Reliance turns on the profit tap
On Monday water control solutions and plumbing manufacturer Reliance Worldwide Corporation (ASX: RWC) announced its maiden results since listing in April this year. The company reported net sales of $534.4 million, up 18% on FY15. Shares in Reliance closed down 7.4% for the week. We like Reliance as its current product suite is delivering double-digit growth and we believe its newly trademarked product EvoPEX will greatly streamline new home installation by replacing skilled labour. We own Reliance as a research-driven investment in WAM Leaders.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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