Toll collections fell 13.8 percent in 2020 versus an increase of 1.6 percent in 2019 over 2018 for Transjamaican Highway, resulted in US$45.38 million in tolls collections compared to $53.29 million in 2019.
The company, in its annual report for 2020 in commenting on the decline in traffic on Highway2000, states, the “effects of the health measures implemented are still being felt on our traffic at the start of 2021, traffic being falling 9 percent below for January and February when compared to the same period of 2020, which were not impacted by the pandemic. We are, however, optimistic that greater levels of recovery will be recognized as the traffic at the end of March 2021 was 6.8 percent above that of March 2020, when the pandemic first hit.” While the directors sound optimistic, the March 2021 recovery does not look exciting and would represent a decline of 11.5 percent compared with traffic for 2019 that would make the company worse off than in January and February this year, with the fall of 9 percent versus the first two months of 2020 with increases of 2.1 percent.
Last year the directors stated that “the first two months of 2020 were marked by a 2.1 percent increase in our toll transactions compared to the same period last year. The decrease for March was 19.3 percent, April 2020 saw a more significant decrease of 52 percent when compared with April 2019 due to additional restrictions introduced, such as the lockdown of the parish of St Catherine, which started on April 15. The end of this confinement on May 1 was immediately followed by an increase in traffic on the motorway, as the decline fell to 34.2 percent compared to May 2019.”
“The trend observed for June 2020 is down 17.3 percent when compared to the previous year, confirms a gradual recovery in traffic and is anticipated to continue in the next weeks.”
The decline in traffic in the second quarter of 2020 was 34.5 percent compared to the previous year, the company had reported. For the three months ended March 2020, the Company generated revenues of US$12.9 million, reflecting a mild increase over the US$12.7 million earned for the same period in 2019. What seems clear from the latest report from the company is that revenues should be down in the first quarter in 2021 to around US$11.5 million, but the second quarter should experience a nice bump from a depressed second quarter in 2020 that delivered just US$8.5 million in revenues.
THJ reported a US$1.87 million loss for the year to December 2020, compared to a profit of US$8.3 million helped by a tax credit of US$21.4 million in 2019. The 2020 results saw a US$5 million reduction in operating expenses and a fall of nearly US$16 million in finance cost. Despite the loss, the company still managed to generate a positive cash flow of just over US$11 million for 2020. The results for 2021 should end with a breakeven position of about US$1 million in profit.
The company last traded on the Jamaica Stock Exchange at $1.34 on Friday.
Transjamaican revenues still down
More slippage for JSE USD market on Thursday
Trading on Thursday ended with the market declining after trading just under 45 percent more shares than on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in many more stocks falling than rising.
Six securities traded, similar to Wednesday, with prices of one rising, four declining and one remaining unchanged, resulting in the JSE USD Equity Index slipping 031 points to end at 211.77.
Overall, 658,389 shares changed hands for US$27,752 compared to 455,125 units at US$12,464 on Wednesday. The average PE Ratio ends at 12.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 109,732 units at US$4,625, up from 75,854 shares at US$2,077 on Wednesday. Trading averaged 80,524 units for the month to date at US$6,116 in contrast to 78,855 units at US$6,201 on Thursday. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, First Rock Capital dropped 1 cent in closing at 8 US cents with an exchange of 106,971 shares, Margaritaville ended at 9 US cents in trading 4,000 stocks, Proven Investments fell 0.02 of a cent to close at 26.97 US cents in exchanging 33,753 stock units. Sterling Investments dipped 0.3 of a cent to end at 2 US cents with an exchange of 336,049 shares, Sygnus Credit Investments rose 0.01 of a cent to end at 15 US cents with 7,616 stock units changing hands and Transjamaican Highway dropped 0.04 of a cent to end at 0.91 US cents trading 170,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Nice bounce for JSE USD stocks
Trading on Tuesday ended with the market rising after an exchange of nine times more shares than on Monday, at the close of the US dollar market of the Jamaica Stock Exchange, resulting in six securities changing hands, compared to four on Monday with two stocks rising, one declining and three remaining unchanged.
The JSE USD Equity Index climbed 4.98 points to end at 218.71. The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ends at 13.2.
Overall, 289,034 shares traded for US$36,227 up from 32,091 units at US$2,549 on Monday.
Trading averaged 48,172 units at US$6,038, in contrast to 8,023 shares at US$637 on Monday. Trading month to date averaged 79,037 units at US$6,451 in contrast to 81,028 units at US$6,478 on Monday. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital ended at 9 US cents in exchanging 12,558 shares, Margaritaville closed at 9 US cents, trading 673 shares, Proven Investments advanced 1 cent to close at 27 US cents in trading 126,273 stock units. Sterling Investments fell 0.14 of a cent to close at 2.3 US cents while exchanging 600 units, Sygnus Credit Investments rose 2.9 cents to closed at 14.9 US cents while exchanging 100 units and Transjamaican Highway settled at O.95 of a US cent trading 148,830 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market stocks mostly rose on Monday
Trading on Monday, ended with the market rising after trading 97 percent fewer shares than on Friday, on the US dollar market of the Jamaica Stock Exchange, after four securities changed hands, compared to six on Friday, with three rising, none declining and one ending unchanged.
