idontwanttolose
05 Feb 2015
WOWlooked what happened REX Bid: 540p Offer: 542p Change+: 93.9 at 11.39am
idontwanttolose
05 Feb 2015
Re: Why to BUY and HOLD in Rexam (REX) I wonder who those listed below sold their combined 1% on 2nd Feb 2015 and why they did so????Bank of New York, Inc. - Global custodyBank of New York, Inc- Dir PersonalBMO Harris BankBNP Paribas Securities SA & FrankfurtCIBC-Mellon Canadian officeComerica BankJ.P. Morgan Chase- Dir Pen AcctJP Morgan Chase - SWIFTJP Morgan Chase TrustLandesbank Baden - WurttembergMellon TrustMorgan Guaranty - Personal CustodyNorthern Trust Co.PNC Bank, N.A - Phil./Trust SecuritiesState Street Bank & Trust CompanyState Street Bank - Custodian - ETCState Street Bank - Master Tr -ETCState Street Bank - Custody Master Trust
gravy
05 Feb 2015
Re: Why to BUY and HOLD in Rexam (REX) Thanks Pasak.
pasak
05 Feb 2015
Re: Why to BUY and HOLD in Rexam (REX) The Independent says that a rumour surfaced yesterday that US private equity could be interested in a punt for REX.
gravy
05 Feb 2015
Re: Why to BUY and HOLD in Rexam (REX) Something is going on today. No idea what.
Broncomaniac
27 Jan 2015
Re: Why to BUY and HOLD in Rexam (REX) Rexam may be left with one core business of aluminium cans, but it has a geographical reach. I wouldn't say that it is a 'no growth' business either. The new factory in Switzerland and the new venture in Panama should produce some growth, and the new factory in Brazil opened in 2013 will still be growing I expect.It is a rather boring business, but I would be happy to buy in at a P/E of 10, so if it reaches 400p I will probably invest.
GoonerBoy1886
17 Dec 2014
Re: Why to BUY and HOLD in Rexam (REX) Yeah good point. I don't know why companies, MOST companies are so stupidly managed like that. They do all the share buy backs and divvy increases at the peak of markets and have nothing in the pot for the rainy day. 60% of companies seem to be like that! It does my head in.
numberbiter
08 Dec 2014
Re: Why to BUY and HOLD in Rexam (REX) I would argue that this share is overvalued, rather than being 'fair value'. It has sold the family silver and is left with only its one core business of aluminium cans. Having recently sold a business for several million it used the money to buy back its own shares, rather than reduce debt. Now it cannot really continue the buy back programme without going further into debt, so it cannot use this mechanism to inflate EPS. I forecast that earnings will be flat in 2015 and a 'no growth' business should have a P/E of 8 or 9, not higher. I expect the share price to be below 400p in twelve months time.
