MailPac Group — Page 2

MailPac drops out of IC TOP 10

December 10, 2019 by IC Insider.com

Newly listed MailPac Group more than doubled in price, trading as high as $2.60 but closed the week at $2.22 and dropped out of the TOP Junior Market listing.
IC Insider.com has upgraded the average targeted PE to March 2020 based on the valuation of more than 22 times earnings, that the market has placed on several stocks currently.
Honey Bun also jumped ship after posting strong growth with full-year results showing profit rising 67 percent to hit $157 million from a 17 percent rise in revenues to $1.54 billion. The stock closed at $8, up from $7 last week, but traded at a record high of $9.20 on Friday. Honey Bun entered the TOP 10 in the first week in October at $6.15 and left with a gain of 30 percent, but it still has more gains ahead of it. tTech price fell to $5.35 and re-entered the TOP 10 along with Caribbean Flavours, with its price dropping from $17.90 last week to close at $15.64 to return to the TOP 10. PanJam Investment moved into the JSE Main Market Top 10 at the expense of Stanley Motta.
The past week was generally good for stocks as the JSE Main Market rose 4,691 points and the Junior Market climbed 89 points. The Junior Market movement was partially helped by the steep rise in the price of MailPac, from the IPO price of $1. Importantly, the Junior Market has made a sharp break out of a downward sloping channel that started after the market peaked in Mid-August. It now seems to be heading higher, with a healthy break out of the channel.
IC Insider.com has upgraded the target PE ratios to 25 with several stocks trading at that around 22 currently. The average projected gains for the IC TOP 10 stocks are 187 percent for Junior Market stocks and 145 percent for JSE Main market Top 10 shares.
Medical Disposables lead the top three Junior Market stocks with projected gains of 257 percent, followed by Main Event with potential profits of 246 percent and Lumber Depot with 233 percent.
Radio Jamaica is the lead stock with projected gains of 247 percent, followed by Pulse Investments in the number two spot with a projected growth of 164 percent and Carreras with a likely increase of 111percent is next.
The JSE Main Market closed the week, with an overall PE of 21.5 and the Junior Market at 14.6, an improvement over the previous week’s 14.2, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.9 from 8.7 last week with the Main Market PE at 10.5.
The TOP 10 stocks now trade at a discount of 39 percent to the average for Junior Market stocks and JSE Main Market stocks trade at a discount of 51 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Possible values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, MailPac Group, Main Event, Medical Disposables, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

MailPac set to jump

December 5, 2019 by IC Insider.com

MailPac shares were listed on Wednesday and closed at $1.32 for a rise of 32 percent, with less than 49,373 units traded.
The most recent information has the highest buying price at $1.72 for 305,000 shares, followed by 73,247 shares at $1.70 a lot of 26,388 units at $1.51 and 300,001 units at $1.50. At $1.49, there is buying for 60,357 units and at $140 to buy 4.37 million.
Selling starts at $1.35 with 24,092 shares, followed by 21,227 units at $1.44 and 21,227 at $1.45, with a total of 82 offers posted so far.
Trading in the early trading session on Thursday resulted in just 56,620 units changing hands at $2.10 at a PE ratio of 15. The maximum price that it can trade at for the day is $2.18. With the price movement to date, the stock has moved out of the IC Insider.com TOP 10 list.

Filed Under: Breaking News, Initial Public Offers Tagged With: Emerging markets, Jamaica Stock Exchange, Jamaican Stock, junior market, MailPac Group

Continued stability for IC TOP 10

December 1, 2019 by IC Insider.com

With the closing of the two initial public offers of MailPac Group and Lumber Depot last week, things started to return to more normally in the market this past week with the two main markets recording net gains for the week.
At the close of a week when the JSE Main Market put on125 points and the Junior Market rose 46 points there was minimal change to the IC TOP 10 list this week with just one change as Fontana returns to the top flight after a brief absence, replacing Caribbean Flavours with the price jumping to $17.90 on Friday. One important development at the end of the week was the release of full-year results, for Honey Bun, with profit rising 67 percent to hit $157 million from a 17 percent rise in revenues to $1.54 billion. Importantly, the company is on the way to earn 70 cents per share for 2020.
The average gains for the IC TOP 10 stocks are 136 percent for Junior Market stocks and 96 percent for JSE Main market Top 10 stocks.
The top three Junior Market stocks, is now led by Main Event with projected gains of 183 percent, followed by MailPac Group with 180 percent and Medical Disposables with potential gains of 167 percent.
Radio Jamaica remains the lead stock with projected gains of 186 percent, followed by Pulse Investments in the number two spot with projected growth of 138 and Berger Paints with likely gains of 120 percent and percent is next.
The JSE Main Market closed the week with the overall PE of 19 up from 18.8 and the Junior Market at 14.2, an improvement over the previous week’s 13.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 18.7 from 7.8 last week with the Main Market PE at 10.6 up from 10.4.
The TOP 10 stocks now trade at a discount of 39 percent to the average for Junior Market stocks and main market stocks trade at a discount of 44 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Company News Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, MailPac Group, Main Event, Medical Disposables, Proven Investments, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Greater stability for IC TOP 10

