Honey Bun new low of $1.70

Honey Bun stock price hit the lowest level since listing in 2011.

Honey Bun stock price hit the lowest level since listing in 2011.

Activity Trading on the Junior Market closed with only securities traded and ended with 566,814 units valued at $860,032. The JSE Junior Market Index fell 7.75 points to close at 679.54, with the price 1 stock advancing and 5 declining.
At the close of the market, there was 1 stock with bid higher than the last selling prices and none with lower offer. The junior market is lowly regaining strength but not there yet with 5 securities closing with no bids to buy. There were 8 securities that had no stocks being offered for sale, a positive indicator that prices could be rising in the near future.
Paramount Trading ended with 19,429 shares trading with a gain of 6 cents to $2.62, AMG Packaging closed with 580 shares trading at $2.15, Lasco Manufacturing closed with 128,435 shares changing hands to close at $1.10, Access Financial closed with 11,000 units trading, the price slipped 4 cents, to $8.96. Dolphin Cove lost 40 cents to close at $8.10 and finished trading with 3,200 share. Honey Bun ended trading with 7,000 shares changing hands to close 30 cents lower at $1.70, for a new 52 weeks’ low, Lasco Distributors traded 291,300 units with the price slipping 5 cents $1.45 and Lasco Financial traded 105,870 shares lower by 7 cents at 98 cents.

Low activity on junior market

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

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

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

Only 4 junior stocks traded

JM ind 12-14 Trading on the Junior Market, closed with very little activity on a day when trading ended with a mere 157,505 units, valued at $298,019. The JSE Junior Market Index rose 0.84 points to close at 668.57 as only 4 securities traded, with the price of 2 advancing and 2 unchanged. At the close, there were 3 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to see slight improvement in sentiment with 6 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale, the highest level since we have been tracking this measure.
At the close of the market, Lasco Financial finished with 11,678 shares changing hands to close 1 cent higher at 97 cents, Caribbean Cream ended with 14,000 shares, 2 cents higher at 70 cents, Honey Bun ended with 26,827 shares trading at $1.90 and Caribbean Producers closed with 105,000 shares at $2.15.

8 Stocks trade on JSE junior market

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General Accident stock rose 11 cents to $1.57 on Friday

General Accident stock rose 11 cents to $1.57 on Friday

Trading in the Junior Market closed with 8 securities traded, with the price of 2 advancing, 3 declining and 3 traded unchanged. Trading ended with 1,655,230 units valued at $2,097,723. The JSE Junior Market Index rose 1.53 points to close at 672.57.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Access Financial traded 2,400 shares at $9, Caribbean Producers traded 76,978 units to end at $2.20, and lost 1 cents, Consolidated Bakeries with 105,314 shares closed at 82 cents, Dolphin Cove exchanged 5,300 shares and lost 30 cents to end at $8.50, General Accident closed up, by 11 cents, at $1.57 while 61,516 units were traded. Lasco Distributors ended up with a volume of 650,000 being traded for $1.49 and the price rose 5 cents to $1.49, Lasco Financial traded 721,560 shares to end at 94 cents after losing 2 cents and Lasco Manufacturing traded at 99 cents with 32,162 shares.

Lasco Manufacturing sole stock to rise

Section of new plant at Lasco Manufacturing at White Marl, St. Catherine

Section of new plant at Lasco Manufacturing at White Marl, St. Catherine

The Junior Market closed trading with only 196,509 units valued at $283,781. The JSE Junior Market Index fell 3.84 points to close at 652.62, with only 6 securities traded, 1 advanced and 4 declined.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and only 1 stock with the offer lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale. The weakness is in keeping with technical indicators, suggesting that the junior market has a while to go, before prices start to recover across the broader market. This is especially so with profits of two of the Lasco companies falling below the results for 2013.
Lasco Manufacturing was the only junior market stock to gain at the end of trading as trading closed with 20,800 shares trading to gain 4 cents at 95 cents and Caribbean Flavours 50,323 units traded to close unchanged, at $2.35.
Lasco Financial with 98,860 shares, ended at 98 cents, Dolphin Cove with 200 units but lost 50 cents to end at $8, General Accident added 6,326 shares but lost 2 cents to close at $1.53 and Medical Disposables put through 20,000 units but lost 4 cents in closing at $1.88.

