David Ritch - Caribbean Utilities Non-Executive Independent Chairman of the Board

CUPUF Stock  USD 12.79  0.10  0.79%   

Chairman

Mr. David E. Ritch is a NonExecutive Independent Chairman of the Board of Caribbean Utilities Company Ltd. Mr. Ritch is the senior partner of Ritch Conolly, a Cayman Islands law firm practising, inter alia, banking, general corporate and insolvency law. He holds an LL.B Degree with Honours from the University of the West Indies and attended the Inns of Court School of Law in London, England, where he completed the Bar Final exams as an Honours student. He was called to the Bar of England and Wales by the Honourable Society of the Inner Temple and is also admitted as an AttorneyatLaw in the Cayman Islands since 2003.
Age 62
Tenure 21 years
Phone345-949-5200
Webhttps://www.cuc-cayman.com
Ritch currently serves as nonexecutive Chairman on the Board of Directors of FirstCaribbean International Bank Limited and on the Board of Directors of FirstCaribbean International Bank Limited. He is also a member of the Audit and Governance Committee, the Finance, Risk and Conduct Review Committee and the Change, Operations, Technology and Human Resources Committee of FirstCaribbean International Bank.

Caribbean Utilities Management Efficiency

The company has return on total asset (ROA) of 0.0295 % which means that it generated a profit of $0.0295 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1095 %, meaning that it generated $0.1095 on every $100 dollars invested by stockholders. Caribbean Utilities' management efficiency ratios could be used to measure how well Caribbean Utilities manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 277.73 M in total debt with debt to equity ratio (D/E) of 1.02, which is about average as compared to similar companies. Caribbean Utilities has a current ratio of 0.63, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Caribbean Utilities until it has trouble settling it off, either with new capital or with free cash flow. So, Caribbean Utilities' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Caribbean Utilities sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Caribbean to invest in growth at high rates of return. When we think about Caribbean Utilities' use of debt, we should always consider it together with cash and equity.

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Caribbean Utilities Company, Ltd. generates and distributes electricity in Grand Cayman, the Cayman Islands. Caribbean Utilities Company, Ltd. is a subsidiary of Fortis Energy Ltd. Caribbean Utilities operates under UtilitiesRegulated Electric classification in the United States and is traded on OTC Exchange. It employs 243 people. Caribbean Utilities [CUPUF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Caribbean Utilities Leadership Team

Elected by the shareholders, the Caribbean Utilities' board of directors comprises two types of representatives: Caribbean Utilities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Caribbean. The board's role is to monitor Caribbean Utilities' management team and ensure that shareholders' interests are well served. Caribbean Utilities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Caribbean Utilities' outside directors are responsible for providing unbiased perspectives on the board's policies.
Earl Ludlow, Director
Tania Ebanks, HR Mang
J Hew, CEO and President and Director
Lewis Ebanks, Independent Director
Eddinton Powell, Director
David Ritch, Non-Executive Independent Chairman of the Board
Lynn Young, Director
Woodrow Foster, Director
Andrew Small, VP of Production
Francis Crothers, Non-Executive Independent Vice Chairman of the Board
Joseph Imparato, Independent Director
David Watler, VP of Transmission and Distribution
Peter Thomson, Independent Director
Claire Stafford, Compliance Sec
Letitia Lawrence, CFO, VP of Fin. and Company Secretary
Sacha Tibbetts, VP Technology
Bryan Bothwell, Independent Director

Caribbean Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Caribbean Utilities a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Caribbean Utilities

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caribbean Utilities position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caribbean Utilities will appreciate offsetting losses from the drop in the long position's value.

Moving together with Caribbean Pink Sheet

  0.63SOJE SOJEPairCorr
  0.74SOJC SouthernPairCorr
  0.67CMSA CMS Energy CorpPairCorr
  0.72DTW DTE EnergyPairCorr

Moving against Caribbean Pink Sheet

  0.61SJIV South Jersey IndustriesPairCorr
The ability to find closely correlated positions to Caribbean Utilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caribbean Utilities when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caribbean Utilities - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caribbean Utilities to buy it.
The correlation of Caribbean Utilities is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caribbean Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caribbean Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caribbean Utilities can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caribbean Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Please note, there is a significant difference between Caribbean Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Caribbean Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caribbean Utilities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.