BOV, RS2 and MPC push MSE Index higher

MSE Daily Trading Report, 25 January, 2021

 

MSE Equity Total Return Index 8,222.793 points 0.12%
MSE Malta Government Stocks Total Return Index 1,145.346 points -0.34%
MSE Corporate Bonds Total Return Index 1,099.109 points -0.05%

 

  • The best performers were RS2 Software plc (+3%), Malta Properties Company plc (+2%) and Bank of Valletta plc (+0.2%).
  • The only negative performer was HSBC Bank Malta plc (-3%).
  • BMIT Technologies plc was the most liquid as total turnover stood at €22,834. Two deals involving 47,485 shares were executed, leaving no impact on the previous closing price of €0.48.

 

  • RS2 Software plc announced its interim directors’ statement to provide the market with an update on the Group’s 2020 performance and expectations for the next financial year.
    • Despite the world economic crisis and the challenges brought about by COVID-19, the year 2020 has been a year where significant revenue contracts have been entered into and during which a number of strategic clients across regions in Asia-Pacific (APAC), North America, Europe and Latin America (LATAM) have transitioned from implementation phase to live processing.
    • In response to the COVID-19 global crisis, RS2, as a service provider, triggered its Business Continuity Plan (BCP) to continue providing its services with no impact or interruption to business. The Group is sufficiently liquid to ensure it can meet all its obligations as and when they fall due in order to continue the implementation of its strategy.
    • The pandemic should accelerate the digital transformation into card payments. Payment systems have proved to be resilient and reliable, as they have been in earlier crises. Notwithstanding
      the fact that the importance of non-cash payments is growing rapidly, any projections on industry performance rest on assumptions surrounding overall economic activity. The COVID-19 pandemic can indeed be an accelerator for card payments globally with the right triggers in place from governments, retailers and consumers.
    • During 2020, the Group executed strategic milestones to increase its customer base and diversify its global business across various regions.
    • Through the Group’s recent investments in quality relationships with new premium clients, RS2 reported an increase in the volume of transactions processed on its platform during 2020 when compared to those processed in 2019. This increase is expected to progress with a gradual increase from RS2’s current clients as well as the on-boarding of new clients
    • By way of an extraordinary resolution of the shareholders taken on December 15, 2019, the RS2 has increased its authorised share capital from €12,000,000 to €18,000,000, increasing its authorised
      ordinary share capital from 200,000,000 ordinary shares to 240,000,000 ordinary shares of €0.06 each and additionally creating a new class of 60,000,000 preference shares of €0.06 each. The increase of the authorized share capital would provide the Company with the capacity and flexibility needed to further increase its issued share capital in the near future to react in a timely manner to opportunities and to be able to bring on board strategic investors which will enhance shareholder value, if and as needed.
    • Click here to download announcement

 

The Equities traded today were:

Symbol Code Volume Traded Value Traded Trades Closing Price % Change
BOV 16,478 15,643.68 8 0.950 0.21
HSB 10 8.15 1 0.815 -2.98
MMS 110 231.00 1 2.100 0.00
MIA 408 2,488.20 3 6.100 0.00
RS2 60 123.60 1 2.060 3.00
MPC 21,433 11,145.16 3 0.520 1.96
PG 11,000 22,660.00 2 2.060 0.00
TRI 600 888.00 1 1.480 0.00
BMIT 47,485 22,834.00 2 0.480 0.00
HRV 3,400 5,032.00 1 1.480 0.00


The Corporate bonds traded today were:

  Closing Price % Change
5.8% International Hotel Investments plc 2021 100.300 -0.20
3.65% GAP Group plc Secured € 2022 100.110 -1.84
4.4% Von der Heyden Group Finance plc Unsecured € 2024 101.190 -0.10
5% Tumas Investments plc Unsecured € 2024 102.500 0.00
5.1% 1923 Investments plc Unsecured € 2024 101.000 0.00
5.1% 6PM Holdings plc Unsecured € 2025 101.200 0.00
3.7% GAP Group plc Secured € 2023-2025 Series 1 101.980 -0.02
4.35% Hudson Malta plc Unsecured € 2026 102.000 0.00
4% MIDI plc Secured € 2026 103.000 0.00
4% International Hotel Investments plc Secured € 2026 101.700 0.00
4% Shoreline Mall plc Secured € 2026 101.500 1.50
4% Merkanti Holding plc Secured € 2026 102.000 0.10
5% Dizz Finance plc Unsecured € 2026 99.990 0.09
3.25% AX Group plc Unsec Bds 2026 Series I 101.450 0.00
4% International Hotel Investments plc Unsecured € 2026 100.000 0.00
3.75% Bortex Group Finance plc Unsecured € 2027 102.100 0.10
3.85% Hili Finance Company plc Unsecured € 2028 100.000 0.50
3.65% Stivala Group Finance plc Secured € 2029 102.190 -0.35
3.8% Hili Finance Company plc Unsecured € 2029 99.500 0.10


The Government Stocks traded today were
:

  Closing Price % Change
5.1% MGS 2022(I) 108.480 -0.09
5.5% MGS 2023 (I) 114.260 -0.09
4.5% MGS 2028 (II) 134.750 -1.64
4.45% MGS 2032 (II) 147.500 0.00
4.3% MGS 2033 (I) 146.000 -1.35
2.5% MGS 2036 (I) 129.000 -0.77
2.1% MGS 2039 (I) 128.500 -1.15
3% MGS 2040 (I) 143.500 0.70
2.4% MGS 2041 (I) 132.500 -1.85


The Prospects MTF bonds traded today were:

  Closing Price % Change
5.5% Testa Finance plc € Bonds 2029 97.500 -1.42


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]