Lasco Financial Services

Lasco Financial at new high

May 28, 2015 by IC Insider.com

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Lasco Financial Services traded at a new all- time high of $1.68 during the trading session on Thursday. Fairly heavy trading in the stock within minutes of the close, saw 1,483,076 units changing hands and the price slipping to $1.57 for a new closing high, two days after Mayberry bough 20 percent of the company and after the company reported profits of $190 million or 15.5 cents per share for the year to March. Mayberry bought additional shares for their own account by way of crosses towards the end of trading, leaving no stock on offer at the close.
Trading ended on the Junior Market with 9 securities changing hands, and ended with a total of 1,913,100 units valued at $2,968,161. The JSE Junior Market Index gained 1.68 points to close at 870.40, with the price of 3 stocks advancing and 3 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
The other stocks trading in the junior market are, Caribbean Cream with 200,000 shares changing hands to close unchanged at $1.10,

Caribbean Flavours & Fragrances finished trading with 3,000 shares to close unchanged at $2, Caribbean Producers with 1,000 shares trading, ended lower by 9 cents at $2.90, General Accident Insurance traded just 100 units at $2.02 and lost 2 cents. Jamaican Teas traded with 25,000 shares changing hands to close 10 cents higher at $3.50, with results released for the company, the supply that was overhanging the market has disappear with only offers between $4 and $5.50 for a total of 50,000 shares in the market. Lasco Distributors traded 44,266 shares, unchanged at $1.60, Lasco Manufacturing traded 148,658 shares as the stock traded lower by 2 cent to $1.25 and Medical Disposables had 8,000 units changing hands at $1.95.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Caribbean Flavours & Fragrances, Caribbean Producers (CPJ), Daily Trading, General Accident, Jamaican Stock, Jamaican Teas, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables & Supplies

Lasco Financial at new high

May 27, 2015 by IC Insider.com

Lasco Financial closed at a new 52 weeks’ high of $1.50, the day after Mayberry bough their holdings in the company to 20 percent. At the close, Lasco Financial had no stocks on offer while there were 20,000 units on the bid at $1.25. The Junior Market ended with 11 securities trading resulting in 1,986,233 units changing hands valued at $2,961,054. The JSE Junior Market Index gained 12.29 points to close at 868.72, with the price of 4 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading just 749 shares to close with the price unchanged at $17. AMG Packaging ending with 1,200 shares changing hands, 6 cents lower, at $3.19, Blue Power closed with 14,796 shares trading at $9.50, Caribbean Cream finished with 380,000 units to close with a gain of 2 cents at $1.10. Caribbean Producers with 1,000 shares trading closed lower by 1 cent at $2.99. Dolphin Cove finished trading with 6,434 units as the price remained unchanged at $10, General Accident Insurance concluded trading with 24,934 shares changing hands, 6 cents lower at $2.04, KLE Group traded at a new low of 75 cents while dropping 24 cents, with 100,000 units trading. Lasco Distributors traded 300,268 units at $1.60 to gain 5 cents, Lasco Financial Services traded 1,119,279 shares at a new 52 weeks’ high of $1.50, to gain 20 cents and Lasco Manufacturing traded 37,573 units with a gain of 2 cents to $1.27.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Caribbean Producers (CPJ), Dolphin Cove, General Accident, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Mayberry

Mayberry takes 20% of Lasco Financial

May 26, 2015 by IC Insider.com

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending

with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Producers, General Accident Insurance, Honey Bun, Knutsford Express, Lascelles Chin, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

More junior stocks up Friday

May 22, 2015 by IC Insider.com

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Consolidated Bakeries closed at a new 52 weeks’ high on Friday

