National Flour Q1 profit is Buy Rated

May 13, 2015 by

National Flour closed at a 52 weeks high on Tuesday at $1.70.

National Flour closed at a 52 weeks’ high of $1.70 Tuesday.

National Flour Mills reported profit of TT$21.8 million in 2014 for the full year but just reported a big jump in profit for the March quarter of $9 million, just under 50 percent of the full year’s results, the company’s latest results battered the $1.9 million made in 2014 first quarter.
Earnings per share ended at 7 cents for the quarter, if the trend continues the company should generate around 30 cents per share in profits for 2015.
The 2015 results flowed from a 21 percent increase in revenues to reach $121.5 million. Improved efficiency resulted in gross profit margin jumping to 24.5 percent from 18 percent in 2014. Administrative expenses jumped sharply in the quarter over that of 2014 by 77 percent to $11.9 million, while selling and distribution cost rose by 20.5 percent to $7.9 million.
National Flour generated $14.9 million in cash flows in the quarter but used it to fund increased working capital needs. In Addition it used up some of the cash funds it had on hand at the end of 2014 totalling $43 million to pay down the loans, reducing loans from $122 million to $94 million, leaving $19 million in cash at the end of March.
The stock which is listed on the Trinidad and Tobago Stock exchange closed on Tuesday at $1.70 but is selling at a low PE of just 5.6 times this year’s earnings, making it extremely cheap based on Trinidad’s usually high multiples that tends to be in the high teens.
Based on the 2015 results reported and our projection for the full year, IC Insider has elevated the National Flour status, to Buy Rated.

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

National Flour at new high

May 12, 2015 by

National Flour closed at a 52 weeks high on Tuesday of $1.70.

IC Insider Buy Rated National Flour closed at a 52 weeks high on Tuesday of $1.70.

Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 4 advanced, 1 declined and 9 traded firm with a total of 408,740 units, valued at $7,385,827.
At the close of the market, the Composite Index rose by 0.14 points to close at 1,154.28, the All T&T Index gained 0.28 points to close at 1,968.40 and the Cross Listed Index remained at 44.61.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 5,904 shares valued at $211,341 to close with a gain of 2 cents, at $35.80. National Flour Mills contributed 6,304 shares and closed with a gain of 6 cents at a new 52 weeks’ high of $1.70. The stock which has the IC Insider Buy Rated status reported a big jump in profit for the March quarter of $9 million compared with just $1.9 million in 2014. Scotiabank with a volume of 20,000 shares being traded for $1,250,200 closed at $62.51, to gain 1 cent and West Indian Tobacco closed with a gain of 2 cents at $125.22 with 2,950 units trading valued at $370,651.
Stocks declining| ANSA McAL traded 719 units, to end 1 cents down at $67.01.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank had 1,010 shares trading at the close at $38.91, Clico Investment Fund with 214,995 shares valued at $4,848,206 closed at $2.55, JMMB Group traded 142,721 shares at 55 cents, Massy Holdings trading 5,346 shares valued at TTSe 12-5-15$339,144 and closed at $63.43. Republic Bank traded 1,413 shares with a value of $162,495 and closed at $115. Prestige holdings closed trading with 500 units at $10, Praetorian Property Mutual Fund 1,000 units at $3.10, Sagicor Financial Corporation traded 868 shares to close unchanged at $5.90 and Trinidad Cement traded 5,000 units to close at $2.80.
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 1with a lower offer.

