Lasco Financial Services

First time above 1,000 for juniors.

August 4, 2015 by IC Insider.com

The JSE junior market gained 25.57 points on Tuesday to close at over 1,000 points for the first time ever in another record breaker move. The index closed at 1002.75 points as profits and shortage of stocks being sold continue the impact price movements. Today’s gains bring the increase in index over 46 percent since the start of this year. Technical indicator shows resistance around the present level, if that is cleared decisively, which seems likely, then the junior market should be heading to 1,200 points before a major resistance develops.
In actual trading on Tuesday, 10 securities changed hands with 6 rising and 2 declining

Access Financial Q2 profit up 71%

resulting in 1,410,115 units valued at $4,781,231. At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained 50 cents to close at a new all-time high of $19 but with just 100 units, the company released results for the six months to June, with a 71 percent gain in the quarter, resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million compared with $145 million. Today’s price, places the valuation of the stock around 10 times earnings. AMG Packaging with 16,596 units changing hands, ended unchanged at $3.60, Blue Power traded 164,139 units with the

price rising 75 cents to $13, Caribbean Cream traded 48,500 shares at $2.10, after gaining 5 cents. Caribbean Producers dropped 46 cents, with 201,480 shares and closed at $2.59, Derrimon Trading had 10,000 shares changing hands, for a gain of 19 cents, to end at $2.25, Dolphin Cove jumped $3.35 to $12 while only 2,000 units traded. Honey Bun with 12,900 shares changing hands, closed 10 cents lower at $3, Lasco Distributors traded 14,500 shares to close at $1.80, Lasco Financial Services traded 935,900 units and gained 25 cents to close at $2.

Filed Under: Company News, Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Honey Bun, Lasco, Lasco Distributors, Lasco Financial Services

Juniors market at all-time high

July 31, 2015 by IC Insider.com

Access Financial gained big on Friday

The JSE junior market racked up 46.56 points to 942.39 points for a new record high beating the previous high reached of 934.69 on June 10th, this year. The index gained 95.83 point during the week or 11 percent. A total of 10 securities traded with 9 rising and no declining resulting in 891,710 units valued at $2,263,064. The strong movement was aided by Access Financial that jumped to $15.50 from $12.76, Caribbean Producers gaining 50 cents, General Accident and gains in the three Lasco Companies along with a few others.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to

$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Producers (CPJ), Daily Trading, General Accident, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

Juniors jump Wednesday

July 29, 2015 by IC Insider.com

Trading activity on the junior market ended on Wednesday with the market making strong gains as the Lasco companies benefitted from improved profits, leading to strong rise in the JSE Junior market Index of 27.15 points to close at 874.97.
The market ended with 7 securities trading with 1,525,437 units changing hands, valued at $2,532,757 and the prices of 3 stocks rising and 2 declining.
At the close, the junior market had 5 stocks having bids higher than their last selling prices, none with lower offers. 5 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Blue Power with only 100 units and declined 3 cents and ended at $12.96, Caribbean Cream had 25,390 shares trading but lost 3 cents to close at $2.10, Knutsford Express ended with only 100 shares trading at $6. Lasco Distributors traded 78,200 shares to close at $1.60, up 17 cents, Lasco Financial Services traded 35,665 units and gained 10 cents to end at $1.50, Lasco Manufacturing with 1,328,377 shares closed 10 cents higher at $1.50 and Paramount traded 57,575 shares at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

Moderate junior market trading

July 6, 2015 by IC Insider.com

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Activity closed with 9 securities trading Monday with the level of trading remaining low and ended with 206,321 units changing hands with a value of just $374,980. The JSE Junior Market Index rose 3.49 points close at 872.94. The market ended with the prices of 4 stocks rising and 2 declining.
At the close, the junior market was showing sentiments being down on Friday’s close with 4 stocks having bids higher than their last selling prices, 5 with lower offers, compared to 6 to 7 on Thursday and 4 securities closing with no bids to buy while 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers had just 610 units trading at $30, Caribbean Flavours traded 6,000 units for 2 cents more at $2.62, Consolidated Bakeries closed at $1.25 with 25,416 units at $1.25. General Accident lost 2 cents in closing at $1.70 with 50,000 shares trading, Honey Bun ended up 12 cents at $3 with 18,249 shares changing hands, Lasco Distributors traded 30,846 shares at $1.69 after adding 4 cents for the day. Lasco Financial Services traded only 10,905 shares and shed just 1 cent to end at $1.75 and Lasco Manufacturing had 60,195 shares changing hands 1 cent higher at $1.21 and Paramount Trading ended with 4,100 shares unchanged at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Caribbean Flavours, Consolidated Bakeries, General Accident, Honey Bun, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

