Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 560’s trading results showed consideration of $1,464,870 from 53,967 shares traded in 18 transactions as compared to 559’s trading results which showed consideration of $2,085,088 from 58,999 shares traded in 17 transactions. The stocks active this week were DIH, CCI, CBI, DTC, BTI and SPL.

Banks DIH Limited’s (DIH) nine trades of 47,661 shares represented 88.32% of the total shares traded. DIH’s shares were traded at a Mean Weighted Average Price (MWAP) of $19.6, which showed a decrease of $0.4 from its previous close of $20.0. DIH’s trades contributed 63.71% ($933,302) of the total consideration. DIH’s first trade of 7,129 shares was at $19.6, its second and third trades totalling 8,532 shares were at $19.5, while its fourth to ninth trades totalling 32,000 shares were at $19.6.

Caribbean Container Incorporated’s (CCI) single trade of 5,000 shares at $10.0 represented 9.25% of the total shares traded. CCI’s shares20140425journal were traded at a Mean Weighted Average Price (MWAP) of $10.0, which showed no change from its previous close. CCI’s trade contributed 3.41% ($50,000) of the total consideration.

Citizens Bank Guyana Incorporated’s (CBI) single trade of 500 shares at $188.0 represented 0.93% of the total shares traded. CBI’s shares were traded at a Mean Weighted Average Price (MWAP) of $188.0, which showed no change from its previous close. CBI’s trade contributed 6.42% ($94,000) of the total consideration.

Demerara Tobacco Company Limited’s (DTC) four trades totalling 300 shares represented 0.56% of the total shares traded. DTC’s shares were traded at a Mean Weighted Average Price (MWAP) of $1,039.9, which showed no change from its previous close. DTC’s trades contributed 21.30% ($311,978) of the total consideration. DTC’s first to third trades totalling 220 shares were at $1,039.0, while its fourth trade of 80 shares was at $1,040.0.

Guyana Bank for Trade and Industry Limited’s (BTI) single trade of 10 shares at $615.0 represented 0.02% of the total shares traded. BTI’s shares were traded at a Mean Weighted Average Price (MWAP) of $615.0, which showed a decrease of $15.0 from its previous close of $630.0. BTI’s trade contributed 0.42% ($6,150) of the total consideration.

Sterling Products Limited’s (SPL) two trades totalling 496 shares represented 0.92% of the total shares traded. SPL’s shares were traded at a Mean Weighted Average Price (MWAP) of $140.0, which showed no change from its previous close. SPL’s trades contributed 4.74% ($69,440) of the total consideration. Both of SPL’s trades were at $140.0.

 

20140425summaryNOTES:

Best bid:              The highest price that a buyer is willing to pay for a security.

Best offer: The lowest price at which a seller is offering to sell securities.

Notes

1 – Interim Results

2 – Prospective Dividends

3 – Shows year-end EPS but Interim Dividend

EPS: earnings per share for 12 months period to the date the latest financials have been prepared. These include:

2005 – Final results for GTI.

2011 – Final results for RDL.

2012 – Final results for CJL, HCL and PHI.

2013 – Interim results for GSI and JPS.

2013 – Final results for TCL, DIH, CCI, CBI, DDL, DTC, BTI, RBL and SPL.

2014 – Interim results for DBL.

As such, some of these EPS calculations are based on un-audited figures.

P/E Ratio: Price/Earnings Ratio = Last Trade Price/EPS

Dividend yield = Dividends paid in the last 12 months/last trade price.

 

At the Princess Hotel Casino

Draft gaming legislation before year end

Legislation designed to update existing local laws to ensure that they keep pace with the evolution of gaming is currently being drafted and could be completed before the end of this year, Chairman of the new Gaming Authority of Guyana Roysdale Forde has told the Stabroek Business.

20160701business cover

Georgetown Chamber expects gov’t to avail 20% of contracts for SMEs as provisioned in act

The Georgetown Chamber of Commerce and Industry (GCCI) has signalled its intention to throw its weight behind the provision in the 2004 Small Business Act that binds government to ensuring that the small business sector secures a minimum of 20 per cent of procurement contracts issued by the state.

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Are you really an entrepreneur?

Entrepreneur, Managing Director, GeoTechVision Entrepreneurship seems to be the new buzz word these days and while many are trying to build and contribute to creating an entrepreneurial ecosystem, few entrepreneurs have excelled by turning their ideas into high growth businesses.

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Contractors seeking meetings with ministers, mayor to discuss workplace safety issues

Stabroek Business has been sent a copy of a memorandum from the 70-member General Contrac-tors Association of Guyana (GCAG) seeking what its Secretary Neil Cort-Rogers says are “important meetings” with two cabinet ministers and the Mayor of Georgetown to find solutions to “critical issues” facing the sector.

Prime Minister Keith Rowley attended by assorted dignitaries doing sod-turning duties at the site of the planned car park.

Port of Spain getting parking meters too

One thing that Georgetown appears to have in common with Port of Spain is a premium on parking space and yesterday the Trinidad Express reported that on the previous day the twin-island Republic’s Prime Minister Dr Keith Rowley had turned the sod to commence the construction of a TT$100 million multi-storey car park in the capital.

Mercy Wings is training part of the country’s future work force

Mercy Wings needs public, private sector help to provide Sophia youths with life-changing skills

Sophia is one of those working-class communities where unemployment is high, poverty is ever present and the rate of school dropouts is disturbing.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website Kitco.com for gold news, commentary and market information.

Kitco Market

Gold Prices for the three day period ending Thursday  June 30, 2016

Kwakwani faces an acute crisis of bad roads

Berbice River communities facing economic challenges, community differences

Kwakwani is a struggling, underdeveloped community, a poignant example of the fact that the pace of development has not been anywhere near even across the various regions of Guyana.

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