Massive demand for Express Catering

July 21, 2017 by

Gary Peart of Mayberry,King of the the IPO market.

Trading on the Junior Market picked up sharply on Friday as the newly listed Express Catering started trading but hardly contributed to the level of trading with supply being low and demand overwhelming, that would have resulted in the price reaching $3, if the circuit breaker did not prevent it.
By the close there were more than 7.64 million units on the bid for Express Catering, ranging from $2.20 to a high of $3.15, which were all cancelled, in addition, those between $2.01 up to $2. The official position at the close was the highest bid of $2 with interest to buy 1.045 million units, the stock can trade at $2.60 maximum on Monday, which is 30 percent higher than the bid of $2.
Trading was dominated by Caribbean Flavours with 1.4 million units, Jetcon Corporation with over 600,000 shares and Lasco Manufacturing with nearly 2.3 million shares. In the end the, 8,428,003 shares valued at $32,387,101 traded with the new listing accounting for just 100 units at $1.74 to record a gain of 24 cents on the initial public issue price. In contrast, on Thursday, only 565,346 shares valued at $3,255,463 traded. At the close, the market index rose 15.05 points to 2,956.28
At the close 20 securities traded, down from 21 on Thursday with 8 stocks gaining and 1 declining. Trading closed with 4 stocks having a higher bids than the last traded price and 2 closing with lower offers.
The Junior Market ended trading with an average of just 421,400 units for an average value of $1,619,355 compared to 26,921 units for an average value of $155,022 on Thursday. The average volume and value for the month to date amounts to 74,208 units valued at $366,206 compared 51,062 units valued at $282,663 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services added 49 cents to close at $46.50 in trading traded 413 units AMG Packaging gained 40 cents to close at $3.50 with 8,000 units changing hands, CAC 2000 rose just 1 cents with 36,639 shares trading to end at $6.71, Cargo Handlers ended trading 1,312 shares to close at $13.75, Caribbean Cream closed trading with 35,000 units at $5, Caribbean Flavours traded 1,400,000 units to end at $12, Caribbean Producers lost 10 cents and closed trading with 15,936 units, at $3.30, Derrimon Trading ended at $8 with 10,404 shares changing hands, Dolphin Cove ended at $17.50 with 1,000 shares changing hands, Eppley jumped $1.15 and closed trading with 3.481 shares at $12.95, General Accident lost 2 cents and closed trading with 9,637 shares to end at $2.70, ISP Finance jumped $3 and closed with 5,858 units changing hands at $14, Jetcon Corporation traded 635,488 shares to end at $4.54, Key Insurance ended at $3.05 with 12,101 shares changing hands, Knutsford Express traded 11,540 shares to end at $14, Lasco Distributors closed 6 cents higher at $6.31 after trading 128,623 units, Lasco Financial ended with 15,048 shares changing hands at $3.55, Lasco Manufacturing gained 20 cents and ended with 2,260,729 shares trading at $4.80, Main Event closed with 11,972 shares trading at $5.60 and strong> Medical Disposables ended at $5.50 with 6,100 units trading, Paramount Trading ended with 1,140 units changing hands at $2.75.

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

Junior Market falls again on Thursday

July 20, 2017 by

Caribbean Cream ended at a 52 weeks’ low of $5.

