Trading plunges on TTSE on Thursday

July 22, 2021 by

Trading ended on Thursday, with the market declining after 64 percent fewer shares with a 68 percent lower value than on Wednesday, resulting in more stocks falling than rising at the close of the Trinidad and Tobago Stock Exchange.
In the end, 17 securities traded compared to 18 on Wednesday, with three rising, five declining and nine remaining unchanged. The Composite Index fell 3.99 points 1,420.25, the All T&T Index slipped 4.72 points to 1,937.44 and the Cross-Listed Index lost 0.45 points to close 121.47.
A total of, 44,028 shares traded for $1,232,479, down from 122,999 units at $3,878,814 on Wednesday.
An average of 2,590 units traded at $72,499 compared to 6,833 at $215,490 on Wednesday. The average trade for the month to date amounts to 21,872 units at $248,086 versus 23,183 units at $260,037. The average trade for June amounts to 45,770 units at $724,455. The actual average value for June at $724,497.
The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Agostini’s ended at $24.55 in exchanging 940 stocks, Angostura Holdings shed 5 cents to close at $16.44, with 1,107 units crossing the exchange, Ansa Mcal remained at $60 with an exchange of 200 shares, Clico Investment Fund popped 55 cents in closing at $27.50 with an exchange of 3,685 units. First Citizens Bank fell 30 cents to $50 in an exchange of 2,031 units, GraceKennedy remained at $5.98, with 400 stock units clearing the market, Guardian Holdings lost $1.25 to end at $32.50 trading 9,997 stocks. JMMB Group closed trading at $2.05 after exchanging 1,000 shares, L.J Williams B share settled at $1.50, after 9 stock units changed hands, Massy Holdings closed at $80.60, with the swapping of 228 shares. NCB Financial Group popped 1 cent to $8.01 after 9,252 stocks crossed the exchange, Republic Financial Holdings remained at $135.50, with an exchange of 1,851 shares, Scotiabank remained at $59.75 after 1,276 units traded. Trinidad & Tobago NGL dropped 14 cents to $18 with the swapping of 7,368 stocks, Trinidad Cement rallied 10 cents to end at $3.50 with an exchange of 2,000 units, Unilever Caribbean dipped 2 cents to $16.30, with 100 units crossing the exchange and West Indian Tobacco settled at $32.49 crossing the market 2,584 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Mixed trading for TTSE stocks

July 21, 2021 by

Market activity ended on Wednesday, with the market declining after investors traded 85 percent fewer shares, with 17 percent greater value than on Tuesday, resulting in more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 18 securities traded compared to 16 on Tuesday, with six rising, four declining and eight remaining unchanged. The Composite Index dipped 1.97 points to settle at 1,424.24, the All T&T Index fell 7.22 points to close at 1,942.16 and the Cross-Listed Index popped 0.51 points to end at 121.92.
Only 122,999 shares traded compared to 799,412 on Tuesday, but the value rose to $3,878,814 from $3,311,324.
An average of 6,833 units traded at $215,490 compared to 49,963 at $206,958 on Tuesday. The average trade for the month to date amounts to 23,183 units at $260,037 versus 24,452 units at $263,493. The average trade for June ended at 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Agostini’s closed at $24.55 in exchanging 400 shares, Ansa Merchant Bank shed 50 cents in closing at $41 in switching ownership of 7,290 shares, Clico Investment Fund rose 5 cents to $26.95 with the swapping of 835 stocks. First Citizens Bank rallied 28 cents to $50.30 in trading 260 stock units, Guardian Holdings closed at $33.75 with 6,998 stocks changing hands, Guardian Media remained at $3.10 in exchanging 229 units. JMMB Group popped 5 cents to $2.05 in switching ownership of 44,649 shares, Massy Holdings closed at $80.60 with 61 units crossing the market, National Flour Mills slipped 1 cent to $2.04 with a transfer of 50 stocks. NCB Financial Group remained at $8 with 20,250 shares crossing the exchange, Point Lisas settled at $3.15, exchanging 1,000 stocks, Prestige Holdings ended at $7.25 with the swapping of 2,425 stock units. Republic Financial Holdings dropped $2.50 to $135.50 after trading 18,367 units, Scotiabank climbed 5 cents to $59.75 with the swapping of 5,830 shares, Trinidad & Tobago NGL rose 62 cents to $18.14 in exchanging 7,107 stocks. Trinidad Cement gained 10 cents to $3.40 with 6,206 stock units crossing the exchange, Unilever Caribbean lost 1 cent to close at $16.32 with an exchange of 245 shares and West Indian Tobacco remained at $32.49 in transferring 797 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Trinidad trading surges on Tuesday

