held steady at $813 million in both years.

At year end JIC boast total assets of $7.5 billion a slight increase over the $7.24 billion at the end of 2012, at the end of 2011 assets stood at $6.5. Shareholders’ equity stands at $2 billion at December 2013. The asset base put JIIC just below Guardian General with assets of $8.65 billion at the end of 2013 but almost twice the size of General Accident with assets of $4.26 billion.

Ground lost as 9 stocks rose 7 declined

Add your HTML code here...

JSE sum -5-6-14In Thursday’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 7 declined as 26 securities traded resulting in 2,457,435 units trading valued at $11,593,613.
Main Market| 8 companies in the main market advanced and 4 declined as the indices moved down with the JSE Market Index falling by 572.35 points to 70248.85 and the JSE All Jamaican Composite index slipped by 639.99 points to 77,259.18.
Gains| Stocks recording gains at the end of trading in the main market are Berger Paints with 3,918 units changing hands as the price lost 4 cents to close at $1.70, Cable & Wireless stock price rose a cent while trading 105,580 shares to close at 29 cents, Carreras had 12,158 shares changing hands to close 5 cents higher at $35.30, Mayberry Investments 81,150 units and the price inched up a cent to close at $1.81, National Commercial Bank 30,740 units, the price was up 3 cents to close at $17.50, Pan Jamaican Investment gained a $1.60 to close at $50 while trading 27,022 units between $49 and $50, Sagicor Group exchanged 127,865 shares to close with a gain of 10 cents at $9 and Salada Foods gained 40 cents to close at $8 as 2,885 shares traded.
Firm| There were only 5 stocks in the main market to close without a change in price as Desnoes & Geddes with 107,900 shares closed at $4.25, Grace Kennedy with 16,026 shares ended at $54, Scotia Group 23,851 traded shares to close at $19.10, Scotia Investments saw trading in only 563 units to close at $23 and Supreme Ventures with 15,000 shares closed at $2.
Declines| The stocks that declined in the main market are Jamaica Broilers with 19,083 shares as the price lost 11 cents to end at $4.60, Jamaica Producers fell $1.24 to close at $17 as 122,777 units were traded, JMMB lost 30 cents to close at $6.70 while trading 1,210 shares, in spite of an 80 percent jump in ongoing earnings to March this year, Sagicor Real Estate Fund had 25,600 units changing hands with a loss of 20 cents to $6.50, Margaritaville fr0m the US dollar market traded 2,000 shares to close with a cent loss at 11 US cents.
 
Preference Shares| The Preference sector continues to exhibit life with 4 listed stocks trading as Eppley 9.5% preference share traded 50,000 units to close up by 8 cents at $6.10, Jamaica Money Market Brokers 7.50% preference share traded 17,200 units to close at $2, Jamaica Money Market Brokers 8.75% preference share traded 888,287 units to close at $3.03 and Jamaica Money Market Brokers 7.25% preference share had 2,500 units changing hands as the price fell 4 cents to $2.45.
 
Junior Market| The JSE Junior Market Index declined by 7.63 points to close at 728.57 as 5 stocks traded with 1 advancing and 2 declining.
Gains| The only stock recording gains at the end of trading in the junior market is Eppley preference share.
Firm Trades| 3 stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 2,000 shares to close at $13.50, Caribbean Cream 200,000 shares at 75 cents and Lasco Financial with 7,000 units to close at $1.15.
Declines| The stock declining in the junior market at the end of trading was Lasco Manufacturing with 565,120 shares changing hands at 6 cents lower at $1.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

 

 

