SINGULUS TECHNOLOGIES ON THE CAPITAL MARKET
The global economy continues to remain in an expansion stage. However, the momentum has declined and during the course of the year the forecasts were further reduced. The International Monetary Fund (IMF) published that it expected a growth of the German economy of only 1.3 % for the year 2018. The prior projections had amounted to more than 2 %. At the same time, the IMF reduced the global growth forecast by 0.2 percentage points to 3.7 %. A growth rate at this level is also forecast for 2019.
In addition, in 2018 many political topics took center stage on the international capital markets. An escalating trade dispute of the US with China and also with other developed countries weighed on the general capital market sentiment. In Europe, the still uncertain exit of Great Britain from the EU is a burdening factor. If no final agreement will be reached, the United Kingdom will leave the economic union on March 29, 2019 without any transition regulations.
The interest hike cycle of the US central bank FED was continued in the year 2018. Here, in particular towards the end of the year, opinions emerged demanding a more easing conduct by the central bank, to not tighten the monetary policy more than required. In contrast, the central bank rates in Europe and Japan remained at historically low levels. However, the ECB announced that it would stop the bond purchase program as per the end of 2018.
In this environment characterized by uncertainties, stock markets around the world recorded losses. Although the S&P 500 index reached new all-time highs in September 2018, this level could not be defended and the index closed at 2,507 index points with a loss of just over 6 %. The German benchmark index DAX lost considerably more and recorded a decline of more than 18 % on an annual basis and closed at 10,559 points at the end of the year.
The SINGULUS TECHNOLOGIES stock
The share price of the SINGULUS TECHNOLOGIES stock started at the beginning of the business year with around EUR 15 and climbed to more than EUR 18 in the first couple of weeks in 2018. However, this level could not be maintained and the share price trended lower in the subsequent months.
A recover to more than EUR 15 and started at the end of September 2018. This can certainly be seen in the context that China National Building Materials, Beijing, China (CNBM) informed the SINGULUS TECHNOLOGIES AG on September 21, 2018 that it had concluded the announced purchase of a minority stake as a first step with around 13.11 % of the shares (1.166 million shares). Towards the beginning of the year 2019, the stock gave up the gains once again and traded around EUR 10 on Xetra. The share price could not stabilize at the beginning of 2019 until the end of February and dropped under the EUR 10 mark. In March 2019, the stock exceeded the EUR 10 mark and closed on March 22, 2019 at € 10.36.
Changes in the shareholder structure
The most significant change in the shareholder structure was the transfer of 1.166 million shares (around 13.11 %) to the Triumph Science and Technology Group Company, LLC, (Triumph), a 100 % subsidiary of CNBM. The SINGULUS TECHNOLOGIES AG was informed on September 21, 2018 that the announced acquisition of a minority stake as a first step had been concluded.
On January 22, 2019, the SINGULUS TECHNOLOGIES AG was informed that CNBM had acquired additional 3.64 % of the shares and that the transfer of ownership of the shares to Triumph was concluded so that the company now holder 16.75 % of the shares of the SINGULUS TECHNOLOGIES AG in total.
|Share information (as of December 31, 2018)|
|Nominal capital in EUR||8,896,527|
|Stock symbol||SNG / Reuters SNGG.DE / Bloomberg SNG.NM|
|Type of shares||Ordinary bearer shares at a par value of EUR 1 each|
The SINGULUS TECHNOLOGIES corporate bond
The bond of the SINGULUS TECHNOLOGIES AG with a nominal value in the amount of EUR 12 million is traded in the Open Market of Deutsche Börse AG at the Frankfurt Stock Exchange since July 2016. The bond is secured and has a term to maturity of five years in total ending on July 22, 2021. Overall, the bond was very stable and traded above the issue price during the course of the year. On March 22, 2019 the bonds traded at 104.5 %.
Continuous communication with capital market participants
The open and ongoing communication with all participants of the capital markets is very relevant for SINGULUS TECHNOLOGIES. We gladly provide our private and institutional investors information through various publications or during the Annual General Meeting.
Throughout the year, SINGULUS participates in several conferences and road shows in Germany and abroad to particularly present the strategic positioning and the future positioning. In addition, it is possible to obtain relevant information at all times through our website under http://www.singulus.de in the sections Investor Relations and Credit Relations, respectively.