Trinidad PE moving slowly

Friday, 3rd January 2013 | The only significant movement to take place during the week on the Trinidad Stock Exchange is the continued rise in the stock price of First Citizens but that had little effect on the potential gains for the company as shown on our PR Chart. The stock closed the week at a record $72.61 price.

TTSE_TopStocksJan3rdFor others that had gains during the past week, the movements were even less impactful on potential gains. Trinidad Cement’s gain during the week helped to reduce the gains going forward while Republic Bank keeps inching up but still has much room to cover before it becomes fully valued.

By the looks of the IC Insider PC Chart to start off the New Year, the Trinidad market is poised to enjoy another year of healthy gains for some stocks.

TTSE_PEJan3rdThe Top Stocks with potential gains by PE Ratios are Trinidad Cement leading with 291%, Berger 206%, Guardian Holdings 202%, National Flour 178%, Neal & Massy 133%, Point Lisa 116%.

Stocks with less than 100% potential gains are Republic Bank, OC Media, Prestige, Agostini and Citizens Bank, who has given investors over 96% gains (including dividends) in the 5 months since listing as an IPO in August, 2013.

Related Posts | First Citizens staff lose huge payday | Buy Rated: H&L up 74%

TTSE PE: Values hardly dented

Friday, 22nd November 2013 | The PE ratio chart for Trinidad Stocks showed little change from last week.

Added to the chart is ReadyMix (WI) Ltd. a subsidiary of Trinidad cement. Based on the results to September, the company appears over valued  but the company’s results have been turned from a loss in 2012 to a profit this year.

BUyRatedGRowthNov25We have updated earnings for a number of companies based on their September results. The chart shows that there are still very good stock values in the Trinidad market with potential for good levels of appreciation.

Our chart of the Top 8 Stocks with potential gains is a good place to start when looking to buy.

Related posts | New additions to Buy Rated stocks

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PE Ratios: Trinidad still has good buys

Friday, 15th November 2013 | The prices of a number of Trinidad stocks have been inching up ever since the First Citizens issue was listed on the exchange in September. However, even as the prices of several stocks have moved up, there are still a number of securities that are highly undervalued.

A look at the chart or graph below shows where the best opportunities lie. However, we must point out that Republic Bank selling at a PE of 16 is a very compelling buy, versus First Citizens’ 24 or Scotia Bank’s 23.

TTSE_PENov15thTrinidad Cement, in spite of climbing well over 100 percent since it hit bottom earlier this year and the reporting of below par third quarter numbers, is another compelling buy that we highly recommend to investors.

Related posts | TTSE PE: Republic fails to hold on | Republic ups stake in Ghanaian Bank |  TCL up 209% in two months

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Image courtesy of Tungphoto/FreeDigitalPhotos.net

TTSE PE: Republic fails to hold on

Friday, 25th October 2013 | The were marginal changes to prices of stocks on the Trinidad Stock Exchange with Trinidad Cement and Republic Bank being the notable exceptions.

Trinidad Cement fell back on Friday to $2.10, thus raising the potential gains back to 500 percent. The stock sits at the top of the PE Ratio list followed by Berger at 206%, Guardian Holdings and National Flour almost dead even at 177% and 178% respectfully, Point Lisa 112% and Neal & Massy 88%.

Republic Bank traded as high as $117.17 early in the week but failed to hold on as the price moved well ahead of where the market would be normally trading at. As of the close of this week, Republic Bank has potential gains of 50% based on IC Insiders PE Ratio chart.

TTSE_PEOct35Related posts | TTSE: Republic Bank drops | TTSE PE ratio: Angostura off potential buy list

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Ghana Stock market inching higher

The Ghana Stock Exchange, which has been on a tear for 2013 having clocked up 71 percent up to the week ended October 11, went on to record further gains this past week with the market index closing at 2,088.92 points to be up 74.12 percent year-to-date after recording another positive week of gains.

Nine stocks recorded price gains for the week and 3 declined with Ecobank Ghana gaining 11 percent to close at GH¢5, still leaving the PE ratio under 2 times this year’s earnings. SIC Insurance Company gained 5 percent to end at GH¢0.40 but the stock still looks cheap with ongoing earnings resulting in a PE of just over 1 times earnings and Tullow Oil Plc traded up GH¢0.50 to close at GH¢31.70. At the close, the bid for this stock was GH¢32 and the stock now trades at around 25 times 2013 earnings after writing off exploration cost.

The Cedi is the Ghana currency with approximately GH¢2 equals US1 dollar.

