TTSE: Republic Bank set to rally?

Wednesday, 9th October 2013 | Republic Bank seems poised to break out even as it traded just 389 units unchanged at $110.05 on the Trinidad Exchange. There was demand for 46,879 units on the bid at $110.05 with no stock offered at the close of trading, suggesting that the price is set to rise as the valuation based on PE is just 15 compared with more than 22 for both Scotia and First Citizens Bank.

Trading continues to be low on the Trinidad & Tobago Stock Exchange as market activity resulted in trading in 13 securities of which 3 advanced, 4 declined and 6 traded firm with 464,217 units valued at $5,961,096. National Enterprises closed at a 52 weeks high of $17.04 but with a very small volume.

JSEIndicesOct9Recently listed First Citizens Bank traded 14,436 units valued at $505,260 to close firm at $35; Guardian Holdings suffered a loss of 50 cents to close at $15 as 1,457 units were traded; Jamaica Money Market Brokers saw 196,280 shares changing hands for a value of $108,294 as it closed down a cent at 55 cents; Point Lisas with 31,000 shares worth $117,800 increased by 5 cents to end the day at $3.80. Neal & Massy Holdings contributed 24,903 shares with a value of $1,407,329 to close firm at $56.50, while National Flour Mills added 18,500 shares valued at $16,835 and closed at 91 cents after losing a cent on the day.

Clico Investment Fund in posting a volume of 172,060 shares valued at $3,666,932 declined by 12 cents to end at $21.31.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 3 stocks being higher and 4 stocks with offers lower than their last selling price.

TTSE: Angostura at 52 weeks high

Tuesday, 8th October 2013 | The volume of trading picked up and so was the amount invested on the Trinidad & Tobago Stock Exchange as there was trading in 10 securities of which 4 advanced, 2 declined and 4 traded firm. Trading activity accounted for a volume of 477,551 shares valued at $8,032,797. There were two stocks that hit 52 weeks high, Angostura Holdings at $11 and National Flour Mills at 91 cents.

Trading picked up for First Citizens resulting in 172,905 shares changing hands for a value of $6,051,857 as the price closed at $35; National Flour Mills traded 113,561 units valued at $104,074 and closed up 5 cents to 91 cents a new 52 weeks high; Scotia Investments Jamaica contributed 55,000 shares with a value of $107,250, as the price closed firm at $1.95 while Trinidad Cement added 48,247 shares valued at $103,731 and the price remained unchanged at the end of trading. Sagicor Financial Corporation exchanged 5,197 shares for a value of $37,678 as the price closed unchanged at the end of the day at $7.25.

TTSEOct8Angostura Holdings exchanged 4,639 units as the stock traded at a new 52 weeks high of $11 by gaining 50 cents for the day. Clico Investment Fund posted a volume of 64,899 shares valued at $1,390,999.47 as the price declined by $0.04 to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price.

TTSE: Trading levels drop again

Monday, 7th October 2013 | The prices of three stocks hit new 52 weeks high on Monday on the Trinidad & Tobago Stock Exchange as there was trading in 13 securities of which 5 advanced, 1 declined and 7 traded firm.

There was trading in 192,629 shares valued at $2,939,673. First Citizens Bank contributed 20,753 shares with a value of $726,606, while Jamaica Money Market Brokers added 8,500 shares valued at $4,675; Prestige Holdings closed firm at $9.40 with 4,051 units; Sagicor Financial Corporation exchanged 50,000 shares for a value of $362,380; Scotia Bank traded 5,483 units to close at a 52 weeks high of $70.25, an increase of 20 cents; Trinidad Cement with 41,039 shares being traded for $88,234.

TTSEOct7Grace Kennedy traded 1,000 shares to close at $3.80, an increase of 29 cents as the closing price ended at the equivalents of JS$63 while it traded at J$56 on Monday on the Jamaica Stock Exchange. Conversely, Scotia Investments declined by 4 cents to end the day at $1.95 as a mere 209 shares changed hands.

Clico Investment Fund had 60,080 shares changing hands valued at $1,290,203 as the price advanced by 16 cents to end at $21.47.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 5 stocks being higher and 2 stocks with offers lower than their last selling price.

