Another record close for juniors – Monday

Honey Bun closed at a 52 weeks' high of $5.10

Honey Bun closed at a 52 weeks’ high of $5.10

The junior market enjoyed wide spread trading as 13 securities were active and the market index rose 22.82 points to end at a new all-time closing of 1,347.77. A total of 1,520,187 units, valued at $5,119,713 changed hands as 7 stocks advanced and 5 declined.
The market ended with 3 stocks closing at new 52 weeks’ high and one at an intraday high, while 3 securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, AMG Packaging closed at $4.85 after trading at $5 with 83,316 units changing hands. The company reported big increase in profits after trading closed on Friday with earnings for the full year to August being 78 cents per share, up from 45 cents in 2014, Caribbean Cream with 188,800 shares changing hands ended at $3.40 but traded at an intraday high of $3.60. Caribbean Flavours gained 36 cents while trading 11,806 units to end at $4.40, Caribbean Producers traded 33,704 units for a loss of 11 cents to end at $2.90. Consolidated Bakeries traded 71,000 shares, to end at $1.90 with a loss of 10 cents, Dolphin Cove fell 1 cent to end at $12.99, with only 850 units changing hands. JM - Trade Sheet-11-15.General Accident ended with 31,129 shares changing hands, in closing at $2, after rising 30 cents, Honey Bun traded 1,070 shares at $5.10, for a new 52 weeks’ high, with a gain of 10 cents. Jamaican Teas had 75,615 shares trading to close at $3.90 after rising 48 cents, Lasco Distributors with 153,661 shares changing hands and closed with a gain of 10 cents at $3.20. Lasco Financial closed with a 10 cents decline at $2.30 after trading earlier at $2.50, after 105,409 shares changed hands. Lasco Manufacturing traded 250,635 shares to end with a decline of 3 cents to $3.40 and Medical Disposables ended with 514,192 units changing hands to end with a gain of 50 cents to a new all-time high of $3.50.

Junior at new record close on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks' high on Friday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks’ high on Friday

The junior market enjoyed wide spread trading as 14 securities were active and the market index rose 13.41 points to end at a new all-time closing of 1,324.96. A total of 4,209,966 units, valued at $13,863,050 changed hands, as 5 stocks advanced and 5 declined.
The market ended with 2 stocks closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed at $4.80 with 11,653 units changing hands, the company reported big increase in profits after trading closed, with earnings for the full year to August of 78 cents per share, up from 45 cents in 2014. Blue Power had 12,850 shares changing hands at $13, Caribbean Cream with 733,032 shares changing hands ended at $3.40, Caribbean Flavours gained 6 cents while trading 68,950 units at $4.06, Caribbean Producers traded 51,000 units for a loss of 9 cents to end at $3.01. Consolidated Bakeries traded 417,000 shares, to end at $2 with a gain of 10 cents, for a 52 weeks’ high. Derrimon Trading had 71,260 units trading at $2.80 at the close with a loss of 20 cents, Dolphin Cove recovered from the big loss on Wednesday, to end at $13, with a gain of $1.40 on Friday, as 130,300 units changed hands.JM - Trade sht 30-10-15
General Accident ended with 65,155 shares changing hands at $1.70 after falling 20 cents, Knutsford Express traded 778 shares at $6.50. Lasco Distributors with 924,890 shares changing hands and closed with a loss of 30 cents to $3.10. Lasco Financial closed with a 15 cents decline at $2.40 after trading earlier at $2.60. A total of 597,056 shares changed hands, Lasco Manufacturing traded 804,759 shares to end with an increase of 3 cents to $3.43, Medical Disposables ended with 331,133 units changing hands to end with a gain of 50 cents to a new all-time high of $3 and Derrimon Trading 11.75% preference share had just 3,000 units changing hands at $2.20.

