TTSE: Trading sinks

Thursday, 8th August 2013 | A mere 67,521 shares crossed the floor of the Trinidad & Tobago Stock Exchange valued at $742,258 even as the stocks of 10 companies traded as 3 advanced, 4 declined and 3 traded firm.

Stocks trading with fair volumes were: One Caribbean Media 26,783 shares valued at $482,189, Angostura Holdings 22,758 shares for $205,999 as the stock shed 44 cents to close at $9.05. Williams LJ B contributed 7,926 shares with a value of $5,151.90, while National Commercial Bank Jamaica added 7,835 shares valued at $9,245.30. Only 200 shares valued at $4,306 was traded for Clico Investment Fund as the stock advanced by a cent to end at $21.53.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher or lower than their last selling price.

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TTSE: $13M spent on ANSA stock

Wednesday, 7th August, 2013 | Trinidad Cement had 500,920 shares changing hands for a value of $756,952 on the Trinidad & Tobago Stock Exchange. The stock last traded at $1.54, a gain of 2 cents for the day.

Overall 1,077,086 shares valued at $16,907,699 traded as 11 securities changed hands of which 2 advanced, 2 declined and 7 traded firm. LJ Williams B shares traded down 8 cents to a 52 weeks low of 65 cents with small volume.

Conglomerate ANSA Mcal had 201,666 shares trading for $13,370,456 as the stock climbed 2 cents to end the day at $66.30. Grace Kennedy, the Jamaican conglomerate chipped in with 170,000 shares with a value of $578,400, while National Flour Mills added 139,832 shares valued at $97,882. Neal & Massy traded 28,254 units at $58.96 the same price as Tuesday. Sagicor Financial Corporation traded 24,000 with the last traded price of $6.90, down 10 cents on the day. Clico Investment Fund posted a volume of 8,400 shares valued at $180,768 with no price change.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher and 1 stock had the offer lower than their last selling price.

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TTSE: Witco drops 95 cents

Tuesday, 6th August 2013 | West Indian Tobacco Company traded 27,743 shares valued at $3,247,318 as the stock lost 95 cents to close at $117.05. The stock which is one of the highest on the Trinidad market at nearly 27 times this year’s estimated earnings may be considered pricey and most likely will see a decline in profits due to the sharp 30 percent drop in cigarette sales in Jamaica since it supplies the bulk of cigarettes to Carreras. The stock may be fully priced at these levels.

Overall, there was trading in 12 securities of which 4 advanced, 4 declined and 4 traded firm as the market recorded a volume of 361,037 shares valued at $18.68 million. ANSA Mcal saw 208,344 shares changing hands for a value of $13,808,135, followed by Sagicor Financial Corporation with a volume of 32,516 shares for $227,612 as the price increased by 10 cents to end the day at $7.00. Point Lisas Industrial Port Development Corporation contributed 32,003 shares with a value of $120,742, while Clico Investment Fund posted a volume of 3,600 shares valued at $77,472, the stock advanced by a cent to end at $21.52.

National Enterprises traded 20,300 units firm at $16 and Jamaica Money Market traded 22,662 units at 44 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that the bid for 1 stock, Trinidad Cement, was higher and 1 stock had the offer lower than the last selling price.

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Barita, Lasco Financial get thumbs up

Monday, 5th August 2013 | Two weeks into the earnings season and quarterly reports continue to flow in. How will the markets respond? Our ‘Stocks to Watch’ list gives clues for some of the market action expected this week.

Buy Rated Stock | New to our Buy Rated list are Barita Investments and Lasco Financial, which brings the number to 5 companies that have received a ‘two thumbs-up’ based on our review of their 2nd quarter results.

Other companies that reported results and solidified their position on our Buy Rated list are Access Financial and Lasco Manufacturing.

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

Related posts | LASCO Financial small but tallawah | Access growth continues | LASCO Manufacturing profits in the future 

To find published reports for a Buy Rated stock on IC Insider, please use category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

StockswatchAug5 Image courtesy of ImageryMajestic/FreeDigitalPhotos.net

TTSE: Agostini’s at 52 weeks high

Monday, 5th August, 2013 | Trading on the Trinidad & Tobago Stock Exchange on Monday was subdued with 11 securities trading of which 2 advanced, 3 declined and 6 traded firm as just 708,913 units changed hands valued at $2.33 million.

Interest continued to be displayed in Trinidad Cement (TCL) with a volume of 503,031 shares changing hands for a value of $759,577 as the stock closed at $1.51. The price remained steady at Friday’s last traded price but the bid was higher at the close at $1.52 suggesting further gains ahead. The TCL Group released results on Friday showing a continuation of the return to profitability that was evidenced in the first quarter. Profit due to shareholders of TCL was placed at $46 million and $73 million year to date. While there are some one off cost and income that ought to be adjusted for to arrive at ongoing income, it would still mean a decent profit in the quarter and year to date.

