7 stocks up 3 down for juniors

August 31, 2015 by

Blue Power jumped to a 52 weeks' high of $14 on Monday

Blue Power jumped to a 52 weeks’ high of $14 on Monday

Trading picked finished on Monday with 896,833 units, valued at $2,532,872 changing hands from a total of 13 securities that traded. Only 3 stocks declined and 7 advanced with the junior market index gaining 9.69 points to close at 959.68.
At the close, 5 securities ended with no bids to buy, while 4 had no stocks being offered for sale and 4 stocks closed with bids higher than the last traded prices and none with the offer being lower.
Stocks trading are, Access Financial ended at $16.50 with a gain of $3.50 with 13,547 units changing hands, Blue Power rose $1.70 to a new 52 weeks’ high of $14 while 3,000 shares traded, Caribbean Cream ended with 300,018 shares changing hands at $2 for a 30 cents increase. Caribbean Producers traded 10,006 units at $2.51, for a decline of 9 cents, Consolidated Bakeries traded 17,950 shares at $1.20 after shedding 9 cents, Dolphin Cove JM Trade 31-8-15gained 85 cents to $13, while 62,000 shares traded, General Accident Insurance traded 30,000 units at $1.42, Honey Bun with 11,358 shares changing hands, closed with a gain of 25 cents at $4.25, for a 52 weeks’ high, Jamaican Teas had 4,149 shares trading, to close at $3.10, Lasco Distributors was up 8 cents to $1.70, with 224,468 units changing hands. Lasco Financial closed with 57,133 units trading to end at $1.65, after rising 1 cent, Lasco Manufacturing gained 10 cents in closing at $1.90 with 129,204 units changing hands and Medical Disposables traded 22,000 shares to close unchanged at $2.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , ,

Limited trading on junior market

August 27, 2015 by

Trading finished with limited activity with just 7 securities changing hands. At the close 2 stocks declined and 3 gained, resulting in only 49,128 units, valued at $108,535 changing hands. The market gained 22.29 points to close at 938.07.
At the close, 4 securities ended with no bids to buy, while 2 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and 1 with the offer being lower.
JM Trade 2708-15Stocks trading are, Access Financial Services finished with 1,000 shares to close at $13, with a gain of $2, Caribbean Cream ended with 2,600 shares changing hands at $1.70 for an increase of 10 cents, General Accident Insurance traded 10,000 units with the price closing unchanged at $1.42, after shedding 8 cents. Jamaican Teas had 10,000 shares trading to close at $3.10 after losing 2 cents, Lasco Distributors closed with 12,390 units trading, to end at $1.62, the stock closed with the bid at $1.65 to buy 500,000 shares. Lasco Manufacturing gained 8 cents in closing at $1.80 with 12,613 units changing hands and Paramount Trading ended with 565 units changing hands unchanged at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , ,

Lasco Manufacturing trades 14m shares

August 26, 2015 by

Lasco's water treatment machines - there was more than 12M units trading on Wednesday.

Lasco’s water treatment machines – there was more than 12M units trading on Wednesday.

Trading finished with 4 stocks declining and 4 gaining out of 14 securities that traded, resulting in 14,253,052 units, valued at $25,233,568 changing hands with Lasco Manufacturing accounting for 12,053,445 units valued at $20.73 million, 12 million units was embodied in one trade relating to VMBS Wealth Management pension assets for clients. The market lost 2.70 points to close at 915.78.
At the close, 4 securities ended with no bids to buy, while 3 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and 2 with the offers being lower.
Stocks trading are, Access Financial Services with 100 shares to close at $11, with a gain of 50 cents. At the close the bid was at $12 to buy 2,000 units, AMG Packaging closed with a loss of 21 cents at $3.74 with 290,000 units changing hands, Blue Power closed with 4,806 units changing hands to close at $12.30 with a loss of 5 cents. Caribbean Producers traded just 939 units with a loss of 17 cents at $2.72, Consolidated Bakeries traded 30,000 shares at $1.29 after shedding 24 cents, General Accident Insurance traded 70,200 units with the price closing unchanged at $1.50, Honey Bun ended with 17,662 shares trading unchanged at $3.70, Jamaican Teas had only 196 shares trading to close at $3.12.JM - Trade 26-08-15 Lasco Distributors closed with 1,594,030 units trading, ended with a gain of 2 cents at $1.62. Lasco Financial ended with 124,699 shares changing hands at $1.80, for a rise of 17 cents, Lasco Manufacturing gained 2 cents in closing at $1.72 with 12,053,445 units changing hands. Medical Disposables traded 13,000 shares to close unchanged at $2.50, Paramount Trading ended with 3,975 units changing hands unchanged at $6 and Eppley cumulative preference share 2019, ended with 50,000 units changing hands at $6.05.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Junior market drops 12% from peak

