Trinidad stocks had a steady week

October 23, 2024 by

The Trinidad and Tobago Stock Exchange closed the week with only a few points changing in the market indices after the week ended with 7 stocks rising and 5 declining, with the PE ratios of the majority of stocks remaining very attractive with big upside gains ahead, with a slight improvement over the prior week with declining stocks edging out those rising 9 to 8.

The average PE ratio of the market is 11.1 compared to 5.4 based on the current year’s earnings. The huge difference between the two shows how undervalued the market currently is and the extent of the upside that lies ahead.

Winning stocks of note for the week are Ansa McAl up $2.79, Republic Holdings up 43 cents and Guardian Holdings with a gain of 25 cents. CinemaOne fell 40 cents and Unilever Caribbean lost 24 cents were the two declines of note.

Several stocks could gain more than 100 percent when the market comes back to life, these include, First Caribbean with a possible gain of 240 percent, Guardian Holdings at 500 percent, Republic Holdings at 120 percent, Massy Holdings at 120 percent, Prestige Holdings at 100 percent, Trinidad Cement with 280 percent, Eric Solis 400 percent and One Caribbean Media with 285 percent.

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Trinidadian stocks highly undervalued

July 23, 2024 by

Stocks listed on the Trinidad and Tobago Stock Exchange are mostly undervalued, investors in that market are not jumping to buy up the undervalued stocks that are on heavy discount.
Last week 11 stocks declined and just 3 rose moderately in a continuation of multi-year decline in the market.
During the week, Ansa McAl dropped $4.98, Republic fell 85 cents, Unilever was down 61 cents and Prestige Holdings fell $1.28.
At the close of the week, the PE ratio of several stocks remained low, with indications that gains in the future could be attractive.
The attached chart shows the earnings of Trinidadian listed companies on the Trinidad Stock Exchange, their PE ratio and price movements last week. The PE ratio chart is a guide to help investors with a benchmark to evaluate stocks with the best potential for gains.

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Stocks closed down on TTSE – Friday

May 11, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Trading on the Trinidad & Tobago Stock Exchange ended on Friday with an exchange of 14 securities against 16 on Thursday, with 2 advancing, 4 declining and 8 remaining unchanged.
The market ended with 407,729 units valued at $7,221,428 compared to 83,130 shares at a value of $1,588,413 trading on Thursday.
At close of the market the, Composite Index the Composite Index fell 3.14 points on Friday to 1,238.59, the All T&T Index fell 1.74 points to 1,715.23, while the Cross Listed Index fell 0.63 points to close at 102.49. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Guardian Holdings finished 5 cents higher and settled at $15.30, after exchanging 52,314 shares and Republic Financial Holdings rose 1 cent and ended at $101.69, with 7,889 stock units changing hands.
Losses| Clico Investments shares fell 10 cents and completed trading at $20.10, with 29,890 units, JMMB Group fell 5 cents and ended at $1.75, with 77,724 stock units changing hands, Trinidad Cement shed 24 cents and settled at $2.75, after exchanging 6,892 shares and Unilever Caribbean lost 95 cents and ended at $34, after exchanging 2,151 shares.
Firm Traded| Angostura Holdings ended at $15.75, with 20 stock units changing hands, First Citizens concluded trading at $35, after exchanging 35,019 shares, Grace Kennedy completed trading at $3.15, with 11,000 units, Massy Holdings ended at $47.27, with 48,662 stock units changing hands, NCB Financial Group concluded market activity at $5.50, after exchanging 76,942 shares, One Caribbean Media ended at $12.40, with 450 stock units changing hands, Sagicor Financial completed trading at $7.75, with 42,483 units and Trinidad & Tobago NGL finished trading at $29.05, with 16,293 units exchanged.

