New Listing: Guardian Holdings To Be Re-Listed

March 11, 2021

NCB owned Guardian Holdings Ltd will be cross listed on the Jamaica Stock Exchange

The stock is currently listed on the Trinidad & Tobago Stock Exchange

Management believes the JSE has been dynamic and with increased public enthusiasm

Re-Listing

The release states it as a cross-listing, however the stock was previously listed on the JSE and was delisted on Dec 31 2013. More about that here.

Image

More about the Guardian Holdings Stock

What’s the stock’s price? It closed at TT$21.88 yesterday, approximately J$477 per share

It has CONSISTENTLY beat the Index

Year Stock vs TTSE

  • 2021 +4.69% vs -0.06%
  • 2020 -3.46% vs -9.90%
  • 2019 +19.61% vs +12.74%
  • 2018 +6.28% vs +2.85%

Possible Fundraising?

Guardian is going to raise funds on the JSE That’s the speculation

Thinking face

The stock last closed at TT$21.88 / ~J$477 It’s at 7x P/E (Price to Earnings) now. Dirt cheap At • 10x P/E that’s J$681 per share • 15x P/E that’s J$1022 per share

Update: Ends The Day Up

It was a very good day for Guardian on the TTSE after it was announced before market open that the stock would be re-listed on the JSE

  • The stock jumped 5.4% (one of its best days)
  • It was the most traded stock (12 trades of 58 total)
  • It hit a 52W high of $23.50, also its highest price in over 10 yrs
This entry was posted in Earnings. Bookmark the permalink.