KLE Group — Page 61

Rising stocks dominate Junior Market

May 13, 2020 by IC Insider.com

The number of securities advancing far outnumbering those declining on Wednesday in trading on the Junior Market, but the Index slipped 1.15 points to close at 2,464.04. At the conclusion of market activities, the prices of 21 securities advanced, 6 declined and 6 remained unchanged.
Trading closed with 33 securities changing hands, resulting in an exchange of 3,008,593 units valued at $9,244,861 compared to 4,739,302 units valued at $9,995,916 from 32 securities on Tuesday. The average PE ratio of the Junior Market ended at 9 based on 2020-21 earnings.
Trading ended with an average of 91,169 units at $280,147 for each security traded in contrast to 148,103 units for an average of $312,372 on Tuesday. The average volume and value for the month to date amounts to units 133,330 valued at $367,276 and previously 139,654 units valued at 380,345. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than its last selling price and two with lower offers.
At the close of the market, Access Financial exchanged 4,113 units and gained 7 cents to end at $22.08, AMG Packaging lost 11 cents in the swapping of 60 shares to close $1.78, Blue Power closed trading of 25,000 units and added 5 cents to finish at $3.45. Caribbean Assurance Brokers advanced 1 cent to $2.20 with 18,768 units changing hands, Caribbean Cream closed 9 cents higher at $2.60 trading 23,300 stock units, Caribbean Flavours climbed 50 cents and exchanged 600 shares to settle at $9.50. Caribbean Producers rose 13 cents to end at $2.48 with 583,415 shares changing hands, Dolphin Cove dipped 80 cents in the trading of 500 units to close at $7, Elite Diagnostic climbed 42 cents and exchanged 3,650 shares to settle at $3.62. Everything Fresh ended the day rising 12 cents to 82 cents after investors switched ownership of 19,950 shares, Express Catering jumped 11 cents and exchanged 2,819 shares to finish at $3.51, Fontana closed 3 cents higher at $5.48 with 74,481 units traded. Fosrich ended with a loss of 1 cent at $3.79 with 2,314 shares changing hands, General Accident rose 26 cents in exchanging 630,068 stock units to close at $5, Honey Bun rose 6 cents to $5.55 with 7,596 shares trading. iCreate closed 2 cents higher at 44 cents with 25,000 stock units switching owners, Indies Pharma climbed 5 cents and exchanged 42,298 shares to settle at $2.30, Jetcon declined by 9 cents to settle at 80 cents with 33,915 units crossing the market. Knutsford Express exchanged 9,900 shares to finish at $7.50 after falling $1.47, Lasco Distributors closed trading of 76,558 units and gained 15 cents to end at $3.25, Lasco Financial gained 10 cents to close at $2.70 with an exchange of 7,707 shares. Lasco Manufacturing added 1 cent to close at $3.99 with 64,598 shares traded, Limners and Bards climbed 15 cents and exchanged 32,912 shares to settle at $1.95, Lumber Depot slipped 1 cent to $1.13 with 199,124 stock units changing hands. MailPac Group ended 3 cents higher at $1.92 in the exchange of 711,639 shares, SSL Venture jumped 15 cents and swapped 4,286 shares to finish at 90 cents and Stationery and Office Supplies closed 6 cents higher at $6.26, with 22,645 stock units crossing the exchange.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market climbs 46 points – Tuesday

May 12, 2020 by IC Insider.com

After posting a moderate decline on Monday the Junior Market followed up Fridays good 50.7 points rise with another solid rally on Tuesday with the market index jumping 45.91 points to close at 2,465.19 resulting from a rise in the prices of 15 securities and a fall in the prices of 11 stocks while six remained unchanged.

Junior Market had a month of consolidation but maybe setting to breakout.

