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Agree that a 35p fall seems well overdone basis the RNS. Good buying opportunity. Can you recall what caused the mid October dip in price ? Just Russia ? Rgds
ecovest, I can't see that the IMS today warrants a 7% fall. Ok dollar is up, so margins will fall on dollar sales. I am sure over costs will reduce and compensate ie.energy. So I have topped up today at 446p. May be not short term but long term this share will always come good.
Just a tad over 446p...small top up
It says" In terms of the trading environment, we are planning for margins on certain sizes of US specialty cans to reduce next year and, additionally, for the trend towards global procurement contracts by our customers to continue. In light of these developments, we are reviewing our cost base further and will provide an update at the full year results in February." The margins bit I get. What's the issue with global procurement contracts? Surely that could work in favour of a global firm like Rexam? I'm sure I'm missing something there though.
Yes 448p looks good....not made my bid yet.
Not the IMS we needed...however watch the price and buy in at the low.
Prediction is £5 before the interim statement this month. Pile in folks!
Quality share...will be back to £5.00 soon, either before interim statement in November or if not then very shortly after.
Time to buy, whilst market is at a low and prior to Interim statement in November. As the market rises again, this will be back to £5 and no reason for divis not to be good.
Good defensive share IMO. Overall stock market about 7% down since last month, so time to top up for me. Hold until next years dividend at least.
Agreed. Not personally jumping in. Occupied with IGG (IG Group) but good luck to all. Gideon.
today. I might dip my toe in a little more.
SP now < 480p - A good time to BUY. NB
Good rise today considering FT is down and glum news from Tesco.
Quality share, bound to come good eventualy.
Is this an IRN-BRU surge today before outcome of Scottish Independence vote!?
Struggling to find any of my shares in the blue....think REX is my only salvation this morning.
Now that Rexam are solely a producer of Beverage Cans( having divested other businesses),there is a chance that they will be "swallowed up" by either Ball or Crown.(see Rebound post of 2013)
Hi NavyBloke, a reliable trading range is a great thing to find, particularly when the underlying company is a good one (such as Rexam). Thanks for the heads up, I think I'll look to get in over the next few days.
Hello Mr Schiffer, I think it all depends on what your objectives are. Rexam is never going to set the world on fire BUT it is a share which appears to move cyclicly within a quite narrow but RELIABLE band (Presently 485-ish to 545-ish) This is usually enough to let you make 5+% twice a year AFTER dealing costs. I'm sure you will realise that you cannot expect to pick the top/bottom prices except by pure luck (- hence my guarded comments on prices and %) If you are happy to take such level of profit then by all means buy REX. I've been a long term holder (for 25+ years now), but also trade in and out on a regular basis taking these regular profits. Why not consider joining me?? Good luck. NB
Many thanks MaoWombat, agreed, anything under a fiver looks like good value.
I think the good entry point has slipped by. No doubt the FT100 will be hit with some bad news before year is out. So that might give an opportunity. Otherwise it is still under £5,,,so for keeping long term that's an OK price IMO.
I've admired this share for awhile and I'm looking for a decent entrance point. Do you have anything thoughts on how low it might go?
will go lower , wait
xd or not xd, in my opinion (years of practice) at 490p and now turned the bottom - - -NOW is the time to BUY. Even if we see only 5 - 8% in 2 - 3 months this will be a winner for REXAM followers. Good Luck NB