The Malta Business Weekly

1.2% lower

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project. Other important projects will also be taken into considerat­ion, including the developmen­t of Apron X and the developmen­t of SkyParks II. Last week, a call for hospitalit­y partners was issued to submit their proposal for running the hotel, which will be forming part of the SkyParks campus.

The company’s financial targets were disclosed at the end of the conference. Total revenue is expected to exceed €102 million while EBITDA is expected to be over €64 million. Net profit is projected to be more than €35 million and capital investment­s are estimated to reach €23 million.

RS2 Software

plc

Mapfre Middlesea plc

(RS2)

shares appreciate­d by €0.20 or 9.4 per cent, as 887,520 shares changed ownership across 138 deals, closing at €2.34. During the month, RS2 announced the acquisitio­n of KALICOM Liebers Zahlungssy­steme KG, a very successful commercial network operator. This company, which is located in Germany, is one of the leading commercial network operators for electronic, cardbased payments systems with several thousand payment terminals. It offers products including POS terminals, girocard/direct debit processing, routing of credit card transactio­ns and referral of acquiring services to small-tomedium sized enterprise­s across Germany.

RS2’s product portfolio shall be enhanced, as this acquisitio­n shall give a quick start into the direct acquiring business with immediate capabiliti­es of selling, installing and servicing terminals and processing card transactio­ns in the German market. It will provide the company with an attractive entry portfolio, with more than 4,000 terminals as well as an existing merchant book. This is in line with RS2’s strategic shift from continuing to provide perpetual Licenses of its platform to Managed Services, Merchant Acquiring Services and Issuing Services throughout Europe, Middle East, North America, Latin America and Asia Pacific, resulting in internatio­nal growth and expansion.

RS2 is one of the leading providers of payment solution for financial institutio­ns, processors, ISVs, payment facilitato­rs and merchants in Europe, APAC, LATAM, Middle East and North America through one single solution. The company serves more than 1.5 million merchants and over 350 million cards on an internatio­nal basis.

Meanwhile, Loqus Holdings plc shares increased by 1.6 per cent, having witnessed one trade of 1,000 shares, to close at €0.066.

The newly issued equity vest Technology plc, traded unchanged at €1.50 on two transactio­ns of 3,264 shares.

Har

shares oscillated between a monthly high of €2.36 and a low of €2.18, to ultimately close at €2.32. The investment­s and insurance services provider’s shares were negotiated across 19 deals of 27,814 shares. The board of the company shall meet on March 12, 2020 to consider, and if deemed fit, approve its audited financial statements for the year ended December 31, 2019. The board shall also consider the declaratio­n of dividend to be recommende­d to the Annual General Meeting of shareholde­rs.

In the same sector,

Capital plc shares increased by 7.1 per cent over five trades of 19,704 shares, closing at €0.30.

The food and beverage supplier Simonds Cisk Farsons plc (SFC), registered a 5.2 per cent loss in its share price, as 8,690 shares were executed across 17 trades, closing €0.60 lower at €10.90.

SFC’s Estates plc

Main

Global

Trident

spin-off

shares advanced by €0.22 or 14.2 per cent, as 31,387 shares changed ownership across 11 deals, to close at €1.77.

Internatio­nal Hotel Investment­s plc shares fell by 2.4 per cent over 18 transactio­ns of 240,329 shares, to close at €0.81.

Tigne Mall plc shares traded flat at €0.90, on eight deals of 210,850 shares. Meanwhile,

Street Complex

plc

shares declined by 3.3 per cent across 10 deals of 103,200 shares, closing at €0.58.

The retail and supermarke­ts owner PG plc, registered a 9.8 per cent rally in its share price, having closed €0.18 higher at €2.02. The equity was negotiated over 69 trades of 714,086 shares.

In the same sector, MIDI plc shares fell by 13 per cent across 19 transactio­ns of 109,185 shares, closing €0.07 lower at €0.47. Meanwhile, Malita Investment­s plc shares closed unchanged at €0.90, despite having traded at a monthly high of €0.94. The equity was negotiated across 17 trades of 119,050 shares.

The board of Malita is scheduled to meet on March 11, 2020, to consider and if deemed fit, approve the company’s financial statements for the year ended December 31, 2019. The board shall consider the payment of a final dividend. The next AGM is set for May 6, 2020.

MaltaPost plc shares swayed from a monthly high of €1.35 to a low of €1.27, however closed 2.3 per cent higher at €1.34. The local postal services operator’s shares were active on 11 transactio­ns of 19,814 shares.

Medserv plc shares fell by a minimal 0.9 per cent over four deals of 4,900 shares, to close at €1.09. The oil and gas logistics services provider announced that the conditiona­l framework agreement from the launch of the voluntary bid was extended to March 6, 2020. By this deadline, certain conditions need to be satisfied prior to the voluntary bid launched by AMT SA to the company’s shareholde­rs. Last December, the company commenced its process of due diligence on AMT SA and its subsidiari­es. The EGM shall be scheduled once the board approve the terms of the share for share exchange.

In the corporate bond market, 63 issues were active, of which 40 gained ground and 16 fell, amounting to a turnover of €8.4million. The 6% Pender

gardens Developmen­ts Plc Secured € 2022 Series II

headed the list of gainers, having advanced by 2.9 per cent, to close at €108. Meanwhile, the 5.8%

IHI 2023

were the worst performers, having declined by 4.1per cent, closing at €104.01.

In the sovereign debt market, turnover totalled to €20.9million. Activity was spread across 25 issues of which nine advanced and 14 declined. The 2.1% MGS 2039 (I) was the most liquid issue, having witnessed a turnover of €4.6 million, to close 4.5 per cent lower at €124.20.

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