TTSE — Page 145

FCIB 2nd Caribbean bank to abort US listing

April 20, 2018 by IC Insider.com

FirstCaribbean aborts IPO for NYSE listing.

Firstcaribbean International Bank (FCI) announced that they have withdrawn their planned initial public offering ahead of its plan to list on the New York Stock Exchange.
The Trinidad and Tobago Stock Exchange advised today, that they received notice from FCI advising of the withdrawal of the US registered public offering and listing of its shares on the NYSE in view of market conditions at this juncture. FCI had filed a registration statement in December 2017 relating to this public offering and proposed listing on the NYSE under the symbol “FCI”.
The company is the second Caribbean based banking group to have moved forward with plans to list on that stock exchange. The first was NCB Group in 2013, incurring a $680 million hit from the costs relating to aborted Initial Public Offering (IPO) in the 2013 fiscal year to September, according to the company’s audited financial statements.
The banking group was attempting to raise fresh capital in the international market, during the turbulent period ahead of the country reaching an agreement with the International Monetary Fund (IMF). The amount involved was written off against income thus helping to depress profits for the year.

NCB lost $700M in its aborted NYSE IPO plans in 2013.

Since then NCB has gone on to report record profits in 2017 with a 28 percent increase in the first quarter to December last year. At the same time FCIB that struggled for several years as it was battered by Caribbean countries in deep recession only saw a rebound in fortunes in recent years.
In 2013, the FCIB group adjusted profit was just US$35 million rising to $83 million in 2014 and onto $123 million the following year then $143 million in 2016 and $151 million last year, but revenues have just barely grown as loans have stagnated with US$6.36 billion in 2017 from US$6.3 billion in 2013.

Profit up at West Indian Tobacco

April 20, 2018 by IC Insider.com

Profit before corporate taxes rose 6.8 percent to $105.8 million, for the three months ended March 2018, over the corresponding period in 2017 for Trinidad and Tobago’s West Indian Tobacco company.
Profit for the quarter, after tax ended at $72.5 million, an increase of 7.6 percent over 2017. The improvement flowed from slightly lower cost of sales, amounting to $46.4 million versus $46.5 million in 2017, pushing gross profit to $141.45 million over the $124.65 generated for the similar period in 2017. Distribution costs rose to $6.3 million from $5.14 million while Administrative expenses rose to $15.65 million from $14.9 million in 2017 but other operating expenses rose sharply to $14 million from $5.7 million in 2017.
Cash flow of $144 million was generated and after paying taxes of $42 million, net cash from operating activities amounted to $102 million.
The Board approved the payment of a first interim dividend of 82 cents per share to be paid on 21 May 2018, an increase over 76 cents paid in the similar period in 2017.
At the end of the quarter, Current assets amounted to $426 million and included Cash and cash equivalents of $333 million, while Current liabilities was $117 million and Shareholders’ equity was $450 million. In 2017 the company suffered a sharp fall in revenues and profit resulting from increased taxation and lower revenues. Profit for the year ending December 2017 amounted to $380 million down 26 percent from $515 million as revenues dived from $1.24 billion in 2016 to $1.09 billion in 2017.

The stock closed on the Trinidad & Tobago Stock Exchange at $88.55 on Friday.

Filed Under: Company News, Company Results Tagged With: Emerging markets, Trading Activity, TTSE, West Indian Tobacco

