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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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19 Feb 2015 21:37

Moody's may downgrade Ball Corp over Rexam deal

By Mariana Santibanez NEW YORK, Feb 19 (IFR) - Moody's said on Thursday it may downgrade US can maker Ball Corp amid the company's planned Â£4.43bn (US$6.85bn) acquisition of British rival Rexam Plc. Moody's placed Ball's junk Ba1 rating on review for downgrade, citing the company's "

19 Feb 2015 16:52

MARKET COMMENT: London Ends Mixed As Germany Dismisses Greek Terms

19 Feb 2015 16:45

UPDATE 3-Ball Corp to buy British drinks can maker Rexam for $6.9 bln

* Cash-and-stock deal valued at 628 pence per share * Anti-trust concerns hold back share price * Ball to remain U.S. domiciled for tax (Adds Ball and analyst comments, context, updates shares) By Esha Vaish and Roshni Menon Feb 19 (Reuters) - U.S. drinks can maker Ball

19 Feb 2015 16:33

London close: Greek developments, central bank uncertainty keep UK stocks flat

It was another subdued finish for London's stocks on Thursday as the market continued to fluctuate at a 15-year high on the back of mixed newsflow about Greece and uncertainty regarding global monetary policy. The FTSE 100 finished the session down just 0.1% at 6,888.90. The index has stayed broadly

19 Feb 2015 16:00

FTSE 250 movers: Petra Diamonds boosted by higher production guidance, Man Group stonger on upgrade

Petra Diamonds topped the risers after raising its production guidance from 3.2m to 3.3m carats for the 12 months to 30 June. "Our expansion programmes are on track at all operations, and production is expected to grow to about 3.3m carats in 2015 and to about 5m carats by financial year 2019," said

19 Feb 2015 14:08

BUZZ-U.S. STOCKS ON THE MOVE-Wal-Mart, Priceline, Ocera Therapeutics, Netlist

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stock index futures pointed to a flat open on Wall Stree

19 Feb 2015 12:42

UK MIDDAY BRIEFING: Greek Deal Optimism Gives Way To Uncertainty

19 Feb 2015 11:39

London midday: Stocks recover as Greek hopes outweigh Fed uncertainty

UK stocks had erased earlier losses by Thursday lunchtime as hopes about Greece outweighed uncertainty arising from the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was up just 0.02% at 6,899.24 by midday, having bounced off an intraday low of 6,858.67 reached early on. The in

19 Feb 2015 11:26

UK WINNERS & LOSERS: Centrica Shares Tumble On Dividend Cut, Warning

19 Feb 2015 11:18

TOP NEWS: Eurogroup Set To Convene Friday As Greece Seeks Extension

19 Feb 2015 09:10

UPDATE: Rexam Agrees GBP4.3 Billion Takeover Offer From US's Ball Corp

19 Feb 2015 08:43

London open: Centrica and BAE lead markets lower after FOMC minutes

Uncertainty surrounding the future of monetary policy in the States was weighing on UK stocks on Thursday morning, after the Federal Reserve showed it was wary of raising rates too soon. The FTSE 100 was down 0.3% at 6,879 early on, with energy provider Centrica and defence contractor BAE Systems le

19 Feb 2015 08:42

UK's Rexam Confirms GBP4.3 Billion Takeover Offer From US's Ball Corp

19 Feb 2015 08:34

UK MORNING BRIEFING: Centrica Shares Fall 7.7% On Loss, Dividend Cut

19 Feb 2015 08:25

BUZZ-Rexam: jumps on $6.85 bln Ball Corp offer

** British drinks can maker Rexam jumps 6.4 pct, after saying U.S. rival Ball Corp offered to buy the company in a cash-and-stock deal valued at about 4.43 bln pounds ($6.85 bln) ** Stock up 23 pct YTD, easily one of the most actively traded stock on FTSE 250 ** Rexam said its shareho

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Tuesday newspaper share tips: Vodafone, Rexam

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