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

TTSE closes mostly positively

May 8, 2015 by

National flour closed at a 52 weeks high on Friday

National flour closed at a 52 weeks high on Friday

Trading on the Trinidad Stock Exchange closed out the week with 10 securities changing hands, of which 3 advanced, one declined and 6 traded firm with a total of 242,774 units, valued at $1,585,915.
At the close of the market, the Composite Index rose 0.18 points to close at 1,154.68, the All T&T Index advanced by 0.30 points to 1,969.13 and the Cross Listed Index increased by a mere 0.01 points to 44.62.
Gains| Stocks increasing in price at the close are, Guardian Holdings trading 4,500 units, increasing by 5 cents to end at $14.30. Grace Kennedy traded 72,810 shares for $255,539 to close 1 cent higher at $3.51 and National Flour Mills added 5,076 shares to gain 2 cents to end at a 52 weeks’ high of $1.64.
JMMB Group with a decent volume of 141,875 shares changing hands for a value of $78,031, closed with the loss of 1 cent at 55 cents.
TTSE sum 8-5-15 Firm Trades|Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund closed trading with 8,911 shares valued at $201,031, to close at $22.55, First Citizens Bank trading 473 shares to close at $35.78. Massy Holdings traded 330 shares to close unchanged at $63.43 followed by Sagicor Financial Corporation trading 261 shares to end at $5.91. Scotiabank with just 812 shares ended at $62.50 followed by Republic Bank contributing 7,726 shares to the overall volume traded in the market and carrying a value of $888,490 to end at $115.
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 2 stocks with offers that were lower.

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

Moderate price changes on TTSE

May 1, 2015 by

Scotia continues to move higher

Scotia continues to move higher

Trading on the Trinidad Stock Exchange closed the week with 16 securities changing hands of which 5 advanced, 2 declined and 9 traded firm with a total of 657,192units, valued at $4,334,568.
At the close of the market, the Composite Index rose 1.06 points to close at 1,152.40, the All T&T Index rose 0.76 points to close at 1,966.81 and the Cross Listed Index increased by a 19 points to close at 44.32.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank which gained just 1 cent in trading 2,000 units at $5.01. First Citizens Bank traded 3,876 shares closed with a gain of 5 cents, JMMB Group with 483,729 shares changing hands for a value of $241,835 and closed at 50 cents, after gaining 5 cents. Scotiabank gained 16 cents to end at $62.50 while trading 720 shares and West Indian Tobacco traded 432 shares to close with a gain of 2 cents to end at $125.16.
Declines| The stocks declining at the end of trading are, Agostini’s traded 796 units, lost 3 cents to end at $17.25 and ANSA Merchant Bank fell 5 cents to close at $38.90 while trading 200 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 43,160 shares valued at $973,258 and remained at $22.55. Grace Kennedy contributed 5,050 shares at $3.49, Guardian Media added 11,414 shares valued at $225,541 and closed at $19.76TTSE cht 1-5-15while National Flour Mills closed at $1.60 with 300 units traded. National Enterprises traded 119 shares to close at $17.30 followed by One Caribbean Media with 47,320 shares traded at $22.30 for a value of $1,055,236, Republic Bank traded 11,113 shares valued at $1,279,950 to end at $115. Sagicor Financial Corporation contributed 45,142 shares with a value of $266,337.80, while trading at $5.90 and Trinidad Cement with 1,821 shares traded at $2.75.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 6 stocks with the bid higher than their last selling prices and just 1 with the offer that was lower.

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

2 new funds that did not trade

April 30, 2015 by

TTSEDailyTRading280x150 Fortress Caribbean Property Fund Scc – Development Fund and the Fortress Caribbean Property Fund Scc – Value Fund were listed on the Trinidad Stock Exchange on Thursday but they did not trade. Elsewhere the market closed with 12 securities changing hands of which 4 advanced, 2 declined and 6 traded with prices unchanged. A total of 290,627 units, valued at $6,013,857, traded.
At the close of the market, the Composite Index rose 0.21 points to close at 1,151.34, the All T&T Index rose by 0.49 points to close at 1,966.05 and the Cross Listed Index fell 0.01 points to end at 44.13.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading just 300 shares, closed with a gain of 1 cent, at $35.71, Guardian Holdings ending with 160,331 shares changing hands for a value of $2,268,684 closed at $14.15. National Flour Mills with 6,360 shares trading, advanced 10 cents, to end at $1.60 and Trinidad Cement added 9,104 shares to close at $2.75 after gaining 3 cents.
TTSE 30-4-15 Declines| The stocks declining at the end of trading are, Angostura Holdings with a volume of 18,471 shares being traded for $256,747 fell 1 cent to close at $13.90 and Grace Kennedy with 428 shares to close down a cent at $3.59.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal contributing 162 shares as the price closed unchanged at $67.01, Clico Investment Fund trading 73,050 shares valued at $1,647,278 but the price remained at $22.55. Guardian Media closed with 6,743 units trading at $19.76, National Enterprises had 336 shares trading to end at $17.30, One Caribbean Media traded 1,300 shares at $22.30 and Republic Bank contributed 14,042 shares with a value of $1,614,829 at $115.
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 2 stocks with offers that were lower.

