Issue link: https://maltatoday.uberflip.com/i/879686
maltatoday, WEDNESDAY, 27 SEPTEMBER 2017 12 Business Today Regular market closed – 26/09/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t BOV 16,947 35,527.67 8 2.100 2.090 2.090 2.099 -0.001 t FIM 4,161 2,954.31 1 0.710 0.710 0.710 0.710 -0.015 s GO 5,000 17,900.00 1 3.580 3.580 3.580 3.580 0.040 s HSB 8,500 16,221.50 2 1.910 1.901 1.901 1.910 0.009 s IHI 4,694 2,794.52 3 0.604 0.580 0.580 0.604 0.034 t LOM 18,335 40,460.82 5 2.215 2.200 2.215 2.200 -0.015 s MIA 32,147 141,526.27 7 4.410 4.400 4.400 4.410 0.020 s MMS 5,530 10,588.89 3 1.938 1.842 1.842 1.938 0.058 s MTP 5,000 9,924.78 2 2.000 1.980 1.980 2.000 0.020 s SFC 500 4,500.50 1 9.001 9.001 9.001 9.001 0.001 t G19A 100,000 112,880.00 2 112.880 112.880 112.880 112.880 -0.430 t G20B 2,700 3,021.30 1 111.900 111.900 111.900 111.900 -0.030 t G21A 23,500 27,932.10 2 118.860 118.860 118.860 118.860 -0.120 s G22A 10,000 12,385.00 1 123.850 123.850 123.850 123.850 0.150 l G22B 13,100 15,589.00 2 119.000 119.000 119.000 119.000 0.000 t G28A 3,300 4,417.71 1 133.870 133.870 133.870 133.870 -0.070 t G28B 45,000 58,932.00 1 130.960 130.960 130.960 130.960 -0.370 s G32A 14,000 19,228.80 2 137.370 137.070 137.070 137.370 0.580 t G32B 100,000 133,860.00 3 133.950 133.650 133.950 133.650 -0.300 s G36A 30,300 31,894.87 3 105.290 105.250 105.250 105.290 0.040 t G39A 179,000 177,774.20 11 99.980 99.000 99.000 99.180 -0.320 t G40A 10,000 11,423.00 1 114.230 114.230 114.230 114.230 -0.070 t G41A 25,000 25,822.50 1 103.290 103.290 103.290 103.290 -0.710 l BV19A 26,000 26,728.00 4 102.800 102.800 102.800 102.800 0.000 t BV20A 10,000 10,250.00 2 102.500 102.500 102.500 102.500 -2.500 t CB21A 3,000 3,105.30 1 103.510 103.510 103.510 103.510 -3.480 s GC21A 15,000 14,854.42 2 99.260 99.000 99.000 99.260 0.260 t GH27A 14,400 15,004.60 4 104.490 103.750 104.200 103.750 -0.730 t HB18A ,000 8,344.00 1 104.300 104.300 104.300 104.300 -0.200 t HM24A 26,000 27,535.00 4 106.000 103.500 106.000 103.500 -2.500 s IH21A 3,000 3,120.30 1 104.010 104.010 104.010 104.010 0.010 l IH25A 800 845.60 1 105.700 105.700 105.700 105.700 0.000 t IH26A 4,800 4,908.59 3 102.510 102.100 102.510 102.100 -0.410 s MD26A 3,100 3,185.25 1 102.750 102.750 102.750 102.750 0.240 l MI22A 3,000 3,127.50 1 104.250 104.250 104.250 104.250 0.000 s MS23A 1,200 1,296.00 1 108.000 108.000 108.000 108.000 1.500 t PC26A 4,500 4,632.20 2 103.000 102.800 103.000 102.800 -0.200 t PT24A 2,800 2,842.28 1 101.510 101.510 101.510 101.510 -2.190 l SD27A 24,400 25,132.00 2 103.000 103.000 103.000 103.000 0.000 t SF27A 37,600 39,101.94 4 104.000 103.990 103.990 104.000 0.750 Market Summary as at 26/09/2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 99 Volume Traded ................................................................. 844,314 Value of € denominated securities .................................... 1,108,618.41 Value of US$ denominated securities ................................ 2,954.31 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 2.100 0.48% Medserv plc .................................. 1.200 0.00% FIMBank plc .................................. 0.725 0.00% Mapfre Middlesea plc .................... 1.880 0.00% GlobalCapital plc ........................... 0.330 0.00% MIDI plc ........................................ 0.310 0.00% GO plc ........................................... 3.540 0.85% Plaza Centres plc ........................... 1.050 0.00% Grand Harbour Marina plc ............. 0.894 0.00% RS2 Software plc............................ 1.735 0.00% HSBC Bank Malta plc ..................... 1.901 0.00% Simonds Farsons Cisk plc ............... 9.000 0.00% International Hotel Investments plc 0.570 0.00% Tigné Mall plc ................................ 0.960 -1.84% Lombard Bank Malta plc ................ 2.215 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.749 0.00% Santumas Shareholdings plc ......... 