NCB Financial is back in IC TOP10
The past week saw the initial public offers for Mailpac Group and Lumber Depot coming to the market with both being fully subscribed.
There were just two changes to the IC TOP 10 list of stocks at the end of the week. NCB Financial makes it back into the TOP 10 at the expense of JMMB Group that rose in price to $46 while the Junior Market TOP 10 welcomed Dolphin Cove while saying goodbye to Fontana.
The top three Junior Market stocks, is now led by CAC 2000 with projected gains of 200 percent, followed by MailPac Group with 180 percent and Main Event, with potential gains of 179 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 127 and Berger Paints with likely gains of 116 percent and percent is next.
The main market, closed the week with the overall PE of 18.8 and the Junior Market at 13.8, based on the current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 with the main market PE at 10.4.
The TOP 10 stocks now trade at a discount of 43 percent to the average for Junior Market stocks and main market stocks trade at a discount of 45 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
General Accident had 1,300 units crossing the exchange and gained 20 cents to end at $7.30, Honey Bun shed 5 cents in trading of 10,000 units at $6.45. Indies Pharma exchanged 19,802 units and gained 4 cents to end at $3.39, Iron Rock Insurance fell 2 cents in trading of 128,140 units at $3.48, Jamaican Teas declined by 7 cents with an exchange of 183,943 units to close at $6.23, Lasco Distributors lost 2 cents to settle at $3.89 while trading 4,004,247 shares. Lasco Manufacturing ended with a loss of 1 cent at $5.19 with 59,007 stock units changing hands, Medical Disposables closed 70 cents higher at $7.45, in trading 1,000 stock units, Stationery and Office Supplies traded 2,000 stock units and gained 6 cents to end at $11.06 and SSL Venture climbed 20 cents and exchanged 23,600 shares at $1.50.
Jamaican Teas closed trading of 41,424 units and gained 35 cents to end at $6.30, Lasco Distributors traded 500 shares, after rising 31 cents to end at $3.91, Lasco Financial climbed 15 cents and exchanged 145,200 shares at $4.15. Lasco Manufacturing ended market activity exchanging 35,100 shares to close at $5.20 after falling 2 cents, Main Event climbed 5 cents after exchanging 22,181 shares at $6.10, Paramount Trading dipped 10 cents in trading of 1,227 units at $1.75 and SSL Venture closed trading of 300 units and gained 15 cents to end at $1.30.
General Accident dropped $1.59 in trading 6,500 shares to close at $6.41. iCreate climbed 1 cent and exchanged 110,353 shares at 61 cents, Jamaican Teas exchanged 26,121 units and declined 35 cents to settle at $5.95, Jetcon Corporation closed trading of 6,200 units and gained 15 cents to end at $1.95, KLE Group ended with a loss of 1 cent at $1.75 with 4,000 stock units changing hands. Lasco Distributors traded 15,626 stock units and declined by 30 cents to settle at $3.60, Lasco Financial ended market activity exchanging 64,860 shares to close at $4 after falling 18 cents, Lasco Manufacturing lost 3 cents in trading of 25,880 units at $5.22 and Main Event climbed 15 cents and exchanged 42,877 shares at $6.05.
Trading on the Junior Market surged on Tuesday with an exchange of 12,854,412 units amounting to $57,700,892, compared to 1,518,746 units valued $8,756,192 on Monday as 29 securities changed hands, down from 34 on Monday.
In contrast, October closed with an average of 186,927 units valued at $788,734 for each security traded.
Fontana closed 16 cents higher at $7, with 137,572 stock units trading, General Accident climbed $1.50 to end at $8 with an exchange of 46,000 stock units, GWest Corporation closed with a loss of 3 cents at 95 cents, in swapping of 4,342 shares, iCreate fell 9 cents in trading of 28,984 units at 60 cents. Jetcon Corporation lost 13 cents with a transfer of just 11,000 shares to close at $1.80, Lasco Distributors climbed 57 cents and inn exchanging 7,112,148 shares at $3.90, Lasco Financial shed 12 cents in trading of 27,655 units at $4.18, Lasco Manufacturing closed trading of 312,553 units and gained 20 cents to end at $5.25.
Investors drove the Junior Market Index down 67.60 points to close at 3,293.42 on Monday after pushing the prices of 20 securities lower and just 4 higher while leaving the prices of 10 unchanged and the market’s PE at 14.3. 
