Malita share issue oversubscribed
The new share issue of Malita Investments plc was closed this afternoon due to oversubscription.
Malita, which was set up to fund the City Gate Project, will be exercising the over-allotment option of the additional 10 million shares and as such it will issue and list 30,000,000 new 'B' shares.
The company will be publishing the allocation policy by August 2 in accordance with the prospectus dated July 2.
Malita Investments plc was set up in June last year by the government as an investment holding company with the mandate to acquire, develop and manage both public and commercial real estate properties.
The government holds 118,108,062 ordinary ‘A’ shares in the company.
Meanwhile shallow trading activity was evidenced across the secondary market with the MSE Share Index easing 0.1% lower to 3,126.626 points.
The share price of Malta International Airport plc retreated by 1% to €1.77 as the equity turned ex-dividend as from today.
The net interim dividend of 3c per share will now be paid on September 10.
GO plc also closed in negative territory with a 1% drop back to the €1.05 level across two small deals totalling 1,096 shares.
Meanwhile, 4,296 Bank of Valletta plc shares traded today at the €2.09 level, unchanged from the previous close.
On the bond market, the Rizzo Farrugia MGS Index edged 0.1% higher to 993.308 points as Eurozone yields slid back to the 1.23% level this morning.
However, later on in the day, benchmark German bund yields surged to a two-week high of 1.34% after the European Central Bank's President Mario Draghi stated that the ECB will do whatever is necessary to save the euro.
This statement also eased some of the concerns over Spain and Italy with Spanish 10-year yields dropping back to the 7% level whilst Italy's borrowing costs eased closer to the 6% level.
Mr Draghi's statement also lifted the euro which regained the USD1.23 level against the US Dollar. Similarly, equity markets rallied with the FTSE 100 currently 1.3% higher and the German DAX up 1.7%.
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Johnny Xerri
Jul 27th 2012, 15:11
What a sad country Malta has become...no wonder we had the 70's doom and the GonziPn doom...
We cannot even sum up 1+1 = 2 unless told so by PN or PL.
This issue has nothing to do with economic strength of the country or else economic weakness.
The fact that the share issue was oversubscribed simply means that...and fullstop.
This could be due to a multitude of factors, such as;
1. large institutional buyers,
2. wealthy foreigners seeking diversification,
3. construction industries (buying underhand in order to have some leverage),
4. many locals who bought small amounts,
5. few locals who both large amounts.
None of these indicate economic prosperity or weakness.
If one wants to gauge economic wealth one should see;
1. The GDP (in which Malta has registered 2 consecu tive declines...entering into a rescission for the second time sincethe 1st recession in 2008).
2. Trade data.
3. SILC (survey on income and living conditions)
4. Statistics on income levels (i.e. the spectrum of different incomes in Malta), the average wage, the minimum wage, and how many people are in each bracket.
5. Number of people in employment, number of people unemployed, the participation rate, and the working age population.
6. National debt (esp that which is foreign owned...the common perception is that our debt is owned by nationals...however, we are never issued a statement by the stock exchange in which this officially verified...for all I know it could be that all national debt (gov bonds) are owned by Maltese or only partly owned)
Gauging economic strength of a country by share purchases, or number of people buying a pizza is pure partisan blinkered justification of official statists (and not JM or PL or Pipa or Pepu) showing that Malta entered in a recession.
If you don't believe that Malta is in a recession...then we might as well close down the NSO...remove all the accountants and auditors who verified the company accounts before data was passed on to NSO...employ a few of the commentators hereunder and start gauging recessions and booms by the number of pizzas we see being sold or the number of gemgem we here grumbling.
John Azzopoardi
Jul 27th 2012, 12:01
In Malta there is still a lot of money around and many foreigners also deposit money here, including hedge funds, mid easterns, etc. That is why when you have a good return on these bonds, they are eaten up. These funds are being bought by institutional investors not the general public. The general public does not have the means to keep buying these government issuances.
N Azzopardi
Jul 27th 2012, 16:22
That is what you say. I'm sure that a lot of Maltese have bought these shares, and not as you stated. We know for sure that the Maltese people have always been very careful and put aside a part of their earnings. When you consider that a big percentage of the Maltese own their own houses. That says it all.
Dominic Vella
Jul 27th 2012, 10:38
Bla Bla Bla
The Government is selling these shares, and will sell others in the near future, just to benefit from a loop hole in the European law. This law states that if a government sells 30%+ of any project or business to the public, the loans (debt) related to the specific project can be omitted from the budget and financial reports.
In a nutshell we are trying to hide the actual amount of debt our counrty has.
If for many of you this is good governance I really pity you.
Its funny how the EU is giving the impression that its playing hard ball with those countries that have financial problems when the EU itself created an escape route to enable these countries to hide their debts.