Low-keyed activity for juniors

July 2, 2015 by IC Insider.com

Activity on the junior market closed with only 6 securities trading and ended with just 44,694 units changing hands, valued at a mere $104,551. The JSE Junior Market Index declined 4.89 points to close at 891.30. The market ended with the prices of 2 stocks advancing and none declining and with several prices appearing soft going into Friday’s trading.
At the close of the junior market was flashing weak signals on Thursday with 6 stocks having bids higher than their last selling prices, 7 with lower offers that were lower and 4 securities closing with no bids to buy while only 5 had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers ending with 590 units changing hands to close unchanged at $30, Caribbean Cream traded 2,950 units at $1.60 but the offer at the close is at $1.55 for 75,800 units. Caribbean Flavours traded 10,000 shares to close 7 cents higher at $2.60. Knutsford Express traded 1,094 shares at $6.10, Lasco Financial Services traded 18,700 shares and put on 4 cents to end at $1.84 and Lasco Manufacturing had 11360 shares changing hands, unchanged at $1.36.

Filed Under: JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Caribbean Flavours, Knutsford Express, Lasco, Lasco Financial Services, Lasco Manufacturing

Paramount Trading’s big trade

July 1, 2015 by IC Insider.com

Paramount Trading dominated the junior market with 10,549,936 shares changing hands at $6. Activity closed with 9 securities trading and ended with 11,106,761 units changing hands valued at $64,567,505. The JSE Junior Market Index declined 18.58 points close at 896.19. The market ended with the prices of 4 stocks advancing, 5 declining with 2 closing at 52 weeks’ high and 1 at a new low.
At the close of the junior market was flashing weak signals for Wednesday with 3 stocks having bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 28,700 shares gained 8 cents to close at $11.10, Blue Power ending with 8,901 units changing hands to close at $9.50, Caribbean Flavours trading 2,000 shares to close at $2.53 after losing 2 cents. Caribbean Producers traded 2,000 shares at $2.80, Dolphin Cove trading only 1,250 units at $12 for a loss of $1, at the close Lasco Distributors sold 304,274 shares and gained cents 1 cents at $1.70. Lasco Financial Services traded 69,700 shares and lost 13 cents to end at $1.80, Lasco Manufacturing had 140,000 shares changing hands at $1.36 and lost 9 cents at the end.
Caribbean Cream did not trade but remained under pressure closing with 75,800 units on offer at $1.55, 5 cents below the last traded price with the bid at $1.25, to buy 126,643 units, while offers are at $160, $1.70 up to $2.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Flavours, Caribbean Producers (CPJ), Daily Trading, Dolphin Cove, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

JSE main indices move up

July 1, 2015 by IC Insider.com

After 60 minutes of trading on the Jamaica Stock Exchange, 18 securities traded with 3 rising and 5 declining comprising a total volume of only 370,060 shares changing hands, only 7 stocks have so far traded in the junior market with both declining.
The all Jamaican Composite index inched up 400.20 to 108,062.14 points, JSE Combined Index put on 154.06 to 100,152.63 points, JSE Index is now at 97,629.20 points after adding 358.05 points and Junior Market Index fell to 894.54, down by 20.23 points.
The most noticeable trades so far are, Lasco Distributors 27,966 shares at $1.69, Lasco Financial Services 38,764 units at $1.81, Lasco Manufacturing with 110,000 shares at $1.45 and Supreme Ventures traded at $3.90 to add 50 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Supreme Ventures

