The Junior Market slipped again on Monday by 17.10 points to close at 2,935.86 after an adverse advance, decline ratio 1 to 2.
At the close of market activities, only 15 securities changed hands compared 20 securities changing hands on Friday. The prices of just 3 stocks advanced, 6 declined and 6 remained unchanged.
Trading ended with an exchange of 3,553,595 units valued at $11,612,887 compared with 1,131,667 units valued at $5,121,527.
Market activity ended with an average of 236,906 units for an average of $774,192 compared to an average of 56,583 units for an average of $256,076 on Friday.
The average volume and value for the month to date, amounts to 204,255 units at $846,336 compared to 198,056 units at $860,035 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with bids higher than the last selling prices and 8 with lower offers, suggesting the continuation of fluidity in price changes.
At the close of the market, AMG Packaging ended with a loss of 5 cents at $2, with 68,891 stock units traded, Dolphin Cove lost 10 cents to close at $17, with 6,600 stock units, Elite Diagnostic settled 5 cents higher at $3.35, with 32,504 units, Express Catering traded with a loss of 5 cents at $5.25, with 178,721 shares,
FosRich Group finished trading at $2.50, with 8,383 shares. Honey Bun concluded trading at $4.65, with 1,000 shares, Iron Rock finished at $3, with 8,060 shares, Jetcon Corporation traded at $4.10, with 13,000 units, Key Insurance finished trading with a loss of 82 cents at $3.03, with 2,950,680 shares. Knutsford Express ended at $14, with 12,199 shares, Lasco Distributors concluded trading 5 cents higher at $4.10, with 196,900 stock units, Lasco Financial finished 68 cents higher at $5.63, with 1,747 units, Lasco Manufacturing fell 14 cents to $4, with 34,493 shares trading, Paramount Trading finished trading with a loss of 2 cents at $3.08, after exchanging 24,271 stock units and Stationery and Office closed at $5.55, with 16,146 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
9 Junior Market stocks up 5 down – Friday
The Junior Market slipped again on Friday by 5.49 points to close at 2,952.96 even as advancing stocks beat out declining stocks by almost a 2 to 1 ratio.
At the close of market activities, more securities traded than the day before but with lower volume as 20 securities changed hands. The prices of 9 advanced, 5 declined and 6 remained unchanged, compared 17 securities changing hands on Thursday.
Trading ended with an exchange of 1,131,667 units valued at $5,121,527 compared with 2,627,003 units valued at $9,951,186.
Market activity ended with an average of 56,583 units for an average of $256,076 compared to an average of 154,530 units for an average of $585,364 on Thursday. The average volume and value for the month to date, amounts to 198,056 units at $860,035 compared to 246,012 units at $1,064,766 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with the bid higher than the last selling price and 7 with lower offers, suggesting the continuation of fluidity in price changes.
At the close of the market, AMG Packaging ended 5 cents higher at $2.05, with 41,930 stock units changing hands, CAC 2000 finished with a loss of 69 cents at $8.01, with 12,000 shares, Caribbean Flavours traded at $11, with 7,300 stock units, Caribbean Producers finished trading at $5, with 455,060 units, Dolphin Cove finished at $17.10, with 600 stock units trading. Elite Diagnostic settled with a loss of 1 cent at $3.30, with an exchange of 81,202 units after trading earlier in the session at a record high of $3.45. Express Catering traded 5 cents higher at $5.30, with 58,020 shares, FosRich Group finished trading at $2.50, with 24,058 shares, Jetcon Corporation traded with a loss of 5 cents at $4.10, while trading 37,746 units. Key Insurance finished trading with a loss of 15 cents at $3.85, with 47,669 shares,
KLE Group closed 3 cents higher at $2.53, with 3,529 shares, Knutsford Express ended at $14, with 300 shares, Lasco Distributors concluded trading 5 cents higher at $4.05, with 136,039 stock units. Lasco Financial finished with a loss of 75 cents at $4.95, with 59,950 units, Lasco Manufacturing settled 15 cents higher at $4.14, with 104,000 shares, Main Event ended trading at $6, with 500 shares, Medical Disposables traded 10 cents higher at $5.10, with 1,798 shares. Paramount Trading rose by 2 cents to end at $3.10, with 21,265 stock units, Stationery and Office closed 5 cents higher at $5.55, with 27,209 units and tTech concluded trading 2 cents higher at $5.99, with 11,492 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Purity can turn around 2017 loss this year

Consolidated Bakeries (Purity) make a loss in 2017 but could return to profit in 2018.
Profit melted away at Consolidated Bakeries for 2017 with a loss of $40 million down from a profit of $10 million in 2016 from sale revenues that slipped from $880 million to $863 million.
The company continued the loss right through to the year with a loss of $9 million before differed tax charge in the final quarter but the 2017 loss was lower than the loss of $20 million in the same period in 2016. Closer examination of the results show hope for the company going forward, into 2018
While revenues for the year fell 2 percent it rose 10 percent in the December quarter and helped to improve gross profit to 39 percent from just 31 percent in 2016 quarter. The 2017 final quarter was also much higher than the 35 percent for the full year.
Cost appeared mixed, with marketing and sales expenses rising 31 percent to $55 million and 17 percent to $158 million as this category of cost out stripped revenues by a big margin.
Administrative expenses fell 41 percent to $23 million in the quarter and fell 3 percent for the year to $158 million. Finance cost jumped in the quarter, to $16 million from $7 million, in 2016 and from $12 million to $19 million for the year.

