MSE Daily Trading Report, 9 December, 2020

 

MSE Equity Total Return Index	8,451.278 points	-0.14%
MSE Malta Government Stocks Total Return Index	1,136.206 points	0.03%
MSE Corporate Bonds Total Return Index	1,097.365 points	0.17%

 

• The best performers were  MaltaPost plc (+4.6%), Medserv plc (+4.5%) and Trident Estates plc (+2.7%).
• The worst performers were RS2 Software plc (-1%), Bank of Valletta plc (-0.9%) and PG plc (-0.5%).
• Bank of Valletta plc registered the highest liquidity as 76,546 shares were spread across 13 transactions, worth €81,351.

 

• Harvest Technology plc provided the market with an update of the company’s 2020 performance to date, and expectations for the next financial year.
  • The company has outperformed its 2020 forecast. As at September 30, 2020, it generated a profit before tax of €2.9 million against the €2.4 million forecast for the first nine months of 2020.
  • This positive trend is expected to be sustained for the remainder of 2020.
  • The board expects the company to experience growth in profit in its consolidated performance in 2021, notwithstanding the current economic challenges resulting primarily from the Covid-19 pandemic.

• • The second half of 2021 is expected, however, to witness significant improvement.
  • For the financial year ending December 31, 2021, the company projects revenue in the region of €19.5 million, as against the €18.3 million projected for the period reported in the registration document.
  • Similarly, profit before tax is projected at €4 million as against the €3.4 million projected in the prospectus, and earnings per share are projected at €0.11 as against the €0.09,7 projected in the prospectus.
  • Administration costs are expected to remain broadly unchanged in 2021.
  • EBITDA margins are projected to increase to 25%, as against the increase to 23.9% projected in the prospectus.
  • Having considered the above, dividends per share of €0.06 per annum are expected to be maintained in 2021
• • By the end of Q2 2021, the company aims to achieve important development milestones in key business areas pursued by the group of companies of which Harvest Technology plc is the parent.
  • The Group will invest further to upgrade its technology platforms to ensure that Apcopay services are both scalable as well as versatile.
  • The success registered by PTL in Mauritius in partnership with IBM, has provided the company with invaluable experience in this respect.
  • Moreover, APCO Ltd is actively exploring new opportunities in South Africa, and a significant amount of preparatory work has already been concluded.
  • Aside from focusing on developing its growth internationally, the Group will also be considering investment opportunities with a view to strengthening and complementing its business portfolio.
  • Click here to download announcement.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	76,546	81,350.54	13	1.060	-0.93
GO	421	1,456.66	1	3.460	0.00
IHI	14,234	10,423.66	3	0.740	0.00
FIM	25,000	9,451.87	1	0.458	-0.43
MDS	900	526.50	1	0.585	4.46
MTP	5,845	6,721.75	4	1.150	4.55
RS2	16,000	32,407.40	9	2.040	-0.97
TML	36,001	27,000.75	2	0.750	0.00
MPC	53,074	26,537.00	2	0.500	0.00
PG	2,000	3,820.00	1	1.910	-0.52
TRI	1,620	2,511.00	1	1.550	2.65
BMIT	31,100	15,239.00	5	0.490	0.41
HRV	22,300	32,723.55	6	1.470	1.38

 

The Corporate bonds traded today were:

	Closing Price	% Change
5.8% International Hotel Investments plc 2021	100.000	0.00
4.25% GAP Group plc Secured € 2023	103.500	0.01
4.4% Von der Heyden Group Finance plc Unsecured € 2024	102.000	0.49
5.3% Mariner Finance plc Unsecured € 2024	106.000	0.46
5% Tumas Investments plc Unsecured € 2024	101.990	1.80
5% Hal Mann Vella Group plc Secured € 2024	105.000	0.24
5.1% 1923 Investments plc Unsecured € 2024	100.900	0.10
4.5% Hili Properties plc Unsecured € 2025	100.500	-0.50
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026	98.000	0.00
4% MIDI plc Secured € 2026	101.990	0.68
3.75% Premier Capital plc Unsecured € 2026	102.000	0.00
4.35% SD Finance plc Unsecured € 2027	99.980	0.99
4% Eden Finance plc Unsecured € 2027	99.950	0.00
4% Exalco Finance plc Secured € 2028	101.500	0.00
4% SP Finance plc Secured EUR Bonds 2029	100.990	0.04
3.75% TUM Finance plc Secured € 2029	100.500	-0.50
3.5% Bank of Valletta plc € Notes 2030 S2 T1	100.000	-0.50
3.25% APS Bank plc Unsecured Sub € 2025-2030	102.700	1.18
4.25% Mercury Projects Finance plc Secured € 2031	101.990	0.00
4.5% Shoreline Mall plc Secured € 2032	100.200	0.00

 

The Government Stocks traded today were:

	Closing Price	% Change
4.3% MGS 2022 (II)	106.680	-0.03
4.8% MGS 2028 (I)	136.780	0.03
2.3% MGS 2029 (II)	123.000	0.41
5.25% MGS 2030 (I)	147.000	0.33
4.45% MGS 2032 (II)	145.910	-0.06
4.3% MGS 2033 (I)	145.000	-0.07
2.1% MGS 2039 (I)	128.000	0.00
3% MGS 2040 (I)	143.250	-0.52

 

The Prospects MTF bonds traded today were:

	Closing Price	% Change
5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028	100.000	3.09
4.75% KA Finance plc Secured Callable Bonds 2026-2029	99.500	0.00%

 

This article, which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA and is a Member Firm of the Malta Stock Exchange. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email [email protected].