Finally....I hope all those who bought these shares understood clearly how much they are likely to earn when deducting all the charges and taxes.......I predict they are in for a nasty surprise!
Mark. Galea
Jul 27th 2012, 10:18
Illum faqar biss hawn ... Kemm konna ahjar fil-golden 70's ... hekk qed jippruvaw jghidulna ...
Johnny Xerri
Jul 29th 2012, 07:54
the malita shares were bought by only 1250 investors...does this imply that all the remaining Maltese are as rich as these 1250?
the purchase of financial instruments has no bearing on financial situation of a population...if you want to know anything about that just see the GDP per capita, income distribution (and the genie coeficiant), Survey on income and living conditions, trade data...
The 70's, the PN era, and the gonzi pn era...has got nothing to do with the Malita issue.
Reginald Borg
Jul 27th 2012, 09:56
Dan hu sinjali car ta' fiducja fil-Gvern prezenti!
Long live the political prophets of doom!
Dan hu sinjal iehor car li hawn flus fl-idejn!
Long live the political prophets of gloom!
Dan hu sinjal car li l-maltin ghad ghandhom fiducja fil-banek lokali!
Long live the political spoilsports, envious and jealous!
Johnny Xerri
Jul 29th 2012, 07:57
flus flidejn...lol...they were bought by 1250 individuals...
fiducja fil banek lokali...what has trust in local banks got to do with share purchase
what has political alliance or support has to do with purchasing sahres in a project...investors were enticed by the promised 7% (gross) divident...nothing todo with politics
George Cutajar
Jul 27th 2012, 09:47
When major European economies are on the brink of sinking, when government bonds in Spain, Italy and Greece are snubbed, when workers in France, Italy, Greece and Spain are out in the streets voicing their concern about their future, when the comuni in Sicily fear bankruptcy by mid August here in Malta the Government offers shares in a newly set-up company and they are over subscribed.
Whoever says that we have a crisis is simply talking nonsense. This country is moving ahead at breakneck speed and all mainly due to the foresight of a PN Government.
Just imagine what these four years would have been like had Dr. Gonzi not have to contend with the internal bickering but focusing solely on the economy and the running of the country.The PN has always had clear policies as to where it wants to take the country and this as opposed to Labour whose only interest is getting to the seat of power without any plan as to where they will take the country with the chance that we will end up against a brick wall as happened in 1996.
Joseph A Borg
Jul 27th 2012, 09:17
I want independent statistics on wealth distribution in Malta. For example wealth in the US is currently accumulating in savings held by middle/top earning baby boomers and corporate/billionaire funds.
In the US, the middle and lower classes are currently worst off then the 70s. Youths are finding it difficult to find jobs. They are going through what Italy went through: kids are staying with their parents trying to pay their student loans.
I'm not seeing proper statistics corroborated by both parties, unions etc… we're full of hot talk about Istrina, government bonds and shares yet these only show that there's money, not how it's distributed.
Mark. Galea
Jul 27th 2012, 08:30
Nahseb li fl-ahhar tal-gurnata ahjar "FQAR" taht il-PN milli "SINJURI" taht l-(M)LP. ghax nista nimmagina x'ser ikun il-"GID" kbir li qed ihabbar d-dear leader - awsterita stil North Korea.
Eddy Privitera
Jul 28th 2012, 09:07
Mark Galea: Mhux sorpriz bil-hmerija li hrigt biha ! Wara kollox , l-awsterita qieghda wkoll f'pajjizi ta' dik li kienu bellghuhielek li se tkun l-ART IMWIEGHDA - l-UE !!!!!!!
george camilleri
Jul 27th 2012, 08:16
jista x hadd jejdli kemm inxtraw min nies ta paga min 600 euro u 1200 euro paga jew nies li hadu 500 fil ghima xtrawom u il hbieb tahom halina gonzinu
Joe Fenech
Jul 27th 2012, 00:25
Giov De Martino, Today, 19:41
"U tal-karozzi? 33 karozza KULJUM johorgu."
The same car thing happened in Greece. People were buying SUVs and BMWs....on credit! Remember that Malta has a massive deficit despite that it is receiving heavy funding through the EU post-accession funds!
Once those funds end, Malta will be worse off than Greece!
mark borg
Jul 26th 2012, 20:29
zgur xtrawhom dawk li qed jaqilu 700 ewro fix xhar dawn .....u bxi 500 mija minnhom dejn mal bank fuq xi appartament ta 4 kmamar u bla bejt !(li bhalhom hawn hafna mill pajjiz) ....jew forsi aktar hemm cans li xtrawhom nies tip ta dawk li gieghli ziduhom xi 500 ewro fil gimgha...minbarra li jkunu jiprattikaw il professjoni ohra taghhom?