July 20, 2021 by

The volume of stocks trading on Tuesday surged 261 percent higher than on Monday while the value was double than amount last exchanged on a day when declining stocks were inched out by those declining at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 16 securities traded compared to 17 on Monday, with four stocks rising, five declining and seven remaining unchanged as Ansa Mcal traded at a 52 weeks’ high. The Composite Index increased 3.03 points to 1,426.21, the All T&T Index rallied 8.36 points to 1,949.38 and the Cross-Listed Index lost 0.38 points to settle at 121.41.
A total of, 799,412 shares traded, for $3,311,324 up from 221,255 units at $1,654,117 on Monday.
An average of 49,963 units traded at $206,958 from 13,015 at $97,301 on Monday. The average trade for the month to date amounts to 24,452 units at $263,493 versus 22,562 units at $267,681. The average trade for June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s traded 2,185 shares at $24.55, Angostura Holdings ended at $16.49, with 363 shares crossing the exchange, Ansa Mcal popped $2 in ending at a 52 weeks’ high of $60, with 100 stocks crossing the market, Clico Investment Fund ended at $26.90 exchanging 4,656 stocks. First Citizens Bank dropped 28 cents to $50.02 with the swapping of 1,245 shares, FirstCaribbean International Bank remained at $6.50 while exchanging 689 stock units, GraceKennedy rose 1 cent to $5.98 after exchanging 841 shares. Guardian Media rose 5 cents to $3.10 with the swapping of 42,218 shares, L.J Williams B shares closed at $1.50 with the swapping of 259 shares, Massy Holdings ended at $80.60 in switching ownership of 10 shares. National Enterprises popped 10 cents to $3.60, with 703,943 stock units clearing the market, NCB Financial Group declined 5 cents to $8 after trading 32,570 units, One Caribbean Media lost 1 cent to close at $4.50, with 4,425 units changing hands. Prestige Holdings traded 678 shares at $7.25, Scotiabank fell 3 cents to $59.70 with the swapping of 40 stocks and Trinidad & Tobago NGL shed 73 cents to $17.52 and ended trading 5,190 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Increased trading for TTSE on Monday

July 19, 2021 by

Market activity ended on Monday, with the market declining after trading 83 percent more shares and ended with twice Friday’s value, leading to more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 17 securities traded compared to 15 on Friday, with three stocks rising, five declining and nine remaining unchanged. The Composite Index shed 0.18 points to settle at 1,423.18, the All T&T Index lost 1.32 points to close at 1,941.02 and the Cross-Listed Index rose 0.15 points to 121.79.
A total of, 221,255 shares traded, for $1,654,117 compared to 121,263 units at $826,703 on Friday.
An average of 13,015 units traded at $97,301 compared to 8,084 at $55,114 on Friday. The average trade for the month to date amounts to 22,562 units at $267,681 versus 23,378 units at $282,236. The average trade for June  at 45,770 units at $724,497.
The 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 remained at $24.55 in trading 20,000 shares, Angostura Holdings traded 100 stock units at $16.49, Clico Investment Fund climbed 10 cents to $26.90 after an exchange of 3,500 units. First Citizens Bank popped 28 cents to $50.30, with 98 units crossing the market. FirstCaribbean International Bank rallied 10 cents to $6.50, with 428 shares changing hands, GraceKennedy slipped 1 cent to $5.97 trading 4,100 stocks, Guardian Holdings ended at $33.75, with 1,169 shares crossing the market. JMMB Group traded 150,229 stock units at $2, Massy Holdings remained at $80.60 in exchanging 1,096 stocks, National Enterprises ended at $3.50 with an exchange of 9,225 stocks. NCB Financial Group slipped 5 cents in closing at $8.05 while exchanging 5,530 shares, One Caribbean Media shed 8 cents to $4.51, with 630 stock units changing hands, Prestige Holdings settled at $7.25 after an exchange of 68 stock units. Scotiabank exchanged 529 shares at $59.73, Trinidad & Tobago NGL fell 15 cents to $18.25 after 2,653 stock units cleared the market, Unilever Caribbean ended at $16.33 in switching ownership of 16,774 shares and West Indian Tobacco fell 1 cent to $32.49 trading 5,126 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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RJR profit explodes

July 19, 2021 by

Revenues at Radio Jamaica fell for the year to March 2021, by 7 percent to $5.2 billion, from $5.6 billion, but there ends the bad news for the group that comprises television, radio and newsprint as their main products. On the revenue front, the good news starts emerging with the final quarter climbing 11.6 percent to $1.4 billion from $1.25 billion in 2020.

