Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 2 advanced, 3 declined and 6 traded firm with a total of 195,810 units, valued at $1,518,628.
At the close of the market, the Composite Index declined by 0.12 points to close at 1,160.25, the All T&T Index fell 0.44 points to close at 1,970.94 and the Cross Listed Index increased by a mere 0.02 points to end at 45.86.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 7,313 shares with a value of $261,826, ended 1 cent higher at $35.81 and Grace Kennedy traded 139,792 shares changing hands for a value of $497,660 and gained 3 cents to close at $3.56.
Declines| Clico Investment Fund closed at $22.50 after slipping 5 cents with 3,680 shares trading, Guardian Holdings trade 4,000 units but lost 1 cent in closing at $14.19 and Trinidad Cement suffered a loss of 5 cents to close at $2.75 while trading 29,833 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 160 shares trading and closing at $17.25, Ansa Merchant Bank with 4,150 shares trading valued at $161,486, closed at $38.91, JMMB Group with 1,000 shares changing hands, closed unchanged at 55 cents. Massy Holdings ended at $64, while trading 5,771 shares valued at $369,344, National Enterprises traded 96 units to close at $17.30 and Republic Bank contributing just 15 shares remained at $115.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 1 with the offer that is lower.
2 stocks gained 3 fell on TTSE
15 stocks trade 3 advance on TTSE
IC Insider Buy Rated NFM closed at a new 52 weeks high on Monday
At the close of the market, the Composite Index rose 0.75 points to close at 1,160.37, the All T&T Index rose by just 0.52 points to close at 1,971.3 and the Cross Listed Index increased by a mere 0.13 points to end at 45.84.
Gains| Stocks increasing in price at the close are, National Flour traded 9,352 shares to close with a gain of 3 cents to close at a 52 weeks’ high of $1.73. Point Lisas Port Development gained 8 cents to end at $3.77 with just 198 units changing hands, and West Indian Tobacco trading with 2,799 share with a value of $350,575 changing hands, added 3 cents to the price in closing at $125.25.
Witco was one of the stocks rising on Monday
$64, while trading 1,758 shares, National Commercial Bank added 10,587 shares to end at $1.65. National Enterprises traded 3,439 units to close at $17.30 followed by Republic Bank, contributing 11,120 shares with a value of $1,278,800, but remained at $115, while Sagicor Financial Corporation with 48,873 shares being traded for $293,235 ended at $6 and Unilever Caribbean with 495 shares trading, closed at $66.14.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 2 stocks with the bids higher than their last selling prices and 2 stocks with offers that were lower.
Point Lisas undervalued shares
Profit before tax for Trinidad’s Point Lisas Port Development Companyand excluding the impact of fair value gains was $15.3M, an increase of 358 percent compared to the same period last year of $3.3M this flowed from a 19.6 percent growth in revenues. Including gains on valuation of investment properties the company reported profit of TT$67 million versus $36 million in 2014.
Volumes handled by the port grew strongly with the containerized cargo operations experiencing a 25 percent increase in volume but general cargo operations suffered a 13 percent compared to the levels recorded in 2014. The growth in containerised cargo resulted from a 10 percent increase in imports, an 11 percent increase in exports along with a 94 percent increase in trans-shipment cargo. For general cargo there was an 88 percent decrease in exports, a 7 percent increase in imports and a 320 percent increase in trans-shipment.
Direct cost rose faster than the growth in revenues with an increase of 29 percent. Administrative expenses remained relatively stable during the quarter at $21 million but other operating expenses declined to 158 million from $20.5 million.
The Group’s total assets grew to $2.33B in the first quarter of 2015, an increase of 3 percent from December 2014 when the asset base was $2.26B. Working capital continues to remain strong having improved from $49M at December 2014 to $65M in March 2015. The shareholders’ equity stood at “PLIPDECO will continue to embark on various endeavours as determined in its strategic plan. These include among other things infrastructural improvements, information technology upgrades (some already implemented during the first quarter 2015), and continuation of the Port expansion project. The preceding undertakings would further enhance efficiency and productivity to effectively position PLIPDECO in its drive towards continued growth$1.966 billion” Ian Atherly, Chairman of the company told shareholders in his report accompanying the quarterly results.
At the rate of income generation in the first quarter Point Lisas could earn around $1.70 per share excluding cap gains in 2015. The stock which is listed on the Trinidad & Tobago Stock Exchange and traded as high as $8.25 in 2007, last traded at $3.69. The net asset value of the stock is $49.60.
The stocks is undervalued and seems to be an interesting, IC Insider is maintaining a BUY RATED status on the stock.
6 stocks eke out gains on TTSE
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 6 advanced, none declined and 5 traded firm, with a total of 223,324 units, valued at $8,904,407.
