Jan 2008 Financial News

BST Year End Update

Jan 11, 2008

Barbados Shipping & Trading Company Limited
(Fiscal Year Ended September 30, 2007)

All figures quoted in Barbados Dollars unless otherwise stated

For the Year Ended September 30, 2007, Barbados Shipping & Trading Company Limited (BST) reported Earnings Per Share (EPS) of 46.5 cents, which was up on the corresponding period in 2006 by 8.90 per cent or 3.8 cents.

The Board of Directors declared a final dividend of 9.5 cents per share which was paid on January 7, 2008. This brings the total dividend for the year to 18.5 cents.

BST shares last closed at a price of TT$27.93 on the local exchange. We are forecasting an EPS of TT$1.65 (BBD0.51) for fiscal 2008, which at the current price translates into a price to earnings multiple of 16.93 times. At this time, we continue to recommend a HOLD on this share.

Nancy Chen
Reserach Analyst