Money Matters: Firstline Securities Blog

The Inter-Island Transportation Fiasco… A Million Probing Questions & More!

8 May 2017

A Firstline Securities Limited Blog by: Winston Gordon

The transportation link between Trinidad and Tobago has been chock-full of unresolved problems over the last hundred years or so‚Ķand continues unabated. ¬†This condition will not cease unless the controllers of the Port and Airport authorities ‚Äėman up‚Äô and do their jobs for which they are adequately compensated.

Image courtesy: https://ttitferry.com/vessels.php?mid=9

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A Time to Get Even More Moody?

28 April 2017

Moody’s downgrade Trinidad and Tobago Again

Photo courtesy: http://www.reuters.com/article/us-usa-ratings-moody-s-idUSKCN0S11AM20151007

A Firstline Securities Limited Blog by: Mike

Yesterday we reported on S&P’s recent Trinidad and Tobago downgrade…now let’s look at what Moody’s thinks:

On the 25th April 2017, Moody’s Investor Services (Moody’s) downgraded Trinidad and Tobago’s government bond rating from Baa3 to Ba1 and assigned a country outlook classification of stable.

This downgrade is the third successive Moody‚Äôs downgrade of Trinidad and Tobago. On the 30th April 2015 Moody‚Äôs downgraded Trinidad and Tobago‚Äôs government bond rating from Baa1 to Baa2, and on the 15th April 2016 Moody‚Äôs downgraded the same securities from Baa2 to Baa3. Read more…

S&P Global Ratings Downgrades Trinidad and Tobago

27 April 2017

Photo Courtesy: http://www.luxembourgforfinance.com/en/news/standard-and-poors-confirms-luxembourg-aaa

A Firstline Securities Limited Blog by: Mike

On the 21st April 2017 S&P Global Ratings (S&P) downgraded Trinidad and Tobago‚Äôs long-term sovereign ratings from A- to BBB+. At the same time, S&P confirmed the outlook of Trinidad and Tobago as stable. Read more…

The Great Oil and Gas Conundrum

24 April 2017

A Firstline Securities Limited Blog by: Mike

 

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THE FOOTBALL BUS ATTACKER: NOT ISIS, JUST PLAIN OLE GREED

21 April 2017

A Firstline Securities Limited Blog by: Dalia King

Last month, Firstline team member, Jon, reported on the potential for short selling in the T&T market. ¬†He said: “If short positions suit your objectives, desired risk-return profile and other investment criteria, then ask your broker-dealer about their willingness to arrange options.”
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OIL PRICES…WHERE ARE THEY GOING?

18 April 2017

A FIRSTLINE SECURITIES LIMITED BLOG BY: PHIL

OPENING SALVO

Firstline’s Thrill Mr. Phil, did his Elliot Waves technical analysis of the crude oil commodity market in September 2014 and reported then that while oil was trading over $90 per barrel, there was going to be a collapse in the market and oil prices should fall below $45 per barrel. I need not tell you how hearty a laugh most of us had back then. The rest is history. Here he goes again!

Before giving my current view, I shall provide a very brief background to the technical analysis technique used to analyse the crude oil market.

 

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A SORROWFUL TALE OF FALSE ACCOUNTING & MAJOR NUCLEAR MELTDOWNS

11 April 2017

The Problems continue to mount for Toshiba

Last Thursday (March 30, 2017) shares in Toshiba fell in value by over 26%, representing Toshiba’s biggest one-day dive in share price in over 40 years. This fall in share price was triggered because of concerns over huge write downs with respect to the company’s nuclear business in the United States, and compounds the problems that occurred in 2015 regarding the announcement of false accounting practices adopted and pursued by Toshiba over an extended period of nearly eight years.

A Firstline Securities Blog by: Mike

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UNDERSTANDING SECURITY VALUATIONS: A BRIEF OVERVIEW

3 April 2017

News of the financial markets grace our electronic media devices each and every day, and one thing that is certain is that there is volatility. Do you understand the intricacies of arriving at a price for a commodity, a security, a company, a Fund? Today’s blog explores some of the methods

A FIRSTLINE SECURITIES LIMITED BLOG BY: MAXINE KING

I visited Disney World for the first time, in mid-2016. With great apprehension and extreme uncertainty, I joined the line for my first ride (see above) and soon enough found out there was no turning back. The line was long and my anxiety mounted, culminating in a ride which started and ended, before I could say ‚ÄúJack Robinson‚ÄĚ. I could not help but think, as I clutched the sides of the roller coaster, practised deep breathing and¬† treated my eyes like a shutter, on that man-made mountain side, that I was crazy enough to pay for pain, uncertainty, and risk ¬†and that this was the last ride I was taking in this week long stay at Disney. Like a masochist, I went back repeatedly, to experience the surges, the tumbles, the ups and the plummeting downs!

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THE TRUMPCARE FALLOUT

27 March 2017

A Firstline Securities Limited Blog by: Thomas Verguet

 

A big blow to the Republican agenda happened this past Friday (24th March, 2017) with the failure of the bid to replace and repeal the Affordable Care Act, as not enough votes were mustered to pass President Trump’s Health Care bill through the Congress floor.

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RAIDING THE HONEY POT ON BAD NEWS FRIDAY

24 March 2017

A Firstline Securities Limited Blog by: Mike

Last Friday the Ministry of Finance released the long-awaited, and perhaps depressing¬†news, that a second withdrawal from the HSF would be made at some point this week in the amount of US$251 billion. We look at this withdrawal in the climate of falling oil prices as the American Petroleum Institute reported a bigger than expected rise in US oil inventories causing a fall in Brent to just above US$50 per barrel. With the Minister still not having set a date for the 2017 mid-year budget review (usually held in the second week of April) we might all ask – What’s next?

 

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