Consolidated Bakeries Miss Birdie Easter bun.
Revaluation of the Jamaican dollar cost the company $4 in the final quarter and resulted in reduction in other income ending with a negative $2.5 million versus $5.5 in 2016 and just 875,000 for the full year versus $9 million, while the big jump in Finance cost in the December quarter seems to be one off, as such without these two items the company would have reported a profit for the quarter and augurs well for the 2018 results.
Gross cash flow was negative $7 million but growth in receivables, inventories, addition to fixed assets and drawn down on investments was offset by net loan inflows and increased payables and increased in bank overdraft ended at $74 million. At the end of December, shareholders’ equity stands at $716 million which was boosted by gain on revaluation of land and building by $206 million. Borrowings at just $135 million. Net current assets ended the period $92 million well over payables of $77 million.
Earnings per share was negative for the quarter and the fiscal year. The stock traded at $2 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 12 times 2018 estimated earnings of 17 cents. Earnings could be more if revenues were to increase above 10 percent for 2018.
Paramount’s lubricant plant in operation

New Lubricant plant at Walton Park Road
Profit at Paramount Trading, jumped 137 percent to $34 in the first quarter to August last year, but declined by 35 percent in the November quarter, to $24 million from $37 million in 2016.
For the six months to November, profit rose only 13 percent to $58 million from $51 million in 2016. Sale revenues rose 28 percent for the November quarter, to $257 million from $200 million in 2016 and increased 31 percent for the year to date, to $487 million from $370 million in 2016.
The board of directors in their report to shareholders accompanying the quarterly, stated that “our lubricant business line produced strong sales during the quarter when compared to the last year growing $28 million or 261 percent and by $41.6 million with a 248 percent increase year to date. Technical grade product sales grew by $47 million or 137 on quarterly basis and $83 million or 133 percent year over the period year. We expect this trend to continue into the last two quarters.”

Processing and storage tanks inside factory.
Profit margin declined in the November quarter to 28 percent from 30 percent in the 2016, and slipped to 29 percent from 31 percent for the year to date period. The effect, gross profit rose 15 percent in the quarter to $99 million from $86 million and 19 percent for the year to date, to $200 million from $169 million in 2016.
While revenues rose solidly, so did administrative expenses that jumped 47 percent to $72 million in the quarter and increased 13 percent in the six months period to $121 million. Finance cost declined in the quarter, to a negative $2 million from $4 million in 2016 and from $7 million to $1.5 million for the half year.
Earnings per share came out at 1.5 cents for the quarter and 3.7 cents for the six months and should end the fiscal year ending to March around 25 cents with four months production and sales from the lubricant plant and the expanded chlorine and bleach operations.
Gross cash flow, brought in $72 million but growth in receivables, inventories, addition to fixed assets offset by loan inflows and reduced Payables wiped out the gains.

Another view inside of the factory.
Shareholders’ equity stands at $739 million with borrowings at just $77 million. Net current assets ended the period at $486 million, well over payables of $237 million. Inventories rose to $394 million from $320 million at the end of November 2016 and receivables climbed to $321 million from $238 million with cash and investments ending at $78 million.
The company commenced operation of the joint venture lubricant plant from around a month ago as well as production of bleach, an addition of a new product line. When the lubricant plant was announced in 2015, the estimate for revenues was in the US$5 million range but now that Alpart is reopened, the amount should rise.
The stock traded at $3.10 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 5.6 times IC Insider.com, 2019 earnings of around 55 cents per share.
The Junior Market slipped 8.33 points to close at 2,958.45 on Thursday as declining stocks beat advancing almost by a 2 to 1 ratio as the number of companies trading fell from Wednesday’s level.
Market activity ended with an average of 154,530 units for an average of $585,364 compared to an average of 77,246 units for an average of $312,402 on Wednesday. The average volume and value for the month to date, amounts to 246,012 units at $1,064,766 compared to 283,041 units at $1,258,810 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
Eppley ended trading 13,000 shares and rose 10 cents to $9.60, Express Catering lost 10 cents at $5.25, with 291,235 shares trading, General Accident closed with a loss of 5 cents at $2.95, exchanging 22,000 stock units, GWest Corporation ended with a loss of 1 cent at $3.09, exchanging 35,475 units. Honey Bun concluded trading after falling 5 cents to $4.65, with 6,000 shares, Jamaican Teas ended trading at $5.30, with 25,000 stock units, Jetcon Corporation traded 10 cents higher at $4.15, with 81,862 units, Key Insurance finished trading with a loss of 65 cents at $4, after 501,651 shares changed hands. Lasco Distributors lost 5 cents to end at $4, with 853,641 stock units, Lasco Financial finished 70 cents higher at $5.70, with 24,256 units, Lasco Manufacturing settled with a loss of 1 cent at $3.99, with 52,230 shares and Medical Disposables traded at $5, with just 400 shares changing hands.
March closed with an average of 149,999 units valued at $623,819, for each security traded.

