MIDI to sell several commercial premises

The MSE Equity Price Index decreased by 0.15% to an almost two-month low of 3,724.225 points as the declines in BMIT, BOV and Quinco outweighed the gains in GO, HSBC and MaltaPost. Meanwhile, six other equities closed unchanged as today’s trading activity was muted at around €37,000, the lowest in over six months. Download today’s Equity Market Summary.

Today, MIDI plc announced that it entered into promise of sale agreements with Basel Capital Limited, whereby MIDI plc and its fully owned subsidiary T14 Investments Limited promised to sell the temporary utile-dominium for the remaining period of the ninety-nine years that commenced in June 2000 over the eleven commercial premises which underlie the Pjazza Blocks as well as the building known as Unit T3, all situated at Tigné Point, Sliema. The promise of sale agreements are valid up to 30 April 2026. The consideration for the sale amounts to €10.2 million with the payment to be made on the final deed of sale. The agreement is subject to several conditions which need to be satisfied prior to the final deed of sale. The company noted that the properties are currently leased out individually to third party tenants except for one which is being used as a sales office by MIDI. The current total annual rental income attributable to the properties amounts to €657,000. The eleven commercial properties are currently hypothecated as security for repayment of MIDI’s €50 million bond which is due to mature in July 2026. MIDI explained that it intends to use the proceeds from the sale towards the redemption of the bond.

BMIT Technologies plc slumped by 6.9% to the €0.27 level over four trades amounting to 28,100 shares.

Bank of Valletta plc shed 1.0% to the €1.90 level albeit over trivial volumes.

Quinco Holdings plc fell by 2.0% to a new low of €0.98 on a single trade of 4,000 shares.

On the other hand, MaltaPost plc surged by 10.3% to a one-year high of €0.505 on a single deal of 310 shares. Last Thursday, MaltaPost published its full-year results for the financial year ended 30 September 2025. Revenue increased by 6.3% to €42.7 million while operating profit surged by 37% to €6.2 million. Net profit attributable to shareholders improved by 39% to €4.0 million. The Directors declared an unchanged final net dividend of €0.024 per share, which will be paid on 18 March 2026 to all shareholders as at close of trading on 16 January 2026 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled for 19 February 2026.

GO plc gained 1.6% to the €2.48 level on two trades amounting to 2,000 shares.

HSBC Bank Malta plc moved 0.7% higher to the €1.42 level over five deals amounting to 6,562 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.48 level over four trades amounting to 10,250 shares.

Also in the banking sector, Lombard Bank Malta plc held the €0.64 level albeit over trivial volumes.

International Hotel Investments plc remained at the €0.43 level on muted activity.

A single trade of 517 shares left the share price of Malta International Airport plc unchanged at the €5.80 level. Today, MIA announced that last week it had purchased 2,797 shares at an average price of €5.84. Furthermore, last week MIA cancelled 50,404 shares, which are all of the shares re-purchased through the share buy-back programme until 30 November 2025.

Mapfre Middlesea plc held the €1.39 level on low volumes.

Simonds Farsons Cisk plc traded flat at the €5.40 level as 370 shares changed hands.

The RF MGS Index declined by 0.06% to 898.970 points as euro area yields continued to rise with the German 10-year bund yield reaching a two-year high of 2.91%. Crude oil prices rebounded from last week’s year-to-date low of under USD55 to around USD58 as the US started ramping its sanctions on Venezuela as well as an escalation of geopolitical tensions between Russia and Ukraine. Meanwhile, the CEO of the Federal Reserve Bank of Cleveland, Beth Hammack stated that the Federal Reserve is well positioned to leave the federal funds rate unchanged until clearer economic indicators emerge regarding inflation and unemployment.

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.