Juniors eased again on Monday

February 29, 2016 by
http://icinsider.com/consolidated-bakeries-profit-falters/

General Accident closed at a new 52 weeks' high on Monday

General Accident closed at a new 52 weeks’ high on Monday

The junior market lost some more ground again on Monday although advancing stocks exceeded declining ones. The market lost 8.37 points to end at 1,947.91 with 14 securities trading of which 4 declined and 5 advanced, including 1 of that traded at a 52 weeks’ high. The market ended with 1,010,904 units changing hands, valued at $5,976,571.
At the close, 2 securities ended with no bid and 6 securities had no stocks being offered for sale. There were 11 stocks closing with bids that were higher than their last selling prices and 3 ended with a lower offer.
In trading, Access Financial traded 4,000 units to close at $17.50, AMG Packaging rose by $1.40 with 223,936 units changing hands, to end at $13.10, C2W Music traded 20,636 units to close at 45 cents, Caribbean Cream gain 55 cents while trading 580 shares to close at $4.25. Caribbean Flavours traded 2,473 units at $8.60, Caribbean Producers had 18,386 units changing hands to close a loss of 45 cents at $4.55, Consolidated Bakeries traded 15,465 units at $1.50 after rising 10 cents but closed with an offer at $1.44. JM sum 29-2-16rDolphin Cove traded 582 shares to gain 33 cents and end at $15.95, General Accident traded 1,000 units at a 52 weeks’ high of $2.80 with a gain of 30 cents, Jamaican Teas ended with 1,364 units changing hands at $7.70, KLE closed at $2.20 with 1,270 shares changing hands with a loss of 30 cents. Lasco Distributors rose by 44 cents and closed with 52,455 units trading to end at $5.50, Lasco Financial ended at $3.23 with 45,300 shares changing hands, Lasco Manufacturing ended trading with 322,957 shares and lost 25 cents to close at $4.10 and Medical Disposables traded 300,500 shares to close at $3.50.

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Juniors slips sharply – Wednesday

February 24, 2016 by

CAC 2000 closed at new high of $7.36 on Wednesday.

CAC 2000 closed at new high of $7.36 on Wednesday.


The junior market ceded ground again on Wednesday although advancing and declining stocks were equal with 6 declining stocks and 6 advancing leading to fall of 2 percent in the index. The market lost 44.03 points to end at 2,075.12 with 13 securities trading, 2 of which ended at 52 weeks’ highs. The market ended with 2,918,009 units changing hands, valued at $20,407,860.
At the close, 1 security ended with no bid and 6 securities had no stocks being offered for sale. There were 8 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, Access Financial fell 50 cents while trading 764,000 units to close at $19.50, AMG Packaging dropped had 20,000 units changing hands, to end at $14, Blue Power traded 4,440 shares and fell 29 cents to end at $9.30, CAC 2000 had 12,500 shares changing hand, to close at a 52 weeks’ high of $7.36 after rising 34 cents. C2W Music traded 5,637 units at 43 cents, Caribbean Cream rose by 15 cents while trading 107,800 shares to close at $4.15, Caribbean Producers had 30,000 units changing hands, to close at $5.10, Dolphin Cove traded 500 shares at $15.61, General Accident traded 690,326 units at $2.40 with a gain of 20 cents. JM sum 24-2-16Honey Bun ended with 7,674 units changing hands at $13.78 after rising 8 cents, Knutsford Express gained $1.01 and ended at a 52 weeks’ high of $18.51 with 1,500 shares changing hands, Lasco Distributors closed with 193,650 units trading to end at $7 for a 6 cents loss. Lasco Financial declined by 15 cents to end at $2.95 with 279,491 shares changing hands, Lasco Manufacturing ended trading with 297,431 shares and fell 40 cents to close at $4.20, Medical Disposables traded 477,623 shares to close with a loss of 1 cent at $3.39, and Paramount trading closed with a 6 cents gain at $11.30 with 45,437shares trading.

