I haven't had a chance to digest the result in any depth but noted that, first in their full 2023 year-end report and now in this half yearly report, mention is made, with respect to Australia, of "non-plumbing network expansion" as part of their "2030 Vision".
When I consider the current value of this company, I tend to look at future growth to justify everything and, in doing so, consider the USA only.
If Reece has a retail / wholesale framework that they consider to be successful and sufficiently generic in its nature to apply to another "field", that would make this stock a lot more interesting.
I haven't had a chance to digest the result in any depth but...
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Last
$24.50 |
Change
0.440(1.83%) |
Mkt cap ! $15.82B | |||
| Open | High | Low | Value | Volume |
| $24.04 | $24.59 | $23.94 | $10.95M | 448.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7989 | $24.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.66 | 2627 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| REH (ASX) Chart |