Sweet River Abattoir and Supplies became the first Junior Market company to have its shares delisted from the Junior Market of the Jamaica Stock Exchange.
The delisting is effective on Monday, February 10, 2020. According to the Jamaica Stock Exchange, “the delisting is in accordance with Junior Market Rule 505 (14) (a) (i) and the Company’s failure to remedy Board Level and financial requirements breaches.
Sweet River was listed in2014 and the shares were undersubscribed, leaving the company short of critical working capital to function properly, as it embarked on building out a new abattoir. The targeted in the IPO was to raise $180 million from the sale of 46.6 million shares to the public, but subscribers only applied for approximately 30.6 million shares amounting to $118 million. Recently, the company’s land and buildings were auctioned off and acquired by the purchaser for far less than the more than $300 million they are recorded on the books.
Sweat River ran up losses of $124 million up to June 2019, according to the last interim report the company released to the JSE and had a net worth of just $19 million.
Sweet River delisted from Junior Market
February 10, 2020 by
2 Big Lasco trades on Wednesday
March 22, 2017 by
Lasco Manufacturing
At the close 21 securities traded up from 25 on Tuesday and ended with 6 rising and 4 falling. A total of 13,332,019 units valued at $70,867,178 passed through the market, compared to 1,269,002 units valued at $8,895,061 on Tuesday.
The junior market ended trading with an average of 634,858 units for an average value of $3,374,628 traded, compared to 50,760 units for an average value of $355,802 on the previous trading day. The average volume and value for the month to date ended at 147,935 units and $853,144.
On the immediate preceding trading day the average volume and value for the month to date, were 113,155 units with an average value of $673,038. The average volume and value for February, ended at 223,938 units and $1,379,459.Trading ended with 3 stocks had bids higher than their last sale prices and 4 ended with lower offers, than the last sale.
At the close of the market on Tuesday, AMG Packaging fell by 1 cent and closed at $5.69 with 66,575 units changing hands, Blue Power closed with 911 units changing hands at $38 after gaining $1.40, CAC 2000 closed at $7.80 with 6,579 shares traded. Cargo Handlers ended trading with 5,000 shares at $21, Caribbean Cream closed trading with 29,400 units to end at $7.70, Caribbean Producers lost 25 cents in trading 6,771 units at $.85, Consolidated Bakeries ended trading with a gain of 2 cents with 167,245 shares changing hands, to close at $3.22. Derrimon Trading rose by 10 cents and ended at a new high of $8.60 with 9,866 shares changing hands, Dolphin Cove regained 99 cents it lost on Tuesday, to closed trading with 1,450 shares, at $19, General Accident price fell 25 cents to close trading with 3,500 shares at $3, Honey Bun closed with 7,915 shares changing hands at $7, ISP Finance had 6,096 units changing hands to close at $12.25,
Jamaican Teas traded 10,160 shares to close at $8.50, Jetcon Corporation rose $1 and closed trading with 125,851 shares being exchanged to end at $12, Knutsford Express traded 1,173 units to close at $42, Lasco Distributors ended with 2,764,503 units trading at $7, Lasco Financial fell 5 cents with 3,258 shares changing hands, to end at $4.19, Lasco Manufacturing rose 38 cents and closed with 10,068,440 units changing hands at $5.08, Main Event had 43,992 shares changing hands, to close with a rise of 1 cent at $4.51, Medical Disposables closed at $6 with 11,000 shares changing hands, Sweet river traded just 1,000 shares at $3.50 and Derrimon Trading preference share ended with 1,200 units changing hands to close at $2.10.
7 junior stocks rise – Friday
September 2, 2016 by
ISP Finance traded at a new high of $6 on Friday
The Junior market closed on Friday with a fall of just 4.13 points in the market index, to close at 2,176.88 as the market continues in consolidation mood but as Cargo Handlers jumped $5.99 to a new high of $82, with 915 shares changing hands, to record gains of 116 percent for the year to date. ISP Finance jumped 78 cents and gained 200 percent since listing in March, to close at a new high of $6 while trading 22,082 shares.
At the end of trading only 7 stock rose up from 1 on Thursday and 3 declined down from 8 on Thursday out of 15 securities that traded on Friday.
The market closed with 1,387,475 units trading, 76 percent less than on Thursday, valued 60 percent less than on Thursday with $6,454,746 changing hands on Friday. Trading ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.At the close, AMG Packaging closed with a gain of 14 cents at $13.70 with 1,750 units changing hands, Blue Power closed with 1,789 units changing hands at $20, Caribbean Cream closed with 92,693 shares changing hands and rose 24 cents to $7.25, after trading as high as $7.95. Caribbean Producers had 187,080 units changing hands, to close with a rise of 3 cents, at $3, Consolidated Bakeries traded 16,455 shares to close at $2.20.
