TTSE: Buy Rated Neal & Massy up $1

Tuesday, 19th November 2013 | Buy Rated conglomerate Neal & Massy Holdings closed up in trading on the Trinidad Stock Exchange as there was trading in 3,895 shares valued at $229,805 as the price closed up $1 to end at $59. On another day of light trading in small lots, the overall market activity had trading in 12 securities of which 2 advanced, 1 declined and 9 traded firm as 259,777 shares traded with a value of $1,674,227.

First Citizens Bank closed firm at $36 while trading 650 units; Trinidad Cement with 225,344 shares valued at $496,607 changing hands as the price drifted down by a cent to $2.20; Sagicor Financial Corporation 20,057 shares traded for $145,413 with the price holding firm at $7.25; Republic Bank contributing 5,220 shares with a value of $600,552 and the price gained 4 cents to end at $115.05; while Scotiabank had trading in 1,470 units and closed firm at $72.01.

TTSENov19Clico Investment Fund had of 2,143 shares valued at $46,075 as the price remained unchanged at $21.50.

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

TTSE: Low Monday trades

Monday, 18th November 2013 | Trading on the Trinidad Stock Market was moderate on the first business day of the week with only 375,130 shares being exchanged valued at $1,518,397 as 15 securities changed hands of which 2 advanced, 4 declined and 9 traded firm with no stock recording any noticeable price change.

Stocks that traded include First Citizens Bank with 5,023 units closing firm at $36; Firstcaribbean International Bank 2,343 units unchanged at $6.75; Jamaica Money Market Brokers 3,000 shares as the price gained 3 cents to end the day at $0.58; National Enterprises added 5,971 shares valued at $107,296 as the price closed firm at $17.97; Trinidad Cement exchanged 321,255 shares for $709,974 as the price closed at $2.21; National Flour Mills had 12,000 shares traded for $11,400 as it closed at 95 cents; Prestige Holdings contributed 6,111 shares with a value of $57,752, while the price closed up 2 cents at 95 cents. Grace Kennedy suffered a fall of 5 cents to close at $3.99 with only 297 units trading.

TTSENov18Clico Investment Fund had 18,000 shares valued at $387,000 changing hands as the price remained at $21.50.

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

Image courtesy of watcharakun/FreeDigitalPhotos.net

PE Ratios: Trinidad still has good buys

Friday, 15th November 2013 | The prices of a number of Trinidad stocks have been inching up ever since the First Citizens issue was listed on the exchange in September. However, even as the prices of several stocks have moved up, there are still a number of securities that are highly undervalued.

A look at the chart or graph below shows where the best opportunities lie. However, we must point out that Republic Bank selling at a PE of 16 is a very compelling buy, versus First Citizens’ 24 or Scotia Bank’s 23.

TTSE_PENov15thTrinidad Cement, in spite of climbing well over 100 percent since it hit bottom earlier this year and the reporting of below par third quarter numbers, is another compelling buy that we highly recommend to investors.

Related posts | TTSE PE: Republic fails to hold on | Republic ups stake in Ghanaian Bank |  TCL up 209% in two months

TTSE_PEChartNov15th

Image courtesy of Tungphoto/FreeDigitalPhotos.net

Buy rated: Trini stocks top Jamaican

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Friday, 15th November 2013 | The IC Insider’s selection of Buy Rated stocks is unchanged at the end of the week as Jamaican listed stocks continue to under perform on the local market while in Trinidad, a number of the stocks continue to appreciate in value.

The latest mover is Republic Bank, which moved up to $115.01 at the end of the week; Neal & Massy moved up to $58 continuing its slow recovery from a fall a few weeks ago. The price is still 97 cents away from the point of selection.

In Jamaica, Scotia Group slipped back further on Friday and so did Sagicor Life, even as the news in Jamaica have been more positive than negative in recent months, although not wildly so. The junior market stocks have been holding their position even as a few recorded sharp declines since getting the Buy Rated accolade.

Related posts | Carib Cement & AMG now Buy Rated | Buy Rated bargains

BuyRatedGrowthNov15The 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’.

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

TTSE: Scotia at new 52 weeks high

Friday, 15th November 2013 | Scotia closed at new 52 weeks high of $72.03 and has done so on several occasions this week when not many new highs were reached by others on the Trinidad Stock Exchange. Trading took place in 15 securities of which 2 advanced, 3 declined and 6 traded firm as 387,570 units valued at $10,037,110 changed hands.

ANSA McAL traded 82,045 shares for $5,439,300 as the price rose 6 cents to $66.30. Firstcaribbean International Bank traded 4,367 shares to close unchanged at $6.75; First Citizens traded 15,681 valued at $564,516 to closed unchanged at $36; Guardian Holdings added 6,414 shares valued at $95,825; Jamaica Money Market Brokers traded 130,500 shares with a value of $71,775 and closed at 55 cents, down 5 cents; Sagicor Financial Corporation traded 1,852 units to close firm at $7.25; Scotiabank traded 3,474 units and closed up 39 cents to end the day at $72.05 a new 52 weeks high. West Indian Tobacco traded 4,997 units to close firm at $120.00; One Caribbean Media dropped 20 cents to close at $18.10 with 325 shares trading.