At the close of the market, the Composite Index advanced by 0.34 points to close at 1,154.79, the All T&T Index fell by just 0.11 points to close at 1,968.43 and the Cross Listed Index increased by 0.11 points to end at 44.74.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank ended trading with 937 shares but added 2 cents to close at $5.03, First Citizens Bank traded 2,165 shares to close 5 cents higher at $35.85, Grace Kennedy contributed 18,691 shares, to end with a gain of 3 cents at $3.5. Guardian Holdings with 37,409 shares traded for a value of $531,322, gained 5 cents to end the day at $14.25, Massy Holdings had 76,650 shares changing hands for a value of $4,871,107 to end 6 cents higher at $63.55 and Unilever traded 3,314 shares and gained 2 cents in closing at a new 52 weeks’ high of $66.11.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 6,099 units at $13.90, Clico Investment Fund ended with 60,533 shares trading, valued at $1,368,305 but remained at $22.60. One Caribbean Media ended with just 60 shares changing hands at $22.30, Republic Bank added 14,539 shares valued at $1,671,985 to close at $115 and Trinidad Cement ended up with 2,927 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 1 with a lower offer.
National Flour at new high
IC Insider Buy Rated National Flour closed at a 52 weeks high on Tuesday of $1.70.
At the close of the market, the Composite Index rose by 0.14 points to close at 1,154.28, the All T&T Index gained 0.28 points to close at 1,968.40 and the Cross Listed Index remained at 44.61.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 5,904 shares valued at $211,341 to close with a gain of 2 cents, at $35.80. National Flour Mills contributed 6,304 shares and closed with a gain of 6 cents at a new 52 weeks’ high of $1.70. The stock which has the IC Insider Buy Rated status reported a big jump in profit for the March quarter of $9 million compared with just $1.9 million in 2014. Scotiabank with a volume of 20,000 shares being traded for $1,250,200 closed at $62.51, to gain 1 cent and West Indian Tobacco closed with a gain of 2 cents at $125.22 with 2,950 units trading valued at $370,651.
Stocks declining| ANSA McAL traded 719 units, to end 1 cents down at $67.01.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank had 1,010 shares trading at the close at $38.91, Clico Investment Fund with 214,995 shares valued at $4,848,206 closed at $2.55, JMMB Group traded 142,721 shares at 55 cents, Massy Holdings trading 5,346 shares valued at
$339,144 and closed at $63.43. Republic Bank traded 1,413 shares with a value of $162,495 and closed at $115. Prestige holdings closed trading with 500 units at $10, Praetorian Property Mutual Fund 1,000 units at $3.10, Sagicor Financial Corporation traded 868 shares to close unchanged at $5.90 and Trinidad Cement traded 5,000 units to close at $2.80.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 1with a lower offer.
More stocks declined than rise – TTSE
Guardian Holdings traded 272,059 shares on Monday
At the close of the market, the Composite Index lost 0.54 points to close at 1,154.14, the All T&T Indexfell 1.01 points to close at 1,968.12 and the Cross Listed Index fell 0.01 points to end at 44.61.
Gains| Ansa Merchant Bank recorded the sole price increase, climbing 1 cent to end at $38.91.
Declines| Stocks declining at the end of trading are, Guardian Holdings with 272,059 shares changing hands, for a value of $3,876,466, lost 5 cents to end at $14.25, followed by Sagicor Financial Corporation contributing 26,090 shares, with a value of $153,943.81, while closing a cent down, at $5.90 and Trinidad Cement with 69,057 shares being traded for $193,383, to close at $2.80 after declining by 10 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings adding 10,000 shares valued at $139,000 to close at $13.90, Clico Investment Fund ending with 12,424 shares valued
at $280,161 changing hands to end at $22.55. First Citizens Bank trading 2,305 shares to close at $35.78. JMMB Group traded 5,360 shares to end at 55 cents, Prestige Holdings traded just 500 shares at $10 and Scotia Investments contributed 980 shares as the price closed unchanged at $1.50.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.
Trinidad Stock Exchange pockets $2.74M
The year 2014 saw the stock exchange in the Southern Caribbean, struggling to hold its own against profits made in 2013, with 39 percent fall to $2.74 million.
Revenue excluding investment income totalled $14.07 million, and was only 5.6 percent less than the $14.9 million in 2013 as reductions in transaction charges and bond trading Income were mitigated by increases in registrar and other Income.