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

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Unilever shareholders’ pain

November 19, 2017 by

Unilever stock is set for huge drop on the Trinidad & Tobago Stock Exchange

Unilever shareholders face a torrid time as very poor profit result in 2017 drove the stock price vastly lower than in 2016 and the price is poised to sink even lower as profits for the year cannot support the relatively high stock price.
Unilever profit peaked in 2013 and declined each year since but the stock price kept on rising and peaking in December 2015 at $68.30. Infrequently traded, the stock has been on a slide from 2016, but limited trading and the deep fall in profit made the downward price adjustment long and drawn out as many investors don’t like taking losses, hoping that tomorrow will be better.

Profit of Unilever Caribbean has almost evaporated in 2017.

Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year but the September quarter saw profit falling to just $169,000 with year to date profit of $7 million compared to $30 million for the nine months to September 2016. Full year results are unlikely to exceed the $7 million mark by much. The earnings per share which is 27 cents at September should end the year around 30 cents. The stock which last traded at $38.75, is priced at a PE ratio around 130 times 2017 earnings, the clearest indication of a huge fall in the price to come.
Profit peaked at $70 million in 2013 slipped in 2014 to $47 million in 2015 and $42.5 in 2016 and looks set to plummet in 2017 as indicated above as revenues has fallen sharply during the year. Fortunately, the company cut back on cost in the September quarter with administrative expenses falling from $7 million to $5.5 million and selling and distribution cost was $8 million lower than in 2016.
Revenues reached a high of $588 million in 2014, dipped to $549 million in 2015, recovered a bit in 2016 to $566 million and is set to hover under $500 million for 2017, with nine months inflows of $410 million and $109 million for the quarter compared to $136 million in 2016. To be fair to the company, the impact of hurricane on some of the countries they sell to affected sales in the latest quarter, making an already bad situation worse.
Part of the austerity plan effected was a cut in dividend which was slashed from a high of $1.95 in 2013 it fell to $1.77 in 2014 then to $1.20 in 2015 and rose modestly to $1.25 in 2016.
Investors should keep a keen eye on the stock when it hits a low under $20 that it seems to be heading for as it could then present a good opportunity for recovery when the time is right.

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Prices continue down on TTSE – Thursday

December 17, 2015 by

Guardian is the only stock to gain in trading on Thursday

Guardian is the only stock to gain in trading on Thursday

Stock prices continue to mostly fall, with low investors’ interest in securities listed on the Trinidad and Tobago Stock Exchange on Thursday. the low level of interest led to low volumes and with only 7 active securities and the fall in the prices of 4 stocks with only 1 gaining and 2 remaining unchanged.
Activity ended with 108,171 shares changing hands valued at $1,521,787. One stock closed at 52 weeks’ low. At the close, the Composite Index ended with a fall of 1.53 points to 1,159.06, the All T&T Index fell 0.53 points to 1,949.43 and the Cross Listed Index slipped 0.34 points to 48.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| Guardian Holdings was the sole stock rising with 10,493 shares traded with a gain of 3 cents to end at $13.10.
TTSE 17-12-15 Declines| First Citizens Bank lost 1 cents while 100 shares changing hands, at $34.98, Guardian Media traded 47,310 shares but lost 1 cent end at $19.75, Massy Holdings traded 200 units and lost 3 cents to end at a 52 weeks low of $61.50. National Commercial Bank lost 5 cents to end with 49,143 units changing hands at $2.05 and Unilever fell 10 cents with 4,533 units changing hands at $68.15
Firm Trades| Clico Investments traded 6,835 units to close at $22.75 and West Indian Tobacco closed at $126 with 50 shares changing hands.

