DOCSLIB.ORG

An RBC Company

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
An RBC Company An RBC Company Weekly Weekly Year to Nominal % Date % 6-Sep-19 13-Sep-19 Change Change Change Composite Index 1,395.38 1,391.83 (3.55) -0.25% 6.82% All T&T Index 1,751.68 1,749.99 (1.69) -0.10% 2.65% Cross Listed Index 140.81 140.05 (0.76) -0.54% 15.03% SME Index 73.10 80.00 6.90 9.44% -20.00% First Tier Market Weekly Volume Weekly Value 1,460,841 $18,877,407.65 Volume Leader Shares % Market GKC 265,280 18.16% NCBFG 247,683 16.95% NGL 187,729 12.85% Opening Closing Price Change Change Week's Major Advances Price ($) ($) $ % NFM $1.64 $1.68 $0.04 2.44% NGL $24.49 $25.00 $0.51 2.08% GHL $18.01 $18.22 $0.21 1.17% Opening Closing Price Change Change Week's Major Declines Price ($) ($) $ % TCL $2.25 $2.11 -$0.14 -6.22% NEL $6.00 $5.70 -$0.30 -5.00% PHL $8.40 $8.10 -$0.30 -3.57% Mutual Fund Market Weekly Volume Weekly Value 62,807 $1,513,476.29 Security Shares Value CALYP 120 $1,860.00 CIF 62,687 $1,511,616.29 Exchange Rate US$1=TT$6.7493 US$1=JMD$137.7675 EQUITY SUMMARY This week saw 1,460,841 shares traded on the First Tier Market a decrease of 7.77 per cent on last week’s total of 1,583,980 shares crossing the floor. The value of the shares traded was down by 18.40 per cent to $18,877,407.65 from the previous week’s value of $23,134,591.60. For the second consecutive week, GraceKennedy Limited (GKC) was the volume leader capturing 18.16 per cent of the market activity or 265,280 shares traded, followed by NCB Financial Group Limited (NCBFG) with 16.95 per cent or 247,683 shares traded. In third place for the second consecutive week was Trinidad and Tobago NGL Limited (NGL) with 12.85 per cent or 187,729 shares traded. The Indices ended the week in mixed territory. The Composite Index decreased by 0.25 per cent or 3.55 points to close at 1,391.83. The All Trinidad and Tobago Index fell by 0.10 per cent or 1.69 points to end at 1,749.99. The Cross Listed Index closed at 140.05, down 0.54 per cent or 0.76 points. The Small and Medium Enterprise 1 | Page An RBC Company Index ended at 80.00, up 9.44 per cent or 6.90 points. This week there were 7 stocks advancing and 9 stocks declining, while 6 stocks were at their 52 week high and 5 stocks at their 52 week low. The major advance was National Flour Mills Limited (NFM) up 2.44 per cent or $0.04 to close the week at $1.68. In second place was NGL with an increase of 2.08 per cent or $0.51 to close at $25.00, followed by Guardian Holdings Limited (GHL) up 1.17 per cent or $0.21 to close at $18.22. Trinidad Cement Limited (TCL) was the major decline this week, down 6.22 per cent or $0.14 to close at $2.11, followed by National Enterprises Limited (NEL) with a decrease of 5.00 per cent or $0.30 to close at $5.70, its 52 week low. In third place was Prestige Holdings Limited (PHL) down by 3.57 per cent or $0.30 to close at $8.10. There was no activity on the Second Tier Market this week. On the TTD Mutual Fund Market 62,687 CLICO Investment Fund (CIF) units traded with a value of $1,511,616.29. CIF’s unit price closed at $24.11, a decrease of 0.12 per cent or $0.03 from last week. Also, 120 units in Calypso Macro Index Fund (CALYP) traded with a value of $1,860.00. CALYP price closed at $15.50, unchanged from the previous week. On the Small and Medium Enterprise Market, CinemaOne Limited (CINE 1) closed the week at $8.00, up 9.44 per cent or $0.69 from last week with 196 shares traded valued at $1,568.00. On the USD Equity Market, MPC Caribbean Clean Energy Limited (MPCCEL) closed at US$1.00 with no shares traded. Dividend/Capital Distribution Payments Security Amount Ex-Div. Date Record Date Payment Date GHL $0.24 (I) 19.08.19 21.08.19 10.09.19 NGL $0.50 (I) 21.08.19 23.08.19 10.09.19 GKC** $0.40 (I) 04.09.19 06.09.19 26.09.19 MPCCEL* $0.089 (I) 12.09.19 16.09.19 27.09.19 OCM $0.20 (I) 05.09.19 09.09.19 30.09.19 AMBL $0.20 (I) 23.09.19 26.09.19 07.10.19 CALYP $0.20 (I) 11.09.19 