Lasco Financial — Page 85

Junior Market plunges 61 points

May 17, 2021 by IC Insider.com

Trading closed on Monday, with the market declining after an exchange of 31 percent more shares valued 48 percent less than on Friday’s and leading to a fall in the Junior Market index after it surged 61.40 points to 3,382.95 points within 17 minutes of the opening, but the market failed to hold off selling pressure, leaving the Market index down 15.05 points to close at 3,306.50.
Overall 40 securities traded, up from 37 on Friday and ended with the prices of nine stocks rising, 23 declining and eight remaining unchanged. At the close, the PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.
At the market close 13,103,080 shares traded for $39,313,013 compared to 10,030,984 units at $26,609,052 on Friday. Jamaican Teas led trading with 20.7 percent of the total volume after trading 2.72 million shares, followed by Mailpac Group with 19 percent for 2.49 million units, Elite Diagnostic with 14.9 percent after a transfer of 1.95 million units and Derrimon Trading controlled 8.9 percent with 1.17 million units changing hands.
Trading averaged 327,577 units at $982,825 compared to 271,108 at $719,164 on Friday. The month to date trading averaged 347,217 units at $864,166, compared to 349,312 units at $851,510 on Friday. Trading in April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped $1.15 to $21 with trading just 4 shares, Blue Power fell 20 cents to $3.75 with an exchange of 5,026 stocks, Caribbean Producers lost 28 cents to settle at $3.50 with 29,880 units changing hands. Derrimon Trading declined 10 cents to $2.50 with 1,170,771 stock units passing through the market, Dolphin Cove shed 61 cents to close at $7.38 with an exchange of 841 shares, Elite Diagnostic advanced 16 cents to $3.29 with a transfer of 1,953,169 stocks. Everything Fresh rose 5 cents to $1 with 17,063 units traded, Express Catering jumped $1 to $5.90 in switching ownership of 25,104 shares, Fontana dropped 20 cents to $6 with 272,750 stocks changing hands. Fosrich climbed 48 cents to $8.47 with 49,909 units passing through the market, General Accident fell 40 cents to $5.70 in an exchange of 20,782 shares, Honey Bun lost 12 cents to end at $6.30 with a transfer of 35,630 stock units. iCreate rose 7 cents to 86 cents with 366,532 stocks traded, Indies Pharma shed 30 cents to close at $3.70 in switching ownership of 83,302 units, Iron Rock Insurance fell 10 cents to $3.45 with 250 shares changing hands. Jamaican Teas gained 5 cents to end at $3.95 with 2,715,570 stock units changing hands, KLE Group lost 10 cents to finish at $1.10 with an exchange of 45,672 units, Knutsford Express dropped $1.25 to close at $7.20 with a transfer of 7 stocks. Lasco Distributors slipped 5 cents to $4.15 with 38,968 shares traded, Lasco Financial fell 14 cents to $3.80 with 85,342 units changing hands, Lumber Depot declined 15 cents to $3.03 with 807,322 stocks passing through the market. Main Event shed 41 cents to end at $4.50 with a transfer of 1,575 stock units, Medical Disposables advanced 15 cents to $4.40 with 1,534 units traded and Stationery and Office Supplies dropped $1.87 to close at $7.63 with 32,890 shares crossing the exchange.

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, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Profit gains push Berger & SOS out of ICTOP10

