JMMB Research
Company Insights (2015-2019)
Company Insights provide an analysis of the periodic performance of locally traded companies, These reports will be based on the companies' half-year results. Investors can use these publications as guidelines to make more informed investment decisions within the local landscape.
Sagicor Financial Corporation and Alignvest Acquisition II Corporation- November 2019
On 27TH, November, 2018, Sagicor Financial Corporation Limited (SFC), announced that it entered into an agreement with Alignvest Acquisition II Corporation (Alignvest) to acquire all its shares at a price of US $1.75
Trinidad and Tobago NGL Limited (NGL) -November 2019
On Friday November 29th, 2019 members of TTNGL and Phoenix Park Gas Processors Limited [PPGPL] hosted a meeting of the local brokers in order to provide an update on the company’s year to date performance as well as give some insight into the company’s plans going forward.
FirstCaribbean International Bank Limited (FCI)-November 2019
Since 2014, FCI’s Total Assets have increased by 6.9% at an annualized rate of approximately 1.6%. The increase in total assets over that period was as a result of increases in Cash and Investment Securities which was partly due to a 3.7% increase in Customer Deposits over that period.
The West Indian Tobacco Company Limited (WCO)-November 2019
WCO’s gross revenue has seen a downward trend since 2015 with a 9.7% decline in dollar value sales; equivalent to annualized decline of 3.1%, this was accompanied by tobacco inflation of 3.1% annually for that period.
RFHL Quarterly Update-November 2019
For the year ended September 2019, RFHL realized profit attributable to equity holders of $1.58 billion
NGL Quarterly Update-November 2019
Summary
.In their recently released financial results, NGL continued its run of poor performance in 2019, recording a 9M EPS figure of $0.52. Based on our updated valuation model, full-year EPS is projected at $0.85. While NGL now trades at an exorbitant multiple, at the current price its dividend yield is 6.52% per share, well above the market average of 3.52%.
Endeavour Holdings Limited (EHL)-November 2019
Summary
Endeavour Holdings Limited proposes to issue 1,439,744 common shares valued at $12.50 per share payable in full on application. Although 1,439,744 common shares will be offered to the public pursuant to the IPO, 33,442,944 common shares will be listed and registered on the SME.
Trinidad and Tobago NGL Limited (NGL)- October 2019
Summary
Trinidad and Tobago NGL Limited Company act as an investment holding company for 39% of the share capital of Phoenix Park Gas Processors Limited, a company involved in the processing and fractionation of natural gas.
CIF Vs RFHL: Where can investors get more value?- October 2019
Summary
CIF’s traded price of $24.07 represents a 11.8% discount to its published NAV of $27.28. YTD the CIF’s NAV has increased by 9.8% while the price of CIF has increased by 20.2%; this indicates a continued conversion of the NAV and the price, as the discount at the start of the year was 19.4%.
Telecommunications Services of Trinidad and Tobago (TSTT)- October 2019
Summary
TSTT is the market leader in the fixed-line services segment with a market share based on the revenue that has averaged approximately 80% over the period from December 31, 2014, to December 31, 2018, and which was approximately 80% as at March 31, 2019, based on TATT data.
Republic Financial Holdings Limited (RFHL)- September 2019
Summary
Since 2014, total assets of RFHL has increased by 45% at an annualized rate of approximately 7.8%. RFHL has experienced its most significant increase in total assets in the current financial year (21.3%). This increase was mainly due to the acquisition of Cayman National Corporation (CNC). Read More...
Trinidad and Tobago NGL Limited (TTNGL) - June 2017
Summary
As part of the Sale of Assets Programme to support the National Budget, the Government has highlighted in the
May 10th mid-year review, its intention to further divest the TTNGL shares held by National Gas Company
(NGC). The proposed sale of 40,248,000 Class B shares to the public is expected to generate approximately $800
million in revenues, approximately $700 million less than the original proposal of $1.5 billion. Read More...
Scotiabank Trinidad and Tobago Limited Update- March 2016
Summary
Scotiabank Trinidad and Tobago Limited continue to grow organically despite challenging economic conditions. During the quarter, growth was primarily generated by increases in the loan portfolio and supported by continued credit risk management; which is key in the current environment. Read more...
Calypso Macro Index Fund Introduction- October 2015
Summary
The Calypso Macro Index Fund seeks to mimic the performance of the All T&T Index as well as the Global Energy Index with an overall goal of providing investors with exposure to a cross-section of local shares as well as the global energy sector. Read More...
MASSY Holdings Limited Update- February 2015
Summary
We believe that Massy’s business units operate in territories that have low economic growth and therefore headwinds to Massy’s growth. There is also significant exposure to the current energy market in both the largest contributing territory (Trinidad and Tobago), but also one of the largest business units Read more...