Palace more than doubles, Regency gains 32%

December 15, 2022 by

Palace Amusement jumped just over $268 on Thursday to $1,354.75 and has risen 118.5 percent since Monday in response to a proposed stock split. Elsewhere, the recent IPO, Regency Petroleum was listed on the Junior Market and traded at $1.32 for a gain of 32 percent and closed with the bid for 3.6 million shares at 41.32. At the close of the market, the volume and value of stocks traded declined from that on Wednesday.
The Main Market of the Jamaica Stock Exchange recorded gains in the market indices but the Junior Market and JSE USD markets dipped at the close.
At the close, the Combined Market Index popped 480.40 points to 352,510.10, the JSE Main Index gained 850.19 points to 339,805.69, the All Jamaica Composite Index rallied 1,068.13 points to 382,174.42, the Junior Market lost 34.08 points to close at 3,869.73 and the JSE US dollar market dipped 0.13 points to 228.96.
Trading ended, with 11,071,300 shares changing hands, for $68.76 million, versus $266.2 million, with 12,607,683 shares traded in all markets on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$5,493 from US$5,795 on Tuesday.
The market’s PE ratio ended at 22.6 based on 2021-22 earnings and 12.8 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.

 

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , , , , ,

Lasco Financial & 138SL now Stocks to Watch

November 14, 2022 by

Lasco Financial and 138 Student Living are added to the Stocks to Watch list following release results recently showing increasing profits over 2021, both stocks are on the ICInsider.com TOP10 list.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakeries, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, Medical Disposables, NCB Financial, One on One, Palace Amusement, Paramount Trading, Scotia Group, Stationery and Office Supplies and Wisynco Group
Major factors to consider going forward. The rebound in tourist arrivals only came to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.

Persons who compiled this report may have an interest in securities commented on.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Medical Disposables now a Stock to Watch

October 31, 2022 by

One on One Education climbed 11.4 percent during the past week to close at $1.66 following addition to the Stocks to Watch list while Knutsford Express climbed back to close at $9.10 from $8 at the end of the previous week and hit a new 52 weeks’ high of $9.75 on Thursday.

Medical Disposables

Medical Disposables dropped out of the ICTOP10 into the Stocks to Watch, but this publication gathers that the half year results due out by next week will continue to reflect increased cost outpacing the rise in sales. ICInsider.com forecast is for increased profits for the year to March 2023 at 75 cents per share which is likely to eventually push the stock price higher and trigger a stock split in 2023.
Buffetted by the closure of the entertainment business in 2020, Palace Amusement had another tough two years, with the 2022 fiscal year ending with a loss of $257 million, down from a loss of $383 in 2021. The improved result was mainly occasioned by a small profit of $12 million in the final quarter as revenues climbed to $275 million in the fourth quarter bettering the $106 million generated in all of the 2021 fiscal year. Revenues in the fourth quarter were well up on the third quarter with $142 million. The much improved June quarter revenue is still some distance from the $338 million generated in the June 2019 quarter, with a profit then of $36 million, but the 2022 results suggest that the company is not far from getting back to normal levels and if so could boost the stock price, currently in the $800 range and by far the highest priced ordinary share on the market currently.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, Medical Disposables, NCB Financial, One on One, Palace Amusement, Paramount Trading, Scotia Group and Stationery and Office Supplies.

Palace Portmore cinema

Based on recent releases of quarterly results Caribbean Assurance Brokers should be releasing nine months’ results this week that should reflect record earnings, which could move the stock price. The same goes for Lasco Distributors and Lasco Manufacturing and Stationery and Office Supplies should report nine months’ results around November 11.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.