Dolphin Cove traded 2,105 units at $15 after falling 20 cents, Honey Bun closed with 26,817 shares changing hands at $5.30, Knutsford Express traded 33,650 shares to close at $25, Lasco Distributors fell 20 cents to end with 24,854 shares changing hands at $6.70, Lasco Financial ended with 552,729 shares changing hands at $3.50, after rising 15 cents. Lasco Manufacturing lost 16 cents and closed at $4.41 with 409,706 shares trading, Medical Disposables traded 12,130 shares with the price gaining 35 cents to close at $3.55 and Sweet River had 2,000 shares trading to end at $3.85.
JSE trades over $1.36B in early session – Friday
August 19, 2016 by
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Trading on the Jamaica stock exchange surged on Friday to more than $1.36 billion with stockbrokers, Victoria Mutual Wealth Management (VMW), crossing a series of stocks that dominated trading. By 10:45 am the market indices slipped slightly for the main market and rose moderately for juniors as 13 stocks gaining versus 8 that fell.
The main traded done by VMW are 10,156,665 National Commercial Bank shares at $41.22 in two lots on behalf of clients shortly after trading opened on the Jamaica Stock Market on Friday morning. 
Other stocks crossed by VMW are CAC 2000 with 813,386 units at $6.01, JMMB Group with 9,170,806 units at $9.88, Portland JSX 10,000,000 units at $11.49 and Sagicor Group with 6,513,985 units at $21.97 and Sweet River Abattoir with 4,664,000 units at $3.84. Sterling Investments 2,668,905 units at $13.01, Others stocks crossed by VMW include Jamaica Public Service 9.5% preference share with 99,931 units at $1,247, Lasco Distributors 8,055,942 at $7.02, Lasco Manufacturing 7,592,810 shares at $4.94, Scotia Group with 8,528,008 units at $31.70 and Scotia Investments with 1,025,875 shares at $26.
At 10:45 am 30 securities traded, resulting in a volume of 71,959,810 shares changing hands. The large trades done VMW accounted for more than $850 million in the value of trading in the early morning session. The average number of shares traded amounts to 2,248,744 units compared to 37,167 units on Thursday.
The all Jamaica Composite Index fell 122.62 points to 180,511.47 the Jamaica Stock Exchange Market Index slipped 109.65 points to 162,451.12, the Jamaica Stock Exchange combined index lost 62.71 points to close at 173,704.85 and the junior market index rose 3.80 points to 2,243.59.
Juniors make strong recovery on Friday
November 27, 2015 by
Knutsford closed at a new high of $9 on Friday
Only 2 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, Access Financial Services traded 249 units with the price rising 7 cents to $13.57, AMG Packaging closed at $6 with 1,458 units changing hands, Blue Power rose by 1 cent and closed with 10,265 units trading, C2W Music ended with 61,000 units changing hands at 38 cents. Caribbean Cream had 87,000 units changing hands but lost 10 cents, to end at $4.40, Caribbean Flavours in trading 7,426 units and ended at $6.57, Caribbean Producers gained 35 cents in trading 462,506 units to end at $5.80 for a 52 weeks’ closing high, Consolidated Bakeries fell 10 cents trading 19,736 shares at $1.30. Dolphin Cove ended with 128,900 units changing hands with a $1 gain to $16, General Accident ended with 699,239 shares changing hands and closed at $2 after declining by 19 cents, Honey Bun with 1,000 shares changing hands, closed with a gain of 15 cents at $5.65 for a new 52 weeks’ high. Jamaican Teas gained 5 cents with 3,000 shares trading at a 52 weeks’ closing high of $5,
KLE Group ended with 30,000 units with a loss of 10 cents at 70 cents, Knutsford Express jumped $1 in trading 30,000 units at $9 for a 52 weeks’ high. Lasco Distributors closed with 1,135,443 shares changing hands, to end with a rise of 5 cents at $4.05, Lasco Financial ended at $3, with 1,124,054 shares changing hands. Lasco Manufacturing rose 16 cents to $3.71 with 651,985 shares trading, Sweet River Abattoir traded just 612 units at $3.95 and Derrimon Trading preference share ended with 3,500 trading at $2.20.
More juniors rise but index dips – Friday
November 20, 2015 by
Cargo Handlers at new high of $35.20 on Friday.
Only 2 securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, C2W Music traded 16,460 units at 39 cents, Cargo Handlers gained 20 cents and ended at a new 52 weeks’ high of $35.20, with 13,415 units changing hands, Caribbean Cream traded 50,300 units with a rise of 40 cents to $4.95, Caribbean Flavours traded 260,052 units to end at $6.50 after rising 54 cents. Caribbean Producers closed with a gain of 52 cents in trading 175120 units at $5.52, for a new 52 weeks’ closing high, Consolidated Bakeries fell 8 cents at the close, to end at $1.40 with 50,000 units changing hands. Derrimon Trading ended with 10,000 units changing hands at $3.50, Dolphin Cove fell $1.01 with 3,532 units trading, to close at $15, General Accident ended with 165,385 shares changing hands and closed with a gain of 5 cents at $1.90, KLE Group lost 21 cents and ended with 17,292 units trading at 75 cents. Honey Bun with 27,035 shares changing hands and closed at $5.30.
