CLICK VIEW REPORT TO READ FREE REPORT

Rexam PLC’s (Rexam) 1H 08 revenues and adjusted1 net income were above our estimates while operating profitability was lower than our estimate. Management has reiterated robust performance guidance for FY 2008. We may revise our target price and rating upwards in our next update report. In addition, given the current price levels continuing to support a BUY rating…

CLICK VIEW REPORT TO READ FREE REPORT

Rexam PLC’s (Rexam) common stock has declined significantly since our last update report, primarily due to increase in raw material prices. In light of higher raw material prices, we are likely to lower our margin estimates for Rexam in our next update report....

Rexam PLC (Rexam) announced its FY 2007 results on 20 February 2008. Although revenues were above our estimate, net profit was below our estimate. Revenue growth was primarily driven by the Rostar acquisition and robust performance of the Plastic Packaging segment....