Price movements were mostly down at the close of trading on the Trinidad and Tobago Stock Exchange on Thursday as the volume of shares exchanged surged 293 percent valued 38 percent more than on Wednesday.
The number of securities traded remained 16 as was the case on Wednesday, with two rising, six declining and eight remaining unchanged. The Composite Index slipped 1.40 points to 1,515.09, the All T&T Index declined 6.39 points to end at 2,120.41 and the Cross-Listed Index rose 0.55 points to settle at 121.57.
A total of 3,682,320 shares traded for $12,609,856 up from 937,553 units at $9,155,489 on Wednesday. An average of 230,145 units traded at $788,116 compared to 58,597 shares at $572,218 on the previous day, with trading month to date, averaging 105,529 units at $707,865 versus 53,059 units at $674,075. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s lost $1 to end at $45, with100 shares changing hands, Angostura Holdings ended unchanged at $19.99 with the swapping of 64 units, Ansa McAl dropped 25 cents in closing at $58.75 after ownership of 550 stock units was shifted. Clico Investment Fund remained at $29, with 256 stocks crossing the market, First Citizens Group declined $1 to $63 trading 269 units, FirstCaribbean International Bank rose 14 cents to $6.14 after 100 stocks changed hands. 
GraceKennedy finished at $6.10 with an exchange of 48,271 shares, Guardian Holdings shed 25 cents to close at $29.75 after 7,980 stock units cleared the market, JMMB Group ended at $2.30 after exchanging 3,381,000 units. Massy Holdings remained at $106 while exchanging 18,240 stock units, NCB Financial Group finished at $8 in swapping 186,740 stocks, One Caribbean Media rallied 10 cents to $4.20 after exchanging 20,200 shares. Republic Financial Holdings finished at $143 in an exchange of 2,128 stock units, Scotiabank ended at $72.01 after trading at 475 stocks, Trinidad & Tobago NGL fell 49 cents to $19.50 with an exchange of 300 shares and West Indian Tobacco shed 54 cents to $26.06 in trading 15,647 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More declines for Trinidad stocks
Trading slips for Trinidad stocks on Tuesday
Trading dipped on Wednesday compared to Tuesday, with an exchange of 13 percent fewer shares and 44 percent lower value after 16 securities traded compared to 22 on Tuesday, with five rising, four declining and seven ended unchanged at the close of the Trinidad and Tobago Stock Exchange.
The Composite Index dipped 1.62 points to 1,516.49, the All T&T Index rallied 0.27 points to 2,126.80 and the Cross-Listed Index slipped 0.51 points to settle at 121.02.
Overall, 937,553 shares traded for $9,155,489 compared to 1,078,680 units at $16,459,376 on Tuesday. An average of 58,597 units traded at $572,218 compared to 49,031 shares at $748,153 on Tuesday. Tading month to date ended with an average of 53,059 units at $674,589. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
Agostini’s gained $1 to close at $46 in switching ownership of 4,415 shares, Angostura Holdings ended unchanged at $19.99 after trading 48 units, Ansa McAl finished with an exchange of 12,735 stocks at $59. Clico Investment Fund rallied 2 cents to $29, with 8,050 stock units crossing the market, First Citizens Group remained at $64 after exchanging 1,323 stock units, GraceKennedy lost 10 cents in closing at $6.10, with 166,758 shares crossing the exchange. 
Guardian Holdings popped 15 cents to close at $30 after exchanging 12,000 units, JMMB Group shed 4 cents ending at $2.30 trading 65,122 stocks, Massy Holdings ended at $106 with 9,577 stock units changing hands. National Flour Mills dipped 1 cent to $1.90 in trading 3,928 stocks, NCB Financial Group ended at $8 with the swapping of 606,255 shares, Republic Financial Holdings remained at $143 after trading 32 units. Trinidad & Tobago NGL advanced 99 cents to close at $19.99 while exchanging 10,409 shares, Trinidad Cement ended unchanged at $3.75 in exchanging 26,425 units, Unilever Caribbean fell 5 cents to $15.95 and ended trading of 10,040 stock units and West Indian Tobacco rose 59 cents to end at $26.60, with 436 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in Port of Spain
Trading on the Trinidad and Tobago Stock Exchange started in February, with the market indices slipping when the market closed on Tuesday, with slightly more stocks rising than falling after 100 percent more shares were exchanged, with 116 percent higher value than on Monday.
