Lasco Distributors

Gains for Junior Market

January 5, 2022 by IC Insider.com

Trading closed on Wednesday, with the money entering the market jumping 91 percent higher than on Tuesday as the volume of stocks trading rose just 10 percent more than previously traded and resulted in the Jamaica Stock Exchange Junior Market rising at the close.
The Junior Market Index popped 24.26 points to settle at 3,444.62 as 36 securities traded, down from 39 on Tuesday and ended with 11 rising, 14 declining and 11, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages14.4. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 4,123,382 shares traded for $19,617,436 compared to 3,733,550 units at $10,264,636 on Tuesday. Cargo Handlers led trading with 963,019 shares for 23.4 percent of total volume followed by Lumber Depot with 446,212 units for 10.8 percent of the day’s trade and Jamaican Teas 443,682 units for 10.8 percent market share.
Trading averaged 114,538 shares at $544,929, up from 95,732 shares at $263,196 on Tuesday and month to date, an average of 111,727 units at $409,463, compared to 110,359 units at $343,561 on Tuesday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Caribbean Assurance Brokers increased 10 cents in closing at $2.70 after 429,197 shares crossed the exchange, Dolphin Cove shed 68 cents to end at $15.50 with the swapping of 188,804 stocks, Fosrich lost 70 cents to $11.80 with 22,668 units passing through the market. General Accident fell 88 cents to close at $6 in an exchange of 1,251 stock units, GWest Corporation popped 5 cents in ending at 90 cents with 2,188 units changing hands Honey Bun gained 9 cents in closing at $9.30 while exchanging 48,734 stock units. Indies Pharma lost 14 cents after ending at $3.04 in exchanging 137,581 stocks, KLE Group popped 67 cents to close at $2.97 with 1,000 shares clearing the market, Knutsford Express dropped 10 cents to $7.90 after exchanging 40 units. Lasco Distributors shed 6 cents to end at $3.31 in trading 51,791 shares, Lasco Manufacturing climbed 28 cents to $4.85 with 127,945 stock units crossing the market, Limners and Bards declined 7 cents in closing at $3.69 trading 73,328 stocks. Main Event fell 49 cents to close at $4.01 in trading 6,383 stocks, Paramount Trading rallied 5 cents to end at $1.20 in exchanging 5,850 stock units and Stationery and Office Supplies dropped 20 cents to $5.65 in switching ownership of 200,353 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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, 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, Stationery and Office, Trading Activity, tTech

Junior Market suffers sharp pullback

January 4, 2022 by IC Insider.com

Trading closed on Tuesday, with the volume of stocks traded declining after trading 16 percent less, valued 32 percent less than on Monday and resulted in a sharp pullback in the market index at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 39 securities trading up from 35 on Monday and ended with 15 rising, 15 declining and nine closed unchanged after Fosrich traded at a record high of $12.50. The Junior Market Index dropped 33.47 points to settle at 3,420.36.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.7. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with the financial years, ending up to August 2022.
Trading accounted for 3,733,550 shares for $10,264,636 down from 4,433,043 units at $15,158,849 on Monday. GWest Corporation led trading with 1.02 million shares for 27.4 percent of total volume followed by Future Energy Source with 262,958 units for 7 percent of the day’s trade and Tropical Battery with 218,718 units for 5.9 percent market share.
Trading averaged 95,732 shares at $263,196 against 126,658 shares at $433,110 on Monday and month to date, an average of 110,359 units at $343,561. December trading average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power gained 38 cents in ending at $3.54 after trading 6,500 shares, Cargo Handlers popped 49 cents to $7.50 in exchanging 55,000 stocks, Caribbean Assurance Brokers rallied 10 cents to $2.60, with 210,601 units clearing the market. Dolphin Cove fell 82 cents to $16.18, trading 34,952 stock units, Elite Diagnostic dropped 5 cents to end at $2.95, with 1,682 units crossing the market, Everything Fresh popped 6 cents to end at $1 while exchanging 147,525 shares. Express Catering advanced 15 cents in ending at $5.60 with an exchange of 14,660 stocks, Fosrich popped $2.25 to $12.50, with 43,486 stock units changing hands, General Accident jumped 88 cents to $6.88 in switching ownership of 13,790 shares. Indies Pharma shed 21 cents to close at $3.18 trading 211,525 units, KLE Group spiked 30 cents in closing at $2.30 in trading 866 stocks, Lasco Financial rose 6 cents to end at $3.12 with the swapping of 8,307 stock units. Lasco Manufacturing declined 20 cents to close at $4.57, with 716 stocks crossing the exchange, Main Event lost 5 cents at $4.50 after exchanging 8,275 shares, Medical Disposables advanced 31 cents to $6.36 with an exchange of 19,731 stock units. Paramount Trading fell 10 cents in closing at $1.15 and trading 12,630 units and Stationery and Office Supplies shed 54 cents to end at $5.85 with 151 units changing hands.

