I don't pay that much attention the ratings agencies or broker reviews but I do think RWC has been beaten down irrationally and this is probably due to general bearish sentiment within the building and construction segment. No doubt it will recover in due time as the fundamentals are sound and RWCs brands are quality brands.
Unfortunately Reliance is not a sexy name and plumbing is not a sexy industry which is a headwind in the stockmarket.
Once instos start buying this stock I think it will rebound again.
Stocks like this always drop like lead in panic but recovers slowly. Fortunately I am a patient investor.
Happy to hear other holder's opinions and thoughts.
I don't pay that much attention the ratings agencies or...
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Last
$5.77 |
Change
0.070(1.23%) |
Mkt cap ! $4.501B | |||
| Open | High | Low | Value | Volume |
| $5.78 | $5.86 | $5.75 | $18.04M | 3.114M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4764 | $5.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.77 | 6200 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| RWC (ASX) Chart |