National Enterprises

5 down 1 up on TTSE Wednesday

August 26, 2015 by IC Insider.com

JMMB Group the only stock gaining on Wednesday

The majority of price movements on the Trinidad & Tobago Stock Exchange in Wednesday’s trading registered declines with 13 securities changing hands. 1 stock gained while the prices of 5 declined and 7 traded with prices unchanged. A total of 413,853 shares traded, valued at $3,862,758.
At the close, the Composite Index declined by 0.30 points to 1,142.18, the All T&T Index gained 0.30 points to 1,948.14 and the Cross Listed Index lost 0.12 points to 44.09.
Gains| JMMB Group traded 22,490 shares gained 3 cents to close at 45 cents.
Losses| Ansa Merchant Bank traded 1,455 units with a 5 cents loss to end at $38.90, National Enterprises with 4,350 shares changing hands, and lost 1 cent, to close at a 52 weeks’ low at $16.99, National Flour Mills with 251,646 shares changing hands for a value of $529,077 lost 10 cents to end at $2.10. One Caribbean Media traded 91 shares with the price falling 31 cents to $22 and Sagicor Financial Corporation closed with 30,421 shares changing hands at 25 cents lower at $5.75.
Firm Trades|, Clico Investment Fund traded 42,420 shares valued at $954,450 and closed at $22.50, First Citizens Bank had 1,337 shares changing hands and ended at $35,

Guardian Holdings added 18,639 shares to close at $12.90. Guardian Media added 1,070 shares to close at $19.76. Massy Holdings had 25,499 shares valued $1,593,688 trading Scotiabank closed with 1,984 shares changing hands unchanged at $62.32 and ended at $62.50 and Trinidad Cement closed at $2.75 with 12,495 shares changing hands.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, clico, Daily Trading, First Citizens, Guardian Holdings, Guardian Media, JMMB, Massy Holdings, National Enterprises, National Flour Mills, One Caribbean Media, Sagicor, Scotia, Trinidad Cement, TTSE

No end to TTSE fall

August 20, 2015 by IC Insider.com

In overall trading Thursday on the Trinidad & Tobago Stock Exchange,15 securities changed hands, the price of 1 rose, 4 declined including 2 closing at a 52 weeks’ low and 10 traded with prices unchanged as a total of 174,395 shares traded, valued at $2,472,069.
At the close of the market, the Composite Index slid 2.06 points to 1,145.61, the All T&T Index fell 2.75 points to 1,954.54 and the Cross Listed Index fell 0.18 points to close at 44.15.
Gains| Clico Investment Fund traded 58,680 shares valued at $1,320,867 and closed 1 cent higher at $22.51.
Losses| ANSA McAL contributed 636 shares in trading, to close at $67.25 with the loss of a cent, JMMB Group traded 2,000 shares to close 4 cents down at 41 cents. National Enterprises with 827 shares changing hands, and lost 9 cents, to close at a 52 weeks’ low at $17 and Republic Bank suffered a loss of 1 cent to close at a 52 weeks’ low of $113.99 with 6,423 shares changing hands, at a value of $732,158.
Firm Trades| Angostura Holdings with 40 shares changing hands, closed at $14, Ansa Merchant Bank traded 446 units at $38.95, Grace Kennedy had 240 units changing hands at $3.50, Guardian Holdings added 2,000 shares to close at $12.90, Guardian Media traded 300 shares with the price remaining at $19.76. Massy Holdings traded 73 shares to close at $67.02, National Flour Mills with 51,250 shares traded and closed at $2.20, One Caribbean Media traded 100 shares with the price closing at $22.31, had 712 shares changing hands at $62.32 at the close and Trinidad Cement traded 50,668 at $2.90.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Mcal, Ansa Merchant Bank, clico, First Citizens, Grace Kennedy, JMMB, JMMB Group, Massy Holdings, National Enterprises, NCB, Republic Bank, Scotia, Trading Activity, Trinidad Cement, TTSE

2 up 3 down on TTSE

August 19, 2015 by IC Insider.com

In overall trading on the Trinidad & Tobago Stock Exchange on Tuesday,13 securities changed hands, 2 stocks rose, 3 declined and 8 traded with prices unchanged as a total of 157,041 shares traded, valued at $3,411,444.
At the close of the market, the Composite Index slid 1.54 points to 1,147.67, the All T&T Index remained unchanged at 1,957.29 and the Cross Listed Index fell 0.41 points to close at 44.33.
Gains| ANSA McAL contributed 1,203 shares and closed at $67.26 with a gain of a cent and Scotiabank had 4,550 shares changing hands at $62.32, up 1 cent.
Losses| Agostini’s traded 1,470 units at $17.25 down 1 cents, Massy Holdings traded 18,284 shares valued at to close at $67.02 after declining by 6 cents, National Commercial Bank also fell but by 6 cents to end at $1.52 with 7,000 shares changing hands.
Firm Trades| Angostura Holdings with 1,940 shares changing hands, to close at $14, Clico Investment Fund traded 26,590 shares valued at $598,395 and closed at $22.50, First Citizens Bank with 10,434 shares changing hands for a value of $365,190 and closed at $35 while Guardian Holdings added 18,284 shares valued at $515,124, to close at $12.90. National Enterprises with 3,500 shares changing hands, closed at $17.09, National Flour Mills with 2,056 shares traded closed at $2.20, Sagicor Financial Corporation added 39,682 shares valued at $238,092 to end at $6, and West Indian Tobacco traded 400 shares to close at $126.
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 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, clico, Daily Trading, First Citizens, Guardian Holdings, National Enterprises, National Flour Mills, NCB, Sagicor, Scotia, West Indian Tobacco