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, FESCO, Fontana, FosRich, Future Energy Source, 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, Stationery and Office, Trading Activity, tTech

Junior Market rises on light trading

January 3, 2022 by IC Insider.com

Trading closed on Monday, with the volume of stocks traded rising declining 88 percent with the value falling by 86 percent lower than on Friday after the market index rose at the close of the Jamaica Stock Exchange Junior Market.
A total of 35 securities traded down from 39 on Friday with 13 rising, 15 declining and seven closing unchanged.
At the close, the Junior Market Index popped 25.53 points to 3,453.83 after trading as high as 3,476.12 within 15 minutes of the market’s opening.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratios of stocks in the chart below are based on earnings forecasts by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,433,043 shares changing hands for $15,158,849 versus 36,836,465 units at $111,353,786 on Friday. Caribbean Assurance Brokers led trading with 1.17 million shares for 26.3 percent of total volume, followed by Derrimon Trading, 938,417 units for 21.2 percent of the day’s trade and Mailpac Group 655,668 units with a 14.8 percent market share.
Trading averaged 126,658 shares at $433,110 down from 944,525 shares at $2,855,225 on Friday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial increased $1.75 to $20.75 after trading just 47 shares, Blue Power spiked 18 cents to $3.16 with 2,193 stocks clearing the market, Cargo Handlers dropped $1.24 to $7.01, with the swapping of 4,531 stock units. Caribbean Assurance Brokers gained 10 cents to close at $2.50, with 1,165,378 units crossing the market, Caribbean Cream shed 38 cents to end at $5.32, with 3,668 units changing hands, Dolphin Cove popped $2 to end at $17 after exchanging 179,535 shares. Elite Diagnostic rose 15 cents to $3 in exchanging 125,078 stocks, Fosrich advanced 5 cents to close at a 52 weeks’ high of $10.25 after trading at 7,539 stock units, Indies Pharma fell 11 cents to $3.39 in switching ownership of 58,076 shares. Jetcon Corporation declined 5 cents in closing at 88 cents after an exchange of 189,015 stock units, KLE Group climbed 21 cents to $2 in trading 8,014 stocks, Knutsford Express lost 32 cents to end at $8 with 1,509 units changing hands. Lasco Financial rallied 6 cents to close at $3.06 with an exchange of 259,716 units, Limners and Bards dipped 11 cents to $3.76 in an exchange of 144,683 shares, Lumber Depot slipped 11 cents to $3 while exchanging 122,784 stock units. Mailpac Group declined 29 cents to $3.49, with 655,668 stocks changing hands, Main Event rose 5 cents to $4.55 in trading 40,000 shares and Medical Disposables fell 44 cents to end at $6.05 after 6,197 stock units crossed the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

64% gains for ICTOP10 picks in 2021

January 3, 2022 by IC Insider.com

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The 2021 calendar year ended on Friday, with the Junior Market rising a near 30 percent and the Main Market just holding above the close of the prior year. Against this backdrop ICInsider.com TOP 15 stocks at the start of the year had a 53 percent average gain in the Junior Market but 64 percent when Honey Bun that was reported on in December 2020 and Future Energy Sources (Fesco) that was Buy Rated when the IPO hit the market was up and impressive 64 percent.

IC Buy Rated Caribbean Producers was by far the best performing stock on the JSE for 2021.

