Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1
- Creatore Discussione negusneg
- Data di Inizio
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- Tags
- additional tier 1 bail in basilea 3 coco bonds crd iv genussscheine grandfathering hybrid bond loss absorption lower tier 2 make whole amount matusalem bond obbligazioni irredimibili obbligazioni perpetue obbligazioni subordinate perpetual bond preference shares restricted tier 1 tier 1 upper tier 2
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fidw99
100% perpetual
altro che euribor + 800, anche l'euribor va proporzionato a 15, quindi oggi
euribor = 1,3 = 800+800 e se salirà un po' nei prossimi anni saremo a:
ipotesi euribor al 3,3 / 15 *100 + 800 = 2200 + 800 = 3000 cioè 30%
il rendimento varrà il rischio ?
l'unico difetto è il taglio minimo.... 50.000 cioè uno ci deve mettere almeno 7.500 euro.
ciao !
lorenzo63
Age quod Agis
Mah: Linde si occupa di gas tecnici industriali e medicali. Evidentemente è sottoposta alla pressione che ne deriva dall' appartenenza al settore industriale "chemical" ... ovvero al presente fà un po' fatica ( la sezione che si occupa di gas leagti all' industria chimica ed industriali in generale) dovuto proprio alla scarsità di domanda al presente.."Linde AG said net profit fell 25% in 2008 and cautioned that demand has dropped, particularly in the final months of the year, amid the global economic crisis.
The Munich-based industrial-gases company reported full-year net profit of €717 million ($901.7 million), compared with €952 million in 2007, when results were boosted by gains from disposals. Sales rose 2.9% to €12.66 billion from €12.31 billion.
Linde engineers and builds chemical and gas plants and produces gases, including hydrogen, oxygen, nitrogen and argon, for the medical, industrial and scientific fields.
Linde didn't break out fourth-quarter earnings figures in its statement, nor did it give an outlook for the current year, but the company said it would provide more earnings information on March 16."
ma ritengo che sia una buona Azienda,che certamente sopravvivrà alla crisi...
Partecipa con la Norvegia al progetto Snoehvit (Ti rimando al proposito ad un post di febbraio sul report chimica) sebbene la sua presenza sia stata ampiamente criticata per via di una supposta mancanza di esperienza nei confronti di una concorrente norvegese...
Tieni presente che comunque si occupa anche di medical...
Quindi veniamo a quanto detto in data 16 marzo dal CEO:
German industrial gases and engineering company Linde AG's (LIN.XE) business development in January and February has been slightly below the previous year's level, Chief Executive Wolfgang Reitzle said Monday, but he added the sales decline so far isn't in the double-digit area.
Reitzle also said the company isn't abandoning its mid-term goals, but it can't currently say when they will be met.
Citing economic uncertainties, the Munich-based company said earlier in the day it won't be able to achieve its 2010 targets of a return on capital employed of 13%, and an operating profit of at least EUR3 billion at the set time. These goals will be reached at a later point, the company's 2008 report said." Inoltre: German Industrial gases and engineering company Linde AG (LIN.XE) Monday shelved its 2010 goals and declined to give a concrete outlook for 2009, saying it is facing "the most uncertain demand environment in decades".
Citing economic uncertainties, the Munich-based company said it won't be able to achieve its 2010 targets of a return on capital employed of 13%, and an operating profit of at least EUR3 billion at the set time. These goals will be reached at a later time, the company's 2008 report said.
The company also refrained from giving a concrete outlook for 2009, saying only that sales and earnings could be slightly above or below 2008 levels.
In order to remain on track amid the difficult economic climate, Linde said it will accelerate implementation of a program aimed at increasing productivity by cutting gross costs by between EUR650 million and EUR800 million over four years, starting in 2009.
"Even we aren't immune to the global recession," said Chief Executive Wolfgang Reitzle.
"It still looks possible from today's standpoint that group sales and earnings will be slightly higher than, or at the same level as, in 2008...however, we have to consider the possibility of a decline in sales and earnings," the CEO said.
Still, that positive scenario would require an improvement in business trends at least in the second half of 2009, the company said on its website.
Linde already reported preliminary data for the full year on March 3, when it said it has reached its twin 2008 targets of beating 2007 sales and having earnings growth outpace that of sales.
2008 sales rose 2.9% to EUR12.6 billion.
At around 0910 GMT, Linde shares traded 0.1% higher at EUR53.17, while the DAX traded up 1.9%. The stock has shed 39% of its value over the past 12 months.
Inoltre (questo l' ho scoperto ora)
PRESS RELEASE: The Linde Group To Supply Gases To Masdar PV's Photovoltaic Plant In Erfurt
Munich, 30 March 2009 - The technology group The Linde Group has been
awarded a long-term contract to supply all the gases for
next-generation thin-film photovoltaic (PV) module production at
Masdar's manufacturing site in Erfurt, Germany. Under the turnkey
contract, Linde will provide a complete gas storage and distribution
system, as well as on-site gas management services. Linde will also
supply nitrogen (N2), hydrogen (H2), silane (SiH4) and chamber
cleaning gases, as well as argon (Ar) and helium (He).
Masdar PV is a fully-owned subsidiary of Masdar, Abu Dhabi's
multi-faceted future energy initiative, instigated from and
wholly-owned by the Mubadala Development Company. The company is
currently investing approximately 200 million US dollars (around 150
million euro) in the photovoltaic plant in Ichtershausen near Erfurt.
A further 400 million US dollars (300 million euro) is being invested
in the second plant in Taweelah near Abu Dhabi. Together, the two
plants will have a target annual production capacity of 210 MWp
(megawatt peak). The plants will produce 5.7 m?? PV modules, which
have an excellent cost-benefit ratio. Because they use the latest
tandem technology (a-Si/a-Si), these modules are up to 10 percent
more efficient than conventional a-Si (amorphous silicon) modules.