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

Sideward move on TTSE

April 24, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange ended the week on a moderate note with 11 securities changing hands of which 2 advanced, 4 declined and 5 traded firm with a total of 299,762 units, valued at $931,739.
At the close of the market, the Composite Index lost 0.62 rose points to close at 1,150.86, the All T&T Index fell by just 0.20 points to close at 1,966.38 and the Cross Listed Index fell 0.14 points to end at 43.96.
Gains| Stocks increasing in price at the close are, Clico Investment Fund had a gain of 4 cents to end at $22.55 with 11,400 shares trading valued at $257,070 and First Citizens Bank traded 1,150 shares valued at $35.61 to close with a gain of 1 cent.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 2,021 shares to close down 8 cents at $13.90, Grace Kennedy with 38,650 shares trading with a value of $135,275, lost 5 cents to end at $3.50. Sagicor Financial Corporation added 10,000 shares valued at $59,000 and lost 10 cents to close at $5.90 and Scotia Investments contributed 30,000 shares, lost 1 cents to close at $1.45.
TTSE 24-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank trading unchanged at $5 with 2,400 units changing hands, Massy Holdings trading 162 shares unchanged at $63.11. National Flour Mills traded with 200,000 shares changing hands for a value of $300,000 to close unchanged at $1.50, National Enterprises with 2,404 shares ended trading at $17.30 and Trinidad Cement contributed 1,575 shares to close at $2.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator has turned negative with only 1 stock with the bid higher than the last selling price and 4 stocks with offers that were lower.

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

6 stocks gained on TTSE

April 23, 2015 by

Witco closed at a new 52 weeks' high of $126 on Thursday

Witco closed at a new 52 weeks’ high of $126 on Thursday

Trading on the Trinidad Stock Exchange ended Thursday with 13 securities changing hands, 6 advanced, 3 declined and 4 traded firm with a total of 455,649 units, valued at $3,193,267.
At the close of the market, the Composite Index advanced by 1.16 points to close at 1,151.48, the All T&T Index rose by 2.65 points to 1,966.58 and the Cross Listed Index fell 0.05 points to end at 44.10.
Gains| Stocks increasing in price at the close are, ANSA McAL contributed 24,456 shares with a value of $1,638,801 to close at $67.02 up by 11 cents, First Citizens Bank traded 2,862 shares to close with a gain of 3 cents to $35.60, Massy Holdings traded 350 shares, gained 1 cents to end at $63.11. Scotiabank traded 1,450 shares to close with a gain of 15 cents at $62.30, Trinidad Cement added 23,621 shares to close with a gain of 5 cents at $2.55 and West Indian Tobacco traded 220 shares and gained 89 cents to end at $126 for a new 52 weeks high.
TTSE 23-4-15 Declines| The stocks declining at the end of trading are, Grace Kennedy with a volume of 24,550 shares trading ended with a 5 cents loss at $3.55. Praetorian Property Mutual Fund suffered the day’s greatest loss, falling 38 cents to close at $3.10 while trading 8,000 shares and Republic Bank traded 2,502 shares with a value of $289,531 to close down 8 cents at $115.72, at new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings with 8,000 shares trading, closed at $14.05, National Flour Mills traded at $1.50 with 336,910 shares changing hands, for a value of $505,365. National Enterprises with 785 shares trading, closed at $17.30 and Prestige Holdings traded 21,943 shares with a value of $219,430 at $10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.