Only three Junior Market stocks declined amongst our selection with Elite being the worse with a loss of 11 percent.
TOP10 MM stock did not do as well as the JM but that was told to readers at the start of the year. The average gain for the TOP15 Main Market stocks was 10 percent that excludes Caribbean Producers. The highest gaining stock from the list was Radio Jamaica up 61 percent and Grace Kennedy 58 percent, the two worse performers were Berger Paints and Scotia Group down 12 percent each.
The big news for the market for the past week continues to be the Initial Public offer of Spur Tree Spices priced at $1 per share that was heavily oversubscribed.
Medical Disposables rose 7 percent for the week to $6.49 and dropped out of the TOP10 and was replaced by General Accident that comes in at $6. In the Main Market TOP10, Sagicor Group rose 9 percent for the week to close at $58 and was replaced by Scotia Group at $36.
During the week AMG Packaging rose 4 percent to $2.20, Access Financial Services lost 9 percent to $19, Lasco Distributors rose 6 percent to $3.47, Elite Diagnostic rose 5 percent to $2.85 and Honey Bun gained 8 percent to $9.25. In the Main Market, Caribbean Producers popped 9 percent to $13, JMMB Group and PanJam Investment rose 3 percent, while losses were suffered by Radio Jamaica down 5 percent and Sterling Investments with a fall of 7 percent
The top three Main Market stocks, this week are Guardian Holdings followed by JMMB Group and Radio Jamaica all projected to gain between 199 and 258 percent up from 183 and 261 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers and Access Financial Services. All three can gain between 174 and 218 percent versus 158 and 230 percent, previously.
The average gains projected for the TOP 10 Junior Market stocks remained unchanged at 149 percent and Main Market stocks moved from 154 percent to this weeks’ 152 percent.
The Junior Market closed the week, with an average PE of 14.8 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.2, with a 45 percent discount to that market’s average.
The Junior Market can gain 35 percent to March next year, based on an average PE of 20 and 15 percent based on an average PE of 17.
The average PE for the JSE Main Market is 16.4, just 16 percent less than the PE of 19 at the end of March and 22 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.2 representing a 50 percent discount to the market and well below the potential of 20. A total of 13 stocks or 28 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Dolphin Cove, Emerging markets, Future Energy Source, General Accident, GraceKennedy, Jamaican Stock Exchange, Jamaican stocks, junior market, Lasco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Spur Tree Spices, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Sharp jump in trading for Junior Market

December 31, 2021 by IC Insider.com

The volume of stocks trading surged on the final day of 2021 on Friday, with the volume of stocks traded spiking 1,366 percent, with the value rising by 994 percent higher than on Thursday as Future Energy Source 30.3 million shares at the close of the Jamaica Stock Exchange Junior Market.

Fesco up 266% since April listing on The Junior Market.

At the close of trading, the Junior Market Index fell 12.61 points to end at 3,428.30 and gained 29.7 percent for the year, in the process wiped out the 21.1 percent fall suffered in 2020 as the market ended 2021 moderately up from the 2019 close of 3,348.97 points.
A total of 39 securities traded up from 37 on Thursday of which 12 rose, 17 declined and 10 closed unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.8. The PE ratio of each stock is shown in the chart below, is based on earnings forecast by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 36,836,465 shares traded for $111,353,786, up from 2,513,010 units at $10,180,362 on Thursday. Future Energy Source controlled 82.2 percent of total volume with 30.29 million shares followed by Mailpac Group with 1.38 million units for 3.7 percent of the day’s trade and iCreate with 1.01 million units for 2.7 percent market share.
Trading averaged 944,525 shares at $2,855,225, up from 67,919 shares at $275,145 on Thursday and month to date, an average of 409,209 units at $1,318,877, compared to 381,298 units at $1,238,760 on Thursday. November closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 62 cents to $2.98 with the trading 6,500 shares, CAC 2000 dropped $1.10 to close at $7.20 with an exchange of 450 units, Cargo Handlers climbed 90 cents to $8.25 in an exchange of 13,724 stock units. Caribbean Flavours declined 6 cents in closing at $1.91 after an exchange of 231,187 stocks, Dolphin Cove shed 40 cents to end at $15, with 112,620 stocks changing hands, Elite Diagnostic lost 13 cents to close at $2.85 after 36,055 stock units crossed the market. Express Catering declined 37 cents to $5.45 after an exchange of 958,700 shares, Fosrich rallied $1.28 in closing at a 52 weeks’ high of $10.20 in trading 439,682 units, Future Energy Source popped 10 cents to end at $2.93 while exchanging 30,289,019 shares. General Accident slipped 10 cents to $6 in exchange for 734 units, Honey Bun gained 65 cents to end at $9.25 in trading 2,470 stocks, Indies Pharma increased 45 cents to $3.50 in exchanging 172,196 stock units. Jetcon Corporation popped 13 cents to 93 cents, with 32,136 stock units crossing the market, Limners and Bards rose 7 cents in closing at $3.87 in swapping 161,315 stocks, Lumber Depot advanced 13 cents to $3.11 after trading 829,315 shares and Mailpac Group rose 28 cents in closing at $3.78 with 1,378,158 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market pushes higher