The day’s activities ended with 32 securities changing hands similar to the number on Monday, resulting in an exchange of 4,739,302 units at $9,995,916 compared to 3,532,717 units valued at $11,173,927, on Monday.
Trading closed with an average of 148,103 units for $312,372 for each security traded in contrast to 110,397 units at $349,185 on Monday. The average volume and value for the month to date amounts to 139,654 units valued at 380,345 and previously 138,216 valued at $391,915. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stock ended with bids higher than its last selling prices and two with lower offers. One technical indicator is pointing to a big break out of the Junior Market soon.
At the close of the market, AMG Packaging gained 24 cents in exchanging 30,455 shares to end at $1.89, Blue Power slipped 10 cents to $3.40 with 7,103 units traded, Cargo Handlers finished 40 cents higher at $6.50 with 5,000 stock units changing hands. Caribbean Cream climbed 22 cents in exchange of 138,754 shares to settle at $2.51, Caribbean Producers added 5 cents to close at $2.35 with an exchange of 789,589 shares, Consolidated Bakeries fell 18 cents to $1.51 with 3,900 shares crossing the market. Dolphin Cove jumped 58 cents and swapped 5,000 units to end at $7.80, Elite Diagnostic dropped 30 cents to $3.20 with 32,800 shares changing hands, Everything Fresh ended with a loss of 19 cents at 70 cents trading 78,160 stock units. Fontana closed 45 cents higher trading 101,458 shares to finish at $5.45, Fosrich gained 35 cents in the exchange of 27,788 shares to settle at $3.80, General Accident closed trading of 164,716 units with the adding of 4 cents to end at $4.74. Honey Bun fell 10 cents to $5.49 with the swapping of 1,000 units, iCreate closed at 42 cents, after slipping 1 cent and trading 395,149 stock units, Indies Pharma lost 5 cents in exchanging of 6,847 shares to finish at $2.25.Jamaican Teas climbed 5 cents trading 34,755 shares to settle at $4, Jetcon Corporation jumped 24 cents to bounce back from yesterday’s 52-week low and finished at 89 cents with 45,500 units changing hands, KLE Group closed 5 cents higher at $1.70 with an exchange of 31,459 shares. Knutsford Express leaped $1.33 in the trading just 150 units to finish at $8.97, Lasco Distributors closed 11 cents lower at $3.10 with 15,957 stock units crossed the exchange, Lasco Manufacturing added 13 cents after an exchange of 3,131 shares to end at $3.98. Limners and Bards dropped 15 cents in trading 24,385 units to end at $1.80, Investors responded strongly to strong increased revenues and profit at Mailpac Group by moving the price higher by 4 cents to $1.89 in exchanging 2,498,396 shares, Main Event slid 39 cents in swapping 1,817 units to settle at $4.50. Medical Disposables lost 5 cents trading 20,204 units to close at $6.20 and Stationery and Office Supplies rose 5 cents to $6.20 with 16,906 stock units crossing the exchange.

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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Stationery and Office, Trading Activity, tTech

Just three IC TOP 10 changes

May 10, 2020 by IC Insider.com

Investors seem to be shrugging off some of the recent negative developments in the Jamaica stock market, with their activity moving the Main Market higher by the close of the week and the Junior Market just a few points lower.
The market is moving into a period where prices tend to move slightly downward until early July when it usually, starts a slow recovery, in this regard, first quarter results are going to be important for the market’s direction for a few weeks. Information management presents current and future business developments that will be critical in informing investors.
Developments of note this past week are the reporting of new results, with Barita Investments reporting profit of $1 billion for earnings per share (EPS) of $1.24 for the half year to March, versus 68 cents in 2019. Jamaican Teas with negative EPS of 3 cents after gross profit climbed 33 percent over 2019 out turn. Pulse Investments EPS ended at 12 cents versus 5 cents in 2019 for the nine months to March and Wisynco Group generated EPS of 78 cents vs 61 cents for the nine months to March. General Accident released 2019 audited accounts that showed for the first time the impact of the acquisition of their 55 percent interest in the Trinidad based Motor One insurance company at $238 million.
The Junior and Main Market, IC Insider.com TOP 10 closed the week with Medical Disposables and Stationery and Office Supplies exiting the TOP 10, to be replaced by Access Financial Services and Caribbean Cream, after the latter fell to $2. Seprod replaced Victoria Mutual Investments in the Main Market listing.
The three top Junior Market stocks with the potential to gain between 362 to 726 percent by 2021 are Caribbean Producers leading, followed by KLE Group and Lasco Financial. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 173 to 213 percent.
This week’s focus: Seprod released first quarter results after trading closed on Friday, with ongoing operating profits more than doubling from $312 million to $632 million for the 2020 first quarter, with EPS of 86 cents. Revenues climbed 6 percent from continuing operations to $9.14 billion, an increase of $544 million. The big improvement arose from the closure of the sugar manufacturing operations and improvement in profit margin. The Sugar operations generated a loss of nearly $140 million in 2019 and just $15 million in the latest quarter while gross profit margin jumped to 30 percent from 26.6 percent in 2019. The first quarter results are in line with ICInsider.com’s forecast of $4 per share earnings for this year and put the PE at just 11 times current year’s earnings.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter and up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13.3 and the Junior Market a mere 8.9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5 with the Main Market at a much higher level of 8.5.
The TOP 10 stocks now trade at a discount of 44 percent of the average for Junior Market and Main Market stocks trade at a discount of 36 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 338 percent, for the Junior Market and 139 percent for the JSE Main Market, based on 2020-21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share 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 Tagged With: Berger Paints, CAC2000, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Dolphin Cove, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, KLE Group, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech, Victoria Mutual Investments

