Share Name Share Symbol Market Type Share ISIN Share Description
Rexam LSE:REX London Ordinary Share GB00BMHTPY25 ORD 80 5/14P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 645.00p 0.00p 0.00p - - - 0 06:36:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 3,925.0 250.0 25.9 24.9 4,553.87

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Date Time Title Posts
02/6/201612:54Rexam - Charts & News1,028
04/9/201408:00Why to BUY and HOLD in Rexam (REX)-
11/8/200917:08 *** Rexam ***59
12/4/200615:55Rexam - A safe home in volatile markets?304

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betman: Hi lambeater, I believe your information to be correct. In terms of Ball Corp, the share price seems to have stalled since 2015 after a huge rise. Maybe this takeover will kick start them onto growth again. I like the business and they will be in a strong position with global scale which I think counts in this business when taking on the likes of ABInbev etc If I am correct the divi yield is tiny, advfn says 0.72%. That would be disappointing. Currently I am minded to keep Ball shares to give exposure to this market. I assume I will be able to hold these in my ISA ? Most recent results release In the news release, Ball Reports First Quarter 2016 Results, issued 28-Apr-2016 by Ball Corporation (BLL) over PR Newswire, we are advised by the company that in the "summary of the effects of the above transactions on after-tax earnings is as follows:" table, the "Per diluted share before above transactions" row in the 2016 column should read "$0.59" rather than "$0.58" as originally issued inadvertently. The complete, corrected release follows: Ball Reports First Quarter 2016 Results Highlights - First quarter comparable earnings per diluted share of 59 cents vs. 69 cents in 2015, due to competitive pricing in China, tough year-over-year comparisons in metal food packaging and start-up costs - Multiple growth capital projects ramping up to benefit remainder of 2016 and beyond - Americas metal beverage and global aerosol packaging volume growth offset by project start-up costs - Aerospace contracted backlog at the end of quarter $729 million; an increase of more than $100 million since year-end 2015 - Proposed offer for Rexam PLC anticipated to close in late June BROOMFIELD, Colo., April 28, 2016 /PRNewswire/ -- Ball Corporation (NYSE (NYX): BLL) today reported a first quarter 2016 net loss attributable to the corporation of $127 million, or a loss of 90 cents per diluted share (including after tax charges of $213 million, or $1.50 per diluted share for business consolidation, debt refinancing and other costs) on sales of $1.8 billion, compared to $21 million of net earnings attributable to the corporation, or 15 cents per diluted share (including after tax charges of $76 million, or 54 cents per diluted share for business consolidation costs, debt refinancing and other costs), on sales of $1.9 billion in the first quarter of 2015. Comparable earnings per diluted share were 59 cents in the first quarter 2016 versus 69 cents in the first quarter of 2015. "Strong operating performance in our U.S. and European metal beverage businesses was offset by difficult year-over-year comparisons in our China metal beverage and U.S. metal food businesses, as well as start-up costs for growth projects," said John A. Hayes, chairman, president and chief executive officer. "Our proposed offer for Rexam continues to move forward and we expect the transaction to close in late June." Details of comparable segment earnings, business consolidation activities, historical segment reporting, and Rexam transaction-related hedging and other costs can be found in the notes to the unaudited condensed consolidated financial statements that accompany this news release. Metal Beverage Packaging, Americas & Asia Metal beverage packaging, Americas and Asia, comparable segment earnings in the first quarter 2016 were $102 million on sales of $937 million, compared to $125 million on sales of $1 billion in the first quarter 2015. In North America and Brazil, first quarter volumes improved, all of which was more than offset by weakened demand and price erosion in China. During the first quarter, the company began production on one of the new beverage can lines and multiple end lines at its Monterrey, Mexico, facility with a second beverage can line scheduled to start up in mid-2016. Start-up costs related to this major project will moderate in the second half of 2016 as production ramps to support our customers' demand. Metal Beverage Packaging, Europe Metal beverage packaging, Europe, comparable segment earnings in the first quarter 2016 were $39 million on sales of $356 million, compared to $29 million on sales of $379 million in the first quarter 2015. Comparable segment earnings were higher in the first quarter due to lower year-over-year aluminum premiums and strong manufacturing performance. Metal Food & Household Products Packaging Metal food and household products packaging comparable segment earnings in the first quarter 2016 were $20 million on sales of $284 million, compared to $30 million on sales of $308 million in the first quarter 2015. During the first quarter, the segment faced difficult year-over-year volume comparisons, inventory holding losses and start-up costs related to the introduction of a new two-piece steel aerosol investment in the U.S. Demand for metal aerosol containers remains strong and related investments made in late 2015 will provide momentum throughout the remainder of 2016. In February, the company also announced the closure of its Weirton, West Virginia, steel food and household metal service center, which is expected to cease production in early 2017. Certain equipment will be redeployed throughout Ball's existing U.S. manufacturing locations to support the segment's remaining facilities. Aerospace and Technologies Aerospace and technologies comparable quarterly segment earnings in the first quarter 2016 were $18 million on sales of $180 million, compared to $20 million on sales of $215 million in the first quarter 2015. Across the segment, effective cost management continues and the company is in the final stages of negotiating multiple contracts for programs awarded in late 2015. As projected, contracted backlog grew more than $100 million to $729 million at the end of first quarter and anticipated meaningful quarter-on-quarter backlog improvement will further position the company for stronger segment performance in the future. During the quarter, the business acquired Wavefront Technologies, a specialized engineering services firm that provides systems and network engineering, software development and analytical services for cyber and mission-focused programs within the U.S. government. Ball will leverage its existing hardware capabilities to complement this acquisition. Outlook "We continue to expect 2016 free cash flow to be in the range of 2015 free cash flow, excluding cash costs for the proposed Rexam acquisition. The multiple currency and interest rate hedges implemented throughout 2015 and early 2016 to mitigate risk related to the proposed acquisition continue to influence GAAP accounting results," said Scott C. Morrison, senior vice president and chief financial officer. "Operationally and from a demand perspective, our first quarter results were largely in line with our expectations. We fully expect for our businesses to gain momentum through the balance of this year as our cost optimization efforts are further realized and the growth capital deployed in 2015 transitions into full production," Hayes said. "We are nearing the finish line on our proposed offer for Rexam and look forward to reaping the benefits and increasing EVA dollar generation." About Ball Corporation Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 15,200 people worldwide and reported 2015 sales of $8.0 billion. For more information, visit, or connect with us on Facebook or Twitter.
