SagicorFinancial jumps to new 52 weeks’ high again

Sagicor Cayman

Sagicor Financial having jumped $1.05 to close at a at a 52 weeks’ high on the Trinidad & Tobago Stock Exchange on Wednesday it followed up on Thursday by climbing a further $1.20 to a new 52 weeks’ high of $9.25 but with limited trading volume.
NCB Financial was another stock to close at a 52 weeks’ high and ended trading at $7.10 or the equivalent of J$136, well below the close of $160 in Kingston.
At close of the market the Composite Index climbed 8.87 points to 1,255.27. The All T&T Index rose 5.04 points to 1,691.62, while the Cross Listed Index gained 1.75 points to close at 110.39.
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 20 securities against 13 on Wednesday, with 9 advancing, 1 declining and 10 remaining unchanged.
Trading ended with 971,081 shares at a value of $36,439,815, compared to 668,606 shares on Wednesday valued at $17,580,480.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gainsAngostura Holdings concluded trading and rose 1 cent and ended at $15.80, with 168,000 stock units changing hands, Clico Investments added 20 cents and ended at $20.20, with 2,452 stock units trading, LJ Williams B share increased 5 cents and settled at 75 cents, after exchanging 230,000 shares, Massy Holdings gained $1 with an exchange 31,185 shares at $45, National Enterprises rose 45 cents and ended at $7.95, with 2,889 stock units changing hands, NCB Financial Group closed with a gain of 10 cents and settled at a 52 weeks’ high of $7.10, after exchanging 1,000 shares, Prestige Holdings gained 15 cents and completed trading at $7.50, with 1,345 units, Sagicor Financial rose $1.2o to end at 52 weeks’ high of $9.25, with 2,222 stock units changing hands and Trinidad & Tobago NGL finished trading with a gain of 1 cent at $29.12, after exchanging 125,510 shares.
Stocks closing with losses| Scotiabank was the sole stock closing lower at the end of trading as the price fell 8 cents and completed trading 91,940 units at $64.66.
Stocks trading firm|Ansa Mcal completed trading with 77,000 units at $55, Ansa Merchant Bank settled at $38.26, after exchanging 38,784 shares, First Citizens closed at $32.76, in exchanging 21,045 shares, Guardian Holdings completed trading 8,773 units at $18.01, JMMB Group concluded trading at $1.70, after exchanging 3,000 shares, One Caribbean Media ended at $10.99, with 1,025 shares changing hands, Republic Financial Holdings concluded trading at $107, after exchanging 80,885 shares, Trinidad Cement closed at $2.62, trading 7,766 shares, Unilever Caribbean ended at $23, with 10 stock units changing hands and West Indian Tobacco completed trading 76,250 units at $95.

 Prices of securities trading for the day are those at which the last trade took place.

Sagicor jumps to 52 weeks’ high on TTSE

Sagicor Financial trades at new 52 weeks’ high.


Sagicor Financial jumped $1.05 to close at a at a 52 weeks’ high in market activity on the Trinidad & Tobago Stock Exchange on Wednesday following news of a proposed acquisition of shares in the group.
Trading ended with 13 securities changing hands against 14 on Tuesday, with 6 advancing, 5 declining and 2 closed unchanged as 2 losing stocks ending at 52 weeks’ lows.
At close of the market the Composite Index gained 2.47 points to 1,246.40. The All T&T Index fell 1.65 points to 1,686.58, while the Cross Listed Index rose 0.92 points to close at 108.64
Trading ended with, 669,963 shares at a value of $17,580,480 compared to 643,204 shares at a value of $9,643,583.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gainsFirst Citizens rose 1 cent and settled at $32.76, after exchanging 90,072 shares, Guardian Holdings closed with a gain of 1 cent at $18.01, with an exchange of 32,132 units, Sagicor Financial gained $1.05 and ended at a 52 weeks’ high of $8.05, with 300 stock units changing hands, Scotiabank gained 49 cents and completed trading 33,855 units at $64.74, Trinidad Cement finished trading with rise of 7 cents at $2.62, after exchanging 1,482 shares and West Indian Tobacco closed with an increase of 50 cents and completed trading of 3,354 units at $95.
Stocks closing with losses| Clico Investments fell 20 cents and ended at $20, with 408,434 stock units changing hands, Massy Holdings fell $1.55 and closed with a 52 weeks’ low of $44, after exchanging 4,765 shares, One Caribbean Media shed 1 cent and concluded trading at a 52 weeks’ low of $10.99, after exchanging 100 shares, Republic Financial Holdings lost 27 cents to end at $107, after exchanging 5,343 shares and Trinidad & Tobago NGL lost 19 cents and settled at $29.11, after exchanging 85,369 shares.
Stocks trading with no price change| JMMB Group concluded trading at $1.70, after exchanging 2,000 shares and National Flour completed trading 1,400 units at $1.68.

