More profits & stocks for WI Tobacco

October 26, 2018 by

Watch Witco stock in coming days

Pretax profit increased 10.2 percent at Trinidad based West Indian Tobacco to $438.7 million, for the nine months to September 2018, over the similar period in 2017 while Profit after tax increased 10 percent to $303 million over 2017, from increased revenues of 9.5 percent to $862 million from $787 million.
For the September quarter, revenues grew 6.4 percent to $292 million from $274 million and resulted in profit after tax rising 12.5 percent to $109.6 million. The company benefitted from improved gross profit margins in both periods, with 65 percent in the quarter versus 61.5 percent in 2017, while the nine months improved to 61.8 percent from 60.44 percent in 2017. Distribution cost more than doubled to $8.4 million in the quarter from $3.5 million in 2017 and rose sharply from $9.9 million in 2017 to September to $18.7 million. Administrative and other operating expenses declined for the quarter to $18 million from $23.7 million while the nine months rose from $68 million to $77 million.
Profit for the 2018 fiscal year, declined to $380 million from $515.5 million in 2016 as increased taxation on profits and cigarettes negatively impacted sales and the results.
Earnings per share for the quarter amounted to $1.30 and $3.60 for the nine months, with the full years likely to exceed $5 and resulting in a PE ratio of 18 times earnings.
The stock will be split into three shares for each existing one held by shareholders and will make the price and liquidity going forward, more attractive for investors. The stock last traded at $90 on the Trinidad and Tobago Stock Exchange.
The Board approved the payment of a third interim dividend of $1.17 per ordinary share payable on 26 November 2018, to shareholders of record at close of business on November 5.

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

TTSE makes gains on Thursday

October 25, 2018 by

Stocks mostly fell in trading on the Trinidad & Tobago Stock Exchange on Thursday, with trading in 15 securities against 13 on Wednesday, 4 advanced, 1 declined and 10 remained unchanged.
The market ended trading of 254,860 shares valued $1,543,091, compared to 190,234 shares valued $7,710,433 changing hands on Wednesday.
Trading closed, with the Composite Index gaining 1.62 points to 1,231.15. The All T&T Index fell 0.67 points to 1,697.12, while the Cross Listed Index gained 0.54 points to close at 102.92.
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 3 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, Agostini’s, Ansa McAl, Grace Kennedy, Republic Holdings, Point Lisas and West Indian Tobacco.
Stocks closing with gains| First Caribbean International Bank closed with a gain of 10 cents and completed trading at $8.50, with 575 units, First Citizens gained 5 cents and settled at $32.70, after exchanging 2,950 shares, JMMB Group finished trading with a gain of 2 cents at $1.63, after exchanging 100,000 shares and Republic Financial Holdings closed with an increase of 14 cents and ended at 52 weeks’ high of $106.50, after exchanging 4,383 shares.
Stocks closing with losses| Trinidad & Tobago NGL fell 20 cents to close at $29.30, in exchanging 750 shares.
Stocks trading with no price change| Clico Investments ended at $20.20, with 5,020 stock units changing hands, Grace Kennedy closed at $2.78, in swapping 26,950 stock units, Massy Holdings ended at $46.92, after exchanging 209 shares, National Enterprises closed at $8.96, with 7,611 stock units changing hands, National Flour completed trading of 47,679 units at $1.70, One Caribbean Media concluded activity at $12, after exchanging 200 shares, Prestige Holdings completed trading of 653 units at $7.50, Sagicor Financial ended at $7.52, with 57,500 stock units changing hands, Scotiabank completed trading at $64, with 130 units and Unilever Caribbean ended at $25.50, with 250 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Prices mostly down on TTSE – Wednesday

