Sept 21st - 25th, 2009

During the week investors traded in ten out of the twenty-four listed securities of which none advanced, six declined and four remain unchanged.

EQUITY MARKET

A total of 196,878 shares changed hands, representing a growth of 131,023 shares, compared to last week's trading volume of 65,855 shares.

AML Foods Ltd. (AML) was the volume leader trading 65,500 shares, declining by $-0.08 to close the week at $1.07.

Focol Oil Holdings Ltd. (FCL) was the lead decliner falling by -$0.49 to a new 52-week low of $4.50, on a volume of 42,425 shares.

Bank of The Bahamas (BOB) fell to new 52-week low of $5.90 on a volume of 42,200. First Caribbean International Bank (Bahamas) Limited (CIB) also experienced a new 52- week low during the week on a volume of 25,000 shares to close the week at $10.00.

BOND MARKET

There were no bonds traded on the market this week.

COMPANY NEWS:

AML Foods Limited (AML) released its un-audited financial results for the quarter ending July 31, 2009. For the quarter AML reported a net profit of approximately $1.2M, compared to $162K in the same period last year, an increase of $1,015M. Gross profit of $7.4M increased by $1.3M or 20% QoQ. Overall expenses increased, however due to the sales growth during the period, its impact on the net profit was not substantial.

The Chairman of AML indicated that both sales and gross margin dollars had increased, shrinkage in stores had decreased and liquidity had improved resulting in further reduction in the company's bank debt.

Total assets and liabilities at July 31, 2009 were $29.5M and $15M respectively, compared to $30.6M and $18.3M at fiscal year end.

First Caribbean International Bank (CIB) released its un-audited financial statement for the quarter ended July 31, 2009. For the quarter CIB reported net income of $19.4M compared to $26.7M for the same period in the prior year , a decline of $7.3M or 27%. Net interest income of $35.3M declined by $3.3M or 8.5$ QoQ and as stated by the Chairman, this was influenced by the decline in international interest rates partially offset by higher loan volumes during the quarter.

Loan loss expense in the quarter was $6.2M compared to $8.7M in Q308, however year to date CIB has recorded loan loss expenses of $20.3M compared to $15M for the same period in the prior fiscal year.

Total assets decreased from $4.2B to $3.9B and total liabilities also declined from $3.7B to $3.2B from the bank's year end. However, management indicated that the bank remains well capitalized with a current tier -1 capital ratio of 17.7% well in excess of the minimum requirement of 14%.

Dividend Notes :

Commonwealth Bank Ltd. (CBL) has declared a dividend of $0.05 per share, payable September 30th, 2009 to all ordinary shareholders of record date September 15th, 2009.
Doctor's Hospital Healthcare Systems Ltd. (DHS) has declared a dividend of $0.02 per share, payable September 30th, 2009 to all ordinary shareholders of record date September 17th, 2009.

Cable Bahamas Ltd. (CAB) has declared a dividend of $0.07 per share, payable September 30th, 2009 to all ordinary shareholders of record date September 15th, 2009.

Consolidated Water BDRs has declared a dividend of $0.015 per share, payable November 06th, 2009 to all ordinary shareholders of record date October 01st, 2009
Note: Bloomberg used as source for international data