Prestige Holdings saw 100,000 shares being traded for $935,000, while National Flour Mills had 70,000 shares with a value of $49,000 but ended up falling 5 cents to close at 70 cents. Sagicor Financial Corporation added 11,500 shares valued at $79,350. Agostini’s traded 4,304 units at $17 increasing by 33 cents to end the day at $17.00, a new 52 weeks high. Clico Investment Fund posted a volume of 6,600 shares valued at $141,964 and advanced by a cent to end at $21.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 3 stocks were higher and 1 stock had the offer lower than their last selling price.

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TTSE: PE Ratios show bargains

Friday, August 2nd 2013 | There has not been much change in prices on the Trinidad & Tobago Stock Exchange in the last week hence there is not much change in the potential gains for the stocks with the potentially greatest change.

Of note however, is the continued march of Trinidad Cement that is now selling at $1.51 and thus reduced the potential gain from 800 percent last week to a still very strong 600 percent this week. New results will be available for this stock this week, which is likely to give the stock even more kick.

Last week we added Berger Paints to the list, but the stock has no bids currently and for some time but there is a small amount on sale, the PE of this stock is very low and therefore the stock has much upside potential.

Related posts | Cement could be good for your pocket | Berger TT profit poised for big gain

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TTSE: Angostura up 48c, Sagicor up 40c

Friday, August 2nd, 2013 | Angostura Holdings traded 4,125 units, gained 48 cents to end the day at $9.50 while Sagicor Financial Corporation traded 33,910 shares valued at $233,959 and gained 40 cents to close at $6.90. Overall there was trading in 11 securities of which 3 advanced, 1 declined and 7 traded firm. Trading took place in 1,684,120 units valued at $8.385 million.

Scotia Investments traded a volume of 21,545 shares for $40,258. Trinidad Cement contributed 9,513 shares valued at $14,365, closing at $1.51, the same as the last price on Wednesday and National Commercial Bank added 4,531 shares valued at $5,347. Prestige Holdings traded 3,917 shares at $9.35, National Flour traded 3,000 shares at 75 cents and national Enterprises chipped in with 2,507 at $16. Guardian Holdings had 1,000 units changing hands and slipped 1 cent to end the day at $15.97. Clico Investment Fund advanced by 13 cents to end at $21.50 with 146,043 shares valued at $3,139,742 trading.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher than their last selling price, there were no offers that were lower.

There was no trading on Thursday, August 1st, a public holiday in Trinidad & Tobago.

TTSEAug2

Guardian maintains strong rating

A release from Guardian Group:

GUARDIAN_GROUP_Maintains_BEST_RATING_

Insider call | Guardian Holdings is an IC Insider Buy Rated stock and is traded on the Trinidad & Tobago Stock Exchange

Related posts | Guardian ongoing profits up 29%

TTSE: TCL climbs

Wednesday, 31 July 2013 | In one of the more active days on the Trinidad Exchange 1,684,120 shares traded at a value of $8,385,411 as 10 securities traded of which 4 advanced, 3 declined and 3 traded firm.

Trinidad Cement, which closed with the price jumping to $1.51 at the close, was by far the most dominant trade with 1,073,792 shares changing hands for a value of $1,438,904. The stock price, which is up 59 percent since IC Insider placed a buy rated signal on it, still has much room to run as it is selling at a very low PE ratio of around 2.5.

Jamaica Money Market Brokers traded 355,100 shares for $152,693 as the stock shed 2 cents to close at $0.43. One Caribbean Media, another IC Insider buy rated stock, accounted for 120,500 shares with a value of $2,170,205, while Ansa Merchant Bank added 101,124 shares valued at $3,903,386. Sagicor Financial Corporation stock gained 26 cents to end the day at $6.50 as 20,000 shares changed hands. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 5,725 shares valued at $122,343 and advanced by 1 cent to end at $21.37.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher than their last selling price, none had offers that were lower.TTSEJul31

TTSE: Trading picks up on Monday’s

Tuesday, 30th July 2013 | Activity picked up over the low level of Monday as trading took place in 10 securities of which 1 advanced, 6 declined and 3 traded firm. A volume of 456,515 shares crossed the floor of the Exchange valued at $9.59 million.

Jamaica Money Market Brokers traded 144,900 shares at a value of $65,205, Scotiabank Trinidad & Tobago had 115,770 shares traded for $8,106,215 as the stock closed back to $70.02 loosing 98 cents at the end of trading. Grace Kennedy contributed 93,471 shares with a value of $317,801 and lost 9 cents, the worse in the market and in the process closed at $3.40, while National Commercial Bank added 30,000 shares valued at $35,400. Clico Investment Fund, posted a volume of 40,580 shares valued at $866,789

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 4 stocks were higher than their last selling price, there were no stocks having offers that were lower.

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