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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rexam | REX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 645.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 645.00 | 645.00 |
| Top Posts |
|---|
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 16:37 by solomon I got my divi on 6th. Paid into my TDW account. |
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 08/1/2016 09:35 by dr_smith I anticipated an end of year dip, so sold some 'toppy' shares and now looking to re-invest, yesterday or today...but probably wait for Monday morning to decide.Re Rex, I guess the question is, will your alternative re-invest give >4% in same time frame. Could make 2-3% (less 1% stamp duty) in a couple of weeks with a good buy elsewhere. |
Posted at 08/1/2016 09:05 by wad collector Offer now worth £6.25Rex at £6. So 25p for holding ..is it worth it? It is about the same gap as a month ago . The question in my mind is what to do with the money. I suspect the market will bounce up again and soon wipe out advantages of hanging on for 4%. I may be proved wrong but I am selling some more if it touches 603 today. |
Posted at 15/12/2015 10:35 by wad collector If you see it in isolation then it makes sense to hold for a few more pence , but if you think the wider market is under-priced , then better to see it as an opportunity. Of course the market could drop further and make it wiser to have delayed buying. I still have about 5000 REX. |
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 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. |
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