Prices of securities trading for the day are those at which the last trade took place.

TTSE remains steady – Tuesday

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 14 securities against 18 on Monday, with 2 advancing, 3 declining and 9 remaining unchanged.
At close of the market the Composite Index declined by 1.26 points to 1,243.93. The All T&T Index rose 0.84 points to 1,688.23, while the Cross Listed Index shed 0.23 points to close at 107.72.
Trading ended with, 643,204 shares at a value of $9,643,583 compared to 381,532 shares at a value of $3,382,468.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 1 with a lower offer.
Stocks closing with gainsAngostura Holdings closed with a gain of 4 cents at $15.79, with 66,494 shares changing hands and Clico Investments gained 5 cents to end at $20.20, with an exchange of 338,179 stock units.
Stocks closing with losses| JMMB Group fell 5 cents to $1.70, after exchanging 137,757 shares, Prestige Holdings closed with a loss of 15 cents and completed trading of 14,500 units, at $7.35 and Trinidad & Tobago NGL shed 1 cent and settled at $29.30, after exchanging 1,700 shares.
Stocks trading with no price change| First Caribbean International Bank completed trading 1,000 units at $8, First Citizens settled at $32.75, after exchanging 2,275 shares, Guardian Holdings completed trading of 47,469 units at $18, Massy Holdings closed at $45.55, after exchanging 17 shares, National Enterprises ended at $7.50, with 1,000 stock units changing hands, National Flour completed trading at $1.68, with 28,323 units, One Caribbean Media ended at $11, after exchanging 1,000 shares, Republic Financial Holdings concluded market activity at $107.27, after exchanging 3,220 shares and West Indian Tobacco completed trading of 270 units at $94.50.

Prices of securities trading for the day are those at which the last trade took place.

Record high for NCB Financial

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NCB Financial closed at record high on botth the TTSE & JSE on Monday.

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 18 securities against 20 on Friday, with 3 advancing, 8 declining and 7 remaining unchanged with NCB Financial hitting a record high of $7.
At close of the market the Composite Index declined by 2.90 points on Monday to 1,245.19. The All T&T Index lost 6.23 points to 1,689.07, while the Cross Listed Index rose 0.07 points to close at 107.95. Trading ended with 381,532 shares at a value of $3,382,468, compared to 221,886 shares at a value of $3,379,494.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gainsClico Investments gained 5 cents and settled at $20.15, with 2,403 stock units changing hands, NCB Financial Group finished trading with a gain of 1 cent and ended at record $7, after exchanging 89,271 shares and Point Lisas rose 8 cents to settle at $3.70, with 9,670 stock units changing hands.
Stocks closing with losses|  Agostini’s fell 40 cents and completed trading at $23, after exchanging 1,000 shares, Massy Holdings closed with a loss of 45 cents and completed trading at $45.55, after exchanging 3,482 shares, National Enterprises shed 30 cents and settled at 52 weeks’ low of $7.50, with 8,900 stock units changing hands, One Caribbean Media lost 25 cents and completed trading at $11, after exchanging 11,994 shares, Sagicor Financial declined by 25 cents to settle at $7, with 6,969 stock units changing hands, Scotiabank concluded trading with a loss of 25 cents at $64.25, with 703 units changing hands, Trinidad & Tobago NGL traded 13,383 shares and lost 9 cents and ended at $29.31 and West Indian Tobacco shares fell 50 cents and concluded trading of 58 units at $94.50.
Stocks trading with no price change| Ansa Mcal ended with 123 units changing hands at $55, First Caribbean International Bank closed trading of 75,000 units at $8, Guardian Holdings concluded market activity at $18, with 51,830 units changing hands, JMMB Group completed trading at $1.75, after exchanging 101,456 shares, National Flour concluded trading at $1.68, with 400 units, Prestige Holdings closed trading with 2,000 shares at $7.50 and Unilever Caribbean settled at $23, with 2,890 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Unilever still pressured by T&T economy

