Buy Rated stock list grows

Monday, 19th August 2013 | The reporting season is now in full swing with June quarterly results rolling in almost every day.

Stock Watch | New to the Watch list is  RJR as the company reported a strong turnaround from cost cutting and increased revenues in the June quarter to record a small profit. Look out for our post on their last quarter later this week.

Buy Rated | We have added First Citizens to the Buy Rated list since the IPO has been fully subscribed. Unfortunately investors will have to wait until 16th September before they can trade in the stock on the Trinidad Stock Market.

Also new to the Buy Rated list is General Accident, a Junior Market company. The company’s continued good quarterly results have made the stock undervalued when compared to other companies. We will post our report on the latest quarterly results shortly.

Buy Rated JMMB traded heavy volumes in Jamaica this past week and all shares on offer in the Trinidad market were snapped up in two days as the company posted very strong growth in profit for the first quarter to June. The stocks seems poised to move up in the coming week.

Caribbean Cement rallied sharply in the past week and looks as if it will go further in the coming week. The same applies to its parent Trinidad Cement that has shown 85% increase in value since July 1st with lots of potential based on the TTSE PE Ratio chart.

Related Posts | T&T Citizens Bank IPO oversubscribed | First Citizens’ $1B IPO opens today | General Accident’s profit up 65 percent  | JMMB big bump in profits | Cement profit surge – not so fast | Cement could be good for your pocket | TTSE: PE Ratio green lights TCL

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please use category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

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TTSE: PE Ratio green lights TCL

When we highlighted the stocks with the best potential for gains in the Trinidad Stock Market for the week ending June 28th, Trinidad Cement showed a potential to gain 900% with a PE of 3.17. and a stock price of 95 cents.

Since then, the stock has appreciated to $1.76 at August 16th, reducing the potential gain to 650%. Since July 1st, the stock is up 85% from when it traded at 95 cents. No other stock has appreciated close to that of TCL and the potential gains remain the same as was projected last week. TCL looks as if it will continue to increase in price over the coming week as the bid at the close on Friday was a bit higher than the last selling price of the stock.

The PE Chart continues to reflect good buying opportunities for a number of the stocks apart from TCL.

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Related Posts | Cement could be good for your pocket | TTSE: PE Ratio bargins abound

TTSE: Unilever dominates

Friday, 16th August 2013 | Jamaica Money Market Brokers was leading stock trading on the Trinidad & Tobago Stock Exchange on Friday with 1,350,000 shares changing hands for a value of $675,000. This was the second big trading day for the stock as 834,646 units were traded on Thursday clearly benefiting from a big jump in the company’s first quarter profits of J$753 million compared to J$470 million in 2012 from ongoing business. However, Unilever Caribbean stole the show for the value of trade at $1,975,823 for 35,911 shares traded.

In a market that is in the process of consolidating, only 11 securities of which 3 advanced, 5 declined and 3 traded firm with price movements being moderate. The market registered a volume of 1,588,442 shares crossing the floor of the Exchange valued at $3,665,771.

Trinidad Cement with a volume of 102,000 shares traded for a total value of $179,520. The stock price increased by 6 cents to end the day at $1.76 and is now up 85 percent since July 3 of this year when it then traded at 95 cents. Grace Kennedy accounted for 29,000 units valued at $98,333.

Sagicor Financial Corporation suffered the day’s greatest loss, falling $0.32 to close at $6.30 as 13,520 of the company’s stock traded. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 22,031 shares valued at $473,667 and trading firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 2 stocks was higher than the last selling price, with 2 stocks with offers that were lower.

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TTSE: JMMB moves up

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Thursday, 15th August 2013 | Today’s market activity resulted in 12 securities trading as the prices of 4 stocks advanced, 4 declined and 4 traded firm.

Trading activity on the market registered a volume of 1,246,781 shares crossing the floor of the Exchange valued at $3,420,965. Jamaica Money Market Brokers after struggling to maintain its price for weeks came into its own with 834,646 shares trading for a value of $417,273 as the investment house reported strong profits for the first quarter to June. The stock traded up 5 cents to close at 50 cents.

National Flour Mills with a volume of 148,124 traded at a value of $103,687. Trinidad Cement contributed 140,000 shares with a value of $238,000 with the price increasing 19 cents to end the day at $1.70. The stock continues to respond positively to the company’s return to profitability. Sagicor Financial Corporation added 41,091 shares valued at $272,099 as the price fell 28 cents to close at $6.62. ANSA McAL traded 11,834 closing firm at $66.29, National Commercial Bank saw 21,186 units changing hands for $1.17, off a cent at the close. Scotia Investments gained 2 cents to $2.02 at the close while trading 34,000 units. West Indian Tobacco added 9,500 units at $117.05. The stock has been struggling to maintain its recent rapid rise in price since Carreras, a stock trading on the Jamaica stock Market and who imports the bulk of its cigarettes from WITCO, reported a 30 percent drop in sales which coincided with Jamaica’s introduction of a smoking ban in public.

Clico Investment Fund in posting a volume of 21,396 shares valued at $460,014 closed firm at $21.50.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 1 stock was higher than the last selling price while 4 stocks had offers that were lower.

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TTSE: It’s Clico’s day

Tuesday, 13th August 2013 | Clico Investment Fund traded 49,307 shares at $21.51 valued at $1,060,701 to be the dominant trade on the Trinidad & Tobago Stock Exchange today. A mere 136,296 units traded at a value for $2.43 million as only 7 securities traded but no stocks advanced, 2 declined with just a cent off each and 5 traded firm.