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Junior stocks in sharp downturn – Friday

February 19, 2016 by

Access Financial traded at a new high of $20

Access Financial traded at a new high of $20

The junior market faltered again on Friday with 11 declining stocks and 4 advancing leading to a big 2.59 percent fall in the index of 58.00 points to end at 2,182.63 with 18 securities trading 2 of which ended at 52 weeks’ highs. The market ended with 1,035,881 units changing hands, valued at $5,711,682.98.
At the close, 1 security ended with no bid to buy and 7 securities had no stocks being offered for sale. There were 6 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, Access Financial traded 12,600 units to gain $3.20 and end at a 52 weeks’ high of $20, AMG Packaging dropped $1.50 while 52,672 units changed hands, to end at $14, Blue Power traded 10,498 shares and fell $1.50 to end at $9.50, CAC 2000 had 4,000 shares changing hand, to close at $7.02 after shedding 33 cents. Cargo Handlers traded 2,289 units at $40.30, Caribbean Cream rose by 35 cents while trading 70,000 shares to close at $4.50. Caribbean Producers lost 1 cent with 35,300 units changing hands, to close at $5.49, Consolidated Bakeries traded 220,000 units to close with a fall of 9 cents at $1.70, Derrimon Trading ended with only 125 shares changing hands and closed at a $4.90 after slipping by 10 cent. JM sum 19-2-16Dolphin Cove traded 7,500 shares at $15.61, General Accident traded 32,302 units at $2 to lose 12 cents, Honey Bun ended with 24,947 units changing hands to end at $13.50. Jamaican Teas had 65,554 shares trading with a loss of 67 cents to close at $7.13, KLE Group gained 30 cents and ended at a 52 weeks’ high of $2.80 with 60,764 shares changing hands, Lasco Distributors closed with 198,317 units trading to end at $7.30 for a 20 cents loss. Lasco Financial declined by 10 cents to end at $3.40 with 107,725 shares changing hands, Lasco Manufacturing ended trading with 107,788 shares and fell 40 cents to close at $4.20 and tTech closed with a 15 cents gain at $5 with 22,000 shares trading.

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Falling junior stocks down on Thursday

February 18, 2016 by

AMG drops $2.50 on Thursday

AMG drops $2.50 on Thursday

The junior market faltered again on Thursday with 6 declining stocks and 3 advancing leading to a fall in the index 12.27 points to end at 2,240.63 with 17 securities trading. The market ended with 506,784 units changing hands, valued at $2,772,838.
At the close, 2 securities ended with no bid to buy and 7 securities had no stocks being offered for sale. There were 6 stocks closing with bids that were higher than their last selling prices and 1 ended with a lower offer.
The bid on Access Financial is $18.20 to buy 12,600 units versus the last trade at $16.80 and the lowest offer is at $23.49 to sell 15,150 units.
In trading, AMG Packaging dropped $2.50 while 7,373 units changed hands to end at $15.50, CAC 2000 had 30,760 shares changing hand, to close at $7.35, Caribbean Cream fell 6 cents while trading 61,890 shares to close at $4.15. Caribbean Flavours ended with 11,285 units changing hands with a gain of 10 cents to end at $8.60, Caribbean Producers lost 35 cents with 350 units changing hands, to close at $5.50, Consolidated Bakeries traded 57,380 units to close with a rise of 1 cent at $1.79, Derrimon Trading ended with 3,800 shares changing hands and closed at a $5. General Accident traded 4,198 units at $2.12 to gain 2 cents, Honey Bun lost 10 cents as 24,270 units changed hands to end at $13.50. JM sum 18-2-16Jamaican Teas had 4,688 shares trading to close at $7.80, KLE Group ended at $2.50 with 134,981 shares changing hands, Lasco Distributors closed with 73,795 units trading to end at $7.50 for a 29 cents loss. Lasco Financial declined by 2 cents to end at $3.50 with 23,307 shares changing hands, Lasco Manufacturing ended trading with 31,622 shares and fell 10 cents to close at $4.60. Medical Disposables traded 4,767 shares to close at $3.51, Paramount trading ended with 5,000 units changing hands at $11.30 and tTech closed at $4.85 with 8,996 shares trading.

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11 junior stocks fall 1 rise – Wednesday

February 17, 2016 by

Honey Bun closed at a 52 weeks' high on Wednesday.

Honey Bun closed at a 52 weeks’ high on Wednesday.

