ABO Wind was converted into a stock company in the year 2000. In the beginning, shares (ISIN: DE0005760029) were traded on off-exchange platforms like Valora. Between 2012 and 2016, the share was traded over the counter on the Düsseldorf stock exchange. Since August 2016, ABO Wind is listed on the Hamburg stock exchange.
The Managing Directors have committed to their shareholders to ensure a listing at no less than the current over-the-counter market level in case the current listing in Hamburg is terminated, for which there are no indicators.
Increasing free float
Shares are rarely traded due to a unique shareholder structure: The founders’ families own more than half of the shares, the energy supplier Mainova holds another 10 percent.
We aim to increase free float to make the share more attractive. As a first step, ABO Wind issued convertible bonds: Between May 2018 and February 2019, more than 300 investors bought approxi-mately 767,000 bonds with a par value of 11.5 million euros. These bonds can be converted into regu-lar shares at a ratio of 1:1 in October 2019.
Regular dividend distribution
In recent years, ABO Wind shareholders have profited from a good share price performance and regular dividend distributions. The largest part of our net profit is allocated to retained earnings to finance the operative growth and keep the equity ratio at more than 40 percent. The dividend payout ratio is at around 20 percent of our net profit.
Financial Figures per Share
|Book value (as at 31.12.)
|Share price (as at 31.12.)
|Price-earnings ratio (as at 31.12)
|Class of shares
||no-par bearer shares
|WKN / ISIN
||576002 / DE0005760029
||Stock exchange Hamburg
||German Commercial Code (HGB)
Dr. Karsten von Blumenthal, Analyst at First Berlin Equity Research, has published several ratings of the share since April 2017. You will find the latest publications here:
Guido Hoymann from Metzler Bank has been analysing the share since September 2019.
- Update First Berlin, 9 October 2019, Rating: "buy", price target; 22,50 Euro
- Update Metzler, 1 October 2019, rating: "buy", price target: 23.70 Euro
- Initial assessment Metzler, 9 September 2019, rating: "buy", price target: 23.70 Euro
- Update First Berlin, 5 August 2019, Rating: "buy", price target; 22 Euro
- Update First Berlin, 13 June, 2019, Rating: "buy", price target; 22 Euro
The families of Matthias Bockholt und Dr. Jochen Ahn, both founders and Managing Directors, each hold approximately 31 percent of the shares. Both have divided their share among their spouse and three children. None of these ten shareholders owns more than 9 percent of the shares.
Thus, the largest single shareholder is Mainova AG, an energy supplier based in Frankfurt/Main, owning approximately ten percent of the shares. The doctors’ pension fund of Baden-Württemberg holds another 6 percent, while 22 percent of shares are in free float.
Unlike the regulated market, investors in over-the-counter trading are not legally obligated to report when their voting rights cross a certain threshold. Only if another company owns more than 25 percent of the shares, it has to inform the company. Thus ABO Wind does not have an overview of their shareholders or the number of shares they hold. Most of the information mentioned above comes from voluntary disclosures of the investors and the registrations to the Annual Shareholders’ Meeting.
Share price development
On the website of the stock exchange Hamburg, you can find the current share price as well as information about the previous share price development.
For a chart of the period between September 2012 and September 2016, please go to the website of the stock exchange Düsseldorf.
At Bloomberg, you can find a chart reflecting both listings, Düsseldorf and Hamburg.
In the 11 years before the listing in Düsseldorf, shares of ABO Wind were traded off-exchange at Valora. In this period, there has been a nine-fold increase in the share price. Furthermore, investors received a dividend payment almost every year.
||Release / Event
|May 31, 2019
||Annual report 2018
|August 22, 2019
||Annual General Meeting, starting at 2 p.m.
|September 27, 2019
||consolidated mid-year financial statement for the period from January 1 to June 20
|November 25-27, 2019
||Equity Forum in Frankfurt
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