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
$27.41 |
Change
-0.080(0.29%) |
Mkt cap ! $17.70B | |||
| Open | High | Low | Value | Volume |
| $27.61 | $27.75 | $27.41 | $10.11M | 368.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3741 | $27.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.44 | 28 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$27.41 |
Change
-0.080 ( 0.78 %) |
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| Open | High | Low | Volume | ||
| $27.74 | $27.74 | $27.41 | 78688 | ||
| Last updated 16.10pm 06/05/2024 ? | |||||
| REH (ASX) Chart |