Tag: stock
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Bank of Valletta to allow 5%+ shareholding
At its upcoming Annual General Meeting, Bank of Valletta is expected to approve several important changes, including the appointment of two new directors, the continuation of its share buyback programme and changes to its shareholder structure. The bank is also proposing to remove the current 5% ownership limit, a move it says would improve liquidity…
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Malita Investments’ chart looks like a slow train-wreck in the making
Various press reports have been reporting that Malita Investments is in dire financial straits. We have not yet taken a look at the financials, and we will publish an article about this aspect durign the weekend. In the meantime, we have taken a look at the stock chart of Malita Investments and it looks like…
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HSBC Malta shares rise by 6.28% following announcement of sale to CrediaBank
HSBC Malta’s stock price has opened 6.28% higher compared to yesterday’s close at €1.33 and hitting a high of €1.43 during trading hours this morning. Yesterday, following the market’s close, HSBC Malta announced that HSBC Continental Europe was to sell its 70.03% shareholding in HSBC Malta to CrediaBank in a potential transaction via a put…
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Hili Group’s dip into Maltese banking with a stock purchase
The news that Hili Group is the buyer of Unicredit’s to% share of Bank of Valletta was met with a resounding silence by the usual expert commentators of finance in the mainstream press. This is a big event in the small world of local finance and for various reasons. Hili Group and one of Malta’s biggest…
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Simonds Farsons Cisk to restructure its food businesses into single, separate and public off-shoot
The Farsons Group is to restructure all of its food business activities and food subsidiaries including Quintano Foods Limited and Food Chain Limited from Simonds Farsons Cisk and put them into one single entity listed publicly on the stock exchange. Quintano Foods is Farsons’ food importer and distributor while Food Chain Limited is the company…
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Bank of Valletta’s stock price climbs 4.1% into earnings: earnings go better than expected for Q3
Bank of Valletta’s stock price has risen by 4.1% over the past two weeks leading up to its earnings call yesterday. The bank’s stock price has been going higher ever since it announced it intention to execute share buybacks next year. It has also consistently posted good earnings during this year. Yesterday, the bank announced…
