In photo are L-R (seated) Theredo Johnson, Shanae McDonald students Glenmuir High and Alexander James (Senior Equity Trader Advisor Barita Investments and Mentor for Glenmuir High) Back row Teachers Shane Boothe and Leslie James
After four weeks of trading in the Jamaica Stock Exchange Stock Market Game for High School, sponsored by Gleaner Company and LIME Jamaica Ltd, First time entrant Glenmuir High is in the lead, with a portfolio value of JMD 208,061.50 (of which 48.17% is in equities and the remainder is in cash). Munroe College is in second place with a portfolio value of JMD 206,244.71 and has 59.94% in stocks. Hampton School is in third place, with a portfolio comprised of 87.68% equity and a value of $204,826 or JMD 1,418.71 behind Munroe College. Daneek McKenzie of Alpha Academy has a portfolio value of JMD 106,050.00, 30.23% of which is in equities. She has cash balance of JMD 73,990. All of Daneek’s equity investment is in National Commercial Bank (NCBJ), which reported its year-end results on Thursday, November 5, 2009. Earnings per Share rose 17.51% to JMD 4.16, with total interest income growing 20.6%. Since the results were released, the stock price has jumped 22.46% from JMD 13.09 last Thursday, to close at JMD 16.03 on Wednesday, November 11. Since Oct 1, Daneek’s portfolio has gained 23.26%.
Theredo Johnson of Glenmuir High is second in terms of portfolio value. His portfolio value stands at JMD 105,872.50, of which 60.50% is in equities. Theredo holds 8 stocks varying across different industries, but primarily in finance and manufacturing. The majority of Theredo’s holdings is in DG (53.08% of equity holdings), followed by PJAM (18.27% of equity holdings). These are both fundamentally sound companies that have consistently reported strong earnings (DG reported a 48.8% increase in full year earnings for the period ended June 30, 2009 and PJAM reported robust six months earnings for the period ended June 30, 2009, with EPS increasing 37.46%). Just on month in the competition and Theredo has made a 13.75% gain on his investments.
Matthew Williams from Campion College is close behind Theredo with a portfolio value of JMD
105,709.00 with 53.84% in equities. He has a cash balance of JMD 48,796.00. 55.51% of his total equity
investment is in CCFG, with the remaining 49.39% in CAR, GKJ, NCBJ and MIL. CCFG recently reported its
third quarter results for the period ended September 30, 2009 and EPS fell to JMD 0.25 from JMD 0.34. Since the start of the competition, he has made a gain of JMD 1,273.00, or 2.29%. According to Mr. Alexander James, Senior Equity Trader & Investment Advisor at Barita Investments Ltd,There are seven more months of trading to go so follow your schools’ progress in the Gleaner’s Youthlink and Financial Gleaner.
Analysis was done by Ms. Michelle Hirst Manager, Equities & Research, Stocks & Securities Ltd.
