24/08/2026 16:32

Reece (ASX:REH) $16.90

Reece (REH) +2.18%:  delivered a mixed FY26 result, with a solid recovery in Australia and New Zealand offset by ongoing weakness in the US housing market. The volatility in the share price intra-day, showed some indecision, but overall, we think the evidence over the cautious rhetoric from management is what we should really take on board;

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25/06/2026 09:47

Trade Alert – Active Growth Portfolio

We are making a switch within the Active Growth Portfolio today.

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10/06/2026 09:28

Reece Ltd (ASX: REH) $14.24

Yesterday, the building stocks caught our attention with Reliance Worldwide (ASX:RWC) and Reece (ASX: REH) rising in a falling market, while James Hardie (ASX: JHX), which we own, slipped 2.4% after announcing it would defend a Class Action in Victoria on 2025 forecasts. The news was no great surprise, but prompted us to consider whether JHX was the best vehicle for exposure to a construction recovery when at least part of their attention may be focused elsewhere.

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03/03/2026 09:40

Reece Ltd (REH) $15.64

Reece (REH) is a leading Australian plumbing and bathroom supplies company with a growing international presence, supplying trade professionals and consumers across Australia, New Zealand and the United States, where it now generates ~57% of its revenue. The company beat the market's low expectations last month while delivering a cautious/prudent message moving forward – covered Here.

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23/02/2026 17:24

Reece (REH) $15.88

Reece +13.9%: Reece rallied sharply after a cost-driven beat, despite ongoing pressure in the US. They also guided ahead of market for the FY. 

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10/02/2026 09:32

Reece Ltd (REH) $14.75

Plumbing business REH has struggled over the last few years as a mature ANZ market faces increasing competition and the US market remains challenging - at least for now. The US has been a tough backdrop for REH, where it generated over 55% of its revenue in FY25.

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16/12/2025 09:24

Reece Ltd (REH) $12.63

REH has fallen  -44% so far in 2025 as the US construction industry struggles due to cost pressures from tariffs, elevated material prices, and a reluctance by homeowners to move, giving up lower interest rates that were locked in during the pandemic  - not a great backdrop for REH, which generates well over half of its revenue from the US.

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27/11/2025 09:51

Reece Ltd (REH) $12.24

This week saw plumbing business REH deliver a 1Q26 trading update, which showed ‘less bad’ US sales than expected, important for a business that generated 57% of its FY25 revenue from the region. The sales beat should ease concerns about the company's rollout strategy.

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16/10/2025 10:00

Reece Ltd (REH) $11.73

Plumbing business REH has been under significant pressure over the last year including a recent sharp drop in August after they delivered a weaker-than-expected FY25 result.

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22/09/2025 16:58

Reece (REH) $11.78

REH +14.15%: After a weaker than expected FY25 result just a month ago and shares down ~30% since, the plumbing business today announced a $250m off-market buyback with flexibility for up to $400m as part of its capital management strategy, finalising in October.

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