Paramount Trading

Record highs for junior stocks

June 11, 2015 by IC Insider.com

Lasco Financial closed at a new all-time high of $2.06.

Trading picked up on the Junior Market with 7 securities trading, and ended with 874,808 units changing hands valued at $2,003,620. The JSE Junior Market Index lost 1.92 points to close at 932.77, with the prices of 3 stocks advancing, 2 declining, 3 closing at 52 weeks’ high and one at a low. Paramount Trading hit a new high of $6.10 during trading but closed back at Wednesday’s last traded price of $5.50.
At the close of the market, there was 1 stock with the bid higher than the last selling price and 3 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream traded with 100,000 units changing hands, 10 cents higher, at $1.75 for a new all-time high. KLE Group with 15,000 shares trading closed 5 cents lower at new low of 70 cents,

Lasco Distributors with 131,195 shares trading, lost 5 cents in closing at $1.05, Lasco Financial Services finished trading with 350,600 units, closed with a gain of 8 cents to new a new 52 weeks’ high of $2.06, making it the first of the three Lasco companies to break the $2 barrier although it was the last of the three to really shot up. Lasco Manufacturing end with 73,470 shares trading at $1.50, Medical Disposables traded 95,000 shares to end at a new 52 weeks’ high of $2.10 after adding 10 cents and Paramount Trading ended trading with 109,543 shares to end at $5.50, after trading as high as $6.10. At the close, Access Financial seems set to fall with an offer at $15.54 to sell 15,000 units well below the last traded price of $16.75.

Junior market closes at new high

June 9, 2015 by IC Insider.com

Dolphin Cove was one of 6 stocks ending at 52 weeks’ high

Trading on the Junior Market resulted in the market hitting a new all-time high, with 6 stocks closing at 52 weeks’ high out of 12 securities trading, culminating in 1,069,919 units changing hands valued at $1,990,730. The JSE Junior Market Index gained 14.46 points to close at 926.72, a new record high, with the price of 6 stocks advancing and 1 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market include, Access Financial with just 100 shares changing hands, to close lower by 25 cents at $16.75, Cargo Handlers finishing with 500 units to close with a gain of 51 cents, to a new all-time high of $23.51. Caribbean Cream with 435,000 shares trading at an all-time high of $1.55, gained 20 cents, Dolphin Cove finished trading with 1,000 shares to closed at an all-time high of $11, to gain 75 cents, Honey Bun concluded trading with 20,000 shares changing hands to close 25 cents higher at a 52 weeks’ high of $2.95.

Lasco Distributors traded 23,150 shares at $1.65, Lasco Financial Services finished trading with 495,970 units, with the price rising 4 cents to $1.95. Lasco Manufacturing traded 79,899 shares at $1.45, Paramount Trading ended with just 1,000 shares changing hands with an increase of 54 cents to $4.80, a new all-time high. The stock closed with a bid to buy 49,500 units at $5 and Eppley 9.5% preference share closed trading with 4,000 units and put on just 1 cent to $6.01 to new high, with a 1 cent gain.

Filed Under: Breaking News, Feature Stories, JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Daily Trading, Dolphin Cove, Eppley, Honey Bun, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

Mayberry takes 20% of Lasco Financial

May 26, 2015 by IC Insider.com

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending

with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Producers, General Accident Insurance, Honey Bun, Knutsford Express, Lascelles Chin, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

9 stocks rose on junior martket

May 20, 2015 by IC Insider.com

Add your HTML code here...

A fall in the price of dolphin cove helped pull the junior market index south

Trading closed on the Junior Market with 13 securities trading and ended with 237,584 units changing hands valued at $516,478. The JSE Junior Market Index declined 7.38 points to close at 875.84, with the price of 9 stocks advancing and 3 declining and just one closing at 52 weeks’ high. At the end a number of the stocks closed with offers that were lower than the last sale price.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 8 with lower offers. The junior market ended with only 2 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 3,540 shares changing hands, to close lower by 2 cents at $17, Caribbean Cream closed with 100 shares trading at $1.19 to gain 14 cents, but ended with an offer of 120,000 shares at $1.10. Caribbean Flavours finished trading with 15,774 units to close with a gain of 24 cents at $2.10, Caribbean Producers with 28,511 shares trading, ended higher by 15 cents to a 52 weeks’ high of $3.15, but had an offer of 18,000 units at $3.

Consolidated Bakeries traded unchanged at $1, with just 1,045 shares, Derrimon Trading finished with 38,000 shares changing hands and gained 15 cents to $2.15, Dolphin Cove had just 1,398 units changing hands at $10 while losing 75 cents, General Accident Insurance concluded trading with 6,507 shares changing hands, to close 17 cents higher at $2.17. Lasco Distributors traded 21,609 shares, 10 cent higher, at $1.65, Lasco Financial Services finished trading with 60,200 units, the price rose just 1 cent, to $1.31. There was dealing in 22,900 shares of Lasco Manufacturing as the stock traded lower by 3 cents to $1.37, Medical Disposables contributed 34,000 shares with the price rising 10 cents, to $1.90 and Paramount Trading ended trading with 4,000 shares to end with an increase of 4 cents at $3.76.