2 gains 2 losses on TTSE – Friday

April 20, 2018 by IC Insider.com

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 13 securities against 14 on Thursday, with 2 advancing, 2 declining and 9 remaining unchanged.
Trading ended with 305,552 shares at a value of $8,200,326 compared to 329,306 shares at a value of $2,890,817 on Thursday.
At close of the market the, Composite Index shed 0.98 points on Friday to 1,229.27, the All T&T Index rose 0.37 points to 1,693.50, while the Cross Listed Index fell 0.32 points to close at 102.98.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with bids higher than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| National Flour rose 9 cents and ended at $1.75, after exchanging 3,476 shares and West Indian Tobacco closed with a gain of 4 cents and settled at $88.55, with 49,215 stock units changing hands.
Losses| Grace Kennedy ended trading 4 cents lower to $3.10, with 45,861 units and NCB Financial Group concluded trading with a loss of 1 cent and at $5.49, after exchanging 22,700 shares.
Firm Traded| First Caribbean International Bank ended trading at $8.90, after exchanging 2,183 shares, First Citizens completed trading at $32.55, with 317 shares, JMMB Group settled at $1.90, with 625 stock units changing hands, Massy Holdings closed at $47.40, with 50,399 units changing hands, Republic Financial Holdings settled at $101.58, with 10 shares trading, Sagicor Financial closed at $7.80, with an exchange of 123,978 units, Scotiabank ended at $62.51 trading 1,434 shares, Trinidad & Tobago NGL concluded at $27.50, with 2,954 units and Trinidad Cement ended at $2.60, after exchanging 2,400 units.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Flour, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Witco jumps $3.51 on TTSE – Thursday

April 19, 2018 by IC Insider.com

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West Indian Tobacco recovers $3.51 it lost on Wednesday.

West Indian Tobacco recovered the $3.51 drop on Wednesday to end at $88.51 and was the main reason for the rise in the Trinidad & Tobago Stock Exchange index on Thursday.
Market activity ended on Thursday with trading in 14 securities against 10 on Thursday, with 2 advancing, 4 declining and 8 remaining unchanged.
Trading ended with 329,306 shares at a value of $2,890,817 compared to 351,112 shares at a value of $12,063,114 on Wednesday.
At close of the market the, Composite Index shed 0.75 points on Wednesday to 1,230.25, the All T&T Index gained 5.61 points to end at 1,693.13, while the Cross Listed Index fell 1.00 points to close at 103.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with bids higher than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Sagicor Financial closed with a gain of 10 cents and concluded trading at $7.80, with 105,000 units and West Indian Tobacco jumped $3.51 and settled at $88.51, with 200 stock units changing hands.
Losses| Grace Kennedy shed 1 cent to end at $3.14, with 1,000 units, Massy Holdings lost 4 cents and settled at $47.40, with 547 stock units changing hands, National Enterprises ended trading 10 cents lower at $9.65, with 10 units and NCB Financial Group concluded trading with a loss of 15 cents at $5.50, after exchanging 106,242 shares.
Firm Traded| Angostura Holdings settled at $15.72, with 220 stock units changing hands, Clico Investments concluded trading at $20.16, with 46,425 units, First Caribbean International Bank ended at $8.90, after exchanging 100 shares, First Citizens completed trading at $32.55, in exchanging 3,231 shares, JMMB Group settled at $1.90, with 52,665 stock units changing hands, Scotiabank ended at $62.51, after exchanging 100 shares, Trinidad & Tobago NGL concluded at $27.50, with 10,167 units and Trinidad Cement ended at $2.60, after trading 3,399 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Point Lisas, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Witco heads falling TTSE prices – Wednesday

