Just one new stock for IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week but Lasco Financial was the sole stock falling from the TOP 10 listings and letting Jamaican Teas back in.
Rising stock prices in the last week help in reducing the projected gains for some of the leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 242 percent, followed by Caribbean Producers 233 percent and tTech with possible gains of 202 percent.
Radio Jamaica with potential gains of 161  percent leads main market stocks, followed by Sterling Investments with 156 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year.
The main market, closed the week with the overall PE rising to 15.2 but the Junior Market remains at 11.1. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 9.1. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 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 interest in the securities commented on.

3 new stocks now in IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week as Lasco Financial returns along with Caribbean Cement and Sagicor Group.
Leaving IC Insider TOP 10 at the end of the week are Everything Fresh, Jamaica Broilers and Sygnus Credit Investments.
Rising stock prices in the last week help in reducing the projected gains in to leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 227 percent, followed by Iron Rock with likely gains of 213 percent and AMG Packaging with possible gains of 202 percent.
Sterling Investments with potential gains of 203 percent leads main market stocks, followed by Radio Jamaica with 150 percent and Berger Paints in third spot with the potential to gain 147 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.2. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.8. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 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 interest in the securities commented on.

Lasco stocks bow out of IC TOP 10

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 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 interest in the securities commented on.

 

Wigton blows out of IC TOP 10

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Investors blew Wigton shares out of IC TOP 10 last week.

Wigton Windfarm, the third highest ranked IC Insider.com TOP 10 main market stock last week, gained over 60 percent since listing on Wednesday to close at 83 cents and is now out of the TOP 10 main market stocks.
Lasco Manufacturing is the only change to the Junior Market IC Insider.com’s TOP 10, replacing Consolidated Bakery while Grace Kennedy and Jamaica Broilers are in the main market Top list replacing Wigton and Sagicor Group.
The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 233 percent, followed by Caribbean Producers with likely gains of 233 percent and Lasco Financial with possible gains of 210 percent.  Of the three, Lasco Financial seems likely to break out after they release full year results later this week, but keep a keen eye on Lasco Manufacturing as well.
Radio Jamaica with potential gains of 165 percent leads main market stocks, followed by Sterling Investments with 156 percent likely gain and VM Investments in third spot with the potential to gain 150 percent within twelve months.
The main market, closed the week with the overall PE at 14.5 and the Junior Market at just 11.1. The PE ratio for Junior Market Top 10 stocks averages 7 and the main market PE 8.7. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
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 40 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 interest in the securities commented on.

Wigton IC TOP 10 stock sets to double

Wigton stock could double soon.

Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent.  Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 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 interest in the securities commented on.

More changes in IC TOP 10

Eight consecutive days of record close, for the Jamaica Stock Exchange ended last week, but that did not prevent new additions to the main market IC Insider.com’s TOP 10.
At the same time, the Junior Market recorded strong gains in the week and reduced the year to date loss of nearly 10 percent to April down to just 5.3 percent.  While a number of companies released profit results last week many more are due this past and the market could get a jolt from some of them.
At the end of the past week, Jamaica Broilers and Stanley Motta moved out of the main market TOP 10 while Lasco Manufacturing and tTech moved up in price and left the Junior Market TOP 10.
Consolidated Bakeries and Main Event are the new additions to the Junior Market TOP 10 while IC Insider’s long standing TOP 10 main market stock, welcomed back, Sygnus Credit Investments that dropped out the previous week returns to the main market TOP 10 along with Grace Kennedy that reported below average first quarter results.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 248 percent, Elite Diagnostic with likely gains of 233 percent, followed by AMG Packaging with potential gains of 216 percent.
Radio Jamaica with potential gains of 173 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Victoria Mutual Investments in third spot with potential to gain 148 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for will certainly pushed the price higher when it lists and start trading.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 10.4. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE is now 8.5. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 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 interest in the securities commented on.

Watch NCB but Cement not finished

NCB the top stock to watch following inforamtion that they got go ahead to acquire Guardian Holdings majority shares.

NCB Financial is the main stock to watch this week with group having sealed the deal for majority shares in Guardian Holdings but Caribbean Cement (CC) is still in the stock to watch list. 
Fresh from posting record first quarter profit of $1.13 billion or $1.33 per share, from only $348 million in 2018, the shares of CC started right out of the blocks on Monday gone, with a jump of $13.87 to $77.99 and moved higher thereafter during the week.
Cement now sits at $80 and should move higher in the weeks ahead with potential earnings of $7 per share for 2019. The stock price reached $100 briefly during the past week. NCB Financial Group came in for increased buying with the announcement of approval granted for the group to acquire majority shares in the Trinidad based Guardian Holdings, thus returning it to it Jamaican roots. Guardian was previously majority by Mutual Life but the majority shares were sold to Trinidadians, when Guardian had cash flow problems in the 1990s.
Sagicor Group moved up from $44 at the start of the week to close at $46.50 and should move higher with 2018 results showing gains and pointing to a brighter 2019. Wisynco traded as high as $15 during the past week but some selling came in leaving the stock at $14.40 at the close on Friday. The stock is selling at 15 times projected earnings for the for the fiscal year to June 2019, but with strong earnings

Grace Kennedy could suprise.

growth investors could still pile into the stock in anticipation of greater profits in the 2020 fiscal year.  RJR and Seprod remain attractive buys and continue on the watch list along with Barita Investments that posted very strong second quarter results. More company results should be flowing this week and investors should be watchful for their release to identify any important message of future earnings. Other stocks of interest in the main market, include Berger Paints, Grace, Jamaica Producers, Jamaica Stock Exchange and PanJam Investment that seems headed to $100, with very few stocks on offer for sale.
The Junior Market rose last week as it starts the recovery from the impact that the recently closed Wigton IPO had on the market. At its recently held annual general meeting, Honey Bun directors pointed to continued improved revenues, created by expansion of the factory providing added capacity

SOS anticipates maximising profits from every business line in 2019.

to meet demand for their products, resulting from the expansion and new products lined up to come. Stationery and Office Supplies released their annual report with the directors stating that the outlook for 2019 and beyond is positive, given the increase in business and consumer confidence locally and regionally. “The economy is continuing to show positive signs with increased foreign and local investment in the island, particularly in the business outsourcing sector. For the export market, we are supplying a project in Barbados during the first quarter of 2019, and have another project planned for the second quarter in 2019.

Honey Bun should be watched.

We anticipate to realise at least six containers of exported products during the year including both the SEEK products and our lines of Torch and Image furniture.  With the purchase of SEEK and six months of learning, planning and making adjustments, we now anticipate maximising profits from every business line in 2019.”
Fontana came in for increased buying this past week with trading as high as $4.20 with supply of the stocks declining, General Accident saw improved results last year and this should continue into 2019 but the company is scheduled to release results for quarter one, next week.  tTech grew revenues 30 percent in 2018 and 28 percent in the December quarter. More growth is expected for 2019 to boost profit for the year. Derrimon Trading took over the distribution of of Juiciful, Busta and other products for Trinidad-owned SM Jaleel & Company and acquired Woodcats International, late last year. First quarter results should show above normal increase in revenues as a result of the acquisitions in 2018. It will be interesting to see how the new lines, impact first quarter profit.

JSE record run shakes up IC TOP 10

Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 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 interest in the securities commented on.

Sagicor Group & Jam Teas in IC TOP 10

Image courtesy suphakit73/FreeDigitalPhotos.net

Sagicor Group dropped to $44 at the close of the market for the past week and edged back into the IC Insider.com’s main market TOP 10, while Jamaican Teas closed at $3.60 and returned to the Junior Market TOP 10.
Berger Paints climbed to $21 at the end of last week and fell out of the top stocks, along with Main Event with a rise to $5.80 from $5 at the close of the previous week.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 281 percent, Iron Rock with potential gains of 243 percent and Lasco Financial with potential gains of 241 percent.
Victoria Mutual Investments remains the top Main Market stock with 167 percent likely gain, followed by Radio Jamaica with 159 percent and Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, falls to the number 5 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019. Caribbean Cement reported strong first quarter results and should move out of the TOP 10 this week.
The main market, closed the week with the overall PE at 13.4 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.2. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 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 interest in the securities commented on.

 

Watch Sagicor & NCB

Sagicor Cayman

Sagicor Group closed the shortened Easter week at $45 up from $38.15 at the close of the prior week following release of 2018 full year results.
The price could move higher this week with limited supply for sale on the market, below $50.
Helped by the sharp rise in the price of Sagicor, the main market climbed more than 8,000 points for the week, with the biggest move coming on Thursday of just under 7,000 points, while the Junior Market had no clear direction.
Trading for the week suggests that investors are over the impact on the market of the Initial Public Offer of Wigton Windfarm that opened on the 17 of April.
The release of some of the 2019 first quarter results are due late this week and are worth watching. Chief amongst them will be Caribbean Cement, NCB Financial Group and Supreme Ventures. While NCB’s results are due on Thursday and investors could react to them on Friday, others may not comeuntil after trading on Friday, as such may not have any impact until the following week.

NCB Financial traded at $145 on the JSE on Thursday.

Investors should keep an eye on, Wisynco that continues to hold just under $12. The company continues to expand the volume of products and companies it represents that augurs well for increased profit going forward. The stock remains one of the most appealing main market buys currently. RJR and Seprod remain attractive buys, continue on the watch list and are joined by Barita Investments.
The picture for the Junior Market is unclear but with Caribbean Cream full year results to February, due by the end of the week, it will be interesting how investors treat with it.