TTSE — Page 198

Guardian Media’s Q3 profit up 134%

November 18, 2015 by IC Insider.com

Guardian Media is one of two media stocks in T&T to have the greatest benefits from the General elections.

Guardian Media’s profit after tax for the 9 months ended September, increased 49 percent to $28.4 million, from $19 million in 2014.
For the quarter, profit after tax more than doubled to $18 million from $7.7 million in 2014, from revenues that climbed 35 percent, to $76 for the quarter and 13 percent for the nine months, to $173 million. Earnings per share, increased by 23 cents, from 48 cents to 71 cents, with the full 2014 year, being 85 cents.
“These results were from political advertising earned from the recently concluded general elections, and the strength of our brands, based on progressive investments in talent, content and technology. I am also pleased to report that during the quarter GML acquired 100% of the issued shares of iRadio Inc., a company that is registered and operates in the Republic of Guyana. This acquisition now expands our TBC radio network to 7 stations and is in alignment with the strategic objectives of our Company”, Grenfell Kissoon, Chairman of the company stated.
Cash generated from operations amounts to $51 million for the quarter and is up from $28 million in the similar period in 2014, the flows to date, exceed the $43 million generated during 2014.
The company is a part of the Trinidad based Ansa McAl, the shares listed on the Trinidad & Tobago Stock Exchange and last traded at $19.77 with a PE ratio of 18 times 2015 earnings.

Filed Under: Company News, Company Results Tagged With: Ansa Mcal, TTSE

Sale and profit down at Unilever

November 17, 2015 by IC Insider.com

Unilever products

Unilever continues to face challenges in the Caribbean market with decline in sales and profit for 2015. Despite the negative development investors keep on pushing the stock to new highs just about every time it trades.
For the third quarter revenues fell 3.5 percent to TT$139 million from $144 million last year, which is better than the 5 percent fall suffered in the second quarter. The company’s revenues have been recovering, from a 10 percent fall for the six months revenues are now off by 8 percent for the nine months, to reach $393 million, down from $427 million in 2014.
Profit fell from $13.9 million to $10.45 million for the third quarter and from $45 million for the 2014 nine months period to $29 million for 2015. Profit before taxation declined even more than the after tax profit with a fall from $19.2 million down to $13.9 million or 27.6 percent. Earnings per share amounts to 40 cents in the quarter and $1.10 for the nine months. In 2014 Unilever earned $2.52 per share.
Unilever spent 13.8 percent more on selling and distribution this contrast with a 3 percent increase for the nine months which all the increase coming in the third quarter moving the amounts spent to $93.3 million. Administrative cost fell $3 million in the last quarter to $5.8 million and is down nearly $5 million in the nine months to $21 million.
The company had blamed the first quarter results as being negatively affected by computer glitzes from the software change over late in 2014. With the release of second quarter results the company had stated that “Looking forward we expect the challenges of the regional economies to impact our growth prospects. In Trinidad and Tobago the uncertainty of the upcoming elections continues to affect the business environment. Regionally, recovery continues to be slow due to the depreciation of local currencies and shortage of US dollars across markets, which is cause for concern. While the recovery from the first half of the year remains a challenge, Unilever Caribbean is optimistic that the investment in our new IT systems and infrastructure will build the foundation for future growth. However, at this time the outlook for the rest of the year remains moderate” Pablo Garrido, Chairman of the company reported to shareholders.
The company’s stock traded on the Trinidad & Tobago Stock Exchange at $67.54.

Filed Under: Company News, Company Results Tagged With: TTSE, Unilever Caribbean

3 stocks rise on TTSE on Monday

November 16, 2015 by IC Insider.com

T&TNGL gained 25 cents to end at $21.75 on Monday

Trading picked up on the Trinidad and Tobago Stock Exchange on Monday and ended with 10 securities trading, of which 3 stocks closed higher, none declined and 7 remaining unchanged as 243,392 shares changed hands for a value of $$6,969,499.
At the close, the Composite Index ending with a gain of 0.75 points at 1,154.40 the All T&T Index rose 0.07 points to 1,951.86 and the Cross Listed Index gained 0.20 points to end at 46.89.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Gains| Ansa Merchant Bank closed with a gain of 1 cent, only 200 units traded to end at $38.96. Sagicor Financial Corporation gained 23 cents to end at $6, with 100,853 shares changing hands, valued at $604,932 and Trinidad and Tobago NGL closed with a gain of 25 cents at $21.75 with 23,334 shares changing hands for a value of $502,043.

