Knutsford Express posted half year results that show revenues up 72 percent to $813 million and up 65 percent for the second quarter to $398 million and delivered profit of $59 million for the November quarter, up from just $2 million in 2021 and $143 million for the six months from $13 million in 2021, sending investors to pounce on the stock on Friday and pushing it to an intraday 52 weeks’ high of $11.60. The stock closed at $9.60 to exit the ICTOP 10 with an increase of 7 percent for the week.
With the latest results, Knutsford’s 2023 fiscal year earnings have been adjusted to $1 per share and putting the stock on target for at least $20 this year, at the close there were only a few stocks on offer for sale.
Knutsford is replaced by baking company Honey Bun coming in with a $7.20 price, with the potential for the price to move to $20 this year.
Junior Market action resulted in Paramount Trading climbing 30 percent to $1.99, ahead of second quarter results that showed continued improvement in profit as revenues climbed 50 percent in the November quarter, to $601 million and 55 percent for the half year to $1.2 billion ahead the 2021 period. Profit surged 126 percent to November quarter to $65 million and 212 percent for the half year to $149 million. Knutsford rose 7 percent to $9.60, but Iron Rock Insurance dropped 14 percent to $2.01. All other movements in the 
Junior Market TOP10 were 3 percent or less and similarly for the JSE Main Market TOP10.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.4. At the same time, the Junior Market Top 10 PE sits at 6.2 versus the market at 12.8, important indicators of the level of the undervaluation of the ICTOP10 stocks currently. The Junior Market is projected to rise by 226 percent and the Main Market TOP10, an average now of 280 percent, to May this year.
The Junior Market has 16 stocks for 34 percent of the market, with PEs from 15 to 31, averaging 19.6 compared with the above average of the market. The top half of the market has an average PE of 18 and shows the extent of potential gains for the TOP 10 stocks. The situation in the Main Market is similar, with the 19 highest valued stocks priced at a PE of 15 to 100, with an average of 31 and 23 excluding the highest valued ones and 26 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
with the value rising 78 percent over Thursday after trading in 44 securities versus 48 previously and ended with prices of 15 rising, 22 declining and seven closing unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year that ends between November last year and August 2023.
Express Catering rallied 44 cents to $5.44 after a transfer of 20,556 stocks, Fontana gained 9 cents in closing at $8.99 in trading 51,272 units, Fosrich popped 7 cents in ending at $3.75, with 800,866 stock units clearing the market. Honey Bun declined 40 cents to end at $7.20 in exchanging 1,501 stock units, Indies Pharma popped 24 cents in closing at $2.90 as investors switched ownership of 412 shares, Iron Rock Insurance fell 61 cents to $2.01 in transferring 16,037 shares. ISP Finance dropped $4.94 to $24.56 with 1,071 stock units changing hands, Knutsford Express lost 20 cents to end at $9.60 after crossing the market with 142,818 stocks, after the stock traded up to $11.60, an intraday 52 weeks’ high, in response to the release of six months results that showed an increase in profit, Lasco Financial rose 14 cents to $2.84 with an exchange of 1,000 units and tTech dipped 37 cents to close at $2.55 in trading 19 units.
The volume of stocks traded fell 68 percent to 3,805,407 shares from 11,745,381 units on Wednesday and exchanged for a 68 percent lower sum of $9,248,824 compared to $29,354,951 previously.
Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending that fall between November 2022 and August 2023.
EduFocal declined 24 cents to $2.25 after a transfer of 7,347 stocks, Express Catering lost 25 cents in closing at $5 as investors exchanged 11,771 shares, Fosrich shed 23 cents in ending at $3.68 after trading 328,617 stocks. General Accident rallied 46 cents to close at $5.07 after 307 shares passed through the market, Honey Bun rose 40 cents to $7.60 with the swapping of 1,125 units, Indies Pharma dipped 14 cents to $2.66 in exchanging 17,868 stock units. Iron Rock Insurance gained 22 cents in closing at $2.62 after investors transferred 170 shares, ISP Finance advanced $4.48 to $29.50 in switching ownership of 5,070 stock units, Knutsford Express rose 35 cents to close at $9.80 after clearing the market with 47,534 units, ahead of the release of half year results to November, reflecting a continued recovery in profit. 
Lasco Financial lost 15 cents to end at $2.70 in an exchange of 19,101 stocks, MFS Capital Partners dipped 17 cents to $2.83 in swapping 57,142 stock units, Stationery and Office Supplies declined $1.78 to end at $14.21 trading 4,914 units and tTech gained 26 cents to close at $2.92 in exchanging 4,563 shares.
Tuesday following trading activity took place in 42 securities versus 46 on Tuesday and ended with prices of 15 rising, 23 declining and four unchanged.