13.09.19 07.10.19 SBTT $0.50 (I) 18.09.19 20.18.19 15.10.19 FCI* $0.0125 (I) 18.09.19 20.09.19 18.10.19 AMCL $0.30 (I) 23.10.19 25.10.19 06.11.19 **Dividends of cross listed companies are quoted in their national currencies. * Dividends quoted in US dollars. FIXED INCOME SUMMARY Trinidad and Tobago OMO’s and Treasury Bills . OMO maturities totaled $1,294MM this week, compared to zero last week. OMO maturities for next week total $415MM. 2 | Page An RBC Company Government Bonds . One bond traded on the Trinidad and Tobago Stock Exchange, Government Bond Trading Market this week. TRINIDAD & TOBAGO GOVERNMENT BOND LEVELS CLOSING LAST TRADE FACE VALUE SYMBOL SECURITY MATURITY COUPON TRADE VALUE PRICE YIELD TRADED I276 $2,500M GORTT 27-Sep-27 5.20% $108.58 3.94% $4,000,000.00 $4,343,000.00 Corporate Bonds TRINIDAD & TOBAGO CORPORATE BOND LEVELS CLOSING LAST FACE PRICE TRADE OFFER BID OFFER SYMBOL MATURITY COUPON TRADE VALUE BID LEVEL as at VALUE LEVEL YIELD YIELD YIELD TRADED 13.09.2019 NIF090823 09/08/2023 4.50% $102.00 3.94% $2,000.00 $2,040.00 $102.00 - 3.94% - NIF090830 09/08/2030 5.70% $102.20 5.43% $3,000.00 $3,066.00 $102.00 - 5.43% - NIF090838 09/08/2038 6.60% $106.10 6.06% - - $106.00 - 6.06% - Liquidity . The Commercial Banks closed this week with an excess reserve of $6.7 B compared to $5.5 B last week, up by $1.2 B. Regional News . (Bloomberg) – Jamaica is returning to the global bond market in a test of investor demand for higher-risk developing- nation paper as it emerges from years of International Monetary Fund-led austerity programs that helped it cut one of the world’s highest debt loads. The government is selling more of its outstanding 7.875% securities due in 2045, with the deal expected to price Wednesday. It will use proceeds from the sale to repurchase shorter-term notes, according to a regulatory filing. The Finance Ministry did not respond to an email request for comment. The Caribbean country of 3 million has won over investors since restructuring its debts in 2013 and accepting a loan package from the IMF that set strict fiscal targets. The latest agreement with the IMF, a stand-by loan, is set to expire in November. The sale will gauge investor demand for speculative grade emerging-market sovereign paper just weeks after Argentina announced its intention to reprofile more than $100 billion of debt, including international bonds. 3 | Page An RBC Company United States Treasury Bills . The yield on 2-year notes opened at 1.60 per cent and closed this week at 1.80 per cent, up 20 basis points (bps). The yield on 10-year notes opened at 1.65 per cent and closed this week at 1.89 per cent, up 24 basis points (bps). News . (Bloomberg) - Treasuries extended their September tumble, sending the benchmark 10-year yield to its highest level since early August, amid stronger than expected U.S. economic data. Bonds slid to session lows after the University of Michigan Sentiment Index beat estimates, while August retail sales topped forecasts, buoying confidence in the economic expansion. Yields across the curve rose, with the 10 year surging as high as 1.89%, up from a three-year low of 1.43% early this month. Traders also pared expectations for how much the Federal Reserve will lower rates, and now see less than a half point of additional easing by year end. At one point last month, the market had priced in almost 70 basis points of further cuts in 2019 as trade friction mounted. (Bloomberg) – Central banks around the world are easing to combat the spreading weakness, with the U.S. Federal Reserve likely to lower rates next week for the second time this year. The International Monetary Fund reduced its global growth outlook in July. CARIBBEAN INDICATIVE BOND LEVELS BID OFFER BID OFFER COUNTRY MATURITY COUPON RATING LEVEL LEVEL YIELD YIELD Aruba 09/14/2023 4.625% BBB+ 104.00 105.00 3.54% 3.28% Barbados 15/12/2021 7.250% D 63.00 66.00 30.06% 27.54% 04/08/2022 7.000% D 63.00 66.00 24.41% 22.48% Trinidad