Investment Income of $2.015 million was marginally less than the $2.021 million booked in 2013 as lower interest rates dampened the effect of higher investment balances. Total revenue, including investment income, was $16 million, 5.0 percent lower than the $16.92 million generated in 2013. Operating Expenses totalled $12.4 million, an increase of 11 percent from the corresponding charges for 2013 with consultancy and legal expenses contributing to most of the increase as the organisation completed a human resources review and also increased its regulatory activities. Consolidated total assets closed 2014 at $72.3 million, Shareholder’s equity $68.9 million and retained earnings at $54.6 million.
The stock exchange may be holding its own financially, but they have hiked fees to investors as stayed away from stock investments the same has been happening Jamaica, suggesting that there should be a push for the two exchanges to start merger discussion probably starting with back room operations.
No stock fell on TTSE Wednesday
Guardian Gained in trading on Wednesday but the stock could benefit in the future from the take over of large blocks of shares.
At the close of the market, the Composite Index rose 0.17 points to close at 1,153.41, the All T&T Index rose 0.34 points to close at 1,968.83 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, Ansa Mcal trading 1,500 shares to close with a gain of 1 cent at $67.02, Guardian Holdings trading 1,180 shares closed with a gain of 7 cents to end at $14.26. Proven Investments and National Commercial Bank are slated to take a major stake in the ownership in Guardian that once was majority owned by Jamaica Mutual Life.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 715 units at $13.90, Clico Investment Fund closed at $2.55 with 1,300 units, First Citizens Bank trading 1,875 shares to close at $35.78, Guardian Media trading 912 shares at $19.76, JMMB Group contributing 185,655 shares at 50 cents. Massy Holdings traded just 6 shares to close at $63.43, National Enterprises
with 1,000 shares closed at $17.30, One Caribbean Media ended trading with 876 units at $22.30, Prestige Holdings had 662,100 units changing hands at $10 with a value of $6,621,000. Republic Bank had 2,650 shares trading with a value of $304,750 to close unchanged at $115, Scotiabank traded 5,600 units to close at $62.50 carrying a value of $350,000.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 1 stock with the offer that is lower.
5 stocks rose none fell on TTSE
Trading on the Trinidad Stock Exchange was dismally low with just 21,815 units, valued at $537,697 trading with 13 securities changing hands of which 5 advanced, none declined and 8 traded firm.
At the close of the market, the Composite Index rose by 0.12 points to close at 1,153.24, the All T&T Index advanced by just 0.25 points to close at 1,968.49 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 5,414 shares valued at $121,957, gained 1 cent to end at $22.5. First Citizens Bank traded 1,205 shares to close with a gain of 1 cent at $35.78, Guardian Holdings put on 2 cents while trading 2,000 shares to end at $14.19, Massy Holdings traded 2,181 shares worth $138,341 and gained 1 cent to $63.43 and West Indian Tobacco gained 4 cents to end the day at $125.20.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank trading 500 shares to end unchanged at $5.01, JMMB Group traded with 5,416 shares changing hands to end at 50 cents, One Caribbean Media contributed 100 shares at $22.30.
Republic Bank traded 200 shares to close at $115, Sagicor Financial traded 191 shares and closed at $5.90, Scotiabank with 391 shares changing hands ended unchanged at $62.50 while Scotia Investments added 1,894 shares at $1.45 and Trinidad Cement had only 1,175 units changing hands to close at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.
Guardian Media profit up 17%
Guardian Media has a respectable first quarter for 2015 in spite of a tight economy in Trinidad with the sharp fall in the price of oil. The improvement did not come from the main business of news dissemination, instead it came from the multi-media segment. Guardian reported profit before tax for the quarter increasing by 32 percent to reach $6.03 million, from $4.57 million in 2014. After accounting for corporate taxes, profits grew 17 percent to $4.48 million from $3.84 million in 2014.
The print segment made less profit before taxation than in 2014, with $1.24 million reported in 2015 versus $1.69 million in 2014 while the Multi–media segment generated $4.8 million compared with $2.9 million in March 2014.
Whilst revenue grew marginally from $44.4 million to $45.1million, management of operating costs and the realization of operational efficiencies and a reduction in finance cost from $495,000 to $243,000 resulted in the increase in profitability.
Cash flows increased by $2.4 million for the 2015 quarter resulting from cash inflows from operations rising by $11.6 million compared with $9.2 million in 2014, leaving cash on hand of $113 million. Equity capital ends at $382 million.
“We expect these improvements in performance to continue for the rest of the year,” management stated, in their release to the Trinidad Stock Exchange with the quarterly financial statements.
The stock last traded in January at $19.76 on the Trinidad Stock Exchange. If earnings should continue at the pace of the first quarter the company could earn $1 per share which would place the PE at 20, quite steep for a company in a matured market. At the close on Monday there were no stocks offered for sale and no bids to buy.