.min jaf tajjeb kieku naraw ezatt xi lista bl ismijiet .....nassigurakhom li tlett kwarti taghhom ikun xtrawhom il banek ,minbarra it tip ta nies li semmejt aktar il fuq.
Marco Galea
Jul 26th 2012, 20:13
Ara ejja nghidu li habba l-faqar kbir li hawn dawn KOLLHA inxtraw minn miljunarji jew investituri ... imma stenn, Joseph Muscat li qieghed ixxamplat Sqallija ma qalx li habba l-instabbilita' l-investituri qed JIBZAW jinvestu??!! issa x'gara? :/
Eddy Privitera
Jul 26th 2012, 23:50
Marco Galea: Mela l-investituri barranin jigu biex jinvesetu fix- shares ??? Iddahhaqniex !
Edward Curmi
Jul 27th 2012, 09:47
@EDDY...barranin jew maltin sur EDDY dan ifisser li mux jkollox dlam kif ihobb jpingi il leader tieghek...!!
Eddy Privitera
Jul 27th 2012, 17:31
Edward curmi: X'differenza hemm li x-shares inhatfu ? MHux l-istess ilu jigri ghal-ghexieren ta' snin la jekk wiehed ipoggi flusu l-bank ma jiehu KWAZI XEJN f'imghax ???
B'daqshekk hawn xi had jahseb li l-Gvern m'ghandux problemi ikbar finanzjarji ?? Jew li l-faqar mhux qed jizdied, kif spiss jghid Mons- Victor Grech u ohrajn ???
Karl Farrugia
Jul 26th 2012, 19:46
I simply cannot fathom the drivers behind certain comments in this blog......solely aimed to politicise everything that breathes in this blessed country. The share issue was simply put an invitation by the Company to the investing public to participate in the funding of two developments in Valletta. Clearly there was and will always be a degree of controversy about the Theatre and Parliament building but the decision was taken by the House of Parliament project to take his forward and we have to respect this decision. The evident success of this Share issue, was clearly driven by the fundamentals of the Company where a number of investors saw value in this investment opportunity.......period!! Let's not drag this in the political fora as this was simply the result an investment decision by a number of investors.
Alfred Cassar
Jul 26th 2012, 21:51
WEll said. Prosit, but in here every bit of news is politicised
Pippo De Marco
Jul 27th 2012, 15:10
There none so blind as those who cannot, or do not want to see.
Blissful ignorance, or political blinkers ? - Either way, you are missing the bigger picture.
m piscopo
Jul 26th 2012, 19:38
jien ma nistax nithem kif certu nies iwegghu zaqqhom bis success li jkun ghamel il gvern minflokk jiehdu pjacir bil gid, dan ghaliex ma jkunx il partit taghhom fil gvern. Din jien ma nistax nifimha.
Joe Vella
Jul 26th 2012, 19:32
Once the allocation policy is published will all we know who bought these shares. To the Gloom and Doom Crowd, I say do not be surprised that overwhelming demand came from individual subscribers as has been the case in the past when the Government issued calls for its' Bond.
j brincat
Jul 26th 2012, 19:30
Would be interesting to have a split up i.e. personal investors vs institutional!
(jb)
Mr Joe Micallef
Jul 26th 2012, 20:39
It would be interesting if you decide to unwrap your grey matter!
I feel safe that you and many others support the PL but if you really believe in the PL you should be the first to insist that your party tells you how it intends to do better than the present administration and that is no mean feat.
Contrary to you blinkered evaluation this administration has performed extremely well in a catastrophic context - this latest oversubscription is just one in a string of undeniable acknowledgements!
Edward Curmi
Jul 27th 2012, 09:48
@Joe Micallef...they are not saying how they can do better because they can't do better...the electorate will notice once the PL is in office !!
Pippo De Marco
Jul 26th 2012, 19:13
In return for the promise of a small return, the small minded people sold their heritage down the river. - Meanwhile, I marvel at how cheaply some people's minds and souls can be bought.
I hope that everyone who 'invested' in this fiasco is proud of themselves for helping Gonzi to inflict his hideous carbuncle and his roofless insult on this nation's once-proud capital.
I feel sure that La Vallette would salute you, then turn in his grave.
Joseph Apap
Jul 26th 2012, 19:51
Is 7% low return Since when?
Mr Joe Micallef
Jul 26th 2012, 20:43
Nonsense Pippo!
Apart from the fact that you have no knowledge of the avant garde thinking of the Knights. As they always wanted the best La Vallette would surely be proud of Piano's work.
Moreover saying that 7% is pittance says it all!
