Newly listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Friday, to close at $23.98 with 232,104 shares valued at $5,570,126 changing hands, the price slipped 2 cents. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24.
Activity on the Stock Exchange, ended with 10 securities trading. At the close, there were 2 stocks closing higher, 1 declined and 7 remained unchanged as a total of 297,852 units, valued at $7,435,092 changed hands.
At the close the Composite Index ending with a fall of 0.93 points at 1,151.16, the All T&T Index declined by 1.85 points to 1,955.66 and the Cross Listed Index remained at 45.48.
Gains| West Indian Tobacco traded just 325 shares to close with a gain of 1 cent at $126.01.
losses| Guardian Holdings closed with 19,076 shares changing hands at $13.05 after dropping 7 cents.
Firm Trades| Angostura Holdings had 19,921 shares changing hands with the price to close at $14, Clico Investment Fund closed with 2,702 shares trading to end at $22.51, 
First Citizens Bank traded 5,708 shares and closed at $35. FirstCaribbean International Bank traded 1,000 shares and closed at $5, Flavorite Foods traded 500 shares at $4.80, One Caribbean Media traded 101 units to close at $22 and Scotiabank traded 16,415 shares valued at $1,025,938 to close at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
National Gas slips on TTSE
Newly listed T&TNGL rules on TTSE
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.
3 TTSE stocks down none up
Trading on the Trinidad & Tobago Stock Exchange on Monday ended with 10 securities trading, none closed trading higher, 3 declined and 7 remained unchanged as a total of 726,330 units traded, valued at $8,967,357.
At the close the Composite Index ending with a modest loss of 0.81 at 1,146.32, the All T&T Index lost 1.61 to 1,948.42 and the Cross Listed Index was unchanged at 45.16.
Losses| ANSA McAL contributed 760 shares in trading, to close at $67.05 after losing 21 cents, National Enterprises contributed 27,273 shares with a value of $460,803 while losing 6 cents to end at $16.89 for a 52 weeks’ low and National Flour ended trading with 13,770 shares changing hands and closed at $1.90, after shedding 8 cents.
Firm Trades| Ansa Merchant Bank traded 707 units at $38.94, Clico Investment Fund with 150 shares changing hands to closed at $22.50, 
First Citizens Bank traded 3,120 shares to close at $35, Flavorite Foods traded 700 shares at $4.80. JMMB Group closed with 324,827 shares changing hands at 43 cents, One Caribbean Media traded 351,292 shares with a value of $7,728,424 with the price ending at $22 and Republic Bank with 3,731 shares changing hands for a value of $417,872 closed at $112.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
F = failed = Flavorite Foods
If there was a pass or fail mark for the quarterly reports, Flavorite Foods out of Trinidad would get a huge failure mark for their reports but, the latest one would be marked even lower than some that went before. The interim financial report to June this year, was posted on the TTSE website on September 22, the report is not dated so is unclear when the company actually released it.
What is not in doubt is that the presentation is reminiscent of a worker just throwing down their work before their superior, with a total lack of the pleasantries that could go along with it, for a better experience all round. It is not surprising that the company has been struggling. The financial presentation speaks eloquently about inadequate management of its affairs. Do managers really see the connection between what they put out for public consumption and how they are perceived by the public?
The first thing noticed, is the absence of results for the quarter. That is a format of reporting that other listed companies report on routinely. In addition accounting standards on interim reporting require the break out of quarter income and expenditure.
Revenues fell 16 percent in the six month to June to $69.4 million and a small profit of $1.45 million before taxation in 2014 melted into a loss of $1.5 million. After tax profit for the first six months in 2014 of $862,000 fell to a loss of $1.6 million in 2015.
During the previous fiscal year for the September quarter, the company said it closed its loss making operation in St Lucia and that the group’s results have shown marked improvement and sustainability. The big question that shareholders must be asking is what has happened since and what will be done going forward, a question that management has failed to provide the answer to.
The directors with only one signing the report although there is space for two to sign, did not think it right to at least pay shareholders the courtesy of an explanation for the change in fortunes and try to paint a picture of the near term future. What is so wrong with some level of communication with their investors, something is clearly wrong and the directors don’t seem ready or capable to change it. Investors deserve better than that.
