Ns negative stance

ed flat at €0.60 on one transaction of 2,000 shares. MSC issued its interim directors’ report for the first three quarters of 2019 – January 1, 2019 to September 30, 2019. The company registered its highest ever growth in footfall as it was up by 8 per cent from the same period last year. This proves the popularity of the complex being the preferred retail destination for the south of Malta.

The company’s income advanced further as all vacant spaces were leased out by July 2019. There was also an agreement to increase rental rates, which resulted into short income disruption during negotiations to secure full occupancy. Moreover, both PV panels and the car park operations have boosted growth in the mall’s income. In addition to this, the launch of the new café and restaurant at the complex’s roof terrace is expected to further increase the positive footfall.

Operating overheads remained under control despite slightly higher. This slight increase resulted from minor additional repairs and maintenance. The additional administrative expenses related to the requirements of a publicly listed company were more than outweighed by the savings in finance cost, due to the fact that the company has a debt-free balance sheet.

The company’s end of year 2019 vision is a positive one. It expects a solid improvement over the previous year. The delay in reaching full occupancy suggests that the end of year result is expected to be slightly short of its original projection. The company expects to reach this by the end of next year, December 31, 2020.

Malta Properties Company plc (MPC) shares partially

recouped the previous month’s 7.7 per cent loss, having advanced by three per cent. The equity was active on 20 transactions of 112,025 shares, closing at €0.68.

MPC issued an announcement with respect to the St. Paul’s Bay Old Exchange Deed of Sale. On November 26, 2019, SPB Property Company Limited (SPB), being MPC’s subsidiary, and Vienna Company Limited (VCL), executed the aforementioned final deed of sale. This related to the property which SPB sold and transferred to VCL who accepted and purchased the property. The property has been sold tale quale.

As a result, there will be no more rental income from such property since it is no longer in the property portfolio of MPC. Sale proceeds are expected to be utilised for funding MPC’s development projects or any acquisition opportunities.

During the month, MPC issued their directors’ statement for the first three quarters of the year. The group’s performance was in line with expectations and improved from the same period last year. This was primarily due to the increase in rental income from a full year’s lease of Floriana’s offices, ‘ The Bastions’. This was also due to the marginal decrease in administrative expenses and finance costs. The company’s financial position remains satisfactory.

The company announced that the construction of Zejtun exchange and data centre is progressing, and handover to the tenant is expected to take place in the last quarter of next year, 2020. This is the only project which is currently funded through bank loan facilities. The company is also working on the plans for developing two other sites, which are expected to be vacated in 2021. During the third quarter, no properties were sold.

The group has been analysing various acquisition opportunities, and is still in discussion with Smart City (Dubai) FZ-LLC, for the possible acquisition of 91% of the shares in Smartcity (Malta).

Trident Estates plc shares jumped by 9.3 per cent across 20 deals of 110,639 shares, to close at €1.65.

The company announced the results following the rights issue of circa €15 million worth of new ordinary shares. The rights issue period closed on October 29, 2019, whereby eligible shareholders could subscribe for the 12,000,003 new shares. A total of 761 provisional allotment letters were received by the company from both eligible shareholders and transferees. Total subscription amounted to 11,152,571 new shares for a value of €13,940,713.75, of which all were accepted and allotted in full.

The company also received 365 lapsed rights application forms for eligible shareholders. Bid prices ranged between €1.25 and €2.00 per new share worth €2,739,526.88. Since the balance of the lapsed rights stood at 847,432 new shares, the company had to adopt an allocation policy, having to accept only a limited number.

Applications with a bid price above €1.27 per lapsed right were allotted in full, representing 836,363 new shares, the equivalent of €1,045,453.75. This resulted in a lapsed rights premium of €128,967.35. Applications received with a bid price of €1.27 per lapsed right totalled to 36,350 new shares. The company has adopted an allocation policy on a pro-rata basis that of 30.45 per cent of the lapsed rights applied for at €1.27. By rounding up to the nearest lapsed right, new shares allotted stood at 11,069 new shares, the equivalent of €13,836.25 and a lapsed rights premium of €221.38. Applications with a bid price lower than €1.27 per lapsed right were not accepted.

MIDI plc shares fell by 9.2 per cent across 26 deals of 360,753 shares, to close €0.065 lower at €0.645. Meanwhile, Malita Investments plc shares decreased by 1.1 per cent over 20 trades of 116,480 shares, closing at €0.90.

MaltaPost plc

shares appreciated by €0.05 or four per cent, as 11 transactions of 20,666 shares were negotiated, to close at €1.31.

The retail and supermarkets owner PG plc, recorded a €0.12 or 6.4 per cent loss in its share price. The equity witnessed 27 deals of 127,150 shares, and closed at €1.75. PG approved the distribution of a net interim dividend of €2 million, the equivalent of €0.0185185 per ordinary share. The interim dividend shall be paid on December 5, 2019 to ordinary shareholders on the company’s register of members November 25, 2019.

RS2

Software

list as at

plc

shares appreciated by 6.9 per cent across 57 trades of 338,704 shares, closing at €2.16. The I.T. equity swayed between a monthly low of €2 and a high of €2.20.

Santumas Shareholdings plc

shares fell by 6.7 per cent over seven deals of 20,119 shares, to close €0.10 lower at €1.40. The company announced that the issued and paid up capital of the company has increased to €2,011,384 divided into 7,314,122 ordinary shares with a nominal value of €0.275 each fully paid up. Santumas Shareholdings plc has an authorised share capital of €2,337,500 divided into 8,500,000 ordinary shares with a nominal value of €0.275 each.

The food and beverage supplier

Simonds Farsons Cisk plc,

registered a €0.60 or five per cent loss as 21 transactions of 23,211 shares were concluded, to close at €11.50.

The board of directors of 1923 Investments announced that Harvest Technology plc has been granted approval to listing on the Official List of the Malta Stock Exchange of its entire issued share capital.

Harvest Technology’s principal purpose is that of investing and holding interests in companies and other ventures operating in the technology and e-commerce solutions industries across a spread of geographical regions primarily in Malta, but also in parts of Europe and Africa. From a group perspective, the company currently holds 100% of the share capital in PTL Limited, APCO Systems Limited and APCO Limited.

Employees and directors of any company forming part of the Hili Ventures Group are preferred applicants and may obtain applications from the company’s offices. The general public may apply through any authorised financial intermediary. The application period ends on December 12, 2019 unless stated otherwise by the company.

In the corporate bond market, 64 issues were active, of which 18 advanced and 38 declined. Turnover totalled to €8.1 million. The 5% GlobalCapital plc unsecured € 2021 headed the list of gainers, having advanced by 2.6 per cent, closing at €98. Meanwhile, the 5% Tumas

Investments plc unsecured € 2024 was the worst performer,

having stumbled by 7.7 per cent, to close at €102.02.

Investors shied away from the sovereign debt market, as out of 22 active issues, only one closed in the green – the 2.1% MGS

2039 (I),

having increased by a minimal 0.2 per cent, to close at €125.35. Turnover amounted to €14.4 million – of which just under €2 million was traded in the

2.1% MGS 2039 (I).