JSE Junior Market slips on Monday

May 4, 2020 by IC Insider.com

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Trading on the Junior Market of the Jamaica Stock Exchange on Monday lifted the market index to more than 2,445 points just a few points on Friday’s close, but the market could not build on the early momentum and ended the day with a modest loss of 11.90 points to close at 2,421.54.
At the close of market activities with 31 securities changed hands, with the prices of 12 securities advanced, 12 declined and seven remained unchanged and the average PE of Junior Market. Stocks ended at 8.9 times 2020-21 earnings. Trading ended, resulting in an exchange of 3,914,568 units valued at $10,441,625 compared to 6,671,271 units valued at $14,495,961 on Friday.
Trading ended with an average of 126,276 units at $336,827 for each security trading in contrast to 202,160 units for an average of $439,272 on Friday. The average volume and value for the month to date amounts to 165,404 units valued at $389,650 and previously 150,098 units valued at $541,417. Trading in April closed with an average of 44,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial gained 1 cent to end at $26 in trading 4,000 shares, AMG Packaging dipped 10cents in trading of 2,505 units at $1.65, Carib Assurance Brokers exchanged 91,717 shares and fell 1 cent to close at $2.19. Caribbean Cream closed with a loss of 15cents at $2, after the swapping of 550,000 shares, Caribbean Producers closed 1 cent higher at $2.51, with 257,834 stock units trading, Consolidated Bakeries gained 18 cents to end at $1.69, transferring 644 units. Derrimon Trading declined by 9cents to settle at $1.92, Fontana fell by 28 cents in trading 395,419 units at $5, General Accident lost 33cents in trading of 440,645 units at $4.16, GWest Corporation ended with 1,000 shares crossing through the market, after rising 2 cents to end at 90 cents. Honey Bun closed trading of 3,726 units and gained 15 cents to settle at $5.95, iCreate dipped 4 cents in trading of 282,100 units at 42 cents. Indies Pharma shed 21cents in transferring 25,044 units at $2.19. Iron Rock Insurance closed trading of 88,386 units and gained 54 cents to end at $2.64, Jamaican Teas climbed 14 cents and exchanged 253,859 shares at $4.16, Jetcon Corporation closed 19 cents higher at $1.05, with 29,000 stock units trading. Knutsford Express ended trading with 4,906 shares, after rising 49 cents to end at $8.99. Lasco Distributors closed with 66,146 shares, after rising 2 cents to end at $3, Lasco Financial closed market activity trading 15,365 shares to close at $2.40 after shedding 30 cents. Lasco Manufacturing closed 33 cents higher at $4, with 34,040 stock units trading, Limners and Bards ended market activity exchanging 225,138 shares to close at $1.93, after falling by 2 cents, Lumber Depot ended with a loss of 1 cent at $1.14 with 193,918 stock units changing hands. MailPac Group finished with a loss of 1 cent at $1.67 with an exchange742,719 stock units and tTech gained $1.04 to end at$4.75 in trading 400 shares.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Just two IC TOP 10 changes

