Rexam Share Discussion Threads

[bookbroker] 30/1/2015 14:14

Looks like a perfect storm evolving here, and the chart looks awful, thought we would see a respite and now I gettin nervous!

[bookbroker] 30/1/2015 09:50

Actually I'm long, hence the remarks, the tone of comment is pretty clear, fully aware of the headwinds presented by the Al. premium and the currency issues, and that's notwithstanding the nature of the cos. contracts, and to cap it all some of their developing markets like Russia. Off course these boards are a waste of time in terms of trying to understand the share price movements, as I see the BB., it's probably a way of venting one's frustration at the difficulties faced by a co., however I still believe Rexam is a co. with a strong mkt. position and a healthy balance sheet being confronted by the current difficulties, although I sometimes question the use of Al. in beverage cans, but what is the alternative, and I am aware of a reluctance by beverage cos. not to use recycled Al.!

[getscenic] 28/1/2015 18:37

bookbroker, I take it you have short running at the moment, problem you have I don't think anyone is listening!

[bookbroker] 28/1/2015 13:32

Another chronic performance from this co., I know there is a reluctance to use recycled Al., in cans, but it's the only way they will be made efficiently, maybe he should have kept that plastics operation, some radical decisions to be made on the canned beverage market it seems!

[bookbroker] 28/1/2015 08:58

Bothers me how Chipchase will confront rising use of Al. in motor vehicles, and the effect this will have on the price of Al.!

[bookbroker] 27/1/2015 14:29

Time Chipchase thought about hedging his aluminium requirements, he's been in the job long enough to know about commodity swings, frankly he is not doing a very good job here at creating shareholder value, why not have bought back or reduced debt last year with the proceeds from that sale, instead just hands it back to shareholders!

[bookbroker] 26/1/2015 22:45

Since gone up, sometimes negotiated with drinks cos., but not in Europe, only US, in terms of accounting for rises in premium! Warehouse exert great control over supply.

[betman] 26/1/2015 22:39

I am surprised some enterprising producer hasnt undercut the producer trader warehouse "cartel" and arbitraged out some or all the premium. Does this premium exist on all metals or is Al unique ? I can understand some premium for storage and other logistics costs.
The Al charts above show the spot price at 2012 levels
Update
Just googled aluminium premium and all explained. The telegraph article 14 Nov has a graph of the premium.

[betman] 26/1/2015 22:33

I am surprised some enterprising producer hasnt undercut the producer trader warehouse "cartel" and arbitraged out some or all the premium. Does this premium exist on all metals or is Al unique ? I can understand some premium for storage and other logistics costs.
The Al charts above show the spot price at 2012 levels

[bookbroker] 26/1/2015 08:23

Anyone here able to post a chart of the aluminium premium here, or the price , that is is what is most important to this co. over and above all else, the price of Al. not relevant!

[betman] 21/1/2015 12:19

I am not a huge chartist but I can see what looks like a support level at 440p-ish, seems to have hit that in November, December and January. Isnt a triple bottom quite a significant chart signal ???
Reality is that REX has exposure to weak areas like Russia and Brazil but thats why the price is down ?? The low price on Aluminium should help costs along with oil
Overall I see this as a good buying area and a 4% divi whilst waiting for recovery
Any views out there and other key drivers for share price ?

[wad collector] 22/12/2014 12:01

Look at the middle graph on the header - the Al price is dropping. In any case , the rival suppliers have the same problem.
"Sit on hands" time I think.

[redartbmud] 16/12/2014 11:24

wad

Don't they have an aluminium pricing issue?

red

[wad collector] 16/12/2014 10:09

That is quite an impressive slide over the last 6 months - down 20% is significantly worse than the FTSE100. Low oil prices ought to cut manufacturing and transport costs , but obviously other effects as well on demand. Wonder where next?

[maurillac] 17/11/2014 12:51

certainly hope so ... not my best timed purchase ! hopefully the yield will attract some buying presently
m

[wad collector] 17/11/2014 12:20

The knife has fallen further ..ah well ... it will rise again one day...

[wad collector] 13/11/2014 09:23

I did note your sarcasm. Seems like the share price has over-reacted to me. We are down on our recent purchases at the moment , but we were both buying long.
Not worried.

[maurillac] 13/11/2014 09:18

dup post
m

[maurillac] 13/11/2014 09:18

i was being sarcastic - i dont understand the market reaction. good luck with your purchase wc. at least you got in near the years low and there is a decent divi !
m

[wad collector] 13/11/2014 08:45

A half empty interpretation I reckon. I prefer the half full interpretation and just added at 447.
All the producers are under similar pressures , and if the costs go up , they will all have to raise their prices .

[maurillac] 13/11/2014 08:23

in line but share price down 6.5% , luvverly ;)
m

[redartbmud] 13/11/2014 08:06

bw

Yes, downwards.

red

[broadwood] 13/11/2014 07:27

Rexam says results since 1 July in line with plans