Rexam Share Discussion Threads

[killieboy] 05/8/2009 13:24

This co should pick up with the economy - normally does - strengthened balance sheet and cost cutting should bode well for the future IMHO

[engineer66] 05/8/2009 11:59

With the rights issue I've started looking at this stock. Only wish I had done so earlier and bailed out. Pidgeon2 you have shown some good foresight about the rights.

My feeling is that it is worth taking up the rights as the price is so low and has support at present. But I wonder whether REX is a spent force and the despite short term rallies will continue to perform poorly. Any views?

[broadwood] 04/8/2009 17:34

Questor recommends taking up the rights - see tomorrow's Telegraph.

I'd already done so.

[jimsbest] 04/8/2009 08:10

Just back from our Bank holiday week-end, christ Galway Bay was really beautiful, stunning views.

Well I guess Russia was a step too far reading the statement from the company,scaling down production already, the question is just how much we over paid for Rostar,and will this be a thorn in our side that we will eventually be glad to be rid of, if the packaging has changed now as the company have stated, the question is why did they buy Rostar and their metal cans.

[pidgeon2] 03/8/2009 22:19

amazing these brokers never learn.

but do you trust them, front page of FT-

Goldman Sachs' reputation
among both the general public
and financially sophisticated
Americans has been damaged
by the events of the past year,
according to research conducted
for the Financial Times.

[deanforester] 03/8/2009 16:45

It's a fixed price. 150p with no stamp duty or brokerage to add on.

[royalt] 03/8/2009 16:18

Many thanks kiwi.

If i do decide to buy the rights is it a fixed price? Or the price that shows in my bokeage account?

[kiwi2007] 03/8/2009 11:13

RoyalT

1. Take up the rights
2. Sell the rights 'nil paid'.
3. Sell a portion of the rights in order to raise enough funds to buy the remaining rights.
4. Let the rights lapse.

Option 4 means you takes no action. A payment will be made by the company to you when the rights issue is complete because they will sell any 'lapsed rights' to the underwriters and distribute any profit less expenses to you. Unlike selling the right 'nil paid' as in option 2, you will not know or have any control over how much this payment will be.

[kiwi2007] 03/8/2009 11:04

31-Jul-09 Rexam REX UBS Buy 260p

31-Jul-09 Rexam REX Goldman Sachs Buy 295p

[gdasinv2] 03/8/2009 10:55

Next Stop 295

Date Broker name New Price Old price target New price target Broker change
31-Jul-09 Goldman Sachs Buy 236.00p 445.00p 295.00p Reiteration

[royalt] 03/8/2009 09:14

How does this rights issue work and when is the deadline to take them up?

At the moment on my account it shows the quantity as 118, price 91.75 market value £108 and book cost is £0.

What do i need to do, and if i dont do anything what happens?

[jimsbest] 02/8/2009 23:06

maybe moving into Russia was a trip too far, the russian's done the dirt on BP, that the work permit for their main director was revoked,and after so much hassle a compromise was reached and its only just holding together, and this was after BP spent millions. into a so called 50-50 partnership with a Russian company.

Could the same thing happen here,and is Rexam in the position to be able to weather any storm that may arise, I know Russia is one hell of a market to get into but what problems lie ahead, I hope I am wrong. BP were in a stronger financial position than Rexam is at present.

I agree the share price should be higher,it will be interesting to see what % the take up is of the rights issue, of the 25 rights issue's so far this year, only about 14 have seen their share price rise considerably, notably Xstrata and Cookson the rest have seen average price movements, while others are showing a decrease in price even after factoring in the rights issue.

HVS

Maybe the price is moving up because for the last few day's Rexam has been going down in large % amounts, and maybe some investors thing it is over sold and think now it is a cheap price to pay for Rexam.
Only day's ago Rexam was in the 3.20 zone now it is 2.36 that is a large drop in only a few days. Did you notice the drops were nearly always in the 20-30p range but the rise on friday was only 6p, maybe the market is telling you something could 2.40-2.50 be a reasonable price for Rexam until the rights are fully accounted for, and out of the way.

HVS

You also stated that it is safe and an 8p divi

First how safe Rexam is, is open to question with a substantial debt of 2.00bln+ and its credit rating could be downgraded to bbb- from bbb interest charges would be higher this would lower the profitability, this is why the rights issue has come about, its to increase the capital base for investments.

Second, there will be no divi.

[pidgeon2] 02/8/2009 20:10

on what basis is that valuation? cloud cuckoo land?


as i posted on july 10-


well just be careful ... these guys are full of surprises

[pjw956] 02/8/2009 19:57

its going up because its mean value on worst case senario is somewhere between 250 - 280

[jimsbest] 31/7/2009 18:58

HVS

Thanks for referring that I am an IDIOT,

But your the one that quoted it is safe and an 8p divi to come, you cannot read properly, the company already said NO divi, what dont you understand about NO, you are some half wit.

You asked can anyone tell you why it went up today, MAYBE some investors think it may have been oversold in the pass couple of days, but it could go higher on the next trading day or it could go down as things do not look to rosy at the moment.

If you had bothered to read my post PROPERLY you would have read IF IT GOES DOWN MUCH MORE IT WILL BE SUB 2.00.

I did NOT say it will be sub 2.00 it was an observation since REXAM was in the 3.20 zone only a few days ago, and it was dropping down in the 20-30p range

Everyone has an opinion and has the right to express themselves.

EVEN YOU

[kiwi2007] 31/7/2009 15:14

Bears taking their profit off the table pre Fridays close?
REXN far more volatile and profitable (if you're on the right side of the trade of course :o)

[hvs] 31/7/2009 14:49

Anyone know why this is going UP ?

IDIOTS say it should be sub £ 1.50

[hvs] 31/7/2009 14:48

Why is this going UP when IDIOTS say it will sub £ 2 .

Any clues ? Anyone ?

[hvs] 31/7/2009 09:25

Looks like shorters covering.

[eug] 31/7/2009 07:49

Does not look good. Are we expecting another big drop in the price

[jimsbest] 30/7/2009 22:02

Well guys if it goes down much more sub 2.00 is more than likely,
REXAM worth 1.8bln
Debts 2bln

Pretty bad poor performances from management, a rights issue that will pay less than half of the debt.

Time to go I think

[typo56] 30/7/2009 15:12

Exactly wad. No need to take them up to sell them. You can sell your rights (REXN) in the market now. REXN should track about 150p below REX.

Not the same with an open offer though, where you have to take up your entitlement if you want to get any value out of it.

[wad collector] 30/7/2009 15:07

Look up REXN - that's the price you can sell your rights - currently 81p.Or pay the 150p and sell later.

[taiz] 30/7/2009 14:56

i thought i needed to buy the rights before i can sell them