REH 2.19% $27.94 reece limited

Ann: Half Yearly Report and Accounts, page-4

  1. 16,873 Posts.
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    "Brokers continually shit on REH but it just keeps raising the bar"

    If the basis of that statement is the reported profits, then beware of statutory accounts; they always need to be sanitised to some degree.

    Flatt-ish result is not becoming of a stock with an elevated (~40x) P/E multiple.

    Specifically, flat sales performance in the US, REH's growth engine, isn't a good look.

    .
 
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