and Tobago 01/07/2020 9.750% BBB 105.75 106.75 2.34% 1.13% 16/01/2024 4.375% BBB 103.25 104.25 3.56% 3.31% 04/08/2026 4.500% BBB 103.50 104.50 3.91% 3.75% 17/05/2027 5.875% BBB 110.00 111.50 4.33% 4.11% Jamaica 01/15/2022 11.625% B 121.50 122.75 2.11% 1.62% 10/17/2025 9.250% B 127.50 128.50 4.10% 3.94% 02/28/2036 8.500% B 129.25 130.25 5.73% 5.65% NGCTT 15/01/2036 6.050% BBB 102.50 104.00 5.81% 5.67% Trinidad Generation Unlimited 11/04/2027 5.250% BBB- 101.50 102.50 5.02% 4.87% Petrotrin 08/05/2022 6.000% BB 100.00 101.00 6.00% 5.58% 15/06/2026 9.750% N/A 112.75 113.75 7.34% 7.16% Sagicor 11/08/2022 8.875% BB- 104.50 105.50 7.13% 6.75% Oppenheimer Indicative Levels.
Load more

Recommended publications
  • OCM Annual Report 2018 ALL Pages FINAL
    ONE CARIBBEAN MEDIA LIMITED | ANNUAL REPORT 2018 ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Ofcer’s Statement ..................................................................... Page 8 OCM CSR Initiatives 2018 ....................................................................................................Page 10 Board of Directors ..................................................................................................................Page
    [Show full text]
  • Aspiration Statement
    ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS CORPORATE INFORMATION Corporate Information ...................................................................................................................... 3 HEAD OFFICE BOARD OF DIRECTORS Express House The Brands ............................................................................................................................................. 4 35 Independence Square, Port of Spain CHAIRMAN Chairman’s Statement ........................................................................................................................ 6 Trinidad and Tobago Tele: 868-623-1711-8, 868-627-8806 Sir Fred Gollop Q.C. Group Chief Executive Ofcer’s Statement ................................................................................ 8 Fax: 868-627-2721 Celebrating Our Tenth
    [Show full text]
  • Annual Report 2006
    CONTENTS OUR VISION To be an effective regulator of the capital market in which stakeholders have confidence. 1 Letter of Transmittal OUR MISSION 2 Functions of the Commission The Trinidad and Tobago Securities and 4 Message from the Chairman Exchange Commission is the regulatory agency for the Securities Industry. We administer 10 General Manager’s Remarks the Securities Industry Act to protect the investor, promote integrity and transparency and foster the development of the capital 14 Management Discussion market through a committed and competent team of professionals. 15 I Protecting the Investing Public 24 II Promoting Efficient and Orderly Markets 26 III Improving Business Capability 29 Appendices 45 Auditors’ Report 46 Financial Statements 55 Additional Information Letter of Transmittal January 3st, 2007 The Honourable Patrick Manning Prime Minister and Minister of Finance Whitehall 9 Maraval Road PORT OF SPAIN Dear Honourable Prime Minister, In accordance with the provisions of Section 20() of the Securities Industry Act, 1995, I submit the Annual Report of the Trinidad and Tobago Securities and Exchange Commission for the financial year ended September 30th, 2006 together with a copy of the Annual Audited Statement of Accounts certified by the auditors. I would be grateful if you could advise me when the report is laid in Parliament, as the Act requires that copies be made available to the public after it has been so laid. Yours faithfully, OSBORNE NURSE Chairman Functions of THE Commission The Trinidad and Tobago Securities and Exchange Commission (the Commission) was established by the Securities Industry Act, 1995 (the Act). It is an autonomous body whose role is to provide for the regulation of the securities market in Trinidad and Tobago and for related matters.
