Rexam Share Discussion Threads

[maurillac] 02/10/2014 10:43

had a few yesterday as a buy and hold. see you in a couple of years ;)
m

[wad collector] 01/10/2014 15:09

Just added at 480.3 .Buy and forget.

[maurillac] 01/10/2014 13:28

must say im getting tempted to tuck away a few here now
m

[wad collector] 01/10/2014 12:36

Maybe I will buy some more after all. I see one broker is predicting 2015 pretax £508 M . That would be a hefty rise. If they are right of course.
Morningstar Equity Research
25-09-14 OUTP 361.47 39.00 18.00 383.25 40.00 20.00
Charles Stanley [W]
26-09-13 ACCU 493.00 45.10 19.08 528.00 47.71 20.09

[tiptv1] 04/9/2014 09:00

Reasons why to BUY and HOLD in Rexam (REX), - See more at:

[wad collector] 19/8/2014 15:58

Agreed , I would join you , but have rather a lot of these now. Eggs in baskets.

[deadly] 19/8/2014 11:18

Goes XD tomorrow for 5.8p and the nice drop today to 492 against the market looks like a good time to top up, given the recent results.

[wad collector] 08/8/2014 17:56

Added at 496. These seem to have become a bit of a trading stock recently.

[wad collector] 01/8/2014 09:12

The market seems to like them , not sure about the bottom line myself.
I put in a 498 buy limit but the drop did not quite touch it later.

[broadwood] 01/8/2014 07:59

Beverage can maker Rexam said it was on track after an in-line first half despite foreign exchange (FX) and high aluminium prices impacting results.

Even though beverage can volumes improved by 4%, the company delivered sales of £1.881m in the six months to 30 June, down 5% on a reported basis over last year.

All three of Rexam's major trading currencies - the US dollar, euro and Russian rouble - continued to weaken against the pound in the first half.

However, organic sales, which adjust for the impact of FX rates, rose by 3% during the period.

"Results for the half year are in line with our expectations," said chief executive Graham Chipchase.

"Trading in the second quarter improved in all regions with volume growth in Europe improving as anticipated and North America performing in line with the market. South America grew very strongly as we saw a significant benefit from customer activity around the FIFA World Cup," he said.

As for the bottom line, underlying operating profits fell 9% to £197m as volume growth and an indirect tax benefit in Brazil were outweighed by a £20m negative impact from FX and higher aluminium premium costs.

Premiums reached an all-time high during the half in Europe and North America, meaning that Rexam had to pay a net additional £7m than normal.

"We expect that premiums, which are contractually passed through in North America and in some cases with European customers, will result in a headwind of circa £30m for the full year 2014," the company said.

The firm raised its interim dividend by 2% to 5.8p per share.

Results excluded the now-divested Healthcare business for the first time, with the company now exclusively a manufacturer of drinks containers.

"Rexam is now a focused global beverage can maker. Our aim is to be the best in the industry by maintaining a strong focus on cash, cost and return on capital employed and delivering the right balance of growth and returns

[broadwood] 01/8/2014 07:57

Pretty solid results today.

[wad collector] 03/7/2014 16:21

You are right , but the recent one hardly changed the share price , though the 1998 one involved consolidation I think.
However , anyone who wants to pay 550p for some of mine is welcome..

[grahamburn] 03/7/2014 13:30

Don't think you can use the 1996 peak figure, wad. There have been at least two share consolidations since then which have reduced the number of shares in issue. (Not going to go back through all the figures.)

[wad collector] 03/7/2014 13:20

Moved to a 7 yr high ; but still off the £6 peak of 1996.
Time to shed a few?

[wad collector] 12/6/2014 14:44

Juveniles who were not paying attention in Maths lessons.

[dr_smith] 11/6/2014 14:02

..especially on entertainment value when the answer was 710.0553, 710.77345 or 59009 ;-)

[wad collector] 11/6/2014 13:24

There are many ways of skinning an orange.
I used to be a human calculator until Casio started out-performing me in about 1975!

[trytotakeiteasy] 10/6/2014 21:13

Wad collector - thanks for that. Lots of lines explaining it but I think the easiest ways is to say adjust the old share price and dividend in terms of the current number of shares.

So consolidation would have made the share go up by 9/8

Dividend on less shares so also up by 9/8

So old share price would have changed by

532 * 9/8 for consolidation and then - 9/8 (* dividend of 57) as gone ex-dividend

So on that basis yes get 598.5 (share price after consolidation) - 64.125p

= 534.375p

Current share price 527p and so we are down on where we would be without consoidation.

So same result as Wad Collector just tried to do it in one go.

[deanforester] 09/6/2014 23:07

It will be paid on 19 June.

[wad collector] 03/6/2014 21:03

8 new shares + ( 9 x 57p special)= 9 old shares
or
8 new shares = 9 old shares- 513p
or

1 new share = 9/8 old shares - 513/8

1 new share =1.125 old shares - 64.125p

closing price of 532p on old share

1 new share = 598.5p- 64.125p

=534.375p
So old closing price was equivalent to opening price of new share of 534.375p
so when new price was 538p , it was 3.625p up ( so my 2p figure was wrong).
Todays close of 534p is almost exactly the same as the closing price on Friday.

If you pay more tax on the special dividend then you are not so happy.

[trytotakeiteasy] 03/6/2014 19:00

wad collector - how did you work that out?

[wad collector] 02/6/2014 12:11

Now gone to 8/9ths of original share price with xd57p
which makes todays share price of 538 about 2p up on the close of 532 pre split.

[wad collector] 22/5/2014 08:31

57P special with share option and consolidation on the horizon.