August 25, 2015 by
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JSE sign Trading finished with 4 stocks declining and 1 gaining out of 12 securities that traded, resulting in 3,952,442 units, valued at $11,099,945 changing hands. The market lost 30.25 points to close at 918.48, having shed 122 points or 12 percent since it peaked at 1,040.59 on August 11.
The August decline is a bit worse than the 10 percent pull back, after it recorded a peak of 934.69 on June 10, to bottom out on July 27. The sharp movement by junior market stocks is characteristic of the market around the release of results going back from the early days of the junior market index. At the close, 4 securities ended with no bids to buy, while 4 had no stocks being offered for sale and 2 stocks closed with bids higher than the last traded prices and 4 with the offers being lower.
Stocks trading are, Access Financial Services traded 1,500 shares to close at $10.50, with a gain of 50 cents at the close the bid was at $11 to buy 1,000 units. The stock has been trading on thin volumes, with support mostly around the $10 region. AMG Packaging closed at $3.95 with 4,000 units changing hands, Caribbean Cream traded 67,000 units to close 20 cents lower at $1.60. JM Trade 25-08-15Caribbean Flavours traded 10,000 units unchanged at $2.75, Caribbean Producers traded just 3,077 units at $2.72, General Accident Insurance traded 274,062 units with the price closing unchanged at $1.50, Jamaican Teas had 2,000,000 shares trading to close at $3.12, Lasco Distributors closed with 476,042 units trading, ended down 20 cents at $1.60. Lasco Financial ended with 500,000 shares changing hands at $1.63 for a fall of 2 cents, Lasco Manufacturing with 240,261 units changing hands, closed at $1.70, with a fall of 15 cents, Paramount Trading ended with 2,500 units trading unchanged at $6 and Eppley 9.5% preference share ended with 374,000 units changing hands at $6.05.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , ,

Access drops 46% on junior market

August 24, 2015 by

Access Off sign Access Financial Services has lost 46 percent in three trading days on the JSE junior market, ending at $10 on Monday. Trading finished with 4 stocks declining and 6 gaining out of 13 securities that traded, resulting in 920,177 units, valued at $2,765,138 changing hands. The market lost 34.14 points to close at 948.73, having shed nearly 100 points since it peaked earlier in the month.
At the close 4 securities ended with no bids to buy, while 5 had no stocks being offered for sale and 2 stocks closed with bids higher than the last traded prices and 5 with the offers being lower.
Stocks trading are, Access Financial Services traded 21,500 shares to close at $10, with a fall of $3. The stock has been trading on thin volumes, with support mostly around the $10 region, leaving a big gap that the bulk of buying is at and $19, the price it ran up to earlier the month. AMG Packaging closed at $3.95 with 6,200 units changing hands, Blue Power closed with 7,777 units changing hands with a gain of 5 cents at $12.35, Caribbean Cream traded 96,271 units to close 19 cents lower at $1.80. Caribbean Producers traded just 2,305 units at $2.72. Dolphin Cove finished with 2,120 shares while shedding 85 cents to end at $12.15, JM Trade 24-08-15General Accident Insurance traded 205,537 units with the price closing 20 cents higher at $1.50, Honey Bun with 78,140 shares changing hands and closed with a gain of 5 cents at $3.70, Jamaican Teas had 2,070 shares trading to close with a gain of 2 cents at $3.12. Lasco Distributors closed with 4,877 units trading, 1 cent up at $1.80, Lasco Financial ended with 447,738 shares changing hands at $1.65 for a fall of 1 cent, Lasco Manufacturing with 37,642 units changing hands, closed at $1.85, up 1 cent and Jamaican Teas variable rate bond traded 8,000 units to close at $100.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , ,