M Attard
Jul 26th 2012, 21:56
@ joseph Apap 7% is the gross dividend. These where issued as shares, therefore tax on dividends is 35% & not 15% as with bonds, The net dividend is in fact somewhere around the 4.58%. The 7% is not guaranteed as per prospectus sections 14.2 & 20.2 dividend policy!!!!
B. Cachia
Jul 26th 2012, 22:51
That's 7% gross, which means that it's about 4.55% after taxes, and it's only guaranteed for a couple of years.
Pippo De Marco
Jul 27th 2012, 00:27
To those Gentlemen who know the price of everything and the value of nothing I say, Yes, 7% is a excellent return in this day and age; but then there's always money to be made from distasteful and unsavoury activities. And, as the saying goes, "Beware of Greeks (and Politicians) bearing gifts" - Nothing comes for free.
As for Piano... I actually like some of his work, but a Piano piece in Valletta is as out of place as a pork sausage at a bar mitzvah. La Vallette wanted a city built by gentlemen for gentlemen. - So what happened ?
Gonzi's monument is not only pretentious, ugly and out of place, but it symbolises the art of re-directing money (previously used for the benefit of everyday taxpayers) into a non-revenue generating company that pays high dividends from imaginary profits to those who support the cause. The scheme is pure genius. Not only does it rob Peter to pay Paul, but it pays Paul's friends and their families too.
Not that Paul and his supporters care a jot about their fellow countrymen and women being deprived, just as long as they get 7% for their souls.
Paul Gauci
Jul 27th 2012, 01:37
7% is not a huge return if you consider that you have to pay35% tax on it. There are bonds at 6% or 7% and the tax on them is only 15%.
Eddy Privitera
Jul 28th 2012, 09:28
Pippo De Marco: As you said: Valletta was built by gentlemen for gentlemen. But the new parliament was built by Renzo Piano FOR JUST ONE MAN - LAWRENCE GONZI !!!!!!!!
W Cassar
Jul 26th 2012, 19:12
I had no doubt that this would be oversubscribed . The question is who is buying them, I doubt its the average Joe.
Joseph Fenech
Jul 26th 2012, 19:12
Apparti s shares, kellna zieda fit turisti f Mejju, tal air cinditions b nifishom maqtugh bl ordnijiet, hafna jinvestu fil pannelli fuq il bjut u kull fejn tmur nies jixtru u jieklu barra. U dan hawn krizi. Mela kieku bla krizi x kapaci naghmlu?
A. Borg
Jul 26th 2012, 19:41
Ghadna wkoll 7.8% ta nies li kapaci jahdmu jirregistraw. Ghadna eluf tan-nies li qed ihallsu l-kontijiet tad-dawl u l-ilma b'pagament kull xahar. 57,444persuna li jinsabu f'riskju ta' faqar f'Malta.( http://president.gov.mt/glieda_kontra_l-_faqar). Fuq ir-rubini mexjien!
Giov DeMartino
Jul 26th 2012, 19:41
U tal-karozzi? 33 karozza KULJUM johorgu.
JJ Agius
Jul 27th 2012, 08:15
@ A.Borg.
7.85 jirregistraw ghax jridu !kif hawn daqshekk barranin jahdmu .Jien Taht kull gvern hdimt u bicca xoghol nahtafa mhux nibza minnha!
J.J
Eddy Privitera
Jul 28th 2012, 09:13
Giovann Demartino: Meta rajt li ma stajtx tmeri dak li kiteb A. Borg, dort fuq il-karozzi ! X'kien ma semmejtx kemm nies jieklu l-pizza wkoll kulljum ?????
Eddy Privitera
Jul 28th 2012, 09:25
Joseph Fenech: U LI STATSITICI UFFICJALI JURU LI F'MALTA IL-BEJGH NAQAS B'XI 7 FIL-MIJA !!!!!!!!!
Eddy Privitera
Jul 26th 2012, 18:51
Ix- Shares ta' Spanja, l-Italja, l-Irlanda, il-Grecja u lPortugal ukoll kienu inhatfu la kellhom imghax gholi ! Allura b'daqshekk il-finanzi ta' dawk il-pajjizi huma fis-sod ??????
Philip Hili
Jul 26th 2012, 19:10
@ eddy prvitera.
X'ghandhom x'jaqsmu ix-shares tal-Grecja u l-postijiet kollha li semmejt.
Mark Mifsud
Jul 26th 2012, 19:26
Bonds you mean....
G Portelli
Jul 26th 2012, 19:41
Eddy do you know the difference between shares and bonds? ha ha
Louis Muscat
Jul 26th 2012, 21:13
Eddy, jekk ma titkellimx tghamel figura isbah.