TTSENov15Clico Investment Fund exchanged 137,895 shares valued at $2,964,743 but the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks higher and 3 stocks with offers lower than their last selling price.

TTSE: Neal & Massy dominant with $14.6m

Thursday, 14th November 2013 | Neal & Massy Holdings was the dominant trade on Trinidad Market with volume of 251,640 shares changing hands for a value of $14,595,120 with price remained unchanged at the end at $58. Trading occurred in 15 securities of which 2 advanced, 2 declined and 11 traded firm as 480,595 units valued at $16,120,133 changed hands.

First Citizens traded 15,920 to close unchanged at $36; Grace Kennedy suffered a loss of 5 cents to close at $4.04; Jamaica Money Market Brokers traded 46,000 shares with a value of $27,600.00 and closed firm at 60; National Commercial Bank, which is expected to announce both full year’s results and a dividend later today, had a volume of 94,892 shares valued at $109,126 as the price closed up a cent to $1.15; Point Lisas Industrial Port added 32,533 shares valued at $123,777 as the price inched up a cent to $3.80; Republic Bank traded 4,447 units at $115.01; Trinidad Cement traded 19,583 units unchanged at $2.20.

TTSENov14Praetorian Property Mutual Fund traded a volume of 6,000 shares valued at $21,600 and closed firm at $3.60.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 2 stocks higher and 3 stocks with offers lower than their last selling price.

TTSE: Prices fairly stable

Wednesday, 13th November 2013 | A total of 14 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday of which 4 advanced, 2 declined and 8 traded firm resulting in 241,079 units being exchanged for $$4,119,449.

Jamaica Money Market Brokers had 103,500 shares changing hands for a value of $62,100 and the price remained at 60 cents; First Citizens traded 3,707 units and closed up a cent at $36; Guardian Holdings traded 2,000 units at $14.96 down 3 cents; Neal & Massy Holdings had a volume of 54,020 shares trading for $3,133,160 at 58 each. Prestige Holdings had only 2,000 units trading but at a new 52 weeks high of $9.43. Scotia Investments contributed 32,500 shares with a value of $58,928 while falling 13 cents to close at $1.81; Sagicor Financial Corporation added 11,000 shares valued at $79,750 with the price remaining at $7.25; Scotiabank gained 4 cents to end the day at $71.66, another 52 weeks high as 750 units were traded. Trinidad Cement put in 10,515 units as the price held at $2.20.

TTSENov13Clico Investment Fund saw trading in 16,954 shares valued at $364,511 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.

TTSE: Republic puts on $2

Tuesday, 12th November 2013 |  IC Insider’s Buy Rated Republic Bank jumped $2.01 to end the day at $115.01 as 2,786 units traded on a day when trading levels were very low. The number of companies involved in trading increased to 14 from just 9 on Monday of which 5 advanced, 2 declined and 7 traded firm with a mere 97,729 shares traded, valued at $2,296,309. Scotia Bank and Unilever hit new 52 weeks high at the end of trading.

In trading, Trinidad Cement had a volume 16,000 shares changing hands for a value of $35,201 as the price remained unchanged at $2.20; First Citizens Bank volume was 9,295 shares valued at $334,596 as the price closed firm at $35.99; Jamaica Money Market Brokers added 5,815 shares valued at $3,499 as it closed firm at 60 cents; Neal & Massy had a volume of 3,956 units as the price gained 33 cents to land at $58; Sagicor Financial Corporation contributed 9,278 shares with a value of $67,266, while the price closed unchanged at $7.25. West Indian Tobacco traded unchanged at $120 with 2,471 units trading.

TTSENov12Clico Investment Fund posted a volume of 45,110 shares valued at $969,851 as the price closed unchanged at $21.50.

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

Buy Rated bargains

Monday, 11th November 2013 | The stock market in Trinidad continues to maintain most of the gains registered for our Buy Rated selection with only 3 negative movements so far and 8 registering some gains ranging from 3 percent to 120 percent with one that has not mowed.

Our Jamaica Stock Market selections have not fared as well with most registering declines to date but they still remain attractive buys. In fact, a number have become even better buys now than when we selected them. Remember that the greater the fall in price, the better the chance of success if investors buy in at the low prices.

Related posts | Carib Cement & AMP now Buy Rated

BuyRatedPerformanceThe 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’.

Carib Cement & AMG now Buy Rated

Monday, 11th November 2013 | We added two new stocks to the Buy Rated list based on the information emanating from their latest quarterly results.

Caribbean Cement underwent major changes to its finances with the parent company, Trinidad Cement, restructuring the debt by converting it to preference shares thus cutting cost of financing. Revenues have also climbed with increased prices and volume sales.

AMG Packaging sales are growing in double digits and was up 37 percent in the quarter ending August. A new, multi-functional machine is in the factory and expected to be in production in December and will replace older manual ones and a rotary die cut machine. Management states that the new machine will allow for automation of the processes. This will make for more efficiency in the production process and allow for increased production and sales to meet demand. The company is expecting significant reduction in overtime and energy costs as a result of the new machine.

Related posts | Carib Cement turns profit | AMG gearing for further growth

Buy&WatchNov11About Buy Rated stocks | 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’.