The Class B Shares of Trinidad and Tobago NGL Limited was listed on the Trinidad and Tobago Stock Exchange on Monday and gained TT$3 to close at $23 from the offering for sale price of $20. The company saw trading in 18,000 shares valued at $414,000. The stock closed with a bid of $23 to buy 362,287 shares with none on offer, a good sign that the price is headed higher with a PE ratio of less than 10 times this year’s earnings.
The company generated an operating profit of US$15 million for the March quarter of 2015, a fall of 65.5 percent compared to the 2014 quarter. Earnings per share based on the annualised first quarter results, is 25 TT cents. A total of 75.8 million out of 116,100,000 issued shares, were offered to the public to raise $1.5 billion for the government of Trinidad and Tobago.
Activity elsewhere on the Stock Exchange, on Monday ended with 11 securities trading. At the close, there was just 1 stock closing higher, declined and 9 remained unchanged as a total of 33,337 units traded, valued at $651,432. At the close the Composite Index ending with a rise of 3.57 points at 1,150.15, the All T&T Index gained 7.08 to 1,953.33 and the Cross Listed Index was unchanged at 45.52.
Losses| Clico Investment Fund closed with 800 shares changing hands to end at $22.50, after falling 1 cent.
Firm Trades| First Citizens Bank traded 2,851 shares and closed at $35, Flavorite Foods contributed 2,200 shares in trading, to close at $4.80, Grace Kennedy had 2,502 units changing hands at $3.60, 
Guardian Holdings with 4,986 shares trading, closed at $13.13. Guardian Media traded 888 shares with the price remaining at $19.76, Massy Holdings traded 50 shares with the price ending at $62.46, Republic Bank closed with 28 shares trading for $112, Sagicor Financial Corporation closed with 950 shares changing hands, to end at $6 and Scotiabank ended with 82 shares trading to end at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Newly listed T&TNGL rules on TTSE
Trackbacks
-
[…] listed Trinidad and Tobago NGL suffered a sharp fall in profit in the September quarter with an out-turn of TT$44 million compared […]
-
[…] Guardian Holdings closed with 10,910 shares changing hands, for 10 cents higher at $12.90 and Trinidad and Tobago NGL closed at $22 with only 107 units trading after rising by 1 cent but had an offer at $21.99 to sell […]
-
[…] Trinidad and Tobago NGL slipped in trading on the Trinidad and Tobago Stock Exchange on Wednesday and ended with 152,082 shares changing hands for a value of $3,494,878. The bid on the stock continues to retreat as it closed with a bid of $22.76 to buy 77 shares with 1,152 units on offer at $22.97. Activity on the Stock Exchange, ended with 10 securities trading with 3 stocks closing higher, 1 declined and 6 remained unchanged as a total of 149,046 units, valued at $$1,812,299 changed hands. At the close the Composite Index ending with a gain of 0.06 points at 1,147.93, the All T&T Index advanced by 0.13 points to 1,950.97 and the Cross Listed Index remained at 45.24. Gains| Clico Investment Fund closed 1 cent higher with 8,330 shares to end trading at $22.51, National Flour Mills with 8,078 shares trading, gained 4 cents in closing at $2 and Trinidad Cement closed 1 cent higher at a 52 weeks’ high of $3.41 with 445 shares changing hands. Firm Trades| First Citizens Bank traded 7,811 shares and closed at $35, Guardian Holdings closed with 20 shares changing hands at $12.80, National Enterprises with 11,402 shares changing hands, closed at $16.50, Republic Bank traded 9,936 shares valued at $ 1,112,832 and closed at $112. Sagicor Financial Corporation closed with 50 shares changing hands at $5.75 and Scotiabank traded 21,041 shares for a value of $1,315,062 and closed at $62.50. IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower. […]
-
[…] listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Friday to close at $23 with 69,027 shares […]
-
[…] Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Thursday to close with the loss of $1 at $24 with 845,026 shares valued at $20,833,109 changing hands. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24. Activity elsewhere on the Stock Exchange, on Thursday ended with 7 securities trading. At the close, there was 1 stock closing higher, 1 declined and 5 remained unchanged as a total of 880,448 units traded, valued at $21,422,006 changed hands. At the close the Composite Index ending with a fall of 0.41 points at 1,152.09, the All T&T Index gained 0.82 points to 1,957.51 and the Cross Listed Index remained at 45.48. Gains| Unilever closed with 450 shares trading to end at $67.27 with a rise of 1 cent to close at a new 52 weeks’ high. Firm Trades| Angostura Holdings had 842 shares changing hands with the price to close at $14, First Citizens Bank traded 1,704 shares and closed at $35. Guardian Holdings closed with 30,701 shares valued at $402,797 changing hands, to end at $13.12, Republic Bank traded 725 units to close at $112 and Trinidad Cement had 1,000 units changing hands at $3.20. IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower. […]
[…] valued at $13,207,906 as there continues to be investors’ interest in the recently listed Trinidad and Tobago NGL. One stock closed at 52 weeks’ low. At the close, the Composite Index ended with a fall of 0.30 […]