The main stocks trading were National Enterprises with 80,389 shares valued $1,286,224, One Caribbean Media with a volume of 1,000 shares for $18,000, Grace Kennedy just 1,000 shares with a value of $3,400, ANSA McAL 500 shares valued at $33,145.

Praetorian Property Mutual Fund remained at $3.41while trading 4,000 units.

There was only 1 stock, Trinidad Cement, with a bid that was higher than the last sale and 1 with an offer less than the last price; sign that the market has cooled off for the time being.

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TTSE: Not much trading

Monday, 12th August 2013 | Trading on the Trinidad & Tobago Stock Exchange was low on the first trading day after Friday’s public holiday. Only 5 securities traded 3 declined, 2 traded firm and there were no stocks that advanced in price.

Trading accounted for 70,176 shares valued at $934,423. Our source in Trinidad suggest that the low volume in today’s trading may be due to Friday’s holiday as well as funds going into the Citizens Bank IPO with brokerage staff being tied up dealing with applications for the IPO.

National Enterprises had 30,363 shares changing hands for a value of $485,808, followed by Sagicor Financial Corporation with 28,763 shares traded for $198,465 and shedding 9 cents to close at $6.90. Scotiabank Trinidad & Tobago had a mere 200 shares trading valued at $14,000, while Republic Bank exchanged just 30 shares valued at $3,300.

Clico Investment Fund in posting a volume of 10,820 shares valued at $232,850 lost a cent to at $21.52.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher and 1 stock with an offer lower than the last selling price.

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T&T Citizens Bank IPO oversubscribed

Word out of the Twin Island state of Trinidad & Tobago indicates that the Citizens Bank of Trinidad IPO, which went on sale July 15th and should have closed on Friday, August 9, is to be closed today. The new closing date is due to Friday being a public holiday in Trinidad.

The stock, which was priced at $22 per share for the IPO, is said by our sources to heavily oversubscribed from last week. The oversubscription is in line with comments heard by IC Insider out of Trinidad prior to the opening of the public offer suggesting that the shares will be avidly taken up. The stock, which has a PE of 11 times earnings at the IPO price, is expected to jump in price when listed later this month.

The government of Trinidad & Tobago is expected to benefit from the proceeds of $1.1 billion from the issue.

The take up of the issue is welcomed news for the Trinidad & Tobago stock exchange. Not only will the number of companies be increased but the new issue will generate additional revenue from annual listing fees as well as fees when the shares are traded.

The exchange is set to collect an annual listing fee of TT$130,000 plus TT$25,000 for the trading symbol and a fee for each trade amounting 0.30 percent of the consideration. The Central Depository will also garner fees for each trade as well.

Related Posts | First Citizens’ $1B IPO opens today

Keep an eye out and buy!

Monday, 12th August 2013 | With the Emancipendence Holiday season over, will the markets be back on track? Our ‘Stocks to Watch‘ list previews some of the action expected in the markets this week.

Buy Rated Stock | New to our Buy Rated list is Sagicor. Our analysts were quite impressed by their recent quarterly report and will publish their reasons why in the upcoming days. Meanwhile, we reviewed the latest quarterly report from another Buy Rated stock, Barita Investments. In our opinion “At the current price in the $2.32 range . . . investors could reap good returns from this stock in 2014, if not before.”

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

Related posts | Profits up at Barita Sagicor undervalued despite $B NDX hit

To find published reports for a Buy Rated stock on IC Insider, please use category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

Watch&BuyAug12th

TTSE: PE Ratio bargins abound

Friday, August 9th 2013 | There is not much change in the PE chart over the past week from the chart dated August 2nd, 2013 and investment bargins on the Trinidad Stock Exchange remain the same.

Top 4 stocks | Trinidad Cement Limited, which had a bid at the start of the week of $1.51 was well ahead of the actual price movement that ended the week at $1.51. The stock now has a bid of $1.54 but seems to be heading much higher as the PE is still so low with a huge potential upside.

National Flour, a company that has reported inconsistent results in the past, has room to grow based on profit numbers available. Guardian Holdings has never really garnered much following in the Twin Isle has lots of room to grow and Berger, which is on the mend should pick up interest in the future along with Neal & Massy, Citizens bank (after it lists), One Caribbean Media and Republic Bank.

Related Posts | TTSE: PE Ratios show bargains | Cement could be good for your pocket | Guardian ongoing profits up 29% | Guardian maintains strong rating | Berger TT profit poised for big gain

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TTSE: Trading sinks

Thursday, 8th August 2013 | A mere 67,521 shares crossed the floor of the Trinidad & Tobago Stock Exchange valued at $742,258 even as the stocks of 10 companies traded as 3 advanced, 4 declined and 3 traded firm.

Stocks trading with fair volumes were: One Caribbean Media 26,783 shares valued at $482,189, Angostura Holdings 22,758 shares for $205,999 as the stock shed 44 cents to close at $9.05. Williams LJ B contributed 7,926 shares with a value of $5,151.90, while National Commercial Bank Jamaica added 7,835 shares valued at $9,245.30. Only 200 shares valued at $4,306 was traded for Clico Investment Fund as the stock advanced by a cent to end at $21.53.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher or lower than their last selling price.

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