Witco back at $126 on TTSE

August 17, 2015 by IC Insider.com

Witco gained 63 cents on TTSE on Monday

West Indian Tobacco traded just 100 shares to closed with a gain of 63 cents back at $126, a price it traded at in early July, this year. The other stock gaining for the day is National Flour Mills with 250 shares to close of 10 cents higher at a 52 weeks high of $2.20.
In overall trading on the Trinidad & Tobago Stock Exchange on Monday, million worth of stocks traded and ended with 10 securities changing hands with 2 stocks rising, 4 declining and 4 traded with prices unchanged as a total of 339,807 shares traded, valued at $2,428,548.
At the close of the market, the Composite Index gained 0.17 points to 1,151.22, the All T&T Index rose 0.35 points to 1,958.71 and the Cross Listed Index remained at 45.09.

Declines| Clico Investment Fund traded 4,035 shares and closed at $22.50, down 1 cent, Guardian Holdings with 34,627 shares changing hands for a value of $446,688, closed at $13.90, after shedding 10 cents to end at a 52 weeks’ low. One Caribbean Media traded 2,875 shares with the price falling 9 cents to $22.31 and Republic Bank traded just 75 units, 7 cents lower at $114.90.
Firm Trades| First Citizens Bank with 500 shares changing hands, closed at $35, Grace Kennedy added 760 shares at $3.50, National Enterprises ended at $17.09 with 500 shares changing hands and Sagicor Financial Corporation added 296,085 shares valued at $1,776,458 to end at $6.
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 5 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, First Citizens, Grace Kennedy, Guardian Holdings, National Enterprises, National Flour Mills, One Caribbean Media, Republic Bank, Sagicor, TTSE, West Indian Tobacco

Clico traded $34m shares on TTSE

August 14, 2015 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange saw $35 million worth of stocks trading and ended with 9 securities changing hands with 2 stocks rising, 1 declining and 6 traded with prices unchanged as a total of 1,623,705 shares traded, valued at $35,006,596.
At the close of the market, the Composite Index gained 0.26 points to 1,151.05, the All T&T Index rose 0.44 points to 1,958.36 and the Cross Listed Index added 0.01 point to end at 45.09.
Gains| National Enterprises increased 4 cents to end at $17.09 with 556 shares changing hands and Scotia Investments was the volume leader with 50,000 shares changing hands 1 cent higher at $1.51.
Declines| Massy Holdings traded 118 units, 3 cents lower at $63.05.
Firm Trades| Clico Investment Fund traded 1,534,780 shares valued at $34,547,898 to close at $22.51, Firstcaribbean International Bank added 5,000 shares at $6, Grace Kennedy ended with 17,789 units changing hands at $3.50, National Flour Mills traded 3,000 shares to close at $2.10, Sagicor Financial Corporation added 12,697 shares to end at $6 and Scotiabank traded 3,365 shares unchanged at $62.31.
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 6 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Firstcaribbean International Bank, Grace Kennedy, Massy Holdings, National Enterprises, National Flour Mills, Sagicor, Scotia, Scotia Investments, TTSE

Bearish tone continues on TTSE

August 7, 2015 by IC Insider.com

Witco was the sole stock rising on TTSE on Friday

Trading in the overall market ended with 17 securities changing hands on Friday with 1 stock gaining, 4 declining and 12 traded with the price unchanged. A total of only 321,993 shares traded, valued at $4,105,917.
At the close of the market, the Composite Index fell 1.03 points to close at 1,151.31, the All T&T Index lost 1.70 points to 1,958.27 and the Cross Listed Index dipped 0.05 at 45.17.
Gains| In trading, West Indian Tobacco gained 1 cent, in trading 4,921 units valued at $430,486 to end at $125.37.
Declines| Grace Kennedy closed with 16,318 shares changing hands at $3.60 for a 5 cents decline, Guardian Holdings had 6,000 shares trading at the close at $13.09 down I cent, Massy Holdings closed with 33,938 shares changing hands, 1 cent lower at $63.09 carrying a value of $2,141,487 and National Enterprises ended with 6,600 shares changing hands with a fall of 13 cents to $17.05 for a new 52 weeks low.
Firm Trades| Angostura Holdings closed with 8,173 shares changing hands to end at $14, ANSA McAL with 2,838 shares ended at $67.25, Clico Investment Fund traded