Trading on the Junior Market defied the negative indication that the bid offer ratio showed at the close of trading on Thursday as 10 securities trading and ended with 673,874 units changing hands valued at $2,280,199. The JSE Junior Market Index advanced 14.93 points to close at 878.07, close to mid-day the junior market index had gained 20.52 points. with the price of 4 stocks advancing and 3 declining. Consolidated Bakeries closed at a 52 weeks’ high in response to a 203 percent increase in profit in the March quarter from a 14.3 percent increase in sales.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 4 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 38,164 shares

changing hands to close higher by 10 cents at $17.10, Cargo Handlers finished with 36,944 units to close at $22.28, Caribbean Cream had just 800 shares trading, lost 1 cent to end at $1.19, Caribbean Flavours ended trading in 8,000 shares with the price falling 10 cents to $2, Consolidated Bakeries closed with a 15 cents increase as 307,613 units traded to land at $1.15. General Accident Insurance concluded trading with 79,105 shares changing hands 7 cents higher at $2.17, Knutsford Express traded just 100 shares at $6, Lasco Distributors traded 5,500 shares, 5 cents higher, at $1.70. Lasco Financial Services finished trading with 184,648 units, the price slipped 1 cent to $1.30 and there was dealing in 13,000 Lasco Manufacturing’s shares to close at $1.30.

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, Cargo Handlers, Caribbean Flavours, Consolidated Bakeries, General Accident Insurance, Knutsford Express, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

Junior market set to slip more

May 21, 2015 by IC Insider.com

Caribbean Cream was the only stock to rise on Thursday

Trading on the Junior Market closed with only 7 securities trading, and ended with a mere 565,971 units changing hands valued at $949,659. The JSE Junior Market Index declined 12.70 points to close at 863.14, with the price of only 1 stock advancing and 3 declining with no stock closing at 52 weeks’ high.
The market seems set to fall on Friday with several stocks closing with lower asking prices than the last selling prices. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 7 with lower offers. The junior market ended with 3 securities closing with no bids to buy 6 securities that had no stocks being offered for sale.

Stocks trading in the junior market are, Caribbean Cream finishing with 8,500 units to close with a gain of 1 cent at $1.20 but ended with the offer at $1.15, to sell 130,000 units. Caribbean Producers with 93891 shares trading, closed lower by 15 cents at $3, Consolidated Bakeries finished trading with 3,334 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 2,000 shares changing hands to close 7 cents lower at $2. Lasco Distributors traded 219,108 shares at $1.65, Lasco Financial Services finished trading with 181,412 units at $1.31. There was dealing in 57,726 Lasco Manufacturing’s shares as the stock traded lower by 7 cent to $1.30.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Producers, Consolidated Bakeries, General Accident Insurance, junior market, Kremi, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Purity

9 stocks rose on junior martket

May 20, 2015 by IC Insider.com

A fall in the price of dolphin cove helped pull the junior market index south

Trading closed on the Junior Market with 13 securities trading and ended with 237,584 units changing hands valued at $516,478. The JSE Junior Market Index declined 7.38 points to close at 875.84, with the price of 9 stocks advancing and 3 declining and just one closing at 52 weeks’ high. At the end a number of the stocks closed with offers that were lower than the last sale price.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 8 with lower offers. The junior market ended with only 2 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 3,540 shares changing hands, to close lower by 2 cents at $17, Caribbean Cream closed with 100 shares trading at $1.19 to gain 14 cents, but ended with an offer of 120,000 shares at $1.10. Caribbean Flavours finished trading with 15,774 units to close with a gain of 24 cents at $2.10, Caribbean Producers with 28,511 shares trading, ended higher by 15 cents to a 52 weeks’ high of $3.15, but had an offer of 18,000 units at $3.

Consolidated Bakeries traded unchanged at $1, with just 1,045 shares, Derrimon Trading finished with 38,000 shares changing hands and gained 15 cents to $2.15, Dolphin Cove had just 1,398 units changing hands at $10 while losing 75 cents, General Accident Insurance concluded trading with 6,507 shares changing hands, to close 17 cents higher at $2.17. Lasco Distributors traded 21,609 shares, 10 cent higher, at $1.65, Lasco Financial Services finished trading with 60,200 units, the price rose just 1 cent, to $1.31. There was dealing in 22,900 shares of Lasco Manufacturing as the stock traded lower by 3 cents to $1.37, Medical Disposables contributed 34,000 shares with the price rising 10 cents, to $1.90 and Paramount Trading ended trading with 4,000 shares to end with an increase of 4 cents at $3.76.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Flavours, Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, General Accident, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables & Supplies, Paramount Trading