May 15, 2021 by IC Insider.com

Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Investors got a serious dose of a new set of company results and they liked a number of them, driving up prices of some up, following results that surprised positively. Many of the surprising ones matched the ICInsider.com forecast. Stationery & Office Supplies that was in the ICTOP10 up to last week reported earnings in line with ICInsider.com projections of $1 and investors pushed the price to a 52 weeks’ high of $9.50, with a gain of 109 percent for the year so far, with more gains ahead.
tTech is another company reporting earnings in line with the ICInsider.com forecast, with the stock jumping to $5.91 to be up 41 percent for the year. Berger Paints another TOP 10 stock up to last week, seems well on the way to earn $1.50, ICInsider.com forecasted, the price closed the week at $15, pushing it out of the TOP10. There are only 4,852 units on offer up to $17 thereafter, just over 154,000 between $18.99 and $19.86, Grace Kennedy reported a 26 percent rise in profit for the quarter, a continuation of good growth it enjoyed in 2020, but the market is yet to reward it with a price rise.
Access Financial and Key Insurance have moved into the TOP10 to fill the space left by the two stocks that fell out at the end of the week.
When ICInsider.com embarked on the 2021 profit forecast, it was a most difficult time due to the turbulence in the economy and businesses of many listed companies. Nevertheless, we boldly made our forecast and the first fruits are now showing and investors like them in driving up nine of 15 Junior Market stocks selected in January, bettering the gains for the year of 26 percent. Two stocks more than doubled and one is up 96 percent after more than doubling in trading for the year to date, earlier this week, before some profit taking set in. One stock rose 64 percent, one gained 43 percent, two 35 percent and two with 29 percent gain. Added to this is Future Energy Sources that was a part of the TOP10 listing starting at the end of February and has since gained 35 percent.
The ICTOP15 stocks in continuing an outstanding performance saw, Stationery & Office Supplies jumping 109 percent for the year to date, Lumber Depot 104 percent, Jamaican Teas 96 percent, Main Event 64 percent, Lasco Financial rose 43 percent, Caribbean Cream and Caribbean Producers up 35 percent, Lasco Distributors and MailPac a rise of 29 percent each.
The JSE Main Market is only up 4 percent year to date, but ICTOP15 stock selection saw Carreras and Grace Kennedy rising 37 percent, QWI Investments and Caribbean Cement up 29 percent, Seprod up 20 percent, Jamaica Producers 19 percent and Jamaica Broilers up 15 percent.
The bullish tone of both markets continues, but the Junior Market had hit the top line of an upward sloping channel that could act as resistance and is worth watching. The Main Market is a few thousand points away from its channel top, but those resistance points should be only temporary barriers if they, in fact become that.
The top three stocks in the Junior Market are headed by Elite Diagnostic followed by Medical Disposables and Jetcon Corporation, with the potential to gain between 245 to 283 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Jamaica Broilers and PanJam Investment, with expected gains of 165 to 385 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.3 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. This represents another 39 percent rise in the market that would equate to a rise of 60 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.4 at just 52 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 15 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 47 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 220 percent and 168 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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, Carreras, Daily Trading, Emerging markets, FESCO, Future Energy Source, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Juniors slipped on Friday

May 14, 2021 by IC Insider.com

Trading closed on Friday, with the market index suffering one of its infrequent declines in recent weeks after trading volumes dropped 49 percent and the value fell 51 percent from Thursday levels on the Junior Market of the Jamaica Stock Exchange, as the market at the top of a trading channel that could restrict upward movement for a while.
Trading ended with 37 securities changing hands up from 35 on Thursday and closed with prices of 15 rising, 15 declining and seven closing unchanged.
At the close, the Junior Market Index shed 24.81 points to settle at 3,321.55. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.4.
The market closed with an exchange of 10,030,984 shares for $26,609,052 down from 19,570,020 units at $54,174,348 on Thursday. Future Energy Source led trading with 21.6 percent of total volume for an exchange of 2.16 million shares, followed by Lumber Depot with 18.5 percent after exchanging 1.85 million units and Everything Fresh with 9.3 percent for 930,357 units.
Trading averaged 271,108 units at $719,164, in contrast to 559,143 at $1,547,924 on Thursday, and for the month to date, an average of 349,312 units at $851,510, compared to 357,873 units at $865,997 on Thursday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging lost 6 cents in closing at $1.72 in trading 116,319 shares, Blue Power gained 45 cents to end at $3.95 after crossing the market with 3,508 units, Cargo Handlers advanced $1.19 in closing at $8.70 with an exchange 33 stocks. Caribbean Cream picked up 5 cents to close at $5.66 with the swapping of 10,085 stock units, Caribbean Flavours declined 25 cents to finish at $2.10 in exchanging 720,848 shares. Consolidated Bakeries fell 31 cents, ending at $1.34 in switching ownership of 42,500 stocks, Elite Diagnostic rose 21 cents in closing at $3.13 in crossing the market with 10,312 units, Everything Fresh lost 15 cents to settle at 95 cents, with 930,357 shares changing hands, Express Catering shed $1.03 to close at $4.90 with the swapping of 89,380 stock units. Fontana rose 34 cents to end at a 52 weeks’ high of $6.20 after crossing the market with 383,850 shares, General Accident ended 19 cents higher at $6.10, exchanging 45,854 units. GWest Corporation lost 5 cents in closing at 79 cents after clearing the market with 39,149 shares, Honey Bun rose 42 cents to close at $6.42 in exchanging 215,252 stocks, iCreate shed 1 cent to end at 79 cents crossing the exchange 13,571 stock units. Jamaican Teas gained 40 cents to end at $3.90 in switching ownership of 469,732 shares, Lasco Distributors gained 13 cents to close at $4.20 with an exchange of 66,204 units, Lasco Financial ended 6 cents lower at $3.94 with the swapping of 1,000 shares, Lasco Manufacturing gained 6 cents in closing at $5.40 in transferring 82,790 stock units. Lumber Depot gained 17 cents ending at $3.18 after exchanging 1,851,495 units, Mailpac Group shed 26 cents to finish at $3.69 after clearing the market with 867,626 stocks, Stationery and Office Supplies advanced $2.49 to end at a 52 weeks’ high of $9.50 in trading 16,303 shares and tTech dipped 8 cents to end at $5.91 with a transfer of 1,250 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, Fontana, FosRich, 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, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Steady Junior Market could jump Friday