Firm Trades| Clico Investment Fund closed with 40,580 shares changing hands at $22.53 for a value of $914,289. First Citizens Bank traded 1,809 shares to close at $35, Guardian Holdings with 1,600 shares changing hands, closed at $12.90. Scotiabank closed with 66,828 shares valued at $4,176,750 changing hands at $62.50, West Indian Tobacco closed with 3,252 units trading at $126.04, Trinidad Cement ended at a $4.01 with 1,000 shares changing hands and Unilever Caribbean ended with 3,936 shares valued at $265,837 trading to end at $67.54.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, clico, Daily Trading, First Citizens, Guardian Holdings, Sagicor, Scotia, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE, West Indian Tobacco

6 stocks rise 3 down on TTSE

November 12, 2015 by IC Insider.com

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Witco closed at a 52 week high on Thursday

Trading picked up on the Trinidad and Tobago Stock Exchange on Thursday, ending with 17 securities trading, of which 6 stocks closed higher, 3 declining and 8 remaining unchanged, as 1,097,446 shares changed hands for a value of $6,173,643.
At the close, the Composite Index ending with a gain of 3.41 points at 1,152.45, the All T&T Index rose 1.14 points to 1,951.74 and the Cross Listed Index rose 0.78 to 46.37 points.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 9 cents with 20,539 shares changing hands with a value of $264,903 and closed at $12.90, JMMB Group with 89,500 units changing hands and ended 3 cents higher at 53 cents. National Commercial Bank gained 9 cents while trading 2,584 shares at $1.76. Sagicor Financial Corporation closed with 16,500 shares changing hands at $5.78 with a gain of 3 cents. Trinidad Cement rose 13 cents to end at a 52 weeks’ closing high, of $4.02 with 872,000 shares changing hands, valued at $3,483,941 and West Indian Tobacco traded with a gain of 1 cent to end at $126.04 with 504 shares trading at a 52 weeks’ high.
Declines| ANSA McAL contributed 760 shares in trading, to close at $67.01, after falling 2 cents, Clico Investment Fund fell 1 cent with 53,440 shares changing hands valued at $1,204,279 and closed at $22.53 and Trinidad and Tobago NGL closed with a 1 cent decline to $21.49 with 35,227 shares changing hands for a value of $757,036.

Firm Trades|First Citizens Bank traded 440 shares and closed at $35, FirstCaribbean International Bank traded 1,108 shares and closed at $5, Grace Kennedy traded 312 units at $3.60, National Enterprises with 91 shares changing hands at $16.50. One Caribbean Media traded 450 shares at $22, Scotia Investments closed with 1,500 shares changing hands at $1.65, Scotiabank closed with 410 shares changing hands at $62.50 and Unilever Caribbean ended with 2,081 shares trading at $67.54.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, clico, Daily Trading, First Citizens, Firstcaribbean International Bank, Grace Kennedy, JMMB, National Enterprises, NCB, One Caribbean Media, Sagicor, Scotia, Scotia Investments, Trinidad and Tobago NGL, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

6 stocks rise on TTSE none fell

November 11, 2015 by IC Insider.com

New high for TCL on Wednesday with a $3.90 close

Trading picked up on the Trinidad and Tobago Stock Exchange on Wednesday, after closing for the public holiday on Tuesday and ended with 16 securities trading of which 5 stock closing higher, only 1 declining and 4 remaining unchanged as 140,102 shares changing hands for a value of $3,257,508.
At the close, the Composite Index ending with a gain of 0.27 points at 1,149.04 the All T&T Index rose 0.54 points to 1,950.60 and the Cross Listed Index remained at 45.59.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Gains| Clico Investment Fund gained 1 cent and closed with 918 shares changing hands at $22.54, National Flour Mills gained 1 cent in trading 800 shares at $1.99, Point Lisas ended with just 100 units changing hands at $3.95, to record a gain of 5 cents. Trinidad Cement ended at a 52 weeks’ closing high of $3.90 with 7,545 shares changing hands as price rose by of 9 cents, Unilever Caribbean ended with 436 shares trading with a gain of 13 cents up, for a new 52 weeks’ high of $67.54 and West Indian Tobacco traded with a gain of 1 cent to end at $126.03 with 405 shares trading at a 52 weeks’ high.
The rise of the price for Unilever comes against the back ground of continuing decline in sales and profit, for the year to date and the third quarter, with revenues of $139 million in the quarter versus $144 last year and for the nine months, $393 million down from $427 million. Profit fell from $13.9 million to $10.45 million for the third quarter and from $45 million for the 2014 nine months period, to $29 million for 2015.

