NCB Financial, released record full year results and announced an interim dividend of 70 cents per share at the end of the first week in November to be followed this past week, with the announcement that the way is cleared for them to go after another 22 percent of Trinidad and Tobago based Guardian Holdings on Friday with the NCB stock closing at a record high of $137.99.
The stock could make more gains in the week if demands picks up. Technical chart shows NCB Financial heading to $155, an area of potential resistance. The added Guardian ownership will add to earnings per share for the NCB group in the short term but longer-term synergies exits to take advantage of that should add even more to the bottom-line.
With just about all companies releasing quarterly results there is not much firepower that was released to move prices one way or the other, price movements will be more determined by perceived levels of under or overvaluation of individual stocks.
Investors should be keeping their eyes on Seprod that has seen increased supply with the recent public share issue having been allocated, the stock is considered a good buy at current trading of $30 or less. The company also posted results showing strong gains for the nine months. Stationery and Office Supplies that reported third quarter results that started to benefit from profit from the new book manufacturing business and continued strong sales growth. The stock price may well have factored in the good news but supply for sale seems limited.
NCB is stock to watch
November 19, 2018 by
