JR710
28 Jul 2016
The Petition is gaining support Apologies for board hopping; but !The petition is going quite well; 6250+ signatures so far. ONLY 2 weeks to go !!![link] you hate seeing buys reported as sells etc!!!!!!Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.New chancellor, shaddow chancellor, most MP's & the Stock Exchange aim committee.If you follow tweeters etc, send it to them please!If this petition doesn't reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.as well asSo , If you haven't yet signed or indeed have but haven't passed it on to others, then now's the time to do so.
pasak
02 Jun 2016
Final 3 weeks 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 sp 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!
Hawk Eye32
23 Mar 2016
Re: Deal Approved OT, youdid very well glencore cannot see one repeating that very often? I personally don't see a recovery in the mining sector this year. As you point out it is a big gamble, I for one am not looking for any more big gables at present. I already have enough in this sector showing a big loss will keep Rex for now as they are up since last post. When is settlement day for T/O
Ripley94
22 Mar 2016
Re: A long wait for the proposed take ov... ??
Opportunist Trader
21 Jan 2016
Re: Deal Approved Given the state of the market you are probably best off taking profits from this share and looking for value in stocks which have gone down recently. There is probably a 5% upside here over the next few months. I sold yesterday and put the holding into Glencore (which I have just sold after a 15% rise today). I'm looking at bombed out mining and energy stocks as potential recovery plays. It's a big gamble to get into that sector but the time to buy is when everybody else has sold.
Hawk Eye32
20 Jan 2016
Re: Deal Approved OT, it would appear the best course would be to wait to the very last minute then sell in the market. Would you agree with this course of action? Or am I missing something here.
Opportunist Trader
20 Jan 2016
Re: Deal Approved The reason that it's not trading higher is mainly due to uncertainties in the market. If you have followed this share you will find it is one of the few that has increased in value recently despite the market falls.The final price of the deal is made up of two components:A cash offer of 407 p per sharePlus 0.04568 Ball shares for each Rexam share held. Since both the value of the US dollar and Ball shares are changing daily the value of the offer will change. At the time of writing £1.00 = $1.4171Ball share price = $69.34Therefore the offer is currently priced at 407 p + 223 p (based on current value in sterling of the Ball shares) = 630 pAnother reason is UK investors will not want the shares in Ball Corporation as these are US stocks.
The Dutchman
20 Jan 2016
Re: Deal Approved I would be interested to know where you read that the deal had been approved. I'm a bit surprised since if you are right then why are the shares trading at 602 and not much closer to the 640 you suggest ( 628 plus 12 divi) ?
Hawk Eye32
20 Jan 2016
Re: Deal Approved OT, would you be good enough to remind me the terms of this deal, many thanks.
Opportunist Trader
19 Jan 2016
Deal Approved It's good to see that the deal with Ball has gained regulatory approval. Based on the current exchange rates and Ball Share price this values the takeover at 628 p per share. Assuming some recovery in Balls share price over the next few weeks it could be worthwhile holding on to these a little longer. There will probably be a final dividend of around 12p per share for this year which usually goes ex-dividend at around the end of April for payment at the end of May. I'm thinking of selling my holding as these have done well in the recent downturn and I'm looking for some alternatives to Buy.
idontwanttolose
21 Nov 2015
The reason for last nights rise in the REX sp Listed at 5.43pm on 20th Nov20 November 2015RECOMMENDED CASH AND SHARE OFFER FOR REXAM PLC BY BALL UK ACQUISITION LIMITED a wholly-owned subsidiary of BALL CORPORATION Update on European Commission Proceedings On 19 February 2015, the boards of Ball Corporation ("Ball"
and Rexam PLC ("Rexam" announced the terms of a recommended cash and share offer by Ball UK Acquisition Limited ("Bidco", a wholly-owned subsidiary of Ball, for the entire issued and to be issued share capital of Rexam (the "Offer Announcement". Today, Ball confirms that the European Commission has entered into a period of market testing based upon commitments proposed by Rexam and Ball. These commitments have been proposed with a view to obtaining EU Commission clearance of the previously announced offer by Ball for Rexam (the "Offer". As a result of this development, the European Commission's review timetable is automatically extended to 22 January, 2016. Ball expects that all necessary regulatory clearances will be obtained to enable the proposed acquisition to close during the first half of 2016. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.
totalreturn
06 Oct 2015
Re: A long wait for the proposed take ov... Looks like the timetable is slipping:[link]
Ripley94
05 Jun 2015
Re: A long wait for the proposed take over ii 5/2/15price was 547 .has the price eqv changed due to ball eqv ?wasn't there a deadline on 5 march what happened ?
hammersandpodgers
03 Jun 2015
Re: News? I have Rexam pension - wonder if this deal will effect the current fund which is doing well?
cakeslicer
30 May 2015
News? Reasonable drop on Friday and the end-of-day auction traded 75% of the total daily volume.Looks like a decent level to enter if one believes the Ball takeover will go through.Anyone out there heard anything further from either Rexam or Ball or seen any analyst comments on the overall probability of the deal going through, any regulatory issues etc?Also, do we know if the next dividend payment from Rexam is secured or is at risk?Thoughts / views appreciated.
