Rexam Share Discussion Threads

[pidgeon2] 22/4/2010 11:33

thats nearly 13x PE an 2.5% yield

[dalstal] 20/4/2010 16:05

chart breakout.

[broadwood] 20/4/2010 12:02

Now we're moving.

[broadwood] 15/4/2010 09:36

Usual predictable post. Why don't you short them?

[pidgeon2] 15/4/2010 09:31

this has been a dog company for years, nothing seems to have changed - last results were garbage. seems to me these are going up on wild speculations

[broadwood] 15/4/2010 08:38

Reporting soon - I can't see much downside having recapitalised and slashed costs.

Any sales increases feeding straight to the bottom line. Doirectors bought a little while ago aswell.

[brain smiley] 12/4/2010 16:10

Looks a cheap share, not many FTSE companies on this low of a PE and 8p of a dividend at the beginning of May. 2010 PE 10.5 and 2011 9.3.

[broadwood] 09/4/2010 16:18

These have been on slow burn - but they may be starting to move. I'll stick to that 30% predicted rise this year.

[wad collector] 07/4/2010 10:43

Halfway up to the 2006 £6 peak.Hard to imagine these won't get up there again in the next few yrs.If you are patient.

[pidgeon2] 17/3/2010 13:35

not that much really for these guys. IMO it just shows they are confident in their own abilities.

[broadwood] 17/3/2010 08:18

Those were two big buys.

They said last month that conditions were improving. I reckon this easily has the potential to make 30% this year.

[broadwood] 16/3/2010 23:16

This'll do nicely.


LONDON (ShareCast) - Can maker Rexam's new chief executive and finance director have both increased their shareholdings in the company.

Chief executive Graham Chipchase bought 47,811 shares at 291.9p a share. This £140,000 investment took his stake to 164,345 shares.

Chipchase originally joined Rexam as finance director in February 2003. He subsequently became the boss of the plastic packaging division and then chief executive in January 2010.

Finance director David Robbie acquired 43,394 shares at the same price, taking his stake to 66,873 shares. Robbie took over from Chipchase as finance director in October 2005.

Shares in Rexam have risen by nearly one-quarter in the past year.

[pidgeon2] 22/2/2010 10:08

my read of the results is everything has simply shifted back a year. all the take of cost savings is still just talk

[18bt] 19/2/2010 09:26

The hedge is the input and sales currencies in which the operate: that's a good hedge IMHO

[pidgeon2] 19/2/2010 09:17

presume the debts are still unhedged dollars?

[investinggarden] 17/2/2010 12:26

WI stock picks: Rexam's results show 'can do' attitude

[pidgeon2] 17/2/2010 09:27

so much for cash flow- debt has actually fallen over the second half by less than the amount they raised in the rights issue.

[broadwood] 17/2/2010 07:28

Nothing exceptionally positive but not too many negatives either.Most measures moving in the right direction.

So,should be mildly positive in terms of share price. We'll see.

[broadwood] 16/2/2010 10:37

Pid - If you're short these last six months, you must be hurting.

If you're not, you obviously don't believe your own arguments.

[pidgeon2] 16/2/2010 10:31

Europe/US consumer markets hardly inspiring. Russia will be interesting. still too much debt. bring on another rights issue. kitchen sink time

[wad collector] 16/2/2010 10:03

The Sunday Times


The Inside the City column turns it attention to Rexam. The company, which makes cans for the likes of Coca-Cola, Heineken and Pepsico, was forced to axe its interim dividend and launch a £350m rights issue last summer to protect its credit rating.

Under Graham Chipchase, the new chief executive, investors are hoping for a greater focus on cash generation to pay down its £2bn debt and greater discipline over capital spending.

The bull case on the stock is that the shares look comparatively cheap at nine times forecast 2011 earnings, a 16% discount to Rexam's American peer group and a 10% discount on an enterprise value basis. At the current price Rexam also has a prospective dividend yield of more than 4%, significantly higher than its rivals.

Fundamentally, Rexam is a bet on the global consumer, and right now that is a brave bet.

Rexam has been a serial underperformer of the FTSE 100 since 2006. There is a strong risk that in the short term it will continue to lag. At 282p the shares have already advanced by almost a third since the August rights issue. Sit on the sidelines for now.

[pidgeon2] 15/2/2010 19:33

results wednesday. be very careful

[pidgeon2] 21/1/2010 15:27

is it pump n dump with their mates at merrill

[iangill] 19/1/2010 17:34

Also Blackrock holding increased to >5%