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News & Resources
ICD Utilities Limited - 2016 Annual Report
2016 was a pivotal year for Grand Bahama Power Company (GBPC) with the wrap-up of our five-year turnaround plan, and the beginning of a five-year period of rate stability for customers. Read More... ICDU_AR_Thumbmail Click here for full Release
Emera Inc. Announces Transaction to Acquire All Remaining Outstanding Shares of ICD Utilities Limited
Freeport, Grand Bahama, October 13, 2017 - Emera Incorporated (“Emera”) and ICD Utilities Limited (“ICDU”) today announced that ICDU has entered into a definitive agreement with Emera and Emera Utilities Holdings Ltd. (“EUHL”), a wholly owned indirect subsidiary of Emera which currently owns a 60.74% controlling interest in ICDU, pursuant to which Emera would indirectly acquire all of the common shares of ICDU that it does not own (the “Transaction”).
Pursuant to the terms of the Transaction, which has been unanimously recommended by the ICDU independent directors, ICDU shareholders can elect to receive BSD$8.85 in cash per common share or 0.913 depositary receipts representing common shares in Emera (“DRs”) or a combination of cash and DRs. Any shareholder which does not validly elect will be deemed to have elected to receive DRs. Each DR will initially represent one quarter of an Emera common share. The Transaction represents a 26% premium to the price that the ICDU shares last traded on The Bahamas International Securities Exchange (“BISX”) and a 33% premium over the 24-month volume-weighted average share Read More...
ICDU Click here for full Release
Financial Market Brief 06 October 2017
The local market ended this week with 50,225 shares crossing the exchange with 28 trades to accumulate a value of $222,920.75. The BISX All-Share Index gained 46.52 points or 2.493 percent to end the week at 1,912.40. Year to date the Index is down 25.81 points or 1.332 percent. This week’s volume and value leader was Commonwealth Bank Ltd. (CBL) moving 32,600 shares in14 trades with a value of $172,596.00. The remaining volume this week was attributed to: AML Foods Limited (AML) – 2,200 shares in 3 trades, APD Limited (APD) - 315 shares in 3 trades, Bahamas Waste Ltd. (BWL) - 650 shares in 1 trade, Doctors Hospital (DHS) – 10,000 shares in 1 trade, CIBC FirstCaribbean International Bank (CIB) - 460 shares in 2 trades and FOCOL (FCL) – 4,000 shares in 4 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 29 September 2017
The local market ended this week with 82,460 shares crossing the exchange with 30 trades to accumulate a value of $565,295.26. The BISX All-Share Index gained 1.34 points or 0.07 percent to end the week at 1,865.88. Year to date the Index is down 72.33 points or 3.73 percent.This week’s volume and value leader was Commonwealth Bank Ltd. (CBL) moving 34,567 shares in 8 trades with a value of $364,304.36. The remaining volume this week was attributed to: APD Limited (APD) - 230 shares in 3 trades, Benchmark Bahamas Ltd. (BBL) - 10,000 shares in 1 trade, Fidelity Bank (Bahamas) Limited (FBB) - 3,550 shares in 4 trades, Colina Holdings Ltd. (CHL) - 15,613 shares in 5 trades, FOCOL (FCL) - 18,000 shares in 8 trades and ICD Utilities (ICD) - 500 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 15 September 2017
The local market ended this week with 7,857 shares crossing the exchange with 9 trades to accumulate a value of $65,129.09. The BISX All-Share Index gained 5.66 points or 0.30 percent to end the week at 1,867.88. Year to date the Index is down 70.33 points or 3.63 percent. This week’s volume and value leader was Commonwealth Bank Ltd. (CBL) moving 5,000 shares in one (1) trade with a value of $53,000.00. The remaining volume this week was attributed to: APD Limited (APD) - 165 shares in 1 trade, Benchmark Bahamas Ltd. (BBL) - 500 shares in 1 trade, Bahamas Waste Ltd. (BWL) - 1,000 shares in 2 trades, Cable Bahamas (CAB) - 912 shares in 3 trades and FamGuard (FAM) - 280 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 01 September 2017
