Investor: OCM trading at local loss

Marlon Yarde, general manager of Barbados Stock Exchange. (FP)

By Geralyn Edward, Business Editor | Wed, September 12, 2012 - 12:07 AM

A major securities investor is warning Barbadians that they are losing big time by selling certain stocks on the local market while Trinidadians were reaping higher prices for the same shares.

Citing the One Caribbean Media (OCM) shares as an example, the investor who requested anonymity said the media conglomerate’s stocks were selling in Barbados at BDS$4.02 per share, while they were selling at the equivalent of BDS$5.30 per share on the Trinidad and Tobago Stock Exchange (TTSE).

The investor pointed to the sale late last month of a block of 187 000 OCM shares on the BSE to highlight the situation.

“My question is whether the investor was made aware that [he or she] could sell those shares in Trinidad at a much higher rate and are stock brokers aware of this situation and are they informing local investors?” he queried.

Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.

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Posted by Carl Harper 8 months, 2 weeks ago: Trinis at work, again! Everybody can dupe Bajans - and we boast about how educated we are, 98% literacy rate, and a university graduate in every household. SMH (Shaking My Head)

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Posted by J. Payne 8 months, 1 week ago: Might as well just do business with the Trinidad exchange than. Cut out some of the middle-men.

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Posted by Derico Weir 8 months, 1 week ago: These days are real funny nights!

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Posted by Bim Bum 8 months, 1 week ago: Are the local stock-brokers making a little extra
by buying here and then re-selling in Trinidad for substantially more?

Knowledge is power, and these guys have the knowledge.
The uninformed remain ignorant
while the informed make profits!
Nuthin wrong wid dat, you know?