No stock fell on TTSE Wednesday

May 6, 2015 by

Guardian Gained in trading on Wednesday but the stock could benefit in the future from the take over of large blocks of shares.

Guardian Gained in trading on Wednesday but the stock could benefit in the future from the take over of large blocks of shares.

Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, none declined and 11 traded firm with a total of 865,369 units, valued at $7,647,482.
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 TTSE -6-5-15with 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.

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5 stocks rose none fell on TTSE

May 5, 2015 by

TTSEDailyTRading280x150 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.TTSE 5-5-15 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.

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Guardian Media profit up 17%

May 5, 2015 by

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.
GML 3-15 logoThe 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.

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Light trading as 4 stocks rose

May 4, 2015 by

Trading on the Trinidad Stock Exchange was with 13 securities changing hands of which 4 advanced, 1 declined and 8 traded firm with a total of 510,508 units, valued at $2,696,066.
TTSE 4-5-15At the close of the market, the Composite Index rose 0.72 points to close at 1,153.12, the All T&T Index gained 1.43 points to close at 1,968.24 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading only 277 shares, to close with a gain of 1 cent at $35.77. Guardian Holdings with 26,723 shares trading for $378,664, ended with a gain of 2 cents at $14.17, Massy Holdings trading 121 shares to close with a gain of 5 cents at $63.42 and Trinidad Cement with 395,056 shares changing hands for a value of $1,145,163, gained 15 cents to end the day at $2.90.
Declines| Clico Investment Fund is the sole stock declining at the end of trading with 29,500 shares valued at $665,031 but declined by 1 cent to end at $22.54.
Firm Trades| Stocks closing with prices unchanged are, Agostini’s trading 500 shares traded at $17.25, Ansa Merchant Bank contributed 3,871 shares to close unchanged at $38.90, Grace Kennedy trading 1,100 units to close at $3.49. JMMB Group trading 12,000 shares to end at 50 cents, One Caribbean Media with just 10 shares changing hands, closed at $22.30, Prestige Holdings added 17,300 shares valued at $173,006 to close at $10, Republic Bank with 50 shares, closed at $115 and Sagicor Financial Corporation contributed 24,000 shares with a value of $141,600 and closed at $5.90.
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 with a lower offer.

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One Caribbean’s flat profit

April 29, 2015 by

OneCaribbeanMedia280x150One Caribbean Media out of Trinidad is reporting flat profit of $17 million, for the first quarter of this year, from a fall in revenues of $116.7 million compared with $121 million in 2014.
The results were helped by slightly lower administrative cost of $18.9 million versus $19.8 million in 2014 and a small decline in corporate taxes. The results translates to earnings per share of 24 cents. For 2014 the company had earnings of $1.23 per share. For 2015 earnings should remain at the 2014 level.
The company that publishes newspapers and operates TV and radio stations in Trinidad, has equity capital of $686 million with cash funds of $128 million and total liabilities of $145 million. One Caribbean is going to continue to face challenges for a while, with tightness and slow growth in Trinidad, made worse by the sharp fall off in the price of oil, one of the country’s main products.
The stock was once on the BUY RATED list but was removed after it appreciated fully in 2013. The stock last traded on the Trinidad and Tobago Exchange at $22.30, giving it a pretty rich PE of 18.

Filed Under: Company News, Company Results Tagged With: ,

No decline Monday on TTSE

April 27, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange remains moderate, but ended with 11 securities changing hands, of which 4 advanced, none declined and 6 traded firm, with a total of 495,879 units, valued at $1,443,300.
At the close of the market, the Composite Index advanced by 1.11 points to 1,151.97, the All T&T Index rose 1.54 points to close at 1,967.92 and the Cross Listed Index increased by 0.09 points to close at 44.05.
Gains| Stocks increasing in price at the close are, JMMB Group with 363,145 shares changing hands for a value of $163,428 to close 3 cents higher at 43 cents, Massy Holdings trading 931 shares to close at $63.37 with a gain of 26 cents. Scotiabank traded 3,367 shares valued at $213,198 to close with a gain of 3 cents and end at $62.33 and Trinidad Cement with 84,445 shares trading for $224,679 to end with a 16 cents gain to $2.77.
Declines| No stocks declined at the end of trading on Monday.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank with 1,000 shares at $38.95, Clico Investment Fund traded 7,480 shares valued at $168,674 with the price remaining at $22.55. TTSE 27-4-15First Citizens Bank traded 2,373 shares to close $35.61, Grace Kennedy traded 350 units to close at $3.50, Guardian Holdings added 9,358 shares valued at $131,479.90 to close at $14.05. National Enterprises contributed 17,430 shares with a value of $301,539 and ended at $17.30, while Prestige Holdings with 6,000 shares traded at $10.
IC bid-offer Indicator|At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