C&W falls to $1.17 in morning session

Cable and Wireless fell to $1.17 in early trading on Friday with 1,026,780 units between $1.17 and $1.40 to record the last traded at $1.17. The stocks now has bid of $1.02 to buy 1,195,115 shares on the offer is 25,300 units at $1.16. The next closest offer is at $1.38 with 913,000 shares.
Trading resulted in 28 securities changing hands with a volume of 4,089,472 units as 8 stocks gained and 12 declined and a number of new all-time highs were reached with the Jamaica Stock Exchange, Medical Disposables, Sagicor Real Estate Fund and all hitting new highs and Mayberry Investment at a new 52 weeks’ high. The other main trades JSE int 30-10-15rvCaribbean Cream with 556,000 shares changing hands at $3.40, Lasco Distributors with 329,102 shares changing hands at $3.25, Medical Disposables saw a jump in price to $3 with 331,133 shares changing hands and Proven Investments with 445,000 units at 23.9 US cents. At a minute after 11am Barita Investments crossed 3 million units of Sagicor Group at $14.75.
The Jamaica stock market after 90 minutes of trading, recorded mixed results in the indices. The All Jamaican Composite index jumped slipped 71.14 points to 144,908.18 JSE Market Index fell 63.66 points to 130,599.13 the JSE combined index rose 73.57 points to be at 135,150.31 and the junior market index rose 14.97 points to its highest level of 1,326.51.

11 junior stocks rose 2 down

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Dolphin Cove share recover some of Wednesday's losses.

Dolphin Cove share recover some of Wednesday’s losses.

The junior market enjoyed wide spread trading as 16 securities were active but the market index rose 23.19 points to close at 1,311.54. A total of 1,859,693 units, valued at $6,149,063 changed hands as 11 stocks advanced and 2 declined.
The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging lost 9 cents to close at $4.80 with 51,861 units changing hands, Blue Power had 12,850 shares changing hands at $13, Cargo Handlers closed at a new 52 weeks’ high of 33 with 9,000 shares while adding $1. Caribbean Cream rose 20 cents and closed at $3.40 with 304,730 shares changing hands. Caribbean Producers traded 18,000 units for a gain of 2 cents to end at $3.10, Consolidated Bakeries traded 256,212 shares to end at $1.90 with a gain of 25 cents, for a 52 weeks’ high, Dolphin Cove recovered from the big loss on Wednesday, to gain $1.60, with 51,015 units changing hands, to end at $11.60. JM - Trade sht 29-10-15General Accident ended with 30,000 shares changing hands at $1.90, Honey Bun traded 19,052 shares at $5 to gain 82 cents, Jamaican Teas had 22,043 shares trading for 2 cents more at $3,42, KLE Group traded down 1 cent at 44 cents with 29,000 units, Knutsford traded 222 shares and gained 30 cents to a new all-time high of $6.50. Lasco Distributors with 486,615 shares changing hands, closed with a gain of 35 cents for a closing 52 weeks’ high of $3.41, after the price hit $3.45, during trading. Lasco Financial closed with a 15 cents gain to $2.60 after trading earlier at $2.67, a total of 307,061 shares changed hands, Lasco Manufacturing traded 162,035 shares to end with an increase of 15 cents to $3.40 and Medical Disposables ended with 99,997 units changing hands to end at $2.50.

Lasco Distributors blow out profits

Lasco Distributors with responsibility to distribute "I Cool" drink.

Lasco Distributors with responsibility to distribute “I Cool” drink.

Lasco Distributors reported an 87 percent increase in profit after tax for the six months to September, of $379 million over 2014 and a 121 percent increase in the September quarter of $247 million over the similar quarter last year.
The Gross profit for the period was S1.1 billion, an increase of $299 million or 36 percent over the prior year. The Gross Profit margin for the quarter was $628 million, or 32 percent over the same period last year. Gross profit margin for the august 2015 quarter is 17.26 percent versus 17.5 percent in 2014 and year to date 16.2 percent in 2015 and 16.28 percent in 2014.
The huge gain came from increased revenues of 34 percent for the quarter, amounting to $6.95 billion and 36 percent for the six months of $3.64 billion.
“This growth was driven mainly by contributions from our iCool and Unilever lines of business, both of which have been doing very well”, Peter Chin, Managing Director reported to shareholders in the directors’ report accompanying the financial data.
An interesting element of the results is the 10 percent growth in revenue over the June quarter a continuation of the quarter over quarter growth evident from late in 2014 with an average of 8 percent for the last three quarters.
Earnings per stock for the six months amount to 11 cents and 7 cents for the quarter. IC Insider projects profit of 34 cents for the current year and 50 cents for the year to March 2017.
Cost were held well below the growth in revenues with Operating Expenses in the latest quarter rising to $396 million from $377 in 2014 and for the six months this year the company incurred $779 million versus $658 million in 2014 for a rise of 18 percent.
Cash flow from operations increased by 94 percent to $391 million from $202 million for the similar period to September 2014 swelling Cash and Equivalents at the end of the Period to $904,043 compared with $191,277.
The company’s shares are listed on the junior market of the Jamaica Stock Exchange. Its principal activity is the distribution of pharmaceutical and consumable items, ii distributes all of Lasco Manufacturing’s products locally.
The stock may be considered fully priced currently with a PE of 10 being one of the higher priced junior market stocks, but with strong growth expected and lower interest rates to come, investors with a long term time horizon may want to accumulate from now, bearing in mind the limited supply available.

