https://timesofmalta.com/article/auditors-flag-concerns-dizz-group-finances.1114474
Prospective investors in Malta need to tread very carefully as recent events have revealed that certain local business entities must be laden with gross incompetence and mismanagement rendering them untrustworthy. Others are mainly dependent on public land and assets awarded to them by successive governments. How these are approved to have bonds issued on the MSE is dubious to say the least. During these past few months we have experienced Mercury towers registering millions of losses in 2024, Med Hub is now in dire financial difficulties, the Midi Manoel island saga, Shoreline having their assets frozen, HIli trying to hoodwink their shareholders and now Dizz. holdings are also in dire straits. Tread carefully and do not rely on your stock brokers or agents. When reading the prospectus take note of who are the Board Directors and the Auditors. As an example I would think carefully if Auditors such as RSM and PKF the Auditors of MCAST figure in the process.
Investing in Maltese companies on the Malta stock exchange
byu/seonage59 inmalta
Posted by seonage59
6 Comments
They will just issue new bonds to repay the redeeming ones, and the Maltese people will just gobble them up since financial literacy in Malta is ass. These people idea of investment is limited only to local bonds and/or property. I guess it’s still better than keeping all your cash in the BOV 0% interest yield savings account. My parents once mentioned one of their bond holding went bankrupt and they lost the principal on it, however, it’s a relatively rare occurrence so I wouldn’t worry too much about it. I indulged in a couple of local bonds myself during the recent interest rate boom, to balance out my portfolio a bit. What worries me most is the MSE Equity market – it’s been stagnant for years. Even with the 0% capital gains incentive I wouldn’t put a dime in it, except maybe MIA and BOV.
To be honest, I don’t think it’s worth the effort to invest in the local market, too small, too expensive, untrustworthy corporate governance, undiversified etc
Anyone can go, open an account with a trustworthy broker from abroad and invest in more developed and diversified markets.
The local market it’s just not worth the effort
A total waste of
Rigged
The Maltese market is too small and riddled with junk bonds. Their existence stems solely from the sweetheart deals they make with local stockbrokers, who push these bonds onto unsuspecting clients and profit from the commissions.
Invest in money laundering instead.