April 18, 2018 by IC Insider.com

West Indian Tobacco stock price dropped $3.51 to end at $85 and was the main reason for a big dip in the Trinidad & Tobago Stock Exchange index on Wednesday.
Declining stocks had the upper hand over advancing ones five to one as the market index sank further for the week to date. The number of securities traded dropped to 10 against 17 on Tuesday as the market closed with just 1 stock advancing, 4 declining and 5 remaining unchanged. Trading ended with 351,112 shares at a value of $12,063,114 compared to 96,389 shares at a value of $1,565,623 on Friday.
At close of the market the, Composite Index shed 5 points on Wednesday to 1,231.00, the All T&T Index dropped 9.87 points to 1,687.52, while the Cross Listed Index remained unchanged to close at 104.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with bids higher than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| Trinidad & Tobago NGL settled with a gain of 2 cents at $27.50, after exchanging 13,275 shares.
Losses| Guardian Holdings closed with a loss of 30 cents and completed trading at $15, after exchanging 59,627 shares, Scotiabank lost 14 cents in closing at $62.51 with 148,531 units changing hands, Trinidad Cement lost 27 cents and ended trading at $2.60, with 1,600 stock units changing hands West Indian Tobacco concluded trading with a loss of $3.51 to close at $85, after exchanging a mere 150 shares.
Firm Traded| Clico Investments traded 12,785 units at $20.16, First Caribbean International Bank completed trading at $8.90, after exchanging 33,030 shares, First Citizens settled at $32.55, after exchanging 1,850 shares, Republic Financial Holdings concluded market activity at $101.58, with 2,197 stock units changing hands and Sagicor Financial ended trading 10 cents lower and $7.70, trading 74,685 units.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Falling prices dominate TTSE – Tuesday

April 17, 2018 by IC Insider.com

Bearishness sentiments continued on the Trinidad & Tobago Stock Exchange on Tuesday, as declining stocks over powered advancing ones by a ratio of more than two to one, while 2 stocks closed at 52 weeks’ lows.
On Tuesday, the number of securities traded rose to 17 against 15 on Monday as the market closed with just 3 stocks advancing, 7 declining and 7 remaining unchanged. Trading ended with 96,389 shares at a value of $1,565,623 compared to 393,337 shares at a value of $2,153,910 on Friday.
At close of the market the, Composite Index shed 8.30 points on Tuesday to 1,236, the All T&T Index rose 0.45 points to 1,697.39, while the Cross Listed Index declined 2.37 points to close at 104.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with bids higher than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.

Ansa Mcal ended at a 52 weeks’ low of $59.90.

Gains| Massy Holdings added 4 cents and concluded trading at $47.44, with 2,014 stock units changing hands, National Enterprises increased 10 cents and ended at $9.75, with 2,688 units and Trinidad Cement rose 36 cents and ended trading at $2.87, with 3,000 stock units changing hands.
Losses|Ansa McAl traded with a loss of 5 cents and ended at a 52 weeks’ low of $59.90, with 50 units, First Caribbean International Bank fell 10 cents and completed trading at $8.90, after exchanging 120 shares, Guardian Holdings closed with a loss of 35 cents and completed trading at $15.30, after exchanging 1,000 shares, NCB Financial Group shed 15 cents and settled at $5.65, after trading 14,400 shares, Republic Financial Holdings lost 7 cents and concluded market activity at $101.58, with 6,543 stock units changing hands, Sagicor Financial ended trading 10 cents lower and closed at 52 weeks’ low of $7.70, with 4,000 units and West Indian Tobacco concluded trading with a loss of 4 cents at $88.51, after exchanging 55 shares.
Firm Traded| Angostura Holdings closed at $15.72, with 4,596 stock units changing hands, Clico Investments ended trading 844 units at $20.16, First Citizens settled at $32.55, after exchanging 3,004 shares, Grace Kennedy ended at $3.15, with 3,300 units, JMMB Group ended at $1.90, with 36,500 stock units changing hands, National Flour completed trading at $1.66, after exchanging 1,000 shares and Trinidad & Tobago NGL settled at $27.48, after exchanging 13,275 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Trading picks up on TTSE – Monday