The collapse of Unilever share price.


Profit surged sharply for the troubled Trinidad Stock Exchange listed Unilever Caribbean. The improvement was not coming from normal operations but mostly from sale of assets.
The company reported profit after tax of $167 million for the September quarter, up from just $170,000 for the 2017 period and $252 million up from $112 million for the nine months to September 2017.
The company sold off the spread business line and realised a gain of $161 million, it also sold fixed assets that realised gains of $3.5 million in the quarter. Excluding these gains, profit would be just $2 million for the quarter but a big improvement over the amount earned in 2017.

Unilever products – Unilever Caribbean continues to trade at new highs virtually each time it trades

For the nine months profitswould amount to $12 million or 46 cents per shares, up from $7 million in 2017 or 27 cents per share.
Sale revenues dropped 28 percent for the quarter, to $79 million from $109 billion in 2017 as the sales of the spread business took effect plus continued pressure being experienced in the eastern Caribbean market, that is a big part of the area they cover. Revenues fell 16 percent for the year to date, to $294 million from $350 million in 2017.
Gross profit margin improved from 33 percent in the 2017 September quarter to 34 percent in 2018 but is down to 35 percent for the nine months from 36 percent in 2017, resulting gross profit of $27 million for the September 2018 quarter, from $36 million in 2017 and for the nine months period, it moved from $126 million down to $104 million.

Profit of Unilever Caribbean has almost evaporated in 2017.

Administrative expenses were flat at $5.6 million for the quarter and fell 19 percent in the nine months to $18 million. Marketing and sales expenses declined by 37 percent to $19 million in the quarter and 21 percent to $74 million for the nine months.
Revenues reached a high of $588 million in 2014, dipped to $549 million in 2015, recovered a bit in 2016 to $566 million before falling sharply in 2017. Profit peaked at $70 million in 2013 dropped sharply in 2014 to just over $47 million in 2015 and $42.5 in 2016 and declined to $10.5 million in 2017.
Operational gross cash flow brought in just $316,000. At the end of September, shareholders’ equity stood at $388 billion with no borrowed funds used to finance the operations. Net current assets ended the period at $243 million inclusive of trade and other receivables of $84 million, cash and bank balances of $61 million and $202 million due from related parties. Current liabilities stood at $164 million inclusive of $54 due from related parties.
The stock traded at $23 on the Trinidad and Tobago Stock Exchange with a PE ratio around 40 times 2018 earnings. The company paid a dividend of $2 in the period. Net asset value is TT$14.80 with the stock selling at 1.55 book value.

NCB Financial hits new high on TTSE 

NCB Financial Group stock closed at a record TT$6.99 on Friday.

 Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 20 securities against 13 on Thursday, with 5 advancing, 7 declining and 8 remaining unchanged with NCB Financial hitting a record high of $6.99.
At close of the market the Composite Index gained 9.59 points on Friday to 1,248.09. The All T&T Index lost 2.46 points to close at 1,695.30, while the Cross Listed Index rose 3 points to close at 107.88.
Trading ended with 221,886 shares at a value of $3,379,494, compared to 164,712 shares on Thursday valued at $2,186,571.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 1 with a lower offer.
Stocks closing with gainsNCB Financial Group closed with a gain of 44 cents and settled at record close of $6.99, after exchanging 144 shares, One Caribbean Media gained 25 cents and ended at $11.25, after exchanging 1,400 shares, Prestige Holdings rose 15 cents to end at $7.50, in exchanging 1,000 units, Sagicor Financial closed with an increase of 25 cents at $7.25, with 36,375 stock units changing hands and Trinidad & Tobago NGL ended trading with a rise of 9 cents at $29.40, after exchanging 13,705 shares.
Stocks closing with losses| Angostura Holdings  fell 25 cents and ended at $15.75, with 6,600 stock units changing hands, Ansa Mcal lost 1 cent and completed trading of just 27 units at $55, Clico Investments shed 5 cents and ended at $20.10, with 7,306 stock units changing hands, First Citizens lost 25 cents and settled at $32.75, after exchanging 805 shares, LJ Williams B share ended trading 5 cents lower at 70 cents, after exchanging 1,000 shares, Massy Holdings concluded trading with a loss of 80 cents at $46, in trading 3,734 shares and Trinidad Cement traded with a loss of 19 cents to close at $2.55, after 42,303 shares changed hands.
Stocks trading with no price change| First Caribbean International Bank completed trading of 50,000 units, at $8, Grace Kennedy ended the day at $3, with 2,000 stock units changing hands, Guardian Holdings completed trading of 37,800 units, at $18, JMMB Group ended at $1.75, after exchanging 7,323 shares, National Flour completed trading 500 units at $1.68, Republic Financial Holdings closed at $107.27, after an exchanging 8,199 shares, Scotiabank completed trading at $64.50, with 16 units and West Indian Tobacco closed trading of 1,649 units at $95.

Prices of securities trading for the day are those at which the last trade took place.

Trading leads to slippage of TTSE indices

The Trinidad & Tobago Stock Exchange ended trading after 13 securities changed hands, compared to 16 on Tuesday, 3 advanced, 2 declined and 8 remained unchanged, with the market indices slipping lower at the close, on Thursday.
The Composite Index fell 2.31 points to 1,238.50. The All T&T Index declined 3.07 points to 1,697.76, while the Cross Listed Index lost 0.21 points to close at 104.88.
Market activity ended with 165,192 units valued at $2,186,571 trading, down from 858,620 units valued at $14,226,508 changing hands on Wednesday.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and just 5 with lower offers.
Stocks closing with gains| Clico Investments rose 15 cents and completed trading at $20.15, with 48,900 stock units changing hands, First Citizens stock price increased 25 cents to close at $33, after exchanging 373 shares and Trinidad & Tobago NGL rose 1 cent and concluded an exchange of 2,600 shares at $29.31.
Stocks closing with losses|National Enterprises lost 20 cents and completed trading at $7.80, with 500 stock units changing hands and Sagicor Financial ended trading 5 cents lower at $7, with 600 stock units changing hands.
Stocks trading with no price change| Calypso Macro Index Fund  closed trading of 480 shares to close at $15.85,  Guardian Holdings settled at $18, while trading 28,500 units, JMMB Group ended trading at $1.75, after exchanging 56,500 shares, Massy Holdings ended at $46.80, trading 67 shares, NCB Financial Group concluded with an exchange of 22,155 shares at $6.55, Republic Financial Holdings ended market activity at $107.27, after exchanging 800 shares, Unilever Caribbean completed trading of 1,412 stock units at $23 and West Indian Tobacco settled at $95, with 2,305 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

 

NCB Insiders sending $650m message?

NCB had a good 2018 fiscal year with strong profit gains.

