Derrimon Trading Company ended with 40,051,505 shares valued at $155 million changing hands in only 7 lots, to close at a new closing high of $3.80 after gaining 1 cent.
Information is that a former shareholder acquired 40 million shares from a connected party. The only connected parties with that amount of shares, are Derrick Cotterell with 110,000,000 and Monique Cotterell with 40,000,000. Monica Bell mother to Derrick Cotterell also owns 40,000,000 shares or just under 14.6 percent of the issued ordinary shares, but she is not listed as a director of the company but would be regarded as a connected party.
The junior market closed on Thursday with 12 securities trading of which 7 advanced and 2 declined and 3 closed at new 52 weeks’ high. The junior market index gained 9.08 points to 1,636.95 with 43,233,932 units, valued at $166,308,887 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 9 cents at $14.11 with 2,000 units changing hands, AMG Packaging traded 24,074 units at $7 but traded at a new high of $7.50 in the morning session. Caribbean Cream closed at $3.27 to gain 47 cents with only 3,000 units changing hands. The stock closed with a bid to buy 40,000 units at $3.50 after attempts were made to trade over 1 million shares at $3.80. The trades were cancelled as the price would exceed 15 percent permitted for the day, with less than an hour of trading remaining, to allow for the unfreezing of the stock. Caribbean Flavours rose 3 cents with 22,345 shares changing hands at a new 52 weeks’ high of $9 after hitting $9.30 earlier, General Accident ended with 62,300 shares changing hands at $1.94, for a loss of 10 cents, KLE Group traded at a new 52 weeks’ high of $1 after gaining a5 cents with 3,000 shares changing hands. Lasco Distributors closed with 206,600 shares changing hands at $4.35 after falling by 20 cents, Lasco Financial closed at $3, with 204,662 shares changing hands, Lasco Manufacturing gained 1 cent and closed at $3.31, with 2,652,146 shares trading. Paramount Trading ended with 2,000 shares changing hands at $9 and Eppley 10% preference share, ended with 300 units changing hands at $6.02.