Terse, as usual, from the Just-Three-Announcements-A-Year company.
Reading between the lines about the never-ending investment into the business, in its infrastructure systems and people, makes me think that I would hate to be a competitor to Reece.
Which, by logical extension, means that it is desirable to be a shareholder.
I'll look at it again in February next year when the interim results are published.
Until then, I'll continue to rest easy.
Ann: Chairman's Address to Shareholders, page-2
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