May 3, 2020 by IC Insider.com

The week just ended saw investors knocking bank stocks down following the surprise announcement by Bank of Jamaica to get banks to suspend the payment of dividends for the remainder of 2020 and that helped to push the market index sharply lower with some recovery on the last three days of the week.
Caribbean Cement and NCB Financial released first-quarter results in the past week with lower profit than the previous year’s March quarter. As if investors expected the outturn, the stock prices did not seem to react to them.
The Junior Market, after attempting to close higher for the past six days finally did so on Friday a sign that it could be heading higher in the days ahead as it traded as high as 2,478 points on Friday just below the close on April 16.
The Junior and Main Market, IC Insider.com TOP 10 closed the week with one change each. Dropping from the list are Access Financial Services for the Junior Market and replaced by Stationery and Office Supplies, while Stanley Motta dropped from the Main Market listing and replaced by Victoria Mutual Investments.
The three top Junior Market stocks with the potential to gain between 344 to 660 percent by 2021 are Caribbean Producers leading, followed by Lasco Financial and KLE Group. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group, with projected gains of 173 to 213 percent.
This week’s focus: Stationery and Office Supplies fell from a high of $16.35 last august is now trading at a discount of 61.5 percent to that price. The stock had moved from $6.85 in May last year to the high after revenues climbed by 23 percent for the half-year to $639 million to $519 million and profits rose 63 percent from $56 million to $92 million. The half years revenues compare favourably with the $702 million generated in the twelve months in 2016, the year before listing in 2017. Revenues grew around 12 percent from 2013 to 2016, then increased to 17.4 percent for 2018 and 14.5 percent for 2019. The company has an excellent management team that is growth-oriented as such investors can look forward to revenues growing in the 15-20 percent range going forward. In pursuit of this objective, the company is putting in place additional storage facilities to accommodate a robust expansion of sales. Investors should not rule out the possibility that they could expand from acquisitions as well as was the case with the addition of the business making the SEEK brand. While the disruption caused by the Coronavirus could derail the medium-term growth, it will only be a matter of time for management to pick up and return to the pre virus growth levels.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter and up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 12.5 and the Junior Market a mere 9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.3 with the Main Market at a much higher level of 8.3.
The TOP 10 stocks now trade at a discount of 43 percent of the average for Junior Market and Main Market stocks trade at a discount of 34 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 319 percent, for the Junior Market and 148 percent for the JSE Main Market, based on 2020-21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected 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 when new information is received that can affect earnings significantly.

Persons who compiled this report may have an interest in securities commented on in this report.

Junior Market rally fades at close – Wednesday

April 29, 2020 by IC Insider.com

The Junior Market made strong early gains in trading on Wednesday, but as the market moved towards the close, the increase started to slowly evaporate with the index giving up all the rise to close down a mere 0.42 points to end at 2,415.58.
Trading concluded with 33 securities changing hands, resulting in an exchange of 3,721,917 units valued at $8,632,508 compared to 12,280,544 units valued at $26,562,508 from 29 securities on Tuesday. Market activities ended with the prices of 12 securities rising, 19 declining and two holding firm. The average PE ratio of the Junior Market ended at 8.8 based on 2020-21 earnings.
The day ended with an average of 112,785 units at $261,591 for each security traded, in contrast to 423,467 units, for an average of $915,949 on Tuesday. The average volume and value for the month to date amounts to 462,965 units valued at $1,054,990 and previously 483,382 units valued at $1,101,248. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging dropped 15 cents in the trading of 484 units at $1.65, Blue Power gained 10 cents and exchanged 30,200 units to settle at $3.85, Caribbean Assurance Brokers finished 6 cents lower at $2.19 with 15,673 units changing hands. Caribbean Cream fell 12 cents to $2.15 in the exchange of 478,724 shares, Caribbean Flavours slipped 2 cents after swapping 3,000 units to settle at $9.98, Caribbean Producers finished at $2.76 after climbing 24 cents with 574,589 units traded. Consolidated Bakeries ended 3 cents lower at $1.72 with 3,000 shares traded, Derrimon Trading added 4 cents in the exchange of 1,100 units to close at $1.99, Dolphin Cove shed 50 cents to close at $7 with 3,454 shares changing hands. Elite Diagnostic dropped 15 cents to $3.60 in the trading of 900 units, Everything Fresh swapped 113,549 shares and lost 5 cents to end at 67 cents, Express Catering fell 20 cents trading 99,779 stock units to close at $3.10. Fontana gained 1 cent to finish at $5.30 with an exchange of 63,656 units, Fosrich settled at $3.94 after slipping 1 cent and trading 1,000 shares, General Accident closed trading 8 cents lower at $4.90 with 347,579 units changing hands. Honey Bun gained 5 cents to close at $5.40 with 5,166 stock units trading, iCreate ended 3 cents lower at 42 cents with 162,858 stock units crossing the exchange, Indies Pharma gained 5 cents and swapped 5,306 units to end at $2.35. Jetcon Corporation added 2 cents to close at $1.02 with 20,300 shares changing hands, KLE Group finished 5 cents higher at $1.65 with an exchange of 6,000 units, Knutsford Express closed trading of 3,445 units and dropped 56 cents to end at $8.43. Lasco Distributors picked up 2 cents in exchanging 1,103 shares to close at $2.97, Lasco Financial finished $2.75 after losing 17 cents in switching ownership of 42,023 units, Lasco Manufacturing fell 10 cents to $3.80 with 27,911 shares changing hands. Limners and Bards slipped 1 cent and exchanged 8,000 shares to end at $1.93, Lumber Depot closed 3 cents higher at $1.16 with 88,633 stock units trading, MailPac Group had another significant trading day with 1,472,605 units exchanged to settle at $1.70 after losing 6 cents. Main Event dropped $1.19 to end at $3.81 with 28,442 shares trading, Medical Disposables leaped 93 cents to $6.48 with 33,957 shares traded, SSL Venture slipped 1 cent and 120 shares switched ownership to end at 74 cents and tTech climbed 22 cents to $4.20 with 991 units crossing the exchange.

