Rawle Lucas

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Articles by Rawle Lucas

Doing it alone

Variable performance Sterling Products Limited (SPL) is about to complete its ninth month of operation in 2013 and its economic performance might well remain an enigma to its shareholders as the company moves towards its 59th Annual General Meeting next year. 

At age 10

Anniversary On June 30, 2013, with all attention on concerns about the expansion of the airport, the future of sugar, legislation about anti-money laundering and financing of terrorism, the price of gold and critical deadlines about the Amaila Falls hydropower project looming, no one noticed that the Guyana Stock Exchange (GSE) had reached an important milestone in its existence. 

Living a life in limbo

Continued Cost control Last week, it was observed that though GNPL was experiencing significant difficulties, its management was making the best of a bad situation. 

China’s money and the Guyanese people

Bargain prices But, even as the West ponders its options, Guyanese must figure out the value of China’s money to them for something has gone wrong that is causing well-meaning actions to create a portentous situation.

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) declined 1.46 percent during the second week of trading in July 2013.  With a small trading volume among four companies, a total of 16,100 shares in the index changed hands this week.  There were no Climbers, three Tumblers, and no movement for the stocks of one company.  The Tumblers were Demerara Tobacco Company (DTC), which fell by 2.08 per cent on the sale of 300 shares; Sterling Products Limited (SPL), which fell 7.14 per cent on trades of 3,800 shares and Republic Bank Limited (RBL), which fell 3.85 per cent on the sale of 10,000 shares.  Demerara Distillers Limited (DDL) sold 2,000 shares with no change in value.

Abhorrent to the public’s interest

Backseat It is not often that so many issues of capital budgeting are discussed as stories in their own right in the newspapers, even though matters of public spending are reported upon quite frequently.

Semantics or substance

More weight In reading about small business in Guyana and elsewhere, quite often one encounters the words “entrepreneurship” and “small business” used interchangeably.

Lingering doubt

Reform Last year, the administration introduced a bill aimed at reforming the telecommunications industry in Guyana. 

LUCAS STOCK INDEX
The Lucas Stock Index (LSI) rose 0.78 percent in relatively light trading during the first week of trading in May 2013.  A total of 98,790 stocks of six companies changed hands.  Demerara Bank Limited (DBL) traded the highest number of stocks, 56,700 with a 0.33 percent increase in value.  Demerara Distillers Limited (DDL) traded 16,000 with a gain of 5.63 percent.  Meanwhile, Republic Bank Limited (RBL) traded 12,000 stocks for no change in value.  After being dormant for a while, Caribbean Container Incorporated (CCI) traded 13,600 stocks which lost 15 percent of its value.  In rather marginal trading, Demerara Tobacco Company (DTC) gave up 90 stocks with no change in value while Guyana Bank for Trade and Industry (BTI) sold 400 shares and saw the value of its stock increase by over 4 percent.

A word of caution

Upbeat news In the space of two days, Guyanese got a series of upbeat news about the economy. 

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) increased marginally by 0.97 percent in light trading during the fourth week of April 2013.  A mere 9,600 stocks of five companies changed hands.  Demerara Bank Limited (DBL) traded the highest number of stocks, 3,300, with a 3.82 percent increase in value.  Demerara Distillers Limited (DDL) traded 2,100 shares and saw the value of its stock increase by 9.02 percent.  Republic Bank Limited (RBL) traded 3,000 shares with no change in value.  Both Guyana Bank for Trade and Industry (BTI) and Demerara Tobacco Company (DTC) saw no change in value with trades of 400 and 800 units of their stock respectively.

The quiet retreat

Hive of Activity All eyes have been plastered on the behavior of gold over the last few years as the price of the commodity created enormous buzz and stirred many to invest in the industry in Guyana. 

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