October 24, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Stocks mostly fell in trading on the Trinidad & Tobago Stock Exchange on Wednesday, with trading in 13 securities against 12 on Tuesday, 1 advanced, 3 declined and 9 remained unchanged.
The market ended trading of 190,234 shares valued $7,710,433, compared to 54,899 shares at a value of $524,117 changing hands on Tuesday. Just two securities accounted for the bulk of trading. Trinidad and Tobago NGL traded 88,442 shares for a value of $2,608,967 and West Indian Tobacco closed with of 50,349 shares traded for $4,531,410.
Trading closed, with the Composite Index lost 3.40 points to 1,229.53, the All T&T Index fell 2.20 points to 1,697.79, while the Cross Listed Index shed 0.63 points to close at 102.38.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, Agostini’s, Ansa McAl, Grace Kennedy, Republic Holdings,Point Lisas and West Indian Tobacco.
Stocks closing with gains|Republic Financial Holdings closed with a gain of 1 cent and ended at 52 weeks’ high of $106.36, after exchanging a mere 20 shares.
Stocks closing with losses| First Citizens ended trading 10 cents lower to end at $32.65, after exchanging 1,285 shares, NCB Financial Group concluded trading with a loss of 10 cents at $6, exchanging 605 shares and Scotiabank traded 115 units and closed with a loss of 75 cents at $64.
Stocks trading with no price change| Clico Investments completed trading at $20.20, with 7,821 stock units changing hands, Guardian Holdings settled at $16.90, trading 7,800 units, Massy Holdings ended at $46.92, after exchanging 300 shares, National Flour closed at $1.70, trading 3,400 units, Prestige Holdings traded 14,600 units in settling at $7.50, Sagicor Financial completed trading at $7.52, with 11,225 stock units changing hands, Trinidad & Tobago NGL ended at $29.50, after exchanging 88,442 shares, Trinidad Cement ended at $2.65, after exchanging 4,272 shares and West Indian Tobacco settled at $90, with 50,349 units changing hands.
EM>Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , ,

4 stocks up 1 down on TTSE on Tuesday

October 23, 2018 by

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Tuesday, with trading in 12 securities against 17 on Monday, with 4 advancing, 1 declining and 7 remaining unchanged.
The market ended trading of 54,899 shares at a value of $524,117, compared to 360,703 shares at a value of $3,202,642 changing hands on Monday.
Trading closed, with the Composite Index rising 0.10 points to 1,232.93, the All T&T Index gained 0.59 points to 1,699.99, while the Cross Listed Index shed 0.06 points to close at 103.01.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks to Watch include, a number of them that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group are, Agostini’s, Ansa McAl, Republic Holdings, Point Lisas and West Indian Tobacco.
Stocks closing with gains| Clico Investments gained 2 cents and settled at $20.20, with 9,496 stock units changing hands, First Citizens closed with an increase of 7 cents to end at $32.75, after exchanging 822 shares, Grace Kennedy rose 3 cents and settled at $2.78, with 750 stock units changing hands and Sagicor Financial closed with a rise of 1 cent at $7.52, with 17,007 stock units changing hands.
Stocks closing with losses| JMMB Group closed with a loss of 1 cent and completed trading at $1.61, after exchanging 14,715 shares.
Stocks trading with no price change| Guardian Holdings concluded trading of 5,000 units at $16.90, Massy Holdings completed trading at $46.92, after exchanging 614 shares, National Flour concluded market activity with 5,306 units being traded at $1.70, Scotiabank ended at $64.75, trading 219 units, Trinidad & Tobago NGL ended at $29.50, after exchanging 169 shares, Trinidad Cement completed trading at $2.65, after exchanging 708 shares and West Indian Tobacco concluded trading of 93 units at $90.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Just 1 gain for TTSE on Monday

