TTSE: Buyers back off TCL

Tuesday, 3rd September 2013 | Trinidad Cement declined again today, this time by 10 cents, as the stock closed at $2.41 after trading 33,065 shares. The stock closed with 707,519 shares on offer at $2.40 without any stock posted to buy at the end of trading. The stock seems to have more of a price fall to go before it settles down again.

Market activity resulted from trading in 12 securities of which 1 advanced, 2 declined and 9 traded firm with 468,390 shares changing hands valued at $4.99 million.

Other stocks to trade in reasonable volumes include: National Flour Mills with 171,405 shares valued at $128,554 as it traded firm at 75 cents; National Enterprises 70,000 shares valued at $1,120,000 traded firm at $16. Jamaica Money Market Brokers contributed 65,300 shares with a value of $32,650 and the price holding firm at 50 cents. At the end of trading there were bids for 301,539 units at 43 cents and 190,111 to sell at 50 cents. Sagicor Financial Corporation added 59,274 shares valued at $406,027 trading firm at $6.85. Neal & Massy traded 4,500 units firm at $55.99, Point Lisa lost a cent to close at $3.74 but with just 1,000 units changing hands; Republic Bank traded 17,075 units valued at$187,421 firm at $110.01; Scotia Bank lost a cent to $70 with 991 units.

TTSESept3Clico Investment Fund, in posting a volume of 45,400 shares valued at $976,116, remained firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

TTSE: Trinidad Cement down 44 cents

Monday, 2nd September 2013 | The Trinidad stock market saw trading in 432,177 shares valued at $2,809,739 in Monday’s trading as 12 securities traded of which 1 advanced, 3 declined and 8 traded firm.

Trinidad Cement, last week’s big winner, led the market with 244,137 shares changing hands for a value of $638,206 as the stock shed 44 cents to close with the last traded price at $2.50. The stock closed the day with an offer of 525,277 shares at $2.50 and no stock on the bid to buy as profit taking sets in due to the stock climbing so far in such a short time frame.

Angostura Holdings with a volume of 64,212 shares accounted for $610,139 in value. National Enterprises contributed 40,000 units with a value of $640,000. National Flour Mills added 37,408 shares valued at $28,056. Sagicor Financial Corporation added 15,000 shares firm to end at $6.85, Republic Bank traded 1,800 units firm at $110.01 and Scotia Bank chipped in with 1,050 at $70.01 up a cent.

TTSESept2Clico Investment Fund posted a volume of 23,420 shares valued at $503,654 as the price remained firm at $21.50 the last selling price.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net

New additions to Buy Rated list

Welcome four new members to our elite Buy Rated list! All trade on the Jamaica Stock Exchange with Sagicor Life, Scotia Group and Scotia Investments on the main listing and Caribbean Producers (CPJ) on the Junior Market.

Sagicor150x150Sagicor Life‘s earnings per share in the June quarter amounted to 42 cents annualised out at $1.70 per share but after adjusting for a $120 million loss in a law suit, it is closer to $1.80 per share. All things being equal, 2014 earnings should exceed $2 per share and with the price at $8.20, there is much room for growth.

scotiabanklogo150x150Scotia Group gets the Buy Rated seal of approval based on the earnings of 94 cents in the latest quarter and strong gains in net income for the nine months to July as well as the July quarter. Looking forward, the full year’s results should end at $3.70 per share with next year’s results looking to exceed $4 per share — more than enough to stimulate a rally in the price.

Scotia Investments clocked in with earnings of $1.33 for the quarter with reduced costs in a number of areas. Our analysis of their numbers suggest full year results should exceed $4.60 per share and next year more than $5.

CaribbeanProducers(CPJ)280X150Caribbean Producers (CPJ) reported outstanding June quarter numbers, which suggest that the post-IPO expansion is starting to bear fruits in a major way. Strong growth is a indicator of robust profits ahead and we feel that this one is ripe for a take-off in the coming months.

TCement_280x150Trinidad Cement continues to be the star of the Buy Rated list. Some may be questioning how much further it can go having gained more 200 percent since the end of May. Our PE ratio chart says it has more room to run before it is fully valued based on this year’s company profit performance. Neal and Massy has come down in price as has Guardian Holdings and declines has made them more attractive buys.

Better than a broker’s ‘buy’ recommendationIC Insider has no vested interest in any stock transaction or conflict of interest. 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.

Related posts | Q2 profit up strongly at Sagicor | Scotia Group moves up in spite of NDX | Q3 profits up at Scotia Investments | CPJ’s big jump in profits | TTSE: 3 major changes in PE rankings

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

Image Courtesy of Collin Reid, Supreme Ventures/Courts/Scotiabank.

TTSE: 3 major changes in PE rankings

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There have been three major changes in the Trinidad stock market‘s PE Ratio chart due to price movements this week.

