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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rexam | LSE:REX | London | Ordinary Share | GB00BMHTPY25 | ORD 80 5/14P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 645.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 645.00 | GBX |
Rexam (REX) Share Charts1 Year Rexam Chart |
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1 Month Rexam Chart |
Intraday Rexam Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/6/2016 | 13:54 | Rexam - Charts & News | 1,028 |
| 04/9/2014 | 09:00 | Why to BUY and HOLD in Rexam (REX) | - |
| 11/8/2009 | 18:08 | *** Rexam *** | 59 |
| 12/4/2006 | 16:55 | Rexam - A safe home in volatile markets? | 304 |
| 04/11/2002 | 10:14 | Rexonline | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 02/6/2016 12:01 by lambeater As we enter the final 3 weeks before REX is eaten up by Ball, I wanted to compare my take with others who still hold. I may be wrong on some points.The default action is 407p in cash and 0.04568 Ball shares per REX share. An alternative is 610p with a meagre top up of an uncertain amount of cash/Ball shares. I reckon that for anyone holding less than 2,000 shares it is not worth taking either offer and it is better to sell at best price in the market, reason being that you would end up with too small a quantity of Ball shares to be a viable investment. You have up until and including June 23rd to trade/decide. I have 2,400 shares and it is my intention to take the default offer which will result in £9,768 in cash plus the cash that relates to a fraction of one Ball share in the offer, call it £32, totalling £9,800. It will also give me 109 Ball shares, currently worth USD7,848 (based on a Ball share price of USD72) which at the current rate of Cable (1.4430/0.693) equates to £5,438. So that is a grand total of £9,800 + £5,438 = £15,238 compared to 2,400 x 627p (current sp) = £15,048, better by £190. Of course this will vary depending on the exchange rate and the future performance of Ball. I think Ball is a good investment and good political and currency hedge. I post this partially in order to help others and partially for others' advice as, despite thinking I understand the offer, I may not have done so! |
Posted at 10/5/2016 15:04 by betman Did everyone get their dividend on the 6th May ?? Despite the takeover the REX website says the divi will be paid on the 6th |
Posted at 15/1/2016 17:58 by dr_smith Cheers Wad.Still hold mine ftb, but have been buying elsewhere today to make most of dip. I am guessing it will be another dip Monday, then start clibing quickly. As Rex hasn't been knocked down like others, other things equal, to sell Rex and buy repressed share seems wise for us PI's. I hope our paths cross many times, no doubt like a game of snakes and ladders with 'volatility' being one of the watch words according to the latest YouInvest video. Best wishes. Dave (Russell) Smith - I'm not a Doc but too many D Smiths' for simpler handle. As always: NAI DYOR |
Posted at 10/12/2015 16:27 by wad collector Ball up 3.5% on opening has pushed Rex up to £6 briefly. May go up a few more pence in the morning is there is further Ball share price strengthening. |
Posted at 20/11/2015 16:48 by wad collector Ball has gone up to $69.45 , so deal now worth £6.23 (ignoring dividends). Thus the recent REX share price rise to 568 close today is 55p off the offer price. The gap is closing.Personally I will keep waiting ; if it was 20p off then I would probably sell at this stage. |
Posted at 01/10/2015 12:11 by wad collector Difficult to know what to make of it , see the FT;2 hours ago URL Twitter Could the excitement at drinks can giants Rexam and Ball about their multi-billion dollar transatlantic tie-up be losing some fizz? Ball has told shareholders it has received a statement of objections from the European Commission about the tie-up. The Colorado-based group did not say what these objections were, although the transaction had been expected to face a thorough review from competition authorities in both the EU and the US. Rexam's shares were unaffected by the news, and are up 1.3 per cent on the day to 530.5p. A combined company would control about 61 per cent of the market for drinks cans in North America, according to analysts. In Europe, Rexam and Ball would have a combined market share of about 69 per cent, and about 74 per cent in Brazil. In its statement, Ball said it was confident all the parties involved in the deal would be able to remedy the EU's objections and obtain clearance, claiming: Ball values the insight which the SO brings on the on-going EU regulatory process. It is the view of Ball that the concerns raised in the SO allow the parties to develop the appropriate and adequate remedy package to bring about the successful clearance by the EU's competition authority of this proposed acquisition. It is expected that all necessary regulatory clearances will be obtained to enable the proposed acquisition to close during the first half of 2016. |
Posted at 05/6/2015 10:42 by dr_smith Thank-you Wad for the number juggling.Other things equal, the gap should reduce pro rata over time, so surpised it hasn't tickled up a bit. Re August date, it is a required legality and seems to assume it will be an 'in favour' thumbs up by Balls shareholders. It is conceivable any lack of increment in REX share price could be doubt in REX shareholders that the presumably US based Ball shareholders have about joining lot over the pond. I believe it will be a yes/no decison, not say 'yes if we can get the price down a bit'. All IMO, assumed or implied from headline/RNS statements and normal business protocol. |