2.190 0.00% Malta International Airport plc ....... 4.390 1.62% Malta Properties Company plc ........ 0.503 0.00% MaltaPost plc ................................. 1.980 0.00% PG plc ........................................... 1.400 -0.71% MSE Index Business terms explained Starting your own company can be a costly business. Knowing where to find the funding will have a huge impact on whether your idea is viable. Check out these fund- ing sources and see if any of them could be relevant to your business plan. Personal savings For anyone with cash tucked away for a rainy day, personal savings can be one of the cheapest and easiest ways to inject funds into your business. It will only cost you the interest that will be missed on your savings - as long as the business does well. Pros • No interest to pay • You don't give up any control • You don't have to convince anyone else Cons • If the business fails, you lose your savings • Only an option if you have already been able to save. Factoring A common cash-flow problem for small companies is getting clients to pay up. Factoring is an efficient way of doing this by essentially 'selling' your invoices to a specialist company that will chase your clients on your behalf. The result: you get paid on time and have healthy cash flow. You won't get an extra cash injection, but getting the money you're owed quickly could be key to expanding effectively. Pros • Provides near-instant invoice payments • Frees up your time (no more chasing customers for payment) • Many factoring companies offer a trial period, so you can see if it is right for you before you commit Cons • You'll have to give up some of your revenue • It's not a way to raise money to start up or expand - you're only getting what you already earned Commercial mortgages A mortgage is a type of loan used to buy land or buildings. You can also take out a mortgage on property you already own, allowing you to make use of the money tied up in it. Pros • Offers tax benefits • You will no longer be at the mercy of a landlord • Tailored to suit your repayment expectations and budget • Limits capital expenditure, freeing up cash for business ventures • Could be cheaper than renting Cons • If you can't keep up, you could lose your premises • You'll be responsible for upkeep of any property you buy • Requires you to have the money for a deposit Venture capital This involves selling a stake in the business for cash. Be warned though: most venture capitalists shy away from providing start- up cash and look to buy into a business when it requires second-stage funding to take it to the next level. Pros • Some venture capitalists may help steer your business in the right direction • The investor is taking on some of the risk • Investment can help to convince others of the strenght of your business Cons • You'll have to give up some control of your business • You're unlikely to get funding for a start-up • You'll have to negotiate a good deal with an experienced businessperson • Investment deals may come with extra terms and conditions Business loan It is quite common for company start-ups to approach a lender for a business loan. A lender will want to see a detailed business plan before handing over any cash. They may also expect the loan to be secured against some form of collateral, an asset such as property, that could be forfeited if the business becomes insolvent. Be warned though, securing a loan against property is risky. Pros • People tend to feel more comfortable with a loan because they have a greater understanding of them • Having to convince a lender to take the risk can help identify problems with your business Cons • You'll have to make repayments - whether business is going well or not • Ultimately, you'll pay back more than you borrow • A secured loan could put your assets at risk