Vic, your inclinometer is way out of wack. There's no way the...

Vic, your inclinometer is way out of wack. There's no way the Wilson family would want to share their wealth with their past or present employees. Stephen Mayne doesn't call them 'the secretive billionaire family' for nothing. Unlike many annual reports, the REH report doesn't carry a single photo of any member of the board.

Of interest today is a report in the Fairfax press of the likely detrimental impact on Reece of Amazon's arrival online tomorrow. Worth reading too are the many customer experiences with purchasing from REH. The days of their astronomical margins, particularly on their bathroom ware, may be numbered.