Buy Rated: Some gains, some losses

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Since we last looked at the performance of our IC Insider Buy Rated Stocks two weeks ago on 23rd September 2013, there have been some gain and losses. It’s been a full three months since we boldly started to ‘name names’ and now is the right time to do a full recap to see how we’re doing — or not!

Of the eleven Buy Rated stocks on the Trinidad & Tobago Exchange, only two are down, namely Guardian Holdings, off 5 percent and Neal & Massy 4 percent. Trinidad Cement is up 115% and still has room to grow based on its PE Ratio. First Citizens scored a whopping 52% for the short one month timeframe it made the list. Grace Kennedy is up 9 percent, JMMB 10 percent, Sagicor Financial 7 percent and Scotia Investment 6 percent.

So far, Buy Rated selections listed on the Jamaican market are not as successful with no gains to speak about. Meanwhile, Lasco Financial is down 19 percent and Jamaica Broilers is off by 14 percent.

It’s still early days yet. The Buy Rated selections are meant to identify stocks that will do well over the next twelve months. Short term pull backs are not negatives and are in fact buying opportunities for the serious investor.

BuyRatedgwthOct4

Related post | No change to Buy & Watch list | TTSE: PE ratio changes for the top 5Buy rated stock tracking

The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please choose the category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

TTSE PE: Changes in ranking

Friday, 4th October 2013 | The PE Ratio chart continues to show good potential for a number of stocks to provide decent gains in the months ahead on the Trinidad & Tobago Exchange.

There are some stocks that appear to be fully priced with a limited likelihood of growth and there are those that are riskier than stocks with very low PEs relative to their peers.

TTSE_PE+Oct4Trinidad Cement still sits atop the heap with potential for 500 percent gains followed by Guardian Holdings, Berger Paints that has not been trading and National Flour that climbed to 87 cents at the end of the week.

National Enterprises is now up to $17.02 which reduces the potential gains to 35 percent and Angostura Holdings gains is now down to 26 percent.

TTSE_PE+Oct4TOP5stocks

TTSE: Returns to low trading

Friday, 4th October 2013 | Activity on the Trinidad Stocks Exchange on Friday was moderate with trading in just 7 securities of which 3 advanced, 3 declined and 1 traded firm. The low level of trading is reflected in only 223,296 units changing hands valued $2,933,256 but with two stocks reaching new 52 weeks high.

Jamaica Money Market Brokers traded 134,333 shares for a value of $73,883 as the price remained firm at 55 cents. First Citizens Bank traded only 45,585 shares valued at $1,595,712 as it closed a cent up to $35.01. National Enterprises contributed 5,500 shares with a value of $93,605 while the price moved up to $17.02, up by 20 cents for a new 52 weeks high. Republic Bank added 3,927 shares valued at $432,088 and lost a cent in the process to close at $110.03. Trinidad Cement fell 5 cents to close at $2.15 trading 724 shares and Unilever closed up a cent at $55.53 with 827 units trading, a new 52 weeks high.

TTSEOct4Clico Investment Fund declined by $0.20 to end at $21.31 with 32,400 shares valued at $690,488.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.

TTSE: Low Citizens, low trading

Thursday, 3rd October 2013 | Trading levels remained low on the T&TSE with 663,353 units trading with a value of $6,450,745 with trading in 13 securities of with 3 advancing, 2 declined and 8 traded firm.

Sagicor Financial Corporation was the dominant traded security with 502,739 shares changing hands for a value of $3,644,858 as the price fell 4 cents to $7.26. First Citizens only contributed 47,367 shares to trading with a value of $1,658,029 as the stock traded firm at $35. Trinidad Cement added 45,515 shares with a value of $100,133, closing $2.20 while Point Lisas Industrial Port chipped in with 26,126 shares valued at $97,973 the price closed firm at $3.75.

TTSEOct3Guardian Holdings, increased 50 cents to end the day at $15.50 as 15,000 units traded. Clico Investment Fund in posting a volume of 19,779 shares valued at $425,505 resulted in a decline in the price by 9 cents to end at $21.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 2 stocks with offers lower than their last selling price.

