Acquisition boosts Mailpac profit

December 31, 2024 by

Expansion by acquisition helped push net profit up a robust 66 percent in the third quarter for the Junior Market listed Mailpac, with the bottom line coming in at $114 million from $69 million in 2023. Nine months profits nevertheless declined by 10 percent to $183 million from $203 million in 2023, with revenues climbing a sharp 83 percent in the latest quarter to $732 million from $400 million in the prior year and 43 percent from $1.2 billion for the Nine months to September 2023 to $1.72 billion to September 2024.

Cost of sales jumped 81 percent to $363.7 million in the 2024 third quarter from $200.8 million in 2023 and increased 46.2 percent to $895.5 million from $612.6 million for the nine months to September 2023.
Gross profit climbed 84.7 percent to $368.4 from $199.5 in the September quarter and increased 40 percent to $829 million in 2024 from $592 million for the nine months to September. Gross profit margin improved to 50.3 percent from 49.8 percent in the 2024 third quarter versus 2023 and 48.1 percent for the 2024 year to date from 49.1 percent in 2023.
Selling and Promotion Expenses for the nine months to September 2024 increased by 37 percent to $62.6 million versus $45.7 million to September 2023. For the September quarter, promotional expenses jumped 68.6 percent to $24 million from $14 million in 2023.
Administrative and General Expenses increased 71.3 percent for the nine months to September 2024 to $513 million compared with 2023 at $299 million and for the quarter it climbed 95 percent to $200 million from $103 million in 2023.
Profit before finance costs for the nine months ending September 2024 increased just 2.8 percent to $254 million from $247 million in 2023 and jumped 75 percent to $144 million from $83 million in 2023.
Finance costs jumped 59.5 percent to $71.8 million for the year to September 2024 from $45 million in 2023 and climbed 116 percent to $30 million from $14 million in 2023.
Cash Position rose to $254 million at the end of September 2024 compared to September 2023 at $138 million, helped by inflows from operations of $229 million before dividend payment of $67 million, working and other capital needs. $56 million was added to the $199 million on hand at the end of 2023.
Shareholder’s Equity ended September 2024 at $807.6 million, up from September 2023 of $505.8 million. Equity includes $137 million relating to the acquisition of MyCart Express to be converted to shares as compensation for the acquisition of that operation. The exact conversion will be dependent on the performance of the acquired portfolio, up to March 2025.
Earnings per share for the latest quarter comes in at 5 cents, up from 3 cents last year and 7 cents for the nine months to September 2024 compared with 8 cents in 2023. Importantly, the acquisition and some changes to operations that contributed to increased profit are set to deliver higher profits in the future, accordingly, ICInsider.com projects 2024 earnings at 20 cents per share and 30 cents for 2025 and the company’s management seems optimistic about the immediate future.
“The performance of the third quarter has already started to show the expected results from the investments outlined in previous quarters. To date, we have been able to drive seamless integration of MyCart Express, the newly reorganized management team, and implement technological improvements to cut costs and drive innovation. As we continue to assess the strengths and competencies of the newly formed team and infrastructure, we anticipate significant synergistic benefits, enhanced revenue streams, operational efficiencies and increased shareholder value to result from emerging strategies. We are confident that the Company is strategically positioned for continued growth, industry leadership and sustained success in the evolving e-commerce landscape,” the Directors’ report to shareholders stated.

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

Junior Market closed higher on Monday

December 30, 2024 by
Trading activity closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 20 percent decline in the volume of stocks traded with a 22 percent lower value than Friday with trading in 47 securities compared with 48 previously and ending with prices of 14 rising, 23 declining and 10 closing unchanged but that did not prevent to market from closing with a higher index.

