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Tuesday newspaper share tips: Vodafone, Rexam

Tue, 26th Apr 2016 15:43

(ShareCast News) - Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said.Some observers fret that the shares current price-to-earnings multiple of 40 times forecast earnings is too rich while earnings per share of 5p barely cover a dividend payout of 11.4p per share.Indeed, such a rating can only be justified if the company grows quickly in coming years.The good news on that front is the number of people using its money transfer service at the end of April was up by 27% on year ago levels.Furthermore, the bulk of capital spending linked to its 'Project Spring' was now past, Questor explained.Together with the possibility of a takeover bid materialising means that rating is warranted.'Buy', Questor says. The asset disposals unveiled by Rexam and Ball should have removed the last obstacle to their tie-up in summer, although it remains to be seen what US competition authorities will ask for in exchange for letting the dela go through, The Times´s Tempus said.Had it not been for the 12 plants European officials asked the two companies to hive-off, then the combined outfit would have had 60% of the US market and nearly 70% of Europe´s.Shareholders in Rexam will receive 19% of the new firm, although they can opt for a mix-and-match option for cash.Some investors might be reluctant to owning a US stock, but at 19 times´ this year´s profits the shares are "not toppy for a US-quoted company".If one adds to that the $300m-plus of savings on offer following the merger, even after the disposals, then the shares were worth holding onto, the tipster said."The deal is as good as done, the disposals required are being handled quickly and efficiently and the merged business has good prospects."

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20 Jul 2015 18:54

Ball falls as Rexam takeover probed by EU competition regulator

(ShareCast News) - European competition regulators on Monday opened an investigation into Rexam's agreed £5.4bn takeover by US rival Ball Corporation. The European Commission will probe the deal over concerns that it may stifle competition in the continent's beverage can and aluminium bottle manufac

20 Jul 2015 17:19

UPDATE 1-EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

(Adds details of probe) By Foo Yun Chee and Julia Fioretti BRUSSELS, July 20 (Reuters) - European Union antitrust regulators have opened an in-depth investigation into whether U.S. drinks can maker Ball Corp's 4.4 billion pound ($7 billion) offer for Britain's Rexam Plc will lead to h

20 Jul 2015 16:55

EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

BRUSSELS, July 20 (Reuters) - European Union antitrust regulators opened an in-depth investigation on Monday into U.S. drinks can maker Ball Corp's 4.4-billion-pound ($6.85 billion) offer for U.K. peer Rexam Plc, concerned about the anti-competitive effects. "The Commission has concerns tha

15 Jul 2015 15:36

Rexam finance director Robbie to take leave of absence due to illness

(ShareCast News) - Rexam's finance director David Robbie has been granted a leave of absence to undergo medical treatment and chemotherapy, having been recently diagnosed with a serious condition. Kath Kearny-Croft, director of group planning and finance, has been asked to take the role of acting fi

15 Jul 2015 11:11

Rexam Finance Director Robbie Takes Leave Of Absence Due To Illness

17 Jun 2015 10:30

UPDATE 1-EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

(Adds background, timing of deal) BRUSSELS, June 16 (Reuters) - European Union market competition regulators are set to decide by July 20 whether to approve the 4.4 billion-pound ($6.9 billion) merger deal between Ball Corp and Rexam Plc, the world's two largest makers of drinks cans. Read more

16 Jun 2015 18:20

EU mergers and takeovers (June 16)

BRUSSELS, June 16 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- PRS for Music Ltd (PRSfM), Foreningen Svenska Tonsattares Internationella Mysikbyra (Stim) and Gesellschaft fÃ¼r mus

16 Jun 2015 16:10

EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

BRUSSELS, June 16 (Reuters) - European Union market competition regulators are set to decide by July 20 whether to approve the 4.4 billion-pound ($6.9 billion) merger deal between Ball Corp and Rexam Plc, the world's two largest makers of drinks cans. The companies sought approval for the d

27 May 2015 05:13

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Tuesday newspaper share tips: Vodafone, Rexam

Ball falls as Rexam takeover probed by EU competition regulator

UPDATE 1-EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

Rexam finance director Robbie to take leave of absence due to illness

Rexam Finance Director Robbie Takes Leave Of Absence Due To Illness

UPDATE 1-EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

EU mergers and takeovers (June 16)

EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

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