Lasco Distributors

Junior market indicators point higher

January 5, 2015 by IC Insider.com

Lasco Financial Services’ stock was the sole one to gain on the junior market

At the close of trading on the Junior Market there were 9 stocks with bids higher than their last selling prices and only 1 with the offer that was lower, the strongest this has been in months and a signal of rising prices ahead.
At the close of the junior market had 6 securities closing with no bids to buy. There were 9 securities that had no stocks being offered for sale, the latter is in keeping with the increase in the number of stocks with bids that are higher than the last selling prices.
At the close only 6 securities traded and ended with only 314,145 units valued at $336,525 changing hands. The JSE Junior Market Index rose 0.11 points to close at 689.20, with the price 1 advancing and 1 declining.
Stocks trading on Monday are, Lasco Financial that closed with 13,811 shares changing hands to gain 7 cents at $1.05, Consolidated Bakeries closing with 815 shares trading at 82 cents, General Accident finishing with 40,000 shares changing hands at $1.75, Honey Bun ending with 4,625 shares trading at $1.71. Lasco Distributors concluded trading with 167,894 shares changing hands at $1.45 and Lasco Manufacturing ended having 87,000 shares changing hands to close 2 cents lower at $1.10.

Filed Under: JSE Junior Market, Stock Market Tagged With: Consolidated Bakeries, Daily Trading, General Accident, Honey Bun, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Purity

Junior market up 1st trading day of 2015

January 2, 2015 by IC Insider.com

Caribbean Cream traded at 77 cents to gain 2c but closed with the bid at 80c.

Activity on the Junior Market closed with on the first trading day of 2015, in 8 securities ending with 264,067 units valued at $375,776 changing hands. The JSE Junior Market Index rose 1.13 points to close at 689.09, with the price 4 advancing and 2 declining.
At the close of the market continues to reflect renewed interest in junior stocks with 6 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale, in addition there were 6 stocks with bids higher than their last selling prices and none with offers that were lower.
The stocks trading are, AMG Packaging trading 22,220 shares with the price rising 25 cents to $2.15, Caribbean Cream ended with 68,000 shares changing hands to close 2 cents higher at 77 cents, Caribbean Producers closed with 9,935 shares with the price rising 8 cents to $2.11, Paramount Trading finished with 42,000 shares changing hands to close 9 cents up to $2.71.
Lasco Distributors finished with only 1,850 shares changing hands at $1.45, Lasco Manufacturing ended with 116,962 shares changing hands to close at $1.12, Derrimon Trading closed with 3,000 units changing hands, the price slipped 5 cents to $2.10 and Dolphin Cove ended with only 100 shares trading 20 cents lower to $8.80.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Jamaican Stock, Lasco Distributors, Lasco Manufacturing, Paramount Trading

Access dominates with 1.2b shares

December 30, 2014 by IC Insider.com

There was trading in 135,339,271 units of Access Financial shares which were primarily sold by Mayberry from their holdings and purchased by Proven Investments, in 33 trades. The acquisition places Proven at just under 50 percent ownership of the company. The trade was by far the largest on the exchange for the day and leaves less than 10 percent of the ownership in the wider public’s hands.
Trading on the Junior Market closed with only 6 securities traded and ended with 135,592,084 units valued at $1,218,415,832 changing hands. The JSE Junior Market Index fell 4.72 points to close at 684.63, with the price of only 1 stock advancing and 3 declining.
Even as the index slipped, the junior market continues to reflect renewed interest with 4 securities closing with no bids to buy and there were 9 securities that had no stocks being offered for sale. At the close of the market, the indicators point to rising prices ahead as there were 6 stocks with bids higher than their last selling prices and only 1 stock with the offer that is lower.
Stocks trading are, Lasco Financial ended trading with 3,000 shares as the price rose 2 cents to 98 cents, General Accident ended with 3,000 shares changing hands at $1.75, Lasco Manufacturing had 8,813 shares changing hands to close at $1.12. Access Financial closed with 135,339,271 units trading as the price slipped 5 cents to $9, Caribbean Producers finished with 1,000 shares trading lower by 2 cents to $2.03 and Lasco Distributors ended with 237,000 shares trading 4 cents lower at $1.41.