Trading ended with an exchange of 12,282,549 shares at a value of $26,347,816 down from 15,379,999 stocks at $33,771,107 on Friday. Trading averaged 261,331 shares at $560,592 compared with 320,417 stocks at $703,565 on Friday, with the month to date ending with an average of 287,330 stock units at $783,503 compared with 288,806 stocks at $796,156 on the previous day and November that ended with an average of 309,920 shares at $766,307.
Lumber Depot led trading with 2.06 million shares for 16.7 percent of total volume followed by Derrimon Trading with 1.75 million stock units for 14.2 percent of the day’s trade, Everything Fresh with 1.21 million stock units for 9.9 percent market share and Dolla Financial with 1.12 million units for 9.1 percent of total volume.
At the close of trading, the Junior Market Index popped 40.56 points to end at 3,767.75. The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with projected earnings computed by ICInsider.com for the financial years ending on or around August 2025.
At the close of the market, AMG Packaging shed 10 cents to close at $2.75 after an exchange of 786 stock units, Blue Power lost 71 cents to end at $4.30 after trading at a 52 weeks’ intraday high of $5.49, with a transfer of 57,229 shares, CAC 2000 slipped 38 cents in closing at $2.02 with 2,791 stocks crossing the exchange. Derrimon Trading fell 15 cents to finish at $1.85 with 1,748,512 units changing hands, Dolphin Cove dropped 10 cents and ended at $18.40 with investors swapping 18,917 shares, Fontana slipped 7 cents to end at $8.15 in switching ownership of 26,188 units. Future Energy climbed 8 cents to $3.89 after a transfer of 132,414 stocks, Image Plus increased 15 cents to end at $1.73 with 427,656 stock units clearing the market, Iron Rock Insurance popped 30 cents in closing at $3.89 with an exchange of 51 shares. KLE Group skidded 11 cents and ended at $1.14 with 47 stocks crossing the market, Knutsford Express sank 43 cents to finish at $13.76 after an exchange of 1,475 units, Lumber Depot rallied 25 cents to close at $2.90 after an exchange of 2,057,208 stocks. Mailpac Group dipped 14 cents to $2.65 as investors exchanged 23,546 shares, Medical Disposables shed 28 cents in closing at $1.62 after 20,257 stock units passed through the market, MFS Capital Partners shed 8 cents to end at 54 cents in an exchange of 274,061 stocks. Regency Petroleum rose 9 cents to close at $3.24 with investors trading 357,937 units and tTech gained 10 cents and ended at $2.10 with 4,000 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Buoyant trading lifts Jamaica Stock Exchange

December 30, 2024 by
Trading on the Jamaica Stock Exchange ended on Monday with a fall in the volume and value of stocks exchanged compared to Friday, resulting in the Main Market major indices and the Junior Market index jumping and the JSE USD Market declining. At the close of trading the prices of 37 shares rose, 47 declined and 34 remained firm.

At the close of the market, the JSE Combined Market Index climbed 1,935.02 points to 345,648.66, the All Jamaican Composite Index popped 3,267.33 points to wrap up trading at 385,401.92, the JSE Main Index rallied 1,719.39 points to finish at 333,199.47, the Junior Market Index jumped 40.56 points to close at 3,767.75 and the JSE USD Market Index dipped 2.88 points to close at 230.44.At the close of trading, 52,688,268 shares were exchanged by investors in all three markets, down from 59,254,946 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $182.88 million, down from $196.44 million on the previous day and the JSE USD market closed with an exchange of 195,047 shares for US$5,611 up from 32,270 units at US$3,513 on Friday.
In Main Market activity, Wigton Energy led trading with 24.77 million stocks followed by Transjamaican Highway with 4.32 million shares and Mayberry Jamaican Equities with 3.32 million units.
In Junior Market trading, Lumber Depot led with 2.06 million stocks followed by Derrimon Trading with 1.75 million shares and Everything Fresh with 1.21 million units.
In the preference segment, Jamaica Public Service 7% increased $2.50 to end at $42.50, Jamaica Public Service 9.5% climbed $672.85 in closing at $3,103.85, 138 Student Living preference share rose $2.02 to $257 and Productive Business Solutions 10.5% preference share gained $48 to finish at $1,120.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help in decision-making. The PE ratio chart covers all ordinary shares listed on Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within sectors and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure to assess stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

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

ICTOP10 stocks mostly rise for week

December 28, 2024 by
In a belated show of strength bulls displayed their horns in a shortened Christmas trading week, pushing the Jamaica Stock Exchange Main and Junior markets sharply higher over the previous week’s close, with a 2.4 percent rise in the Junior Market, with the Main Market the All Jamaica Composite Index jumping 12,928 points or 3.5 percent with an increase of 4.1 percent for the year so far and 10.4 percent since bottoming out on September 5 at 346,017.57 points.