M Attard
Jul 26th 2012, 21:58
Sorry these are Preferential shares not Bonds!!!
Joseph E Briffa
Jul 26th 2012, 23:56
Eddy ser iddum thawwad? Jaqaw ma hadtx gost bil-oversubscription fil-progett? Is-soltu sour grapes. Il veru laburisti ma jihdux pjacir bis-successi wara successi wara successi tal-PN u ma jahmlux jaraw il-pajjiz dejjem miexi 'l quddiem allavolju bil-bsaten fir-rota mil- opposizzjoni li dejjem tiftahar li ghandha l-interess tal-pajjiz. Veru Malta l-ewwel u qabal kollox. Din bhal tal-Oraklu. Tiftiehem skond fejn taghmel il-pawsa.. Hares lejn il-kommenti tal-laburisti u ghandek iggib ghajnejk wara widnejk bil-ghira li ghandhom.. Dejjem l-istess nofs tuzzana ismijiet imaqdru is-successi tal-PN. Tibda tahseb li dawn in-nies mhallsin biex dejjem johorgu bis-soltu cucati u jobsqu l-mibeghda. Ghandhom dwejjaq kbar fuqhom. Kliemhom jixidhom. Patetici.
M. Chircop
Jul 27th 2012, 09:21
sur Privitera, il-gargarella li ghandek ghas successi ta dan il-gvern qed igalek thawwad. dawk li irreferejt ghalijom int huma Bonds u mhux shares. ara sewwa jieghdu ta li tal LABOR l'GHADU TAL-PROGRESS!
HENRY FENECH AZZOPARDI
Jul 27th 2012, 09:47
Unbelievable Eddy your doom and gloom has no limits. All that is done by Gonzipn is rubbish even if these are acknowledged by quite a good number of investors, who show trust in the issues of these shares. These same shares were also guaranteed to be honoured by Joseph Muscat himself and still you downsize the initiative.
Maybe ix xemx tiltla biss ghalik meta L PL jew IC CNI ikunu fil gvern.
Philip Hili
Jul 27th 2012, 11:21
Eddie Privitera
No wonder why Dr. Emails when he utters something, the only thing he has to say is:-
Gvern laburista gdid immexxi minni jaghti GARNAZIJA lis-settur tan-negozju, lis-settur privat, lill-istudenti, lill-mara tad-dar, lil dak u lil iehor!! Ghax qieghed jinkixef b'niesu stess!!!!
Mhux qeghdin taraw kemm jiehdu gost bis-success ta' haddiehor li wara kollox huma ser igawdu jekk Alla hares qatt jahtfu l-gvern! Dawn huma l-fatti li qeghdin juruhomna huma u mhux qlajjiet!!
Kompli Eddy dewwaqna ftit mill-passat moqziez ta' Muscat Labour Party!!
Grazzi.
Eddy Privitera
Jul 27th 2012, 17:57
Philipm Hili: U zgur li ghandhom x'jaqsmu ! Mhux l-istess inhatfu ghax kellhom imhhax gholi ??? Allura anke f'dawk il-pajjizi, setghu juzaw l-istess argument li qieghed tuza int !!!
Eddy Privitera
Jul 28th 2012, 09:17
Sinjuri apologisti ta' dan il-gvern moribond ta' GonziPN, humiex shares, bonds jew preferential shares, mhux importanti. Pero nixtieq nistaqsi lil kull wiehed li kiteb jiddikjara HU kemm xtara - jew talab biex jixtri -minn dawn il-Bonds jew Preferential Shares !
A Spiteri
Jul 26th 2012, 18:46
what's the percentage of individuals who got any of these shares?...this is the question you gonzis should ask!
M Grima
Jul 26th 2012, 18:33
It would be interesting to know how much the institutional investors have taken out of this allotment.
steve portelli
Jul 26th 2012, 18:09
bix tkejlu kemm hawn flus saqsu lil arms kemm issospendew id dawl lil djar u hwienet sissa bil gonzi pn
N Azzopardi
Jul 26th 2012, 18:31
Tghidx hmerijiet. Forsi lil dawk li jilghabu hafna flus fis-super5. Saqsi kemm inbieghu air conditioners s'issa ghal dan is-sajf, jew cempel li xi technician halli taghti service jew jirrangalek xi hsara fl'a/c, Halluna, kollha ghira, ghax il_PL lanqas jibda
Mark Vella
Jul 26th 2012, 18:07
Sinjal tal-gid li qed jaghmel dan l-gvern, (bit-tajjeb u l-hazin tieghu) imma meta nahseb, nippreferi s-sitwazzjoni li qedin fiha, milli Alla hares qatt nkunu taht l-MLP, jistagna l-pajjiz u naqaw ghal xi 10 snin lura.....