Market on rebounds

In Monday’s trading on the Jamaica Stock Exchange the market rebounded when measured by the main market indices but the junior market index slipped. At the close, the IC bid-offer Indicator was flashing a strong signal of further rebound in prices. The main market indices recorded gains as the prices of 8 stocks rose and 11 declined with 28 securities traded in both markets resulting in 53,344,226 units changing hands valued at $30,050,258. C2W Music had one trade of 50,895,843 units valued at $21.37 million.
JSE sum12-5-14Main Market| AT the end of trading the JSE Market Index rose by 466.57 points to 72,492.60 and the JSE All Jamaican Composite index gained 521.70 points to close at 79,768.08 as all 8 stocks to rise came from this market while 5 declined.
Gains| Stocks recording gains at the end of trading in the main market are Caribbean Cement, trading 54,218 shares to close with a gain of 10 cents at $3.60, Carreras gained 35 cents to close at $34 with 1,000 units changing hands, Grace Kennedy traded 2,306 units to close at $56.50 with 50 cents gain, National Commercial Bank closed with 26,424 shares changing hands as the price close at $18.10 with a 10 cents gain but it traded as low as $17.16 before recovering towards the end of trading. Sagicor Group exchanged 62,900 units in closing 15 cents higher at $9.15, Sagicor Real Estate Fund traded 42,500 units at 30 cents higher in closing at $6.30, Scotia Group put in only 14,288 shares to end a cent higher at $19.51 and Seprod gained 70 cents with 5,000 units to close at $11.25 after the company reported increased profit in the quarter to March with a 50 percent increase to $473 million or 77 cents per share from operating revenue increase, of only 4 percent.
Firm| The stocks in the main market to close without change in price are Jamaica Money Market Brokers 8.75% preference share with 160,000 units to close at $3.03, Mayberry Investments with 18,858 shares while closing at $1.71, Pan Jamaican Investment with 10,800 shares while closing at $48.06, Proven Investments 67,200 units to close at 18US cents and Proven Investments 8% preference share 1,850 units to close at $5.09.
Declines| The stocks that declined in the main market are Desnoes & Geddes with 35,559 units while losing a cent to end at $4.49, Jamaica Broilers 62,900 units in closing at $4.71, down 9 cents, Jamaica Money Market Brokers 13,113 shares to close at $7.30 with a cent off, Jamaica Stock Exchange 925 units in closing at $1.95 as the price eased 5 cents and Kingston Wharves 8,300 shares to close 24 cents lower at $5.75.
Junior Market| The JSE Junior Market Index declined by 10.60 points to close at 735.64 as 10 stocks traded with none recording a price gain and 6 declining.
Firm Trades| The stocks trading in the junior market to close at the same price as the day before are Access Financial with 121,400 units to close at $11.50, Caribbean Cream with 1,250 units to close at 79 cents, Consolidated Bakeries with 3,000 shares in closing at $1.10 and Lasco Distributors with 1,357,149 shares to close at $1.35.
Declines| Stocks declining in the junior market at the end of trading are AMG Packaging trading 1,000 units at $3.49 as the price slipped a cent, C2W Music with 50,895,843 shares as the price lost 3 cents to end at 42 cents, KLE Group with 138,703 as the price eased by a cent for a new 52 weeks low of 93 cents, Lasco Financial 69,751 shares at 12 cents lower to end at $1.08, Lasco Manufacturing 102,884 shares as it closed at $1.14 for a 6 cents decline and Medical Disposables with 65,105 units to close with a cent off at $2.04.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with the bid higher than the last selling price and 7 stocks with offers that were lower.

Advancing stocks top declines

In Monday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 3 declined as 21 securities traded resulting in 5,426,535 shares changing hands valued at $14,802,328. The IC market sentiment indicator is pointing to continued fluidity in prices with almost an even number of stocks with bids and offers above or below their last traded prices.
JSE 5-5-14
Main Market| 5 companies in the main market advanced, only 3 declined as the indices moved down with the JSE Market Index falling by 603.54 points to 73,988.69 and the JSE All Jamaican Composite index declining by 674.86 points to close at 81,440.97.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless trading 16,832 shares to close with a gain of one cent at 41 cents, Desnoes & Geddes gained 20 cents to close at $4.50 with 450 units changing hands, National Commercial Bank 1,690 shares to close at $18.30 with a gain of 20 cents, Pan Jamaican Investment with 101,574 shares to close at $49.28, up 23 cents. Radio Jamaica had 4,900,000 units changing hands to close with a 4 cents gain at $1.32.
Firm| There were only 6 stocks in the main market to close without a change in price as Gleaner with 22,980 shares closed at $1.10, Grace Kennedy 810 units helped the price to close at $56.51, Jamaica Broilers traded 113,552 shares to close at $4.85, Mayberry Investments with 1,020 shares closed at $1.70, Sagicor Real Estate Fund traded 11,930 units to close at $6.50 and Scotia Group with 18,575 units closed at $20.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers with 1,298 shares in losing 2 cents to end at $7.22, Sagicor Group 106,867 shares to close down by 30 cents at $9.50 and Seprod with 1,022 at $10.80 for a 4 cents fall.
Junior Market| The JSE Junior Market Index advanced by 2.92 points to close at 754.26 as only 6 stocks traded in that market.
Gains| Lasco Manufacturing was the only stock recording a gain at the end of trading in the junior market as 44,697 shares changed hands to close up by 9 cents at $1.19.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are AMG Packaging with 500 units at $3.50, Blue Power with 19,438 units at $9.01, Derrimon Trading 12,000 units at $2.28, Lasco Distributors 37,300 shares at $1.40 and Lasco Financial Services 14,000 units at $1.20. Access Financial 9% Unsecured Short Term Notes traded 9,000 units at $99.50.
Declines| No stock declined in the junior market at the end of trading on Monday.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower.