The JSE Composite Index rose 10,029 points for a 3.11 percent gain for the week and 1.8 percent for the year to date, as the market takes on a more bullish tone, ahead of the close for the year.
The week’s movement resulted in six stocks rising and just one falling in the Junior Market ICTOP10. In the Main Market TOP10, four stocks rose and only two declined. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with AMG Packaging replacing Key Insurance, following a 13 percent rise in the latter price. Guardian Holdings with the potential to gain 433 percent continues to hold the number one spot with Pulse Investments at number 2.
For a sixth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by AMG Packaging and Caribbean Cream.
In the Junior Market ICTOP10, Caribbean Flavours jumped 17 percent to $1.40, Knutsford Express gained 13 percent to close at a 52 weeks’ high of $14.19, Lumber Depot rose 8 percent to $2.65, Express Catering rallied 7 percent to $3.38 and Elite Diagnostics gained 4 percent to close at $1.90. Iron Rock Insurance was the only losing stock with an 8 percent fall to $3.59.
After dropping out of the Junior Market ICTOP10 last week, Image Plus returns, replacing Knutsford Express.
In Main Market ICTOP10 activity, Key Insurance gained 13 percent after ending at $2.44, Berger Paints gained 11 percent to close at $7.75, and QWI Investments rose 3 percent to 80 cents. Pulse Investments dropped 14 percent to $1.18 and Scotia Group declined 3 percent to $52.50 after trading at a 52 weeks’ high of $57.94 on Friday.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.8 and the Junior Market TOP10 sits at 8.1, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, 25 percent of the market, with PEs ranging from 15 to 33 with an average of 22 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Gains for Junior Market

December 27, 2024 by
Trading activity closed on the Junior Market of the Jamaica Stock Exchange Friday, with a 161 percent rise in the volume of stocks traded, with 156 percent more value than Tuesday with trading in all 48 securities down from 45 on Tuesday and ending with prices of 22 rising, 12 declining and 14 closing unchanged.

The market closed with trading of 15,379,999 shares at $33,771,107 up from 5,903,831 stock units at $13,196,287 on Tuesday.
Trading averaged 320,417 shares for $703,565 up from 131,196 stocks at $293,251 on Tuesday with the month to date, averaging 288,806 units at $796,156 versus to 286,861 stock units at $801,854 on the previous trading day and November that close with an average of 309,920 stock units at $766,307.
Fosrich led trading with 3.62 million shares for 23.5 percent of total volume followed by Lumber Depot with 3.45 million stock units for 22.4 percent of the day’s trade, Jamaican Teas closed with 2.12 million stock units changing hands for 13.8 percent market share, Derrimon Trading with 1.40 million stocks for 9.1 percent of traded shares and Dolla Financial with 1.10 million units for 7.2 percent of the total volume.
At the close of trading, the Junior Market Index rallied 19.88 points to end at 3,727.19. The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
At the close, Access Financial rallied 42 cents to finish at $18.02 with investors trading 20,279 stock units, Blue Power rose 71 cents and ended at $5.01 with 15,601 shares crossing the market, Cargo Handlers gained 37 cents to close at $10.89 as investors exchanged 36 units. Caribbean Assurance Brokers popped 39 cents to end at $2.90 after a transfer of 3,052 stocks, Caribbean Flavours increased 10 cents in closing at $1.40 with 1,815 shares crossing the exchange, Consolidated Bakeries climbed 20 cents to close at $2.13 with investors swapping 789 stocks. Dolphin Cove advanced 10 cents to $18.50 with 47,059 units clearing the market, Express Catering popped 48 cents to finish at $3.38 in an exchange of 179,645 stock units, Fosrich increased 24 cents and ended at $2.40 after 3,616,898 shares passed through the market. Future Energy declined 8 cents in closing at $3.81 in trading 56,096 units, Indies Pharma sank 9 cents to close at $3.35 after an exchange of 29,194 stocks, Iron Rock Insurance climbed 8 cents to end at $3.59 after closing with an exchange of 3,861 stock units. Jamaican Teas rose 10 cents to $2.30 after 2,116,652 shares changed hands, Knutsford Express dropped 18 cents and ended at $14.19 with investors dealing in 1,530 stock units, Lasco Financial advanced 15 cents in closing at $1.65 with 205,756 stocks changing hands. Lumber Depot gained 15 cents to finish at $2.65 with an exchange of 3,452,486 units and Main Event fell 10 cents to close at $10.80 after trading 3,889 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Trading jumps on the JSE Markets

December 27, 2024 by
All three markets of the Jamaica Stock Exchange closed higher at the end of trading on Friday following the closure of the Jamaica Stock Exchange on Christmas and Boxing Day, with the overall market closing with a sharp jump in the volume of stocks changing hands with a value just lower than Tuesday, At the close of trading the prices of 55 shares rose, 25 declined and 37 remained firm.

At the close of the market, the JSE Combined Market Index rallied 1,660.07 points to 343,713.64, the All Jamaican Composite Index jumped 4,047.53 points to settle at 382,134.59, the JSE Main Index increased 1,586.90 points to close at 331,480.08, the Junior Market Index gained 19.88 points to finish at 3,727.19 and the JSE USD Market Index popped 6.77 points to 233.32.
At the close of trading, 59,254,946 shares were exchanged in all three markets, up from 21,874,029 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $196.44 million, slightly lower than the $205.29 million on the previous trading day and the JSE USD market closed with an exchange of 32,270 shares for US$3,513 compared to 598,456 units at US$39,389 on Tuesday.
In Main Market activity, Wigton Energy led trading with 18.14 million stocks followed by Transjamaican Highway with 8.45 million shares and Sagicor Select Financial Fund with 6.13 million units.
In Junior Market trading, Fosrich led with 3.62 million stocks followed by Lumber Depot with 3.45 million shares and Jamaican Teas with 2.12 million units.
In the preference segment, Jamaica Public Service 7% slipped $3.95 to close at $40, Jamaica Public Service 9.5% fell $429 to $2,431.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure to assess stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company. 

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

Santa rally, Sagicor trades $1.6b

December 23, 2024 by
Sagicor Group traded more than 400 million shares valued more than $1.57 billion on the Jamaica Stock Exchange on Monday pushing the volume and the value of stocks traded well above Friday’s levels after an exchange of 435,202,023 shares in all three markets, up from 38,158,414 units on Friday for $15.81 billion on the Junior and Main markets amounting, up sharply from $580.24 million on the previous trading day.

Trading on the JSE USD market closed with an exchange of 32,183 shares for US$2,895 compared to 566,050 units at US$37,617 on Friday.
Trading activities in the markets ended with the prices of 42 shares rising, 36 declining and 40 ending firm.
At the close of the market, the JSE Combined Market Index rallied 3,945.05 points to t 337,441.10, the All Jamaican Composite Index rallied 5,196.86 points to conclude trading at 374,403.63, the JSE Main Index climbed 3,736.63 points to end the day at 325,187.58, the Junior Market Index advanced a solid 51.85 points to finish at 3,691.61 and the JSE USD Market Index rose 0.57 points to conclude trading at 230.23.
In Main Market activity, Sagicor Group led trading with 413.89 million stocks followed by Sagicor Select Financial Fund with 6.81 million shares and Transjamaican Highway with 2.77 million units.
In Junior Market trading, Lumber Depot led with 1.50 million stocks followed by Derrimon Trading with 1.05 million shares and Kintyre Holdings with 836,962 units.
In the preference segment, Jamaica Public Service 7% gained $1.95 and ended at $43.95, Jamaica Public Service 9.5% popped $105 to $2,860, 138 Student Living preference share dropped $45.02 to end at $254.98 and Sygnus Credit Investments C10.5% climbed $3.60 in closing at $105.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 earnings and 20.6 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use these measures to assess stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

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

Junior Market wipes out last week’s loss

December 23, 2024 by
The Junior Market of the Jamaica Stock Exchange jumped on Monday, wiping out all of last week’s losses with a 51.85 points rally in the Junior Market Index to 3,691.61, following trading in 47 securities compared with 46 on Friday, with prices of 17 rising, 15 declining and 15 closing unchanged resulting in a 129 percent rise in the volume of stocks traded, with 138 percent more value than on Friday.

The market closed with trading of 5,348,793 shares for $10,233,044 up from 2,338,924 stock units at $4,304,371 on Friday.
Trading averaged 113,804 shares at $217,724 compared with 50,846 stocks at $93,573 on Friday with the month to date, averaging 296,391 units at $832,993 versus 308,864 stocks at $875,024 on the previous day and November with an average of 309,920 shares at $766,307.
Lumber Depot led trading with 1.50 million shares for 28.1 percent of total volume followed by Derrimon Trading with 1.05 million units for 19.6 percent of the day’s trade and Kintyre Holdings with 836,962 stock units for 15.6 percent market share.
At the close of trading, the Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Blue Power dipped 55 cents to close at $4.50 in switching ownership of 8,998 stocks, Cargo Handlers climbed 38 cents to $10.89 with 10 units crossing the market, Caribbean Cream popped 9 cents to end at $3.24 with traders dealing in a mere 28 shares. Caribbean Flavours gained 20 cents in closing at $1.40 as investors exchanged a paltry 63 stock units, Dolphin Cove rose 9 cents to finish at $18.39 after 12,971 shares crossed the market, Elite Diagnostic advanced 15 cents and ended at $1.98 with investors trading only 53 units. Everything Fresh rallied 10 cents to $2.20 after an exchange of 1,944 stocks, Express Catering increased 14 cents to close at $3.30 with investors swapping 4,615 stock units, GWest Corporation climbed 7 cents to end at 97 cents with a transfer of 66 shares. Indies Pharma slid 10 cents in closing at $3.10 after the trading of 49,741 stocks, Knutsford Express skidded $1.57 to finish at $11 in an exchange of 659 units, Mailpac Group sank 9 cents and ended at $2.70 with investors trading 25,718 stock units. Medical Disposables shed 21 cents to $1.67 with 513 shares clearing the market, MFS Capital Partners rose 12 cents to end at 64 cents after a transfer of 50,000 units, Spur Tree Spices dropped 11 cents to $1.93 after 72,799 stocks passed through the market and tTech advanced 37 cents to close at $2.09 with an exchange of 6,440 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

ICTOP10 stock jumps 38%  

December 22, 2024 by
One ICTOP10 stock jumped 38 percent in a week that the Jamaica Stock Exchange Main and Junior markets failed to build on the gains of the previous week, closing with a 2.3 percent fall in the Junior Market and more moderate slippages for the Main Market as the All Jamaica Composite Index fell 1,194 points or 0.32 and the Composite Index dipped 561 points for a 0.17 percent decline.

The week’s movement resulted in just one stock rising and seven falling in the Junior Market ICTOP10. In contrast to the Junior Market, only two stocks declined the Main Market TOP10 and six gained. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, has Guardian Holdings with the potential to rise 433 percent taking back the number one spot from Pulse Investments that held it last week and ended with the price jumping sharply, reducing its potential gains to 335 percent from 500 percent last week. Caribbean Cream replaced NCB Financial in the All JSE TOP10.
For a fifth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by Caribbean Cream just edging out carton box maker, AMG Packaging.
In the Junior Market ICTOP10, no stock ended with meaningful gain. Access Financial and Elite Diagnostics fell 9 percent to close at $18.02 and $1.83 respectively, while Lumber Depot and Express Catering fell 4 percent to $2.46 and $3.16 respectively.
In Main Market ICTOP10 activity, Pulse Investments recovering from a sharp fall in the previous week, jumped a solid 38 percent to $1.38, Key Insurance gained 8 percent after ending at $2.15, 138 Student Living gained 6 percent to close at $4.27 followed by Margaritaville and Scotia Group up 4 percent to $12.50 and $53.89 respectively. Berger Paints fell 10 percent to $7.01.
Caribbean Flavours returns to the Junior Market ICTOP10, with a potential to gain over 100 percent, replacing Image Plus.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.5 and the Junior Market TOP10 sits at 8, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

The Junior Market bounce

December 20, 2024 by
The Junior Market of the Jamaica Stock Exchange bounced on Friday, even as the level of trading fell with a 48 percent fall in the volume of stocks traded, with a 54 percent lower value than Thursday following trading in 46 securities down from 48 on Thursday and ending with prices of 23 rising, 17 declining and six closing unchanged and ending with the Junior Market Index rinsing 36.02 points to end at 3,639.76, after recovering more than half of Thursday’s loss.

The market closed with trading of 2,338,924 shares for $4,304,371 down from 4,463,393 stock units at $9,427,510 on Thursday.
Trading averaged 50,846 shares at $93,573 a fall from 92,987 stocks at $196,406 on Thursday with the month to date, averaging 308,864 units at $875,024 compared to 327,352 stock units at $931,016 on the previous day and November with an average of 309,920 shares at $766,307.
Kintyre Holdings led trading with 511,162 shares for 21.9 percent of total volume followed by Fosrich with 256,386 units for 11 percent of the day’s trade and Tropical Battery with 221,030 stock units for 9.5 percent market share.
At the close of trading, the Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial increased 42 cents to $18.02 with investors trading just 152 shares, CAC 2000 popped 16 cents in closing at $2.36 following an exchange of 1,225 stocks, Cargo Handlers slipped 38 cents to close at $10.51 with a transfer of 450 shares. Caribbean Flavours fell 16 cents to end at $1.20 with 64,787 stock units crossing the exchange, as Derrimon Trading gained 7 cents and ended at $1.90 in trading 95,920 shares, Dolphin Cove rose 30 cents to finish at $18.30 after 30,562 stock units passed through the market. Elite Diagnostic sank 16 cents to $1.83 after a transfer of 10,000 units, Everything Fresh shed 10 cents to end at $2.10 with 22,356 stocks crossing the market, Express Catering lost 14 cents in closing at $3.16 with an exchange of 2,835 units. Fosrich climbed 10 cents to close at $2.16 with 256,386 stocks crossing the market, GWest Corporation skidded 7 cents and ended at 90 cents as investors exchanged 1,034 shares, Indies Pharma sank 19 cents to finish at $3.20 after closing with 57,854 stock units changing hands. ISP Finance climbed $3.52 to $23.49 with an exchange of 5 shares, Jamaican Teas rallied 7 cents and ended at $2.19 with investors dealing in 3,506 units, Kintyre Holdings rose 9 cents in closing at 48 cents in switching ownership of 511,162 stock units. Knutsford Express advanced $2.10 to close at $12.57 with investors swapping 5,365 stock units, Limners and Bards popped 16 cents to finish at $1.44 in an exchange of 20,140 shares, Main Event dipped 10 cents to end at $10.80 with 635 stock units clearing the market. Medical Disposables increased 18 cents to $1.88 in trading 62,929 stocks, Regency Petroleum climbed 14 cents to close at $3.14 after an exchange of 548 units and Spur Tree Spices gained 13 cents and ended at $2.04 with investors trading 104,282 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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