October 22, 2018 by

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Monday, with trading in 17 securities against 18 on Friday, with 1 advancing, 8 declining and 7 remaining unchanged.
The market ended trading of 360,703 shares at a value of $3,202,642 compared to 276,756 shares at a value of $7,002,384 changing hands on Friday.
Trading closed, with the Composite Index declining 0.32 points to 1,232.83, the All T&T Index fell 0.68 points to 1,699.40, while the Cross Listed Index added just 0.01 points to close at 103.07.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 6 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks to Watch include, a number of them that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group are, Agostini’s, Ansa McAl, Republic Holdings and Point Lisas.
Stocks closing with gains| Republic Financial Holdings gained 35 cents and concluded trading at a 52 weeks’ high of $106.35, after exchanging 135 shares.
Stocks closing with losses| Clico Investments fell 17 cents and ended at $20.18, with 1,604 stock units changing hands, Guardian Holdings closed with a loss of 2 cents and completed trading at $16.90, with 12,000 units, JMMB Group shed 1 cent and ended at $1.62, after exchanging 5,176 shares, National Enterprises lost 5 cents and ended at $8.96, with 3,246 stock units changing hands, NCB Financial Group ended trading 5 cents lower and settled at $6.10, after exchanging 21,100 shares, Sagicor Financial concluded trading with a loss of 4 cents and ended at $7.51, with 2,000 stock units changing hands, Scotiabank ended with a loss of 10 cents and completed trading at $64.75, with 240 units and Trinidad Cement shares fell 5 cents to $2.65, after exchanging 50 shares.
Stocks trading with no price change| Angostura Holdings ended at $15.75, with a mere 2 stock units changing hands, Ansa Mcal completed trading at $55.50, with 2,336 units, First Citizens settled at $32.68, after exchanging 180 shares, Massy Holdings closed at $46.92, after exchanging 366 shares, National Flour completed trading at $1.70, with 50 units, Prestige Holdings traded 300,330 units at $7.50 and Trinidad & Tobago NGL settled at $29.50, after exchanging 11,888 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Fluid price movements on TTSE on Friday

October 19, 2018 by

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Friday, with the price of 6 security rising, 4 declining and 8 remaining unchanged.
The market ended trading of 276,756 shares at a value of $7,002,384 compared to 143,335 shares at a value of $2,574,472 changing hands on Thursday and ended with 18 securities changing hands, similar to the number trading on Thursday.
Trading closed, with the Composite Index declining 1.51 points to 1,233.15, the All T&T Index rose 1.10 points to 1,700.08, while the Cross Listed Index declined 0.57 points to close at 103.06.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 5 stocks ending with higher bids than the last selling prices and 3 with lower offers. The market closed with a number of stocks exhibiting a posture for moving higher in the days ahead, the group are, Agostini’s, Ansa McAl, Republic Holdings, Point Lisas, Trinidad and Tobago NGL and West Indian Tobacco with a 3 for 1 stock split to come to make the stock more attractive for investors to trade.

Watch Witco stock in coming days

Stocks closing with gains| Clico Investments gained 35 cents and ended at $20.35, with 525 stock units changing hands, Guardian Holdings added 2 cents and completed trading of 500 units at $16.92, National Enterprises increased 4 cents and ended at $9.01, with 770 stock units changing hands, Republic Financial Holdings rose 5 cents and ended trading at $106, after exchanging 48,007 shares, Scotiabank closed with a gain of 5 cents in trading 3,700 units at $64.85 and Trinidad & Tobago NGL gained 10 cents and settled at $29.50, exchanging 1,000 shares.
Stocks closing with losses| First Caribbean International Bank traded with a loss of 10 cents at $8.40, trading 7,500 units, First Citizens fell 7 cents and settled at $32.68, after exchanging 4,135 shares, Prestige Holdings closed with a loss of 4 cents and completed trading 2,663 units at a 52 weeks’ low of $7.50 and Sagicor Financial shed 14 cents and ended at $7.55 with 70,472 stock units changing hands.
Stocks trading with no price change| Angostura Holdings ended at $15.75, with 500 stock units changing hands, Ansa Merchant settled at $38.25, after exchanging 3,000 shares, Calypso Macro Index Fund traded 800 shares to close at $15.81, JMMB Group ended at $1.63, after exchanging 7,500 shares, National Flour completed trading at $1.70, with 15,928 units changing hands, NCB Financial Group settled at $6.15, after exchanging 108,531 shares, Trinidad Cement concluded at $2.70, in exchanging 962 shares and West Indian Tobacco completed trading of 263 units at $90.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