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9 down on TTSE – Tuesday

December 15, 2015 by

Massy Holdings ended at a new 52 weeks' low on Tuesday

Massy Holdings ended at a new 52 weeks’ low on Tuesday

Prices declined across an array of stocks as 9 stocks fell and only 1 rose in trading, on the Trinidad and Tobago Stock Exchange, when the market closed on Tuesday. Activity ended with 13 active securities comprising 169,315 shares changing hands valued at $2,875,517. A total of 4 stocks closed at 52 weeks’ low.
At the close, the Composite Index ended with a fall of 1.82 points to 1,162.13, the All T&T Index fell 0.60 points to 1,952.95 and the Cross Listed Index slipped just 0.42 points to 48.85.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Gains| Guardian Holdings traded 6,872 shares with a gain of 4 cents to end at $13.07 to be the sole stock rising, at the close of the market.
Declines| Agostini’s traded 13,500 shares with a loss of 4 cents, to end at a 52 weeks’ low of $17.20. Angostura Holdings ended with 200 shares changing hands with a loss of 1 cent at $13.97, First Citizens Bank ended with 520 shares changing hands, with a loss of 2 cents at $34.98, Massy Holdings traded 21,828 units but lost 6 cents to end at a 52 weeks low of $61.60.TTSE 15-12-15 National Commercial Bank ended with 100,000 units changing hands with a loss of 6 cents at $2.10, National Flour lost 1 cent with 250 shares changing hands, to close at $2.70, Republic Bank suffered a loss of 5 cents to close at $111.95 with 57 shares changing hands. Scotiabank with 5,535 shares closed at $61.99 having a loss of 1 cent and Trinidad and Tobago NGL slipped 11 cents in trading 1,830 units to close at a 52 weeks low of $$21.39.
Firm Trades| Clico Investments traded 14,838 shares to close at $22.75, Guardian Media traded 288 shares at $19.76 and Unilever had 3,597 units changing hands at $68.20.

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6 stocks rose on TTSE – Tuesday

December 8, 2015 by

NCB closed at a new high of TT$2.11 on Tuesday on the TTSE

NCB closed at a new high of TT$2.11 on Tuesday on the TTSE

Six stocks rose in trading on the Trinidad and Tobago Stock Exchange at the end on Tuesday as 15 securities changed hands, 4 stocks declined and 5 traded unchanged as 2 stocks closed at 52 weeks’ high and 2 at 52 weeks’ low. The volume traded was 878,992 shares for a value of $6,486,412.
At the close, the Composite Index ended with a rise 1.74 points to 1,164.11 the All T&T Index fell 1.44 points to 1,956.55 and the Cross Listed Index gained 0.68 points to 48.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 3 cents to end at $13.03 with 500 units changing hands, JMMB Group closed with 280,876 shares changing hands at 50 cents, after rising 3 cents, National Commercial Bank rose by 11 cents while trading 200,000 shares carrying a value of $422,000 at $2.11, for a 52 weeks’ high. Scotiabank ended with 18,025 shares with a value of $1,125,890 changing hands at $62.50 after climbing 50 cents, Sagicor Financial ended with 39,287 units changing hands, 1 cent up at $6.15 and Unilever closed with a rise of 2 cents with 300 shares changing hands at $68.20 for a 52 weeks’ high.
Declines| Agostini’s traded 1,000 shares at $17.25 with a fall of 74 cents to close at a 52 weeks’ low. Grace Kennedy dropped 14 cents while trading 14,201 units with a value of $512,143 at $3.61,TTSE 8-12-15 Massy Holdings traded 555 shares and lost 27 cents in closing at $61.65 to a new 52 weeks’ low and Trinidad Cement traded 11,540 units and closed at $4.55 after losing 13 cents.
Firm Trades| Clico Investment Fund posted 537 shares and closed at $22.75, First Citizens Bank traded 516 shares to close at $35, National Enterprises closed with 1,830 shares changing hands at $16.39. National Flour closed with 2,800 shares changing hands at $2.75 and Trinidad and Tobago NGL traded 179,025 shares valued at $3,849,037, to close at $21.50.

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3 stocks trade at new highs – Tuesday

December 1, 2015 by

National Four trades at a 52 weeks' high with a gain of 25 cents.

National Flour trades at a 52 weeks’ high with a gain of 25 cents.

