Machel Montano

Machel Montano

MACHEL Montano has been at the forefront of T&T’s musical genre, soca, since his sensational break-out as the a child who sang Too Young to Soca on the stage at the Queen’s Park Savannah in 1986. He is known throughout T&T, and in the Caribbean diasporas throughout the world, for his hyper-energetic stage performances and his multi-decade-long streak of producing a monster song for the road..

It turns out that Machel is also a very astute investor and businessman, who is very focussed and hands-on with all aspects of his investments. But after 38 years on the stage, the soca artiste is seeking to ensure that his life beyond the stage is just as successful as his life on it, says the person who knows him best, Elizabeth ‘Lady’ Montano, his mother.

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This week, we at Bourse review the financial performance of MASSY Holdings Ltd (MASSY) for the year ended on September 30, 2019.

MASSY Holdings Ltd (MASSY)

MASSY Holdings Ltd (MASSY) reported a Basic Earnings per Share (EPS) of $5.76 for the full year ended September 30, 2019, an 8.3 per cent improvement over the reported 2018 figure of $5.32. Group Revenue remained relatively flat, increasing to $11.6b for 2019 (up 0.4 per cent). 

FINANCE Minister Colm Imbert is assuring that the Office of Procurement Regulation would still have the power to investigate government-to-government arrangements after Government makes “slight” amendments to Section 7 of the Public Procurement and Disposal of Public Property Act next month.

A CALL has been made for Government to take immediate action on campaign finance reform and implementing the public procurement legislation.

Without these two pieces of legislation, says the Trinidad and Tobago Transparency Institute (TTTI), this country’s scoring on the Corruption Perception Index (CPI) will remain stagnant.

Publicly listed TTNGL’s profits declined last year because the international prices of its three products—natural gas liquids propane, butane and natural gasoline—have tumbled, said Dominic Rampersad, president of Phoenix Park Gas Processors Ltd (PPGPL) yesterday.