Media house, RJR traded most shares on friday

Full year profit surged 351 percent over 2020 to hit $171 million and just 7 cents per share, from $38 million in 2020. The March quarter, which is usually one of the worse for the group, with mostly ends losses, generated $44 million profit after tax.
The profit for the fourth quarter in 2021 compares exceptionally well with a loss of $156 million in the final quarter of 2019 and a loss of $96 million in 2020, March quarter. The sharp turnaround is directly attributed to the cost surgery the group underwent last year.
The year’s performance comes against the backdrop of $366 million in what can be considered one off costs in a year when revenues fell 7 percent, redundancy payment amounting to $183 million and provisions for bad debt $158 million. In addition, included in operating cost is $164 million for web development, an item that appears to be more of a capital nature than an expense, but it has been reported as an expense for some years. Importantly, redundancy costs will not repeat, at least for the same workers but critically, it will result in an annual staff cost savings of a similar amount in the future. For the past year, those workers who were made redundant would have been employed for approximately half the year, so the reduction in wages in 2021 onwards would be around $90 million. In line with the above, salaries and wages fell $365 million to $1.5 billion for the 2021 fiscal year. Some of the reductions relate to a period when staff members were on reduced pay. Inventories expensed to direct production expenses during the year amounted to $213 million, well down on the $393 million for the Group in 2020.
Segment results show television revenues growing 7 percent for the year to $2.36 billion, with the March quarter surging an attractive 23 percent to $626 million. The segment had the worse period in the fiscal year with a 2.7 percent decline in revenues for the June quarter. Operating profit from this segment blasted off from $132 million to $479 million.

RJR shareholders at the 2019 AGM at the Jamaica Pegasus

Radio suffered just a 4 percent reduction in revenues, with most of that coming in the June quarter, with a fall of 20 percent and the segment delivered an operating profit of $95 million for the year from a small loss of $4 million in 2020. For the final quarter, revenues for radio were up one percent over 2020 to $184 million.
The print division took the brunt of the hit to revenues last year, with a fall of 40 percent in the June quarter, 20 percent in the September quarter and 19 percent in the December quarter. Revenues fell 19 percent to $2.3 billion for the year but enjoyed a six percent bounce in the March quarter, putting it ahead of the 2019 revenues, but ended 2021 with an operating loss of $267 million from a small loss of $14 million in 2020. The bulk of the redundancy of 106 workers came from the print division, with a redundancy cost of $157 million. The March quarter results mark a major about turn for that division, with increased revenues, but the segment results show an increased loss in 2021 of $64 million versus $28 million in 2020; this could be due to bad debt provisions that may have been made in the final quarter.
Cash inflows for the quarter were $600 million versus $403 million in 2020, but after working capital changes, inflows slipped to $540 million, after paying $176 million on the acquisition of property and receiving loan proceeds of $132 million resulted in cash on hand growing by $426 million.
The group ended with cash and equivalent of $725 million at the end of March, up from $282 million, while borrowings stood at $528 million, up from $425 million at the end of the 2020 fiscal year. Receivables climbed to $1.2 billion from $1 billion at the end of March 2020, but allowance for impairment grew from $288 million to $395 million.
Current assets stood at $2.1 billion and current liabilities at $1 billion, resulting in net current assets of $1.1 billion. Shareholders’ equity grew to $2.5 billion from $2.3 billion as of March 2020.
ICInsider.com projects a profit of just over $970 million or 40 cents per share for the 2022 fiscal year and 55 cents per share for 2023. The stock last traded at $1.67 on the Main Market of the Jamaica Stock Exchange on Friday and trades at a PE ratio of 4, well below the average of 16 currently for the Main Market. The stock is ICInsider.com BUY RATED.

