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’.

TTSE: Clico fund tops market

Monday, 11 November 2013 | As it was on Friday, the market was dominated by Clico Investment Fund as the fund recorded a volume of 156,183 shares valued at $3,357,910 out of a total of 273,015 shares that traded on the market valued at $4,531,868. The price for the fund remained at $21.50.

Overall Market activity resulted from trading in 9 securities of which 2 advanced, 4 declined and 3 traded firm.

Trading activity saw First Citizens Bank volume of 2,360 shares as the price closed down a cent at $35.99; Guardian Holdings with 65,500 shares changing hands for a value of $981,845 with the price closing down a cent at $14.99; Jamaica Money Market Brokers with a volume of 34,830 shares traded for $20,883 the rice was unmoved at 60 cents; National Flour Mills contributed 5,000 shares with a value of $4,750 as the stock closed up a cent at 95 cents; Sagicor Financial Corporation put in 4,542 shares valued at $32,930 and ended trading at $7.25 off by a cent.

TTSENov11IC 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.

TTSE: Week closed with light trading

Friday, 8th November 2013 | Overall Trinidad market activity resulted from trading in 10 securities of which 1 advanced, 3 declined and 6 traded firm as 809,458 shares traded with a value of $10,718,139 of which Clico Investment Fund from the mutual fund section accounted 381,860 units valued at $8,209,976 as the price fell 2 cents to close at $21.50.

Trading activity included Angostura Holdings trading 2,000 units while suffering a loss of 17 cents to close at $13.25; Berger Paints traded 2,900 units unchanged at $3.60; First Citizens Bank contributed 22,732 shares with a value of $818,352 as it traded firm at $36, while Guardian Holdings added 7,000 shares valued at $105,000 and trading at $15; National Enterprises traded 2,250 shares and was unchanged at the end to close at $17.97; National Flour had 5,578 units and closed firm at 93 cents; Sagicor Financial Corporation with 128,743 shares traded for $934,670 closed firm at $7.26; Trinidad Cement traded 256,345 shares valued at $563,959 as the price closed down 5 cents to $2,20.

TTSENov8IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 4 stocks being higher and 4 stocks with offers lower than their last selling price.

TTSE: TCL is volume leader

Thursday, 7th November 2013 | Today’s activity on the Trinidad Stock Exchange resulted in trading of 13 securities of which 5 advanced, 1 declined and 7 traded firm with 374,458 shares being exchanged valued at $3,150,443.

Trinidad Cement was the volume leader with 146,255 shares changing hands for a value of $331,849.05, followed by Sagicor Financial with a volume of 105,710 shares being traded for $767,397.50; Grace Kennedy contributed 43,300 shares with a value of $176,806 and closed at $4.08, while First Citizens Bank added 15,149 shares valued at $544,194 to close firm at $36; Grace Kennedy traded 43,000 units firm at $4.10; Republic Bank gained 48 cents to end the day at $113.00 while trading 774 units; Scotia Bank traded 767 units at a new 52 weeks high of $71.59 up 2 cents; Trinidad Cement fell 6 cents to close at $2.27; One Caribbean Media closed at $18.30 while trading 4,415 shares and closed down 4 cents; West Indian Tobacco had 1,000 shares and closed firm at $120.

TTSENov7On the Mutual Fund Market, 49,658 shares changed hands for a value of $960,938.73. Clico Investment Fund was the most active security, with a volume of 43,658 shares valued at $939,338.73 and remained at $21.52. Praetorian Property Mutual Fund advanced by $0.19 to end at $3.60 with 6,000 units.

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

TTSE: Moderate trading continues

Wednesday, 6th November 2013 | Trading continues to be very moderate on the Trinidad & Tobago Stock Exchange with only 159,222 shares changing hands with a value of $3,248,583, resulting in trading of 13 securities of which 4 advanced, 2 declined and 7 traded firm.

Trinidad Cement had 78,110 shares changing hands for a value of $180,604, the price fell 3 cents to $2.31 after the company posted results that showed just a small profit in the September quarter compared to the first two quarters as problems with the plants in Barbados and in Trinidad resulted in lost sales and increased operating cost. Guardian Holdings saw 4,000 shares trade for $15 each; Neal & Massy traded 3,150 units to close up 2 cents at $57.67; Republic Bank with 13,893 shares trading for $1,563,240 enjoyed a price gain of 11 cents to close at $112.52; Scotia Investments contributed 10,700 shares with a value of $20,758 to close firm at $1.94, while Sagicor Financial added 8,170 shares valued at $59,233 as it closed unchanged at $7.25. West Indian Tobacco traded 2,930 units unchanged at $120.

TTSENov6Clico Investment Fund exchanged 35,997 shares valued at $774,492 but the price declined by 7 cents to end at $21.52.

Scotia Bank traded at a new 52 weeks high at $71.57 up by 4 cents as just 612 units traded.

IC bid-offer Indicator | At the end of trading there were bids for 6 stocks that were higher than their last selling prices and 5 stocks on offer lower than the last selling price.

Image courtesy of watcharakun/FreeDigitalPhotos.net

TTSE: Trading up not prices

Tuesday, 5th November 2013 | Trading, which has been very poor for the last two trading days on the Trinidad Stock Exchange, picked up a bit to swap 169,000 shares with a value of $5,398,127, resulting in trading of 13 securities of which none advanced, 4 declined and 9 traded firm.

