Reece Ltd
ASX:REH
REH's latest stock split occurred on Apr 7, 2020
The company executed a 1079-for-1072 stock split, meaning that for every 1072 shares held, investors received 1079 new shares.
Before the split, REH traded at 8.69 per share. Afterward, the share price was about 8.2207.
The adjusted shares began trading on Apr 7, 2020. This was REH's 4th stock split, following the previous one in May 9, 2018.
WKSP
NAYA
300803
WKHS
Reece Ltd
Glance View
Reece Ltd, a stalwart in the Australian plumbing and bathroom supplies space, has carved out its niche through an enduring commitment to quality and a vast network of supply channels. Founded in 1920 by Harold Joseph Reece, the company has meticulously grown from a small hardware store in Caulfield, Victoria, into a robust enterprise with a commanding presence across Australia and beyond. This growth story is deeply rooted in its resilient business model that hinges on tapping into the construction and home renovation boom by providing essential plumbing and bathroom products. By elegantly interweaving innovation with tradition, Reece has embraced digital transformation in its operations, offering an enriched online shopping experience that complements its extensive physical footprint. At the heart of Reece's success is its ability to anticipate and adapt to industry trends while maintaining strong relationships with tradespeople, builders, and DIY enthusiasts. It garners revenue by distributing high-quality local and international brands through its various channels, seamlessly integrating product sales with value-added services like expert advice and design consultation. Moreover, strategic acquisitions have bolstered its competitive edge, facilitating geographical expansion and enhancing product diversity. This multifaceted approach not only ensures a steady revenue flow but also cements Reece’s position as a preferred partner in the plumbing and construction industry, thriving amidst fluctuating economic cycles.
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