E year in the red

may expect to start seeing signs of recovery with the onset of the summer season. MIA’s CEO welcomed the International Air Transport Association’s recent appeal to key EU policymakers to agree on a common digital European Covid-19 vaccination certificate, which would constitute a huge stride towards the safe re-opening of borders without the need for testing and quarantines.

The board is scheduled to meet on February 24, 2021, to conduct an assessment of the current situation, which continues to evolve. During this meeting, the board will be approving the company’s financial statements for the year ended December 31, 2020 and discussing other items on the agenda, including shareholder dividend.

While MIA generally publishes a forecast for the year ahead in January, given the fluidity of the current situation and limited visibility of the way ahead, the company does not have sufficient data to provide the market with reliable guidance at this time.

MIA lost 1.6%, as it traded 74 times over a spread of 47,440 shares. A €0.10 decline in price was recorded, as it closed off January at €6.10.

International plc Hotel Investments

declined by 3.5% on muted activity. Three deals involving 2,500 shares dragged the price to €0.695.

Retail conglomerate, PG plc, generated a total monthly turnover of €411,902 as 201,475 shares changed ownership across 43 transactions. The equity’s price was up by 3% to €2.06, despite reaching a low of €1.71 during the month.

Simonds Farsons Cisk plc

was active but closed flat at €7.80. A total of 30 deals involving 18,617 shares were executed.

The board of Mapfre Middlesea plc is scheduled to meet on March 25, 2021 to consider and approve the audited financial statements for the financial year ended December 31, 2020. The declaration of a dividend, if any, shall also be considered and recommended to the shareholders’ Annual General Meeting.

The equity traded 10 times over a spread of 16,315 shares, dragging the price 4% lower to €2.36.

Medserv plc announced that it has been awarded a two-year contract extension by ExxonMobil Exploration

and Production Cyprus (Offshore) Limited to continue providing shore-base management services in Cyprus. Pursuant to this extension, the Company will provide shore-base services for further evaluation of Block 10, following the natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well in year 2019. These services are to be carried out at the Company’s base situated at the DP World facilities in Limassol, Cyprus.

The company also announced that following an international tender by BP Exploration (Delta) Limited, Medserv Egypt Oil & Gas Services JSC has been awarded a contract to provide materials and warehouse management services for BP’s drilling and gas production projects in Egypt. It is expected that this contract will be serviced through Medserv’s internal resources and will not require any major capital expenditure and is expected to contribute towards an improved financial performance of Medserv Egypt Oil & Gas Services JSC. This award is another major step to broaden Medserv’s oil and gas client portfolio within this region, and together with already contracted business, further underpins the Company’s business pipeline.

A 7% fall in price was recorded, as the equity ended the month at €0.735. Four deals involving 3,458 shares were executed.

Maltapost plc announced that the Annual General Meeting will be held on February 12, 2021. The audited financial statements shall be received and approved, while the reports of directors and of the auditors will be considered, for the year ended September 30, 2020. The board shall also consider the declaration of a final ordinary net dividend of €0.04 per nominal €0.25 share, representing a final net payment of €1,506,189 in cash.

Nine deals involving 28,075 shares resulted into a 12.8% decline, as it closed at €1.16.

A sole deal of 3,000 Grand Harbour Marina plc shares dragged the price by 7.1% into the red. The equity closed at €0.65.

Similarly, Main Street Complex plc traded once over 3,500 shares, to close 0.4% lower at €0.498.

Plaza Centres plc lost 4.1%, as 218,328 shares changed hands over two deals. The equity ended the month at €0.94.

A positive 0.68% movement in price was recorded by Harvest Technology plc, as it closed off January at €1.49. This was the outcome of 19 deals involving 64,855 shares.

Loqus Holdings plc

held its Annual General Meeting. The profit and loss account and balance sheet for the period ended June 30, 2020 and the directors’ report and the auditors’ report thereon, were received and approved.

No trading activity was recorded throughout January.

In the Corporate Bond market, a total turnover of €7.6 million was recorded. During the month, out of 64 active issues, 38 registered gains while another 11 lost ground. The

6% Medserv plc Secured & Guaranteed € Notes 2020-2023 S1 T1 3

headed the list of gainers, as it closed 3.1% higher at its par value. On the other hand, the

4.35% Hudson Malta plc Unsecured € 2026

closed 2.4% lower at €100.01.

In the Sovereign Debt market, 21 issues were active, eight of which traded higher, while another 12 declined. The best performance was recorded by the 4.1% MGS 2034 (I) with a 1.4% change in price, to close at €149.00. Conversely, the 2.4% MGS 2041 (I) lost 5%, to end the month at €133.00.

In the market, 13 issues were active. The

Prospects MTF 5% Smartcare Finance plc Secured € 2029

was the most liquid, as it generated a total monthly turnover of €96,129.