December 30, 2021 by IC Insider.com

Trading pushed prices and the market value higher on Thursday, on the Jamaica Stock Exchange Junior Market with market Index surging 40.20 points to settle at 3,440.91 after the market opened with the index at 3,466.07 as 37 securities traded to end with 18 rising, 13 declining and six, closing unchanged as the volume and value traded fell 48 and 42 percent respectively against Wednesday, when stocks of 37 companies traded.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.6. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 2,513,010 shares traded for $10,180,362 down from a total of 4,846,291 units with a value of $17,572,903 on Wednesday. Lumber Depot led trading with 545,351 shares for 21.7 percent of total volume followed by Derrimon Trading with 400,494 units for 15.9 percent of the day’s trade and Fontana 283,245 units, with 11.3 percent market share.
Trading averaged 67,919 shares at $275,145 versus 130,981 shares at $474,943 on Wednesday and month to date, an average of 381,298 units at $1,238,760 compared to 397,606 units at $1,288,906 on Wednesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, AMG Packaging climbed 5 cents to $2.20 in an exchange of 20,466 shares, Blue Power advanced 34 cents to end at $3.60 after exchanging 66,262 stock units, Cargo Handlers popped $1.74 in closing at $7.35 with an exchange of 9,200 stocks. Caribbean Cream gained 69 cents to close at $5.70, with 1,000 units crossing the market, Derrimon Trading declined 11 cents to $2.21 with an exchange of 400,494 stock units, Dolphin Cove rallied 40 cents to close at $15.40 trading 71,722 units. Future Energy Source lost 7 cents to end at $2.83, with 204,063 stocks changing hands, General Accident popped 10 cents to $6.10 while exchanging 1,305 shares, Honey Bun dropped 90 cents in closing at $8.60after trading 55,734 units. Iron Rock Insurance shed 85 cents in ending at $3.10 after 87 shares crossed the market, Limners and Bards popped 5 cents to close at $3.80, with 46,676 stock units clearing the market, Lumber Depot rose 7 cents in closing at $2.98 in exchanging 545,351 stocks. Mailpac Group rallied 5 cents to $3.50 after exchanging 232,032 shares, Stationery and Office Supplies rose 89 cents to $6.39 in switching ownership of 4,237 stocks and tTech popped 73 cents to $4.78 in trading 9,956 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: 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, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Trading volume drops for Junior Market

December 29, 2021 by IC Insider.com

Trading on Wednesday, return to more normal levels at the close of the Jamaica Stock Exchange Junior Market as the volume trading fell 82 percent and the value plunged 83 percent compared to Tuesday, with the absence of any major trade, unlike Tuesday, when Limners and Bards led trading with 21.41 million shares, with 81.7 percent of stocks trading.
Market activity led to 37 securities trading compared to 40 on Tuesday and ended with 14 rising, 10 declining and 13, closing unchanged.
At the close, the Junior Market Index popped 6.43 points to end at 3,400.71.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.6. The PE ratios shown in the chart below, are computed based on earnings forecasts by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 4,846,291 shares were traded for $17,572,903 compared to 26,214,746 units at $101,388,552 on Tuesday. tTech led trading with 2.09 million shares for 43.2 percent of total volume followed by Future Energy Source with 756,379 units for 15.6 percent of the day’s trade and Tropical Battery with 368,203 units for 7.6 percent market share.
Trading averaged 130,981 shares at $474,943 in contrast to 655,369 shares at $2,534,714 on Tuesday and month to date, an average of 397,606 units at $1,288,906, compared to 412,242 units at $1,333,589 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cream dropped 69 cents to end at $5.01 with an exchange of 20,960 shares, Caribbean Flavours climbed 8 cents in closing at $1.99 in switching ownership of 418 units, Elite Diagnostic advanced 31 cents to $2.99 after exchanging 200 stocks. Fontana rose 19 cents to close at $7.49, with 56,830 stock units trading, Honey Bun slipped 10 cents to $9.50 while exchanging 8,545 stocks, iCreate declined 6 cents in ending at 84 cents with an exchange of 175,996 shares. ISP Finance fell $3.79 to $38 trading 10 stock units, Jamaican Teas popped 13 cents in closing at $3.98 after exchanging 17,939 units, Jetcon Corporation lost 13 cents to end at 80 cents, with 296,260 shares changing hands. Knutsford Express gained 28 cents to close at $8.35 in an exchange of 1,860 stock units, Lasco Manufacturing increased 5 cents to $4.80, with the swapping of 7,308 stocks, Limners and Bards dropped 8 cents to $3.75, with 121,239 units clearing the market. Lumber Depot popped 10 cents in closing at $2.91, with 290,515 shares crossing the market, Mailpac Group rallied 5 cents to end at $3.45 in trading 241,180 stocks, Main Event increased 49 cents to $4.50 trading 22,957 stock units. Medical Disposables advanced 45 cents in closing at $6.50 after exchanging 4,973 units, Paramount Trading shed 5 cents to $1.25, with 18,000 shares crossing the market and tTech popped 5 cents to close at $4.05 in trading 2,093,452 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: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, 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, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Huge jump in Junior Market trading