Filed Under: Company News, JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), General Accident, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Access 14m shares trade cancelled

December 29, 2014 by IC Insider.com

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Mayberry traded 14,065,475 units of Access Financial shares at $9 on Monday but the transactions were cancelled after the market closed. Apparently, the trade was in breach of the court order for the two major shareholders to freeze their respective holdings. The official trading report of the Jamaica Stock Exchange showed the trades as they were still valid, but data on the stock exchange trading system show the trades as cancelled.
In actual trading on the Junior Market, only 6 securities traded ending with 336,824 units valued at $597,178 changing hands. The JSE Junior Market Index dropped 1.01 points to close at 689.28, with the price of 2 advancing and 2 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy up from 11 some weeks ago. There were 10 securities that had no stocks being offered for sale, including 2 junior market preference shares.
The stocks trading are, Honey Bun ended trading with only 222 shares changing hands to close 1 cent up at $1.71, Lasco Distributors ended with 27,802 shares trading and gained of 1 cent to $1.45, AMG Packaging ending with 2,500 shares trading at $2.15. General Accident finished with 1,000 shares trading at $1.75, Caribbean Producers finished with 226,000 shares trading lower by 2 cents to $2.05, Lasco Financial ended trading, with 79,300 shares changing hands, to close 2 cents down at 96 cents

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers (CPJ), General Accident, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial

Eppley 10% Preference share list

December 24, 2014 by IC Insider.com

Eppley’s latest cumulative preference shares were listed on Wednesday, there was no trading in the stock. The listing flowed from the reopening of an issue which went to market in November and was oversubscribed and led to the reopening of the issue on in December on the same terms which includes interest at 10 percent for two years then a step up thereafter, the second was also oversubscribed.
Activity Trading on the Junior Market closed with only 6 securities trading and ended with 929,121 units valued at $1,202,090. The JSE Junior Market Index rose 1.68 points to close at 690.29, with the price of 3 advancing and 1 falling.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to show renewed interest with only 4 securities closing with no bids to buy. There were 9 securities that had no stocks being offered for sale.
The stocks that traded on the day before Christmas are, Access Financial with 7,903 shares to gain 9 cents at $9.05, Lasco Financial traded just 2,000 shares at 1 cents higher at 98 cents, Lasco Manufacturing had 649,041 units trading to put on 1 cent to $1.12. Lasco Distributors with 258,877units suffered a 1 cent fall, to $1.44, Blue Power traded just 1,300 shares at $6.30 and Honey Bun saw trading in 10,000 shares at $1.70.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Daily Trading, Eppley, Honey Bun, Jamaican Stock, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Cargo Handlers at new high

December 23, 2014 by IC Insider.com

Cargo Handlers closed at a new all-time high, on the junior market on Tuesday, but with only a small volume and Blue Power was by far the leading trade with a value of $3,370,500. Activity elsewhere saw trading in only 6 securities traded and ended with 739,790 units valued at $3,626,764.
At the close of the JSE Junior Market Index rose 5.63 points to close at 688.61 with the price of 2 advancing and 2declining. Trading ended with 3 stocks having bids higher than their last selling prices and only 1 with a lower offer. The junior market had only 4 securities closing without bids to buy. There were 9 securities that had no stocks being offered for sale.
The stock trading on the junior market on Tuesday are, Cargo Handlers that ended trading with 220 shares and jumped $1.40 to close at a new high of $16. Dolphin Cove closed with 2,000 shares, the price rose 50 cents to $9. Lasco Financial ended with 17,700 shares trading and lost 1 cent to 97 cents, Lasco Manufacturing closed 1 cent lower at $1.11 while trading 146,870 shares. Blue Power closed trading with 535,000 units, the price ended at $6.30 and Lasco Distributors closed with 38,000 shares at $1.45.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Cargo Handlers, Dolphin Cove, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Activity picks up on junior market