A total of 22 security traded down slightly from 24 on Monday, with eight stocks rising, seven declining and seven remaining unchanged.
FirstCaribbean International Bank and West Indian Tobacco both closed trading at 52 weeks’ low.
The Composite Index declined 4.56 points to 1,518.11, the All T&T Index fell 5.15 points to 2,126.53 and the Cross-Listed Index dipped 0.55 points to settle at 121.53.
A total of 1,078,680 shares traded or $16,459,377 up from 539,621 units at $7,631,985 on Monday. An average of 49,031 units traded at $748,153 compared to 22,484 shares at $317,999 on Monday. The average trade for January amounted to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s rose 50 cents in ending at $45, with 2,327 shares crossing the market, Angostura Holdings remained at $19.99 while exchanging 1,100 stock units, Ansa McAl ended unchanged at $59 trading 73 units. CinemaOne fell 5 cents to end at $4 after an exchanging of 4,149 stocks, Clico Investment Fund increased 48 cents to $28.98 with the swapping of 2,285 stock units, First Citizens Group dropped 49 cents to $64 after finishing trading of 577 shares. FirstCaribbean International Bank shed 14 cents to close at a 52 weeks’ low of $6 after the switching ownership of 1,000 units, GraceKennedy popped 9 cents to end at $6.20 trading 955,600 stocks, Guardian Holdings lost 15 cents to close at $29.85, with 69 stock units changing hands.
JMMB Group declined 1 cent to $2.34 with 5,319 stocks clearing the market, L.J. Williams B share gained 4 cents to end at $1.84 with an exchange of 1,621 shares, Massy Holdings finished at $106 in exchanging 9,524 units. National Flour Mills rallied 4 cents to $1.91 after exchanging 15 units, NCB Financial Group finished at $8 after 19,842 stocks crossed the market, One Caribbean Media remained at $4.10 in an exchange of 1,999 stock units. Point Lisas ended unchanged at $3.27 in trading 200 shares, Republic Financial Holdings advanced $1 to close at $143 after trading 62,644 stocks, Scotiabank popped 1 cent to $72.01 in switching ownership of 800 units. Trinidad & Tobago NGL declined 99 cents in closing at $19 after 2,001 stock units passed through the exchange, Trinidad Cement gained 1 cent to end at $3.75 while exchanging 7,000 shares, Unilever Caribbean ended unchanged at $16 after trading 129 shares and West Indian Tobacco lost $1.49 to end at a 52 weeks’ low of $26.01 in an exchange of 406 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks up 2% on Trinidad Stock Exchange
Stocks recorded gains of almost two percent in January at the close of market activity on Monday with more stocks falling than rising at the close of trading, after trading 31 percent fewer shares changed hands than on Friday, on the Trinidad and Tobago Stock Exchange as 24 securities traded up from 21 on Friday, with four rising, six declining and 14 remaining unchanged.
The Composite Index dipped 0.69 points to 1,522.67, the All T&T Index slipped 1.33 points to 2,131.68 and the Cross-Listed Index remained unchanged at 122.08.
A total of 539,621 shares traded for $7,631,985 up from 778,680 units at $8,157,581 on Friday. An average of 22,484 units traded at $317,999 up from 37,080 shares at $388,456 on Friday, with trading month to date averaging 39,943 units at $369,498 versus 41,079 units at $372,826. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s fell 75 cents to $44.50 while exchanging one share, Angostura Holdings finished at $19.99 trading 2,001 stock units, Ansa McAl ended at $59 after exchanging 42 units. Calypso Macro Investment Fund remained at $16.75 with investors swapping 640 stocks, CinemaOne dropped 15 cents to close at $4.05, with 851 units crossing the exchange, Clico Investment Fund declined $1.50 to $28.50, with 7,961 stocks changing hands. First Citizens Group ended at $64.49 with an exchange of 24 stock units, FirstCaribbean International Bank remained at $6.14, with one share crossing the market, GraceKennedy lost 4 cents to $6.11 in switching ownership of 9,047 shares. Guardian Holdings finished at $30 after exchanging 439 stock units, Guardian Media remained at $3.10 after 1,914 stocks crossed the market, JMMB Group closed at $2.35 with the swapping of 2,581 units.