7 stocks fall on TTSE on Thursday

October 18, 2018 by

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Thursday, with the price of 1 security rising, 7 declining and 10 remaining unchanged.
The market ended trading of 143,335 shares at a value of $2,574,472 compared to 505,143 shares at a value of $9,376,075 changing hands on Wednesday and ended with 18 securities changing hands, against 13 trading on Wednesday.
Trading closed, with the Composite Index declining by 5.87 points to 1,234.66, the All T&T Index fell 5.69 points to 1,698.98, while the Cross Listed Index declined 0.83 points to close at 103.63.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks closing with gains| First Citizens rose by 10 cents to $32.75, after exchanging 1,376 shares.
Stocks closing with losses| Ansa Mcal dropped $1.49 and completed trading 18 units at $55.50, Grace Kennedy closed with a loss of 24 cents at $2.75, with 2,970 stock units changing hands, JMMB Group shed 7 cents to end at $1.63, after exchanging 45,892 shares, LJ Williams B share lost 5 cents and settled at 70 cents, after exchanging 100 shares, Republic Financial Holdings ended trading 5 cents lower at $105.95, after exchanging 590 shares, Scotiabank fell 5 cents and completed trading at $64.80, with 19,888 units and Trinidad Cement traded with a loss of 4 cents at $2.70, after exchanging 1,000 shares.
Stocks trading with no price change|Clico Investments closed at $20, with 13,600 stock units changing hands, First Caribbean International Bank completed trading 190 units at $8.50, Massy Holdings ended at $46.92, after exchanging 579 shares and trading at an intraday 52 weeks; low of $48.85. National Enterprises ended at $8.97, with 28,539 stock units changing hands, National Flour completed trading 2,728 units at $1.70, NCB Financial Group settled at $6.15, after exchanging 11,964 shares, One Caribbean Media concluded market activity at $12, after exchanging 1,868 shares, Prestige Holdings completed trading 533 units at $7.54, Trinidad & Tobago NGL settled at $29.40, after exchanging 10,000 shares and West Indian Tobacco completed trading of 1,500 shares at $90.
EM>Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

7 stocks rose on TTSE on Wednesday

October 17, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Stocks mostly rose in trading on the Trinidad & Tobago Stock Exchange on Wednesday, with the prices of 7 securities rising, 2 declining and 4 remained unchanged.
The market ended trading of 505,143 shares at a value of $9,376,075 compared to 530,843 shares at a value of $24,133,808 changing hands on Tuesday and ended with 13 securities changing hands, against a same number trading on Tuesday.
Trading closed, with the Composite Index rising 1.68 points to 1,240.53, the All T&T Index adding 1.48 points to 1,704.67, while the Cross Listed Index rose 0.26 points to close at 104.46.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks closing with gains| Clico Investments rose 49 cents and ended at $20, with 307,017 stock units changing hands, Guardian Holdings closed with a gain of 1 cent and completed trading 124,882 units at $16.90, National Flour gained 5 cents and ended trading 15,000 units at $1.70, NCB Financial Group finished trading with 5 cents and settled at $6.15, after exchanging 25,980 shares, Prestige Holdings closed with an increase of 2 cents and completed trading at $7.54, with 410 units, Trinidad & Tobago NGL added 10 cents and settled at $29.40, after exchanging 16,700 shares and West Indian Tobacco closed with a rise of 1 cent and completed trading of 971 units at $90.

Stocks closing with losses|Massy Holdings traded with a loss of 8 cents and closed at $46.92, after exchanging 3,153 shares and Scotiabank fell 4 cents and completed trading of 2,175 units at $64.85.
Stocks trading with no price change|JMMB Group ended at $1.70, after exchanging 2,248 shares, Republic Financial Holdings concluded trading at $106, after exchanging 611 shares, Sagicor Financial ended at $7.69, with 5,350 stock units changing hands and Unilever Caribbean ended at $25.50, trading 646 stock units.
EM>Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