December 28, 2021 by IC Insider.com

Trading spiked sharply on Tuesday on the Jamaica Stock Exchange Junior Market 586 percent over Friday on the first trading day of the final week of the year after investors pushed 26,214,746 shares through the market with a value of $101,388,552 compared to 3,820,783 units at $10,981,907 on Friday. Limners and Bards led trading with 21.41 million shares for 81.7 percent of total volume.
Other leading trades were Fosrich, with 1.1 million units for 4.2 percent of the day’s trade and Lumber Depot, with 1.04 million units for 4 percent market share.
Only two securities did not participate in trading on Monday as 40 securities traded, up from 35 on Friday, ending with 16 rising, 17 declining and seven were unchanged. At the close, the Junior Market Index lost 3.20 points to settle at 3,394.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading averaged 655,369 shares at $2,534,714 in contrast to 109,165 shares at $313,769 on Friday, with the month to date, averaging 412,242 units at $1,333,604, compared to 396,903 units at $1,257,824 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial shed $1.95 in closing at $19 after trading 328 shares, Blue Power climbed 28 cents to close at $3.28 with an exchange of 200 units, Cargo Handlers declined $1.64 to end at a 52 weeks’ low of $5.61 in an exchange of 9,165 stock units. Derrimon Trading increased 11 cents to $2.32 trading 20,007 stocks, Dolphin Cove rose $1.20 to $15, with 155,865 units crossing the exchange, Elite Diagnostic dropped 3 cents to $2.68 trading 55,959 stocks. Express Catering advanced 10 cents to end at $5.80 with 355,597 shares changing hands, Future Energy Source lost 5 cents in closing at $2.90 after an exchange of 465,016 stock units, General Accident fell 30 cents to close at $6 in trading 16,505 units. GWest Corporation rallied 10 cents to 90 cents, with 1,100 shares changing hands, Honey Bun spiked $1.05 to end at $9.60 with the swapping of 10,907 stock units, iCreate added 5 cents to close at 90 cents in switching ownership of 7,079 stocks. Iron Rock Insurance popped 36 cents to $3.95 while exchanging 300 units, ISP Finance jumped $3.79 to $41.79 in an exchange of 60 shares, Jamaican Teas dropped 16 cents to $3.85, with 207,416 stocks clearing the market. Jetcon Corporation fell 6 cents to close at 93 cents trading 13,499 stock units, KLE Group popped 26 cents in ending at $1.77 after 1,500 units crossed the market, Lasco Distributors lost 7 cents to $3.40 with the swapping of 3,731 shares. Lasco Financial shed 7 cents in closing at $2.99 after trading 11,139 stocks, Lasco Manufacturing declined 9 cents to end at $4.75 with the swapping of 36,700 stock units, Limners and Bards rose 18 cents in ending at $3.83 in switching ownership of 21,405,514 stocks. Lumber Depot shed 22 cents in closing at $2.81, with 1,036,521 shares clearing the market, Paramount Trading advanced 19 cents to $1.30 after exchanging 50,200 stock units, Stationery and Office Supplies dropped 89 cents to end at $5.50 while exchanging one unit and tTech dropped 78 cents to close at $4, with 2,128 shares changing hands.
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 Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, 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