At the close of the market, AMG Packaging ended with a loss of 17 cents at $2, with 162,028 stock units, Cargo Handlers settled at $10, with 2,347 shares, Caribbean Producers finished trading at $5, with 53,540 units, Consolidated Bakeries closed 2 cents higher at $2.02, with 40,000 shares, Dolphin Cove finished at $17.10, with 350 stock units. Elite Diagnostic settled at $3.25, with 244,041 units, FosRich Group finished trading with a loss of 10 cents at $2.50, with 4,287 shares, General Accident closed with a loss of 10 cents at $3, with 89,649 stock units, GWest Corporation ended at $3.20, with 12,254 units. Honey Bun concluded trading at $4.65, with 9,434,940 shares, ISP Finance settled at $15, with 5,000 shares,
Jamaican Teas ended trading at $4.78, with 11,842 stock units, Jetcon Corporation traded with a loss of 10 cents at $4.05, with 23,588 units. Knutsford Express ended with a loss of 8 cents at $14.40, with 543 shares, Lasco Distributors concluded trading at $4.05, with 2,000 stock units, Lasco Financial finished 10 cents higher at $5, with 94,008 units, Lasco Manufacturing settled at $4.12, with 700 shares. Main Event ended trading 10 cents higher at $6, with 36,317 shares, Paramount Trading finished trading with a loss of 1 cent at $3.09, with 44,524 stock units, Stationery and Office closed 2 cents higher at $5.52, with 3,507 units and tTech concluded trading 82 cents higher at $5.97, with 100 shares changing hands.
The Junior Market made further gain at the on Thursday with an advanced by 29.83 points to close at 2,958.51 as advancing stocks outnumbered decliners nearly 3 to 1.
February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
Express Catering traded at an all-time intraday high of $6 but ended with a loss of 18 cents at $5.30, with 241,743 shares, FosRich Group finished trading 10 cents higher at $2.60, with 92,684 shares, General Accident closed 25 cents higher at $3.10, with 16,244 stock units, GWest Corporation ended 10 cents higher at $3.20, with 100,620 units. Honey Bun concluded trading at $4.65, with 1,950 shares, Iron Rock finished at $3, with 15,200 shares, Jamaican Teas ended trading 3 cents higher at $4.78, with 336 stock units, Jetcon Corporation traded with a loss of 8 cents at $4.15, with 45,119 units. Key Insurance finished trading 80 cents higher at $4.65, with 7,805 shares, KLE Group closed 20 cents higher at $2.50, with 51,000 shares, Knutsford Express ended at $14.48, with 13,403 shares, Lasco Distributors concluded trading 1 cent higher at $4.05, with 205,200 stock units. Lasco Financial finished with a loss of 2 cents at $4.90, with 29,199 units, Lasco Manufacturing settled 12 cents higher at $4.12, with 130,600 shares, Paramount Trading rose 10 cents to end at $3.10, with 245 stock units and Stationery and Office closed at $5.50, with 227,976 units changing hands.
February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
General Accident closed with a loss of 34 cents at $2.85, with 500,000 stock units, GWest Corporation ended 40 cents higher at $3.10, with 3,916,380 units, Honey Bun concluded trading 25 cents higher at $4.65, with 4,200 shares, 
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 4 stocks ending with the bid higher than the last selling price and 6 with lower offers.
Jamaican Teas ended trading with a loss of 6 cents at $4.45, with 48,552 stock units, Jetcon Corporation traded at $4.25, with 45,338 units, Key Insurance finished trading with a loss of 25 cents at $3.85, with 1,002,431 shares, Knutsford Express ended with a loss of $1 at $13, with 17,804 shares. Lasco Distributors concluded trading at $4.05, with 3,385,845 stock units changing hands, Lasco Financial finished at $4.92, with 106,216 units, Lasco Manufacturing settled 25 cents higher at $4.25, with 1,693,871 shares, Main Event ended trading 9 cents higher at $5.90, with 36,685 shares. Medical Disposables traded at $5, with 5,746 shares, Paramount Trading finished trading with a loss of 15 cents at $3, with 50,677 stock units and Stationery and Office closed at $5.50, with 2,727 units changing hands.