Ann: FY22 Investor Presentation, page-102

"Stil bs. All ords up 5%, same as ASX200."

[#more.red.herrings]

All Ordinaries Index on 30 June 2022 = 6720
All Ordinaries Index on 31 December 2022 = 7224

Index Return = 8% (I said "almost 10%" based on visual inspection... objectively, that's close enough)


By the way, getting back to the investment in Reece, you never answered this question from an earlier post [https://hotcopper.com.au/posts/65458467/single]:

"Assuming you wanted to make, say, a 25% return on your investment in Reece (the minimum amount to warrant becoming greedy, one would have thought), do think that that desired investment return is going to come from:

1.) a 25% upwards re-rating of the P/E multiple (given the consensus forecasts are for generally flat EPS), to close to 30x?

or

2.) actual EPS that end up being 25% higher than consensus?"


It's a serious question: how do you envisage actually profiting from your investment in Reece based on the above?

.