Market directionless

In Thursday’s trading on the Jamaica Stock Exchange, the market was directionless with advancing stocks numbering just below declining ones and the IC market indicator showing investors in a tussle over the immediate future direction of the market. Prices of 6 stocks rose and 8 declined as 20 securities traded resulting in 3,602,192 shares changing hands valued at $19,621,158 in another lacklustre session.
JSE sum 1-5-14Main Market| All advancing shares in the market was in the main market and all but one stock that declined was also in this market, but the indices moved up slightly, with the JSE Market Index inching up by just 1.23 points to 74,599.03 and the JSE All Jamaican Composite index edging up by only 1.38 points to close at 82,123.43.
Gains| Stocks recording gains at the end of trading in the main market are Berger Paints trading 89,657 unitss to close with a gain of a cent at $1.68, Caribbean Cement gained 21 cents to close at $3.91 with 20,500 units changing hands, Carreras traded 443 shares to close 6 cents higher at $33.56, Ciboney with 50,000 shares by increasing by a cent to close at 12 cents for a new 52 weeks high, Grace Kennedy 7,439 shares with a gain of $1 to close at $58 and Jamaica Money Market Brokers with 451,214 ordinary shares to close up by 4 cents at $7.24.
Firm| There were only 5 stocks in the main market to close without a change in price as Gleaner with 228,484 shares closed at $1.10, Hardware & Lumber traded 3,300 units and closed at $11.70, Mayberry Investments with 3,060 units closed at $1.70, Scotia Group had 59,888 units changing hands to close at $20.62 and Seprod traded 685 shares in closing at $10.84.
Declines| The number of stocks that declined in the main market are Cable & Wireless with 1,500,888 units while losing a cent to end at 40 cents, Desnoes & Geddes with 76,472 shares to end at $4.30 as the price lost 30 cents, Jamaica Broilers with 450,872 shares to close at $4.86, down 4 cents, Jamaica Producers that traded 6,600 units to close at $18.26 while losing 4 cents, National Commercial Bank 571,665 shares as the price closed with a 10 cents lost, at $18, Sagicor Group had 50,529 units changing hands to close with a fall of 71 cents to $9.50 and Salada Foods 2,400 shares to close 45 cents lower, to end at $7.50
Junior Market| The JSE Junior Market Index declined by 0.59 points to close at 743.20 as only 2 junior market stocks traded at the end of the trading session.
Gains| No stock gained at the end of trading in the junior market.
Firm Trades| Lasco Manufacturing was the only stock in the junior market that traded to close at the same price as the previous trading day with 27,096 units to end at $1.20.
Declines| Caribbean Producers was the only stock declining in the junior market at the end of trading as the price fell 9 cents to close at $2.91 as it traded a mere 1,000 units.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.

Proven – growth by acquisition

Proven Investments‘ growth by acquisition took a leap forward with the announcement that they came to an agreement with conglomerate Grace Kennedy to acquire all the shares of First Global Financial Services Limited (FGFS) from First Global Holdings Limited. The agreement was signed on April 24, 2014.  This acquisition is subject to regulatory approval. Grace Kennedy stated in a release to the Jamaica Stock Exchange that the transaction is valued at $3.05 billion but excludes the seat on the exchange that the Grace group will keep.