L.J. Williams B share advanced 8 cents to $1.80 after the trading of 3,379 units, Massy Holdings ended at $106 in an exchange of 34,668 stock units, National Enterprises climbed 13 cents to end at $3.25 after exchanging 315 stocks. NCB Financial Group shed 1 cent to end at $8, with 300,855 shares clearing the market, One Caribbean Media shed 10 cents to $4.10 trading 5,001 units, Point Lisas remained at $3.27 after exchanging 152,249 stocks. Prestige Holdings popped 4 cents to close at $7.04 after 30 shares crossed the market, Republic Financial Holdings popped 66 cents to $142, with1,000 stock units crossing the exchange, Scotiabank finished at $72 after clearing the market with 3,431 stocks. Trinidad & Tobago NGL ended at $19.99 after trading 10,007 stock units, Unilever Caribbean remained at $16 with 1,589 shares changing hands and West Indian Tobacco ended at $27.50 in trading 1,595 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stock values inched higher on T&TSE
Market activity ended on Friday on the Trinidad and Tobago Stock Exchange with 96 percent more stocks trading, with 42 percent lower value than on Thursday after rising stocks were just edged out by those that fell.
Twenty one securities traded, up from 18 on Thursday, with seven rising, eight declining and six unchanged. The Composite Index inched by 0.04 points to 1,523.36, the All T&T Index rose 5.63 points to 2,133.01 and the Cross-Listed Index fell 0.83 points to settle at 122.08.
A total of 778,680 shares traded for $8,157,581 compared to 396,731 units at $14,048,777 on Thursday. An average of 37,080 units traded at $388,456 compared to 22,041 shares at $780,488 on the previous day, with trading month to date averaging 41,079 units at $372,826 versus 41,320 units at $371,883. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s advanced 25 cents in closing at $45.25 after an exchange of 152 shares, Angostura Holdings remained at $19.99, with 5,148 stock units crossing the exchange, Ansa McAl rose $2 to close at $59 with the swapping of 550 units. Calypso Macro Investment Fund dropped $2.25 in ending at $16.75 with an exchange of 120 stocks, Clico Investment Fund finished at $30 while exchanging 9,923 shares, First Citizens Group shed 26 cents to $64.49 with 323 stocks changing hands. FirstCaribbean International Bank ended unchanged at $6.14 in trading 5,614 stock units, GraceKennedy lost 1 cent ending at $6.15 in switching ownership of 7,482 units, JMMB Group declined 12 cents to close at $2.35 after exchanging 254,390 shares.
Massy Holdings popped 1 cent to end at $106 after trading 33,076 units, National Enterprises fell 13 cents to close at $3.12 after exchanging 700 stocks, National Flour Mills remained at $1.87 after 62,410 stock units changed hands. NCB Financial Group popped 1 cent higher in closing at $8.01, with 289,219 stock units crossing the market, Point Lisas rallied 2 cents to end at $3.27 trading 80,200 stocks, Prestige Holdings fell 5 cents to $7, with 10,000 shares changing hands, Republic Financial Holdings gained 4 cents in closing at $141.34 after trading 2,786 units, Scotiabank ended at $72 with 2,112 units crossing the market, Trinidad & Tobago NGL finished at $19.99, with 3,030 stock units crossing the market. Trinidad Cement declined 6 cents to end at $3.74 after 7,426 shares crossed the exchange, Unilever Caribbean increased 25 cents to $16 with 20 stocks changing hands and West Indian Tobacco lost 48 cents in closing at $27.50 after trading 3,999 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Retreat for Trinidad & Tobago stocks
Stock prices plunged Thursday, on the Trinidad and Tobago Stock Exchange, with the Composite Index shedding 6.49 points to 1,523.32, the All T&T Index fell 11.35 points to close at 2,127.38 and the Cross-Listed Index lost 0.18 points to settle at 122.91, with just two stocks rising, 11 declining and five remaining unchanged after trading picked up with 168 percent more shares changing hands with 417 percent higher value than on Wednesday.
