Listed Company Profiles
Conglomerates
ANSA McAl Limited
The second half is always the better half for the Group, this would
be even evident this year because the new furnace at Carib Glass would
be up and running in September. The Group is also confident that the
balance of the year will bring in record levels of profit. We have adjusted
our forecast to $1.35 a share which at the current price gives a PE of
20.0. Thus we recommend a hold on this share.
The Company
The Company began in 1919, when Charles McEnearney obtained a franchise
as a Ford dealer. By 1986, the Company had evolved to become McEnearney-Alstons
Limited, and joined the ANSA Group to form what is the present ANSA McAl
Limited. The Company, Trinidad & Tobago’s largest conglomerate,
comprises more than thirty subsidiaries engaged in trading, manufacturing,
finance, insurance and the services industries. Its major subsidiaries
include Carib Brewery (brewing), Carib Glass, ABEL/Bestcrete (manufacturing),
Tatil (insurance), Consolidated Finance Company Ltd. (financial services),
McEnearney Robinson, Diamond Motors and Classic Motors (retailing automotive),
Alstons Marketing Company Ltd (distribution), Trinidad Lands Ltd. (real
estate development), and Trinidad Publishing Company (media).
In 1998
the Group acquired Fleming’s 50% interest in Fleming ANSA Merchant
Bank and merged its operation with ANSA Finance to form ANSA Finance
and Merchant Bank Ltd. The Group also acquired a 60% holding in West
Indies Glass Co. Ltd. in Kingston, Jamaica.
The major shareholders in
the company are ANSA Investments Limited 49.17% and TATIL Life Assurance
Limited 5.34%.
For more information: Download AML.PDF
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Barbados Shipping & Trading Limited
The Chairman stated that the Group had 'successfully completed the restructuring
of its distribution businesses', and had made large investments in new
facilities as well. This rationalisation is expected to ensure BS&T's
profitability and ability to compete in the future. The Group is eyeing
other equity investments in the Caribbean after an investment in St.
Lucia during the fiscal year.
The Company
Barbados Shipping and Trading Company Limited (BS&T) is a diversified
public corporation, and a leading company in the Barbadian business community.
The group comprises some thirteen subsidiary companies in three operating
divisions – Food, Retail, and Property/Financial Services.
Its
major subsidiaries include United Insurance Co. Ltd. (financial services),
Spring Garden Foods Ltd. (food division), BS&T Motors Inc. and
Cargo Handlers Ltd. (retail and distribution division). BS&T also
has significant investments in a number of associated companies, including
Banks Holdings Limited. In 1999, BS&T acquired a 20% shareholding
of Trinidad & Tobago’s
second largest conglomerate, Neal and Massy.
The major shareholders
in the Company are Neal and Massy Holdings Limited 21.13%, Barbados
Mutual Life Assurance Society 12.56% and BS&T (Pensions) Ltd 5.43%.
The Company was cross-listed on the Trinidad and Tobago Stock Exchange
on April 23, 1999.
For more information: Download BS_T.PDF
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Grace, Kennedy and Company
This performance has led to a bullish outlook for the future from the
Chairman, who stated that GKC has revised its profit growth estimate
upward from 25 per cent to 32 per cent. This optimism has required us
to revise our estimate upward as well from TT60 cents per share to TT65
cents per share for fiscal 2002.
The Company
The principal activities of the company, its subsidiaries and its associated
companies, which are located in Jamaica and the wider Caribbean are,
food trading, industrial, retail and trading, financial services, maritime
and information services.
The Company’s major subsidiaries include
Grace Foods Limited (Food Division), which in 1998 re-launched the ‘Grace’ brand
of foods in several locations worldwide. Industrial Catering Services
Ltd. and Medi-Grace Ltd. (Industrial, Retail & Trading Division),
International Shipping Ltd. and International Maritime Services Ltd.
(Maritime Division), Allied Insurance Brokers Ltd. and Trafalgar Commercial
Bank Ltd. (Financial Services Divisions), and International Communications
Ltd., which represents Sprint (Information Division).
The major shareholders
are Jamaica Producers Group Limited and the Kennedy family.
For more information: Download GKC.PDF
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Neal and Massy Holdings Limited
At the present price of $29.80 the share is trading at a price earnings
(P/E) ratio of 15.8 and a dividend yield of 2.24 per cent and there is
room for further capital appreciation
The Company
The Group is the second largest conglomerate in Trinidad and Tobago
at present. The Group and its subsidiaries are engaged in trading, manufacturing,
services industries, finance and insurance in Trinidad and Tobago, the
wider Caribbean region and the United States of America.
The Group’s
major subsidiaries include Industrial Gases Limited, Neal and Massy
Motors, Trading and Distribution Limited, and Borde Communications.
In
1999, N&M purchased the minority interests in both General Finance
Corporation (GFC), and Caribbean Home Insurance Company (CHIC), making
them wholly owned subsidiaries. N&M also purchased a 20% interest
in Barbados Shipping & Trading Limited, Barbados’ largest conglomerate.
The major shareholders are Barbados Shipping and Trading Company Limited
(BS&T) 21%, and Roytrin Securities Limited 15.61%.
For more information: Download NML.PDF
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