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Trop-X Closing Prices for week ending 10th November 2017 |13 November 2017

Trop-X Closing Prices for week ending 10th November 2017

Company Name

Symbol

Price

Bodco Ltd

BOD

SCR24.00

Cedarwood International Investments Limited

CIIL

USD1.00

Sacos Group Ltd

SAC

SCR 100.00

Sea Harvest Investment Plc

SHI

USD1.00

Seychelles Breweries Ltd

SBL

SCR66.00

Southchester RF Limited

SCRF

ZAR109.00

WM Med 5 Limited

WMUSM5

USD1.00**

WM Aus Res 1 Limited

WMAUR1

AUD1.00**

WM Cypress Ridge Limited

WMCR01

USD1.00**

SA Res 1 Zero2One Limited

WMSAR1

ZAR1.00

Entrepreneur Resorts Limited

ERL

USD1.00

 

 

 

 

 

 

 

 

 

WM Med 5 Limited (WMUSM5) and WMUSM7 (WMUSM7) have declared a fourth and second interim dividend,respectively, of $0.02 per participation share to be paid to shareholders holding shares at 4.00 PM on 17th November 2017. The dividend will be paid on 21st November 2017.

Sacos Group Ltd (SAC) announcedon Thursday that Mr. John Esther, the current CEO has elected not to renew his contract which ends on the 30th November 2017 and further announced that Ms. Jenifer Morel will be replacing Mr. Esther as CEO of SAC from 1st December 2017.

 

** Subscription price

 

The Seychelles Rupeeiscurrently trading at 13.79 to the US Dollar, anincrease by 0.36% (when compared to last week), 16.02 to the Euro (decrease by 0.01%) and 18.12 to the British Pound (increase by 0.08%). The average interest rates on T-Bills dropped at the end of the week to 2.46% for the 91-day maturity from 2.75% and 2.89% for the 182-day maturity from 3.14%, when compared to last week.

If you are interested in opening a trading account please get in touch with one of our two broker members who can assist you both in English and Creole:

Constant Capital (Seychelles) Ltd - 434 6820/ or email info@constant.sc

PKF Capital Markets (Seychelles) Ltd – 4346770/ or email pkfcapital@pkf.com

 

Part 8: The different boards of Trop-X’s Equities Market?

Trop-X is a multi-currency Securities Exchange with a total of twenty-three companies listed on its Equities Market. The Exchange offers three Equity Boards on which companies can list: Main Board, Small and Medium Enterprises (SME) Board and the Venture Capital (VCAP) Board.These different Boards give companies from diverse sectors of the economy the opportunity to raise funding from the public.

The Main Board is the platform for the ‘more seasoned’ companies to list. To date, there are currently two companies actively trading on the Main Board -SACOS Group Ltd (SAC) and Seychelles Breweries Ltd (SBL).Eight Wealth Migrate companies are also listed on this Board under the Wealth Migrate Multi Issuer Program for the real estate crowd funding platform and a further 11 companies under a Preference Share Structure Program.

The SME Board is aimed at small to medium sized companies and the VCAP Board is aimed at start-ups. The Boards both have one listed company with BODCO Ltd (BOD) listed on the SME Board and Sea Harvest Investment Plc (SHI) listed on the VCAP Board.

 

For more information, please visit our website at www.trop-x.com

 

Next week: What are the benefits of listing on Trop-X?

 

 

 

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