Some of this reporting is legitimate.Recycling brass chips is...

Some of this reporting is legitimate.

Recycling brass chips is reuse of a high value material, so it passes the commonsense test as well as being important in looking after the natural assets God placed on the earth.

Also good to see that RwC has a community foundation. It's also legitimate to discover how 'engaged' employees are with the company, though there could always be an element of saying what employees or contractors perceive is 'what the company likes to hear'.

There's insufficient emphasis on how many RwC products make life better for residents of so-called emerging economies such as in southeast Asia to name one area close geographically and often culturally to multicultural Australia.

However, there's the usual virtue signalling evident.

That 33 per cent of a plant in the United Kingdom relies on solar energy doesn't appear to take into account how these panels have a limited lifespan. The majority are manufactured in authoritarian mainland communist China, renowned for its lax environmental controls. More recently, there've been allegations about this government using forced labour. Did this occur with these products?

The UK is a classic example of an economy that stupidly closed its coal mines and is now paying the price with skyrocketing energy costs. The latter hits the poor hardest, rather than virtue-signallers travelling by air in corporate jets or first/business class. An emphasis on claimed 'renewable energy' means that everyone from manufacturers such as RWC to householders pay more, and doesn't answer the question as to how reliable baseload energy is to be provided.

It's unfair to solely blame RWC for what has recently been its sinking share price. This may be a function of the rising A$ and continuing supply chain difficulties, among other headwinds like interest rates rising and inflation that is acknowledged to be serious in the USA but about which in Oz the Reserve Bank has failed to take action.. RWC does however arguably have reasonable pricing power.

That said, RWC's commentary on woke 'diversity and inclusion' isn't matched by equal discussion on 'competency'. It's against the interests of SH for individuals to be employed or promoted merely because they tick a 'diverse' box.

It's worth noting the only company in Oz to have consistently increased its dividends every year since listing in Australia in 1903, SOL, with its renowned Chairman Mr Robert Millner, doesn't engage in this sort of diversionary box-ticking.