J. Pace
Jul 26th 2012, 18:14
10 snin ftit habib...30 - 40 snin iwa imma ghaz-zmienijiet tas - 70s u 80s...tinsiex ghadhom l-istess nies u ma tridx tkun gharef biex tinduna li ghadhom bl-istess mentalita wara dawn snin kolla!
Joe Vella
Jul 26th 2012, 17:48
Daqqa qawwija ohra f'wicc Joseph Muscat and the PL.
A. Schembri
Jul 26th 2012, 22:10
uuuh qed nghidlek....zgur tilfuha l elezzjoni issa il PL xD
iddaqnix joe. dak li tisma fuq in net zommu alik mate ;)
ANTHONY PAVIA
Jul 27th 2012, 17:23
More likely the taxpayer that has been forced (surely without his consent) to pay double the going rate. And this makes business sense to you?
J. Pace
Jul 26th 2012, 17:28
It is interesting to see when PL is in goverment, what it is going to happen about this venture. Will they continue supporting it as they said?
Only time will tell...
Joseph Fenech
Jul 26th 2012, 17:17
M'HAWNX FLUS UKOLL !!!!!!!!!!!!!!!!!!
BHAL GRECJA, SPANJA, IRLANDA, PORTUGAL U ISSA L - ITALJA QEGHDIN !!!!! L - ISTESS.
F'ELEZZJONI IL - POPLU JERGA JAFDA IL - PARTIT NAZZJONALISTA GHAX MINKEJJA XI ZBALJI MATUL IT - TRIQ, HUWA L -UNIKU GVERN LI JIGGARANTIXXI XOGHOL U FUTUR GHAZ - ZAGHZAGH KIF UKOLL STABBILITA EKONOMIKA U FINANZJAJA.
William Caligari
Jul 26th 2012, 17:16
Success fuq success!!!
Id-data ta' l-elezzjoni, please!!!
N Azzopardi
Jul 26th 2012, 17:15
No comments from Privitera ? Fejnu l-guh u poverta li ghidu li hawn ?
William Caligari
Jul 26th 2012, 17:40
N.Azzopardi,
Rajtu dak it-tallab il-lum fuq il-gurnal,
hdejn il-forestals ix-xatt ta' Sliema/Gzira?
Personalment rajtu.
Probabbli dak ghamel 'share' ta' eluf ta' ewro,
mhux hekk tghid?!!!?!!
A Camilleri
Jul 26th 2012, 18:34
Let me tell you where. Go round the entertainment spots and restaurants any day of the week and see whether you can find them empty. All choc a bloc. Go and ask the gabbani tal-lottu and see whether the Maltese had money to spend on lottery tickets. Try and look for someone to do up your home or paint your house - they won't turn up as they are fully then up by other contracts. Kien hawn ghaks u guh imma fis sebghinijiet!!!
Eddy Privitera
Jul 26th 2012, 18:37
N. Azzopardi: Xi stennejt ? mhux li jinhatfu la l-imghax hu ta' 7% kif qeghdin ihallsu Spanja u l-Italja minhabba l-krizi li ghandhom ??
Issa sib lilmin qieghed jahdem bil-minimum wage, lil min qieghed jahdem biss part-time, lil min qieghed jahdem xoghol prekarju, lil min hu qieghed U STASIHOM KEMM INVESTEW F'DAWN I-ISHMA ??IiMABGHAD GHIDLI !
G Portelli
Jul 26th 2012, 19:42
Hemm hu Eddy jaghllimna fuq id-differenza bejn il-bonds u s-shares. Ha jmur iffittixha fil wikipedia
Eddy Privitera
Jul 28th 2012, 10:42
G. portelli:mela ma qrajtx it-titlu tar-rapport ? " MALITA SHARE ISSUE OVERSUBSCRIBED " !!!!!! Shares isemmi ! Jew allura tat-Times ukoll ma jafux id-differenza bejn shares u bonds ???
Louis Craus
Jul 26th 2012, 17:07
Tahsbu li dawn ix-shares xtrahom cikku l- poplu ?
Mhux dawk li s-soltu jiehdu l- kuntratti mill-istess Gvern?
Inti tahseb lis-super five jilghabuha min ghandu l- flus jew min m'ghandux?
Min m'ghandux flus, ma jista' jixtri xejn, anzi dejn jaghmel, u jittama li xi darba jirbah il- lotto.
Philip Hili
Jul 26th 2012, 17:42
@ Louis Craus
Louis, taf li hemm ghanqud gheneb hemm fuq, tilhqu? Nahseb jekk ma tilhqux hu daqxejn qares hux!!!!
Maaa!!! b'min irid jimxi l-pajjiz!!! X'ghanda x'taqsam is-surper five??
