RWC reliance worldwide corporation limited

0.70%

$4.26

News: RWC Reliance Worldwide Corp Resolves To Defer Payment Of FY2020 Interim Dividend, page-3

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Paccman

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25/04/20

15:09

Post #: 44252270
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Originally posted by Stumpedup: ↑

I actually thought this update was much better than expected given the share price plunge from $4.65 to $1.72 over the last 4-5 weeks. A massive 63% drop.

Trading Update
Sales for January and February of 2020 were in line with expectations. Customer orders in March have, to date, been strong. RWC continues to monitor demand closely so that manufacturing volumes remain appropriate to meet sales demand.

Operations Update
..... With our in‐house manufacturing capabilities, global supply chain and robust inventory positions, we currently remain confident in our ability to service customer needs.

I topped up again below $2.00 before this announcement. Like I've said before, this company earnings should in theory be more resilient than many in the current COVID situation. It may not be super growth stock at this point, but it is very far from the train wreck in other sectors of the market.
With a yield of around 4% and and 12x historic earnings, it is certainly has more medium term upside than cash. Hoping the recent bounce from $1.70 to $2.30 is maintained . Of course the market could see another wave of panic selling at any time, in which case all fundumentals just get thrown out the door.. So it's slowly, slowy..

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I’m new to this one and no idea about plumbing but I don’t see why it’s been slammed so much in the past 90 days. It certainly doesn’t appear to belong in the same company as Flightcenter and qantas but on share price performance it is. What am I missing?

RWC Price at posting: $2.36 Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last $4.26		Change -0.030(0.70%)		Mkt cap ! $3.295B

Open	High	Low	Value	Volume
$4.31	$4.31	$4.24	$5.730M	1.342M

Buyers (Bids)

No.	Vol.	Price($)
1	18538	$4.26

Sellers (Offers)

Price($)	Vol.	No.
$4.30	21487	3

View Market Depth

No.	Vol.	Price($)
1	350	4.230
3	6553	4.220
2	1020	4.200
1	2500	4.160
2	623	4.150

Price($)	Vol.	No.
4.350	5000	1
4.430	461	1
4.490	20086	1
4.500	151	1
4.600	200	1

Last trade - 16.10pm 25/07/2025 (20 minute delay)

RWC (ASX) Chart

News: RWC Reliance Worldwide Corp Resolves To Defer Payment Of FY2020 Interim Dividend, page-3

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

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News: RWC Reliance Worldwide Corp Resolves To Defer Payment Of FY2020 Interim Dividend, page-3

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

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