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  • Reece Limited

    Supplier of plumbing, bathroom, heating, ventilation, air-conditioning, waterworks and refrigeration products to customers in the trade, retail, commercial and infrastructure markets, operating for more than 100 years. Reece has market positions across its global footprint spanning Australia, New Zealand, and the United States of America. The Group?s businesses are supported by innovation and service solutions.

    REH$26.080
     -1.250 -4.57%

    Data last updated:May 17, 2024 – 4.40pm. Data is 20 mins delayed.

    Previous Close

    27.330

    Open

    27.180

    Day Range

    26.040 - 27.180

    52 Week Range

    17.100 - 29.325

    Volume

    391,512

    Value

    8,462,747

    Bid

    26.000

    Ask

    26.090

    Dividend Yield

    0.94%

    P/E Ratio

    40.53

    Market Cap

    16.847B

    Total Issue

    645,984,181

    ASX Announcements

    Market Sensitive

    Leadership Update

    Director Appointment/Resignation, Company Administration - Other

    • May 1, 2024
    • 3 pages

    Change of Director's Interest Notice K.Penrose

    Change of Director’s Interest Notice

    • Apr 17, 2024
    • 2 pages

    Notification of cessation of securities - REH

    Appendix 3H (Notification of cessation of securities)

    • Apr 15, 2024
    • 4 pages

    Dividend/Distribution - REH

    Dividend Record Date, Dividend Pay Date, Dividend Rate

    • Feb 27, 2024
    • 4 pages

    Market Sensitive

    HY24 Investor Presentation

    Half Yearly Report, Company Presentation

    • Feb 27, 2024
    • 30 pages

    View all REH announcements

    This Month

    Platypus Asset Management’s head of investment, Prasad Patkar.

    The Aussie stock picks that made this fund a top 10

    Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.

    • Sarah Jones

    Retiring Reece chair lists $12m family mansion in South Yarra

    Melbourne-based Reece chair Tim Poole and his wife Jane have listed their South Yarra home, Atherley, after 24 years owning the Italianate mansion.

    • Bonnie Campbell

    March

    Jamie Pherous is the enigmatic founder of Corporate Travel Management.

    Corporate Travel and Reece trip up traders in wild reporting season

    They are two very different companies. But the difference between earlier remarks and their final results set the scene for massive share price swings.

    • Jonathan Shapiro

    February

    The plumbing supplies business Tradelink will be put up for sale.

    Fletcher Building anoints sell-side adviser for Tradelink

    The construction company, which trades on both the New Zealand and Australian stock exchanges, has appointed Miles Advisory to oversee the process.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Altium chief executive Aram Mirkazemi and his board signed a $9.1 billion takeover a fortnight ago.

    What we learnt from Altium, Reece, Helia and G8 Education’s results

    Altium’s lucky cushion, Reece’s big run, Helia keeps rising and G8 Education pumps up prices.

    • James Thomson and Anthony Macdonald
    Advertisement

    Fletcher Building stares at ratings cut after heavy first-half loss

    The ailing building materials group fell to a large first-half loss, leading Moody’s to review its investment grade rating. Its chief executive is also leaving.

    • Aaron Weinman

    January

    Andrew Mitchell, the co-founder of Ophir Asset Management and an expert small-cap stockpicker recently confessed on social media that his biggest mistake was to spend too much time and energy analysing one particular stock.

    Fund managers reveal their big investment mistakes

    Successful investing is as much about avoiding these common mistakes as it is picking winners, fundies say.

    • Tom Richardson

    August 2023

    TMS Capital’s Ben Clark.

    This fundie is betting on Goodman despite the REITs crunch

    TMS Capital portfolio manager Ben Clark also shares why Wesfarmers is really a play on lithium and why he sold out of Reece despite its gaining traction in the US.

    • Joanne Tran

    July 2023

    WiseTech Global co-founder Richard White lives in a self-powered mansion in Sydney’s Bexley.

    The 10 wealthiest executives in the ASX 300 revealed

    The Australian Financial Review’s Rich Bosses list for 2023 is dominated by mining and technology executives, and includes a displacement at the top spot.

    • Euan Black

    June 2023

    The Porter Davis name has come off building sites and new names, such as Simonds and Metricon, will go up.

    Simonds and Metricon pick up Porter Davis jobs worth $350m

    The home-building company failed owing 1455 unsecured creditors a total of $71.5m. They are unlikely to receive any repayment, say liquidators Grant Thornton.

    • Michael Bleby

    February 2023

    Reece is a big player in bathroom renovations.

    Bathroom renovators put the brakes on

    Reece Group, which sells bathtubs, basins and taps, is expecting volumes to keep softening this year after hefty interest rate rises.

    • Simon Evans

    September 2022

    Melanie Wilson is the chairman of Baby Bunting, and is also on the board of JB Hi-Fi. Both companies were named in CEW survey as having zero women in the C-suite.

    Shame file companies tout wave of women outside C-suite

    Chief Executive Women’s new survey, done in partnership with Bain & Co, found multiple well-known names have zero women in high-ranking executive roles. But the targeted groups say it lacks merit.

    • Carrie LaFrenz, Simon Evans, Brad Thompson and Ayesha de Kretser

    August 2022

    5 stocks to soar as recession risk softens.

    Buy, hold, sell: five stocks to watch as recession risk softens

    Several leading economists have announced that the risk of recession is finally rolling over. Today we’re going to be taking a look at some of the stocks that could benefit if that truly is the case.

    March 2022

    Reece entered the US in a big way in 2018, when it paid $1.9 billion for a bathroom showrooms owner MORSCO.

    Reece mulls trip to the US for water distribution bolt-on deal

    Fund manager favourite Reece Ltd is believed to be plumbing the United States for a new business that it could add to its $3.5 billion a year American operations. 

    • Anthony Macdonald, Sarah Thompson and Kanika Sood

    September 2021

    Rob Scott

    Tech, online retail buck flat investment trend

    Chief executives have curbed expectations for continued strengthening in business investment as technology and online retail companies go it alone.

    • Lucas Baird
    Advertisement

    August 2021

    Reece Group operates about 640 stores in Australia and NZ. Renovating a bathroom has been popular in the pandemic.

    Reece Group loads up on bathtubs to blunt shipping strife

    The bathrooms giant lifted profits by 25 per cent to a record as home renovations boomed, but lockdowns have curbed growth.

    • Simon Evans

    July 2021

    Metals distributor and processor Vulcan Steel has Credit Suisse and UBS helping with its pitch to potential investors.

    Vulcan steels for $1b float: maiden pitch to Aussie funds

    Privately-owned Australasian steel products distributor Vulcan Steel made its maiden pitch to Australian fund managers on Monday.

    • Anthony Macdonald and Yolanda Redrup

    March 2021

    Clean technology stocks are up 117 per cent over five years to December 2020.

    Clean tech stocks continue streak with Q4 2020 surge

    The Deloitte Australian CleanTech Index is up a cumulative 117 per cent over five years to December last year.

    • Tony Featherstone

    February 2021

    Reece is a dominant player in Australian bathrooms and tapware.

    Renovators bring bathrooms group Reece record profits

    Householders have been busy sprucing up bathrooms and tapware and Reece capitalised at its 640 outlets in Australasia.

    • Updated
    • Simon Evans

    November 2020

    Who are the market winners and losers in this new world order?

    The US election and vaccine breakthrough have excited the markets, but stock pickers need to look beyond the news cycle to the structural shifts of the post-pandemic world.

    • Aleks Vickovich

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