TTSE: Up start to a new week

December 16, 2013 by

Monday, 16th December 2013 | The Trinidad & Tobago Stock Market recorded trading in 14 securities of which 5 advanced, 3 declined and 5 traded firm as 177,557 shares with a value of $1,533,289 changed hands. At the end of trading the Composite Index advanced by 0.83 points to close at 1,174.57, the All T&T Index advanced by 1.33 points to close at 1,971.86 and the Cross Listed Index advanced by 0.04 points to close at 49.52.

Trading took place in First Citizens Bank which enjoyed an 86 cents gain to end the day at $37.00; Grace Kennedy had 100,000 shares changing hands for a value of $355,020 with the price moving up 20 cents to $3.70, Angostura Holdings with 25,000 shares traded for $312,500 suffering a price fall of 25 cents to end at $13.50; National Commercial Bank contributed 9,020 shares with a value of $10,012 but the price remained unchanged at $1.11; Point Lisas Industrial Port Development had 4,155 shares trading at $3.70 by gaining a cent; Trinidad Cement traded 2,000 units as the price gained 2 cents to end at $2.20; Sagicor Financial Corporation added 5,745 shares valued at $40,272 as the price remained unchanged at the end of trading at $7.01 and so too for National Enterprise that traded 1,680 units to end at $17.60.

TTSEDec16Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 25,743 shares valued at $558,623 remained at $21.70. One Caribbean Media closed at a new 52 weeks high of $18.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 4 stocks higher with 2 offers lower than their last selling prices.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

Marked changes for Buy Rated stocks

December 13, 2013 by

Friday 13th December 2013 | There were a number of noticeable price changes to Jamaican stocks on the IC Insider Buy Rated Stock list, while the prices of the Trinidad stocks were fairly stable with the exception of Trinidad Cement (TCL) that slipping by 7 percent by the end of the week. However, TCL is still the star performer with a 118% increase since being added to the Buy Rated stock list.

JSE Junior Market | Access, which is up 21 percent since being selected as a Buy Rated stock, gained a bit during the week based on the bid price which is above the last selling price. Blue Power lost 7 percent to end at $9.38, Caribbean Producers moved up to $2.50 during the week for a gain of 23 percent but Lasco Financial lost 15 percent during the week to sit on a 28 percent loss and Lasco Manufacturing is still down 16 percent after losing 1 percent during the week.

JSE Main Market | Barita gained 13 percent during the week to break even since being added to the Buy Rated list. According to stockbroker Mayberry Investments, Barita reported 2013 profits to September of $70.3 million versus $255 million in 2012. On the surface this seems disastrous but when the one-off loss of $240 million gross arising from the swapping of government bonds for new lower yielding ones is factored in, earnings would have been around $230 million for the year. The data for the year end results suggest a small loss was picked up in the last quarter as the company had reported a profit of $78.6 million up to June and the figures indicate a loss of $79 million on disposal of investments in the last quarter. Going forward, Barita should not encounter another debt exchange charge and has been able to recover from the reduction in interest rates obtained on the government debt. IC Insider will have a full analysis of Barita’s results with a forecast for 2014 when they are available.

BuyRated13DecCaribbean Cement gained 7 percent during the week but is under water 14 percent; Grace gained 7 percent for the week and is up 9 percent; Hardware & Lumber is up 14 percent based on the bid; National Commercial Bank is down 4 percent for the week and 12 percent from selection with the market reacting negatively to the company’s year end results; Sagicor Life lost 5 percent for the week and 15 percent since selection and Scotia Group fell 9 percent in the week and 11 percent since being selected; Scotia Investment gained 4 percent for the week and is up 3 percent so far.

On the Trinidad Exchange, Republic Bank earnings was upgraded to $9.50 based on 2014 prospects and is therefore a more attractive Buy Rated stock now that the 2013 results are out.

Of great note is that many of the Jamaican stocks, particularly those on the junior market, have very limited supplies and therefore could move significantly in the medium term. The message from the market is buy now while supply can be easily had.

Related posts | Profits up at Barita | NDX hits out Barita’s profit

Filed Under: Company News, JSE Main Market, Stock Market, TTSE Market Tagged With: ,

TTSE: TCL dominates

December 13, 2013 by

Friday, 13th December 2013 | Trinidad Cement dominated trading on the last day of the week on the T&T Stock Exchange with 2,781,835 shares changing hands for a value that was more than half of the total amount that traded as investors forked out $6,067,912, but the price fell 5 cents to close at $2.18.

Overall market activity resulted from trading in 10 securities of which 1 advanced, 3 declined and 6 traded firm as 2,914,562 shares changed hands valued at $11,247,176.

The Composite Index declined by 0.17 points to close at 1,173.74; the All T&T Index declined by 0.28 points to close at 1,970.53 and the Cross Listed Index declined by 0.01 points to close at 49.48.