Jamaican Teas had 109,363 shares trading to close at $4.30 after trading after rising by 30 cents, Knutsford Express ended 95 cents higher, at a 52 weeks’ high of $7.50 with 210 shares changing hands, Lasco Distributors closed with 347,004 shares changing hands to end at $4.20 after falling by 10 cents. Lasco Financial rose of 5 cents to $3.30, with a total of 210,557 shares changing hands, Lasco Manufacturing closed with a 5 cents gain at $3.80 with 932,066 shares trading and Medical Disposables ended with 341,000 shares changing hands and lost 40 cents to be at $3.45 and Sweet River Abattoir traded 35,500 units at $3.95
CPJ dominates trade with 190m units
November 11, 2015 by
CPJ dominates junior market trading with 190m units & closed at $3.41
Only 2 securities ended with no bids to buy and 12 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, AMG Packaging closed with a gain of 5 cents at $5.05, with 836 units changing hands at a 52 weeks’ high, Blue Power lost 80 cents in closing at $13, with 1,557 units trading, Caribbean Cream ended with 26,743 shares changing hands at $4.60. Caribbean Flavours traded 5,000 units to end at a 52 weeks’ high of $4.91 after rising 6 cents, Caribbean Producers gained 36 cents and traded 190,020,966 units at $3.41 for a new 52 weeks’ high as investors responded to good first quarter results. 1.9 million was a cross done by Mayberry Investments. Consolidated Bakeries ended at $1.90, with 13,000 units changing hands. Dolphin Cove had 40,000 shares changing hands at $12.85, for a decline of 65 cents, General Accident Insurance traded only 20,000 units at $1.96 for a loss of 4 cents. Jamaican Teas lost 5 cents with 259,350 shares trading, to close at $3.85. KLE Group ended with 101,668 units trading at 45 cents, but the stock closed with a bid of 50 cents to buy 5,000 units.
Lasco Distributors closed with 265,410 shares changing hands with a rise of 33 cents to $4.40, after trading as high as $4.65, for a 52 weeks’ intraday high, Lasco Financial closed with an increase of 5 cents at a new 52 weeks’ closing high of $3.25 with a total of 775,710 shares changing hands after trading as high as $3.50. Lasco Manufacturing rose 7 cents to end at 52 weeks’ closing high of $4.03 with 439,426 shares changing hands and Sweet River Abattoir rose by 9 cents in trading 14,500 shares at a 52 weeks’ closing high of $3.95, Derrimon Trading preference share ended with 400 shares changing hands at $2.20 and Eppley 9.5% preference share ended with 13,235 units changing hands at $6.
3 junior stocks rise 3 fall on Friday
March 20, 2015 by
Activity on the Junior Market closed with 8 securities traded and ending with 369,749 units changing hands valued at $569,856. The JSE Junior Market Index declined 3.23 points to close at 704.94, with the price of 3 stocks advancing and 3 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 2 with offers that were lower. The junior market ended with 3 securities closing with no bids to buy and there were 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Honey Bun contributing 11,567 shares with a gain of 4 cents to $1.95, Paramount Trading in concluding trading with 27,661 shares gained 10 cents to $3.60, Sweet River Abattoir finishing trading with 2,000 shares, the price gained 1 cent to $3.87.
General Accident had dealing in 104,400 shares at $1.65, Lasco Manufacturing contributing 156,182 shares at $1.15, Consolidated Bakeries finishing with 20,000 units to close lower by 8 cents to 82 cents, Lasco Distributors closing with 39,939 units as the price slipped 3 cents to $1.45, Medical Disposables finishing trading with 8,000 units to close lower by 5 cents to $1.70.
Cargo Handlers jumps $1.80
February 27, 2015 by
Cargo Handlers climbed $1.80 on Friday
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. 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 with gains are, Cargo Handlers finishing with 10,000 shares trading while gaining 10.6 percent or $1.80 to an all-time high of $18.80, Lasco Distributors closing with 136,000 shares to end with an increase of 5 cents to $1.55, a new 52 weeks’ high. Lasco Financial ended trading with 26,150 shares switching ownership 1 cent higher to $1.05, Lasco Manufacturing closed with 121,100 shares while gaining 9 cents to $1.24. Sweet River Abattoir ended trading with the price unchanged while 15,000 shares changed hands at $3.86.Stocks ending with losses are, AMG Packaging concluding trading with 1,470 shares changing hands to close down by 1 cent to $2.30, Caribbean Producers ended trading lower by 10 cents to $2 with only 3,000 shares and Dolphin Cove closed with 5,000 shares trading after falling 49 cents to $8.50.