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Trading closed the week mixed on TTSE

July 16, 2021 by

Market activity ended on Friday, with the market closing mixed after 30 percent fewer shares changed hands than on Thursday, resulting in slightly more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 15 securities traded compared to 12 on Thursday, with four stocks rising, three declining and eight remaining unchanged. The Composite Index declined 0.49 points to 1,423.36, the All T&T Index spiked 2.25 points to 1,942.34 and the Cross-Listed Index lost 0.48 points to settle at 121.64.
A total of, 121,263 shares traded, for $826,703 compared to 172,729 units at $762,987 on Thursday.
An average of 8,084 units traded at $55,114 compared to 14,394 at $63,582 on Thursday. The average trade month to date ends at 23,378 units at $282,236 versus 24,625 units at $300,752. The average trade for June was 45,770 units at $724,497.
The 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 closed at $24.55 in an exchange of 7,749 shares, Ansa Merchant Bank remained at $41.50 in exchanging 1,710 units, First Citizens Bank traded stocks at $50.02, GraceKennedy remained at $5.98 in an exchange of 80 units, Guardian Holdings declined 10 cents to $33.75 after 3,885 units changed hands, JMMB Group spiked 5 cents to $2 in trading 9,401 shares. Massy Holdings remained at $80.60 after 20 units crossed the exchange, National Enterprises ended at $3.50 with 9,300 stock units changing hands, National Flour Mills rallied 5 cents to $2.05 in trading 2,000 shares. NCB Financial Group fell 13 cents to $8.10 trading 2,700 shares, One Caribbean Media dipped 1 cent to $4.59 after an exchange of 280 units, Prestige Holdings popped 25 cents to $7.25 in an exchange of 158 stocks. Trinidad & Tobago NGL gained 15 cents in ending at $18.40, with 1,020 stock units crossing the market, Trinidad Cement remained at $3.30 trading 81,410 stock units and West Indian Tobacco ended at $32.50 after exchanging 745 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Where are the overdue RJR financials?

July 15, 2021 by

The fallacy in the JSE granting extension to companies to file annual reports a month and a half after they are, without requiring them to file the interim in the meantime, is one more exposed.

RJR shareholders deserve better.

In a notice to the Jamaica Stock Exchange on June 29, Radio Jamaica advised that they were making use of the general extension being allowed for companies with the financial year ending March 31, 2021, to report their annual audited results by July 14, 2021. This extension assists the management and auditors in managing the ongoing challenges on regular business activities posed by the COVID-19 pandemic, the advice stated.  At near midnight on July 15, the report is nowhere to be found on the exchanges’ website and there I no notice indicating the reason for the lateness.
Had good sense prevailed at either RJR of the JSE, investors in a major listed company would have had interim figures to digest. The JSE needs some major surgery and fast.

Filed Under: Company News, Company Results Tagged With: , , , ,

Trading activity drops on TTSE

July 15, 2021 by

Trading activity declined on Thursday, but the market index had a mild rise after 53 percent fewer shares carrying 76 percent less value than on Wednesday changed hands, resulting in an equal number of stocks rising and falling at the close of the Trinidad and Tobago Stock Exchange.
At the close, just 12 securities traded down from 18 on Wednesday, leading to three stocks rising, three declining and six ending unchanged. The Composite Index rose 1.20 points to finish at 1,423.85, the All T&T Index gained 0.91 points to settle at 1,940.09 and the Cross-Listed Index advanced 0.21 points to 122.12.
A total of, 172,729 shares traded, for $762,987 a fall from 363,804 units at $3,241,755 on Wednesday.
Trading averages 14,394 units at $63,582 compared to 20,211 at $180,097 on Wednesday. The average trade month to date, amounts to 24,625 shares at $300,752 versus 25,338 units at $317,298. The average trade for June amounts to 45,770 units at $724,497.
The 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 of trading, Agostini’s ended at $24.55, with 461 stock units changing hands, Clico Investment Fund ended at $26.80 after an exchange of 2,032 shares, GraceKennedy rallied 13 cents to $5.98, with 10,000 units clearing the market, JMMB Group remained at $1.95, with 94,854 units crossing the exchange. L.J Williams B shares closed at $1.50 in exchanging 5,003 stock units, National Flour Mills dipped 4 cents to $2 in trading 38,000 units, NCB Financial Group fell 1 cent to $8.23 with an exchange of 12,655 shares. Prestige Holdings remained at $7 with an exchange of 2,849 units, Republic Financial Holdings shed $1.25 in closing at $138 after trading 100 shares  Scotiabank spiked $1.18 to $59.73 with the swapping of 682 units. Trinidad & Tobago NGL popped 4 cents to $18.25 in exchanging 550 shares and West Indian Tobacco remained at $32.50 in trading 5,543 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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Lumber Depot profit bolted higher