Trinidad Cement (TCL) gained 42 percent in the week and more than 200 percent since May. Questions may be asked as to how much further it can go but the PE ratio chart still has the TCL stock as the one with the greatest potential for growth in the market. It has more room to run before it is fully valued based on this year’s company profit performance so it’s still worth either buying or holding on to.

TTSE_PE+Aug30Neal and Massy has come down relatively sharply in price, as has Guardian Holdings. The declines have made them more attractive buys even though Guardian seem like it has further to fall before it bottoms.

Related posts | TTSE: TCL is hot | TTSE: Neal & Massy drops $2.93 | Guardian ongoing profits up 29%

Image courtesy of Jeroen Van Oostrom/FreeDigitalPhotos.net

TTSE: TCL is hot

Friday, 30th August 2013 | This week’s trading on the T&T stock exchange was almost all about Trinidad Cement as the stock shot up to a new 52 weeks high on Friday at $2.94 at the close, gaining 38 cents on the day as 472,131 units traded valued at $1,387,609. The stock gained 89 cents or 42 percent during the week. The price advance may cool for a few days as the stock closed with the offer 46,481 units at the last selling price and the bid was for only 528 units at $2.75. The rapid movement may keep buyers from chasing the price for awhile until demand come closer to supply. Next week will tell. The fundamentals nevertheless support further gains.

Jamaica Money Market Brokers traded 700,000 shares firm at 50 cents for a value of $350,000; National Flour Mills contributed 148,444 shares with a value of $111,333; while Sagicor Financial Corporation added 23,200 shares valued at $158,920 as the stock price gained 30 cents to end at $6.85. Point Lisa traded 6,946 units gained 9 cents to close at $3.75; Grace Kennedy traded 4,000 units firm at $3.30; Clico Investment Fund had 7,500 shares changing hands valued at $161,283 and closed firm at $21.50. At the close the bid for Clico was at $21.60.

TTSEAug30Today’s volume was 1,362,951 shares valued at $2,225,638 as 9 securities traded of which 3 advanced, none declined and 6 traded firm.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 4 stocks were higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net

TCL up 209% in two months

Update to our post of Aug 27th, 2013 | In early July we told our readers “Cement was good for your pocket“. While we don’t know many took our advice seriously, we do know is that there has been quite a bit of buying of this Trinidad based company’s shares driving the price from 94 cents up to $2.94 at the close of trading on Friday. Not bad for a two months investment!

The good news is that our estimates suggest that it not over with prospects for more gains to come as the stock rallies to better align its value with the overall market.

Related posts | TTSE: 3 major changes in PE rankings | Cement could be good for your pocket

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Original post dated 27th August 2013 | We called it! TCL stock gains 115%

You read right! Trinidad Cement Limited stock price has gained 115% since IC Insider made to call out to buy at the beginning of July when the price was at 95 cents. It has since risen to $2.05 in almost 2 months. Not a bad pay day at all!

It’s not too late for you to make money on this fast moving stock! From all indications the stock still has lots of room to grow with the price on Monday, August 26 at $2.06 and the bid at $2.13 on the Trinidad Stock Exchange.

The main objective of IC Insider is to provide readers with opportunities not only make money, but to earn above average returns and avoid losses. To view our latest Buy Rated stocks, click here.

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TTSE: TCL up 170% since May

Thursday, 29th August 2013 | Trinidad Cement stock price is up 170 percent since hitting a low of 95 cents in May, propelling the stock to yet another 52 weeks high as only 7,615 shares traded at a $2.56, up 25 cents. The stock closed with the bid for 492,663 units at $2.56 with no stock on offer, a strong indicator of further price gains.

Market activity resulted in 11 securities trading of which 4 advanced, 3 declined and 4 traded firm as 107,590 shares traded with a value of $935,680.

Angostura Holding traded a mere 26,775 units valued at $254,364 as the price closed at $9.50 for a gain of 33 cents. The bid closed at $9.51 for 10,000 units whist the offer was for 76,188 units at $10. Sagicor Financial Corporation had a small volume of 52 shares as the price closed down 30 cents at $6.55. National Flour gained 5 cents to 75 cents as 6,556 shares traded.

TTSEAug29Neal & Massy Holdings contributed 8,970 shares with a value of $502,320 and closed firm at $56. Jamaica Money Market traded 50,500 shares at 50 cents down 5 cents; Point Lisa traded 1,974 units at $3.66 off by 8 cents; National Enterprises traded 3,142 units firm at $16; Clico Investment Fund suffered a 5 cents fall to close at $21.50 as 1,655 shares valued at $35,583.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 2 stocks were higher with 2 stocks having offers lower than their last selling price.

TTSE: Low volume, low price changes

Wednesday 28th August 2013 |  With the exception of low priced Jamaica Money Market Brokers (JMMB) with 365,027 shares crossing the Trinidad Exchange and CIF with volume of 126,841 shares, trading was relatively low and so were the price changes as 11 securities traded of which 3 advanced, 4 declined and 4 traded firm with 524,976 units changing hands for a value of $3 million.

