Reece Ltd (ASX:REH) operates the largest bathroom and plumbing supply business in Australia, Reece, as well as ten other businesses in related industries including irrigation, pools, civil works and HVAC-R (heating, ventilation, air conditioning and refrigeration). Reece began in 1920 when Harold Joseph Reece commenced selling hardware products from the back of his truck. Almost 100 years on, the company has grown to having 8,000 people in 800 branches across Australia, New Zealand and the US.
With much of the attention focused on the big banks and our mining giants, these are 2 mid cap ASX shares that might be underappreciated by the market.
Reece Ltd (ASX:REH) started in 1919 when its founder Harold Joseph Reece began selling plumbing fittings out the back of a truck.
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Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.48% at lunch.
Reece Ltd (ASX:REH) has revealed its half year result to 31 December 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.22% at lunch.
Reece Ltd (ASX:REH) released its 2018 financial results to the market today revealing a 10.7% rise in revenue.