Products offered by the company include ice cream, snacks, yogurt. The stock which is listed on the Trinidad & Tobago Stock Exchange last traded at $4.80.
Republic at 1 year low on TTSE Wednesday
Republic Bank traded at a new 52 weeks’ low on the Trinidad & Tobago Stock Exchange on Wednesday and was the sole stock declining. The market closed with 12 securities trading with 1 stock trading higher, I declining and 10 remained unchanged as a total of 104,110 units traded, valued at $1,251,672.
At the close the Composite Index ending with a modest gain of 0.04 at 1,148.16, the All T&T Index added just 0.09 to 1,951.99 and the Cross Listed Index remained at 45.17.
Gains| Guardian Holdings with 22,009 shares with a value of $287,437 changing hands and closed 4 cent higher at $13.06.
Losses| Republic Bank suffered a loss of 3 cent to close at a 52 weeks’ low of $112.90 with 2,000 shares changing hands, at a value of $227,860.
Firm Trades| ANSA McAL contributed 125 shares in trading, to close unchanged at $67.25, Clico Investment Fund closed with a volume of 19,567 shares valued at $440,454 changing hands to end at $22.51, First Citizens Bank had 1,158 shares changing hands at $35, 
FirstCaribbean International Bank traded 1,317 shares to close at $5.02. Flavorite Foods traded 104 shares at $4.80, Massy Holdings traded 520 shares at $62.50, Sagicor Financial Corporation closed with 13,353 shares changing hands at $6, Scotia Investments ended at $1.60 after trading 17,388 shares, Scotiabank closed with 300 shares changing hands unchanged at $62.50 and Trinidad Cement had 26,269 shares changing hands and ended at $3.15.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
1 stock fell on TTSE none rose
Trading on the Trinidad & Tobago Stock Exchange ended with 10 securities changing hands on Tuesday with no stock rising, 1 declining and 9 traded with prices unchanged as a total of 362,111 shares traded, valued at $4,141,088.
At the close of the market, the Composite Index fell 0.09 points to close at 1,151.20, the All T&T Index lost 0.18 points to 1,958.04 and the Cross Listed Index remained at 45.17.
Declines| Massy Holdings closed with just 8,262 shares valued at $521,168 changing hands at $63.08 after losing 1 cent.
Firm Trades| ANSA McAL with 571 shares ended at $67.25, Clico Investment Fund traded 43,480 units at $22.51 with a value of $978,734, First Citizens Bank closed at $35 with 4,166 shares changing hands, Flavorite Foods traded 7,500 shares at $4.80. 
Grace Kennedy closed with 50,000 shares changing hands at $3.60, Guardian Holdings had 2,600 shares trading at the close at $13.09, National Flour trade 1,000 units at $2.10, Scotiabank traded unchanged to end at $62.31 with 25,175 shares valued at $1,568,706 and Trinidad Cement ended with 219,357 shares valued at $636,135 changing hands unchanged at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Unilever continuing rise on TTSE
Unilever products – Unilever Caribbean continues to trade at new highs virtually each time it trades
Trading in the overall market ended with 10 securities changing hands on Tuesday with 3 stocks gaining, 1 declining and 7 traded with the price unchanged. A total of only 138,979 shares traded, valued at $2,663,997.
At the close of the market, the Composite Index fell 0.04 points to close at 1,154.05, the All T&T Index declined by 0.08 points to 1,961.51 and the Cross Listed Index remained at 45.47.
Gains| In trading, Angostura Holdings ended with a gain of 1 cent while 870 shares changed hands at $24.02. Clico Investment Fund stock price rose 1 cent to $22.51 with 69,400 shares trading at a value of $1,562,146 and Unilever Caribbean with 6,000 units valued at $402,060, changing hands at a new 52 weeks high of $67.01 to end 1 cent higher.
Declines| National Enterprises closed with 40 shares trading lower by a cent at $17.18.