First Global Financial Services Limited, FGFS was established in April 2004, as part of the Grace Kennedy Financial Services Division re-branding and consolidation exercise, when George & Branday Securities Ltd assumed the First Global brand name of First Global Financial Services Limited. Later, FGFS acquired the operations of FGB Securities Limited, First Global Stockbrokers Limited, Grace Kennedy Properties Limited, First Global Insurance Limited, and Grace Pension Management Limited.

The acquisition will swell the assets of Proven which stood at US$146.4 million at the end of 2013. It is expected that the two entities will be merged resulting in a cut in operating cost. FGS is said to have $22 billion in assets plus assets managed for third parties off the balance sheet amounting to $60 billion. Not all of the assets may move over as some clients could opt to shift to other entities within the financial industry. If history is anything to go by, the bulk of the assets should continue with the new owners once the deal is concluded.

Grace plans to use the proceeds to expand First Global Bank locally and the group’s financial services regionally.

Related post | FX gains & securities boost Proven

Is Access now a takeover target?

Despite an 88.6 percent jump in provision for bad loans and infighting within the board, Access Financial Services reported impressive increase in profit for the March quarter with revenues climbing 46 percent to $253 million and profits of $80 million versus $61.5 in 2013. Wages grew by 30 percent to $65 million and other operating expenses climbed by 33 percent both at a slower pace than revenues.

No provision has been made for taxation but the company should be subject to tax on profit in the last quarter at 50 percent of the tax rate for that quarter’s profit.

At the end of the quarter, the balance sheet shows assets of $1.298 billion slightly higher than the $1.27 billion at the end of December last year. In the past the figures at the end of the March quarter usually show a contraction as much of the increased lending ahead of the Christmas period is repaid. Loans outstanding are up strongly by 48 percent to $1.12 billion, almost the same amount at the end of December.

Access should, if they are able to overcome the directorship and management issues, end up with earnings per share around the $1.50 level for the current year. Investors, who would buy into it now, would need to have a long term view of it based on where the price is now — unless of course, there is a hostile takeover that could well push the price up.

Related posts | Access CEO moved but… | Access & its CEO in Court | Access moved to Market Watch

NCB ups dividend as profit climbs

National Commercial Bank approved an increased dividend payment of 35 cents per share payable on May 22, 2014 for stockholders on record as at May 9, 2014.  For the same March quarter last year, the bank cut the dividend paid on May 24 to 16 cents per share, down from 23 cents they paid in March 2012. A dividend of 32 cents per ordinary stock was paid on February 20 this year.

NCB also released the second quarter results to March and as expected the results showed strong improvement over the 2013 quarter with a net profit of $2.99 billion, up from the NDX affected $1.74 billion in 2013. The latest quarterly figures exceeds the amount reported in the December quarter when they made $2.86 billion, which was boosted by a $300 million gain from acquisition of a subsidiary. Without that one off non-operating income, profit would have grown by 17 percent over the December 2013.

NCB_TheAtrium280x150Huge progress has been made in recovering from the negative impact that the NDX debt swap had on net interest income last year as $5.89 billion to $6.11 billion. For the six months to March, the bank generated net profit $5.85 billion, up from $4.53 billion last year resulting in earnings per share of $2.38 for the current year to date. In achieving these results, NCB was able to put a hold on expenses in the March quarter compared with the December quarter. The latest figures of $6.97 billion are slightly higher by just $74 million than the March 2013 quarter. For the year to March, expenses are up by $1.73 billion to $14.3 billion.

The bank is to be on target to clock around $5 per share earnings for the current fiscal year that ends in September.

The bank grew loans from $141.1 billion to just over $150.5 billion and made provision for bad loans of $492 million versus $390 million in December and $494 million in the 2013 March quarter. For the 2014 six months period, bad loan provisioning amounted to $882 million, a decline from $1.07 billion.

Related posts | 39% hike for NCB dividend | NCB ill-fated IPO cost $680m NDX slaps NCB profits

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.