Trading took a breather from mildly greater robustness on Wednesday, with action in OneonOne moderating with trading in 11.35 million shares, down from 35.5 million on Wednesday, with price coming from the record high of $2.50 on Tuesday to $1.90 as the Junior Market dropped 75.97 points to 4,229.98 after just eight Junior Market stocks rose and 24 declined.
The JSE Combined Index a measure of the overall market, rallied 354.57 points to 375,064.09.
The All Jamaican Composite Index advanced 2,591.81 points to 410,394.66, the JSE Main Index declined 1,117.23 points to 360,448.00 and the JSE USD market Index slipped 0.35 points to 207.18.
Trading ended, with 41,790,814 shares changing hands with a value of $181 million, down from $287 million, with 62,385,335 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$8,146 from US$17,613 on Wednesday.
The market’s PE ratio ended at 22.7 based on 2021-22 earnings and 12.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Action slows in OneonOne
OneonOne tops at $2.50 on Tuesday
OneonOne traded 33 million shares on Tuesday up to a record high of $2.50 and closed just below $2.40, to record a gain of 140 percent since listing last week as the Junior Market rallied a mere 4.95 to close at 4,303.70. The JSE Combined Index a measure of the overall market, declined by 848.85 points to 373,587.47.
The All Jamaican Composite Index advanced 262.34 points to 406,712.92, the JSE Main Index declined 956.79 points to 358,151.39 and the JSE USD Market Index rose 2.48 points to 208.88.
Trading ended, with 50,676,469 shares changing hands with a value of $167.9 million, up from just $147.88 million, with 32,345,299 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$100,540 from US$31,910 on Monday.
The market’s PE ratio ended at 23.1 based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
OneonOne jumps 132% in 3 trading days
Newly listed OneonOne jumps 57 cents on Monday to gain 132 percent since listing last and was one of the major contributors to the Junior Market strong rally of 82.22 n on top of the 72.17 points picked on Friday to close at 4,298.75.
Other than the Junior Market the Jamaican Stock Exchange slipped at the close of trading on Monday with the JSE Combined Index a measure of the overall market, declining by 123.56 points to 374,436.32. The All Jamaican Composite Index dipped 2,145.65 points to 406,450.58, the JSE Main Index declined 930.64 points to 359,108.18 and the JSE USD market Index dipped 0.51 points to 206.50
Trading ended, with 32,345,299 shares changing hands with a value of $147.88 million, up from just $140 million, with 29,436,283 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$31,910 from US$16,693 on Friday.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
ONEonONE up 32% on debut
The Jamaica Stock exchange welcomed its 100 company listing on Thursday, with OneOnOne Educational listed on the Junior Market with the price rising 32 percent on its opening day to close at $1.32 the maximum permitted for the day but the stock closed with strong demand at the closing price and little selling under $2.
Ricardo Allen CEO of One to One
At the close of trading, the JSE Combined Index, a measure of the overall market, rose 1,153.03 points to 374,578.03. The All Jamaican Composite Index popped 561.84 points to 408,944.09, the JSE Main Index rallied 1,464.43 points to 360,759.12, the Junior Market Index slipped 23.69 points to 4,144.36 and the JSE USD Market Index rose 8.22 points to 213.78.
Trading ended with 50,351,650 shares changing hands with a value of $504.95 million, versus $1.1 billion, with 96,932,851 shares traded in the overall market on Wednesday. The JSE USD market ended with the value of stocks traded at US$24,695 and US$6,401 on the previous trading day.
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.4 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Heavy demand for ONE on ONE
OneonOne Education Services is now listed with heavy demand at $1.30 currently from 302 bids total bids at $1.30 for 15.8 million shares.
The bids are now at $1.30, the maximum it can trade at in the first hour of trading and after that $1.32 the maximum for the day, offers are effectively in at $1.30 and over
The stocks appear to be heading for the $2 range by early next week as buyers jostle to pick up stocks. The stocks went to market in early August to sell 380 million units up to $1 each and the issue was heavily oversubscribed.
Trading will commence at 9:30 and trading in the stocks will be suspended immediately after opening and will resume an hour time after.
After the trading commenced investors exchanged just 14,238 shares at $1.30 leaving 16.58 million units on the bid at $1.30 with trading in the stocks halted until 10.30 am.
1on1 Junior Market 50th listing
Ricardo Allen CEO of One to One
Trading in ONEonONE Educational Services shares will commence today on the Junior Market of the Jamaica Stock Exchange after a successful Initial Public offer of 380 million shares up to $1 each at the beginning of August.
The listing will bring the number of Junior Market companies to 46 and it will be the 100th listed company on the Jamaica Stock Exchange. It will also represent the 50th company to list on the Junior Market since the first listing of Access Financial Services in 2010.
Sweet River Abattoir was delisted after failing financially and Eppley, Key insurance and Caribbean Producer migrated to the Main Market.
The stock is expected to trade at the maximum price permissible today at $1.32 and $1.74 on Friday providing it closed today at $1.32.
Solid performance for JSE market on Friday
The Jamaica Stock Exchange enjoyed another day of solid gains at the close of trading on Friday with reports indicating the refunds for the recent ONEonONE IPO have started leading to increased trading with all markets recording sizable gains, resulting in the JSE Combined Index a measure of the overall market, jumping 2,335.46 points to 376,467.22.
The All Jamaican Composite Index rose 2,977.43 points to 412,677.51, the JSE Main Index climbed 1,783.83 points to 362,545.21, the Junior Market Index jumped 74.23 points to 4,168.38 and the JSE USD market Index rallied 7.51 points to 213.53.
Trading ended with 28,384,275 shares changing hands with the value at $213 million, compared to $108.5 million, with 20,473,076 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$13,332 versus US$59,481 on the previous day of trading.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 12.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Public gets 2% of IPO share-allocation
The pull of initial public offers continues with some 15,000 applicants going after the One on One Educational Services public share issue of 380 million Ordinary Shares resulting in the general public getting, on average, just over 2.2 percent of shares applied for.
Based on the prospectus, the stock should be listed within one week of the closing date. Accordingly, the shares should be listed this coming week on the Junior Market of the Jamaica Stock Exchange and should be greeted by strong buying interest that seems set to push the price to the two dollar region. One on One will bring the companies listed on the Junior Market to 46 and will be the 50th company to list on the Junior Market since the commencement of that market in 2010, when Access Financial was listed as the first. It will be the 100 companies listed on the Jamaica Stock Exchange.
General Pool received the first 5,000 units plus a pro-rata allocation of approximately 2.23 percent of the excess.
Ricardo Allen CEO of One to One
Investors in the Convertible Loan Conversion and the Key Strategic Partners pools received a full allocation of the shares. Applicants in the Sagicor Pool received the first 450,000 units plus a pro-rata allocation of approximately 1.11 percent of the balance of the excess. Teachers and Trainers got the first 80,000 units plus a pro-rata share of around 3.47 percent of the excess applied for. Applicants in the Employees Pool receive the first 500,000 units plus a pro-rata allocation of approximately 69.83 percent of the rest.
A total of 108.75 million shares were allocated to the owners of Convertible Loans at 80 cents each, 60 million shares for the Key Strategic Partners, 30 million units each for the Sagicor reserve Pool, the Teachers and Trainers Pool and the Employees Reserve Share Pool and 121.25 million shares for the general public at $1 per share.