TTSEDec13Trading resulted in Guardian Holdings 6,000 units firm at $13.50; National Enterprises 1,015 units to close at $17.60; National Flour Mills had 5,360 units as the price closed at 95 cents; Neal & Massy Holdings added 14,967 shares valued at $885,595 and close a cent up at $59.17. Sagicor Financial contributed 50,000 shares with a value of $350,500 and closed at $7. Scotiabank, with a volume of 52,145 shares, traded for $3,781,099 to close at $72.50.

Clico Investment Fund, swapped 2,590 shares valued at $56,203 as the price remained unchanged at $21.70.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 4 stocks higher with 2 offers that were lower than their last selling prices.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

TTSE: $21M spent on Clico & Republic

December 12, 2013 by

Thursday, 12th December 2013 | The Trinidad stock market enjoyed a buoyant day but more in terms of the value of trading rather than in quantity of shares. 729,660 shares traded valued at $22,288,721 as Republic Bank and Clico Investment completely dominated trading by accounting for over $21 million. Market activity resulted in 11 securities trading of which 5 advanced, 1 declined and 5 traded firm.

The Composite Index declined by 1.81 points to close at 1,173.91; the All T&T Index declined by 3.65 points to close at 1,970.81 and the Cross Listed Index remained at 49.49.

Clico Investment Fund, posted a volume of 631,723 shares valued at $13,708,370 and the price advanced by 2 cents to end at $21.70.

TTSEDec12First Citizens Bank traded 1,220 units and moved up 2 cents to close at $36.14; Guardian Holdings contributed 4,600 shares with a value of $62,100, the stock closed firm at $13.50; National Flour Mills added 3,400 shares valued at $3,230 while closing firm at 95 cents; Republic Bank traded 72,006 shares valued at $8,328,214 and closed up by 5 cents to end at $115.66; Point Lisas Industrial Port had a volume of 12,889 shares trading for $48,084, the price closed 10 cents down at $3.70.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 6 stocks higher and 4 stocks with offers lower than their last selling prices.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

TTSE: Trading up

December 11, 2013 by

Wednesday, 11th December 2013 | Trading picked up on Wednesday with 19 securities trading of which 6 advanced, 3 declined and 10 traded firm as of 346,903 shares changed hands with a value of $7,443,799.

The Composite Index advanced by 3.50 points to close at 1,175.72, the All T&T Index advanced by 6.98 points to close at 1,974.46 and the Cross Listed Index advanced by 0.01 points to close at 49.49.

The main securities to trade include Trinidad Cement with 136,065 shares at a value of $303,277 as the price closed down 3 cents to $2.23; Agostini’s with 64,000 shares trading for $1,149,640 to close at $17.80 down 19 cents; Angostura Holdings contributed 27,750 shares with a value of $353,813 but the price fell 25 cents to close at $12.75; First Citizens ended up at $ 36.07 after trading as high as $36.82, in the end the price closed up 3 cents with just 1,596 units changing hands; Sagicor Financial Corporation saw 4,501 units trading to close at $7.01 up a cent and Scotiabank added 25,282 shares valued at $1,833,186 to close up 40 cents at $72.50 for a new 52 weeks high and West Indian Tobacco closing up 3 cents to $120.04 after trading as high as $121.47.

TTSEDec11Stocks trading unchanged during the day include, National Commercial Bank 18,180 units at $1.11; National Enterprises 14,321 shares at $17.60; Prestige Holdings 11,090 units at $9.45; Jamaica Money Market Brokers 10,000 units at 51 cents; ANSA McAL 5,793 shares and closed at $66.30 and Guardian Holdings  2,232 units at $13.50.

Clico Investment Fund only traded 817 shares valued at $17,713 with the price inching up by a cent to end at $21.68.

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

Filed Under: Stock Market, TTSE Market Tagged With: , ,

TTSE: Light trading day

November 25, 2013 by

Monday, 25th November, 2013 | Trading on the Trinidad Stock Exchange resulted in 8 securities changing hands, no stocks recorded gains during the day, 4 declined and 4 traded firm as a total of 240,905 shares traded for a value of $1,708,018.

The Composite Index declined by 2.98 points to close at 1,181.36. The All T&T Index declined by 5.89 points to close at 1,970.46. The Cross Listed Index declined by 0.02 points to close at 51.41.

Trading was in Angostura Holdings 1,129 shares as the price closed at $13, down 14 cents; Guardian Holdings 2,334 units to close at $14.70, down 13 cents; Jamaica Money Market Brokers with 125,000 shares changing hands with a value of $63,750 closed firm at 51 cents; Jamaica’s National Commercial Bank had a volume of 30,000 shares for $34,500 as the price closed unchanged at $1.15; National Enterprises contributed 13,687 shares with a value of $240,932 as the price declined by 37 cents to close at $17.60, while Sagicor Financial Corporation added 12,000 shares valued at $86,400 as the price closed at $7.20 down 2 cents.