The Junior Market closed lower on Thursday with the market index slipping 19.82 points to 2,941.23 as 565,346 shares valued at $3,255,463 traded, versus a mere 192,720 units traded valued at $1,219,105 on Wednesday.
At the close 21 securities traded, down from 14 on Wednesday with 4 stocks gaining and 7 declining. Trading closed with 3 stocks having a higher bids than the last traded price and 3 closing with lower offers.
The Junior Market ended trading with an average of just 26,921 units for an average value of $155,022 compared to 13,766 units for an average value of $87,079 on Wednesday. The average volume and value for the month to date amounts to 51,062 units valued at $282,663 compared 52,787 units valued at $291,780 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, AMG Packaging fell 65 cents to close at $3.10 with 18,689 units changing hands, Blue Power saw just 200 shares trading to end with a loss of $1 at $49, Cargo Handlers ended trading 24,500 shares to close at $13.75, Caribbean Cream closed trading with 8,000 units and fell $1.60 to end at a 52 weeks’ low of $5, Caribbean Flavours traded 2,500 units to end at $12, Caribbean Producers lost 10 cents and closed trading with 15,936 units, at $3.30. Derrimon Trading ended at $8 with 16,000 shares changing hands, Dolphin Cove ended at $17.50 with 1,900 shares changing hands, General Accident gained 2 cents and closed trading with 3,000 shares to end at $2.72, Honey Bun gained 30 cents and closed trading with 19,359 shares at $6, ISP Finance dropped $2 and closed with 31,752 units changing hands at $11, Jamaican Teas lost 20 cents and ended trading 82,972 shares at $4, Jetcon Corporation traded 266,595 shares to end at $4.54, Key Insurance ended at $3.05 with 12,101 shares changing hands, Knutsford Express traded 19,583 shares to end at $14, Lasco Distributors closed 1 cent lower at $6.25 after trading 7,138 units, Lasco Financial ended with 5,301 shares changing hands at $3.55, after rising 15 cents, Main Event rose 10 cents with 13,322 shares trading to end at $5.60, Medical Disposables ended at $5.50 with 6,100 units trading, Paramount Trading ended with 7,785 units changing hands at $2.75 and tTech traded 1,813 units to close at $10.

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

ISP Finance and C&W back in TOP 10

July 16, 2017 by

Pull back in the prices of several Junior Market stocks, resulted in changes in the TOP 10 junior stocks at the close of the week. The changes took place against the back ground of an unprecedented 5 issues of new shares around the same time in the market.
Some investors are of the view the public issue of shares all coming around the same time, contributed to the softness in the market over the past two weeks.
On Wednesday, this week, IC Insider.com BUY RATED Stationery and Office Supplies (SOS opens to the public for purchase, at a priced of $2 and is expected to close on the same day it opens. Express Catering IPO opened and close last week Wednesday with more than 1,000 applications received.
ISP Finance price dropped to $13.56 during the past week to re-enter the Top 10. Returning back to the TOP 10 are Caribbean Flavours and Lasco Distributors
Moving out of the top list are AMG Packaging, Lasco Manufacturing with the price rising to $4.70 from $4.30 at the close of the previous week and tTech with the price rising 50 cents to a record $10.
In the main market Sagicor Group spent just one week in the top listing with the price moving from$30 at the end of the previous week to end at $33 and is replaced by Cable & Wireless with the price down under $1 at 80 cents, support for the stock is around 75 cents, hence it could bounce back from these levels soon.

NCB Financial Group is worth watching keenly in the days and weeks ahead.

Market movement continues to be constrained by near term resistance points, it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is down at 6.8 with SOS in at a PE of 5 times 2017 earnings. The PE for the main market holds at 6.7. The average PE for the overall main market, remains at 13 and 12 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 43 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead in the market.
Two stocks to watch are Cable & Wireless with the price around support level and NCB Financial with very limited number of stocks currently being offered.

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

Office supplies’ company heads TOP 10

July 9, 2017 by

IC Insider.com BUY RATED Stationery and Office Supplies (SOS) jumped into the TOP 10 Junior Market stocks in the number one position at the close of the past week.

The SOS stock which opens to the public for purchase, starting on the 19th of this month, is priced at $2 and is expected to close on the same day it opens, as sentiments towards it are very positive.
SOS is projected by IC Insider.com to produce earnings of 40 cents per share for 2018 and is expected to benefit from the increased exposure leading up to the listing and the continuing exposure post listing, giving them an added advantage over the competition. Medical Disposables sits second spot and Caribbean Producers is in at the third spot. CAC 2000 moved into the TOP 10 with the price having fallen to $6.57 by the end of the week.
The inclusion of SOS and CAC 2000 means that Lasco Distributors and Lasco Finance have been edged out of the Top listing. Express Catering that goes to market on July 12, is priced at a level placing them well outside the top listing.
In the main market Sagicor Group fell to $30 by week end and helped it into the TOP 10 lists edging out Grace Kennedy in the process.
Market movement continues to be constrained by near term resistance levels, it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks remain at 7 even with SOS being added at a PE of 5 times 2017 earnings. The PE for the main market slipped to 6.7 with the sharp fall in prices during the week. The average PE for the overall main market, is down to 13 while it remains at 12 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 40 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.

