MSE Roundup: Grand Harbour Marina announces dividend

During today's trading session on the Malta Stock Exchange, MaltaPost plc climbed 4.6% on high volumes of over 150,000 shares. The strong demand for the shares of the postal operator helped the price close at the €0.80 level, just minimally below the 2010 high of €0.801.

Earlier this morning MaltaPost announced that its financial results for the six months ended 31 March 2010 will be published on Thursday May 13.

Bank of Valletta shares were also in high demand today as 33,985 shares were exchanged helping the equity edge 0.7% higher to €3.318. BOV is also shortly due to announce its interim results for the six months ended 31 March 2010.

Meanwhile, Grand Harbour Marina plc published its 2009 full-year results and the directors recommended the payment of a final net dividend of €750,000 (€0.075 per share subject). Shareholders as at close of trading on Friday 28 May will be eligible for this dividend. The company managed to achieve a positive EBITDA excluding berth sales during 2009 of €152,602.

On the bond market, the Premier Capital plc bonds commenced trading today following the recent successful €25 million issue. Following the heavy over-subscription, the price rose by 150 basis points (1.5 per cent) to 101.50% as €40,300 (nom) traded.

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