Opinions
Jenny Harrington, CEO, Gilman Hill Asset Management
Ardagh Metal Packaging
AMBP-Q
BUY
Nov 03, 2023
N/A
Stock price when the opinion was issued
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Ardagh is a small aluminum can company, the third largest in the world. It is down 30% in the past year. Has a SPAC structure which investors hate. And yet they just announced a dividend of 10 cents/share. In 2023, they will earn 55 cents/share and will return cash to shareholders.
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Just added shares to AMBP. They start to generate a lot of cash in 2024. Pays an 11% dividend. We're seeing stabiity in aluminum cans.