MFS Capital Partners with 1.23 million units for 10.5 percent of the day’s trade, JFP Ltd ended with 1.19 million stocks for 10.1 percent of trading, Fosrich with 1.04 million units for 8.8 percent of the market and Lasco Distributors with 1.01 million units for 8.6 percent market share.
Cargo Handlers rallied $2.25 to $13.80 trading 15,225 stocks, Caribbean Assurance Brokers gained 11 cents to close at $2.01 after transferring 21,525 shares, Derrimon Trading popped 11 cents in closing at $2.21 with an exchange of 83,388 units. Dolphin Cove advanced $1.40 to close at $14.89 in switching ownership of 27,468 stock units, EduFocal rose 26 cents to finish at $2.49 as investors swapped 505,110 stocks, Fontana lost 10 cents to end at $8.90 trading 78,999 shares. Honey Bun dipped 57 cents to $7.20 with 6,881 stock units changing hands, iCreate lost 13 cents to close at $1.71 with investors transferring 195,374 units, Indies Pharma shed 19 cents to $2.80 in switching ownership of 39,084 stocks. Lasco Distributors dipped 17 cents to end at $2.63, with 1,005,283 stocks crossing the market, Lasco Manufacturing shed 30 cents in ending at $4 after 86,092 stock units were exchanged, Main Event popped 70 cents in closing at $9.30 after a transfer of 49,183 shares. 
MFS Capital Partners lost 14 cents to end at $3 after an exchange of 1,233,975 units, Paramount Trading gained 28 cents in ending at $1.98 after a mere one stock unit changed hands, Stationery and Office Supplies advanced 84 cents to $15.99 with 114 stock units clearing the market and tTech rallied 35 cents to close at $2.66 with the swapping of 187 units.
A total of 8,136,775 shares were traded for $22,350,006, up from 5,698,340 units at $13,425,978 on Monday.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending that fall between November 2022 and August 2023.
Consolidated Bakeries lost 28 cents to finish at $1.96 in transferring 70,490 units, EduFocal rose 13 cents to $2.23 after an exchange of 199,042 stock units, Fontana popped 15 cents to end at $9 with investors transferring 26,731 stocks. Future Energy Source gained 10 cents in closing at $5 after trading 153,501 units, Honey Bun rose 57 cents to $7.77 with a transfer of 1,466 shares, iCreate rallied 14 cents to end at $1.84 with the swapping of 171,714 shares. ISP Finance jumped $7 to $25 in switching ownership of 19,364 units, Jamaican Teas popped 11 cents to $2.63 trading 118,793 stocks, Mailpac Group dipped 12 cents to t $2.03 after 23,735 stock units passed through the market. Main Event rallied 15 cents in closing at $8.60 in exchanging 4,530 shares, Medical Disposables gained 59 cents to finish at $5.23 with 368 units changing hands, MFS Capital Partners advanced 25 cents to $3.14 in exchanging 2,230,775 stocks. 
ONE on ONE Educational dropped 9 cents to $1.25 after clearing the market with 448,728 stock units, Paramount Trading shed 10 cents to close at $1.70 in switching ownership of 5,012 stocks and Regency Petroleum rose 8 cents in closing at $1.58 trading 868,173 units.
A total of 5,698,340 shares were traded for $13,425,978 versus 5,955,194 units at $16,230,602 on Friday.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of the Junior Market incorporate ICInsider.com projected earnings for the financial year ending between November 2022 and August 2023.
Derrimon Trading lost 22 cents to close at $2.12 with 183,574 stock units changing hands, Dolphin Cove declined 57 cents to finish at $13.53 in switching ownership of 12,796 shares. EduFocal lost 10 cents to end at $2.10 in transferring 1,172 stocks, Fosrich gained 9 cents to close at $3.90 with the swapping of 255,068 units,General Accident fell 31 cents to $4.60 with investors switching ownership of 34,050 stock units. Honey Bun declined 31 cents to $7.20 after 9,398 shares passed through the market, iCreate dipped 18 cents to $1.70 with 228,400 units crossing the market, Indies Pharma shed 20 cents in closing at $3 after trading 18,144 stocks. ISP Finance gained 51 cents in ending at $18 after an exchange of 2,570 units, Knutsford Express rallied 49 cents to finish at $9.44 with 8,373 shares changing hands, Lasco Distributors rose 17 cents to close at $2.80 as investors exchanged 55,844 stock units. Lasco Manufacturing popped 32 cents to $4.29 with the transfer of 567 stocks, Main Event fell 55 cents to $8.45 trading 12,425 shares, Medical Disposables dropped 64 cents to end at $4.64 after exchanging 61 units. MFS Capital Partners gained 9 cents to close at $2.89 with the swapping of 241,252 stocks, ONE on ONE Educational popped 9 cents to $1.34 in an exchange of 759,824 stock units, Paramount Trading gained 27 cents in closing at $1.80 with a transfer of 8,021 shares. 