The junior market fell badly on Wednesday with 11 declining stocks and only 1 advancing leading to a fall in the index 26.12 points to end at 2,252.90 with 18 securities trading. The market ended with 876,572 units changing hands, valued at $3,718,863.
At the close, 2 securities ended with no bid to buy and 7 securities had no stocks being offered for sale. There were 8 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
The bid on Access Financial is down to $18.10 to buy 12,600 units versus the last trade at $16.80 and the lowest offer is at $23.49 to sell 15,150 units but the stock has not traded for several days.
In trading, AMG Packaging dropped $1.15 while 7,373 units changed hands to end at $18, CAC 2000 had 4,200 shares changing hands to close at $7.35, C2W Music traded 6,277 shares at 45 cents, Caribbean Cream fell 19 cents while trading 133,960 shares to close at $4.21, Caribbean Flavours ended with 3,083 units changing hands at $8.50. Caribbean Producers lost 35 cents with 4,500 units changing hands, to close at $5.50, Consolidated Bakeries traded 51,332 units to close with a fall of 1 cent at $1.78, Derrimon Trading ended with 270,000 shares changing hands and closed at a $5. Dolphin Cove lost 39 cents in trading 3,300 units at $15.61, JM sum 17-2-16General Accident traded 133,703 units at $2.10 to shed 25 cents, Honey Bun rose 52 cents as 100 units changed hands to end at a 52 weeks’ high of $13.60. Jamaican Teas fell 20 cents while trading 21,631 shares to close at $7.80, Lasco Distributors closed with 5,323 units trading to end at $7.79. Lasco Financial declined by 17 cents to end at $3.52 with 65,300 shares changing hands, Lasco Manufacturing ended trading with 53,450 shares and fell 20 cents to close at $4.70. Medical Disposables traded 3,233 shares to close with a loss of 1 cent at $3.51, Sweet River ended with 100,000 units changing hands at $4 and tTech closed at $4.85 with 9,807 shares trading after losing 5 cents.

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Juniors suffer a fall on Tuesday

February 16, 2016 by

Derrimon closed at new 52 weeks' high on Tuesday.

Derrimon closed at new 52 weeks’ high on Tuesday.

The junior market gave back most of the gains it enjoyed on Monday, with a fall of 34.64 points to end at 2,279.02 with 16 securities trading, down from 22 on Monday with 7 declining and 4 rising. The market ended with 2 stocks closing at a new 52 weeks’ as 1,008,928 units changed hands, valued at $4,603,766.
At the close, 1 security ended with no bid and 7 securities had no stocks being offered for sale but there are strong signs of the possibility of a move forward, as 6 stocks closed with bids that were higher than their last selling prices and one ended with a lower offer.
The bid on Access Financial has now climbed to $19 to buy 12,600 units versus the last trade at $16.80 and the lowest offer is at $23.49 to sell 15,150 units.
In trading, AMG Packaging lost 84 cents while 1,374 units changed hands to end at $19.15, CAC 2000 had 1,540 shares changing hands to close at $7.35, Caribbean Cream fell 25 cents while trading 36,350 shares to close at $4.40, Caribbean Flavours lost 5 cents and ended with 22,000 units changing hands at $8.50. Caribbean Producers lost 5 cents with 90,000 units changing hands, to close at $5.85, Consolidated Bakeries traded 54,570 units to close with a rise of 4 cents at $1.79, Derrimon Trading ended with 162,700 shares changing hands and closed at a new 52 weeks’ high of at $5, for a gain of 35 cents. General Accident traded 320,806 units at $2.35 to gain 20 cents,JM sum 16-2-16r Honey Bun rose 8 cents as 21,410 units changed hands to end at a 52 weeks’ high of $13.08. Jamaican Teas rose 20 cents while trading 47,795 shares to close at $8, KLE Group lost 25 cents to end at $2.50 with 10,000 units trading, Knutsford Express with 10,000 shares changing hands, closed at $17.50, Lasco Distributors closed with 56,362 units trading, but fell 21 cents to end at $7.79. Lasco Financial declined by 1 cent to $3.69 with 39,711 shares changing hands, Lasco Manufacturing ended trading with 114,310 shares and regained 90 cents to close at $4.90 and tTech closed at $4.90 with 20,000 shares trading.

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Juniors’ big day with 17 gains – Monday

February 15, 2016 by

Knutsford Express traded at a new all-time high of $18.50 on Monday.

Knutsford Express traded at a new all-time high of $18.50 on Monday.