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: AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity, tTech

Junior Market regains footing – Tuesday

April 28, 2020 by IC Insider.com

The Junior Market recovered from a slight dip on Monday to record modest gains on Tuesday even as the number of securities declining outweigh those advancing as trading picked up, buoyed by dominant activity in shares of Lumber Depot, Main Event and Mailpac.

Lumber Depot dominated trading with 4.8 million shares

At the close of the market, the index advanced 17.20 points to close at 2,416. Market activities concluded with the prices of ten securities advancing, 13 declining and six remaining unchanged. The market average PE ratio ended at 9 times 2020-21 earnings.
Trading ended on Tuesday with 29 securities changing hands, resulting in an exchange of 12,280,544 units valued at $26,562,508 compared to 11,413,765 units valued at $23,915,377 from 34 securities on Monday.
Trading ended with an average of 423,467 units at $915,949, for each security traded, in contrast to 335,699 units for an average of $703,393 on Monday. The average volume and value for the month to date amounts to 483,382 units valued at $1,101,248 and previously 486,618 units valued at $1,111,255. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ended with bids higher than its last selling prices and one with a lower offer.
At the close of the market, Caribbean Assurance Brokers gained 5 cents to close at $2.25 with 647,069 units changing hands, Caribbean Cream gained 1 cent to settle at $2.27, exchanging 140,204 shares, Caribbean Producers ended with a loss of 8 cents at $2.52 in the swapping of 120,967 shares. Consolidated Bakeries rose 5 cents to $1.75 with 559 shares traded, Elite Diagnostic declined by 13 cents and swapped 32,000 units to settle at $3.75, Everything Fresh finished at 72 cents after falling 14 cents and trading 52,159 units. Fontana ended with a loss of 1 cent at $5.29 with 71,023 stock units changing hands, Fosrich exchanged 26,217 shares and climbed, 30 cents to end at $3.95, General Accident declined by 32 cents to settle at $4.98 with 51,100 shares changing hands. iCreate slipped 1 cent to 45 cents with an exchange of 1,007,244 units d, Jamaican Teas shed 2 cents in trading of 4,262 units to settle at $4.08, Jetcon Corporation declined 2 cents with 5,278 units crossing the market to close at $1. Knutsford Express climbed $1.99 to settle at $8.99 with 46,231 shares changing hands, Lasco Distributors shed 3 cents in trading of 43,601 units at $2.95, Lasco Financial closed market activity with 14,650 units crossing the exchange and gained 4 cents to end at $2.92. Lasco Manufacturing exchanged 32,261 shares and rose 2 cents to end at $3.90, Limners and Bards fell 6 cents to $1.94 in trading of 12,443 units, Lumber Depot declined 2 cents in swapping 4,795,516 units to finish at $1.13. Mailpac Group ended activity 1 cent higher at $1.76 with 1,472,663 shares traded, Main Event climbed 5 cents to settle at $1.19 with 1,880,010 shares changing hands, Medical Disposables exchanged 114,000 shares and rose 54 cents to end at $5.55. Stationery and Office Supplies closed with a loss of 50 cents at $6 in the swapping of 67,329 shares and tTech shred 77 cents to settle at $3.98 with 238,233 shares crossing the exchange.