Spur Tree Spices dipped 7 cents to $3.02 in transferring 60,697 units, Stationery and Office Supplies dropped 85 cents to end at $15.15 with 2,672 stocks changing hands and tTech lost 45 cents to close at $2.30 after an exchange of 160 stock units.
Junior Market action resulted in General Accident popping 11 percent to $4.91, followed by Lasco Distributors with a 5 percent rise to $2.63, but Paramount Trading lost 23 percent to close at $1.53 in a week when only three stocks declining, with the others slipping just one percent.
The Junior Market is projected to rise by 231 percent and the Main Market TOP10, an average now of 278 percent, to May 2023.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
A total of 5,955,194 shares were traded for $16,230,602 compared to 7,085,346 units at $18,259,575 on Thursday.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
Fontana lost 17 cents to end at $8.83 in switching ownership of 40,855 stock units, Fosrich fell 19 cents to $3.81, with 267,672 stocks changing hands, Honey Bun climbed 21 cents in ending at $7.51 with a transfer of 2,602 shares. iCreate gained 11 cents in closing at $1.88 trading 77,886 stocks, Iron Rock Insurance rose 37 cents to close at $2.35 as 264 stock units passed through the market, Lumber Depot increased 21 cents to end at $2.61 with an exchange of 160,503 units. Main Event popped 41 cents to $9, with 52,523 stocks crossing the market, MFS Capital Partners shed 14 cents in ending at $2.80 after exchanging 1,885,589 units, Paramount Trading declined 10 cents in closing at $1.53 while exchanging 31,032 shares. 
Stationery and Office Supplies dropped 50 cents to end at $16 in trading 6,075 stock units and tTech climbed 20 cents in closing at $2.75 after an exchange of 2,761 stocks.
A total of 7,085,346 shares were traded for $18,259,575 compared with 10,975,198 units at $26,988,194 on Wednesday.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year that fall between November this year and August 2023.
Express Catering dipped 10 cents to $5.20 after an exchange of 20,181 shares, Future Energy Source lost 19 cents in ending at $4.92 as investors exchanged 326,338 stock units, General Accident dipped 17 cents to close at $4.90 in switching ownership of 100 stocks. Honey Bun rallied 10 cents to end at $7.30 after exchanging 11,486 units, iCreate gained 27 cents to $1.77 with an exchange of 466,481 stock units, Indies Pharma climbed 50 cents in closing at $3.25 as 12,306 shares passed through the market. KLE Group declined 28 cents to end at $1.71, with 641 units clearing the market, Knutsford Express increased 75 cents to $8.95, with 6,090 stocks crossing the market, Lasco Manufacturing shed 30 cents to close at $4 after a transfer of 53,088 shares. Limners and Bards popped 24 cents in closing at $2.67, with 35,572 stock units changing hands, Lumber Depot gained 10 cents to end at $2.40 with investors transferring 33,816 stocks, 
Main Event rose $1.59 to close at $8.59 trading 44,554 stock units. MFS Capital Partners advanced 13 cents to $2.94 after trading 154,025 shares, Paramount Trading dipped 17 cents to $1.63 in exchanging 9,322 units and Spur Tree Spices rallied 13 cents to $3.13 in trading 151,160 stocks.
At the close, the Junior Market Index declined 47.01 points to finish at 3,901.24.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
Express Catering declined 10 cents to $5.30 after an exchange of 500 units, Fosrich shed 24 cents to close at $3.99 after investors finished trading 511,652 units. iCreate dipped 43 cents to $1.50 in an exchange of 3,234,540 stocks, Indies Pharma fell 25 cents to $2.75, with 12,528 stock units passing through the market, Iron Rock Insurance declined 37 cents ending at $1.98 after 4,000 shares crossed the market. Jamaican Teas fell 10 cents to close at $2.50, with 437,300 shares crossing the market, Knutsford Express advanced 20 cents to end at $8.20 while exchanging 1,815 units, Lasco Manufacturing rallied 36 cents in closing at $4.30, with 14,263 stocks crossing the exchange. Limners and Bards dropped 33 cents to close at $2.43 as investors exchanged 30,090 stock units, Lumber Depot shed 39 cents in closing at $2.30, with 323,510 stock units changing hands, 
Main Event dipped $1.99 to end at $7 after an exchange of 216,945 units. Paramount Trading fell 10 cents to $1.80 with a transfer of 14,333 shares and tTech popped 33 cents to end at $2.53 with investors transferring 33,000 stocks.