just 760 units at $22.51. Firstcaribbean International Bank traded 4,008 units and closed at $5, First Citizens Bank closed at $35 with 5,753 shares changing hands valued at $201,355. National Flour trade 200,000 units at $2.10 for a value of $420,000. Praetorian Property Mutual Fund contributed 10,000 shares at $3.05, Point Lisas traded 10,000 shares at $4.06, Sagicor Financial with 200 units trading, closed at $6, Scotiabank traded unchanged to end at $62.31 with 734 shares, Scotia Investments traded 17,000 units and closed at $1.50 and Unilever Caribbean with 100 units changing hands, ended at $67.
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 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Firstcaribbean International Bank, Grace Kennedy, Guardian Holdings, Massy Holdings, National Enterprises, Praetorian Property Mutual Fund, Sagicor, Scotia, TTSE, West Indian Tobacco

Unilever continuing rise on TTSE

August 4, 2015 by IC Insider.com

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.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, clico, Flavorite Foods, Massy Holdings, National Enterprises, National Flour Mills, Sagicor, Scotia, Trading Activity, TTSE, Unilever Caribbean, West Indian Tobacco

Falling prices overwhelm on TTSE

August 3, 2015 by IC Insider.com

Trading in the overall market ended with 15 securities changing hands on Monday with 1 stock gaining, 5 declining and 9 traded with the price unchanged. A total of only 322,715 shares traded, valued at $2,878,812, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.83 points to close at 1,154.09, the All T&T Index lost 2.18 points to 1,961.59 and the Cross Listed Index gained 0.07 points to close at 45.47.
Gains| In trading, National Flour closed with 29,416 shares trading for 4 cents higher at $2.10.
Declines| First Citizens lost 45 cents in trading 1,247 shares and closed at $35.25, National Enterprises closed with 535 shares trading a cent lower at $17.19, Praetorian Property Mutual Fund traded 14,000 units at $3.05 and lost 5 cents. Prestige Holdings had 600 shares changing hands at $9.87 but at 2 cents less than the prior trade, Republic Bank lost 1 cent in trading 4,944 shares valued at $568,461 to close at $114.98.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 43,482 shares valued at $978,345, Firstcaribbean Bank traded 313 shares at $5.01, Grace Kennedy had 32,043 units changing hands at $3.65, Guardian Holdings had 8,548 units changing hands at $13.10, National Commercial Bank traded 43,838 shares at $1.65. Sagicor Financial Corporation with 128,408 shares changing hands for a value of $770,448 closed unchanged at $6, Scotiabank traded 1,111 units and closed at $62.31, Scotia Investments with 11,230 units changing hands $1.50 and Trinidad Cement closed at $2.90 with 3,000 shares trading.
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 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, First Citizens, Guardian Holdings, Massy Holdings, National Enterprises, National Flour, Praetorian Property Mutual Fund, Prestige Holdings, Republic Bank, Sagicor, Scotia, Scotia Investments, Trinidad Cement, TTSE

Trading volume low on TTSE

July 30, 2015 by IC Insider.com

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.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Flavorite Foods, Guardian Holdings, Guardian Media, National Enterprises, NCB, Sagicor, Scotia, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Profit up 171% for National Enterprises

July 5, 2015 by IC Insider.com

National Flour – one of the companies that NEL has interest in

National Enterprises (NEL), a holding company for a series of investments in other major enterprises formerly controlled directly by the Trinidad government, recorded a profit of $490 million for the year ended March 2015, compared to $181 million in the previous year, an increase of 171 percent with earnings per share of 80 cents, compared to 32 cents for the prior year.
“Your Board’s strategic decisions to pursue a diversification strategy by seeking new investments and strengthening management has also started to produce results” Kenny Lue Chee Lip, Chairman of the company stated in a release to the Trinidad & Tobago Stock Exchange recently.
Trinidad Telecom produced higher results of $85 million, up from a loss of $226 million and Trinidad Nitrogen Company $157 million versus $192 million in 2014 and $29 million. National Flour Mills in which NEL owns 51 percent also reported improved earnings, this company is listed on the Trinidad Stock Exchange.
NEL expects dividend income of $318 million compared to $305 million in 2014. NEL received the first full year earnings from its investment in a 10 percent shareholding in Powergen yielding $11.5 million in dividends, as well as dividends from the investments in First Citizens Bank and Clico Investment Fund. An investment in November, 2014 in Pan West Engineers LLC (the owner of 10 percent of Phoenix Park Gas Processors Limited) as a member of a consortium produced dividends of $9.8 million.
A final dividend of 27 cents is proposed which when added to the interim dividend of 23 cents gives a total dividend of 50 cents for the year (2014: 46 cents).
The value of each of the 600 million issued shares is $5.67 each and the stock last traded on the Trinidad and Tobago Stock Exchange at TT$17.21.

Filed Under: Company News, Company Results Tagged With: clico, First Citizens, National Enterprises, National Flour Mills, Phoenix Park Gas Processors Limited, Trinidad Stock Exchange, TTSE