May 13, 2021 by IC Insider.com

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Trading on the Junior Market closed on Thursday with the market making a slight gain as investors exchanged 59 percent more stocks, with 88 percent greater value than on Wednesday, leading the Market Index to hang on to a rise of just 1.65 points to settle at 3,346.36, but new results posted after the close of the market and other positive sentiments could push some prices sharply high on Friday.
The market closed with three stocks ending at 52 weeks highs, helped by good news and shortage of supply of stocks for sale. One technical indicator shows the market sitting at the top of a channel or resistance. Release of results after the market closed, of some companies and a few others that were released before, could power the market into breaking through the resistance level and place the market in a position to the 4,000 points level. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaging 12.3.
Similar to Wednesday, 35 securities traded, with the prices of 15 rising, 16 declining and four remaining unchanged as 19,570,020 shares traded for $54,174,348, up from 12,309,102 units at $28,788,289 on Wednesday.
Jamaican Teas led trading with 34.3 percent of total volume after exchanging 6.71 million shares, followed by Future Energy Source, 27 percent, with 5.30 million units and Lumber Depot with 20 percent after an exchange of 3.92 million units.
Trading ended with an average of 559,143 units at $1,547,839 up from 351,689 at $822,523 on Wednesday and for the month to date an average of 357,873 units at $865,988, compared to 334,624 units at $787,227 on Wednesday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and five with lower offers. The market seems to end trading with a slight negative bias.
At the close, Access Financial advanced 35 cents to $22.15 with an exchange of 20 shares, Blue Power rose 11 cents to $3.50 with 4,500 units changing hands, Caribbean Cream fell 42 cents to $5.61 with 14,220 units passing through the market. Caribbean Flavours lost 5 cents to close at $2.35 with 226,710 stock units traded, Caribbean Producers rose 7 cents to $3.80 with a transfer of 569,828 shares, Elite Diagnostic dropped 21 cents to $2.92 with a transfer of 57,996 units. Everything Fresh increased by 6 cents to close at $1.10 with an exchange of 1,000 stocks, Express Catering slipped 5 cents to $5.93 with 33,517 shares changing hands, Fontana fell 19 cents to $5.86 with 333,258 units passing through the market. Fosrich slipped 6 cents to $8 with 108,982 stock units traded, General Accident shed 35 cents to settle at $5.91 with investors switching ownership of 6,375 shares, GWest Corporation rose 5 cents to 84 cents with a transfer of 111,000 stocks.Honey Bun dropped 16 cents to $6 with an exchange of 55,902 units, iCreate gained 6 cents to close at 80 cents with 16,558 stock units passing through the market, Indies Pharma fell 25 cents to $4 with 387,501 shares traded. Jamaican Teas fell 30 cents to settle at $3.50 after 6,713,850 units changed hands, KLE Group lost 9 cents to finish at $1.21 with 600 stocks crossing the exchange, Lasco Distributors declined by 25 cents to $4.07 with 145,965 stock units traded. Lasco Financial climbed 61 cents to 52 weeks high of $4 with a transfer of 55,209 shares, Limners and Bards rose 6 cents to $2.98 with investors switching ownership of 252,216 units, Lumber Depot advanced 21 cents to a 52 weeks’ high of $3.01 with an exchange of 3,917,606 units. Mailpac Group lost 5 cents to close at $3.95 with 317,577 stock units changing hands, Medical Disposables dropped 75 cents to $4.25 with 10,895 stocks passing through the market, Stationery and Office Supplies jumped $1.01 to settle at a 52 weeks’ high of $7.01 with 24,878 units traded and tTech advanced 9 cents to $5.99 with 8,461 shares crossing the exchange.

