Linde (Berlin)

  • TickerA2DSYC
  • ISINIE00BZ12WP82
  • ExchangeBerlin Stock Exchange
  • SectorChemicals
  • CountryIreland

Analysts

Expert Corporate Governance Service (ECGS)

Linde, 26 July 2019

The Company was formed in October 2018 by the merger of Linde AG of Germany and Praxair of the United States through an all-stock merger transaction. The new holding company is listed on both the New York Stock Exchange, Frankfurt Stock Exchange and the London Stock Exchange. The new holding company is incorporated in Ireland while its principal governance activities, including board meetings, will primarily be based in the UK.  Items 1a - 1l: Re-elect the Board of Directors The Board of the company is currently comprised of twelve directors, six of whom are former Praxair directors, includin...

Krzysztof Smalec

Morningstar | Linde Reports Solid First-Quarter Results; Raising Fair Value Estimate

We raise our fair value estimate for narrow-moat Linde to $175 from $173 after the industrial gas producer reported its first quarterly earnings following the integration of Linde’s and Praxair’s businesses on March 1. Our fair value estimate bump is largely due to time value of money since our previous update. Nothing in Linde’s first-quarter earnings release materially alters our long-term outlook for the firm, and we believe our thesis remains intact as management announced that the company is already starting to reap benefits from cost synergies from the Linde-Praxair merger. Sales were f...

Krzysztof Smalec

Morningstar | Linde Reports Solid First-Quarter Results; Raising Fair Value Estimate. See Updated Analyst Note from 10 May 2019

We raise our fair value estimate for narrow-moat Linde to $175 from $173 after the industrial gas producer reported its first quarterly earnings following the integration of Linde’s and Praxair’s businesses on March 1. Our fair value estimate bump is largely due to time value of money since our previous update. Nothing in Linde’s first-quarter earnings release materially alters our long-term outlook for the firm, and we believe our thesis remains intact as management announced that the company is already starting to reap benefits from cost synergies from the Linde-Praxair merger. Sales were f...

Krzysztof Smalec

Linde Reports Solid First-Quarter Results; Raising Fair Value Estimate

We raise our fair value estimate for narrow-moat Linde to $175 from $173 after the industrial gas producer reported its first quarterly earnings following the integration of Linde’s and Praxair’s businesses on March 1. Our fair value estimate bump is largely due to time value of money since our previous update. Nothing in Linde’s first-quarter earnings release materially alters our long-term outlook for the firm, and we believe our thesis remains intact as management announced that the company i...

Expert Corporate Governance Service (ECGS)

Linde, 26 July 2019

The Company was formed in October 2018 by the merger of Linde AG of Germany and Praxair of the United States through an all-stock merger transaction. The new holding company is listed on both the New York Stock Exchange, Frankfurt Stock Exchange and the London Stock Exchange. The new holding company is incorporated in Ireland while its principal governance activities, including board meetings, will primarily be based in the UK.  Items 1a - 1l: Re-elect the Board of Directors The Board of the company is currently comprised of twelve directors, six of whom are former Praxair directors, includin...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • Communication and Media names continue to act well (ex. CHTR, CABO, CMCSA, and T) • The Consumer Discretionary Sector still has a number of leadership names (ex. PHM, JACK, CMG, AN, LAD, POOL, OLLI, LOW, and COST) • Low interest rates continue to aid the Staples and Utility Sectors (ex. SJM, TR, FLO, GIS, CPB, ETR, NEE, ES, and WEC)

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: Home builders and suppliers continue to outperform and one supplier, MHK, appears to be bottoming. A number of Financial names continue to plod up and to the right (e.g. AMP, AXP, MSCI, RNR) The Technology Sector remains leadership and many names continue to outperform (e.g. SEDG, SNPS, ADBE, TTEC, GPN, PYPL)

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