Persons who compiled this report may have an interest in securities commented on.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

The Show Goes On at Palace

July 8, 2020 by

After unprecedented closure of nearly four months, Jamaica’s sole nationwide cinema operators, Palace Amusement reopens its cinemas in Kingston and Montego Bay today with Half of Specials at the Early Show and on Thursday at the Evening Show.
Due to the current curfew, Early Shows will now start at approximately 4:45 pm and Evening Shows at 7:45 pm,
The Company has been granted a provisional 14-day period to resume operations by government, with mandatory health requirements to mitigate the spread of COVID-19.
Marketing Manager, Melanie Graham says Palace Amusement welcomes the opportunity to reopen after a painful but necessary closure. Palace is ready with a new operational model designed for the safety of its patrons and staff.
The Company will sell approximately 60 percent of capacity, to maintain safe social distancing for patrons seated in its auditoriums. Patrons will be required to wear masks and observe social distancing in queues at the box office and concession. A maximum of four persons from the same household will be able to sit together as a group.  Individual patrons or groups, will be separated by a gap of two seats, among other safety measures as stipulated by the authorities. Sanitisation stations will be set up at convenient points throughout the cinemas and cleaning and sanitisation will be ramped up between shows to ensure a safe and relaxed atmosphere for all. The company stated.
Movies Opening Today My Spy– Breaking all the Rules  with Jamaica’s Parisa Fitz-Henley playing Kate, a single mother to her nine-year-old daughter, Sophie (Chloe Coleman). My Spy is an action-comedy directed by Peter Sega. I Still Believe – Hope in midst of tragedy. From the makers of I Can Only Imagine comes the true life story of Christian music mega star Jeremy Camp and his remarkable journey of love and loss that proves that faith tested is the only faith worth sharing. strong>I Still Believe is a 2020 American Christian musical romantic drama directed by the Erwin Brothers and starring KJ Apa, Britt Robertson, Shania Twain, Melissa Roxburgh, and Gary Sinise and Bloodshot and Bad Boys for Life.

Filed Under: At the Movies Tagged With: ,

9 JSE Main Market stocks double in 2019

January 1, 2020 by

Last year was a mixed one for investors in the Jamaican stock market. On the one hand, Investors in Main Market stock enjoyed gains of more than 30 percent for the second year in a row, but Investors in Junior Market Stocks had far less to cheer about with a market rise of 3 percent.
Ten JSE Main Market stocks doubled in price in 2019 with the Jamaica Stock Exchange ordinary share leading the group with a gain of 177 percent with the Main market rising 34.3 percent for the year, upon the 31.7 percent rise in 2018.
VM Investments rose 120 percent to hold down the number two spot followed by Sygnus Credit Investments,  Wisynco Group and Radio Jamaica. All three ended up on the worse 10 performing stocks in 2018 along with Proven Investments, the 10th best performer in 2019, with a 93 percent gain. Palace Amusement stock gained 100 percent, in 2019 and is the only 2018 TOP 10 stock to reappear in the top 10, in 2019. In 2018, it came in at number 3 best performing stock, compared to eight position in 2019. Palace has a remarkable record of more than doubling in each year, from 2016 to end in the TOP 10 for all of them

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , , , , , ,

5 new IC TOP 10 BUY RATED

August 19, 2019 by

The past week, was fairly quiet for Jamaica Stock Exchange with earnings season for the second quarter just about ended.
In the process, both markets reached new highs before pulling back to close the week below the record highs achieved earlier. The market activity led to a number of changes to the TOP 10 list. Consolidated Bakeries reported disappointing results for the June Quarter from strong growth in revenues and resulted in a downgrade in projected earnings, the stock along with CAC2000 and Caribbean Flavours fell from the Junior Market TOP 10. General Accident reported strong revenues and profit increase for the June quarter and half-year, resulting in earnings upgrade to 80 cents per share for the year and putting it back in the TOP 10 along with Caribbean Cream and Lasco Financial that fell under $5 on Friday.
In the Main Market TOP 10, late bloomer, Sygnus Investments fell in price along with Seprod and return to the main market TOP 10, replacing by Pulse Investments and Palace Amusement.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 240 percent, followed General Accident with projected gains of 171 percent and by Iron Rock with likely gains of 167 percent.
Radio Jamaica with projected gains of 198 percent leads the main market followed by Berger Paints and Carreras with potential gains of 121 percent each.
The main market closed the week with the overall PE of 17 and the Junior Market inched higher to 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 and the main market PE is now 10 3. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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: , , , , , , , , , , , , , , , , , , , , , , , ,

6 new Junior Market TOP 10 stocks

August 12, 2019 by

Carreras heads main market TOP10.

