REH 2.40% $24.29 reece limited

Has REH peaked?, page-49

  1. 7,936 Posts.
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    @Just_a_guy,

    REH generates returns on the capital it employs which are higher than the sort of returns that I am able to generate investing for my own account.

    Therefore, instead of giving it to me - in which case I would need to find a home for it - I'd sooner REH management took all the surplus capital that the company generates each year, and reinvested it back into the business at those super-normal returns.
 
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