Ghalhekk Muscat Labour Party faqghana bil-proposti li ghandu!!! Ghidlu jibqa' sejjer hekk ghax jekk jibqa' sejjer hekk, lanqas 20 sena ohra ma tarawh hemm fuq. Hux Austin Gatt qalilkom 20 sena, kif inthom sejrin, ghandkom 30 sena fil-bankijiet ta' l-oppozizzjoni.
G Portelli
Jul 26th 2012, 19:44
Louis ma jidhirlekx li f'erbgha sentenzi hawwadt lilek innifsek?
Nghid jien jekk is-super five ma jilghabiex min m'ghandux flus allura kif fl-istess hin min m'ghandux flus jittama li jirbah il-lottu. Hawwadni ha nifhmek.
Philip Hili
Jul 27th 2012, 11:37
@ George Portelli
Tidhawwad izjed bil-kumment ta' Louis Craus meta tara li ghalkemm kif qieghed ighid hu is-surper five (li ma ghandha x'taqsam xejn mas-suggett) ma tintlaghbx, kif titla' fil valur min gimgha ghal gimgha??
George Debono
Jul 26th 2012, 16:58
This is truly fantastic news. Now i KNOW the PN will win the election. Joseph can bleat, but the Maltese have put their money where their mouth is. Congratulations to all, especialy Mr. Camilleri
M Borg
Jul 26th 2012, 16:46
And still some compare us to Greece !
Peter Borg
Jul 26th 2012, 16:40
Would be interesting to know who bought. Was it mainly small private shareholders or predominantly large institutional investors ?
George Debono
Jul 26th 2012, 17:00
Small investors...overwhelmingly. The banks hardly touched them
Philip Hili
Jul 26th 2012, 17:33
@ Peter Borg
Int aqwa!!
"or predominantly large institutional investors ?"
What's the difference between the small private shareholders and the predominantly large institutional investors?
IF THERE WAS A RISK, THIS RISK IS NOT FOR BOTH )=( SMALL PRIVATE SHAREHOLDERS AND THE PREDOMINANTLY LARGE INSTITUTIONAL INVESTERS)???
X'differenza? forsi jekk jinxtraw miz-zghir, biex tifhimni, hemm riskju u allura mhux tajbin imma jekk jinxtraw mill-kbir - biex tifhimi ma hemmx riskju!!!! Pet, thawwadtx please.
Eddy Privitera
Jul 26th 2012, 18:45
George: If, as you say, the Banks " hardly touched them", then the Banks are very dubious about these shares.
Usually the Banks buy quite a lot of local shares which are guaranteed by the Maltese government.
Edward Gatt
Jul 26th 2012, 19:32
@ Eddy Privitera
Usually Banks buy lots of Government Bonds, as far as I know there are no shares which are guaranteed by the Malta Government.
Alfred Cassar
Jul 26th 2012, 22:03
Please Eddy, stop confusing people about Bonds and Shares. If you have no idea about the difference just shup up, please
Peter Borg
Jul 27th 2012, 09:39
@ Hili : It is standard practice to make this sort of analysis when equities ( or other instruments for that matter ) are launched my friend. I suggest you refrain from commenting when you are not well versed in a particular subject matter.
@ the others : Usually it is the institutional investors who would have taken decisions based on proper risk and return analysis. If they did not touch this issue, it is definitely significant !
Philip Hili
Jul 27th 2012, 11:54
@ Peter Borg
" I suggest you refrain from commenting when you are not well versed in a particular subject matter."
Peter, parlajt hafna, qiesek il-gvernatur tal-bank centrali u l-mistoqsija li ghamilt hrabtha!
Veru jew mhux veru li jekk kien hemm xi riskju, il-banek kummercjali ma kienux ser jiehdu riskju u jinvestu f'"shares" riskjuzi? DEJJEM JEKK KIF QEGHDIN TGHIDU DAWN SETGHU INXTRAW MILL-BANEK??????
Fl-ahhar mill-ahhar, il-flus li hemm fil-banek mhux flus il-publiku? Nahseb li bhala espert fuq din il-materja, ghax jien m'hinix, il-banek mhux flus in-nies ikunu qeghdin ihaddmu (jinvestu) meta jinvestu huma ghan-nom tal-klijenti taghhom? Allura x'xifferenza hemm bejn il-publiku u l-banek kummercjali? Differenza wahda hemm u din hi li jekk jinvesti l-publiku ikun ser jehu l-imghax kollu hu, pero jekk jinvesti l-bank f'ismu, il-bank ikun irid jaqla' xi haga apparti l-fatt li ma nafx kemm ser takkwista imghax bi flusek il-bank....u r-ruh ha tifhem issa.