Related posts | Ghana stocks now up 71.4% | Big gains in Ghana Stocks 

TTSE PE ratio: Angostura off potential buy list

Friday, 18th October 2013 | Angostura’s price spurted this past week on the Trinidad Exchange to hit $13.50 and with a PE of 22.5 has fully discounted any potential gains. The stock price may well head higher due to scarcity of supply but it has moved in to the risk taking category unless investors are buying for the long term.

Trinidad Cement had some gains during the week but still has more room to go. National Flour and National Enterprise also enjoyed gains during the week but still has room to run. Not much else happened during the week and the attractiveness of many stocks remain intact. The Top 6 stocks with potential gains remain TT Cement, TT Berger, Guardian Holdings, National Flour, Point Lisa and Neal & Massy.

TTSE_PE_Oct18There are signs that a number of the companies of the TTSE are gaining increased investor interest that drove prices up for some during the past week with signs of more to come.

Related posts | TTSE PE: Some stocks lose potential

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TTSE PE: Some stocks lose potential

Friday, 11 October 2013 | New to Top 6 of our PE Ratio list of stocks on the Trinidad & Tobago Stock Exchange is Point Lisas Port Development as it shows very promising prospects based on the results to June, 2013, excluding the fair value gains or losses on investment property. It now ranks as 5th with a possible 111% potential gain.

Elsewhere, Angostura Holdings’ price has have moved up leaving not much potential gain at current earnings and is now at the bottom of the PE listing with possibly a 15 percent more potential gain. Buyers at this level will be taking on added risk in the hope that 2014 results will continue to show improvement, thus making it an investment worth acquiring based on the scarceness of the stock.

TTSEPE_RatioOct11Guardian Holdings potential gains has been reduced and it slipped to 4th in the ranking with a 181% potential gain. National Flour has appreciated to 3rd place and National Enterprises has moved up in price and down in attractiveness but it could still move up by nearly 30 percent.

As at Friday’s close of the market, the bids look interesting for a number of stocks and the coming week could be compelling for investors and the IC Insider’s PE ranking of potential gains.

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Image courtesy of Jeroen Van Oostrom/ FreeDigitalPhotos.net

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TTSE PE: Changes in ranking

Friday, 4th October 2013 | The PE Ratio chart continues to show good potential for a number of stocks to provide decent gains in the months ahead on the Trinidad & Tobago Exchange.

There are some stocks that appear to be fully priced with a limited likelihood of growth and there are those that are riskier than stocks with very low PEs relative to their peers.

TTSE_PE+Oct4Trinidad Cement still sits atop the heap with potential for 500 percent gains followed by Guardian Holdings, Berger Paints that has not been trading and National Flour that climbed to 87 cents at the end of the week.

National Enterprises is now up to $17.02 which reduces the potential gains to 35 percent and Angostura Holdings gains is now down to 26 percent.

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TTSE: PE ratio changes for the top 5

Friday, 27th Friday 2013 | There have been a few changes to the PE Ratio rankings this past week as prices moved a bit on the Trinidad Stock Exchange resulting in changed positions for the Top 5 Stocks with the highest potential gains.

National Flour dropped from the second spot for potential gain to fourth due to the price increasing to 89 cents at the end of the week. Guardian moved up to the second spot while Agostini’s dropped below National Enterprise to tenth position by a moderate increase in price. Meanwhile despite a loss of 4 cents, Trinidad Cement still holds on to the Number One spot with nearly a 500% potential gain.

TTSEPERatioSep27

The Top 5 companies with the most potential are Trinidad Cement, Guardian Holdings, Berger TT, National Flour and Neal & Massy.

Newly listed First Citizens remains off the buy list with the stock being fully valued and is hemmed in by the values of other bank stocks like Scotia and Republic Bank.

 

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PE Ratio: TCL back in focus

Friday, 20th September 2013 | There were three main movers in the PE Ratio chart for this week.

First Citizens Bank which debut on the TTSE on Monday at $22 per share exploded as high as $38.45 before settling around $35 range for a gain of 58 percent for the week.

The move reached IC Insider’s suggested price range based on the valuation of other banking stocks on the TTSE. From here on, the stock is now more for long term gains as the PE ratio has risen to 23 times this year’s earnings, just above Scotia Bank and well above Republic’s 15 times PE.

PRRatioSept20The other stocks that registered changes were Trinidad Cement, which bounced back to close at $2.25 and Guardian Holdings that hit $15.50 at the end of the week. Not much has changed elsewhere in the Trinidad market from last week.

Related posts | First Citizens off Buy Rated list

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