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, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Another strong finish for Junior Market

May 12, 2021 by IC Insider.com

The Junior Market improved on 53.41 points rally at the close on Tuesday’s by putting in another decent rise in climbing another 26.84 points to close at 3,344.71 on Wednesday as the market barrels ahead with a near 27 percent rise for the year to date and 65 percent since the low of March last year.
At the close, 35 securities traded down from 37 on Tuesday with 15 stocks rising, 14 declining and six ending unchanged.
The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ended at 12.4. The market closed with an exchange of 12,309,102 at $28,788,289 versus 13,231,940 units at $21,484,542 on Tuesday.
Future Energy Source led trading with 61.3 percent of total volume after trading 7.54 million shares, followed by Lasco Manufacturing with 16.8 percent trading 2.07 million units and Jamaican Teas 10 percent with an exchange of 1.23 million units.
Trading averaged 351,689 units at $822,523 in contrast to 357,620 at $580,663 on Tuesday. Trading for the month to date averages 334,624 units at $787,227, compared to 332,395 units at $782,617 on Tuesday. April averaged 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, CAC 2000 dropped 30 cents to $9.70 with an exchange of 1,186 shares, Caribbean Assurance Brokers gained 17 cents to end at $2.07 with 248,620 units passing through the market, Caribbean Flavours rose 10 cents to $2.40 with 5,802 stock units changing hands. Elite Diagnostic advanced 32 cents to $3.13 with 135 stocks traded, Express Catering jumped 78 cents to a 52 weeks’ high of $5.98 with a transfer of 53,797 shares, Fontana added 8 cents to close at $6.05 with an exchange of 42,310 units. Fosrich dropped 14 cents to $8.06 with 41,575 stock units passing through the market, iCreate slipped 5 cents to 74 cents with 23,000 stocks changing hands, Iron Rock Insurance advanced 13 cents to $3.55 with 29 shares traded. Jamaican Teas fell 30 cents to $3.80 with a transfer of 1,225,475 stocks, Jetcon Corporation rose 6 cents to 91 cents with an exchange of 50,827 stock units, KLE Group climbed 27 cents to $1.30 with investors switching ownership of a mere 5 shares. Lasco Distributors declined 8 cents to $4.32, with 13,297 units changing hands, Lasco Manufacturing gained 21 cents to close at $5.31 with 2,071,884 stocks traded, Mailpac Group rose 6 cents to $4 with a transfer of 335,132 stock units and tTech jumped $1.30 to $5.90 with 23,000 shares crossing the exchange, following release of first quarter resulting showing a 94 percent rise in profit.

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, Best performing stock market, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Express Catering, Fontana, FosRich, 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, Trading Activity, tTech

