Reece Limited's (ASX:REH) biggest owners are private companies who got richer after stock soared 3.5% last week

Simply Wall St.11-14

Key Insights Reece's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public The top 5 shareholders own 55% of the company ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483639893?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/DSVnwZKEypugE5XiS5bHWw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7d457e118489e6e5357eb5fd232e46f8","is_english":true,"pubTime":"2024-11-14 09:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483639893","market":"us","top_or_hot":-1,"title":"Reece Limited's (ASX:REH) biggest owners are private companies who got richer after stock soared 3.5% last week","media":"Simply Wall St.","content":"<div>\n<p>Key Insights\n\n Reece's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public \n The top 5 shareholders own 55% of the company \n  ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reece-limiteds-asx-reh-biggest-013921137.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reece Limited's (ASX:REH) biggest owners are private companies who got richer after stock soared 3.5% last week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReece Limited's (ASX:REH) biggest owners are private companies who got richer after stock soared 3.5% last week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 09:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/reece-limiteds-asx-reh-biggest-013921137.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Insights\n\n Reece's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public \n The top 5 shareholders own 55% of the company \n  ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reece-limiteds-asx-reh-biggest-013921137.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REH.AU","symbol_name":"REECE LTD","start_time":0,"source_url":"https://finance.yahoo.com/news/reece-limiteds-asx-reh-biggest-013921137.html","article_id":"2483639893","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/DSVnwZKEypugE5XiS5bHWw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7d457e118489e6e5357eb5fd232e46f8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483639893","pubTimestamp":1731548361,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"Reece's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public. If you want to know who really controls Reece Limited , then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private companies with 56% ownership. In other words, the group stands to gain the most  from their investment into the company.Clearly, private companies benefitted the most after the company's market cap rose by AU$517m last week.In the chart below, we zoom in on the different ownership groups of Reece.I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accoun","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"REH.AU":"REECE LTD","BK7031":"贸易公司与经销商"},"translate_title":"Reece Limited(ASX：REH)最大的所有者是私营公司，这些公司在股价上周飙升3.5%后变得更加富有","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REH.AU":1},"content_text":"Key Insights\n\n Reece's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public \n The top 5 shareholders own 55% of the company \n  Insiders have bought recently  \n\n If you want to know who really controls Reece Limited (ASX:REH), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are private companies with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. \n Clearly, private companies benefitted the most after the company's market cap rose by AU$517m last week. \n In the chart below, we zoom in on the different ownership groups of Reece. \n Check out our latest analysis for Reece \n\n\n\n  ASX:REH Ownership Breakdown November 14th 2024\n \n\nWhat Does The Institutional Ownership Tell Us About Reece?\n Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. \n Reece already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Reece, (below). Of course, keep in mind that there are other factors to consider, too. \n\n\n\n  ASX:REH Earnings and Revenue Growth November 14th 2024\n \n\n We note that hedge funds don't have a meaningful investment in Reece. The company's largest shareholder is L.T. Wilson Pty Ltd., with ownership of 24%. With 9.3% and 7.5% of the shares outstanding respectively, L.T.W. Holdings Pty. Ltd. and Warramunda Investments Pty. Ltd. are the second and third largest shareholders. \n Our research also brought to light the fact that roughly 55% of the company is controlled by the top 5 shareholders suggesting that these owners wield significant influence on the business. \n Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. \nInsider Ownership Of Reece\n The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. \n I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. \n Our information suggests that insiders maintain a significant holding in Reece Limited. It is very interesting to see that insiders have a meaningful AU$1.8b stake in this AU$15b business. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can  click here to see if those insiders have been buying or selling.  \nGeneral Public Ownership\n The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. \nPrivate Company Ownership\n We can see that Private Companies own 56%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. \nNext Steps:\n It's always worth thinking about the different groups who own shares in a company. But to understand Reece better, we need to consider many other factors. \n I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph. \n If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. \nNB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483639893"}