Eddy Privitera
Jul 28th 2012, 12:24
Alfred Cassar: Rrajtu t-titolu tar- Rapprort tat-Times ? " MALITA SHARE ISSUE OVERSUBSCRIBED " !!!! SHARES JEW BONDS SUR CASSAR ?
Ed Camilleri
Jul 26th 2012, 16:35
Shame on GonziPN for.... (Oh I don't know... someone will find a reason somehow.)
R. Saliba
Jul 26th 2012, 19:45
Good one mate!!!
ANTHONY PAVIA
Jul 27th 2012, 09:59
Let me give you one.
The Minister of Finance declared that the national debt ballooned in the first half of the year so he would take advantage of the low interest rates prevailing and secure the full year's borrowing commitments. So why was not the same strategy followed with Malita? Why give away a guaranteed capital and return of 7%?
An intelligent answer would be appreciated (no innate politically slanted stupidities please).
Philip Hili
Jul 26th 2012, 16:25
Maaaa!!! x'disastru!! lanqas ittiehdu ix-"shares" tal-kumpanija "Malita"!!!!
Ara kif gie sfiducjat il-gvern ghax wara kollox din il-kumpanija il-Gvern halaqha!!!
Nahseb kollu rizultat ta' "l-incertezza" li hawn!!!
Muscat Labour Party, x'tahseb?
"The new share issue of Malita Investments plc was closed this afternoon due to oversubscription.
Malita, which was set up to fund the City Gate Project, will be exercising the over-allotment option of the additional 10 million shares and as such it will issue and list 30,000,000 new 'B' shares"
Jista' l-poplu jaghtikom risposta izjed minn din? Min jaf x'ser jghid Eddy Privitera?!
Taf fej tezisti l-incertezza? Fil-kurituri ta' mohh dak li lanqas id-data tal-budget ma kien jaf, u fil-kurituri ta' Dr. Emails. Hemm biss tezisti l-incertezza.
Robert Caruana
Jul 26th 2012, 16:23
The general public is strongly supporting the Valletta Projects.
Another success story. Well Done.
C.E Agius
Jul 26th 2012, 16:34
Well done tassew, pero,kemm minn dawn is-shares inxtraw mill-banek? No polemics plse. Just a question to substantiate MT's statement. Please don't turn the guns on me nothing to do with politics.
Jonathan Camilleri
Jul 26th 2012, 16:39
I was doubtful whether this was a good investment, but basing on our cultural heritage, it might be a good investment.
Philip Hili
Jul 26th 2012, 17:03
@ C.E. Agius
X'differenza tohloqlok jekk inxtrawx mill-banek jew le?
Wara kollox, il-flus li hemm fil-banek, mhux flus il-Maltin?
Jekk kif qieghed tispekula int dawn gew mixtrija mil-banek, ma tahsibx li kieku l-banek ma kienux certi, il-banek ma kienux ser jirriskjaw? U meta jirrizkjaw, ikun qed jirriskjaw flus il-Maltin!!!
Possibbli ma tafx li l-banek ihaddmu l-flus li jafdawlhom il-Maltin?
Nahseb kienet daqxejn domanda perikoluza u forsi ghalhekk ghidtilna "don't turn the guns on me nothing to do with politics."
Mario Tabone
Jul 26th 2012, 16:20
And they say there is no money and everybody is struggling or dying of hunger. More of the same please !!!!
Mr saviour magro
Jul 26th 2012, 16:46
Qed tara kemm inti inteligenti Sur Tabone.iggiefiri qed tghid li jekk qedin tlieta min nies u xtrajna ix shares jien u int biss iffisser li tielet persuna hija miljunarja bhalna u mhiex qeda tbati.mur ghand tal hwienet tal merca u ssaqsi kemm qed innizlu il-kontijiet tal klient taghhom fuq il-pitazz ax il paga ma sservihomx ghax ma tajdx li hawn sezzjoni ta nies li sejra lura bhal granc u ergajna gejna zmien it- tallaba.
Philip Hili
Jul 26th 2012, 17:07
@ saviour magro
Sur Magro taf li ghadni kif had tender ta' 30,000,000 Euros ghal pitazzi biex inqassamhom fil-hwienet halli jikunu jistghu inizzlu il-kontijiet tal klient taghhom!!!
U hallina nghixu fil-kwiet salv.!!!!! Lanqas daqshekk ma tirrikonoxxi!! Anke l-verita' trid iddawwarha!!
Joseph Scicluna
Jul 26th 2012, 17:15
@ saviour magro
tista tighdilna dawn it-tallaba li int qieghed issemi min qieghed ihallashom u jekk humiex membri ta dik il-famuza union indipendenti?
Please choose the reason of your report below: