REH is back to a more normal valuation. Though hopefully the US expansion will not become one of those ill fated forays that Australian companies make overseas. Though it should be noted management are on a level above most other companies who have attempted the overseas expansion.
The 30 year loan rate on a new house build in the US is up around 6% now (in November 21 it was 3%). There will definitely be a downturn in US housing. How big it is and how much it impacts REH is the question? For now I have chosen to do nothing, my default position when in doubt.
PS although I sold out around $25 (as posted in HC forum) unfortunately I reinvested the money in a SP500 index fund. So I have only lost 20% of my money instead of half. The smarter option would have been to keep the money in cash as some other posters on this thread did after selling.
- Forums
- ASX - By Stock
- Ann: HY21 Investor Presentation
REH is back to a more normal valuation. Though hopefully the US...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add REH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$26.73 |
Change
-0.200(0.74%) |
Mkt cap ! $17.35B |
Open | High | Low | Value | Volume |
$26.82 | $26.98 | $26.65 | $9.947M | 371.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1030 | $26.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.81 | 200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1030 | 26.720 |
1 | 1030 | 26.700 |
1 | 803 | 26.690 |
2 | 3349 | 26.670 |
1 | 114 | 26.650 |
Price($) | Vol. | No. |
---|---|---|
26.810 | 200 | 1 |
26.890 | 1030 | 1 |
26.900 | 9 | 1 |
26.910 | 1851 | 3 |
26.930 | 1030 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
REH (ASX) Chart |