Continuing with questions, Mr Sharp said the United Kingdom is the most challenging market to predict. It's got Brexit, and the UK handled COVID-19 with lockdowns, making it different to the USA. When lockdowns ceased in the UK, even distributors had a little bit of excitement and increased inventory levels. RWC believes it hasn't lost market share. Trying to draw a straight line through all this is difficult, but RWC is performing in the UK a bit better than pre-COVID.
In Europe, RWC has no idea of what will occur in Europe. (This may have been a reference to the Russia -Ukraine situation).
In the USA, repair and maintenance plumbing is a big part of business. It should remain resilient.
Pricing increases in the OEM channels are contractural and are 'rise and fall'. For other customers, Mr Johnson doesn't expect copper to decrease in price any time soon.
RWC uses rail where it can, but its location in Alabama makes this hard at times.
Shipping delays: RWC uses whatever port is open, even New York.
RWC Price at posting:
$5.09 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)