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TTSE marking time

April 16, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange ended Thursday with 10 securities changing hands of which 2 advanced, 1 declined and 7 traded firm with a total of 167,953 units, valued at $1,778,490.
At the close of the market, the Composite Index lost 0.16 points to close at 1,151.48, the All T&T Index rose fell by just 0.33 points to close at 1,964.99 and the Cross Listed Index remained at 44.31.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank contributing 7,740 shares with a value of $301,473 closed at 4 cents up at $38.95 and First Citizens Bank traded 2,570 shares to close with a gain of 1 cent, $37.57.
Declines| National Enterprises was sole declining stock as it lost 3 cents to end the day at a 52 weeks’ low of $17.30.
TTSE 16-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading just 100 shares to close at $66.91, Clico Investment Fund with 42,588 shares valued at $958,654 ended at $22.50, Guardian Holdings contributed 1,131 shares with the price closing unchanged at $14.20. JMMB Group with 10,000 shares trading, ended at 43 cents, while Massy Holdings added 3,718 shares valued at $234,420 and ended at $763.05, National Flour Mills with 99,633 shares changing hands for a value of $149,450 and closed at $1.50, West Indian Tobacco trading 73 shares to close at $125.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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Sideways movement on TTSE

April 15, 2015 by

TTSE Building2_280x150 Trading on the Trinidad Stock Exchange ended with 12 securities changing hands of which 2 advanced, 1 declined and 9 traded firm with a total of 186,439 units, valued at $924,649.
At the close of the market, the Composite Index advanced by 0.41 points to close at 1,151.64, the All T&T Index rose 0.83 points to close at 1,965.32 and the Cross Listed Index remained at 44.31.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 608 shares to close with a gain of 4 cents at $35.56 and Trinidad Cement with 92,027 shares changing hands for a value of $230,052 ended with a 10 cents gain and ending at $2.50.
Declines| Only one stock declined at the end of trading as Republic Bank fell 1 cent to end at a new 52 weeks’ low of $115.99 with 2,368 shares trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal trading 600 shares and ended at $66.91, Clico Investment Fund trading 1,330 at $22.50, Guardian Holdings ending with 3,093 units changing hands, to close at $14.20. Massy Holdings traded 132 shares to close at $63.05, National Enterprises with 2,579 shares trading, closed at $17.33, National Flour Mills TTSE cht 15-4-15with 45,533 shares trading, closed at $1.50, Sagicor Financial Corporation trading 12,565 shares, closed at $6.25, Scotiabank in trading 656 shares ended at $62.11 and Scotia Investments contributed 24,788 shares and ended at $1.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 3 stocks with the bid higher than their last selling prices and 1 with the offer that is lower.

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2 up 3 down Monday on TTSE

April 13, 2015 by

Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 2 advanced, 3 declined and 5 traded firm with a total of 614,598 units, valued at $1,570,784.
 At the close of the market, the Composite Index lost 0.36 points to close at 1,151.63, the All T&T Index fell 0.97 points to close at 1,966.29, the Cross Listed Index advanced by 0.03 points to close at 44.18.
TTSE 13-4-15 Gains| Clico Investment Fund trading 13,000 shares valued at $292,63, put on a cent to end at $22.51 and Sagicor Financial Corporation are, with price rising by 4 cents to $6.02 with 1,400 shares changed hands are the only stocks increasing in price at the close of the market.
Declines| The stocks that declined at the close of the market are, Massy Holdings adding 3,221 shares valued at $203,090, to end 1 cent lower, at $63.05. National Flour Mills with 246,156 shares trading with a value of $369,235, fell 5 cents to $1.50 and Trinidad Cement in contributing 40,534 shares with a value of $99,308, declined by 10 cents to close at $2.45.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 384 shares trading and closing down a cent, at $14, First Citizens Bank trading 2,153 shares to close at $35.50. Guardian Media trading 1,000 shares at $19.76, National Commercial Bank with 305,000 shares changing hands for a value of $457,500, closed at $1.50 and One Caribbean Media with 1,750 shares trading to end at $$22.30.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 2 stocks with the bid higher than their last selling prices and 1 with a lower offer.

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Trading closes week light – TTSE

April 10, 2015 by

Trading on the Trinidad Stock Exchange ended the week with 8 securities changing hands of which 4 advanced, 2 declined and 2 traded firm with a total of 236,267 units, valued at $8,270,548.
TTSE sum 10-4-15At the close of the market, the Composite Index rose 0.19 points to close at 1,151.99, the All T&T Index rose 0.37 points to close at 1,967.26 and the Cross Listed Index remained at 44.15.
Gains| Stocks increasing in price at the close are, Massy Holdings with 75,040 shares changing hands, for a value of $4,732,022, to close at $63.06 after gaining 1 cent, Point Lisas Industrial Port contributing 4,600 shares at $3.60, for a 1 cent gain. Republic Bank trading 344 shares and closing with a 1 cent gain, at $116.01 and Scotiabank gaining 9 cents to end at $62.11 while 838 shares changed hands.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 144,695 shares valued at $3,256,576 to end with a fall of 5 cents at $22.50 and Guardian Holdings with 200 shares lost a cent in closing at $14.47.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank added 4,550 shares valued at $161,525 and National Commercial Bank with a volume of 6,000 shares closed unchanged at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

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