Posted at 11/5/2015 12:29 by wad collector Thanks for spotting that in the hailstorm of RNS. Ball share price is holding at $72.3 - pretty stable for a month or so.From Beaufort Securities; Rexam (LON:REX) – Hold On Friday, the Ball Corporation informed that the process of requisite regulatory approvals for the acquisition of Rexam is proceeding as expected. On 19th February, the company had announced the terms of a recommended cash and share offer to buy the entire issued or to be issued share capital of the Rexam. The company would have cash flow in the range of US$600m excluding the cash costs of proposed acquisition. Moreover, several currency and interest rate hedges are likely to be introduced in order to mitigate the risk related to the acquisition. Meanwhile the Ball Corporation also announced its first quarter earnings that signalled lower net earnings for the Q1 2015 owing to a weak euro. The net earnings attributable to the company for 2014 stood at US$470.0m compared to US$552.8m in the comparable period. The business consolidation and other activities net of tax were US$62.2m and the debt refinancing costs net of tax was reported to be US$20.6m. The ball corporation expects the interest expense in 2015 to around US$147m and the effective tax rate to be just over27%. For the year 2015, the company expects the net earnings to be at or below US$495m. Our view: Following the cash and share offer in February, the acquirer, Ball Corporation has announced a profit warning for the year for the first time due to the negative impact of a declining euro. The company is moving ahead as planned for the proposed acquisition and is taking several steps to control the risk related to interest and currency headwinds in order to have minimal impact on the company’s financials. On the other hand, Rexam has already witnessed a sharp rise in the share price following the proposed share and cash offer from Bell Corporation. Rexam continues to perform well and enjoys strong fundamentals with a robust presence in the UK markets. However, the recent run up in the price may provide limited scope for upside potential. Thus we move the stock to Hold for now. |
Posted at 23/2/2015 12:35 by wad collector Hard to solder aluminium!There was a questor article yesterday that seems to me to be missing the point. I am sure we would happily accept 628p ; the question is whether it will happen rather than whether we would accept it! Rexam 565p Questor says ACCEPT OFFER Playing ball Shares in the drinks can maker Rexam [LON:REX] rose 5pc last week after it recommended investors accept a 628p offer from US rival Ball. Questor would agree with the board of directors and take the cash and run. The deal comes at a near 40pc premium to the 448p share price before news of the talks was leaked in early February. And there is no guarantee that the company would be able to offer investors a similar return during the year ahead. Rexam said it had a “difficult year” in 2014, with sales down 3pc to £3.83bn. The company was grappling with weak pricing in end markets and volatile currencies. Pre-tax profits edged up £4m to £343m for the year ended December, largely on cost cuts. Take the cash Investors would be wise not to look a gift horse in the mouth as Graham Chipchase, chief executive, warned that the year ahead presented a “tough trading environment” with rising metal prices, foreign exchange volatility and pricing pressure. Drinks can makers are having to deal with record-high aluminium prices, and the cost of storing the metal is also expected to carry on rising in the coming six months. The company was also hit last year as all three of the major currencies it trades in, the US dollar, euro and Russian rouble, fell against sterling, which impacted reported results. Finally, in the highly competitive markets in which Rexam operates, prices for cans were falling. Combined Strength The logic behind the deal is that divided they will have to face these challenges and fight each other on price. If the two largest can makers combine forces, they can become a one-stop shop for providing the world’s largest drinks companies, such as AmBev, Heineken, PepsiCo and Red Bull, with cans across the world. Together, the two drinks can companies would account for 60pc of the beverage can supply in North America, 69pc in Europe and 74pc in Brazil, according to Morningstar analysts. The combined entity would also be able to reduce costs in many of the duplicated areas of the business such as sales, marketing, management and accounting. Questor recommended Rexam’s shares twice last year (Buy, 500.5p, August 4) and again at 527.5p on June 26. The shares were a classic value pick trading on a reasonable earnings multiple of about 13 times, falling to 12 times and offering a decent dividend yield of 3.3pc. In the absence of this deal the market consensus was for profits and earnings per share to go sideways for the next two years. Investors wouldn’t necessarily lose anything if the deal falls through. That said, Investors are now being offered a chance to cash out while also holding Ball shares if they want further benefits. Questor thinks that is the best of both worlds, and we agree with the board and would accept the offer. The telegraph had a relevant article yestrday also pointing out the break fee deal Not surprisingly the Ball share price has dropped 5% since then. |
Posted at 27/8/2013 11:10 by wad collector You posted that 2 weeks ago!Rex share price meandering recently - nice to have one needing little watching. |
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