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!
wad collector: Thanks for spotting that in the hailstorm of RNS. Ball share price is holding at $72.3 - pretty stable for a month or so. From Beaufort Securities; Rexam (LON:REX) – Hold On Friday, the Ball Corporation informed that the process of requisite regulatory approvals for the acquisition of Rexam is proceeding as expected. On 19th February, the company had announced the terms of a recommended cash and share offer to buy the entire issued or to be issued share capital of the Rexam. The company would have cash flow in the range of US$600m excluding the cash costs of proposed acquisition. Moreover, several currency and interest rate hedges are likely to be introduced in order to mitigate the risk related to the acquisition. Meanwhile the Ball Corporation also announced its first quarter earnings that signalled lower net earnings for the Q1 2015 owing to a weak euro. The net earnings attributable to the company for 2014 stood at US$470.0m compared to US$552.8m in the comparable period. The business consolidation and other activities net of tax were US$62.2m and the debt refinancing costs net of tax was reported to be US$20.6m. The ball corporation expects the interest expense in 2015 to around US$147m and the effective tax rate to be just over27%. For the year 2015, the company expects the net earnings to be at or below US$495m. Our view: Following the cash and share offer in February, the acquirer, Ball Corporation has announced a profit warning for the year for the first time due to the negative impact of a declining euro. The company is moving ahead as planned for the proposed acquisition and is taking several steps to control the risk related to interest and currency headwinds in order to have minimal impact on the company’s financials. On the other hand, Rexam has already witnessed a sharp rise in the share price following the proposed share and cash offer from Bell Corporation. Rexam continues to perform well and enjoys strong fundamentals with a robust presence in the UK markets. However, the recent run up in the price may provide limited scope for upside potential. Thus we move the stock to Hold for now.
wad collector: Ball share price continues to fall , now 70 cents , but the market seems curiously muted with Rexam. Presume due diligence is progressing , not sure when the next news will appear...
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.
alphahunter: I've opened a short position on BLL, can't figure out how the NPV of the taxed synergies accrued to Balls's shareholders can justify Ball's share price reaction. Earnings where uninspiring if one reads the earning call report. 1. The deal gets through and Ball's 10% spike (+600m in Gbp) needs 500bp in ebit margin improvement over ten years to justify Ball's share price. Antitrust concerns and forced disposals may dilute the synergy potential. 2. Crown joins the dance floor and Ball gets under pressure, good for Rexam 3. No deal, Balls gets back to mid 60s. 4. Edit: The BoD tells Ball to raise the bar or pick up the ball and play somewhere else. A case may be to be long Rexam short Ball?
jeffcranbounre: In today's ADVFN podcast Zak chats and charts Rexam #REX To listen to the podcast click here>   In today's podcast: - "What are you investing for?" - Technical Analyst and PR at Zak Mir chatting and charting Quindell, JKX Oil & Gas, Rexam, UKOG, Union Jack Oil and AfriAg. Zak on Twitter is @ZaksTradingCafe - The micro and macro news - Plus the broker forecasts   Companies mentioned in today's podcast include: Quindell #QPP Premier Farnell #PFL Gulf Keystone Petroleum #GKP Skypharma #SKP JKX Oil and Gas #JKX Imperial Innovations #IVO Lonmin #LMI Rexam #REX Paragon #PAG Berkeley Group Holdings #BKG UKOG #UKOG XP Power #XPP Poundland Group #PLND Bovis Homes #BVS Union Jack Oil #UJO Constellation Healthcare Technologies #CHT YouGov #YOU Prudential #PRU UKOG #UKOG Barratt Developments #BDEV Capita #CPI Smith & Nephew #SN. Glaxosmithkline #GSK AfriAg #AFRI Solo Oil #SOLO Tate & Lyle #TATE Avocet Mining #AVM Shaftesbury #SHB   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
bookbroker: 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.!
trytotakeiteasy: 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.
philanderer: TMF : Harvey Jones takes a second look at Rexam plc (LSE: REX), Rexam (LSE: REX) is one of its unsung heroes. It makes its money from manufacturing beverage cans, which isn't glamorous, but brings in plenty of tin. Or so I thought. In June Rexam shocked the market by issuing a profit warning, announcing a "challenging" first half as beverage can volume growth began the year more slowly than planned. First-half operating performance was down, and the company warned that full-year performance will be "modestly lower than previously anticipated". Chairman Stuart Chambers took the opportunity to invest £46,000 in his own shares. Should you follow his example? The share price has stabilised since that shock, but given its worries, Rexam looks pricey at 13.7 times earnings, with a humdrum 3.1% yield. Forecast EPS growth of 10% this calendar year and 9% next looks healthy enough, and Deutsche Bank has it as a buy, with a target price of £5.50 (today's price: £4.89). But there must be cannier investments out there. HTTP://
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