Junior market slips

May 19, 2015 by IC Insider.com

Derrimon is 1 of just 2 stocks gaining in the junior market on Tuesday

The Junior market slipped on Tuesday and it appears the May bug is hitting as some investors take profit and go away, but the reading of this market suggest that the rally may not be over so soon. Trading was fairly broad based on the Junior market with 12 securities trading, ending with 1,821,705 units changing hands valued at $5,472,000. The JSE Junior Market Index declined 13.58 points to close at 883.22, with the price of just 2 stocks advancing and 7 declining with Cargo Handlers closing at 52 weeks’ high.
At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 2 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale.
Access Financial traded 22,300 shares at $17.02 after falling 98 cents, Blue Power closed with 18,000 shares trading at $9.80, Cargo Handlers finished with 83,555 units to close with a gain of 20 cents to a new all-time high of $22.28, Caribbean Cream with 113,591 shares closed at $1.05 after losing 15 cents, Caribbean Producers with 233,489 shares closed at $3 to shed 7 cents, Dolphin Cove had just 300 shares trading to close at $10.75, for a fall of 27 cents, Derrimon Trading Company closed with 12,000 units trading at $2.08, up 4 cents as the company reported improved results for the march quarter with Net profit of $20.5 million compared with profit of $11.2 million in 2014.

General Accident Insurance traded 212,352 units to close at $2 after shedding 18 cents in response to poor first quarter results. Knutsford Express had only 1,000 shares changing hands at $6, Lasco Distributors ended with 1,024,375 shares trading at $1.55, for a 10 cents loss, Lasco Financial traded just 93,857 units at $1.30 with a loss of 1 cent and Lasco Manufacturing traded 6,886 units unchanged at $1.40.

Filed Under: JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Caribbean Producers (CPJ), Daily Trading, Derrimon Trading, Dolphin Cove, General Accident, JSE Company, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

Access now 1,000% of IPO price

May 18, 2015 by IC Insider.com

General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

The Junior market closed at a new record to start off the week with 13 securities trading, with the price of stocks advancing and declining and closing at 52 weeks’ high. the most for some time, and ended with 1,683,746 units changing hands valued at $22,509,881 with Access Financial accounting for the bulk of the trade with Mayberry Investments selling 1,257,938 at a new high of $18, valued $21,452,426.
In closing at $18, Access is back at the IPO price before a ten for 1 spilt putting at the equivalent of $180 had the split not take place no other stock has performed so well on the Jamaica stock market in recent time. The stock was issued at $18 per share, making those who held on to see a 900 percent gain on their investment, plus dividends to add to the gains and the company is yet to stop growing.
The JSE Junior Market Index gained 4.60 points to close at a new all-time high of 896.80 and with 3 stocks closing at 52 weeks’ high. At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Other stocks trading in the junior market are, AMG Packaging ending with 27,885 shares changing hands ,to close at $3.25, Blue Power Group closed with 979 shares trading at $9.80, Caribbean Cream finished with 100,000 units to close at $1.20, Caribbean Producers with 32,000 shares trading, closed lower by 3 cents at $3.07. Consolidated Bakeries had 2,429 shares changing hands at $1, Dolphin Cove traded 3,525 shares with the price rising 27 cents, to a 52 weeks’ high of $11.02. <a href="http://icinsider.com/profit-up-at-general-accident-but-just/" title="Profit up at

General Accident but just”>General Accident Insurance concluded trading with 25,400 shares changing hands to close 10 cents higher at a 52 weeks’ high of $2.18, Honey Bun ended trading with 4,586 shares to end with a rise of 1 cent at $2.51. Jamaican Teas traded 194,500 at $3, Lasco Distributors traded 1,100 shares unchanged at $1.65, Lasco Financial Services finished trading with 15,000 units, the price remained at $1.31 and there was dealing in 18,304 Lasco Manufacturing’s shares as the stock traded lower by 5 cents at $1.40.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power Group, Caribbean Producers (CPJ), Consolidated Bakeries, Daily Trading, Dolphin Cove, General Accident, General Accident Insurance, Honey Bun, Jamaican Stock, Jamaican Teas, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing

Another new high for juniors – Friday

May 15, 2015 by IC Insider.com

The junior market has taken out resistance at 840 points and is heading for the next at 1,000

