ASX:REH

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ASX:REH

Analysis of Servcorp, Reece and Universal Store Holdings

28 Feb 2024 - Fund Manager Chris Pedersen discusses Servcorp (ASX:SRV), Reece (ASX:REH) and Universal Store Holdings (ASX:UNI).

Reece surges despite analysts' erroneous predictions

28 Feb 2024 - Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in sh…

REX roars at Qantas on take-off, Tech rout, inflation rips ahead of RBA meet: ASX dives 1.6% at noon

02 May 2022 - Australian investors climb the wall of worries ahead of the interest rate outcome tomorrow from the Reserve Bank of Australia. This followed a negative lead from Wall…

Commodity prices drags resources giants lower: ASX closes 0.3% lower

28 Oct 2021 - The ASX fell as weakness in the commodity markets dragged the resources giants lower amid a raft of AGM’s and trading updates. At the closing bell, the S&P/ASX 200 wa…

Wall St mixed, Reece is a sell for Stock watch: ASX poised to dip

14 Sep 2021 - A mixed market with the major indexes across the globe as concerns on the pandemic recovery continue to linger ahead of the Fed meeting next week. European markets st…

Wall St rises, People's Bank of China boosts cash injection, Alumina is an Underperform: ASX to fall

26 Aug 2021 - Global stocks closed mixed ahead of the Fed Reserve virtual meeting at Jackson Hole. People’s Bank of China boosted short term cash to soothe worries on a bumpy recov…

S&P 500 hits a record high, Energy leads: Why Reece is a sell: ASX to open higher

02 Jul 2021 - I cover Wall St's performance as they continued their momentum to start the 2nd half of the year. Jobless claims dropped ahead of labour figures. Oil prices boost mar…

Aurizon (ASX:AZJ) completes sale of Acacia Ridge Terminal: Aus shares gain 1.7% over week

26 Mar 2021 - A strong end to the week for the Australian share market. The ASX 200 index ended the day 0.5 per cent or 34 points higher to finish at 6,824. Over the week, the mark…

Reece (ASX:REH) EBITDA up 12% in HY21

26 Feb 2021 - Plumbing and bathroom supplies company Reece (ASX:REH) achieved 3.07 billion in sales revenue in the half-year ended 31 December 2020.

Treasurer to hand down Federal Budget today: ASX set to open higher

06 Oct 2020 - The ASX looks set to open higher this morning as investors anxiously await the Federal Budget. Over in the US, Wall Street rallied overnight in hopes of a new stimulu…

ASX bloodbath continues: Aus shares close 3.3% lower

28 Feb 2020 - The ASX200 plunged at the open and has seen another sell-off throughout the day which dragged the index 3.3 per cent lower. The Australian dollar also hit a new 10 ye…

Reece (ASX:REH) see sales revenue rise up 9%

28 Feb 2020 - Plumbing and bathroom supplies company Reece (ASX:REH) reported its financial results for the half-year ended 31 December 2019 showing record sales revenue of $2.962 …

ASX hits new 7-month high: Aus shares 0.7% higher at midday

04 Mar 2019 - ASX musters up to new 7-month highs. UBS shaves EPS for FY19. Reece (ASX:REH) buy rating downgraded despite results beating expectations, EQT Holdings (ASX:EQT) appo…

Health booster shot: Aus shares close 1.1% higher

29 Oct 2018 - Market Wrap. ASX up 1.1% with all sectors rising. CSL (ASX:CSL) up 3.7%. Six sectors up over 1%. Reece (ASX:REH) up 1.9% after upgrade. Syrah Resources (ASX:SYR) up 8…

ASX extends gains, CSL up 4.2%: Aus shares 0.8% higher at noon

29 Oct 2018 - Market at Midday. Health booster shot leads to two-day rally. Reece (ASX:REH) upgraded by Citi on upbeat AGM and growth rise. Lynas Corp (ASX:LYC) extends rally and r…

Reece Group sees profit lift 6%, revenue rise 11%

31 Aug 2018 - Reece Group (ASX:REH) has reported their net profit after tax (NPAT) is up 6.1 per cent to $225 million on the prior corresponding period.

Wall St closes lower: ASX set to open higher

31 Aug 2018 - The ASX is set to open higher despite shares on Wall St closing lower - pulling back after several days of highs with renewed fears about the US/China trade rift. Fre…

Reece completes $1.9b MORSCO deal

03 Jul 2018 - Australia’s leading supplier of bathroom and plumbing products Reece (ASX:REH) has completed its $1.9 billion acquisition of MORSCO.

Reece snaps up New Zealand plumbing businesses

12 Jun 2018 - Plumbing and bathroom supply company Reece (ASX:REH) has announced the acquisition of New Zealand plumbing business Edward Gibbon and Zip Plumbing Plus stores.

Wall Street mixed: Aus shares to open flat

15 May 2018 - Australian shares look set to open flat today despite Wall Street trading slightly higher over night. The Dow Jones extended its rally to eight straight days, with th…

Oiling up on crude and reporting: Aus shares close 0.4% higher

07 May 2018 - Market Wrap: ASX starts the trading week up 0.4 per cent. All sectors boded well today with solid gains also made in the discretionary space with Kogan (ASX:KGN) up 5…

Reece announces $1.9B takeover of MORSCO

07 May 2018 - Australia’s largest plumbing and bathroom supply company Reece (ASX:REH) has announced a $1.9 billion takeover of US plumbing business MORSCO Inc.

Wall Street ends week on a high: Aus shares to open higher

19 Mar 2018 - Following positive leads from US markets, the Australian share market looks set to open higher. US share markets were stronger on Friday ending the day slightly up. T…

Wall St lower ahead of reporting: Aus shares tipped to slip

10 Oct 2017 - Market outlook in 3 mins: Aus shares to stumble after Wall Street stalls ahead of some major company's reporting Qtr results. Oil gains back yesterday's losses and ir…