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.
In the past week, the main market continues to hit new record highs, closing the week at a near 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 losses suffered in the first half of the month. The market is still consolidating, waiting for profit results to help move it higher as it is currently highly undervalued.
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.
Investors should be watching keenly developments at 
Some cost incurred in the 2019 fiscal year will not repeat in 2020, while income as a result of the World Cup football, will not recur. The group lost around $40 million in doing world cup coverage and that loss will disappear in 2020. RJR ended the year with shareholders’ equity of $2.35 billion, borrowings of $387 million. Current assets amounted to $1.5 million with cash funds at $448 million and current liabilities at $662 million. In spite of the loss for the fiscal year, gross cash inflows amounted to $485 million.
Momentum continues to move the market away from long-term resistance at 520,000 points.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
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.
There was just one change to the TOP 10 lists this past week with Grace Kennedy coming in for Jamaica Broilers in the main market. Junior are now in the upper half of the Junior Market, both are now supported by 2020 earnings that are higher than for the year just ended. Earnings of former TOP 10 listing, Wisynco Group with switch to 2020 fiscal year earnings now sits outside the Top 10 but is still an attraction at number 16, but the stock came under selling pressure this past week.
Everything Fresh and Main Event eased out of the Junior Market listing. Earnings of Wisynco Group, a former TOP 10 listing, have also been switched to 2020 fiscal year earnings, but with the price having risen strongly this year, potential gains will not be sufficient to put it in the list any time soon.
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.
Entering the main market TOP 10 list are Carreras, Jamaica Broilers and Pulse Investments. The Junior Market bid good-bye to CAC200 and Jamaican Teas and welcomed back Lasco Financial and Everything Fresh. 
Sterling Investments with 178 percent leads main market stocks followed Radio Jamaica with potential gains of 173 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year. 
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 
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. 
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.
Stocks mostly closed higher on the Jamaica Stock Exchange during the past week as Lasco Financial returns along with Caribbean Cement and Sagicor Group. 
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 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 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.