Junior Market back at pre-COVID levels

May 11, 2021 by IC Insider.com

The Junior Market Index surged past the 3,300 points level for the first time since January 3, last year, when the market closed at 3378.20. At the close on Tuesday, the index jumped 53.41 points to land at 3,317.87, having now recovered all COVID-19 losses and more.
Tuesday’s trading was dominated by recently listed Junior Market stock, Future Energy Source, with 72.1 percent of total volume, after an exchange of 9.55 million shares, followed by Derrimon Trading, with 8.1 percent with 1.07 million units and Tropical Battery 3.9 percent with an exchange of 521,789 shares.
At the close of trading, 37 securities changed hands down from 40 on Monday, with 18 stocks rising, 10 declining and nine remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 11.9.
The total of 45 percent more funds exchanged in trading 73 percent more shares than on Monday as 13,231,940 shares traded for $21,484,542, up from 7,657,019 units $14,785,764 on Monday.
Trading averaged 357,620 units at $580,663 in contrast to 191,425 at $369,644 on Monday. The month to date, averaged 332,395 units at $782,617, compared to 328,355 units at $814,965 on Monday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows three stocks ending, with the bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 21 cents to close at $3.39 with 29,946 shares changing hands, Caribbean Assurance Brokers dropped 17 cents to end at $1.90 with an exchange of 73,761 stocks after the company posted lower first quarter profit than they did in 2020. Caribbean Cream jumped 75 cents to $6.05 with a transfer of 74 units. Caribbean Flavours rose 5 cents to $2.30 with investors switching ownership of 18,068 shares, Caribbean Producers lost 5 cents to end at $3.70 with 78,010 units traded, Consolidated Bakeries advanced 24 cents to $1.65 with 482 stocks changing hands. Derrimon Trading gained 6 cents to close at $2.60 with an exchange of 1,065,315 stock units, Elite Diagnostic fell 32 cents to $2.81 with a transfer of 650 shares, Everything Fresh fell 13 cents to $1.04 with 15,000 stocks passing through the market. Fontana rose 13 cents to $6.13 with an exchange of 33,522 units, Fosrich climbed 21 cents to close at $8.20 with a transfer of 37,959 stock units, General Accident climbed 46 cents to $6.30, with investors switching ownership of 191,612 shares. Honey Bun dropped 20 cents to close at $6.20, with 467 units traded, Lasco Distributors advanced 39 cents to $4.40 with 225,841 stocks changing hands, Lasco Manufacturing lost 8 cents to end at $5.10 with an exchange of 37,601 shares. Mailpac Group rose 9 cents to $3.94 with a transfer of 266,768 stock units, Medical Disposables fell 19 cents to close at $5 with the ownership of 64,103 stocks switching, Paramount Trading gained 9 cents to finish at $1.39 with 10,029 units changing hands and Stationery and Office Supplies jumped 48 cents to settle at $6 with 11,290 shares crossing the exchange.

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, 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, Fontana, FosRich, 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, SSL Venture Capital, Stationery and Office, Trading Activity

Junior Market moves higher

May 10, 2021 by IC Insider.com

Trading was more subdued on Monday than Friday and ended with more stocks declining than rising at the close of the Junior Market of the Jamaica Stock Exchange, nevertheless, the market index gained 20.53 points to settle at 3,264.46.
A total of 40 securities traded compared to 39 on Friday, with 13 stocks rising, 19 declining and eight remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.2.
Investors exchanged 77 percent fewer shares at 82 percent less value than on Friday. Trading amassed 7,657,019 shares for $14,785,764 compared to 33,684,414 units at $82,018,666 on Friday.
Future Energy Source led trading with 43 percent of total volume, after 3.28 million shares changed hands, followed by Paramount Trading 11.1 percent of the day’s trade with 852,642 units and Derrimon Trading with 10.7 percent with a transfer of 816,047 units.
Trading averaged 191,425 units at $369,644, down from 863,703 at $2,103,043 on Friday. Trading month to date averaged 328,355 units at $814,965, compared to 357,031 units at $908,226 on Friday. April ended with an average of 329,241 units at $854,716.
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, Access Financial fell 20 cents to $21.80 with 611 shares passing through the market, Blue Power dipped 30 cents to $3.60 with an exchange of 45,370 units, CAC 2000 jumped 50 cents to $10 with 2,947 stock units changing hands. Caribbean Cream gained 10 cents to close at $5.30 with a transfer of 642 shares Caribbean Producers slipped 5 cents to $3.75 with 53,048 stocks traded, Express Catering climbed 40 cents to a 52 weeks’ closing high of $5.20, with 16,905 units passing through the market. Fosrich shed 50 cents to end at $7.99 with an exchange of 83,942 stock units, Indies Pharma advanced 16 cents to $4.24 with 20,237 shares changing hands, Jamaican Teas slipped 11 cents to $4.08 with a transfer of 378,490 stocks. Jetcon Corporation slipped 5 cents to 85 cents with 17,580 units changing hands, Knutsford Express fell 5 cents to $8.45, with 16,147 stock units passing through the market, Lasco Financial climbed 25 cents to $3.35 with an exchange of 50,155 shares. Limners and Bards increased 8 cents to finish at $2.90 with 181,122 stock units changing hands, Mailpac Group rose 5 cents to $3.85 with a transfer of 309,136 units, Main Event advanced 22 cents to $4.87 with 1,323 stocks traded. Medical Disposables fell 9 cents to $5.19 with 102 units passing through the market, Stationery and Office Supplies dropped 93 cents to $5.52 with 5,139 stock units changing hands and tTech lost 28 cents to close at $4.60 with 17,551 shares crossing the exchange.
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, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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