July 15, 2021 by

Lumber Depot profit surges

Profits at Lumber Depot bolted 555 percent from $22 million for the nine months in 2020 to $145 million for the year ended April 2021, as it grew revenues 14.7 percent to $1.43 billion from $921 million in 2020 nine months period.
The company operates a hardware store in Papine, St Andrew, for more than two decades and generated revenues that rose 7 percent in the April quarter over the January 2021 quarter to $377 million from $353 million and 21 percent over the April 2020 quarter of $311 million. Gross profit margin for the full year was 21 percent, an improvement on the 18 percent for the 2020 nine months period. Administrative costs rose 42 percent to $154 million from $108 million in the nine months to March 2020, but it would be up by 7 percent if the comparative periods were the same number of months.
Cash inflows for the year pulled in $157 million, but after working capital adjustments the amount climbed to $186 million and ended the year with a net gain of $114 million after dividend payment of $14 million and loan repaymentof $33 million. The company has cash funds of $143 million and investments of $117 million at the end of April, with the latter shown as a noncurrent asset.
Current assets stood at $317 million and current liabilities at $139 million, resulting in net current assets of $178 million. Shareholders’ equity grew 68 percent to $523 million and pushed cash and investments to $360 million from $129 million in 2020.
The company reports earnings per share of 21 cents, up from just 3 cents in 2020.
The stock traded 580,827 units up to $3.65 in early trading on the Junior Market of the Jamaica Stock Exchange, but the price dropped back to close at $3.50  at a PE of 16.7 times 2021 earnings and 13 times ICInsider.com’s projection of 27 cents for 2022.

Filed Under: Company News, Company Results Tagged With: , , , , , ,

Trading climbs on TTSE

July 14, 2021 by

Market activity ended on Wednesday, with the indices declining after trading 73 percent more shares carrying 205 percent greater value than on Tuesday after the market ended with more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 18 securities traded up from 15 on Tuesday, with three stocks rising, seven declining and eight remaining unchanged. The Composite Index slipped 1.76 points to 1,422.65, the All T&T Index dropped 4.78 points to 1,939.18, and The Cross-Listed Index popped 0.21 points to 121.91 and
A total of, 363,804 shares traded for $3,241,755 compared to 210,094 units at $1,063,951 on Tuesday.
An average of 20,211 units traded at $180,097 compared to 14,006 at $70,930 on Tuesday. The average trade month to date amounts to 25,338 units at $317,298 versus 25,938 units at $333,335. The average trade for  strong>June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling prices and two with lower offers.
At the close, Agostini’s closed at $24.55 in exchanging 13,402 shares, Angostura Holdings remained at $16.49 with the swapping of 3,082 stock units, Clico Investment Fund slipped 1 cent to $26.80 after 2,349 stocks cleared the market, First Citizens Bank dropped 28 cents to $50.02, with 945 stocks changing hands. GraceKennedy dropped 14 cents to close at $5.85 with the swapping of 5,418 shares, Guardian Holdings fell 14 cents to $33.85 in trading 232 stocks, Guardian Media lost 20 cents to end at $3.05, with 300 shares clearing the market. JMMB Group closed at $1.95 after 17,000 shares crossed the exchange, L.J Williams B share ended at $1.50 in exchanging 15,009 units, National Enterprises ended at $3.50 in trading 4,400 shares. National Flour Mills settled at $2.04 in switching ownership of 62,000 shares, NCB Financial Group dipped 1 cent to $8.24, in trading 195,502 stocks, Prestige Holdings remained at $7 in an exchange of 3,494 stocks. Republic Financial Holdings rallied 25 cents to $139.25 after trading 500 stock units, Scotiabank dropped $1.19 to $58.55, with 1,411 stocks crossing the market, Trinidad & Tobago NGL remained at $18.21 in exchanging 570 shares. Unilever Caribbean rose 8 cents to $16.33, with 32,473 stock units crossing the market and West Indian Tobacco rallied 50 cents to $32.50, with 5,717 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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