Access sheds 22% in 2 days

Access fell 22% in 2 days to $10.50

Access fell 22% in 2 days to $10.50

Access Financial shed 22 percent in value in just two days as one investor speedily offloaded 228,000 shares between today and Tuesday. The junior market enjoyed wide spread trading as 13 securities were active but the market index fell 8.06 points to close at 1,288.35.
A total of 3,241,986 units, valued at $12,588,381 changed hands as 3 stocks advanced and 8 declined. The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 6 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed with a loss of $2 to $10.50 with 170,271 units changing hands, AMG Packaging lost 1 cent to close at $4.99 with 200 units changing hands, Caribbean Cream fell 15 cents and closed at $3.20 with 19,195 shares changing hands. Caribbean Flavours closed at $4 with 145,904 shares changing hands, Caribbean Producers traded 557,978 units for a loss of 2 cents to end at $3.08, Consolidated Bakeries traded 17,444 shares to end at $1.65, Derrimon Trading ended with 1,400 shares changing hands at a 52 weeks’ high of $3. Dolphin Cove lost $1.20 with 295,515 units changing hands to end at $10, after trading, the company reported a 4 percent increase in profit after tax for the nine months to September, of $412 million over the outturn for the 2014 and a 17 percent increase in the September quarter, to $128 million. JM - Trade sht 28-10-15 General Accident ended with 400,882 shares changing hands and fell 15 cents to $1.90, Lasco Distributors with 442,302 shares changing hands, closed 5 cents higher at $3.06 after hitting $3.40 during trading. Lasco Financial lost ground with results that were flat, but with promise of improvement later, fell 18 cents to $2.45, after trading earlier at $2.65, with 841,230 shares changing hands, Lasco Manufacturing traded 270,065 shares to end at $3.25 while gaining 14 cents and Medical Disposables ended with 80,000 units changing hands for 5 cents lower to end at $2.50.

Junior market slips below 1,300 on Tuesday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks' high on Tuesday

Consolidated Bakeries with their Purity brand closed at a new 52 weeks’ high on Tuesday

The junior market enjoyed wide spread trading as 13 securities changed hands leading to the market index falling 19.83 points to close at 1,296.41. A total of 3,546,444 units, valued at $11,640,858 changed hands as 7 stocks advanced and 5 declined.
The market ended with 4 stocks closing at 52 weeks’ high and one traded at an intraday high. At the close 3 securities ended with no bids to buy, while 5 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed with a loss of 36 cents to $12.50 with 57,729 units changing hands, AMG Packaging closed with a gain of 63 cents at $5 with 43,796 units changing hands for a 52 weeks’ high, Caribbean Cream rebounded with a 15 cents rise and closed at $3.35 with 1,170,036 shares changing hands. Caribbean Flavours fell 8 cents to $4 with 300,685 shares changing hands, Caribbean Producers traded 346,000 units for a gain of 14 cents end at $3.10, Consolidated Bakeries traded 20,556 shares with a gain of 15 cents to end at $1.65, to close at a new 52 weeks’ high.JM indx 27-10-15 Dolphin Cove had 4,585 units changing hands to end at $11.20 having lost $1.80, KLE Group ended with 39,000 shares changing hands and gained 2 cents to end at 45 cents. Lasco Distributors with 532,514 shares changing hands, closed 5 cents lower at $3.01 after hitting an intraday for a 52 weeks high of $3.40, Lasco Financial gained 23 cents and closed at $2.63 to close at a 52 weeks high while 740,049 shares changed hands. Lasco Manufacturing traded 283,090 shares to end at $3.11 while shedding 34 cents, Paramount Trading ended with 4,504 units changing hands for 10 cents higher to end at $7.10 and Derrimon Trading preference share ended with 1,400 shares changing hands to end at $2.20