Cargo Handlers keep on sailing away

June 30, 2015 by IC Insider.com

Activity on the Junior Market was moderate and closed with 11 securities trading and ended with only 347,331 units changing hands valued at $1,016,457. The JSE Junior Market Index advanced 15.05 points close at 914.77. The market ended with the prices of 4 stocks advancing, 5 declining with Cargo Handlers closing at 52 weeks’ high.
At the close of the junior market was flashing weak signals for Wednesday with 4 stocks having bids higher than their last selling prices, 5 with lower offers and 5 securities closing with no bids to buy while only 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services closing with 5,951 shares trading 2 cents up at $11.02, AMG Packaging ending with just 200 units changing hands to close 1 cent lower at $3.19 but had an offer at $3.15 at the end to sell 27,775 shares. Cargo Handlers recorded yet another all-time high in trading 9,342 units $1.50 higher to close at $30, Caribbean Cream traded 1,000 units at $1.60, Caribbean Flavours trading 16,581 shares to close at $2.53 after losing 2 cents, Caribbean Producers traded 5,000 shares and lost 20 cents to $2.80, Dolphin Cove trading only 811 units at $13 for a new high, after gaining 40 cents. At the close Knutsford Express sold 920 shares at $6.10. Lasco Financial Services traded 218,100 shares and gained 12 cents to end at $1.93, Lasco Manufacturing had 26,937 shares changing hands at $1.45 to again 14 cents at the end, Medical Disposables ended at $2.25 with 10,000 shares changing hands with a loss of 5 cents and Derrimon Trading 11.75% preference share closed with a 10 cents loss at $2.40.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Cargo Handlers, Caribbean Flavours, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, Knutsford Express, Lasco, Lasco Financial Services, Lasco Manufacturing, Medical Disposables

3 new highs for junior market

June 22, 2015 by IC Insider.com

Knutsford Express closed at a new all time high of $6.10 on Monday.

Stocks continue to trade higher on the Junior Market with 9 securities trading, and ended with 1,094,072 units changing hands valued at $2,303,628. The JSE Junior Market Index gained 7.84 points to close at 926.10, with the price of 6 stocks advancing, 1 declining with 3 closing at 52 weeks’ high.
At the close of the market, there were 4 stocks with bids higher than their last selling prices, 2 with lower offers and 5 securities closing with no bids to buy and 6 that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power closing with 659 shares trading at $10.51, after being as high as $11.60 for a new 52 weeks’ high. Caribbean Cream finishing with 60,000 units to close with a gain of 10 cents at $1.70, Caribbean Flavours trading 200,000 shares and ended 25 cents higher at $2.55,

Dolphin Cove finishing trading with only 400 shares to gain 50 cents to end at a new 52 weeks’ high of $12.50. Knutsford Express closing with 829 shares changing hands, 5 cents higher at $6.10 for a new 52 weeks’ high, Lasco Financial Services finishing trading with 662,171 units. The price slipped 15 cents to $1.80 after trading as high as $2, Lasco Manufacturing had 38,773 shares changing hands at $1.40, Medical Disposables contributed 11,240 shares with the price rising 5 cents, to $2.30 and Derrimon Trading 11.75% preference ended trading with 120,000 units at $2.50.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolphin Cove, Jamaican Stock, Knutsford Express, Lasco, Lasco Financial Services, Lasco Manufacturing, Medical Disposables

Trading picked up on junior market

June 19, 2015 by IC Insider.com

Jamaican Teas is one of 3 stocks closing at 52 weeks’ high on Friday.

Trading on the junior market ended with 13 securities trading, and with 973,318 units changing hands valued at $2,695,211. The JSE junior market index gained 5.30 points to close at 918.26, with the price of 8 stocks advancing, 4 declining with 3 closing at 52 weeks’ high.
At the close of the market, there were 2 stocks with bids higher than their last selling prices, 2 with lower offers and 5 securities closing with no bids to buy and 6 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial lost 35 cents to close at $15.50 while trading 100 shares, AMG Packaging ending with 1,233 shares changing hands to close unchanged at $3.16, Caribbean Flavours closed with16,581 shares trading at $2.30, while gaining 21 cents. Caribbean Producers with 76,978 shares trading, ended lower by 12 cents to $2.88, Consolidated Bakeries finishing trading with 33,200 shares, the price inched up 1 cent to a 52 weeks’ high of $1.18 at the end.

Dolphin Cove closed trading with 11,167 shares at a new high of $12 after gaining 50 cents, General Accident Insurance concluded trading with 10,590 shares changing hands to close 11 cents higher at $1.67. Jamaican Teas closed trading with 47,930 shares and gained 48 cents for a 52 weeks’ high of $4. Lasco Distributors traded 18,564 shares, 3 cents lower at $1.65, Lasco Financial Services in trading with 432,000 units, gained 5 cents to end at $1.95, Lasco Manufacturing in trading 14,349 shares, ended 8 cents higher at $1.40, but closed with an offer to sell at $1.37 and Paramount Trading ended with 123,959 shares changing hands with an increase of 11 cents to $5.11.