The junior market enjoyed a strong rebound in trading on Monday with 22 securities trading, 17 of which advanced, 3 declined. The market ended with index having 45.92 points to end at 2,313.78 as 7 stocks closed at a new 52 weeks’ as an unusually large volume of 19,268,579 units changed hands, valued at $109,445,668.
At the close, 2 securities ended with no bid to buy and 8 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 3 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
Access Financial has not traded for a while and closed with a bid at $18.60 to buy just 2,000 units, 12,600 units at $18.59 and 2,650 units at $18. Bids remain at $17.60 to buy 16,500 units, at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, all above the last trade at $16.80. There are three offers posted at the close, at $23.49 to sell 15,150 units, 3,000 units at $23.50 and one at $27 for 5,000 units.
In trading, AMG Packaging lost 1 cent while 860,957 units changed hands, to end at $19.99, CAC 2000 had 15,500 shares changing hands to close 35 cents higher at an all-time high of $7.35 with, C2W Music traded 45,223 shares but lost 2 cents to end at 45 cents. Cargo Handlers gained $1.30 to close at an all-time high of $40.30, as 4,000 units changed hands, Caribbean Cream rose 50 cents while trading 43,962 shares to close at $4.65, Caribbean Flavours ended with 750,363 units changing hands at $8.50, Caribbean Producers gained 40 cents with 8,823 units changing hands to close at $5.90. Consolidated Bakeries traded 4,600 units to close with a rise of 4 cents at $1.79, Derrimon Trading ended with 3,732,015 shares changing hands and closed at a new 52 weeks’ high of at $4.65 for a gain of 10 cents, Dolphin Cove rose 28 cents and ended with 35,670 shares trading at $16, General Accident Insurance traded 4,801,700 units at $2.15 to gain 5 cents, Honey Bun rose 92 cents as 15,705 units changed hands to end at a 52 weeks’ high of $13. Jamaican Teas rose 20 cents while trading 116,703 shares to  close at a 52 weeks’ high of $8, KLE Group ended at $2.75 with 12,220 units trading, JM sum 15-2-16 Knutsford Express with 1,139,354 shares changing hands, closed with a gain of 50 cents at a 52 weeks’ closing high of $17.50, the stock traded as high as $18.50 during the day. Lasco Distributors closed with 335,916 units trading, but rose 50 cents to end at $8, Lasco Financial gained 70 cents to $3.70 with 2,528,860 shares changing hands, Lasco Manufacturing ended trading with 4,744,503 shares and lost 94 cents to close at $4, Medical Disposables gained 2 cents and ended trading with 48,000 units at $3.52. Paramount Trading rose by 10 cents to end with 1,817 shares changing hands at $11.30, Sweet River ended with 1,388 units changing hands at $4 after rising 10 cents for a 52 weeks’ high and tTech closed with a gain of 30 cents at $4.90 with 21,300 shares trading.

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Lasco Manufacturing profit jumps

February 14, 2016 by

Bottle heating machine at Lasco Manufacturing.

Bottle heating machine at Lasco Manufacturing.


Profit at Lacso Manufacturing before tax jumped 79 percent to $764 million for the nine months ended December 2015, this compares with $426.3 million for the same period in 2014, while profit for the quarter increased 69 percent over the same period in 2014 to $267 million before provision of $35 million of corporate taxation.
The strong improvement flowed from 45 percent jump in revenue for the nine months from $4.83 billion, for an increase of $1.5 billion or over prior year’s $3.33 billion. Revenue for the quarter rose by a slightly slower 39 percent from $1.25 billion in 2014 to $1.74 billion in 2015. Gross profit for the nine months rose from $892 million in 2014 to $1.60 billion in 2015, an increase of $703 million or 79 percent in line with the increased profit. For the quarter, gross profit rose by $257 million or 89 percent from $290 million in 2014 to $548 million in 2015 but increased interest and depreciation cost associated with the new factory ate up proportionately more of the revenues than other cost.
One of Lasco's new products

One of Lasco’s new products


Operating expenses for the nine months to December 2015 rose by 82 percent or $313 million over prior year’s $383 million to hit $696 million, due to increases in staff compliment, marketing expenses and new products development costs. For the quarter to date, operating expenses were $220 million compared to $89 million in prior year.
Earnings per share for the nine months ended December 2015 rose from 10 cents for the same period prior year to 18 cents and should hit 29 cents for the full year and close to $1 in 2017. The stock which trades at $5 on the Jamaica Stock Exchange junior market, is selling above the market average, at PE of 17 times current fiscal year’s earnings. With new products now being produced, revenues and profit should continue to increase in the next fiscal year which would ensure that the current PE is not all that high but the stock make bounce around for a while until the next set of results are known.
The company generated gross cash flow from operations of $994 million versus $509 million in 2014 even as receivables rose to $2 billion inclusive of prepayment and deposit on equipment of nearly $600 million, compared with $897 million at the end of 2014 and $1.1 billion at the March year-end. Fixed assets net of depreciation swelled to $3.1 billion from $1.1 billion at March 2014 as capital work in progress fell from $2.26 billion to only $400 million. Cash funds grew to $372 million from just $50 million in 2014 but borrowings jumped to $2.15 billion including overdraft of $641 million from $1.38 billion at March 2014.