"Masdar's goal to become a world leader in renewable energy resonates
strongly with our own corporate philosophy. We look forward to acting
as Masdar's technology partner on this journey," said Dr Aldo
Belloni, member of the Executive Board of Linde AG. "This
collaboration reinforces Linde's commitment to the rapid development
of sustainable energy, not only in the field of PV, but also in
hydrogen, carbon capture & storage and biofuels."
"Linde has an outstanding reputation among PV manufacturers for the
development of gas technology," said Dr Rainer Gegenwart, CEO of
Masdar PV GmbH. "Our company deals exclusively with strong,
experienced partners with whom we can explore new areas such as the
enhancement of environmental protection. Therefore, Linde is a key
partner for us in this project."
Linde has established a leading position in gases supply to thin-film
silicon solar module manufacturers, in key markets including Germany,
Spain, Italy, China, Taiwan and India. To date, Linde has partnered
customers on projects with a target capacity of more than 1GWp
(gigawatt peak).
About The Linde Group
The Linde Group is a world leading gases and engineering company with
almost 52,000 employees working in around 100 countries worldwide. In
the 2008 financial year it achieved sales of 12.7 billion euro. The
strategy of The Linde Group is geared towards sustainable
earnings-based growth and focuses on the expansion of its
international business with forward-looking products and services.
Linde acts responsibly towards its shareholders, business partners,
employees, society and the environment - in every one of its business
areas, regions and locations across the globe. Linde is committed to
technologies and products that unite the goals of customer value and
sustainable development.
For more information, see The Linde Group website at www.linde.com.
About Masdar PV GmbH
Masdar PV GmbH is a leading global developer of advanced thin-film
photovoltaic products and solutions based on tandem-technology. The
company produces a-Si/a-Si PV-modules that benefit from efficiency
increases of at least 10 percent when compared with single-layered
amorphous silicon (a-Si) modules. Within the next years Masdar PV
aims to become a top-3 global thin-film PV company. As a first step
two production facilities with a total capacity of 210 MWp are put
into operation in Germany and Abu Dhabi, UAE.
Masdar PV GmbH is a 100% subsidiary of Masdar, Abu Dhabi's
multi-faceted future energy initiative instigated from and
wholly-owned by the Mubadala Development Company. This is a
far-reaching, trendsetting investment by the Emirate Abu Dhabi with
the goal to advance the development, commercialisation and deployment
of renewable and alternative energy technologies and solutions..
Un po' come tutti ci si butta nel "verde" ...
E per ultimo, sempre nel Report chimica trovi l' accordo con Sinopec (Cina..)
Ciao ed abbi una Buona serata, Carlo.
A Merck Finck analyst, who rates Linde shares at buy, sees the company's comments on 2009 as "prudent and positive", saying it is in line with its most recent estimates of a 2% decline in sales and a 7% drop in operating profit.
Another analyst viewed the company's outlook in a more negative light, though, noting that French peer Air Liquide (AI.FR) "at least said it'll try to match previous years' levels", while Linde doesn't rule out a decline in sales and earnings.
Ciao.
samantaao
Forumer storico
grazie mille Lorenzo!
avevo fatto un giro sul monitor della chimica rendendomi conto che è un'azienda che non dorme, comunque molto utile il riassunto e le ultime news
vediamo se qualche esperto dei perpetual ha qualche nota da fare
tu l'hai valutata?
perdonami ora devo scappare, sono in ritardo
buona serata anche a te... a presto
ciao
carlo
negusneg
New Member
Curiosamente quasi tutti i bancari sono "non cumulative", e viceversa.
Forse per quello che giustamente osservava stordits, che per banche ed assicurazioni c'è un danno "reputazionale" nel cancellare una cedola che per i corporate è quasi inesistente.
Colgo l'occasione, comunque, per sottolineare quanto abbiamo sostenuto fin dai primi post: che questa tipologia di obbligazioni è sicuramente adatta a chi ha un profilo speculativo, soprattutto in questa fase, un orizzonte temporale medio-lungo (come dire, anni a disposizione per aspettare, nel caso qualcosa vada storto) e soprattutto che bisogna scegliere emittenti possibilmente molto solidi, diversificando adeguatamente per non avere sorprese.
lorenzo63
Age quod Agis
grazie mille Lorenzo!
avevo fatto un giro sul monitor della chimica rendendomi conto che è un'azienda che non dorme, comunque molto utile il riassunto e le ultime news
vediamo se qualche esperto dei perpetual ha qualche nota da fare
tu l'hai valutata?
perdonami ora devo scappare, sono in ritardo
buona serata anche a te... a presto
ciao
carlo
Si sarà capito da qualche post addietro che (imbarazzante!) si guarda sempre all' erba del vicino, traduzione: invece di prendere Linde (ad esempio) di cui, per evidenti affinità industriali ci potrei capire di piu', sono andato a prendere Intesa 8,04% (e per l' intanto rendono anche di piu'...
) ...
samantaao
Forumer storico
mi fischiano le orecchie?il mio ptf è totalmente (99%) obbligazionario
penso sia il momento di cominciare a guardare l'azionario, almeno in piccola parte, che per quello che posso capire ha più potenzialità nel proteggermi dall'inflazione (obiettivo temporale sopra 10 anni)
con questa premessa sto cercando di capire anche questa tipologia di strumenti, in alternativa all'azionario e con chi parlare se non con voi?
ecco perchè avevo proposto di indicare i titoli + interessanti
per poi cominciare a studiarli
evidentemente da solo sono già partito male
PS1 diversificazione e % dosate sono alla base delle mie scelte
ps2 intanto il file con l'aggiornamento prezzi lo sto costruendo
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