Spur Tree Spices joins ICTOP10

December 27, 2021 by IC Insider.com

The big news for the market for the past week was the release of the prospectus of the long-awaited Initial Public offer of Spur Tree Spices priced at $1 per share at PE of 8.7 based on earnings before tax and propelling the stock in this week’s Junior Market ICTOP10. Investors should also see the prospectus release for Jamaica Fibreglass Products this week or next.
Spur Tree pushed Jetcon Corporation out of the TOP10, with the latter enjoying a 9 percent price rise to 99 cents. Over in the Main Market TOP10, Sagicor Group rose just 2 percent to close at $53.
During the week, AMG Packaging rose 3 percent to $2.12, Access Financial Services climbed 7 percent to $20.95, Lasco Distributors rose 6 percent to $3.47, but Elite Diagnostic and Honey Bun both fell 10 percent to $2.71 and $8.55, respectively and Caribbean Cream fell 4 percent to $5.70.
The public offer for Spur Tree Spices shares opens on Wednesday this week and should be heavily oversubscribed, with closure likely by the end of the week.
This week, the top three Main Market stocks are Guardian Holdings, followed by JMMB Group and Radio Jamaica, all projected to gain between 183 and 261 percent, up from 178 and 257 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 158 and 230 percent versus 167 and 240 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 149 percent last week to 151 percent and Main Market stocks moved from 155 percent to this weeks’ 154 percent.
The Junior Market closed the week with an average PE of 14.4 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 44 percent discount to that market’s average.
The Junior Market can gain 39 percent to March next year, based on an average PE of 20 and 18 percent based on an average PE of 17. Eleven stocks representing 26 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.1, some 18 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.1, representing a 51 percent discount to the market and well below the potential of 20. A total of 13 stocks or 28 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners; accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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: Access Financial, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Dolphin Cove, Emerging markets, General Accident, GraceKennedy, Jamaica Fibreglass Products, Jamaican Stock Exchange, Jamaican stocks, junior market, Lasco Distributors, Lasco Financial, Medical Disposables, PANJAM Investment, Radio Jamaica, Spur Tree Spices, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Bounce for Junior Market

December 24, 2021 by IC Insider.com

After Thursday heightened trading, market activity returned to more subdued levels on Friday, with the volume of stocks traded falling 76 percent after funds entering the market dropped 80 percent from Thursday, but the market index posted a decent gain to close out the week on a positive note at the close of the Jamaica Stock Exchange Junior Market.
Thirty five securities traded up from 34 on Thursday and ended with 14 rising, 16 declining and five left unchanged. At the close, the Junior Market Index popped 28.74 points to close at 3,397.48 and closed out the week ahead of the previous week’s close.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
At close, 3,820,783 shares traded for $10,981,907 compared to 15,603,426 units at $55,122,731 on Thursday. Lumber Depot led trading with 1.77 million shares for 46.3 percent of total volume, followed by iCreate with 539,300 units for 14.1 percent of the day’s trade and Jamaican Teas with 412,416 units for 10.8 percent market share.
Trading averaged 109,165 shares at $313,769 down from 458,924 shares at $1,621,257 on Thursday and month to date, an average of 396,903 units at $1,257,809, compared to 413,716 units at $1,312,969 on Thursday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Cargo Handlers climbed 25 cents to $7.25, trading 3,600 shares, Caribbean Cream shed 20 cents in ending at $5.70 and switching ownership of 3,556 units, Derrimon Trading dropped 6 cents to $2.21 in an exchange of 12,440 stock units. Dolphin Cove lost 19 cents to end at $13.80, trading 7,903 stocks, Elite Diagnostic declined 9 cents to $2.71 with 15,665 stock units changing hands, Express Catering climbed 26 cents to end at $5.70, with an exchange of 18,081 shares. Fontana rose 10 cents to $7.30 while exchanging 39,932 units, GWest Corporation fell 20 cents 80 cents with 10,000 stocks clearing the market, Honey Bun lost 68 cents in closing at $8.55 with the swapping of 2,053 shares. Knutsford Express popped 11 cents to $8.08, with 1,899 stock units changing hands, Lasco Distributors advanced 32 cents to $3.47 after exchanging 58,041 units, Lasco Financial popped 6 cents to close at $3.06 after 70,294 stocks were traded. Lasco Manufacturing rallied 9 cents $4.84 in exchanging 10,921 stock units, Limners and Bards slipped 5 cents to end at $3.65 after 353,510 shares crossed the market, Lumber Depot increased 7 cents to end at $3.03 after trading 1,770,926 stocks. Mailpac Group rallied 6 cents to $3.40, with 102,075 units changing hands, Medical Disposables declined 44 cents to close at $6.06 with an exchange of 5,892 units and Stationery and Office Supplies popped 35 cents to $6.39 after an exchange of 16,392 shares.