Firm Trades| Flavorite Foods traded 1,061 units at $4.80, 
Guardian Holdings closed with 47,962 shares changing hands at $13.10 and valued at $628,302. National Flour Mills contributed 5,307 shares at $2.10, Sagicor Financial with 4,460 units trading closed at $6, Scotia Investments traded 3,800 units and closed at $1.50 and West Indian Tobacco closed with 79 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
Massy Holdings trade $11.5m TTSE
Trading in the overall market ended with 8 securities changing hands on Friday with 3 stocks gaining, 1 declining and 4 traded with the price unchanged. A total of only 249,833 shares traded, valued at $13,082,969, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.68 points to close at 1,154.92, the All T&T Index lost 1.34 points to 1,963.77 and the Cross Listed Index remained at 45.40.
Gains| In trading, Guardian Holdings had 8,240 units changing hands at $13.10, up 9 cents, National Flour closed with 5,500 shares trading for 6 cents higher at $2.06 and Unilever Caribbean with 2,000 units changing hands at a new 52 weeks high of $67 for a gain 24 cents.
Declines| Massy Holdings had 184,135 units valued at $11,619,159, changing hands at $63.10 but at $1.10 less than the prior trade.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 37,225 shares, valued at $837,564, Flavorite Foods traded 2,989 units at $4.80, National Commercial Bank traded 4,097 shares at $1.65 and Scotiabank traded 5,647 units and closed at $62.31 with a value of $351,865.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
Trading volume low on TTSE
Trading in the overall market ended with 13 securities changing hands on Thursday with 2 stocks gaining, 3 declining and 8 traded with the price unchanged. A total of only 110,408 shares traded, valued at $1,254,117.
At the close of the market, the Composite Index fell 0.10 points to close at 1,155.60, the All T&T Index advanced by 0.30 points to 1,965.11 and the Cross Listed Index loss 0.07 to 45.41.
Gains| In trading, One Caribbean Media ending with a gain of 39 cents while trading 3,645 shares changing hands at $22.40 and Unilever Caribbean with 353 units changing hands at a new 52 weeks high of $66.76 and gained 8 cents.
Declines| Clico Investment Fund stock price lost 5 cents to $22.50 with 9,540 shares trading at a value of $2,758,458, National Commercial Bank traded a mere 500 shares 1 cent at $1.66 and Trinidad Cement lost 2 cents while trading 45,974 shares.
Firm Trades| First Citizens Bank with 20,179 shares traded valued at $506,226 to close at $35.70, Flavorite Foods traded 606 units at $4.80, Guardian Media had 1,872 units changing hands at $19.76, National Enterprises closed with 1,361 shares trading at $17.20. Republic Bank ended with just 4 units trading at $114.99, Sagicor Financial with 4,125 units trading closed at $6, Scotiabank traded 2,005 units and closed at $62.31 and West Indian Tobacco closed with 300 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
4 stocks rose on TTSE
Scotiabank traded 42,355 shares carrying a value of TT$2,642,175
At the close of the market, the Composite Index rose 0.58 points to close at 1,161.95, the All T&T Index advanced by 1.10 points to 1,970.55 and the Cross Listed Index gained 0.01 point at 46.37.
Gains| National Enterprises had 2,500 shares changing hands, climbed 10 cents to end at $17.20, Sagicor Financial closing with 210,250 shares valued at $1,318,268, the price edged up 1 cent to $6.27. Point Lisas Industrial Port traded at $3.95, for 5 cents more, with 10,355 units changing hands and Scotiabank traded 42,355 shares carrying a value of TT$2,642,175 to close at $62.30 with a gain of 5 cents.
Declines| Massy Holdings trading 35 shares to close at $64.34.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 500 shares changing hands and ended at $67.25.
CLICO Investment Fund with 33,780 units valued at $479,005 changing hands, closed at $22.60, First Citizens Bank with 13,402 shares trading to close at $35.75, Flavorite Foods ended trading with 1,400 shares at $4.80, Guardian Media had 481 shares at $19.76 and Republic Bank closed with 2,433 shares being purchased at $115.01 with a value of $4,273,073.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
