Reece. Not sure what the market is thinking with this one, when it comes to valuation. The company is currently trading on a PE multiple of 40 implying a high growth company and I see nothing of the sort with Reece.

FY24 numbers were tepid. And that is me being kind. Even the outlook did not fill me with any sort of glowing warmness.

As CEO, Peter Wilson states:

"And whilst we expect FY25 to remain challenging, we will continue to focus on the long-term"