Major shakeup in Junior Market ICTOP10

May 8, 2021 by IC Insider.com

The Junior Market had some major shakeup in some of the listings this past week as investors keep their eyes solidly on opportunities in this market, having slowly eating away at the above-average gains available in the market and driving prices of many stocks up and pushing the market back to early January 2020 level.
During the past week, Main Event surged nearly 33 percent from $3.50 to $4.65, pushing it from second spot last week to 10^ththis week. Medical Disposables dropped from the third position with a gain of 19 percent to $5.28, Stationery & Office rose from $5.71 to $6.45 and taking it from 5th to 7th position, while Lasco Financial moved up to 6^th position from 9^th last week, with no price change, Caribbean Producers moved up from 8^th last week to 3^rd this week and Caribbean Cream shifted from 7^th to 2^nd this week.
Stationery & Office, General Accident, Medical Disposables and Main Event that are at the edge on the Junior Market TOP10 could well drop out at any time as they are all bunched together with potential gains of 188 to 210 percent. In the Main Market, VM Investments, with potential gains of 128 percent and Berger Paints with 122 percent, could drop out soon. Results of companies to come shortly could result in changes in the list, depending on how investors respond to each.
The bullish tone of the two markets continues, with technical indicators and fundamentals of many companies keep on powering prices higher with many investors looking to the future with the recovery of the economy in mind and the impact that it will have on stocks.
Investors should expect a host of company results to hit the market next week as the mid-month date approaches. Watch these stocks over the next few weeks, Grace Kennedy, Jamaica Producers, PanJam Investment, Sagior Group, MailPac, Access Financial, Lasco Financial, Lasco Distributors, Caribbean Cream, ISP Financial.
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Caribbean Cream and Caribbean Producers, with the potential to gain between 242 to 282 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and Jamaica Broilers, with expected gains of 166 to 413 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.2 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. This represents another 40 percent rise in the market that would equate to a rise of 60 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.1 at just 50 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 15 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7 or 47 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 229 percent and 173 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Rising stocks push Junior Market north

May 7, 2021 by IC Insider.com

Trading closed on Friday with the market regaining ground after volume traded climbed 445 percent, valued 269 percent more than on Thursday on the Junior Market of the Jamaica Stock Exchange.
Trading ended with 39 securities changing hands compared to 36 on Thursday and closed with prices of 18 stocks rising, 15 declining and six remaining unchanged.

Derrimon traded the most shares on Friday.

