So, we are reasonably interested in RWC.
Today’s result seemed well liked by the market.
We’ll read through the call, but overall, it still seems very much like cum downgrade risk, and thus “too soon”.
US 30 year rates are up sharply in Feb, which will cook any naceint recovery, that might have been trying to get underway.
Copper prices have risen, which impacts you when all you sell is taps and pipes (said for poetic effect).
The comments themselves about demand were fairly subdued.
The issue with a falling knife is trying to not get burned (mixing our metaphors).
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