TTSENov25Clico Investment Fund exchanged 56,460 shares valued at $1,213,890 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is pointing to a fluid situation between advancing and declining stocks with bids for 4 stocks higher and 3 stocks with offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

New additions to Buy Rated stocks

November 25, 2013 by

Monday, 25th November 2013 | There are two additions to the Buy Rated and Market Watch list for the coming week. Added to the Buy Rated stock list is Jamaican Teas due to a 30 percent gain in profits for the year ended in September flowing from a 46 percent jump in export sales, sales of apartments in its first real estate development and expectation of further growth in 2014.

Carreras is added to the Market Watch list based on IC Insider’s assessment for earnings around $5 per share for the current fiscal year and dividend yield above 10 percent. Trading in the mid $30’s, this stock has a very good chance to head back into the mid $40 range.

BUyRatedGRowthNov25Performance tracking | During the past week, a few of the Jamaican stocks made some recovery with JMMB breaking even in Jamaica but has retreated in Trinidad. Access Financial is up 15 percent so far but Lasco Financial and Manufacturing are still off by good margins. The selections in the main market remain mostly under water, but the ideal time to buy may be slipping away as prices seem to be at their bottom. More importantly, there are indicators that a year-end market rally will happen again in December.

While Jamaica has disappointed, the same can’t be said about Trinidad. There are only two losers so far; Guardian Holdings and Scotia Investments. During the past week Neal & Massy, that had declined below the price at the time of selection, has bounced back from its low to be just slightly ahead at the close on Friday.

What seems clear, is that the focus ought to be on longer term performance rather than just short term gains. The Trinidad market performance of slow price movements illustrates this very well. There are also signs in the Jamaican market suggesting the same, the major difference being the Jamaican market is more aggressive with price movements.

Related posts | Exports push Jamaican Teas’ profit | Carreras down but not out |  Jamaican Teas raises over $100m

BUYRatedWatch_Nov25

 

Filed Under: Company News, JSE Main Market, Stock Market, TTSE Market Tagged With: , ,

TTSE PE: Values hardly dented

November 22, 2013 by

Friday, 22nd November 2013 | The PE ratio chart for Trinidad Stocks showed little change from last week.

Added to the chart is ReadyMix (WI) Ltd. a subsidiary of Trinidad cement. Based on the results to September, the company appears over valued  but the company’s results have been turned from a loss in 2012 to a profit this year.

BUyRatedGRowthNov25We have updated earnings for a number of companies based on their September results. The chart shows that there are still very good stock values in the Trinidad market with potential for good levels of appreciation.

Our chart of the Top 8 Stocks with potential gains is a good place to start when looking to buy.

Related posts | New additions to Buy Rated stocks

YYSE_PENov22Top8Stocks

Filed Under: Stock Market, TTSE Market Tagged With: ,

TTSE: Moderate trading ends week

November 22, 2013 by

Friday, 22nd November 2013 |  Trading on the Trinidad Stock Exchange was once again light with 703,189 shares valued at $2,000,769 changing hands on the last trading day of the week. At the close there was trading in 14 securities of which 4 advanced, 4 declined and 6 traded firm.

Angostura Holdings contributed 23,000 shares with a value of $302,150 as the price declined by 10 cents to end at $13.14; FirstCaribbean International Bank traded 9,000 units and closed firm at $6.75; First Citizens Bank added 12,175 shares valued at $438,313 and closed frim at $36; Guardian Holdings traded 8,680 units and suffered a loss of 11 cents to close at $14.83; Jamaica Money Market Brokers exchanged 512,460 shares for a value of $261,355 while losing 4 cents to close at 51 cents, as the stock reacted to weakness in the price in Jamaica over the past three weeks; Sagicor Financial Corporation 11,500 units at $7.22 up 2 cents; Trinidad Cement had a volume of 100,000 shares being traded for $225,000 and closed at $2.25, up 4 cents.

TTSENov22Clico Investment Fund traded 22,130 shares valued at $475,795 and closed firm at $21.50. Praetorian Property Mutual Fund declined by $0.05 to end at $3.55 as 1,000 shares traded.

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

 

Filed Under: Stock Market, TTSE Market Tagged With: , ,

TTSE: Very low trades

November 21, 2013 by

Thursday, 21 November 2013 | Trading activity on the Trinidad Stock Exchange fell off with the number of company stocks traded being down and the level of trade per stock being small except in a few cases. Overall market activity resulted in trading of 9 securities of which 3 advanced, 2 declined and 4 traded firm. Trading took place only in the main market with 354,204 shares being exchanged, valued at $3,196,217.

FirstCaribbean International Bank traded 14,470 shares with a value of $97,673 as the price remained unchanged at $7.25; First Citizens Bank with a volume of 62,733 shares being traded for $2,258,999 closed firm at $36; while Jamaica Money Market Brokers had 270,000 shares changing hands for a value of $148,700 with the price closing at 55 cents off by 3 cents; Neal & Massy swapped 980 shares with the price increasing 10 cents to end the day at $59.11; Republic Bank added 5,220 shares valued at $600,613, the price was at $115.06 up 2 cents at the end of the day.

TTSENov21IC 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 5 stocks with offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: , ,