Reece's share split
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Reece has just undertaken a share split: for every share you previously owned, you will now own five. The split became effective on 18 December and Reece shares will trade on a 'deferred settlement*' basis under the code REHDC until 28 December. Normal trading in Reece shares under the code REH will resume on 29 December.
As a result, we're updating Reece's price guide. Our Buy price moves to $8 (from $40), and our Sell price moves to $12 (from $60). HOLD.
* Deferred settlement gives Reece's share registry time to process the split and issue updated holding statements to investors.
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