TTSE: Low activity on TTSE

Wednesday, 2nd October, 2013 | First Citizens Bank traded 90,294 shares on Wednesday as the price closed firm at $35 for a total value of $3,160,256 as the overall T&TSE market had trading in 12 securities of which 7 advanced, 4 declined and 1 traded firm as 290,457 shares changed hands valued at $5,690,199.

Angostura Holdings put in 5,000 units increased 45 cents to $10.50; Jamaica Money Market Brokers with a volume of 50,000 shares amounting to $27,500, the price gained 5 cents to close at 55 cents; National Enterprises traded 6,435 units, increasing 88 cents to end the day at $17; Guardian Holdings closed firm at $15 with 11,252 units trading; Republic Bank traded 3,347 units off a cent to close at $110.03; Sagicor Financial Corporation contributed 24,774 shares with a value of $180,505 as the price remained firm at $7.30, while Trinidad Cement added 16,435 shares valued at $36,171 with the price moving up to $2.21.

TTSEOct2Clico Investment Fund in posting a volume of 72,295 shares valued at $1,561,353, advanced by $0.02 to end at $21.60

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bid for 1 stock being higher and 2 stocks with offers lower than their last selling price.

TTSE: Trading volume low

Tuesday, 1st October, 2013 | First Citizens Bank traded only 6,918 to close down a cent at $35, and as a result, trading levels fell on the Trinidad market on the first trading day of October. In the end, 307,425 units traded at a value of $9,689,530 with trading in 11 securities of which 4 advanced, 2 declined and 5 traded firm.

Guardian Holdings, an IC Insider buy rated stock, contributed 19,238 shares with a value of $288,823. Grace Kennedy closed at $3.51 up 19 cents with 4,328 stock trading. Republic Bank, with increased buying interest in last few days, had a volume of 67,411 valued at $7,417,906, twice the 33,442 shares that traded on Monday but the price held firm at $110.04, National Flour Mills added 14,580 shares valued at $12,539; Neal & Massy traded 3,000 units and gained 35 cents to end the day at $56.46. Trinidad Cement had 145,000 shares changing hands valued at $311,850 as the price shed 6 cents to end the day at $2.15, while Sagicor Financial added 8,000 shares as the price remained unchanged at $7.30. Active trader, Clico Investment Fund contributed 35,000 shares valued at $755,300 to the market activity, as the price advanced by a cent to end at $21.58.

TTSEOct1IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.

TTSE: First Citizen breathes fresh life

Monday, 30th September 2013 | The recently listed First Citizens Bank is doing wonders for the Trinidad & Tobago Stock Exchange. On the final day of September, the stock accounted for the vast majority of trading with 800,904 shares changing hands for a value of $28,038,569 as the price closed at $35.01 out of a total of 858,551 shares traded valued at $31.8 million. The total funds invested in the market climbed to one of the biggest days in recent months with trading in 11 securities of which 2 advanced, 4 declined and 5 traded firm.

The IC Insider buy rated Republic Bank that has seen increased buying interest over the last few days had a volume of 33,442 shares trading for $3,679,958 as the price held firm at $110.04. Another buy rated stock, Trinidad Cement contributed 19,500 shares with a value of $43,095, while Sagicor Financial added 3,000 shares valued at $21,900 as the price rose 30 cents to $7.30. Infrequently traded Guardian Media suffered a drop of $0.25 to close at $19.50 with only 510 units traded. Scotia Bank traded at a new 52 weeks high of $70.05, up a cent, with a small volume of just 20 shares.

Active trader, Clico Investment Fund was the only able to contribute 400 shares valued at $8,628 to the market activity and declined by a cent to end at $21.57.

TTSESept30IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.

The bid on Grace Kennedy closed at $3.50 or JS$56 with 185,800 shares. The stock last traded at $3.32 on September 23. The increase comes partially out of the recent announcement of the resumption of the stock buyback program.

Image courtesy of Photokanok/FreeDigitalPhotos.net.