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: Best performing stock market, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market faltered on Monday

April 27, 2020 by IC Insider.com

Friday’s rally was short-lived as the Junior Market lost 15.44 points to close at 2,398.80 on Monday after the prices of 16 securities advanced, 14 declined and four remained unchanged as trading picks up over Friday’s levels.

MailPac traded 8 million shares to dominate Junior Market trading.

The market average PE ratio ended at 8.8 times 2020-21 earnings.
Trading concluded on Monday with 34 securities changing hands, resulting in an exchange of 11,413,765 units valued at $23,915,377 compared to 2,927,416 units valued at $8,165,325 from 30 securities on Friday. MailPac dominated the day’s activities, controlling 72 percent of the volume of stocks traded for roughly $14.3 million.
Trading ended with an average of 335,699 units for $703,393 for each security traded in contrast to 97,581 units for an average of $272,177 on Friday. The average volume and value for the month to date continues to exceed March levels, with 486,618 units valued $1,111,255 trading and previously 496,819 valued at $1,138,825. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial climbed 49 cents after exchanging 10,000 shares to settle at $24.50, Blue Power closed trading of 104,545 shares and gained 5 cents to end at $3.75, Cargo Handlers climbed 75 cents to $6.50 with 6,730 units changing hands. Caribbean Assurance Brokers lost 15 cents to close at $2.20 with an exchange of 208,207 shares, Caribbean Cream dipped 14 cents in trading of 51,020 units to end at $2.26, Caribbean Producers declined 34 cents to $2.60 with 337,028 units changing hands. Consolidated Bakeries closed 18 cents higher at $1.70 with 5,012 stock units swapped, Derrimon Trading fell 24 cents in trading of 497,649 units to close at $1.95, Everything Fresh closed at 86 cents after exchanging 74,325 shares and adding 3 cents. Express Catering closed trading of 150,541 units and gained 5 cents to end at $3.30, Fontana lost 18 cents in trading of 520,997 units to close at $5.30, Fosrich climbed 20 cents and exchanged 162,750 to settle at $3.65. General Accident closed 30 cents higher at $5.30 with 59,100 stock units trading, GWest Corporation added 10 cents and exchanged 1,106 shares to end at 88 cents, Honey Bun traded of 40,520 units and gained 35 cents to finish at $5.35. iCreate slipped 1 cent to 46 cents with 158,393 stock units changing hands, Indies Pharma closed 4 cents higher at $2.30, with 67,161 units trading, Iron Rock Insurance declined by 35 cents to settle at $2.05 with 165,995 shares exchanged. Jamaican Teas dropped 10 cents in the trading of 49,299 units to close at $4.10, Jetcon Corporation climbed 12 cents and exchanged 1,137 shares to settle at $1.02, KLE Group fell 10 cents in trading of 50,000 units to finish at $1.60. Lasco Distributors closed trading of 2,323 units and gained 1 cent to end at $2.98, Lasco Financial lost 7 cents in trading 10,995 shares to close at $2.88, Lasco Manufacturing exchanged 9,020 shares to settle at $3.88 after falling 2 cents. Limners and Bards dipped 1 cent to $2 with 5,446 stock units changing hands, Lumber Depot ended with a loss of 1 cent at $1.15 with 297,770 units trading, MailPac Group swapped 8,166,074 shares and rose 7 cents to end at $1.75. Medical Disposables fell 49 cents to $5.01 with 160,455 shares exchanged, Stationery and Office Supplies climbed 40 cents and traded 582 shares to close at $6.50 and tTech climbed 54 cents to $4.75 with 2,000 shares crossing the exchange.

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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Stationery and Office, Trading Activity, tTech

Three IC TOP 10 changes

April 27, 2020 by IC Insider.com

The Main and Junior Market of the Jamaica Stock Exchange lost more ground this past week as investors continued profit but left the vast majority of the IC Insider.com TOP 10 stocks holding on the lists.

General Accident is IC TOP 10 focus with an expected cut in MV claims.