A total of 18 securities traded similar to Wednesday, resulting in an exchange of 396,731 shares for $14,048,777 up from 148,186 units at $2,718,598, previously. An average of 22,041 units traded at $780,488 compared to 8,233 shares at $151,033 on Wednesday, with trading month to date averaging 41,320 units at $371,883 versus 42,372 units at $349,596. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Agostini’s fell 74 cents to close at $45 in trading 30 shares, Angostura Holdings ended unchanged at $19.99, with 314 stocks crossing the market, Ansa McAl declined $2.50 in closing at $57 trading 61,190 units. Clico Investment Fund rallied $1.50 to $30, with 89 stock units changing hands, First Citizens Group gained 25 cents to end at $64.75 in exchanging 885 stock units, FirstCaribbean International Bank finished at $6.14 in an exchange of 30 shares. GraceKennedy dropped 4 cents to close at $6.16 while exchanging 4,435 units, Guardian Holdings remained at $30 after 4,691 stocks crossed the market, JMMB Group slipped 4 cents to $2.47, after 5,224 shares changed hands. L.J. Williams B share shed 8 cents in closing at $1.72, with 2,025 stock units clearing the market, Massy Holdings shed 1 cent to $105.99 with the swapping of 77,085 stocks, National Enterprises remained at $3.25 after exchanging 15 units. 
National Flour Mills lost 5 cents after ending at $1.87 in switching ownership of 1,152 stocks, NCB Financial Group dropped 3 cents in closing at $8 after exchanging 224,190 units, Scotiabank fell $2 to close at $72 with an exchange of 3,146 stock units. Trinidad & Tobago NGL declined 1 cent in closing at $19.99 trading 390 shares, Trinidad Cement finished at $3.80 after 9,314 shares changed hands and West Indian Tobacco shed 1 cent to $27.98 while exchanging 2,526 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading falls on TTSE
Market activity resulted in more stocks rising than falling at the close of trading on Wednesday after an exchange of 81 percent fewer shares, with a 73 percent lower value than on Tuesday, at the close of the Trinidad and Tobago Stock Exchange.
A total of 18 securities traded compared to 19 on Tuesday, with four rising, five declining and nine remaining unchanged. The Composite Index lost 2.35 points to 1,529.81, the All T&T Index lost 13.09 points to close at 2,138.73 and the Cross-Listed Index gained 1.28 points to settle at 123.09.
A total of 148,186 shares traded for $2,718,598 compared to 796,016 shares at $9,919,652 on Tuesday. An average of 8,233 units traded at $151,033 compared to 41,896 shares at $522,087 on the previous day, with trading month to date averaging 42,372 units at $349,596 versus 44,341 units at $361,051. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s lost 26 cents to close at $45.74 in trading 45 shares, Angostura Holdings ended at $19.99, with 742 stock units changing hands, Calypso Macro Investment Fund rallied $2.34 to close at a 52 weeks’ high of $19 while exchanging 6 units. Clico Investment Fund dropped $1 to end at $28.50, with 63,138 stocks crossing the market, First Citizens Group declined $1 in closing at $64.50 after 481 stocks changed hands, GraceKennedy finished at $6.20 trading 4,190 stock units. 