Filed Under: JSE Junior Market, Stock Market Tagged With: Caribbean Flavours, Caribbean Producers (CPJ), Consolidated Bakeries, Derrimon Trading, General Accident, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables & Supplies, Paramount Trading

One broker pulled juniors down

May 14, 2015 by IC Insider.com

Mayberry sold small volumes several individual stocks with less than two minutes to close, pulling the prices down.

On Wednesday the main market pulled back a few points, having surged for much of the day, with triple digit gains. Thursday was the turn of the junior market to see an apparent closing, that was lower by a few points, with prices trimmed minutes from the close for a number of stocks. The Junior Market ended with 17 securities trading, the most for some time, if not for all times and ended with 296,055 units changing hands valued at $653,047.
The JSE Junior Market Index declined 2.59 points to close at 866.40, with the price of only 3 stocks advancing and 8 declining and 2 closing at 52 weeks’ high as Mayberry intervened with less than 2 minutes to close by selling a series of small amounts to push several junior market stock prices down.
For most of the day until after 12 noon, the index for the junior market was in record territory to an all-time high. In early morning session junior stocks had put on 13.39 points to 882.38 points a then record. Several very small trades executed on the sell side by Mayberry Investments at 12.52 pm pushed the prices of several stocks down.

Access closed at an all time high of $17 but with only 200 shares purchased by MIL for in house purposes from JMMB

Prior to these trades Mayberry crossed 50,000 Lasco Distributors at $1.50, bringing the price down by 20 cents at 12:18 o’clock from the close on Wednesday and sold 13,000 units to Victoria Wealth Management at the same price for the last trade in the stock for the day. At the close the stock had a bid to buy 106,000 units at $1.52.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading at a new 52 weeks high of $17, but with just 200 units changing hands to gain $1.90, AMG Packaging ended with 2,115 shares changing hands, to close 5 cents lower, at $3.25. Blue Power traded 979 units to close with a gain of 99 cents at $9.80, to close at a 52 weeks’ high, Cargo Handlers finished with 5,000 units to close unchanged at $22.08, Caribbean Producers ended trading with 16,489 shares trading at $2.88. Consolidated Bakeries traded 968,369 units at $1 as the company reported first quarter results showing profit more than doubling from $4.6 million to $13.9 million.

General Accident Insurance concluded trading with 104,533 shares changing hands to close 7 cents lower at $2.08. Honey Bun had just one trade of a mere 2,729 shares with the price falling 40 cents, to $2.50, Jamaican Teas closed trading with 2,170 units and lost 25 cents to $2.65, Lasco Distributors traded 89,880 shares and dropped 20 cents to $1.50, Lasco Financial Services finished trading with 62,331 units, the price slipped 10 cents to $1.35. There was dealing in 9,629 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Paramount Trading ended trading with 102,543 shares to end with an a fall of 28 cents at $3.71 and Derrimon Trading preference share finished traded just 1,000 shares to closed end up 25 cents at $2.25.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Producers (CPJ), Consolidated Bakeries, General Accident, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading, Purity, Victoria Wealth Management

7 stocks rose on junior martket

May 6, 2015 by IC Insider.com

Caribbean Producers enjoyed another day trading high volume

Trading picked up on the Junior Market with 13 securities trading, the most for some time, and ended with 1,615,246 units changing hands valued at $5,248,573. The JSE Junior Market Index declined 10.85 points to close at 824.53, with the price of 7 stocks advancing and 3 declining and two closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with 137,533 shares changing hands to close higher by 25 cents at $3.25, Blue Power closed with 230 shares trading at $8.81, Cargo Handlers finished with 20,000 units to close with a gain of 25 cents to a new all-time high of $21.75, Caribbean Producers with 717,178 shares trading lower by 12 cents to $2.88, Derrimon Trading finished trading with 47,549 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 55,800 shares changing hands to close 2 cents higher at a 52 weeks’ high of $1.82. Lasco Distributors

traded 5,000 shares trading, 1 cent higher, at $1.46, Lasco Financial Services finished trading with 322,888 units, the price slipped 7 cents to $1.23. There was dealing in 6,918 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Medical Disposables contributed 30,000 shares with the price rising 20 cents, to $1.90, Paramount Trading ended trading with 10,000 shares to end with an increase of 39 cents at $3.99. Eppley 9.5% preference share closed trading with 17,150 units and put on just 1 cent to $6.01 and the company’s 2019 preference share exchanged 245,000 units at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Producers, Derrimon Trading, Eppley, General Accident Insurance, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Medical Disposables, Paramount Trading

Junior market trading picks up

April 30, 2015 by IC Insider.com

Activity on the Junior Market picked up on Thursday with a number on new highs recorded as investors increased their exposure to the segment of the market that has been late to the rally.
The market closed with 10 securities traded and ending with 2,839,792 units changing hands valued at $6,035,405. The JSE Junior Market Index rose 28.36 points to close at 785.93, with the price of 6 stocks advancing and 1 declining. At the close of the market, two stocks closed at new 52 weeks’ high and two hit 52 weeks’ high during trading but retreated. At the end of trading there were 4 stocks with bids higher than their last selling prices and 1 with the offer lower. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial traded 2,000 units and lost $1.89 to end at all-time high of $15.09. AMG Packaging price moved up in trading to $3 with 9,000 and closed with a gain of 74 cents, the stock was halted during trading for an hour and then was reopened at minutes before the close at which time it officially traded. Caribbean Producers traded 1,089,045 units between $2.75 and $3, where it closed with a gain of 25 cents. Dolphin Cove gained 30 cents with 1,000 shares trading, to close at a new 52 weeks’ high, of $9.50. General Accident Insurance had 1,152,419 shares trading, at a new 52 weeks’ high of $2, the stock traded as low as $1.75 but closed 10 cents higher than Wednesday’s closing price, at $1.80, Lasco Distributors had 177,909 shares trading to close with a loss of 3 cents at $1.40, but traded between $1.37 and $1.43. Lasco Financial Services closed with a gain of 7 cents as 175,000 shares traded, to end at $1.20. Lasco Manufacturing trading of 212,000 as high as $1.30, a new 52 weeks’ high but ended with a closing price of $1.20, Medical Disposables traded only 2,000 shares at $1.70 after losing 10 cents and Paramount Trading had 19,419 units trading at $3.60.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers (CPJ), Daily Trading, Dolphin Cove, General Accident, Jamaican Stock, Lasco, Medical Disposables, Paramount Trading

Junior market index jumps

April 29, 2015 by IC Insider.com

Activity on the Junior Market closed with 5 securities trading and ending with 652,472 units changing hands valued at $1,335,856. The JSE Junior Market Index declined 21.35 points to close at 757.57, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 4 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Dolphin Cove with 68,960 shares trading, to close at $9.20 after trading at $9.50, Lasco Distributors had 60,000 shares trading at $1.43, with the stock rising 13 cents. Lasco Financial Services with 348,122 units trading, lost 1 cent to end at $1.14, Lasco Manufacturing gained 13 cents while trading 170,390 shares and closed at $1.20 and Paramount Trading ended with just 5,000 changing hands at $3.60 to record a gain of 3 cents.

Filed Under: JSE Junior Market, Stock Market Tagged With: Dolphin Cove, Lasco Distributors, Lasco Financial Services, Lasco Manufacturing, Paramount Trading

Juniors make slight gain Monday

April 20, 2015 by IC Insider.com

Activity on the Junior Market closed with 7 securities traded ending with units 3,116,855 changing hands valued at $3,021,677. The JSE Junior Market Index declined 0.76 points to close at 742.03, with the price of 3 stocks advancing and 1 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream in only one trade ending with 2,500,000 units changing hands for 10 cents higher at 75 cents. Paramount Trading ended with 15,000 shares trading at $3.57, to gain 2 cents. General Accident Insurance had 282,299 shares trading at $1.70, to decline by 1 cent, Lasco Distributors ended with 26,000 shares trading at $1.43, Lasco Financial Services with 28,300 units at $1.15, Lasco Manufacturing 215,456 units at $1.13 and Eppley 9.5% preference share trading 49,800 shares and gained a cent to end at $6.01.

Filed Under: JSE Junior Market, Stock Market Tagged With: General Accident, Lasco Distributors, Lasco Manufacturing, Paramount Trading

Paramount’s Q3 sales fell cost rose

April 20, 2015 by IC Insider.com

Declining sales and rising cost in the February quarter over the November quarter were the noticeable features for Paramount Trading. The result, lower profit only $26.4 million versus $49.2 million.
Profit nevertheless jumped 121 percent to $109 million for the nine months to February this year with the February quarter rising 82 percent over that of 2014.
The slippage in performance in the latest quarter came from a drop in sales to $209 million from $228 million in the November quarter and a fall in gross profit margin from 37 percent to 32 percent as cost of sales remained at roughly $146 million in both quarters. Total administrative and other expenses also rose in the last quarter over that of November by close to $6 million or 13 percent but they were lower than in the 2014 quarter as finance cost fell sharply from $8 million to only $2 million.
Total revenues rose 18 percent in the February quarter and 25 percent for the nine month period to hit $213 million and $651 million respectively.
The company reported earnings of 17 cents per share for the quarter and 71 for the nine months and is on its way to reporting profit of $1.10 per share for the current year ending in May and $1.50 for the following year.
Finances| Paramount has seen a slight improvement in receivables with a reduction in the number of weeks amounts are due for falling from around 10 weeks in February 2014 down to 9 weeks in 2015 even as the amount increased from $139 million to $151 million. Inventories rose to $275 million from $216 million in 2014 and cash funds rose to $79 million. Amounts due to suppliers is steady at $127 million with the 2014 year-end figures and down from the amounts due at February 2014.
The company deals mainly in chemicals and is listed on the junior market of the Jamaica Stock Exchange, the last price is $3.55, giving it a PE of 3.2 thus maintaining its BUY RATED status.