April 16, 2018 by IC Insider.com

Trinidad & Tobago Stock Exchange Head Quarters

Bearishness sentiments continue to dominate trading on the Trinidad & Tobago Stock Exchange with decline in all three indices on Monday, but with increased trading volume and value.
On Monday, the number of securities traded rose to 15 against 12 on Friday as the market closed with 4 stocks advancing, 3 declining and 8 remaining unchanged. Trading ended with 393,337 shares at a value of $2,153,910 compared to 159,389 shares at a value of $998,772 on Friday.
At close of the market the, Composite Index declined 1.14 points on Monday to 1,244.30, the All T&T Index lost 0.26 points to 1,696.94, while the Cross Listed Index shed 0.28 points to close at 106.67.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 7 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments closed with an increase of 1 cent and ended at $20.16, with 2,290 units trading, First Citizens finished 3 cents higher and completed trading at $32.55, after exchanging 2,237 shares, Massy Holdings concluded trading and rose 40 cents and settled at $47.40, with 1,062 stock units changing hands and Trinidad & Tobago NGL added 3 cents and completed trading at $27.48, after exchanging 2,425 shares.
Losses| National Enterprises shares fell 10 cents and ended at $9.65, with 835 units, NCB Financial Group closed with a loss of 14 cents and completed trading at $5.80, after exchanging 75,400 shares and Scotiabank shed 5 cents and ended at $62.65, trading 1,900 shares.
Firm Traded| Angostura Holdings closed at $15.72, with 12,000 stock units changing hands, First Caribbean International Bank ended at $9, after exchanging 100 shares, Grace Kennedy concluded market activities at $3.15, with 270,678 units traded, JMMB Group settled at $1.90, with 2,262 stock units changing hands, Point Lisas concluded trading at $3.81, with 660 units, Republic Financial Holdings settled at $101.65, with 488 stock units changing hands, Sagicor Financial ended trading at $7.80, with 20,000 units and West Indian Tobacco ended at $88.55, with 1,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, NCB Financial Group, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

Bears have upper hand on TTSE

April 13, 2018 by IC Insider.com

The bearishness continues on the Trinidad & Tobago Stock Exchange with decline in all three indices on Friday, with closing as indicators continue to point to more losses ahead.
On Friday, the number of securities traded slipped to 12 against 13 on Thursday as the market closed with 3 stocks advancing, 5 declining and 4 remaining unchanged. Trading ended with 159,389 shares at a value of $998,772 compared to 284,392 shares valued $2,181,738 on Thursday.
At close of the market the, Composite Index declined 0.89 points on Friday to 1,245.44, the All T&T Index lost 0.26 points to 1,697.20, while the Cross Listed Index shed 0.21 points to close at 106.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| JMMB Group concluded trading 4 cents higher and ended trading at $1.90, with 3,000 stock units changing hands, LJ Williams B share added 1 cent and ended at 71 cents, after exchanging 1,000 shares and Trinidad & Tobago NGL increased 10 cents to end at $27.45, after exchanging 3,035 shares.
Losses| First Citizens fell 3 cents and ended at $32.52, after exchanging 1,298 shares, Guardian Holdings closed with a loss of 20 cents at $15.65, after 3,922 shares changing hands, NCB Financial Group shed 5 cents and ended at $5.94, trading 30,158 shares, One Caribbean Media lost 1 cent and completed trading at a 52 weeks low of $12.43, with 5,000 stock units changing hands and Sagicor Financial ended trading 5 cents lower and settled at $7.80, with 3,000 units.
Firm Traded| First Caribbean International Bank finished trading at $9, after exchanging 100 shares, Grace Kennedy settled at $3.15, with 106,000 units, Prestige Holdings concluded market activity at $10.01, after exchanging 949 shares and Republic Financial Holdings completed trading at $101.65, with 1,927 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Guardian Holdings, JMMB Group, LJ Williams, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