Profit grows at Jamaican Teas

August 23, 2015 by

Jamaican Teas DoorJamaican Teas reported profit of $27 million in the June quarter, 35 percent ahead of the March quarter and an 8 percent increase from the similar period in 2014. Nine months’ profit to June was $70 million, an increase of 13 percent over the similar period in the prior year.
Earnings per share came in at 16 cents for the quarter and 42 cents for the nine months should end around 80 cents for the full year if the houses with signed agreements are handed over and would put the PE ratio at 4 times earnings, net asset value is $4.36 per share for a discount to the last traded price of $3.10. Investors should not lose sight of the unrealized gains on investments which stood at $12 million.
The group is enjoying strong export sales since the commencement of its current financial year with an increase of 48 percent from $194 million to $287 million for the nine months with the latest quarter, moving from $76 million to $103 million. This contributed to the overall increase in sales which moved from $300 million to $324 million, an increase of 8 percent over prior year quarter and $936 million for the period to June compared to $834 million in the prior year.
The export performance comes mainly from changes in the distribution channel in the New York area which started in December 2014 and normalization of sales in the Florida area, following a shift from two distributors to one in 2014. Local sales for the manufacturing segment that are up 2.5 percent for the nine months, suffered an 8 percent fall in the June quarter.
Delivery of the vast majority of the 29 houses completed in the group’s real estate development, is expected to start in September, with sales revenue and profit to be booked in the quarter.
orchid propAccording to Jamaican Teas in their report to shareholders, “the month of August commenced with a significant backlog of export orders resulting expected increase export sales for the September quarter over 2014. Our retails sales have also shown a slight upturn ahead of last year and local sales have improved with the first month’s sales being ahead of the prior year”.
Taxation| Jamaican Teas has now marked its fifth year of being listed on the Junior Market of the Jamaica Stock Exchange, accordingly, effective with the September quarter, the Company will be subjected to taxation at 50% of the standard corporate rate, resulting in a tax charge of 12.5 percent.
At June, shareholders equity stood at $723 million and borrowings at $408 million. With the completed sale of the houses borrowings should fall to $200 million.

Filed Under: Company News, Company Results Tagged With: ,

Juniors make moderate gain

August 13, 2015 by

Honey Bun closed at a 52 weeks' high of $3.40

Honey Bun closed at a 52 weeks’ high of $3.40

The JSE junior market rose slightly on Thursday with 5 stocks rising and 4 declining, at the close, 11 securities traded resulting in 1,621,286 units valued at $3,010,668 changing hands. The market fell 2.45 points to close at 1,037.14.
The market ended with 5 securities closing with no bids to buy, while 6 had no stock being offered for sale and 4 stocks closed with bids higher than the last traded prices and only 3 with the offer being lower.
Stocks trading are, Access Financial Services traded 100 shares to close at $19 with a gain of 88 cents, AMG Packaging closed at $3.65 with 2,114 units changing hands, Blue Power closed with 1,000 units changing hands and lost $1.22 to close at $12.28. Caribbean Cream traded 63,793 units, to close at $2. Caribbean Producers traded 13,489 units for a 10 cents JM - Trade 13-08-15gain at $2.70, Derrimon Trading ended with 11,746 shares changing hands, lost 25 cents to $2.20, Honey Bun with 4.450 shares changing hands, closed with a gain of 40 cents at $3.40, for a 52 weeks’ high. Jamaican Teas had 1,000 shares trading, to close at $3.53, the stock closed with an offer to sell at $3.50, Lasco Distributors closed with 1,229,090 units trading, 4 cents higher to $1.80, Lasco Financial Services traded 38,137 units to close at $1.80 after falling 10 cents and Lasco Manufacturing with 256,367 units changing hands, closed at $1.95 for the loss of 5 cents.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , ,