Insiders buying shares in companies they oversee is worthy of note and investors should pay keen attention to the coded message it may be sending.
It would appear that some directors and executives at NCB Financial Group, see big things ahead to have put down J$650 million in buying a block of the stock close to the highest piece it has traded at in recent times. According to the Jamaica Stock Exchange, NCB Financial Group advised that two directors and six executive officers purchased a total of 4,793,610 NCBFG shares on November 20, 2018. The only issue with the announcement is that the stock exchange report for the November 20 shows only 4.2 million NCB’s shares traded on that day.
The acquisition took place after an announcement that NCB was now cleared to acquire an additional 22 percent of Guardian Holding shares at TT$18 each. For the nine months to September, profit attributable to equity holders of the Guardian jumped to TT$371 million for the nine months to September, from $254 million in 2017 and rose to $156 million in the quarter from just $60 million in the 2017 period. Guardian reported audited profit of TT$407 million in 2017.
Earnings per share ended at $1.60 for the 2018 nine months period compared to $1.75 in the twelve months of 2017. At $18 per share NCB is getting a bargain with the stock selling around 9 nine 018 earnings while NCB is selling locally at 14 times earnings. Guardian’s shares closed trading at TT$18 on the Trinidad and Tobago Stock Exchange today while NCB traded 211,790 shares with the last price at a record $137.
NCB closed with buying interest in just over 417,000 units between $125 and $136.01, with selling of 215,000 units between $137 to $169.80.

Junior stock list on TTSE -Wednesday

Trinidad & Tobago Stock Exchange Head Quarters

Cinema operators, CinemaOne Limited is the latest listing on the Trinidad & Tobago Stock Exchange. The company was listed today and is the first company to list on the SME section of the exchange. 
There was no trading in the company’s shares that listed at $10 and there were no bids nor offers to trade the stock at the close
The market closed after 16 securities changed hands, compared to 17 on Tuesday, 5 advanced, 2 declined and 9 remained unchanged as 858,620 units valued at $14,226,508 traded, down from 379,165 units valued at $4,512,298 changing hands on Tuesday.
 The  Composite Index inched higher by 0.69 points on Wednesday to 1,240.81. The  All T&T Index  gained 0.93 points to 1,700.83, while the  Cross Listed Index rose 0.06 points to close at 105.09.
IC bid-offer Indicator| At the end of trading, the  Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and just 5 with lower offers.
Stocks closing with gains| Angostura Holdings concluded trading with a rise of 30 cents to close at $16, with 31,336 stock units changing hands, First Citizens added 10 cents and settled at $32.75, after exchanging 2,207 shares, Grace Kennedy gained 1 cent and ended at $3, with 199,312 stock units changing hands, Prestige Holdings rose 2 cents and completed trading at $7.35, with 200 units and Republic Financial Holdings closed with a gain of 22 cents and ended at $107.27, after exchanging 17,843 shares.
Stocks closing with lossesFirst Caribbean International Bank fell 5 cents and completed trading of 200,291 units at $8, and Sagicor Financial traded with a loss of 20 cents and ended at $7.05, with 21,458 stock units changing hands.
Stocks trading with no price change| Calypso Macro Index Fund traded 1,263 shares to close at $15.85, Clico Investments ended at $20, with 292,254 stock units with a value of $5,865,098 changing hands, JMMB Group closed at $1.75, after exchanging 5,500 shares, Massy Holdings concluded trading at $46.80, exchanging 200 shares, National Flour completed trading of 10,000 units at $1.68, NCB Financial Group settled at $6.55, after exchanging 1,632 shares, Scotiabank completed trading at $64.50, with 12,810 units, Trinidad & Tobago NGL settled at $29.30, after exchanging 49,963 shares and West Indian Tobacco completed trading at $95, with 12,351 units.

Prices of securities trading for the day are those at which the last trade took place.

 

Trinidad gets first junior listing

Cinemaone Limited is the latest listing on the Trinidad and Tobago Stock Exchange. The company was listed today and is the first company to list on the SME section of the exchange.
There was no trading in the company’s shares and none were offered for sale and there were no bids to buy the stock at the close. a total of 6.4 million shares are issued and the opening price was placed at $10.
Trinidad and Tobago Stock Exchange established a market for Small and Medium Enterprises, the SME Market after the government of Trinidad and Tobago announced in 2012 special tax concession for companies listing on this exchange.
The company operates cinemas in Trinidad and Tobago and had revenues of TT$15.2 million for the year ending September 2018 and $12.7 million in the previous year, with profits after tax of $867,000 in 2017 versus $1.5 million in 2016 after making $1.5 million before tax in 2017 versus $1.1 million in 2017.