Reece Group – Acquisition of MORSCO (REH)

Although I haven’t written about Reece before, the acquisition of MORSCO, announced today, prompted me to write about this amazing company, of which I have been a shareholder for the past 12 months. Most Australians have heard of Reece Group, but most of us won’t appreciate how significant they are as a company: $5B market … More Reece Group – Acquisition of MORSCO (REH)

FMG – Q3 Update

Fortescue recently released quarterly numbers as well as another updated presentation today from the Macquarie conference.  FMG’s share price has been getting a beatdown lately, I think largely due to the lower Q3 production, increase in C1, and low revenue realisation. But the company continues to spew out masses of cash – $1.4B USD in … More FMG – Q3 Update