At the close, the Junior Market Index advanced 22.81 points to settle at 3,243.93. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 12.2.
The market closed with an exchange of 33,684,414 shares for $82,018,666, up sharply from 6,176,511 units at $22,209,393 on Thursday. Derrimon Trading dominated trading with 57 percent of total volume for an exchange of 19.2 million shares, followed by Future Energy Source with 23.3 percent for 7.86 million units and Lasco Distributors with 8 percent after trading 2.7 million shares.
Trading averaged 863,703 units at $2,103,043 in contrast to 171,570 at $616,928 on Thursday. Trading month to date averages 357,031 units at $908,226, compared to 227,030 units at $601,661 on Thursday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial lost 20 cents in closing at $22 in an exchange of 4 shares, Blue Power rose 15 cents to $3.90 with 14,430 stock units crossing the market, CAC 2000 shed 50 cents to close at $9.50 in switching ownership of 7,051 shares. Caribbean Cream dropped 85 cents to $5.20 with an exchange of 23,204 stock units, Caribbean Flavours shed 6 cents to finish at $2.23, with 218,530 units clearing the market, Consolidated Bakeries slipped 24 cents to $1.41 with a transfer of 150 units. Everything Fresh gained 6 cents to close at $1.19 with 414,779 shares changing hands. Express Catering picked up 25 cents ending at $4.80 after 137,584 units crossed the exchange, Fosrich rose 49 cents in closing at $8.49 in transferring 217,144 units. Future Energy Source gained 6 cents to close at a record close of $1.10 with 7,857,475 shares crossing the market, General Accident ended 32 cents higher at $5.84 in trading 780 shares, Honey Bun rose 41 cents to $6.41, after trading 68,966 stocks, iCreate gained 6 cents to settle at 80 cents with the swapping of 29,800 units, Indies Pharma fell 17 cents to close at $4.08 with an exchange of 101,308 shares. Iron Rock Insurance lost 10 cents in closing at $3.40 in switching ownership of 14,906 stocks, Lasco Distributors gained 10 cents to end at $4 after exchanging 2,698,308 shares, Lasco Financial lost 10 cents to close at $3.10 in switching ownership of 4,983 stocks, Lasco Manufacturing advanced 40 cents to $5.15 with 50,086 shares changing hands. Limners and Bards picked up 7 cents to end at $2.82 in transferring 159,117 stock units, Mailpac Group rose 14 cents to close at $3.80 in an exchange of 915,184 shares, Main Event lost 14 cents to end at $4.65 with 55,160 shares crossing the exchange and Stationery and Office Supplies advanced 95 cents to $6.45 in trading 24,827 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, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Big Junior Market retreat – Wednesday

May 6, 2021 by IC Insider.com

Trading started the day with a rise in the market index to 3,284.37 points after 30 minutes of the Junior Market opening >on Thursday but could not maintain those gains and fell over 63 points to finish at 3,221.12 after dropping 43.79 points from Wednesday’s close.
Trading ended with 36 securities changing hands compared to 40 on Wednesday, ending with 16 rising, 14 falling and six remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.2.
The market closed with an exchange of 42 percent fewer shares than on Wednesday as 6,176,511 shares valued at $22,209,393 changed hands, down from 10,633,571 units at $23,363,737 on Wednesday.
Fosrich controlled 12.8 percent of total volume with 793,280 shares, followed by Future Energy Source 11.3 percent, with 696,049 units and Caribbean Flavours 10.6 percent, with an exchange of 655,062 units.
Trading averaged 171,570 units at $616,928 in contrast to 265,839 at $584,093 on Wednesday. Trading month to date, averaged 227,030 units at $601,661, compared to 244,242 units at $596,923 on Wednesday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Blue Power fell 69 cents to $3.75 with an exchange of 9,118 shares, Caribbean Assurance Brokers rose 10 cents to $2.08 with 108,563 stock units traded, Caribbean Cream added 14 cents to end at $6.05, with 4,172 units changing hands. Caribbean Producers lost 15 cents to end at $3.80 with a transfer of 117,765 stocks, Express Catering rose 10 cents to $4.55 with investors switching ownership of 77,747 shares, Fosrich shed 79 cents to settle at $8 with an exchange of 793,280 units after it traded at a record high of $9.50. Honey Bun hit a 52 weeks’ intraday high of $7 before falling back to a gain of just 5 cents for the day to $6 with 131,773 stocks passing through the market, iCreate fell 6 cents to 74 cents with 33,680 stock units changing hands, Iron Rock Insurance jumped 45 cents to $3.50 with a transfer of 25,670 shares. Jetcon Corporation declined 7 cents to 87 cents with 24,961 stocks traded, Knutsford Express gained 10 cents to end at $8.50 with investors switching ownership of 7,171 units Lasco Financial dropped 19 cents to $3.20 with an exchange of 391,519 stock units. Lasco Manufacturing shed 35 cents to $4.75 with 66,304 shares changing hands, Lumber Depot advanced 14 cents to $2.80 with a transfer of 349,436 stocks, Medical Disposables slipped 8 cents to $5.27 with 300,260 units traded. SSL Venture rose 7 cents to 65 cents with investors switching ownership of 5,700 stock units, Stationery and Office Supplies fell 11 cents to $5.50 with 19,767 stocks changing hands and tTech gained 10 cents to close at $5, with the 3,959 shares crossing the exchange.