Firm Trades| Agostini’s traded 900 shares at $18.19, Ansa Merchant Bank traded 134 shares at $38.95, First Citizens Bank traded 5,995 shares and closed at $35, Grace Kennedy traded 10,071 units at $3.60, Guardian Holdings with 2,715 shares changing hands and closed at $12.82. JMMB Group with 10,000 units changing hands ended at 50 cents, Massy Holdings had 261 units changing hands at $62, One Caribbean Media traded 50 shares at $22, Scotiabank closed with 15,992 shares valued at $999,499 changing hands at $62.50 and Trinidad and Tobago NGL closed at $21.50 with 83,720 shares changing hands for a value of $1,799,614.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Ansa Merchant Bank, clico, Daily Trading, First Citizens, JMMB, Massy Holdings, One Caribbean Media, Scotia, Trading Activity, Trinidad Cement, TTSE, West Indian Tobacco

5 stocks closed higher on TTSE

November 9, 2015 by IC Insider.com

JMMB Group Shares rose on TTSE to 50c.

Trading remained subdued on the Trinidad and Tobago Stock Exchange on Monday, ending with 10 securities trading. The market closed with 5 stock closing higher, only 1 declining and 4 remaining unchanged as 296,811 shares changing hands for a value of $3,850,824.
At the close, the Composite Index ending with a gain of 0.55 points at 1,148.77 the All T&T Index rose 0.09 points to 1,950.06 and the Cross Listed Index added 0.13 at 45.59.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Clico Investment Fund closed with a gain of 1 cent, a total of 1,825 shares changed hands, to end at $22.53, JMMB Group with 200,000 units changing hands ended at 50 cents to record a gain of 3 cents, National Flour Mills gained 1 cent in trading 500 shares at $1.98.

Trinidad Cement ended at a 52 weeks’ closing high $3.81 with 5,000 shares changing hands with a rise of 1 cent and West Indian Tobacco traded with a gain of 1 cent to end at $126.02 with 404 shares trading at a 52 weeks’ high.
Declines| Republic Bank traded 5,840 shares valued at $654,023 to close at $112, with a fall of 1 cent.
Firm Trades| Angostura Holdings traded at $14 with 500 shares, First Citizens Bank traded 4,837 shares and closed at $35, Scotiabank closed with 27,646 shares for a value of $1,727,875 changing hands at $62.50 and Trinidad and Tobago NGL closed at $21.50 with 50,259 shares being traded for $1,080,569 trading.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, clico, First Citizens, JMMB, JMMB Group, National Flour Mills, Republic Bank, Scotia, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE, West Indian Tobacco

Flat profit for Republic Bank

November 9, 2015 by IC Insider.com

Republic Bank reported profit attributable to shareholders of TT$1.22 billion for the year ended September 2015, representing an increase of $30 million or 2.5 percent over that reported for 2014.
For the last quarter, Republic shareholders enjoyed net profit of $326 million versus $324 million in the 2014 quarter, from net operating income of $1.06 billion up from $950 million in 2014.Earnings per share for 2015 is $7.59 and for 2014 $7.42 and diluted earnings per share of $7.57 versus $7.39 in 2014 while return on average assets ended at 1.97 percent, down from 2.10 percent in 2014. Return on average equity for 2015 is 14.09 percent compared to 14.33 percent in 2014.
“Growth was driven by a 10.6 percent increase of $235 million in net interest income, arising from a $5.9 billion or 21.8 percent growth in the loan portfolio and the recovery of $123 million after tax on a non-performing facility. This was offset by an increase in operating expenses of $212 million and impairment expenses of $109 million,” Ronald deC. Harford, Chairman of the group stated.
Harford continuing, indicated the “increase in operating expenses is attributable mainly to the consolidation of HFC Bank (Ghana) and Republic Bank (Suriname) which amounted to $89 million. Impairment expenses of $52 million (net of minority interest) was recorded by HFC to bring its loan provisions in line with Group policy and $57 million was booked by Republic Bank (Cayman) relating to loans and goodwill impairment”.
Total Group assets increased by $6.6 billion or 11.2 percent over the prior period to $66 billion at September 2015 which was aided by two acquisitions during the year by increasing their holding in HFC to 57.11 percent and in July and 100 percent shareholding in RBC Royal Bank (Suriname) N.V. These two purchases added $5.5 billion to the total assets.
A final dividend of $3.10 for the year ended September 2015 (2014: $3.00) will be paid on December 1, bringing the total dividend for the fiscal year to $4.35, a slight increase over the $4.25 paid in 2014.
Republic Bank is headquartered in Trinidad and is listed on the country’s stocks exchange and last traded at $112.

Filed Under: Company News, Company Results Tagged With: RBC Royal Bank, RBC Royal Bank (Suriname) N.V., Republic Bank, TTSE

2 stocks up 2 down on TTSE

November 6, 2015 by IC Insider.com

TCL closed up on Friday at $3.80.

