After many years of losses - then in profit - but nothing but expenses due to delisting.
Funkwerk, which specializes in data and communication solutions, is delisted.
As a result, the share price falls by double digits.
Funkwerk is the next undervalued company to withdraw from the capital market.
After lengthy deliberation, the provider of communications and security technology has decided to apply for the termination of its share listing in the qualified over-the-counter segment m:access.
With the primary listing in Munich, the secondary market listing on the other stock exchanges will also end, as CEO Kerstin Schreiber
explains.
From the point of view of the Thuringian company, which has not made use of the capital market for more than 20 years and had no plans to do so in the future, the move is entirely understandable.
In addition to the costs and the disclosure obligation, the increased transparency requirements were a particular problem. As Funkwerk operates in a niche market, disclosing a lot of detailed information (such as profit margins) can prove disadvantageous in negotiations with (potential) customers.
There will be no compensation offer (in this case not required by law), neither from Funkwerk nor from Hörmann Industries, which holds around 78% of the shares.
However, this could possibly change if the share price falls significantly. On Friday (September 26), the share (EUR 31.10; DE0005753149) had already lost 17% of its value.
The opportunities to sell the share at a reasonable price following the delisting are likely to be limited.
Therefore, sell Funkwerk now.