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

Juniors drop again on Tuesday

July 4, 2017 by

The Junior Market lost further ground on Tuesday with the market index slipping 19.51 points, to end at 3,176.44, as advancing stocks just edged out declining ones 7 to 6. Volume traded recovered somewhat from Monday’s low level, to just over 1 million units.
The junior Market closed with 18 securities versus the same number on Monday leading to only 1,057,031 units valued at $6,029,750 trading, compared with 500,614 units valued at $2,920,659 on Monday.
Trading closed with 4 stocks having higher bids than their last traded prices and 6 closing with lower offers as the short term desire to sell dominates the market currently.
The Junior Market ended trading with an average of just 58,724 units for an average value of $334,986 compared to 28,812 units for an average value of $162,259 on Monday. The average volume and value for the month to date amounts to just 43,268 units valued at $248,622 compared with 162,259 units valued at $162,259, previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading and their last traded price are: Blue Power closed at $50 with a mere 800 units changing hands, Cargo Handlers dropped $1.40 in trading 500 shares to end at $14.50, Caribbean Cream dropped 56 cents in trading 168,533 units to end at $7.45, Caribbean Flavours gained 10 cents in trading 560 units to end at $12.10, Caribbean Producers ended trading with 25,160 shares to close at $3.69, C2W Music lost 1 cents in trading 17,385 shares to close at 42 cents, Dolphin Cove recovered the $3 it dropped on Monday and ended at $20 with 5,037 shares trading, Honey Bun gained 27 cents and closed with 5,000 units, changing hands at $5.87, Jamaican Teas traded 24.400 shares, to end at $4.20, Jetcon Corporation rose 13 cents and ended at $5.48 with 713,635 shares trading, Key Insurance traded 1,035 shares to end at $3.05. Knutsford Express traded 4,570 shares and rose 80 cents to end at $15.80, Lasco Distributors fell 2 cents and closed at $6.98 after trading 24,253 units, Lasco Financial ended with 1,622 shares changing hands at $3.80, Lasco Manufacturing ended with 4,925 shares trading closed at $4.88 after falling 12 cents. Main Event dropped 70 cents and ended trading 26,572 shares at $5.30, Medical Disposables rose 0 cents and ended at $6 with 30,544 units trading and Paramount Trading rose 2 cents to end at $3.02 with 100 units trading.

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

Berger price bounces 43%

July 3, 2017 by

 Berger Paints recovered from a $12.50 the previous week to land 43 percent higher at $17.87 this past week to sit at ninth position in the list for the week when they were no new addition to the TOP 10 lists. The other notable mover was Caribbean Producers that landed at $3.68 from $3.30.
Jamaica Broilers released full year results to April with earnings per share of $1.85, IC Insider.com has upgraded 2018 earnings to $2.60 per share. tTech had the annual general meeting during the past week. Coming out of the meeting is management disclosing that, they have implemented a number of measures that is improving efficiency that will allow them to take on more business without the need to increase staff compliment for a while. They also pointed out that the sale team have been working to bring in new business and they expect increase business activity in the second half of the current year. Additionally, management took the recommendation about a possible stock split and informed the meeting that the board will discuss same.
Market movement continues to be constrained by near term resistance levels but it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is 7.6 and 7 in the main market, these compare favourably with 13.7 for the overall main market and 12.7 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below these averages, and have potential for more gains in the months ahead, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 40 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , ,

2 Lasco stocks & Derrimon 90% of market

June 26, 2017 by

Lasco Manufacturing & Lasco Distributors, combined, traded most shares on Monday.

Volume traded on the Junior Market rose on Monday with 3 securities accounting for 90 percent of volume traded. At the close 6,755,849 units valued at $46,027,135 traded, compared with the 8,427,903 units valued at $36,346,358 passing through the market on Friday.
Trading ended with 25 securities versus 21 on Friday leading to just 6 stocks rising and 12 declining and one closed at a new high. The market index dropped 27.02 points to end at 3,183.22.
The market closed with 4 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 270,234 units for an average value of $1,841,085 compared to of 401,329 units for an average value of $1,730,779 on the previous trading day. The average volume and value for the month to date is 469,353 units valued at $2,087,646 compared with 481,066 units valued at $2,102,149, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: Access Financial Services closed at $46.20 in trading traded 1,500 units AMG Packaging fell 5 cents to close at $4.10 with 35,157 units changing hands, Cargo Handlers traded 332,360 shares and fell 1 cents to end at $15.99, Caribbean Cream added 25 cents in trading 16,629 units to end at $7.50, Consolidated Bakeries lost 30 cents in trading 2,000 units to end at $2.70. C2W Music lost 2 cents and closed at 43 cents with 2,000 shares trading, Derrimon Trading dropped 10 cents and ended at $8.50 with 2,031,926 shares changing hands, Dolphin Cove ended at $20 with 3,060 shares trading, Eppley jumped 95 cents with 200 units changing hands to close at a 52 weeks’ high of $12.95. General Accident had 3,780 units changing hands to close at $2.70 after falling 30 cents, Honey Bun dropped 6 cents with just 2,034 shares changing hands and closed at $6.05, Jamaican Teas traded 70,000 shares but lost 15 cents to end at $4.15, Jetcon Corporation rose 8 cents and ended at $5.98 with 64,262 shares trading, Key Insurance traded 1,000 units to close at $3.05, KLE Group lost 35 cents and ended at $2.15 with 2,000 shares changing hands, Knutsford Express traded 20,188 shares and rose 10 cents to end at $16, Lasco Distributors ended with a loss of 20 cents at $6.80, trading 829,150 units, Lasco Financial rose 10 cents with 94,495 shares changing hands to end at $3.90, Lasco Manufacturing ended with 3,189,335 shares trading and closed at $4.90. Main Event rose 76 cents and ended trading 4,789 shares at $6.76, Medical Disposables lost 49 cents and ended at $5.01 with 625 units trading, Paramount Trading ended with 28,300 shares changing hands at $2.70, tTech lost 10 cents and ended with 8,000 units changing hands to end at $7.90, Derrimon Trading preference share ended at $2.50 with 12,029 shares changing hands and Eppley 9.5% preference share, ended with 1,000 units changing hands at $6.10.

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

AMG eases Dolphin Cove out of TOP 10

June 26, 2017 by

AMG Packaging back in IC TOP 10.

Only one change occurred in the TOP 10 list for the past week with AMG Packaging reentering the list and Dolphin Cove moving out, as the price of the latter moved back to $20 from $18, the week before.
In the main market Berger Paints jumps to third position from 7 with the price tumbling from $17.31 to $12.50 during the week after trading at a low of $12.05.
The other news worthy development of the week was the increase in the price of former TOP 10 Junior Market listing, Jetcon Corporation that drop out of the top list last week. The stock closed at a new high during the past week but ended at $5.90 after 3 for 1 stock split took effect on Thursday, with attempts to trade at $7.40 on Friday thwarted by the circuit breaker rules. The trade was cancelled after the market closed.
Market movement continues to be constrained by near term resistance levels but it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is 7.3 and 6.9 in the main market, these compare favourably with 13.5 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below these averages, and have potential for more gains in the months ahead, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 43 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , ,

Junior Market bounces on Wednesday

June 21, 2017 by

Jetcon jumped $3.57 on Wednesday to close at $19.17.

Trading on the Junior Market fell below normal levels on Wednesday with 709,260 units valued at $4,202,977, down from 2,845,419 units valued at $10,795,016, passing through the market, on Tuesday. The market closed with two stocks jumping to new 52 weeks’ high.
Jetcon Corporation closed at $19.17 ahead the 3 for 1 stock split taking effect on the exchange on Thursday and Derrimon Trading preference share, ended at a 52 weeks’ high of $2.50.
Trading ended with 21 securities versus 14 on Tuesday leading 11 stocks rising and 4 declining, with the market index gaining 38.37 points to end at 3,194.93.
The market closed with 2 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 33,774 units for an average value of $478,260 compared to 203,244 units for an average value of $771,073 on the previous trading day. The average volume and value for the month to date rose to 515,032 units valued at $2,250,311 compared with 549,408 units valued at $2,376,886, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading with their last traded price are: AMG Packaging closed at $4.15 with 1,200 units changing hands, Blue Power climbed $5 to close at $55 with 184 units changing hands, Cargo Handlers ended trading 9,329 shares at $16, Caribbean Cream rose 7 cents in trading 210,000 units to end at $7.52, Caribbean Producers gained 20 cents in trading 1,000 units to end at $3.25. C2W Music had 14,000 units changing hands to close at 45 cents, Dolphin Cove had 2,300 units changing hands to close at $19.10 after rising by $1. Honey Bun had 4,183 shares changing hands to close with 12 cents loss to $6, Jamaican Teas traded 29,188 shares and rose 57 cents to end at $4.87, Jetcon Corporation sharply by $3.57 to end at a 52 weeks’ close of $19.17 with 24,620 shares trading, ahead of the stock starting to trade with a 3 for 1 split on Thursday. Key Insurance traded 11,651 units to close at $3.05, KLE Group traded 12,000 units to close at $2.50, Knutsford Express traded 24,717 shares to end at $16.30, with a rise of 30 cents, Lasco Distributors ended at $7, trading 1,000 units, Lasco Financial had 91,678 shares changing hands to end at $3.85, Lasco Manufacturing ended with 1,900 shares trading and closed at $4.97 after rising 42 cents. Main Event gained 12 cents and ended trading 31,720 shares at $6, Medical Disposables lost 28 cents and ended at $5.72 with 200 units trading, Paramount Trading lost 17 cents and ended with 163,480 shares changing hands at $2.85, tTech ended with 24,910 units changing hands after falling $1 to end at $8 and Derrimon Trading preference share ended with 50,000 units changing hands to close at a 52 weeks’ high of $2.50

 

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

Will Berger jump TOP 10?

June 19, 2017 by

Berger Paints is one of IC Insider’s TOP 10 stocks.

The news IC insider broke a few weeks ago, have been confirmed on Friday with Ansa McAl entering an agreement to acquire the Berger Caribbean operations. What impact that will have on trading in Berger Jamaica shares this week, with the price having slipped to $17.31 at the end of trading on Friday, is unknown?
In a week when the All Jamaica composite index fell 4,089.25 points and the junior Market fell 63.94 points, no stock exited or entered the top lists. The movement of prices in recent weeks, suggest that investors can make gains by bottom fishing, when investors push some prices down. Market movement continues to be constrained by near term resistance levels acting as short term restraint to a break out from current levels for the time being.
The markets offer some good opportunities for bottom fishing, with General Accident falling to a low of $2.30 during the week before rebounding to close at $2.80. Caribbean Producers seems attractively priced, with 2018 earnings as the target with the price having fallen to $3.03 with some large volumes trading around that level.
Last week, IC insider.com reported that tTech demand is building while selling has eased with limited supply being shown in the market. This week, the price inched higher to $8.55 from $7.75 at the close of the previous week. Elsewhere, NCB Financial Group is hitching for a major breakout from a wedge formation, the stock is in good demand in Trinidad with a price around J$77.
In the main market, earnings per share for Radio Jamaica have been sharply reduced to 25 cents with the latest results for the full year to March coming in below expectations. The stock remains in the TOP 10 list, with improvement expected in the current fiscal year.
The average PE ratio for the Junior Market Top stocks stands at 7.4 and 7.1 in the main market, these compare favourably with 13.4 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below the average, and have the potential for more gains for the rest of 2017, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , ,