Supreme Ventures approved the payment of an interim dividend of 14 cents to be made on 27th May 2015 to shareholders on record as at 14th May 2015 representing an increase of 55.6 percent over the amount paid in 2014.
The approved payment translates to 16 percent rate of return per annum. In addition the company will also be paying the final portion of the special dividend they declared on 2nd March 2015.
The company announced in March, a final ordinary dividend for the year ended December 2014 of 8 cents per share, payable on March 21 and a special dividend of 23 cents per share to be paid on March 21 and 4 cents per share payable on May 27.
SVL paid dividends of 3 cents per share on January 8, last 
year as well as 3 cents in March, 9 cents in May, another 3 in September and 5 cents per stock on December 9, last year. The final regular dividend for 2014 brings the total relating to the 2014 profit to 19 cents per share or 54 percent of profits for the year. The total dividend payment just approved by the company totals 31 cents per share and is just short of the total profit for 2014, of 35.2 cents per share.
The company just reported a 20 percent increase in after tax to $405 million for the three-month period to March. The latest announcement of the results and dividends are likely to push the stocks much higher in the coming week.
Supreme bumps up dividend again
May 2, 2015 by
JSE jumps Thursday up 11% for April
April 30, 2015 by
NCB closed at a new 52 weeks’ high at $30.08 and is up 77% from the low in summer last year.
The strong market activity on Thursday, resulted in the prices of 23 stocks rising, 5 declining as 34 securities changed hands, ending in 7,695,548 units trading, valued at $109,643,238, in all market segments. The JSE Market Index gained 1,987.22 points to 93,264.43, the
JSE All Jamaican Composite index jumped 2,221.80 points to close at 102,992.25 and the JSE combined index gained 2,133.14 points to close at 95,042.74. At one point during trading, the market recorded more than 3,000 points gain on the all Jamaica Composite index.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and only 2 with offers that were lower. This out turn indicates another strong day ahead for price movements.
The main stocks trading| Caribbean Cement traded only 100 shares, gained 55 cents to end at $3.85, but closed with the bid at $3.88, Carreras ended trading with 31,886 shares to close at a new 52 weeks’ high of $47.08, but ended with a bid at $47.49, followed by Desnoes & Geddes with only 500 units in closing at a new 52 weeks’ high of $6.02. Hardware & Lumber had only 480 units changing hands, gained 45 cents to end at $7.50,
Jamaica Broilers closed with 24,500 shares at $4.75, after falling by 35 cents, Jamaica Producers lost 25 cents with 60,000 shares to end at $17.25. JMMB Group gained 50 cents and closed at a new 52 weeks’ high of $8 with 13,250 shares changing hands, Kingston Wharves traded 16,105 units with the price declining 56 cents to $5.95. Mayberry Investments had 711,200 units changing hands a new 52 weeks’ high of $2.60, National Commercial Bank traded 3,066,787 shares between $29.50 and the closing price and closed with a gain of $1.58 at a new 52 weeks’ high of $30.08. Pan Jamaican Investment price fell $3 with only 885 units trading at $57, Sagicor Group had 290,390 shares and closed 21 cents higher for a new 52 weeks’ high of $11.01. Scotia Group traded 58,380 shares to gain 25 cents and end at a new 52 weeks’ high of $23.25, Scotia Investments traded just 910 units to gain $2.90 and closed at $27, Seprod had only 630 units trading, to end at $18.50 and Supreme Ventures traded 515,400 units to close at $3.50, but traded as high as $3.75, for a new 52 weeks intraday high.
JSE now at 40 months’ high
April 30, 2015 by
Carreras closed $2 higher, at a new 52 weeks’ high of $47 on Wednesday.
Trading resulted in the prices of 15 stocks rising, 4 declining as 22 securities changed hands, ending in 2,104,274 units trading, valued at $19,545,760, in all market segments.
Main Market| The JSE Market Index gained 1,419.14 points to 91,277.21, the JSE All Jamaican Composite Index rose 1,586.66 points to close at 100,770.45 and the JSE Combined Index gained 1,533.53 points to close at 92,909.60. The market is at its highest since January 5, 2012 when it closed then at 101,108.42 on the all Jamaican Composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 16 stocks with bids higher than their last selling prices and 2 with offers that were lower.
Wednesday session closed with, Caribbean Cement gained 30 cents in trading 91,665 units at $3.30, Carreras having 4,200 units changing hands to end with a gain of $2, at a new 52 weeks’ high of $47, Gleaner closed with 295,600 shares being active to end at 95 cents, up by 5 cents. Grace Kennedy put on 51 cents with 198,238 shares traded, at $63.50, Jamaica Broilers traded 14,200 units at a new 52 weeks’ high of $5.10,for a 30 cents increase, JMMB Group traded 151,000 units at $7.50, Kingston Wharves
traded 66,666 shares at $6.51,as the price fell 46 cents. Mayberry Investments traded 200,000 units at a new 52 weeks’ high of $2.55, after putting on 30 cents on the price.
National Commercial Bank had 17,584 units changing hands for 50 cents higher to end at a new 52 weeks’ high of $28.50. Sagicor Group traded 6,755 shares at a new 52 weeks’ high of $10.80, after gaining 14 cents, Scotia Group exchanged 10,923 shares for a new 52 weeks’ high of $23, with an increase of 28 cents, Supreme Ventures gained 30 cents in trading 20,000 units, at a new 52 weeks’ high of $3.50. Proven Investments traded 55,171 ordinary shares at 20 US cents, for a 2 cents increase, Jamaica Money Market Brokers 7.50% preference share, traded 185,000 units at $2.10 and Jamaica Money Market Brokers 8.75% preference share traded 54,700 units at $3.20.
JSE breaks resistance & heading higher
April 28, 2015 by
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Pan jam gained $3.95 in closing at $60 on Tuesday
Main Market| The JSE Market Index gained 1,387.58 points to 89,858.07, the JSE All Jamaican Composite index rose 1,551.38 points to close at 99,183.79 and the JSE combined index climbed by 1,275.93 points to close at 91,376.07. At the close the market had pierced the resistance just under 99,000 points on the all Jamaica composite Index and seems poised to test the next major level of 109,000 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 17 stocks with bids higher than their last selling prices and just 2 with offers that were lower.Cable & Wireless traded 1,365,296 shares at 52 cents, Caribbean Cement traded 9,060 units at $3, up by 30 cents, there was an attempt to trade at $3.30 but that trade was cancelled as it exceeded the level permitted at that time of the trade. The stock was responding to a big jump in the company’s first quarter results for 2015 with profit after tax of $248 million versus just $35 million the year before, these results suggest that full year earnings could rise to $1 per share, as such the stock has much more room to run. Jamaica Broilers ended with 39,344shares at $4.80,
Jamaica Producers gained 50 cents with 12,000 units changing hands at $17.50, the Jamaica Stock Exchange had 150,000 units changing hands at $2.90. National Commercial Bank traded 13,860 shares to close at $28, for a gain of 99 cents. At the close there was a bid for 10,000 units at $28.10 and 600,000 units at $28. Pan Jamaican Investment climbed $3.97 to $60 with 6,550 shares, Sagicor Real Estate X Fund had a large trade of 873,309 units at $6.55,Jamaica Money Market Brokers 8.75% preference share traded 246,146 units at $3.20 after gaining 13 cents. Scotia Group traded only 27,306 shares to close at $22.72 with a gain of 5 cents, Seprod traded only 353 units as the price jumped $2 to $18 and Supreme Ventures closed at a new 52 weeks’ high of $3.20 by gaining 10 cents with 49,476 shares trading.
JSE powering up to break resistance
April 27, 2015 by
JSE closed at a new 52 weeks’ high of $2.90 by posting a gain of 89 cents
Monday’s reading suggest a continuation of the bullish tone, although it suggest that there could be less stocks gaining in the main market than on Monday.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Main Market| The JSE Market Index gained 1,055.74 points to 88,470.49, the JSE All Jamaican Composite index rose 1,180.37 points to close at 97,632.41 and the JSE combined index increased by 953.26 points to close at 90,100.14. In all, 28 securities changed hands, ending in 1,437,587 units trading, valued at $28,055,047, in all market segments and 4 stocks closed at new 52 weeks’ high.In trading, Barita Investments closed with 130,500 shares trading at $2.07, for a 12 cents gain, Caribbean Cement had 26,500 units changing hands 20 cents higher at $2.70. Carreras closed trading with 12,563 shares at $45 but traded as high as $46.50 for a new 52 weeks’ intraday high but lost $1 at the end. Grace Kennedy put through 26,573 units to gain 43 cents and end at $62.99, Jamaica Broilers put on 20 cents with 11,628 shares trading, at $4.80. Jamaica Stock Exchange closed with 37,512 units trading at $2.90, after putting on 89 cents gain, to end at a 52 weeks’ high, National Commercial Bank traded at a new 52 weeks’ intraday high of $28, with 840,067
shares changing hands, the stock closed at a 52 weeks’ high of $27.01 with an increase of 29 cents. Pan Jamaican Investment traded just 500 shares to close with a gain of 75 cents at $56.03, Sagicor Group traded 34,338 units at $10.61, to record a gain of 6 cents, Scotia Group had 30,477 shares trading, to close at $22.66 for a 66 cents gain, to close at a 52 weeks’ high. Supreme Ventures closed at a 52 weeks’ high of $3.10 with just 20,000 shares changing hands and put on 23 cents and Jamaica Money Market Brokers 8.75% preference share traded 76,000 units at $3.07 as the price slipped by 13 cents.
NCB pushes index
April 27, 2015 by
National Commercial Bank traded 508,263 shares at a new 52 weeks’ high of $27 on the Jamaica Stock Exchange on Monday morning
and helped to push the all Jamaican Index by 388 points. The stock subsequently traded at $28, while Supreme Ventures traded 20,000 units at a new 52 weeks’ high of $3.10.
Trading resulted in 13 securities trading including 3 from the junior market. A total of 658,835 units traded at 10.45am. Carreras traded 3,878 units but slipped back $1 to $45. Stocks not trading as yet but look promising are Caribbean Producers with the bid at $2.70 to buy 18,348 shares, the stock last traded at $2.70 on Friday. AMG Packaging had a bid for 21,262 shares at $2.33 compared to last sale of $2.26, Caribbean Cream with a bid to buy 535,715 shares at 70 cents versus last sale of 65 cents, Dolphin Cove with 95,864 shares on the bid at $9.20 where it traded this morning, General Accident Insurance having a bid for 663,735 units at $1.70 the same as the last price.
Positive end to strong week – JSE
April 24, 2015 by
JMMB Group closed week at a new 52 weeks’ high with over 10 m shares trading
Main Market| The JSE Market Index gained 768.58 points on Friday to end at 87,414.75, for the week 2,324.62 points were added. The JSE All Jamaican Composite index rose 859.30 points to close at 96,452.04, for the week the index gained 2,599.03 points
and the JSE combined index gained 739.54 points to close at 89,146.88 and put on 2,209.08 for the week.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and only 2 with offers that were lower, a very strong indication of a robust day for gains on Monday.
In trading, Carreras has fully recovered from the sell off when the Government announced new taxes on cigarettes in February and traded 12,000 shares to close at new 52 weeks’ high of $46 by rising 95 cents, Grace Kennedy closed with 5,300 shares changing hands at $62.56 by gaining 36 cents. Jamaica Producers continues to trade in heavy volume, this week and closed the week with 753,915 units trading at $17, for a gain of 20 cents,
JMMB Group had heavy trading amounting 10,617,440 ordinary shares valued at $79,623,408 to end at a new 52 weeks’ high of $7.50 after posting a 44 cents rise. Kingston Wharves’ 13,714 that traded led to a new 52 weeks’ high of $7, after putting on 10 cents, National Commercial Bank traded 21364 units to close at a new 52 weeks’ high of 26.72 and gained 2 cents but closed with the offer at $26.99. Pan Jamaican Investment traded 24,900 shares at $55.28 to record a 22 cents decline. Sagicor Group traded 882,127 shares ending at $10.50, Scotia Investments traded 113,900 units and gained 20 cents to end at $23.80 and Supreme Ventures traded 200,000 units at $2.85, down 10 cents but the bid ended at $3 to purchase 10,131 shares
Bulls take over JSE with 6 new highs
April 23, 2015 by
Seprod traded at 52 weeks’ high on Thursday at $16
Stocks closing at 52 weeks’ high on Thursday are Carreras, Knutsford Express from the junior market, National Commercial Bank, Seprod, Supreme Ventures and Jamaica Money Market Brokers 7.50% preference share.
Main Market| The JSE Market Index gained 346.41 points to 86,646.17, the JSE All Jamaican Composite index rose 387.31 points to close at 95,592.74 and the JSE combined index gained 412.97 points to 88,407.34.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and just 2 with offers that were lower.In market activity, Cable & Wireless traded 123,000 shares, in closing at 52 cents, after trading as high as 54 cents. Caribbean Cement had 46,061 units trading, to gain 25 cents in ending at $2.50, Carreras traded only 15,934 shares between $43 and the last traded price of $45.05, in posting a gain of $1.05. Grace Kennedy’s price fell 80 cents, while trading 5,801 shares at $62.20, Jamaica Producers had 173,904 units trading at $16.80 for a gain of 84 cents but had 1,569,027 shares on the bid at $16, at the close. National Commercial Bank put through only 25,149 units between $26.01 and the closing price of $26.70 with an increase of 20 cents. The banking group reported improved results in the quarter of $1.32 versus $1.24 per share in March 2014. Pan Jamaican Investment gained 37 cents in trading 9,054 shares at $55.50 but traded as low as $55.19. Radio Jamaica lost 25 cents in trading just 1,000 shares at $1.75,Sagicor Group posted 65,992 shares to end at $10.57 and gain just 2 cents. Scotia Group swapped
48,477 shares to close at $22, after trading at $22.50, Scotia Investments had 10,000 shares changing hands at $23.80, for an increase of 20 cents. Seprod put on $1.93 but with a mere 200 shares to end at $16, Supreme Ventures had the ownership of 51,600 units changing to close with a gain of 11 cents at $2.95. Proven Investments had 77,330 shares trading to close at 17.5 US cents but traded as high as 17.99 US cents, Jamaica Money Market Brokers 7.50% preference share traded 227,950 units at $2.30 and gained 28 cents or 14 percent, which is indicative of what now happening to interest rates, that have been declining from April last year, and Jamaica Money Market Brokers 8.75% preference share traded 174,738 units at $3.20.
JSE near 2 year high with 2,528 points rise
April 20, 2015 by
Scotia Group closed higher at the close & helped to push market up on Monday
Main Market|The JSE Market Index gained 2,261.39 points to 87,351.52, the JSE All Jamaican Composite index rose 2,528.34 points to close at 96,381.35 putting it back in line with the close of 96,381.58 on May 3, 2012 and the JSE combined index gained 2,134.42 points to close at 89,072.22. Scotia Group’s price movement to $24.50 in early trading was the major factor behind the big surge in the main market indices, as such there may be a fall back on Tuesday as Scotia’s price seems likely to settle back well below the price of $23.81 used in computing today’s indices, unless other stocks move up to compensate.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and just 4 with offers that were lower, with 2 of the offers being stocks that hardly trade.In trading, Scotia Investments bought all Scotia Group’s shares to trade, in the early morning session up to $24.50, for a 52 weeks intra-day high, but the stock ended with 205,115 units trading to close at $22.10 with a 24 cents fall from Friday’s last sale price. Desnoes & Geddes traded 92,793 shares up to $5.90, with a 10 cents gain, Grace Kennedy traded 933,318 shares and closed at $62.01, with a total value of $57.8 million,
with the price dropping $1.99 from Friday’s last traded price of $64. National Commercial Bank traded only 21,750 shares to close higher at $26, with an increase of 47 cents. Radio Jamaica 86,383 units that traded did so at $2, Sagicor Group 16,400 units traded at $10.50, Sagicor Real Estate Fund had 48,600 units changing hands at $6.75, to gain 25 cents and Jamaica Money Market Brokers 8.75% preference share traded 33,500 units at $3.10.Kingston Wharves traded just 4,00 shares but ended up gaining 50 cents to close at $6.40, Scotia Investments gained 49 cents in trading 1,200 units at $23.50 and Supreme Ventures traded 4,000 units at $2.80 by gaining 30 cents.
14 stocks rise up on JSE Thursday
April 16, 2015 by
NCB closed at a new 52 weeks’ high on Thursday at $26.
Main Market| The JSE Market Index lost 103.43 points to 84,734, the JSE All Jamaican Composite index fell 115.64 points to close at 93,454.66 and the JSE combined index declined by 31 points to close at 86,597.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 4 with offers that were lower, down from Wednesday’s stronger reading.
In trading, Cable & Wireless traded 3,172,266 shares to close at 52 with a 2 cents gain. Carreras traded 104,311 units to end at $42, Grace Kennedy had 51,721 shares changing hands and lost $1.15, to end at $62.05, Jamaica Money Market Brokers 8.75% preference share traded 1,100,000 units at $3.10.
Margaritaville (Turks) had 87,810 units trading at 10 US cents, after the company released nine months’ results to February. National Commercial Bank seemed to have reacted to the announcement of dividend consideration at the board meeting later this month, and traded 105,554 shares, first at $25.50 and then at $26 with a gain of 74 cents for a new 52 weeks’ high. Sagicor Group had 41,700 units changing hands and closed at $10.35 and Scotia Group traded 98,372 units at $22, and Supreme Ventures traded 1,435 units, lost 34 cents to end at $2.50.