The Junior Market surged to a new high with the JSE Junior Market Index jumping 25.80 points to close at 892.20, leaving the previous resistance level of 840 points and is now poised to be heading to the next resistance around 1,000 points with the market having broken out of the range it’s been in since late 2011.
In market activity a total of 7 securities traded, ending with 2,307,958 units changing hands valued at $5,347,133. The prices of 5 stocks advanced including 2 securities closing at 52 weeks’ high and 1 stock declined. At the close of indications are that the market should climb on Monday as there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are,

Caribbean Cream jumped 15 cents or 14.29 percent to close at a new 52 weeks’ high $1.20 with 232,000 units changing hands, Caribbean Producers with 1,141,831 shares trading 22 cents higher at $3.10 after trading at $2.88, Dolphin Cove ending with just 100 shares changing hands to close higher by 55 cents at $10.75, for a new 52 weeks’ high but the bid to buy the stock is well down at $9.20 with offer at $11. General Accident Insurance concluded with 368,166 shares changing hands, closed unchanged at $2.08 but ended with a bid for 2,432 units at $2.18. Lasco Distributors traded 92,301 shares trading, 15 cent higher, at $1.65, Lasco Financial Services finished trading with 386,539 units changing hands as the price slipped 4 cent, to $1.31. There was dealing in 87,021 Lasco Manufacturing’s shares as the stock traded 11 cents up to $1.45.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Caribbean Producers (CPJ), Daily Trading, Dolphin Cove, General Accident, Jamaican Stock, junior market, Lasco, Lasco Distributors, Lasco Financial Services

One broker pulled juniors down

May 14, 2015 by IC Insider.com

Mayberry sold small volumes several individual stocks with less than two minutes to close, pulling the prices down.

On Wednesday the main market pulled back a few points, having surged for much of the day, with triple digit gains. Thursday was the turn of the junior market to see an apparent closing, that was lower by a few points, with prices trimmed minutes from the close for a number of stocks. The Junior Market ended with 17 securities trading, the most for some time, if not for all times and ended with 296,055 units changing hands valued at $653,047.
The JSE Junior Market Index declined 2.59 points to close at 866.40, with the price of only 3 stocks advancing and 8 declining and 2 closing at 52 weeks’ high as Mayberry intervened with less than 2 minutes to close by selling a series of small amounts to push several junior market stock prices down.
For most of the day until after 12 noon, the index for the junior market was in record territory to an all-time high. In early morning session junior stocks had put on 13.39 points to 882.38 points a then record. Several very small trades executed on the sell side by Mayberry Investments at 12.52 pm pushed the prices of several stocks down.

Access closed at an all time high of $17 but with only 200 shares purchased by MIL for in house purposes from JMMB

Prior to these trades Mayberry crossed 50,000 Lasco Distributors at $1.50, bringing the price down by 20 cents at 12:18 o’clock from the close on Wednesday and sold 13,000 units to Victoria Wealth Management at the same price for the last trade in the stock for the day. At the close the stock had a bid to buy 106,000 units at $1.52.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading at a new 52 weeks high of $17, but with just 200 units changing hands to gain $1.90, AMG Packaging ended with 2,115 shares changing hands, to close 5 cents lower, at $3.25. Blue Power traded 979 units to close with a gain of 99 cents at $9.80, to close at a 52 weeks’ high, Cargo Handlers finished with 5,000 units to close unchanged at $22.08, Caribbean Producers ended trading with 16,489 shares trading at $2.88. Consolidated Bakeries traded 968,369 units at $1 as the company reported first quarter results showing profit more than doubling from $4.6 million to $13.9 million.

General Accident Insurance concluded trading with 104,533 shares changing hands to close 7 cents lower at $2.08. Honey Bun had just one trade of a mere 2,729 shares with the price falling 40 cents, to $2.50, Jamaican Teas closed trading with 2,170 units and lost 25 cents to $2.65, Lasco Distributors traded 89,880 shares and dropped 20 cents to $1.50, Lasco Financial Services finished trading with 62,331 units, the price slipped 10 cents to $1.35. There was dealing in 9,629 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Paramount Trading ended trading with 102,543 shares to end with an a fall of 28 cents at $3.71 and Derrimon Trading preference share finished traded just 1,000 shares to closed end up 25 cents at $2.25.