Jamaica Money Market Brokers (JMMB) 365,027 shares changed hands for a value of $200,765 as the stock traded firm at 55 cents. Grace Kennedy volume was 15,500 shares valued at $51,150 the stock closed at $3.30 down a cent. Sagicor Financial Corporation contributed 7,057 shares with a value of $48,340, the stock closed at $$6.95 losing 5 cents in the process, while National Flour Mills added 6,076 shares valued at $4,253 up a cent to 70 cents. Angostura Holding traded 1,000 units at $9.17 a gain of 4 cents. The trade of Clico Investment Fund units amounted to $2,720,466 and the stock price advanced by 18 cents to end at $21.45. Neal & Massy Holdings closed firm at $56.00 but only 729 units traded.

TTSEAug28IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 2 stocks were higher with 2 stocks having offers that were lower than their last selling price.

Trinidad Cement did not trade but it had 142,796 units on the bid at $2.56 compared to $2.31 for the last traded price. There are no stocks on offer at the close of trading.

First Citizens lousy investor’s relations

It was once said that as a country, Trinidad wanted to be the financial capital of the Caribbean, but recent activity on the country’s capital market indicates that they have a far way to go in achieving such a goal — if that is possible.

First Citizens Bank launched the largest ever Initial Public Offering (IPO) of shares in the history of the T&T Stock Exchange with a market value of approximately TT$1.1 billion on Monday 15th July at an offer price of TT$22 per share for 48,495,665 shares. The bank said the IPO will assist in widening its capital base in order to facilitate future strategic expansion plans. The offer was slated to close on August 9 and was extended to Monday, August 12th 2013 as the 9th was a public holiday.

First Citizens Brokerage & Advisory Services, a subsidiary of First Citizens Investment Services, is the Lead Broker for the Offer for Sale. The handling of the entire issue is a classic demonstration of poor investor relations and that is not a good sign for investors.

First_Citizensbuilding150x150Listing on September 16 | The T&T Stock Exchange has advised that First Citizens has applied to have its shares listed on the TTSE on September 16th 2013 subject to the approval of its application to list by the Board of the TTSE.

This is madness and is reflective of lack of sensitivity in their financial market. First off, the opening time for the issue was unnecessarily long so those who applied early had their funds tied up without any compensation. Even worse is after nearly a month of closing of the issue, investors are yet to know what is their allocation of shares. First Citizens said on their website that investors will find out between August 30 and September 6.

A check with the T&T Stock Exchange as to why it will take such a long time for the shares to be listed indicates that the problem is not with the Exchange, who are ready to list as soon the information is available and is approved by the Stock Exchange Council. A Stock Exchange source suggests that the delays maybe due to the broking community not being fully conversant with how to execute a timely IPO.

Oversubscription | Information obtained suggests that the issue was about two times oversubscribed with institutional investors probably being the main subscribers resulting in the high level of oversubscription.

While the management has made major missteps in dealing with this issue, IC Insider still rates the stock as Buy Rated based on the issue price and potential earnings. We believe there should be a steep appreciation in the stock’s value when it is compared with others within the financial sector.

Related Posts | First Citizens’ $1B IPO opens today | T&T Citizens Bank IPO oversubscribed | Buy Rated stock list grows

TTSE: TCL still roaring

Tuesday, 27th August 2013 | Trinidad Cement once more recorded another 52 weeks high as investors keep bidding the stock up with 87,000 shares changing hands for a value of $193,906 in today’s trading as it gained 25 cents to end at $2.31. The stock closed with the bid for 40,000 units at $2.36 and no stock on offer, a clear indication of further price gains.

Market activity resulted in 15 securities trading of which 8 advanced, 3 declined and 4 traded firm as 127,948 shares traded with a value of $930,672.

Sagicor Financial Corporation had a volume of 17,090 shares traded for $117,676 the price closed up 10 cents at $6.90. Neal & Massy Holdings contributed 4,663 shares with a value of $261,413 and closed at $56, while National Commercial Bank added 4,000 shares valued at $4,564 and closed firm at $1.15. Clico Investment Fund suffered a 3 cents fall to close at $21.27 as 7,207 shares valued at $153,291.

TTSEAug27Angostura Holding traded a mere 346 units at $9.13 a gain of 6 cents, the bid closed at $9.14 for 10,150 units. ANSA merchant bank traded 1,056 units at $38.60 for a 2 cents gain; Jamaica Money Market traded just 2,705 shares at 55 cents down 2 cents; One Caribbean Media chipped in with 1,225 units closed at $18.00 for a 1 cent loss; Scotia Bank gained a cent at the close of $70 with a mere 600 units trading; West Indian Tobacco traded 400 units firm at $117.05 while Unilever was up 6 cents at $55.31, a new 52 weeks high as the stock traded 700 units.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 3 stocks were higher with 4 stocks having offers lower than their last selling price