Filed Under: Buy Rated, Company News, Company Results Tagged With: , ,

Big gains for Juniors on Monday

February 8, 2016 by

CAC 2000 closed at new high of $6.76 on Monday.

CAC 2000 closed at new high of $6.76 on Monday.

The junior market made strong gains at the closed on Monday with 15 securities trading, 5 of which advanced, 4 declined. The market ended with index rising 36.81 points to end at 2,300.38 as 2 stocks closed at a new 52 weeks’ high as 852,832 units changed hands, valued at $4,342,372.
At the close there are a few interesting bids, Access at $17.50 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 890 units, the last sale was at $39 and Honey Bun with the bid at $10.65 against a last sale price of $10.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.50 with a mere 100 units changing hands, to end at a new 52 weeks high of $21.50, CAC traded 2,999 units at an all-time high of 6.75 after gaining 5 cents, C2W traded 40,000 shares at 49 cents, Caribbean Cream fell 5 cents in trading 93,873 shares to close at $4.70. Caribbean Flavours ended with 13,500 units changing hands at $8.50 to gain 40 cents, Caribbean Producers rose 40 cents in trading 13,500 units to close at $5.90, Consolidated Bakeries traded 79,264 units to close at $1.60, General Accident fell 5 cents in trading 21,835 shares to close at $2.10. JM sum 8-2-16KLE Group ended at $2.75 with 4,000 units trading. Lasco Distributors closed with 177,571 units trading at $7.80, Knutsford Express closed with 13,450 units changing hands at $17.25, Lasco Distributors gained 10 cents in trading 225,255 units to close at $7.90, Lasco Financial closed with a loss of 15 cents at $4.10 with 225,203 shares changing hands. Lasco Manufacturing ended trading with 72,166 shares to close at $5, tTech closed with a 14 cents fall at $4.61 with 37,187 shares trading and Eppley 10% preference share traded 21,000 units at $6.10.

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Juniors lost ground on Friday

February 5, 2016 by

Honey Bun tclosed at a 52 weeks' high on Friday.

Honey Bun closed at a 52 weeks’ high on Friday.

The junior market declined mildly at the closed on Friday with 17 securities trading, 8 of which advanced, 3 declined. The market ended with index falling 11.14 points to end at 2,263.57 as 3 stocks closed at a new 52 weeks’ highs. At the close there are a few interesting bids, Access at $18 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 3,700 units, the last sale was at $39 and Honey Bun with the bid at $10.27.
The volume of 1,152,213 units changed hands, valued at $5,608,634. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.20 with a mere 1,963 units changing hands, to end at a new 52 weeks high of $20, C2W Music traded 12,118 shares at 49 cents, Caribbean Cream traded 30,281 shares to close at $4.75, Caribbean Flavours ended with 37,360 units changing hands but fell 40 cents to $8.10. Caribbean Producers rose 40 cents in trading 26,510 units to close at $5.50, Consolidated Bakeries traded 156,510 units and gained 5 cents to close at $1.60, General Accident fell 3 cents in trading 53,100 shares to close at $2.15. Honey Bun responded to the release of results after trading on Thursday, showing a huge increase in sales and profit, to hit a 52 weeks’ high of $10 with 20,000 shares changing hands. Jamaican Teas traded 64,051 units at a new high of $6 as the price rose 40 cents, KLE Group ended at $2.75 with 18,100 units trading. JM sum 5-2-16Lasco Distributors closed with 177,571 units trading at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million for the nine months to December last year, up from $197 million. Lasco Financial closed with a gain of 9 cents at $4.25 with 72,150 shares changing hands. Lasco Manufacturing ended trading with 444,466 shares to close at $5, earlier in the morning session the stock traded as low as $4.50. Medical Disposables closed at $3.55 with 8,700 shares trading, Paramount Trading fell by 29 cents to end with 2,333 shares changing hands at $11.20, tTech closed with a 10 cents gain at $4.75 with 15,000 shares trading and Derrimon Trading 11.75% preference share traded 12,000 units but gained 6 cents to $2.16.

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