Crimsonwing plc announces three new contracts

This afternoon, Crimsonwing plc issued an announcement revealing three new international contracts, namely: a €2.5 million Microsoft Dynamics project in the Netherlands for a 3-year project; a €2.5 million Dynamics ERP project for a leader in the printing industry and an eCommerce global roll-out for a world leading nutrition and health company. Crimsonwing’s share price remained unchanged at the €0.85 level today on a single deal of 10,000 shares. The company is expected to publish its interim financial statements as at 30 September 2013 by the end of this week.

Also in the IT sector, 6pm Holdings plc shares failed to hold on to an intra-day high of GBP0.75 as it closed today’s session unchanged at the GBP0.70 level across four deals totalling 32,392 shares. Meanwhile, the share price of RS2 Software plc inched minimally higher to €2.302 on a single deal of just over 1,000 shares.

The only other positive performer was HSBC Bank Malta plc as the equity reversed some of its recent declines with a 2% increase to regain the €2.60 level albeit on low volumes of 2,370 shares. Meanwhile, Bank of Valletta plc ended the session unchanged at the €2.60 level across eleven trades totalling 14,403 shares. The Bank is scheduled to hold its Annual General Meeting on 19 December.

On the other hand, the share price of Malta International Airport plc slipped a further 2.4% back to the €2.08 level across two deals totalling 10,000 shares. Yesterday, local media reports revealed that Flughafen Wien (owner and operator of Vienna Airport) is planning to dispose of all its international investments including its stake in MIA. Nonetheless, the article also explained that Flughafen Wien had contractual obligations in Malta until 2017.

The share price of GO plc dropped by 0.9% to the €1.63 level across 38,236 shares. Higher volumes were registered in Malita Investments plc as its share price slipped 0.2% to €0.53 across 239,520 shares.

The equity of MaltaPost plc also closed lower with a 1.8% decline to the €1.10 level on volumes of 4,060 shares. The Company will be publishing its September 2013 full-year results on 6 December.

The only other active equity was Medserv plc as 1,000 shares traded unchanged at the €3.35 level. The will be split on a 2.5 for 1 basis on Tuesday 3 December.

On the bond market, the Rizzo Farrugia MGS Index gained for the fifth consecutive session with a further 0.1% increase to an almost fresh 4-week high of 1,022.86 points as Eurozone yields slid towards the 1.70% level. Benchmark yields eased today on speculation that the European Central Bank (ECB) is planning to inject liquidity though another Long-Term Refinancing Operation (LTRO) comprising low interest rates for European banks.