Guardian Holdings fell 20 cents in closing at $30 with an exchange of 562 units, Guardian Media remained at $3.10, with 2,000 shares crossing the exchange, JMMB Group popped 27 cents to $2.51 after exchanging 12,441 stock units. L.J. Williams B share finished at $1.80 in an exchange of 2,123 stocks, Massy Holdings ended unchanged at $106 in swapping 4,163 units, National Enterprises remained at $3.25 trading 3,000 shares. NCB Financial Group increased 2 cents to end at $8.03, with 3,607 shares clearing the market, One Caribbean Media ended unchanged at $4.20 in switching ownership of 50,000 stock units, Prestige Holdings held at $7.05 with the swapping of 688 stocks. Republic Financial Holdings shed $1.70 in ending at $141.30 after exchanging 130 units, Scotiabank climbed $1.99 to $74, with 820 stocks crossing the market and West Indian Tobacco finished at $27.99 with an exchange of 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs but T&T market falters
Market activity picked on Tuesday and resulted in 54 percent more shares trading, with 148 percent higher value than on Monday, on the Trinidad and Tobago Stock Exchange, but trading ended with the market indices slipping at the close.
The number of securities traded remained at 19 similar to trading on Monday and ended with four rising, five slipping and 10 unchanged.
The Composite Index fell 7.93 points to 1,532.16, the All T&T Index shed 4.14 points to close at 2,151.82 and the Cross-Listed Index shed 1.68 points to settle at 121.81.
Overall, 796,016 shares traded for $9,919,652 versus 516,896 units at $4,004,944 on Monday. An average of 41,896 units traded at $522,087 compared to 27,205 shares at $210,787 on the previous day, with trading month to date averaging 44,341 units at $361,051 versus 44,500 units at $350,629. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Angostura Holdings remained at $19.99 with 270 shares changing hands, Clico Investment Fund increased 99 cents to close at $29.50 with an exchange of 29,992 stock units, First Citizens Group lost 50 cents in ending at $65.50 after trading 652 units. FirstCaribbean International Bank finished at $6.14 in an exchange of 1,971 stocks, GraceKennedy ended unchanged at $6.20 after 11,125 shares changed hands, Guardian Holdings rose 18 cents to $30.20 with 1,711 stocks passing through the market.
JMMB Group declined 31 cents to end at $2.24 in trading 202,436 stock units, L.J Williams B share fell 4 cents to close at $1.80 while exchanging 823 units, Massy Holdings ended at $106, with 43,163 units crossing the exchange. National Enterprises remained at $3.25 with the swapping of 120,000 shares, National Flour Mills finished at $1.92 in exchanging 1,372 stock units, NCB Financial Group remained at $8.01 after trading 321,694 stocks. One Caribbean Media advanced 10 cents to end at $4.20 in an exchange of 50,000 units, Republic Financial Holdings ended at $143, with 3,081 shares crossing the market, Scotiabank shed $2.97 to close at $72.01 trading 563 stock units. Trinidad & Tobago NGL finished at $20 as investors exchanged 1,083 stocks, Trinidad Cement rallied 4 cents to $3.80, with 316 stock units clearing the market, Unilever Caribbean dropped 25 cents to $15.75 while exchanging 1,306 stocks and West Indian Tobacco ended unchanged at $27.99, with 4,458 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another record close for Trinidad stocks
More records tumbled at the end of market activity on Monday and resulted in more stocks rising than falling at the close of trading of the Trinidad and Tobago Stock Exchange, after trading 65 percent more shares, valued 76 percent less than on Friday.
As was the case on Friday, 19 securities traded, with three rising, four declining and 12 remaining unchanged.
The Composite Index advanced 9.72 points to a record high of 1,540.09, the All T&T Index rose 10.87 points to close at another record of 2,155.96 and the Cross-Listed Index increased 1.19 points to settle at 123.49.
Overall, 516,896 shares traded for $4,004,944 compared to 312,597 units at $16,361,645 on Friday. An average of 27,205 units traded at $210,787 compared to 16,452 shares at $861,139 on the prior trading day, with the month to date averaging 44,500 units at $350,609 versus 45,699 units at $360,304. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s finished at $46 after trading 518 shares, Angostura Holdings ended unchanged at $19.99, with 246 units clearing the market, Clico Investment Fund fell $1.49 to close at $28.51 in exchanging 24,630 stock units. Endeavour Holdings advanced 1 cent to $8 after exchanging 1,000 stocks, First Citizens Group remained at $66 in switching ownership of 355 shares, GraceKennedy lost 2 cents to close at $6.20 with the swapping of 51,513 stock units. 
