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Trading Halt due to pending acquisition announcement: Amcor Limitedâs (ASX:AMC) shares are placed in a trading halt until 8 August 2018, as there is a speculation that the company will announce the all-stock acquisition of U.S. rival Bemis Co for the consideration of $7 billion. After acquisition, the company plans to list in the US also. Currently, the packaging industry is facing challenging environment due to the rising cost of inputs, which is prompting companies to hike prices.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]AMC expects additional unfavourable lag in H2 18 of more than around $15million due to rise in raw material cost. Meanwhile, Bemis provides packaging to a range of industries like food, healthcare and consumer goods etc and has a market value of approximately $US4.20 billion. Bemis operates 57 packaging plants in 12 countries, with most of its operations and about 70% of its sales revenue comes from US. On the other hand, AMC stock has risen 14.80% in three months as on August 03, 2018Â and is trading at a P/E of 22.03x. AMC stock is added to S&P/ASX 20 Index, effective from June 18, 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
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The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