ANSA McAL traded 1,930 units and suffered a 3 cents loss to close at $66.25; First Citizens Bank price dropped by 19 cents to end the day back at $35.56 as it traded 2,833 shares; National Commercial Bank had 23,100 shares changing hands for a value of $26,334 as the price closed up 2 cents to reach $1.14; Guardian Holdings contributed 4,630 shares valued at $69,450 and closed at firm at $15; Guardian Media contributed 10,894 shares with a value of $212,433; Neal & Massy Holdings traded 60,000 shares for a value of $3,459,102 while Scotiabank added 1,300 shares valued at $92,989 as the price moved up by 2 cents to $71.53, a new 52 weeks high.

TTSENov5Clico Investment Fund had a volume of 58,201 shares valued at $1,256,274 as the price fell 1 cent to close at $21.59.

IC bid-offer Indicator| At the end of trading there were bids for 5 stocks that were higher than their last selling prices and 3 stocks on offer lower than the last selling price.

TTSE: Trading sinks but Citizens rise

Monday, 4th November 2013 | Trading was very low on Friday last on the Trinidad Stock Exchange but it sank even lower on the first trading day of the week to a mere 39,609 shares, with a value of $649,052. Trading represented 12 securities of which 4 advanced, 3 declined and 5 traded firm.

First Citizens Bank price rose by 55 cents to end the day at $35.75 as it traded 11,213 shares valued $398,747; National Commercial Bank had 20,000 shares changing hands for a value of $22,800 as the price closed up 2 cents to reach $1.14; Guardian Holdings contributed 3,324 shares with a value of $49,860 and closed at $15, down 15 cents; while Scotiabank added 1,300 shares valued at $92,989 as the price moved up by 2 cents to $71.53, a new 52 weeks high.

TTSENov4Clico Investment Fund had a volume of 2,278 shares valued at $49,205 as the price fell 4 cents to close at $21.60.

IC bid-offer Indicator | At the end of trading there were bids for 3 stocks that were higher and 5 stocks on offer lower than the last selling price.

TTSE: Almost no trades

Friday, 1st November 2013 | Trading on the first day on November took place in 12 securities of which 5 advanced, 5 declined and 2 traded firm but the level of trading on the Trinidad Exchange was at a parlous level with only 54,118 units valued at $1,047,965 trading.

Clico Investment Fund advanced by 4 cents to end at $21.64 while trading 36,823 shares valued at $796,695.

So low was trading in the main market that Jamaica Money Market Brokers with a mere 10,000 shares was the volume leader for the day as the price slipped to 61 cents followed by First Citizens Bank with a volume of 3,093 valued at $108,874 as the price closed at $35.20, up 20 cents. National Enterprises contributed 1,330 shares with a value of $23,900 and closed at $17.97, while Republic Bank added 892 shares valued at $100,252 to close at $112.39.

TTSENov1Unilever Caribbean gained 42 cents to end the day at $56.01 with only 12 shares. Elsewhere price changes were one or two cents per stock.

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

TTSE: Witco up $1, Citizens drops $2.50

Thursday, 31st October 2013 | West Indian Tobacco Company price jumped $1.00 to end the day at $120 as only 124 units traded and First Citizens Bank dropped back by $2.50 to close at $35 trading 9,559 shares valued at $336,475.

Trading picked up somewhat on the Trinidad Stock Exchange with stocks of 15 companies trading compared to 12 on Wednesday.  Trading activity resulted in 5 advancing, 2 declining and 8 traded firm as 80,041 shares changed hands valued at $1,615,517.

Jamaica Money Market Brokers had a volume of 14,483 shares traded for $8,979 to close firm at 62 cents; Neal & Massy Holdings contributed 11,000 shares with a value of $634,150 and gained 8 cents to close at $57.65. Point Lisas traded 8,900 units firm at $3.77; Sagicor Financial Corporation saw trading in 14,600 shares for a value of $105,850 and the price closed unchanged at $7.25; Ansa Merchant Bank traded just 10 shares but gained 80 cents to close at $38.60.

TTSEOct31Clico Investment Fund had a volume of 15,002 shares valued at $323,993 trading as the price advanced by 10 cents to end at $21.60.

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

TTSE: First Citizens up by $2.49

Wednesday, 30th October 2013 |  First Citizens Bank traded 15,556 shares valued at $551,915 increasing by $2.49 to end the day at $37.50 and had an offer at $37.49 cents at the end for 3.373 units. The price at these levels seems ahead of the market currently as demand really seems around the $35 level but supply is not great.

Trading on the Trinidad market was confined to 12 securities of which 3 advanced, 4 declined and 5 traded firm as investors picked up units 754,083 valued at $11,064,068.

Angostura Holdings fell 6 cents to close at $13.43 as 15,556 shares traded, Guardian Holdings suffered a 10 cents fall to close at $15.15 while trading 14,300 shares.

TTSEOct30One Caribbean Media traded 504,000 shares for a value of $9,172,800 as it closed up 10 cents at $18.20; National Flour Mills had 121,000 shares traded for $114,950; Point Lisa Port development traded 5,650 units unchanged at $3.77; Republic Bank traded 1,135 units to close at $112.35 down 65 cents. Scotia Investments contributed 41,096 shares with a value of $80,127 as it traded down a cents at $1.95 and Trinidad Cement traded 10,000 units firm at $2.35.

Clico Investment Fund traded 30,321 shares valued at $651,829 and closed firm at $21.50.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 5 stocks with offers lower than their last selling price.