Hi kingkev .... you almost had my paltry play parcel today when it looked like it would close at $2.57, but I held on to my nerve and, so far, the hat....
...and RWC closed on a high at $3.60!
FN Arena gave it a plug today in ‘The Wrap’
https://www.fnarena.com/index.php/2019/07/19/the-wrap-utilities-retailing-supermarkets/
“Building Materials
JPMorgan notes housing starts have fallen short of expectations in 2018 in both Australia and the US. Housing starts fell -26% in the March quarter and approval volumes are firmly in decline, while leading indicators are weak. JPMorgan expects housing starts to fall -18% in 2019 and a further -3% in 2020 before recovering in 2021.
This is expected to provide a tough backdrop for Adelaide Brighton ((ABC)) and CSR ((CSR)), which are exposed 55% and 32%, respectively, to residential construction activity.
The broker envisages significant support for both James Hardie ((JHX)) and Reliance Worldwide ((RWC)), expecting earnings growth will materialise in coming years.
This stems from leading indicators in the US, which signal mortgage rates and application volumes are improving and comparables becoming easier. The broker is also overweight on Boral ((BLD)), believing the implied valuation for North America is too low.”
Rudi at FN Arena also has it in his portfolio https://www.fnarena.com/index.php/2...ll-weather-portfolio-charts-conviction-calls/
And Motley Fool, yesterday, put it on a ‘trainer wheels ‘ acquisition list
How to invest $1,000 in the All Ords
Mitchell Perry | July 18, 2019 |
...Some companies which I believe are currently worthwhile considering as a first investment include Lendlease Group(ASX: LLC), Reliance Worldwide Corporation Ltd(ASX: RWC) and Westpac Banking Corp(ASX: WBC). I consider these companies to be reasonably priced and to have a strong long-term outlook....”
https://www.********.au/2019/07/18/how-to-invest-1000-in-the-all-ords/
Cheers
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Last
$4.72 |
Change
0.010(0.21%) |
Mkt cap ! $3.706B |
Open | High | Low | Value | Volume |
$4.74 | $4.80 | $4.69 | $7.332M | 1.549M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13021 | $4.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.74 | 14806 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13021 | 4.720 |
2 | 10466 | 4.710 |
4 | 32064 | 4.690 |
3 | 17193 | 4.680 |
3 | 12487 | 4.670 |
Price($) | Vol. | No. |
---|---|---|
4.740 | 14806 | 3 |
4.750 | 11744 | 2 |
4.760 | 11744 | 2 |
4.770 | 1754 | 1 |
4.780 | 1754 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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