ASX:RWCBuilding
Reliance Worldwide (ASX:RWC) Shares Face Margin Squeeze Under Brookfield Offer
Reliance Worldwide walked into today with momentum on its side. The stock has climbed about 41% over the past three months and closed at A$4.40, helped by the takeover proposal from Brookfield at A$4.75 a share. That kind of premium sets a clear anchor for market emotion.
The earnings print itself told a harsher story. Adjusted net profit after tax fell to US$125.1m and adjusted earnings before interest, tax, depreciation and amortisation margin compressed to 18.5%. The market now has to...