The Main Market closed the week with two changes, resulting from down-grading of their earnings. Dropping from the list are PanJam Investment and Sagicor Group and replaced by Jamaica Broilers and Stanley Motta. Only Mailpac Group moved out of the Junior Market TOP 10 and replaced by Access Financial Services that fell to $24.01 on Friday.
The three top Junior Market stocks remain unchanged from last week with Caribbean Producers leading, followed by KLE Group and Lasco Financial with the potential to gain between 307 to 546 percent by 2021. In the Main Market, Radio Jamaica leads the pact, followed by Berger Paints and JMMB Group, with projected gains of 150 to 208 percent.
This week’s focus: General Accident is set to do very well. Last year’s earnings grew 48 percent from an increase of 22 percent in gross premium income and a 25 percent increase in net premium. The company acquired majority shares in the Trinidad based MotorOne Insurance that will add to revenues in 2020. One of the most critical development that investors seem to be ignoring is the likely sharp reduction in claims for motor vehicle accidents during the period of business disruption when there is far less traffic on the roads. Last year, claims amounted to $100 million per month. Historical trends show that the stock tends to remain fairly flat until the second half of a year.
Uncertainties exist in the economy and financial markets accordingly, and it is not possible to determine the exact impact on company earnings for the rest of the year. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits for companies can be useful in guiding investment decisions for above-average gains in the period ahead.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter, up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 12.8 and the Junior Market a mere 9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.3 with the Main Market at a much higher level of 8.5.
The TOP 10 stocks now trade at a discount of 41 percent of the average for Junior Market and Main Market stocks trade at a discount of 34 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 298 percent, for the Junior Market and 140 percent for the JSE Main Market, based on 2020-21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected 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 when new information is received that affects earnings significantly.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Berger Paints, CAC2000, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, KLE Group, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Junior Market breaks losing streak

April 24, 2020 by IC Insider.com

After attempting to rally on the previous four days with gains in the morning sessions and getting hit by selling that push the market lower on each occasion, the Junior Market finally relented and rose on Friday.
At the close, the Junior Market Index advanced 35.13 points to close at 2,414.24 after risen over 50 points at one stage of the day and left the average PE ratio ended at 8.8 times 2020-21 earnings. Market activities resulted in prices of 6 securities advancing, 12 losing and 12 remaining unchanged.
Trading concluded on Friday with an exchange of 30 securities, resulting in 2,927,416 units valued at $8,165,325 changing hands, compared to 24,912,363 units valued at $54,086,454 on Thursday. The stock exchange daily trading report for Friday has the incorrect total volume and value traded.
Trading ended with an average of 97,581 units at $272,177 for each security traded, in contrast to 711,782 units at an average of $1,545,327 on Thursday. The average volume and value for the month to date amounts to units 496,819 valued at $1,138,825 and previously 546,675 units valued at $1,193,792. In contrast, March closed with an average of 226,230 units valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial lost 99 cents in trading 1,165 shares to close at $24.01, Blue Power climbed 40 cents and exchanged 1,000 shares at $3.70, Caribbean Producers rose 19 cents and traded 140,238 shares at $2.94. Derrimon Trading ended with a loss of 1 cent at $2.19 with 577,500 stock units changing hands, Express Catering fell by 10 cents in trading of 227,833 units at $3.25, Fosrich closed 35 cents higher at $3.45, with 60,000 stock units trading. Fontana declined 8 cents to settle at $5.48, in trading 381,191 shares, GWest Corporation ended with 14,437 stock units changing hands, after rising 3 cents to end at 78 cents. Honey Bun shed 50 cents in exchanging 57,476 units at $5, iCreate ended with a loss of 1 cent at 47 cents, with 5,793 stock units changing hands, Jamaican Teas fell 10 cents to close at $4.20, with 4,500 shares passing through the market, Knutsford Express lost $1 to close at $7, with 4,591 stock units changing hands. Lasco Financial closed trading of 5,750 units and gained 5 cents to end at $2.95, Lasco Manufacturing lost 7 cents in trading 3,747 shares to close at $3.90. Mailpac Group ended with a loss of 1 cent at $1.68 with 356,247 stock units changing hands, Main Event shed 4 cents in trading 100,880 units at $3.81 and tTech climbed one cent and exchanged 260 shares at $4.21.