RS2 announces a new €1.5 million contract

This afternoon, RS2 Software plc issued its Interim Directors’ Statement updating the market on its performance in the second half of the year. Apart from the €5 million licence and service agreement concluded in September, the Company was awarded another similar agreement worth €1.5 million. Moreover, the Company revealed that is in advanced negotiations with respect to yet another licence agreement as well as being close to concluding the first 3-year deal with respect to the new managed services offering. RS’s Directors expect the results for 2012 to be better than those registered in 2011 when the company registered a pre-tax profit of €2.38 million.

On the secondary market, Bank of Valletta plc recovered some of yesterday ex-dividend adjustment with a 0.8% rise to regain the €2.399 level across ten trades totalling 12,710 shares. However, the Bank’s equity still ended the week 2.5% lower. HSBC Bank Malta plc strengthened its positive movement this week with a further 1.7% increase during this morning’s session to close at the €2.70 level on low volumes of 3,156 shares.

Various other equities closed in positive territory today with Simonds Farsons Cisk plc reaching a new all-time high of €2.43 across 2,100 shares. GO plc surpassed the €1.00 level for the first time this month with a 1% increase to the €1.01 level on four deals totalling 12,000 shares.

Low volumes were also registered in Malta International Airport plc. The share price regained the €1.77 across 3,000 shares following yesterday’s announcement in which the airport operator revealed that the 2012 results will exceed those registered in 2011 when MIA registered a pre-tax profit of €18.9 million.

Meanwhile, significantly higher volumes traded in MaltaPost plc as 124,283 shares changed hands today. The share price of the postal operator recovered from an intra-day low of €0.719 to end this morning’s session 2.7% higher at €0.75.

On the bond market, the Rizzo Farrugia MGS Index was again practically unchanged around 999.800 points level as Eurozone yields remained below the 1.35% level. Yields in Germany struggled to surpass the 1.35% level this week given the concerns over Greece and the worsening economic outlook for the region as it entered the second recession since 2009.