REH 0.78% $24.31 reece limited

The CEO said at the AGM that REH's share price at c.A$25 had got...

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    The CEO said at the AGM that REH's share price at c.A$25 had got ahead of itself, but since the dip back to c.A$17.50 it has risen again to be A$24-A$25.20, but down today.

    'Mr Market' is projecting rising earnings in the USA in particular. The USA plumbing and similar subsector is apparently more fragmented than in Oz. REH is about number four or five in USA IIRC but it must have potential to successfully grow. Margins are tighter there.
 
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