Cargo Handlers new high of $28.50

June 26, 2015 by

CAR H 6-15 Activity on the Junior Market closed with 9 securities trading and ended with 227,627 units changing hands valued at $719,458. The JSE Junior Market Index advanced 5.56 close at 899.90. The market ended with the prices of 5 stocks advancing, 2 declining with 2 closing at 52 weeks’ high.
At the close of the market, there were 2 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with just 100 units changing hands to close 4 cents higher at $3.20 but had an offer at $3.15 at the end. Cargo Handlers recorded yet another all-time high in trading 2,170 units $2.50 higher to close at $28.50 and record a strong gain of 78 percent since the start of the year. Caribbean Cream with 8,757 shares traded at $1.60, Caribbean Producers traded 200,000 shares to gain 20 cents to $3, Consolidate Bakeries landed just 1,000 units but ended atJM 26-6-15 a 52 weeks’ high of $1.25 after posting a gain of 8 cents. Dolphin Cove traded 200 shares to close at $12.60 by shedding 18 cents, Jamaican Teas ended at $4 with 5,000 shares changing hands, Lasco Distributors traded 2,000 shares and declined by 3 cents to end at $1.65 and Lasco Financial traded 8,400 shares but rose 3 cents in closing at $1.93. At the close there was an offer to sell 11,241 units of Lasco Financial at $1.85.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , ,

LascoMan trades 3m units

June 24, 2015 by

Lasco's new I Cool drink. 3 million units of the stock traded

Lasco’s new I Cool drink. 3 million units of the stock traded

Activity on the Junior Market closed with 11 securities trading and ended with 3,364,830 units changing hands valued at $6,906,793, Lasco Manufacturing had trading in 3 million shares, all the sale was done by Mayberry who crossed the bulk of them on behalf of clients.
The JSE Junior Market Index declined 15.87 points to close at 908.39, with the price of 6 stocks advancing, 3 declining with 2 closing at 52 weeks’ high. At the close, there were 6 stocks with bids higher than their last selling prices, 5 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 1,000 shares changing hands to close with a loss of $2 at $13.50. Cargo Handlers finished with 36,551 units to close with a gain of $1, to a new all-time high of $26, Caribbean Cream with 9,800 shares traded lower by 1 cent to $1.59, Dolphin Cove trading 97,462 shares to close higher by 20 cents at a new high of $12.78. JM 24-6-15General Accident closed with 8,333 shares trading 5 cents higher at $1.72, Honey Bun ended with a gain of 3 cents to close at $2.88 with 100,000 shares changing hands. Jamaican Teas ended with 100,000 shares changing hands, to close at $4, Knutsford Express closed at $6.10 while 4,899 shares changed hands. Lasco Distributors traded only 4,400 shares to close at $1.68, for a gain of 3 cents, Lasco Financial traded only 2,385 shares but added 15 cents in closing at $1.95 and Lasco Manufacturing was the big trade for the day with 3 million shares but lost 10 cents to end at $1.30.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , ,

2 new junior market highs

June 23, 2015 by

Dolphin Cove closed at a new high on Tuesday

Dolphin Cove closed at a new high on Tuesday

Activity on the Junior Market closed with 11 securities trading and ended with 327,869 units changing hands valued at $2,114,887. The JSE Junior Market Index declined 1.84 points to close at 924.26, with the price of 2 stocks advancing, 2 declining with 2 closing at 52 weeks’ high.
At the close of the market, there were 7 stocks with bids higher than their last selling prices, 2 with lower offers and 4 securities closing with no bids to buy and 6 that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with 7,852 shares changing hands to close at $3.16. Blue Power closed with 1,141 shares trading $1.01 lower at $9.50, Cargo Handlers finished with 76,100 units to close with a gain of $1, to a new all-time high of $25, JM 23-6-15Caribbean Cream with 24,200 shares traded lower by 10 cents to $1.60, Dolphin Cove trading 10,971 shares to closed higher by 8 cents at a new high of $12.58. Jamaican Teas ended with 52,591 shares changing hands, to close at $4, Knutsford Express closed at $6.10 while 1,697 shares changed hands. Lasco Distributors traded 107,536 shares to close at $1.65, there was dealing in 14,440 Lasco Manufacturing’s shares at $1.40, Medical Disposables contributed 7,031 shares with the price ending at $2.30 and Eppley 2019 preference share exchanged 24,310 units at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,