The local market ended this week with 241,611 shares crossing the exchange with 34 trades to accumulate a value of $2,224,784.32. The BISX All-Share Index gained 7.92 points or 0.43 percent to end the week at 1,842.15. Year to date the Index is down 96.06 points or 4.96 percent. This week’s volume and value leader was Commonwealth Bank Ltd. (CBL) moving 203,348 shares in sixteen (16) trades with a value of $2,029,731.50. The remaining volume this week was attributed to: AML Foods Limited (AML) - 16,330 shares in 2 trades, Benchmark Bahamas Ltd. (BBL) - 2,700 shares in 1 trade, Bank of the Bahamas (BOB) - 2,000 shares in 2 trades, Cable Bahamas Ltd. (CAB) - 5,000 shares in 1 trade, Colina Holdings Ltd. (CHL) - 3,698 shares in 3 trades, Commonwealth Brewery Ltd. (CBB) - 1,400 shares in 2 trades, CIBC FirstCaribbean International Bank (CIB) - 3,735 shares in 3 trades and FOCOL (FCL) - 3,400 shares in 4 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 25 August 2017
The local market ended this week with 16,445 shares crossing the exchange with eight (8) trades to accumulate a value of $137,782.60. The BISX All-Share Index lost 0.08 points or 0.004 percent to end the week at 1,834.23. Year to date the Index is down 103.98 points or 5.36 percent. This week’s volume and value leader was Commonwealth Bank Ltd. (CBL) moving 10,000 shares in three (3) trades with a value of $99,800.00. The remaining volume this week was attributed to AML Foods Limited (AML) - 2,500 shares in 1 trade, Cable Bahamas (CAB) - 1,480 shares in 1 trade, Commonwealth Brewery Ltd. (CBB) - 200 shares in 1 trade and CIBC FirstCaribbean International Bank (CIB) - 2,265 shares in 2 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 18 August 2017
The local market ended this week with 119,366 shares crossing the exchange with 23 trades to accumulate a value of $666,929.14. The BISX All-Share Index gained 0.20 points or 0.01 percent to end the week at 1,834.31. Year to date the Index is down 103.90 points or 5.36 percent. This week’s volume leader was Cable Bahamas Ltd. (CAB) moving 81,250 shares in 12 trades with a value of $318,500.00 and value leader was Commonwealth Bank Ltd. (CBL) moving 33,100 shares in 5 trades with a value of $330,338.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 125 shares in 1 trade, Bank of the Bahamas (BOB) - 51 shares in 1 trade, Bahamas Waste Ltd. (BWL) - 2,000 shares in 1 trade, Colina Holdings Ltd. (CHL) - 840 shares in 2 trades and Doctors Hospital (DHS) - 2,000 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 11 August 2017
The local market ended this week with 40,974 shares crossing the exchange with 12 trades to accumulate a value of $297,903.56. The BISX All-Share Index lost 0.93 points or 0.05 percent to end the week at 1,834.11. Year to date the Index is down 104.10 points or 5.37 percent. This week’s volume and value leader was FOCOL (FCL) moving 21,000 shares in 2 trades with a value of $205,100.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 115 shares in 1 trade, Bank of the Bahamas (BOB) - 659 shares in 2 trades, Fidelity Bank Ltd. (FBB) - 100 shares in 1 trade, Commonwealth Brewery (CBB) - 50 shares in 1 trade, Commonwealth Bank Ltd. (CBL) - 7,000 shares in 4 trades and Doctors Hospital (DHS) - 12,050 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 4 August 2017
The local market ended this week with 117,204 shares crossing the exchange with 38 trades to accumulate a value of $843,874.28. The BISX All-Share Index lost 35.22 points or 1.883 percent to end the week at 1,835.04. Year to date the Index is down 103.17 points or 5.323 percent. This week’s volume and value leader was CIBC-First Caribbean International Bank (CIB) moving 45,000 shares in 6 trades with a value of $387,000.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 115 shares in 1 trade, Fidelity Bank (FBB) - 700 shares in 2 trades, Cable Bahamas (CAB) – 41,950 shares in 8 trades, Colina Holdings Ltd. (CHL) – 2,500 shares in 4 trades, Commonwealth Bank Ltd. (CBL) – 21,036 shares in 7 trades, Finco (FIN) – 3,803 shares in 4 trades, FOCOL (FCL) – 1,400 shares in 2 trades, and JS Johnson (JSJ) - 700 shares in 4 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
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