The JSE USD Equity Index gained 2.13 points to end at 213.73, up 14.7 percent for the year to date. The average PE Ratio ends at 13 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 32,091 shares traded for US$2,549, down from 1,081,879 units at US$80,306 on Friday.
Trading averaged 8,023 units at US$637, in contrast to 180,313 shares at US$13,384 on Friday. Trading averaged 81,028 units for the month to date at US$6,478 in contrast to 84,309 units at US$6,741 on the prior trading day. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital gained 0.5 of a cent in closing at 9 US cents while exchanging 10,000 shares, Proven Investments ended at 26 US cents after trading 5,457 stocks, Sygnus Credit Investments advanced 1.08 cents to 15.08 US cents after 500 stock units changed hands and Transjamaican Highway rose 0.05 of a cent to close at 0.95 of a US cent, with 16,134 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 53 securities compared to 45 on Thursday and ended with 13 rising, 22 declining and 18 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and four with lower offers.
Proven Investments closed 23 cents lower at $37.77 in an exchange of 6,043 shares, Sagicor Group advanced $2.50 to $52.50 with 139,229 units changing hands. Salada Foods ended 41 cents higher at a 52 weeks’ high of $7.41 in an exchange of 137,535 shares, Stanley Motta shed 50 cents to close at $5.90, with 19,000 stocks crossing the exchange, Supreme Ventures closed 52 cents lower at $17.47 with a transfer of 419,230 shares, Victoria Mutual Investments fell 58 cents to finish at $6.82 in exchanging 233,240 units.
Traded ended with almost twice the number of stocks rising than declining, after 28 percent fewer shares with a 71 percent loss in value traded compared to Wednesday.
Trading averaged 207,068 units at $1,777,463, compared to an average of 249,560 shares at $5,280,650 on Wednesday. Month to date trading averages 229,207 units at $1,720,616, in contrast to 230,354 units at $1,717,673 on Wednesday. March averaged 354,304 units at $2,543,232.
Pulse Investments closed 28 cents higher at $4.36 after 395,700 stock units crossed the exchange, Salada Foods dipped 35 cents to $7 with an exchange of 359,341 units. Scotia Group fell $1 in ending at $42 in the swapping of 36,344 stocks, Supreme Ventures rose $1.04 to close at $17.99 with investors switching ownership of 62,609 shares and Victoria Mutual Investments rose 90 cents to end at $7.40 with 126,599 stock units clearing the market.
The All Jamaican Composite Index rose 937.30 points to 444,368.73, the JSE Main Index advanced 882.22 points to 404,765.12 and the JSE Financial Index remained unchanged at 100.37.
Trading averaged 249,560 units at $5,280,650, compared to an average of 209,290 shares at $1,133,757 on Tuesday. Month to date trading averages 230,354 units at $1,717,673, in contrast to 229,131 units at $1,490,898 on Tuesday. March averaged 354,304 units at $2,543,232.
Salada Foods jumped 85 cents ending at a 52 weeks’ high of $7.35 in switching ownership of 50,799 stocks. Seprod dropped $2.48 to end at $80.02 with 13,979 units changing hands, Stanley Motta rose 55 cents in closing at a 52 weeks’ high of $6.40 in transferring 1,008 stocks, Supreme Ventures ended 80 cents higher at $16.95 after trading of 147,975 shares and Sygnus Credit Investments gained 26 cents to close at $15.19 with 28,342 units crossing the market.
The All Jamaican Composite Index rose 267.24 points to 443,431.43, the Main Index gained 235.50 points to 403,882.90, but the JSE Financial Index slipped 0.19 points to settle at 100.37.
Trading averaged 209,290 units at $1,133,757, up from 153,438 shares at $953,283 on Monday. Month to date trading averages 229,131 units at $1,490,898, in contrast to 230,425 units at $1,514,180 on Monday. March averaged 354,304 units at $2,543,232.
Salada Foods shed 43 cents to end at $6.50 with 649,659 shares changing hands after trading at a 52 weeks’ intraday high of $7.43. Scotia Group gained 50 cents to finish at $43 with 6,799 stocks crossing the market and Seprod closed 50 cents higher at $82.50 with the swapping of 63,099 stock units.
Trading was halted towards the original close after the trading platform encountered problems, closing market activity until minutes to 3 pm ahead of the close for the day.
Trading averaged 153,438 units at $953,283, down from 272,764 shares at $2,129,432 on Friday. Month to date trading averages 230,425 units at $1,514,180, in contrast to 235,024 units at $1,554,972 on Friday. March averaged 354,304 units at $2,543,232.
Salada Foods gained 43 cents to close at a 52 weeks’ high of $6.93 in the trading of 118,708 stock units. Scotia Group gained 60 cents to end at $42.50 after exchanging 53,675 units, Seprod fell 50 cents to $82 with the swapping of 6,856 stocks and Victoria Mutual Investments gained 52 cents to end at $6.45 with 254,746 stock units changing hands.
A total of 52 securities traded, up from 49 on Thursday, with prices of 22 rising, 19 declining and 11 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.1.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than the last selling prices and three with lower offers.
Salada Foods picked up 30 cents to end at $6.50, with 174,920 shares changing hands, Scotia Group closed 34 cents higher at $41.90 after exchanging 27,609 stock units and Seprod fell 30 cents to $82.50 with 12,264 stock units changing hands.