More slippage for TTSE

April 12, 2018 by IC Insider.com

The Trinidad & Tobago Stock Exchange continues to be bearish with no support coming from the majority of companies reporting lower profits. The market ended on Thursday with all indices declining, with indicators pointing to more losses ahead.
On Thursday, the number of securities traded rose 38 percent to 18 against 13 on Wednesday and the market closed with 5 stocks advancing, 5 declining and 8 remaining unchanged. Trading ended with 284,392 shares at a value of $2,181,738, compared to 404,907 shares on Wednesday valued at $2,835,805.
At close of the market the, Composite Index declined 8.75 points on Thursday to 1,246.33, the All T&T Index lost 0.42 points to 1,697.46, while the Cross Listed Index shed 2.37 points to close at 107.16.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| First Citizens gained 4 cents and concluded at $32.55, after trading 1,561 shares, Sagicor Financial finished trading with 5 cents and completed trading at $7.85, with 43,317 units, Scotiabank closed with an increase of 5 cents and settled at $62.70, after exchanging 500 shares, Trinidad & Tobago NGL ended trading with 5 cents and concluded at $27.35, after 902 shares changed hands and Trinidad Cement closed with a rise of 1 cent and ended at $2.51, with 10,000 stock units changing hands..
Losses| Clico Investments concluded trading with a loss of 5 cents and completed trading at $20.15, with 30,691 units, First Caribbean International Bank traded with a loss of 35 cents at $9, after trading 10,000 shares, Guardian Holdings shares fell 15 cents and settled at $15.85, with 2,000 shares changing hands, National Flour closed with a loss of 4 cents at a 52 weeks’ low of $1.66, having exchanged 13,000 shares and NCB Financial Group shed 11 cents and concluded at $5.99, exchanging 74,674 shares.

National Flour fell to a new 52 weeks’ low.

Firm Traded| Agostini’s concluded trading at $21.06, after exchanging 396 shares, Angostura Holdings ended at $15.72, with 600 stock units changing hands, Grace Kennedy completed trading at $3.15, with 79,013 units, JMMB Group ended at $1.86, with 136 stock units changing hands, National Enterprises completed trading at $9.75, with 1,536 units. One Caribbean Media ended at $12.44, with 13,665 stock units changing hands, Point Lisas completed trading at $3.81, with 2,000 units and Republic Financial Holdings ended at $101.65, as 401 stock units changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, JMMB Group, Massy Holdings, National Enterprises, National Flour Mills, NCB Financial Group, One Caribbean Media, Point Lisas, Republic Financial Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Trinidad Cement at 52 weeks’ low – Wednesday

April 11, 2018 by IC Insider.com

TCL trades at 52 weeks’ low on TTSE.

In trading on the Trinidad & Tobago Stock Exchange on Wednesday with Trinidad Cement closing at 53 weeks’ low of $2.50 as investors lose faith in the profitability of the company but the stock closing with a bid for a small amount to buy at $2.50.
At the close 13 securities changed hands with 1 stocks advancing, 6 declining and 6 remaining unchanged compared to 16 trading on Tuesday
Trading volume remained low, with 404,907 shares valued at $2,835,805 changing hands, compared to 195,484 shares valued at $1,671,458 on Tuesday
At close, the Composite Index lost 2.16 points on Wednesday to 1,255.08, the All T&T Index declined 1.77 points to 1,697.88, while the Cross Listed Index fell 0.35 points to close at 109.53.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 2 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments price increased 4 cents, concluding trading at $20.20, with 6,286 units.
Losses| First Citizens’ shares fell 19 cents and completed trading at $32.51, after exchanging 1,788 shares, NCB Financial Group closed with a loss of 5 cents and completed trading at $6.10, after trading 300,000 shares, Republic Financial Holdings shed 4 cents and settled at $101.65, with 806 stock units changing hands, Scotiabank lost 1 cent and ended at $62.65, after exchanging 925 shares, Trinidad & Tobago NGL ended trading 20 cents lower at $27.30, after exchanging 15,330 shares and Trinidad Cement concluded trading with a loss of 10 cents and settled at 53 weeks’ low of $2.50, with 2,314 stock units changing hands.
Firm Trades| Grace Kennedy concluded market activity at $3.15, with 33,000 units, JMMB Group settled at $1.86, with 39,100 stock units changing hands, Massy Holdings closed at $47, with 842 stock units trading, One Caribbean Media settled at $12.44, with 1,017 stock units changing hands, Prestige Holdings ended at $10.01, after exchanging 144 shares and Sagicor Financial concluded trading at $7.80, as 3,355 units changed hands.
Prices of securities trading for the day are those at which the last trade took place.