    [Show full text]
  • Circular to Shareholders
    1 Circular to Shareholders Circular to Shareholders This Circular is being circulated to shareholders in accordance with the requirements of the Companies Act, Chap 81:01 and the Security Act, 2012 as amended. The notice convening the special meeting of Shareholders together with the information on the Proposed Restructuring and a form of proxy are enclosed within this Circular. Wednesday June 3, 2015 Republic Bank Limited (A Company incorporated in the Republic of Trinidad and Tobago and continued under the provisions of the Companies Act Chap 81:01 of the Revised Laws of the Republic of Trinidad and Tobago) 2 3 Republic Bank Limited Circular to Shareholders Corporate Table of Information Contents Registered Office Attorneys-at-Law 4 Chairman’s Letter Republic House Pollonais, Blanc, de la Bastide & Jacelon 9-17 Park Street, Port of Spain Pembroke Court 6 Forward-Looking Statements Trinidad and Tobago, West Indies 17-19 Pembroke Street Port of Spain 8 Notice of Special Meeting Group Head Office Trinidad and Tobago, West Indies Republic House 10 Annex to Notice of Special Meeting PO Box 1153 J.D. Sellier & Company 9-17 Park Street, Port of Spain 129-131 Abercromby Street 13 Explanatory Statement Trinidad and Tobago, West Indies Port of Spain 14 Proposed Mechanism to Incorporate a Holding Company Tel: (868) 625-4411, 623-1056 Trinidad and Tobago, West Indies Fax: (868) 624-1323 17 Details on Proposed Ammendment to By-Laws Swift: RBNKTTPX Hobsons Email: [email protected] Hobsons Court 18 Structure Prior to Reorganization, Republic Bank
    [Show full text]
  • One Caribbean Media Limited Annual Report 2017
    ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Officer’s Statement ..................................................................... Page 8 Meet Our Newest Team Members .................................................................................... Page10 OCM CSR Initiatives 2017 ....................................................................................................Page
    [Show full text]
  • Onecaribbean Media Limited
    ONE CARIBBEAN MEDIA LIMITED | ANNUAL REPORT 2018 ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS Corporate Information ........................................................................................................... Page 3 The Brands .................................................................................................................................. Page 4 Chairman’s Statement ............................................................................................................. Page 6 Group Chief Executive Officer’s Statement .....................................................................Page 8 OCM CSR Initiatives 2018 ....................................................................................................Page 10 Board of Directors ..................................................................................................................Page
    [Show full text]
  • 2015 Annual Report
    ASPIRATION STATEMENT To be the leading regional corporation with global reach serving as the most credible and authoritative source of news, information and entertainment in and of the Caribbean. To take the leadership role in the development of the media industry by: • Zealously guarding and advocating the Freedom of the Press/Media. • Observing and promoting the highest professional standards. • Providing training and development opportunities for media personnel. To be an exemplary employer. To make sound investments in diverse businesses that will provide for the leveraging of the Group’s assets and competencies and the creation of shareholder value. To take a leadership role in corporate social responsibility initiatives in the region. TABLE OF CONTENTS CORPORATE INFORMATION Corporate Information ...................................................................................................................... 3 HEAD OFFICE BOARD OF DIRECTORS Express House The Brands ............................................................................................................................................. 4 35 Independence Square, Port of Spain CHAIRMAN Chairman’s Statement ........................................................................................................................ 6 Trinidad and Tobago Tele: 868-623-1711-8, 868-627-8806 Sir Fred Gollop Q.C. Group Chief Executive Ofcer’s Statement ................................................................................ 8 Fax: 868-627-2721 Celebrating Our Tenth
    [Show full text]