Home' Trinidad and Tobago Guardian : June 15th 2014 Contents SBG10 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JUNE 15 • 2014
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED JUNE 13, 2014
172 890,86 4,519,173.04
37 175,193 3,600, 426.36
MARKET ACTIVITY FOR WEEK ENDED JUNE 13, 2014
Value Weekly % YTD %
1,183.01 (0.02) (0.17)
All T&T Index
2,030.80 0.00 1.86
Cross Listed Index
43.92 0.09 (11.15)
Market Capitalisation 112,654,537,169 (0.02) (1.18)
MARKET INDICES AS AT JUNE 13, 2014
Amount Ex-Div Date Record Date Payment Date
Dividends of cross-listed companies are quoted in their national currencies.
*Dividend quoted in US dollars.
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Neal & Massy Holdings Ltd: 10.06.14
Neal & Massy Holdings Ltd (NML) has informed the stock exchange that
on June 5, 2014 a director sold 1,937 NML shares.
12.06.14: On May 29, 2014 a senior officer sold 4,840 NML shares.
National Enterprises Ltd: 09.06.14
National Enterprises Ltd (NEL) has informed the stock exchange that
they have been advised by way of correspondence received on May 22,
2014 and May 23, 2014, from one of their investee companies,
Telecommunication Services of T&T Ltd (TSTT), in which they are a 51 per
cent shareholder, of the status of a voluntary separation programme
(VSEP/VEERP) open to the participation by all employees of TSTT. This
offer closed on April 30, 2014 and 608 employees have applied under these
In accordance with International Accounting Standards, and as previously
shared with NEL at a presentation of TSTT's five-year strategic plan 2013-
2018, TSTT has made provision for the cost of this VSEP programme in its
financial statements for the year ended March 31, 2014.
The draft, unaudited financial statements of TSTT for the year ended
March 31, 2014 indicates that the financial impact of the VSEP programme
is a provision of approximately $650 million. Based on their 51 per cent
shareholding, NEL's share of this provision will be $331.5 million for the year
ended March 31, 2014.
NEL accounts for its investment in TSTT on an equity accounting basis
and therefore records 51 per cent of the net profit or loss after tax; final
National Commercial Bank
Jamaica tops trading
The volume of shares traded on the First Tier Market
this week was down 54.31 per cent on last week s volume
with a total of 890,806 shares changing hands compared
to 1,949,837 shares traded in the previous week. The
total value of shares traded fell 81.72 per cent to
$4,519,173.04 from last week s value of $24,717,974.61.
National Commercial Bank Jamaica Ltd (NCBJ) dom-
inated the market this week commanding 68.22 per
cent of the total volume traded with 607,739 shares.
The Composite Index fell 0.02 per cent or 0.19 points
to close the week at 1,183.01, the All T&T Index posted
a marginal decline of 0.003 per cent or 0.07 points to
2,030.80 and the Cross Listed Index lost 0.09 per cent
or 0.04 points to 43.92. The advance to decline ratio
ended the week 7 to 7. Plipdeco was the major advance
this week, up 3.63 per cent or $0.14 to $4.00 and the
major decline was National Flour Mills Ltd (NFM), down
7.41 per cent or $0.08 to $1.00.
There was no activity on the Second Tier Market
this week. On the TTD Mutual Fund Market, 165,893
Clico Investment Fund (CIF) units traded with a value
of $3,568,806.36. CIF s price declined 0.69 per cent or
$0.15 to $21.50. Additionally, 9,300 Praetorian Property
Mutual Fund (PPMF) units traded with a total value of
$31,620.00. There was no change in PPMF s price.
In Jamaica, the JSE Market Index declined 1,496.37
points or 2.12 per cent this week to close at 70,496.64.
Trading activity resulted in 15,526,289 shares traded
valued at J$133,111,934.92. The volume leader this week
was LIME with 27.44 per cent of the market or 4,260,768
shares. The major advance was Desnoes and Geddes
Ltd (DG), up 8.00 per cent or J$0.34 to J$4.59 and the
major decline was Caribbean Cement Company Ltd
(CCC), down 23.70 per cent or J$0.64 to J$2.06.
audited financial statements for TSTT for the year
ended March 31, 2014 are not yet available,
therefore the full impact on NEL's reported profits is
NEL notes that this provision will have a material
impact on their financial statements for the year
ended March 31st, 2014 and shareholders are thus
This, however, will not affect NEL's dividend
payment to their shareholders other than to the
extent that no dividends will be received from TSTT
for the year ended March 31, 2014.
Trinidad Cement Ltd: 10.06.14
Trinidad Cement Ltd has informed the stock exchange
that the company has not been able to hold its Annual
Meeting in 2013 nor schedule one for 2014, as there is a
High Court Injunction in place.
This injunction---granted on July 12, 2013---is still in
force and can only be discharged by the High Court or
withdrawn by the group of Minority Shareholders
(holding 5.68 per cent interest) who applied for the
injunction against the company.
Links Archive June 14th 2014 June 16th 2014 Navigation Previous Page Next Page