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

1 stock gained 4 fell on TTSE

April 22, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange ended on Wednesday with 9 securities comprising 62,645 units, with a value of $2,293,590 changing hands. A total of 1 security advanced, 4 declined and 4 traded with prices unchanged.
At the close of the market, the Composite Index fell 0.61 points to close at 1,150.32, the All T&T Indexdeclined by 1.19 points to 1,963.93 and the Cross Listed Index remained unchanged at 44.15.
Gains| just one stocks increased in price at the close as, First Citizens Bank trading 905 shares at $35.16 after adding a cent.
Declines| Clico Investment Fund fell 9 cents to end at $22.51 with 9,000 shares trading with a value of $202,604. Guardian Holdings with 10,287 shares changing hands for a value of $144,532 ended 15 cents lower at $14.05, Republic Bank with 15,630 shares changing hands valued at $1,809,966, fell 4 cents to end at $115.80, for a new 52 weeks’ low and Trinidad Cement traded 8,821 shares and ended with a loss of 5 cents at $2.50.
TTSE 22-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, JMMB Group with a volume of 14,321 shares trading at 43 cents, National Enterprises traded 1,175 shares to close at $17.30, National Flour Mills with 6 shares closed at $1.50 and One Caribbean Media traded 2,500 shares at $22.30.
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: , , , ,

Moderate price changes on TTSE

April 17, 2015 by

TTSEDailyTRading280x150 Trading on the Trinidad Stock Exchange closed with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 96,614 units, valued at $998,347.
At the close of the market, the Composite Index lost 0.82 points to close at 1,150.66, the All T&T Index fell by just 0.11 points to close at 1,964.88 and the Cross Listed Index fell 0.20 points to end at 44.11.
Gains| Unilever Caribbean enjoyed the day’s sole price increase, climbing 5 cents to end the day at a new 52 weeks’ high of $66.08.
Declines| The stocks declining at the end of trading are, First Citizens Bank adding 4,644 shares valued at $165,151, closing 1 cent lower at $35.56. Sagicor Financial Corporation suffering a loss of 25 cents, to close at $6 with 64,675 shares changing hands for a value of $388,807 and Republic Bank with 763 shares traded 4 cents down at $115.95.
TTSE sum 17-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund ending at $22.50, while trading 2,543 units, Guardian Holdings with 10,994 shares trading for $156,115, ended at $14.20. had just 1,000 shares changing hands at 43 cents, National Flour Mills with 600 shares changing hands, closed at $1.50, Scotiabank exchanged 453 shares, to close at $62.11 and Trinidad Cement contributing 9,593 shares at $2.50.
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.

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

TTSE marking time

April 16, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange ended Thursday with 10 securities changing hands of which 2 advanced, 1 declined and 7 traded firm with a total of 167,953 units, valued at $1,778,490.
At the close of the market, the Composite Index lost 0.16 points to close at 1,151.48, the All T&T Index rose fell by just 0.33 points to close at 1,964.99 and the Cross Listed Index remained at 44.31.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank contributing 7,740 shares with a value of $301,473 closed at 4 cents up at $38.95 and First Citizens Bank traded 2,570 shares to close with a gain of 1 cent, $37.57.
Declines| National Enterprises was sole declining stock as it lost 3 cents to end the day at a 52 weeks’ low of $17.30.
TTSE 16-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading just 100 shares to close at $66.91, Clico Investment Fund with 42,588 shares valued at $958,654 ended at $22.50, Guardian Holdings contributed 1,131 shares with the price closing unchanged at $14.20. JMMB Group with 10,000 shares trading, ended at 43 cents, while Massy Holdings added 3,718 shares valued at $234,420 and ended at $763.05, National Flour Mills with 99,633 shares changing hands for a value of $149,450 and closed at $1.50, West Indian Tobacco trading 73 shares to close at $125.10.
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: , , , , , , , , , , , ,