Trading remained subdued on the Trinidad and Tobago Stock Exchange on Friday, ending with 8 securities trading. The market closed with 2 stock closing higher, 2 declining and 4 remaining unchanged as 400,810 shares changing hands for a value of $6,172,165.
At the close the Composite Index ending with a loss of 0.42 points at 1,148.22 the All T&T Index declined 0.83 points to 1,949.97 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Prestige Holdings with 17,000 units changing hands ended at $9.92 to record a gain of 2 cents and Trinidad Cement closed at $3.80 with 2,400 shares changing hands with a rise of 5 cents.

Declines| First Citizens Bank traded 2,140 shares and closed with a loss of 1 cent at $35 and Trinidad and Tobago NGL closed at $21.50 with 111,076 units valued at $2,387,860 trading after falling 50 cents, but had an offer at $21.50 to sell 1,058 units and a bid to buy 1,000 units at $21.
Firm Trades| Clico Investment Fund closed with 20,616 shares valued at $464,272, changing hands, to end at $22.52, Republic Bank traded 1,050 shares to close at $112, Scotiabank closed with 42,472 shares with a value of $2,654,500 changing hands, unchanged at $62.50 and Scotia Investments closed with 205,298 shares for a value of $338,742 changing hands at $1.65.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Guardian Holdings, Prestige Holdings, Republic Bank, Scotia, Scotia Investments, Trinidad and Tobago NGL, Trinidad Cement, TTSE

TTSE closes slightly lower

November 5, 2015 by IC Insider.com

Trading remained subdued on the Trinidad and Tobago Stock Exchange on Thursday and ended with 8 securities trading. The market closed with 2 stock closing higher, 1 declining and 5 remaining unchanged as 147,366 shares changing hands for a value of $2,670,288.
At the close the Composite Index ending with a loss of 0.23 points at 1,148.64 the All T&T Index declined 0.46 points to 1,950.80 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Gains| Guardian Holdings closed with 10,910 shares changing hands, for 10 cents higher at $12.90 and Trinidad and Tobago NGL closed at $22 with only 107 units trading after rising by 1 cent but had an offer at $21.99 to sell 7,350 units.
Declines| Massy Holdings with a volume of 2,610 shares 39 cents in closing at $62.
Firm Trades| Angostura Holdings with 28,679 shares valued at $401,506 changing hands, closed at $14, Clico Investment Fund closed with 81,144 shares valued at $1,827,380, changing hands, to end at $22.52, First Citizens Bank traded 2,140 shares and closed at $35.01, National Enterprises traded 1,490 shares to close at $16.50 and National Flour Mills with 20,506 shares changing hands closed at $1.97.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, clico, Daily Trading, First Citizens, Guardian Holdings, Massy Holdings, National Enterprises, National Flour Mills, Sagicor, Trinidad Cement, TTSE

TCL closes at another high on TTSE

November 3, 2015 by IC Insider.com

Trading picked up on the Trinidad and Tobago Stock Exchange on Tuesday and ended with 16 securities trading with IC BUY RATED Trinidad Cement jumping to a high for the day at $3.91but closing lower but at a new closing 52 weeks high. Investors are reacting positively to the company’s most recent results showing a big increase in profits. (See story on IC Insider.com). The market ended with 5 stocks closing higher, 2 declining and 9 remaining unchanged as 96,815 shares changing hands for a value of $2,116,596. Two stocks closed at new 52 weeks’ high.
At the close the Composite Index ending with a gain of 0.96 points at 1,150.03 the All T&T Index advanced by 1.90 points to 1,953.56 and the Cross Listed Index rose 0.04 points to 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| First Citizens Bank traded 2,787 shares and closed at $35.01, having gained 1 cent, Clico Investment Fund gained 1 cent and closed with 1,000 shares, changing hands, to end at $22.52, Guardian Holdings closed with 1,530 shares changing hands, at $12.80, to gain 1 cent. Praetorian Property Mutual Fund traded 2,000 shares and advanced by 1 cent to end at $3.07 and Trinidad Cement closed 15 cents higher at a new closing 52 weeks’ high of $3.75, after trading as high as $3.91 with 37,102 shares changing hands.
Declines| Massy Holdings fell 1 cent in trading to close at $62.39 with 350 units and Republic Bank traded 5,839 shares and lost 1 cent to close at $119.99 to a new 52 weeks’ low.
Firm Trades| Agostini’s closed at $18.19 with 19,000 shares being traded for $345,610, Angostura Holdings ended with 1,851 shares changing hands and closed at $14. FirstCaribbean International Bank traded 985 shares and ended at $5, Guardian Holdings closed with 1,530 shares changing hands at $12.80. National Flour Mills with 4,100 shares changing hands closed at $1.97, National Enterprises with 590 shares changing hands, closed at $16.50, One Caribbean Media traded 3,600 shares at $22, Point Lisas traded 1,500 shares to close at $3.90 and Scotiabank closed with 9,776 shares changing hands ended at $62.50.