December 22, 2014 by IC Insider.com

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Activity is picking up in the junior market with far less stocks closing without bids on Monday. There has been noticeable improvement in this measure over the last two weeks with the number falling from as high as 11 a few weeks ago.
Trading on the Junior Market closed with only 7 securities traded and ended with 187,106 units valued at $207,965. The JSE Junior Market Index rose 3.44 points to close at 682.98, with the price 4 advancing. At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show improvement in sentiment with only 4 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
The stocks trading in the junior market on Monday are, Cargo Handlers that ended with 754 shares changing hands, to close with a gain of 40 cents at $14.60. Dolphin Cove ended with 2,475 trading to close 40 cents higher at $8.50, Lasco Manufacturing finished trading 32,500 units for 2 cents more at $1.12, Medical Disposables concluded trading with 7,000 shares changing hands, to close 5 cents up at $1.75. AMG Packaging closed with 23,300 units trading as the price remained at $2.15, Lasco Distributors closed with 15,000 shares changing hands at $1.45 and Lasco Financial finished with 106,077 shares at 98 cents.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Daily Trading, Dolphin Cove, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables

Honey Bun new low of $1.70

December 19, 2014 by IC Insider.com

Activity Trading on the Junior Market closed with only securities traded and ended with 566,814 units valued at $860,032. The JSE Junior Market Index fell 7.75 points to close at 679.54, with the price of one stock advancing and five declining.

Honey Bun closed at a new high of $6.60 on Monday.

At the close of the market, there was one stock with a bid higher than the last selling prices and none with a lower offer. The junior market is lowly regaining strength but not there yet, with five securities closing with no bids to buy. Eight securities had no shares offered for sale, a positive indicator that prices could be rising shortly.
Paramount Trading ended with 19,429 shares trading with a gain of 6 cents to $2.62, AMG Packaging closed with 580 shares trading at $2.15, Lasco Manufacturing closed with 128,435 shares changing hands to close at $1.10, Access Financial closed with 11,000 units trading, the price slipped 4 cents, to $8.96. Dolphin Cove lost 40 cents to close at $8.10 and finished trading with 3,200 shares. Honey Bun ended trading with 7,000 shares changing hands to close 30 cents lower at $1.70, for a new 52 weeks’ low, Lasco Distributors traded 291,300 units with the price slipping 5 cents $1.45 and Lasco Financial traded 105,870 shares lower by 7 cents at 98 cents.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Dolphin Cove, Emerging markets, Honey Bun, Jamaican stocks, junior market, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading

Low activity on junior market

December 18, 2014 by IC Insider.com

The junior market has been slowly rebuilding since a 2014 low reached in June

Activity Trading on the Junior Market closed with 7 securities traded and ended with 383,283 units valued at $624,792. The JSE Junior Market Index rose 8.21 points to close at 687.29, with the price 2 advancing and only 1 falling. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 stock with the offer that was lower. The junior market continues to limited participation from a number of the junior market stocks with 6 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Blue Power closed with 910 units with a 14 cents gain to $6.30, followed by Lasco Distributors finishing trading with just 1,600 units to close trading with an increase of 9 cents at $1.50. AMG Packaging closed trading with 51,578 shares changing hands at $2.15, General Accident had 220,595 shares trading at $1.75 followed by Honey Bun with a mere 300 shares at $2, Lasco Financial ended trading with 3,300 units at $1.05 and Lasco Manufacturing traded 105,000 shares and lost cents 2 to end at $1.10.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Daily Trading, General Accident, Honey Bun, Jamaican Stock, junior market, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing

Juniors still waiting to move

December 11, 2014 by IC Insider.com

Trading in the Junior Market closed with very little activity with only 5 securities traded. Trading ended with 628,116 units valued at $3,063,328. The JSE Junior Market Index fell 5.89 points to close at 667.73, with the price advancing.

Eppley 9.5% preference share was the leading trade on the junior market

At the close of the market, there were only 1 stock with the bid higher than the last selling price and none with lower offers. The junior market is showing signs of improvement, but continues to exhibit areas of weakness with 6 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Blue Power only traded 320 shares at $6.16 followed by Caribbean Producers in trading 26,500 units at $2.15 after falling 5 cents, General Accident with 33,296 units traded to close at $1.75 each Lasco Distributors chipped in with 100,000 units at $1.40 and lost 5 cents.
Eppley Limited 9.5% preference share traded 468,000 shares as the price slipped 9 cents to end at $6 a bit strange since the company is going back to the market with preference shares priced at $6 to start yielding 10 percent for two years.