Lasco Financial rolls out profit gains

Lasco Financial Managing Director Jacinth Hall-Tracey

Lasco Financial Managing Director Jacinth Hall-Tracey

Lasco Financial Services’ profit that grew 20 percent in the June quarter, and 28 percent in the September quarter, to reach $65 million. The second quarter profit, grew faster than the 19 percent revenue growth to $188 million over 2013, slightly more than in the first quarter’s revenue of $178 million and $145 million, in the March 2014 quarter.
For the six months to September, profit is up by 25 percent to $112 million or 9 cents per share and revenue climbed 14 percent to $366 million from $303 million in 2013. All things being equal, the full year earnings to March next year should exceed 20 cents per share.
Cost rose 19 percent in the six months as increased marketing cost helped push cost up, but the increase for the September quarter was only 14 percent. The company is embarking on some new initiatives to expand the business. One will be the utilization of 14 locations island-wide for the provision of loans. They indicated earlier this month that they have already signed an agreement to facilitate this. New software that that has been installed will allow for Money Grams’ data to reside locally and thus speed up the processing in the money transfer transactions, thus creating a better experience for their customers. The focus in this area, is a partial recognition that that the traditional business of cambio and to a lesser degree remittance services are fairly matured and growth has to be explored elsewhere.
Lasco Financial should generate in excess of 40 percent return on equity for the current fiscal year. As of September, equity stood at $726 million, loans and other receivables on the books is at $325 and cash funds $448 million.
A look at Access with return on equity of more than 50 percent, contrast with Lasco Financial more than 40 percent. For one, it indicates that high risk lending is very profitable area if done right as well as the benefit that leveraging can deliver, with Access borrowing funds to relend versus Lasco using its own capital alone.

Slight gain for juniors

amg-packaging280x150 The Junior Market closed trading with 768,343 units valued at $761,700. The JSE Junior Market Index gained 0.54 points to close at 660.02, only 5 securities traded, 2 advanced and 2 declined.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. The junior market continues to be weak with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Caribbean Producers put through 50,000 units with a gain of 10 cents to end at $2.30 and Lasco Manufacturing had 187,742 units trading, to close at 95 cents, after gaining 4 cents.
AMG Packaging traded 300 shares and lost 1 cent, to end at $2.24, a new 52 weeks low and Consolidated Bakeries traded 271,241 shares, lost 3 cents at 82 cents and Lasco Financial with 259,060 units trading, closed at 96 cents.

Lasco Finance up 15 cents

LascoFinancialServices_logo280x150 The Junior Market closed trading with 124,625 units valued at only $158,408. The JSE Junior Market Index increased 2.04 points to close at 661.40 with only 3 securities traded, 1 advanced and none declined.
At the close of the market there were 5 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 11 stocks closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
At the close of trading the active stocks are, Caribbean Producers trading 24,625 shares to end at $2.38, Lasco Financial Services gained 15 cent with 80,000 units, to close at $1 and Lasco Manufacturing had 20,000 units trading, to close at 98 cents.

4 stocks trade on junior market

Paramount_building The Junior Market closed trading with only moderate interest and only 153,055 units valued at $196,918 changed hands. The JSE Junior Market Index increased 2.07 points to close at 666.40 as only 4 securities traded with 1 advancing and 1 declining.
At the close of the market there were 3 stocks with bids higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 9 stocks closing with no bids to buy, against 5 that had no stocks being offered for sale.
Lasco Manufacturing with 29,802 units, closed 2 cents higher at $1.04, Paramount Trading had 18,511 units trading, falling 2 cents to $2.50, Lasco Distributors traded 100,000 shares at $1.15 and Lasco Financial traded only 4,742 units at $1.

Low trading in junior market

CaribbeanProducers(CPJ)280X150 The Junior Market had trading in only 404,855 units valued at $754,027. The JSE Junior Market Index fell 3.57 points to close at 664.33 as 6 stocks traded including one from the Preference section, with 2 advancing and 2 declining.
At the close of the market there were 4 stocks with the bids higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 stocks closing no bids to buy against 6 that had no stocks being offered for sale.
Lasco Financial traded 50,000 shares at $1 by gaining 5 cents followed by Lasco Manufacturing with 60,000 units to gain 2 cents to end at $1.02, Dolphin Cove traded 20,000 units at $8, Caribbean Producers traded 71,805 shares with the loss of 15 cents to end at $2.45 and General Accident traded 202,600 shares at $1.50, in losing 12 cents. Eppley 9.5% preference share traded 450 units at $6.10.