In contrast, October closed with an average of 186,927 units valued at $788,734 for each security traded.
iCreate ended trading with 14,000 shares, after rising 1 cent to end at 69 cents, Iron Rock Insurance fell 10 cents in trading of 40,000 units at $3.50, ISP Finance ended market activity exchanging 360 shares to close at $32.90 after falling 9 cents. Jetcon Corporation shed 6 cents trading 18,227 units at $1.93, Lasco Distributors declined 28 cents with 19,163 units crossing the exchange at $3.33, Lasco Financial ended market activity exchanging 67,025 shares to close at $4.30 after falling 15 cents. Lasco Manufacturing lost 15 cents in trading 36,574 shares to close at $5.05, Main Event closed trading of 6,189 units and gained 26 cents to end at $5.90. Medical Disposables ended market activity exchanging 25,000 shares to close at $6.75 after falling 25 cents, Paramount Trading shed 2 cents in trading of 1,000 units at $1.85 and Stationery and Office Supplies lost 20 cents in trading of 113,564 units to close at $11.
The past week saw the release of quarterly results by several companies and that helped in reshaping IC TOP 10 list of stocks for the coming week. The Junior Market TOP 10 has 5 changes and the main market just one.
Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Junior Market Index closed trading on Friday with the prices of 10 securities advancing, 15 declining and 5 remaining unchanged, leading the Junior Market Index to eke out a minor rise of 0.72 points to close at 3,361.02. 
ISP Finance closed at $32.99 after jumping $2.99 in trading 1,000 shares. Jamaican Teas climbed 37 cents and exchanged 1,150,008 shares at $6.30 after reporting strong full-year results, Key Insurance fell 20 cents in trading of 1,800 units at $3.30. Lasco Distributors ended trading with 568,151 shares, and rose 31 cents to end at $3.61, Lasco Manufacturing climbed 20 cents and exchanged 362,459 shares at $5.20, Limners and Bards fell 16 cents in trading of 25,784 units at $2.72, Main Event lost 48 cents with 2,114 units crossing the exchange at $5.64. Medical Disposables closed trading of 1,290 units and gained 30 cents to end at $7, Paramount Trading shed 13 cents in trading of 37,100 units at $1.87 and tTech lost $1.40 in trading 18,689 shares to close at $5.50.
Junior Market Index dropped 38.60 points to close at 3,360.30 at the close of trading on Thursday with the prices of 7 securities rising, 13 declining and 8 remaining unchanged. 
Jamaican Teas ended market activity in exchanging 344,273 shares to close at $5.93 after falling 27 cents, Jetcon Corporation traded 25,300 shares, after rising 19 cents to end at $1.99, Lasco Distributors dipped 10 cents with 77,810 units crossing the exchange at $3.30. Lasco Financial shed 84 cents in trading 112,401 units at $4.45, following the release of the second-quarter results with a loss of $16 million in the quarter after making a loan loss provision of $180 million in the quarter, Limners and Bards fell 6 cents in trading 200,891 units at $2.88. Medical Disposables declined 30 cents to settle at $6.70. Paramount Trading climbed 15 cents and exchanged 10,694 shares at $2 and Stationery and Office Supplies ended trading 84,263 stock units after rising 17 cents to close at $11.20.
Junior Market trading closed with 28 securities changing hands on Wednesday, resulting in an exchange of 4,967,518 units valued at $25,373,913, compared to 1,312,567 units valued at $6,552,084 from 29 securities Passing through the market on Tuesday. 
Jamaican Teas dipped 2 cents in trading of 13,261 units at $6.20, Lasco Distributors shed 18 cents in trading of 318,006 units at $3.40, Lasco Financial closed 29 cents higher at $5.29, with an exchange of 15,000 stock units. Lasco Manufacturing lost 20 cents in trading of 64,065 units at $5, Limners and Bards ended market activity exchanging 662 shares to close at $2.94 after falling 4 cents, Main Event ended trading with 19,340 shares, after rising 77 cents to end at $6.12. Stationery and Office Supplies ended market activity exchanging 212,491 shares to close at $11.03 after falling $1.47 and tTech ended trading with 34,206 shares, after rising 60 cents to end at $6.90.