More bucks hit TTSE market – Tuesday

October 16, 2018 by

Trading on the Trinidad & Tobago Stock Exchange resulted in more than twice the amount of funds involved in the market on Tuesday, than the amount on Monday but with slightly less volume.
The market ended trading of 530,843 shares at a value of $24,133,808 compared to 674,102 shares at a value of $11,376,325 changing hands on Monday and ended with 13 securities changing hands, against 20 trading on Monday with the price of 3 rising, 3 declining and 7 remaining unchanged.
Trading closed, with the Composite Index rising 9.15 points to 1,238.85, the All T&T Index adding 0.04 points to 1,703.19, while the Cross Listed Index rose 2.53 points to close at 104.20.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks closing with gains| Clico Investments rose 1 cent and settled at $19.51, with 11,063 stock units changing hands, NCB Financial Group added 36 cents and ended at $6.10, after exchanging 5,130 shares and Trinidad & Tobago NGL increased 2 cents and ended at $29.30, trading 38,204 shares.
Stocks closing with losses|Angostura Holdings share fell 1 cent and settled at $15.75, with 178,717 stock units valued at $.8 million changing hands, Republic Financial Holdings shed 1 cent and completed trading at $106, after exchanging 70,412 shares valued $7,463,830 and West Indian Tobacco lost 1 cent and concluded trading of 22 shares at $89.99.
Stocks trading with no price change| Ansa Merchant ended at $38.25, after exchanging 55,722 shares with a value of $2.15 million, Calypso Macro Index Fund traded 2,835 shares to close at $15.81, First Citizens ended at $32.65, after exchanging 625 shares, Massy Holdings completed trading at $47, after exchanging 2,720 units, National Enterprises settled at $8.97, with 2,500 stock units changing hands, One Caribbean Media completed trading at $12, after exchanging 8,132 shares and Scotiabank concluded trading at $64.89, with 154,761 units valued $10,042,335.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , ,

Witco jumps $1 in TTSE trading – Monday

October 15, 2018 by

3 for 1 stock split coming for Witco

West Indian Tobacco climbed $1 in exchanging just 32 shares, to end at $90 in trading on the Trinidad & Tobago Stock Exchange on Monday as investors await the result of the 3 for 1 stock split vote on October 30.
The market enjoyed heightened levels of participating securities trading on Monday with 20 securities changing hands including two with just 3 units each, against 19 trading on Friday.
Trading closed with the price of 5 rising, 4 declining and 11 remaining unchanged, leading to the Composite Index rising 0.32 points to 1,229.70, the All T&T Index adding 0.75 points to 1,703.15, while the Cross Listed Index shed 0.02 points to close at 101.67.
The market ended trading of 674,102 shares at a value of $11,376,325 compared to 184,966 shares at a value of $3,912,783 changing hands on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 7 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks closing with gains| First Caribbean International Bank gained 1 cent and concluded trading 1,000 units at $8.50, Guardian Holdings rose 14 cents to $16.89, with 59,854 units trading, National Enterprises finished trading after an increase by 1 cent and settled at $8.97, with 60,000 stock units changing hands and Scotiabank ended trading with an increase of 4 cents at $64.89, with 159 units changing hands.
Stocks closing with losses| First Citizens shares fell 5 cents and ended at $32.65, after exchanging 16,783 shares, Sagicor Financial share fell 1 cent and settled at $7.69, trading 453 stock units, Trinidad & Tobago NGL shed 3 cents and ended at $29.28, after exchanging 13,184 shares and Trinidad Cement lost 1 cent and completed trading at $2.74, after exchanging just 3 shares.
Stocks trading with no price change| Ansa Mcal concluded trading of 140,003 units at $56.99, Ansa Merchant ended at $38.25, after exchanging a mere 3 shares, Calypso Macro Index Fund traded 871 shares to close at $15.81, Clico Investments settled at $19.50, with 18,426 stock units changing hands, JMMB Group completed trading at $1.70, after exchanging 4,580 shares, Massy Holdings completed trading at $47, after exchanging 2,355 shares, National Flour concluded trading at $1.65, with 7,687 units, One Caribbean Media completed trading at $12, after exchanging 4,105 shares, Prestige Holdings concluded market activity at $7.52, with 2,958 units, Republic Financial Holdings completed trading at $106.01, after exchanging 3,058 shares and Unilever Caribbean settled at $25.50, with 244 stock units changing hands.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,