The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Several IC TOP 10 changes

August 4, 2019 by

The Jamaica Stock Exchange saw new record highs for the main and Junior Market, with attention moving decisively in favour of the latter that lagged the main market for the greater part of the year.
Prices of Consolidated Bakeries and Caribbean Flavours rose, pushing them out of the Junior Market Top 10. They were replaced, by Caribbean Cream that closed the week, with the price down at $4.25 and Everything Fresh.
In the Main Market TOP 10, Victoria Mutual Investments jumped to a record high of $9, after the company reported 9 cents in earnings per share for the June quarter and 17 cents for the half-year, just below IC Insider.com forecast of 50 cents for the full year. The stock closed at a record high of $8.20 and exited the TOP 10. Pulse Investments climbed to close the week at $3.26 and fell from the top list. Earnings for Sterling Investments were revised downwards to 23 cents per share, resulting in it leaving the TOP 10. New entrants are Grace Kennedy, Proven Investments and Scotia Group.
In the past week, the main market continued its record-breaking run, closing the week at an all-time high on its way to over 800,000 points for the All Jamaica Index as momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered all of the 2019 losses and surpassing the previous all-time high of 3,436 points in September last year. Technical indicators point to the record be taken out soon and could happen this week with more results due. The market closed over 3,500 points for the first time in the past week.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with projected gains of 196 percent and tTech with possible gains of 167 percent.
Berger Paints heads the main market with potential gains of 122 percent followed by Radio Jamaica with 122 percent and Palace Amusement in third spot and likely to gain 92 percent by March next year.
The main market closed the week with the overall PE at 16.4 and the Junior Market moved up from 11.4 last week to 12.3 as the market shifts from consolidation in the first half of the year to be bullish now. The PE ratio for Junior Market Top 10 stocks averages 8.3 versus 7.6 last week and the main market PE is now 10 4 compared to 9 at the start of last week. These levels, point to big gains for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 33 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Lab jumps IC TOP 10

July 28, 2019 by

Fresh from its recent successful IPO, shares of Limners and Bards (The Lab) were listed on the Junior Market on Friday.
Just 100 shares traded at $1.30 but the stock ended with the bid at $1.65 and it dropped out of the IC Junior Market TOP 10.
The Lab earnings for the current fiscal year to October is poised to be in the region of 13 cents per share. With the bid at $1.65, the PE is 12 with not many Junior Market stocks selling above this level. The bulls have now descended on the Junior Market and could well deliver a premium valuation for the company’s stock that will be scarce.
Lasco Manufacturing enters the Junior Market TOP 10 while Jamaica Broilers price dip to $32 and came into the Main Market TOP 10 at the expense of Seprod with the price rising from $46 last week to $48.40.
In the past week, the main market continues to hit new record highs, closing the week at an all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered all of the 2019 losses and more and is less than 100 points away from the all-time high of 3,436 points in September last year. Technical indicators point to the record be taken out soon and could happen this week with more results due.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with projected gains of 208 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with potential gains of 156 percent followed by Sygnus Credit Investments with 137 percent and Berger Paints in third spot and likely to gain 132 percent by March next year.
The main market closed the week with the overall PE at 15.8 and the Junior Market moved up from 10.20 last week to 11.4 as the market recovered grounds lost in the first half of the year. The PE ratio for Junior Market Top 10 stocks averages 7.6 and the main market PE 9. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag by far, the values of the main market.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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: , , , , , , , , , , , , , , , , , , , , , ,

Sunshine Palace opens tomorrow

July 23, 2019 by

Palace Amusement latest cinema house – Sunshine Palace, opens its doors tomorrow Wednesday, July 24 to moviegoers in the Portmore community.
IC Insider.com was informed, that the opening is highly anticipated by persons in the community. Sunshine Palace is located at 7 Braeton Parkway in the prime commercial district in Portmore area.
Sunshine Palace is said to boast silver screens, improved legroom, reclining seats, VIP service, improved concession stands, and laser projection that creates a brighter light for picture and is also environmentally friendly.
The Disney blockbuster, The Lion King, featuring Beyonce, Donald Glover, Chiwetel Ejiofor and James Earl Jones, will be integrally tied to the history of Sunshine Palace as it will be the opening movie that will be the showcase event of the season.
Sunshine Palace comprises 4 movie auditoriums with seating for 674 patrons.

Filed Under: At the Movies, Company News, General Business News Tagged With: , ,