10 junior stocks rose on Monday

JSE sign shrt The junior market enjoyed wide spread trading as 15 securities trading and the market index gaining 5.92 points to close at 1,316.57 for another record close. A total of 2,615.192 units, valued at $12,840,259 changed hands as 10 stocks advanced and 3 declined.
The market ended with 4 stocks closing at 52 weeks’ high. 4 securities ended with no bids to buy, while 8 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed with a gain of 16 cents to $12.86 with 6,672 units changing hands, Caribbean Cream rebounded with a 10 cents fall and closed at $3.20 with 6,500 shares changing hands. Caribbean Flavours rose 13 cents to $4.08 with 100,000 shares changing hands to close at a new 52 weeks’ high. Caribbean Producers traded 155,000 units for a gain of 46 cents end at $2.96, Consolidated Bakeries traded 117,800 shares with a gain of 20 cents to end at $1.50, Derrimon Trading had 108,498 units changing hands to end at $2.70 having gained 30 cents for a new 52 weeks’ high. General Accident ended with 24,208 shares changing hands and lost 15 cents and ended at $2.05, it-jumps-129-at-honey-bun/”>Honey Bun traded only 235 shares and gained 10 cents to land at $4.18, JM indx 26-10-15 Jamaican Teas had 337,560 units changing hands for 4 cents lower to end at $3.40. Lasco Distributors with 928,359 shares changing hands, closed 11 cents higher at $3.06 for a 52 weeks high, the stock traded as high as $3.30. Lasco Financial gained 4 cents and closed at $2.49 to close at a 52 weeks high while 181,367 shares changed hands. Lasco Manufacturing traded 550,293 shares to end at $3.45 while gaining 15 cents, Derrimon Trading preference share ended with 45,200 shares changing hands to end at $2.20 and Jamaican Teas debenture had 50,000 units changing hands for 4 cents lower to end at $100.

C&W at $1.02 in morning session

Cable and Wireless traded at 97 cents up 18 percent from Friday’s close of 82 cents with 29.092 shares trading leading to a 1 hour halt in trading. On resumption of trading the stock had the bid up to $1.02. The stock is on offer at $1.20 to sell 20,000 units. Subsequent to 10.45am, Cable & Wireless traded at $1.02.
JSE int 26-10-15The Jamaica stock market after 75 minutes of trading, recorded another morning of increases in the indices. Trading resulted in 15 securities changing hands with a volume of 1,243,459 units as 8 stocks gained and 3 declined.
The All Jamaican Composite index jumped 880.02 points to 138,390.30 JSE Market Index rose 787.45 points to 124,766.87 the JSE combined index rose 839.35 points to be at 129,598.03 and the junior market index rose 10.74 points to 1,321.39.
Jamaican Teas traded 118,989 shares at $3.45, Lasco Distributors had 608,300 shares changing hands at $3, Lasco Manufacturing 183,474 shares between $3.25 and $3.50.

Junior market brakes 1,300 Mark

AMG Packaging closed at a new 52 weeks' high on Friday

AMG Packaging closed at a new 52 weeks’ high on Friday

The junior market closed over the 1,300 mark for the first time on Friday, gaining 91 percent so far for 2015 and is heading even higher as several junior market stocks are undervalued. Trading resulted in 14 securities traded as the market index rose by 17.52 points to 1,310.65 for a new closing high. A total of 1,446,535 units, valued at $6,684,912 changed hands as 10 stocks advanced and 1 declined.
The market ended with 4 stocks closing at 52 weeks’ high. 4 securities ended with no bids to buy, while 7 had no stocks being offered for sale. A total of 8 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed with a gain of 57 cents at a 52 weeks’ high of $4.37 with 13,830 units changing hands, Caribbean Cream rebounded with a 20 cents gain and closed at $3.30 with 97,766 shares changing hands. Caribbean Flavours rose 18 cents to $3.98 with 270,000 shares changing hands to close at a new 52 weeks’ high. Caribbean Producers traded 31,000 units with a loss of 49 cents end at $2.50, Derrimon Trading had 32,804 units changing hands to end at $2.40 having gained 10 cents, Dolphin Cove rose 10 cents in trading 220,000 shares, to end at $13. General Accident ended with 80,000 shares changing hands, gained 30 cents and ended at a 52 weeks’ high of $2.20,JM - Trade sht 23-10-15 Jamaican Teas had 30,000 units changing hands for 9 cents higher to end at $3.44. Lasco Distributors with 22,240 shares changing hands, closed 8 cents higher at $2.95, Lasco Financial gained 4 cents and closed at $2.45 while 427,767 shares changed hands. Lasco Manufacturing traded 192,350 shares to end at $3.30, Medical Disposables closed at $2.55 with 883 shares trading, Paramount Trading ended with 15,000 shares changing hands with a rise of 50 cents to end at $7 for a 52 weeks’ high and Eppley 9.5% preference share, closed at $6 with 12,095 units trading.