Investor: OCM trading at local loss
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.