REX LN

Rexam PLC

Industrial/Transportation, Event Driven/Special Sit


Presented:06/25/2015
Price:£5.65
Cap:$6.23B
Current Price:£6.45
Cap:$7.00B

Presented

Date06/25/2015
Price£5.65
Market Cap$6.23B
Ent Value$8.00B
P/E Ratio15.7x
Book Value£2.02
Div Yield3.11%
Shares O/S701.84M
Ave Daily Vol1,550,000
Short IntN/A

Current

Price£6.45
Market Cap$7.00B
Rexam PLC manufactures and sells beverage cans. It offers aluminum and steel cans for carbonated soft drinks, beer, energy drinks, and other beverage categories. The company operates in Europe, Africa, the Middle East, Asia, North America, and South America. It was formerly known as Bowater PLC and changed its name to Rexam PLC in June 1995. Rexam PLC was founded in 1923 and is based in London, United Kingdom.

Publicly traded companies mentioned herein: Ball Corporation (BLL), Rexam PLC (REX LN)

Highlights

​The presenter is long shares of Rexam (REX LN), citing “dramatic” internal improvements with additional tailwind from the Ball acquisition. He believes the combined company will trade at $105 post-deal, which implies 725 GBX on REX LN for a ~30% upside in one year’s time.

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Idea Discussion

Commentor 1 - 2 weeks ago

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