Trinidad Cement traded on the Trinidad and Tobago Stock Exchange at a 52 weeks’ high, as well as National Flour and Unilever. Trading ended with 13 active securities with the prices 5 rising and 4 declining and 4 trading unchanged. The volume changing hands was 478,946 shares for a value of $5,480,768.
At the close, the Composite Index ending with a rise of 3.03 points at 1,160.34 the All T&T Index advanced by 2.51 points to 1,957.63 and the Cross Listed Index gained 0.49 points to 47.72.
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 1 cent in trading 1,300 units at $12.92, National Commercial Bank gained 5 cents in trading 22,331 shares at $1.90. National Flour ended with 50,349 shares changing hands at $2.75, after rising 25 cents to a 52 weeks’ high, Trinidad Cement ended at a new 52 weeks’ high of $4.75 after gaining 42 cents and Unilever Caribbean ended with 810 shares trading 2 cents up, for a new 52 weeks’ high of $68.17.
Declines| Angostura Holdings with 5,763 shares changing hands, closed with a loss of 1 cent at $13.99, Clico Investment Fund posted 59,044 shares valued at $1,339,490 and closed with a loss of 1 cent at $22.68. TTSE 1-12-15Massy Holdings with 1,110 shares lost 1 cent in closing at $61.93 for a 52 weeks’ low and Trinidad and Tobago NGL slipped 20 cents in trading, to close at $21.50 with 126,068 shares valued at $2,714,920 units changing hands.
Firm Trades| First Citizens Bank traded 250 shares to close at $35, National Enterprises with 300 shares changing hands at $16.39, Prestige Holdings with 3,825 units changing hands, ended at $10.10 and Sagicor Financial Corporation closed with 980 shares changing hands at $6.06.

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National Gas dominates TTSE

October 22, 2015 by

NGL 19-10-15 Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Thursday to close with the loss of $1 at $24 with 845,026 shares valued at $20,833,109 changing hands. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24.
Activity elsewhere on the Stock Exchange, on Thursday ended with 7 securities trading. At the close, there was 1 stock closing higher, 1 declined and 5 remained unchanged as a total of 880,448 units traded, valued at $21,422,006 changed hands.
At the close the Composite Index ending with a fall of 0.41 points at 1,152.09, the All T&T Index gained 0.82 points to 1,957.51 and the Cross Listed Index remained at 45.48.
Gains| Unilever closed with 450 shares trading to end at $67.27 with a rise of 1 cent to close at a new 52 weeks’ high.
Firm Trades| Angostura Holdings had 842 shares changing hands with the TTSE sum 22-10-15price to close at $14, First Citizens Bank traded 1,704 shares and closed at $35. Guardian Holdings closed with 30,701 shares valued at $402,797 changing hands, to end at $13.12, Republic Bank traded 725 units to close at $112 and Trinidad Cement had 1,000 units changing hands at $3.20.
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 6 stocks with offers that were lower.

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Moderate trading in Trinidad

September 28, 2015 by

Trading on the Trinidad & Tobago Stock Exchange on Monday saw very moderate market activity with the market closing having only 6 securities trading with 1 stocks trading higher, none declining and 5 remained unchanged as a total of 53,570 units traded, valued at $1,585,372.
At the close the Composite Index ending with a modest gain of 0.03 at 1,147.51, the All T&T Index rose 0.06 to 1,950.01 and the Cross Listed Index remained at 45.27.
TTSE 28-9-15 Gains| Unilever was the sole stock rising with gain of 1 cent but just 17 shares traded to end with at a new 52 weeks’ high of $67.21.
Firm Trades| Clico Investment Fund closed with 5,300 shares changing hands at $22.50, First Citizens Bank traded 22,672 shares valued at $793,744 to close at $35, Republic Bank had 444 shares changing hands at $112, Scotiabank traded 9,137 shares, valued at $571,063 to end at $62.50 and Trinidad Cement had 16,000 shares changing hands and ended at $3.15.
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 7 stocks with offers that were lower.

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