November 25, 2019 by IC Insider.com

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NCB Financial is back in IC TOP10

The past week saw the initial public offers for Mailpac Group and Lumber Depot coming to the market with both being fully subscribed.
There were just two changes to the IC TOP 10 list of stocks at the end of the week. NCB Financial makes it back into the TOP 10 at the expense of JMMB Group that rose in price to $46 while the Junior Market TOP 10 welcomed Dolphin Cove while saying goodbye to Fontana.
The top three Junior Market stocks, is now led by CAC 2000 with projected gains of 200 percent, followed by MailPac Group with 180 percent and Main Event, with potential gains of 179 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 127 and Berger Paints with likely gains of 116 percent and percent is next.
The main market, closed the week with the overall PE of 18.8 and the Junior Market at 13.8, based on the current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 with the main market PE at 10.4.
The TOP 10 stocks now trade at a discount of 43 percent to the average for Junior Market stocks and main market stocks trade at a discount of 45 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, MailPac Group, Main Event, Medical Disposables, NCB Financial Group, Proven Investments, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Major shakeup in IC TOP 10

November 18, 2019 by IC Insider.com

The past week saw the release of quarterly results by several companies and that helped in reshaping IC TOP 10 list of stocks for the coming week. The Junior Market TOP 10 has 5 changes and the main market just one.
Earnings downgrades and the announcement of new initial public offers were the main factors that resulted in the changes.
Mailpac Group and the Lumber Depot released prospectuses this past week, with both making it into the Junior Market TOP 10 list. Other notable changes to the Junior Market list are Caribbean Flavours, Fontana and Honey Bun that reentered the top list after weeks of absence. Dropping from the list are Iron Rock Insurance, Caribbean Producers and tTech, all of which suffered earnings downgrade.
Mailpac Group released its prospectus to sell 500 million shares at $1 each with earnings of 14 cents per share for a PE of 7 and potential gains of 180 percent. The Lumber Depot released its prospectus on Friday with a projected profit of $82 million or 16 cents per share.
JMMB Group released substantial gains in the half-year results that helped to propel it into the main market TOP 10 at the expense of Seprod. The latter suffered an earnings downgrade following the release of the nine months results.
The top three Junior Market stocks, is now led by Main Event with projected gains of 201 percent, followed by Medical Disposables with 186 percent and by new entrant MailPac Group, with a potential increase of 180 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 144 and Carreras with a likely increase in the stock price of 117 percent and percent is next.
The main market, closed the week with the overall PE of 17.6 and the Junior Market at 13.8 from 12.1, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 with the main market PE at 10.5.
The TOP 10 stocks now trade at a discount of 42 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, MailPac Group, Main Event, Medical Disposables, Proven Investments, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

MailPac Group IPO gains IC buy rating

November 14, 2019 by IC Insider.com

Mail Pac Group and shareholders are selling 500 million shares at $1 each to raise $500 million with the offer opening on November 22. Applications from the general public must be for a minimum of 10,000 shares.
The general public will be allowed to purchase just 6 percent or 150 million of the total issued share capital of 2.5 billion units that will be issued, following the close of the issue.
MailPac Group was formed late in 2019 and acquired Mailpac Services Limited and Mailpac Local Limited from Norbrook Equity Partners, majority shareholders, to amalgamate both logistics platforms into one operating business.
Profit is expected to reach $282 million in the 12 months to December this year based on results of the business operations for 2019 and will result in 14 cents earnings per share and a PE ratio of just seven times 2019 earnings and compares favourable with the average for the Junior Market of over 12 .5.
The company projects a profit of $317 million in 2020, but IC Insider.com is forecasting $356 and 14 cents per share. The stock receives the coveted IC Insider.com Buy Rated grading, with the price doubling by 2020.
The company enjoyed growth in revenues of 12.2 percent in 2017 and 25.7 percent in 2018 and 28.8 percent for the first half of 2019.
Before the acquisition mentioned above, the businesses in 2018 grew revenues to $969 million and $851 for the first three-quarters of 2019. Net income for the same periods was $213 million and $203 million, respectively. Mailpac Local Limited operated for seven months in 2018.
The Company intends to apply to the JSE for listing on the Junior Market subject raising at least $495 million. Proceeds are for general corporate purposes, including working capital and capital expenditure re and to settle existing debt obligations the selling shareholder assumed on behalf of the Company.
According to the company, Mailpac Services offers over 20 years of expertise in e-commerce fulfillment. With a rapidly growing client base of over 50,000 consumers in Jamaica, the business, a technological fulfillment platform for anyone shopping online. MGL’s core offering provides clients with physical addresses in Miami, Florida, where they can receive all goods purchased from international providers. Deliveries to the 55,000 square foot Florida warehouse are flown to Jamaica by a third-party cargo plane. MGL clears all items and delivers them to the customers at their homes or businesses or customers may collect packages at any of the company’s eleven stores islandwide.
The directors of the company are Khary Robinson, Executive Chairman, Mark Gonzales Executive Director & CEO, Garth Pearce Director, William Craig Independent, Non-Executive Director Tracy-Ann Spence Independent, Non-Executive Director. In the interest of good corporate governance, the board would do well to appoint an independent non-executive director as the chairman.