Guardian Holdings dropped 23 cents in closing at $30.02 after exchanging 12,289 stocks, JMMB Group climbed 20 cents to $2.55 while 13,700 units changed hands, L.J. Williams B share ended unchanged at $1.84 with an exchange of 2,542 stocks. Massy Holdings finished at $106, with 5,897 units crossing the exchange, National Enterprises closed at $3.25 after 336,000 shares changed hands, National Flour Mills remained at $1.92 trading 2,428 stock units. NCB Financial Group ended unchanged at $8.01 in an exchange of 47,826 stock units, One Caribbean Media shed 10 cents to close at $4.10, with 100 stocks crossing the market, Prestige Holdings had an exchange of 12 shares at $7.05. Republic Financial Holdings ended unchanged at $143 in trading 312 units, Trinidad & Tobago NGL finished at $20, with 11,413 stocks changing hands, Unilever Caribbean rose 20 cents to end at $16, with 4,000 stock units crossing the exchange and West Indian Tobacco remained at $27.99, with 2,115 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit surged 533% in Q2 at Paramount
Profit surged 533 percent in the 2021 November quarter, at Paramount Trading, to $29 million from just $4.5 million in 2020 after tax, but profit for the six months to November, popped by a much slower 141 percent to $48 million from $20 million in 2020. Notwithstanding the growth in the second quarter, the company is far from the profit made in the 2016 fiscal year of $173 million, with an average quarterly profit of $43 million.
Paramount Trading
Sales revenue jumped 30.8 percent for the quarter, to $401 million from $307 billion and climbed 15 percent for the half year, to $770 million from $669 million in 2020.
With profits hitting $101 million in 2017, the company has suffered since, with profit dropping to $53 million in 2020, rising in 2021 to $64 million. The current year seems on track to better the 2017 performance based on results to date.
Gross profit rose 30 percent in the November quarter to $130 million from $100 million in 2020, but just 11 percent for the half year, with $241 million realized versus $216 million in 2020. Gross profit margin slipped in the first half of the year, to 31 percent from 32 percent in 2020 and declined in the November quarter to 32 percent from 33 percent in 2020.
Administrative expenses rose 5 percent to $91 million in the quarter and increased just 3 percent in the six months to $181 million. Marketing and sales expenses fell 19 percent to $3 million in the quarter but rose 8 percent for the half year to $5.6 million while Finance cost rose 6 percent in the quarter to $13.4 million from $12.7 million in 2020 but fell 6 percent in the half year from $25.8 million to $24.3 million.
According to the company’s Chairman, Radcliff Knibbs in his report to shareholders on the half year results, “Paramount’s improved performance was achieved by employment of a robust growth strategy.” He went on to state, “we will continue to pivot our operations to take advantage of any possible opportunities that may arise.” He concluded that “we expect that our strategic objectives will be realized through strong income growth and cost containment.
Gross cash flow brought in $75 million but after addition to fixed assets and repayment of loan, the net cash position ended at $41 million, pushing cash resource to $302 million at the end of November. Shareholders’ equity stood at $844 million with long term loans at $454 million and short term at $47 million. Current assets ended the period at $948 million inclusive of inventories of $468 million, receivables of $346 million, cash and bank balances of $124 million. Current liabilities ended the period at $437 million. Net current assets ended the period at $511 million
Earnings per share came out at 2 cents for the quarter and 3 cents for the year to date. IC Insider.com is forecasting 12 cents per share for the fiscal year ending May 2022 and 20 cents for 2023. The stock that is now added to IC Insider.com TOP15 list at 11th position, traded at $1.37 on Friday, up 44 percent from a low of 95 cents in 2021 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 11 times 2022 earnings and 7 times 2023 projected earnings. Net asset value is 55 cents with the stock selling at 2.5 times book value. The stock price has clearly broken the long term declining trend but faces some short term resistance now around $1.40, but the recent results could well allow it to break free of that level.
The company paid a dividend of 4 cents in January 2021 and again in January 2022 amounting to $62 million.