Home' Trinidad and Tobago Guardian : October 19th 2014 Contents SBG10 | FINANCE
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt OCTOBER 19 • 2014
TABAQUITE FARMERS LIMITED (IN RECEIVERSHIP)
In my capacity as Interim Receiver of Tabaquite Farmers Limited (In Receivership) I am offering the assets of the Company
for sale as either a complete package or on an individual basis as outline:
ASSETS FOR SALE
Watts Road, off Torrib Tabaquite Road,
Trinidad West Indies.
approximately 10.34 acres.
2,360 sq. ft.
6 Sow shed - 5,000 sq. ft. per shed
5,085 Sq. ft.
Gilt & Fatteners Shed
4 Sheds - Approximately 9,000 sq. ft. per shed
10,140 sq. ft.
5,610 sq. ft.
Sow and Weaner Shed
5 sheds - Approximately 1,200 sq. ft. per shed
16,325 sq. ft.
Fatteners / Growers -
Average 150 births per week
Slaughtering House and Equipment
(Blast freezer 40ft X 20ft, 1 chiller 60ft X 30ft
182 farrowing crates, feed conveyor systems, feed bins
Slaughtering and Maintenance equipment
Water system tank capacity 100,000 gallons
Waste management system, compost equipment,
Diesel generator (350 kv240 amp 6 cylinder)
ISUZU 3 Tonne Van (TBE 9136 & 9135)
1 Toyota 3.0 Hilux - TCM 1338
2 Toyota Dyna (TAW 6673 and TAW 8296)
Filling Cabinets, Office Chairs, Computers, Microwave,
Photocopying Machines and Refrigerators.
To obtain a Confidential Information memorandum and arrange a site visit please contact:
Mr. Varune Mungal
Interim Receiver - Tabaquite Farmers Limited (In Receivership)
c/o Business Recovery and Advisory Services Limited
86, Seventh Street, Barataria.
Trinidad West Indies
Telephone: 868-681-9235 or 868-326-7328
1. Terms of payment are 10% down on acceptance of offer with balance in ninety (90) days.
2. The Assets would be sold on an "As Is Where Is" basis subject to all outstanding Rates and Taxes and outgoing.
3. The Receiver does not bind himself to accept the highest or any offer.
Mr. Mungal is solely acting in his capacity as Interim Receiver of Tabaquite Farmers Limited (In Receivership) and not in his
own personal capacity
When swings in the stock
market cause anxiety to
spike, like it is now,
many investors aim to
get healthy. Stocks don t
come with guarantees,
but healthcare stocks
have held up better than others during past downturns.
People get sick regardless of the economy s strength,
after all, and an aging population around the world
means more demand for prescription drugs and hos-
pital care. That has brought more attention to health-
care stock funds, as worries about a weak global econ-
omy have sent stocks sinking in recent weeks.
Healthcare stock funds have returned an average
of 19.1 per cent annually over the last five years, more
than any of the other 101 fund categories tracked by
Morningstar. The strong returns are luring more
dollars: Investors put more into healthcare funds last
month than they pulled out, contrary to the trend for
stock funds in general. But it s important to keep in
mind that conditions are much different for the sector
than they were five years ago. Here s a look at some
questions to consider before buying a healthcare fund.
Are healthcare stock funds really safer invest-
Everything is relative, but they have been in the
"We re investing in demand for health, and that
comes in drugs, devices and hospital services,"says
Jean Hynes, manager of the Vanguard healthcare fund
(VGHCX), whose US$40.9 billion in assets makes it
the largest fund in the category by far. Demand for
those tends to be more stable than it is for, say, elec-
tronics or other non-essentials.
Consider how the financial crisis dragged the Stan-
dard & Poor s 500 index to a loss of 37 per cent in
2008, even after factoring in dividends. That year,
healthcare stock funds lost an average of 23.4 per
Many of the big pharmaceutical companies and
insurers in the sector also pay dividends, which can
help offer a smoother ride. Johnson & Johnson, Pfizer
and Merck are the three largest healthcare stocks in
the S&P 500, and all have a higher dividend yield
than the index.
What should you look for in healthcare fund?
Even within the healthcare sector, some types of
stocks are safer than others. On the more volatile end
are biotechnology stocks, which can be boom-or-
bust investments depending on how much excitement
their drugs under development are generating.
Puma Biotechnology, for example, has more than
doubled this year, but that includes some extreme
swings. This summer, it posted a one-day loss of 25.3
per cent and a one-day gain of 295.4 per cent.
Investors hoping for a smoother ride should look
for funds with a smaller percentage of their assets in
biotechnology stocks, says Eddie Yoon. He manages
the Fidelity Select healthcare Portfolio fund (FSPHX),
which has a four-star rating from Morningstar.
Yoon has been paring back on biotech stocks: They
Can healthcare stock funds stay on top?
make up 25 per cent of his fund s assets, down from 28 per cent
two years earlier. That s even as surging prices for biotech stocks
have made them a bigger part of the sector: They make up 22 per
cent of the index that Yoon benchmarks his fund against, up from
16 per cent two years earlier.
Will next five years be as good?
Unlike five years ago, healthcare stocks are no longer cheap. Many
are close to their average price-earnings ratios over the last few
decades. Biotechnology stocks in particular can look expensive, as
demand for their strong potential growth has inflated price-earnings
ratios. That makes it tougher for healthcare funds to replicate their
But prospects for companies earnings look better today than five
years ago, Hynes says. Long-term trends are encouraging for the
Demand for healthcare tends to spike once a person gets past
the age of 70. A similar leap occurs when someone enters the middle
class. Both trends are occurring around the world, as the Baby
Boom generation enters retirement and developing economies in
China and India vault millions of families into the middle class.
"That tail wind is there regardless of whether the economy is
expanding or contracting,"Fidelity s Yoon says.
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