Chanticleer

The warning from this $2.5b company should worry all investors

Reliance Worldwide’s plunging share price shows investors have a lot to worry about: falling demand, rising inflation, increasing debt costs and even COVID.

Oct 25, 2022 – 11.40am

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Reliance Worldwide, the $2.5 billion manufacturer of plumbing supplies, might not be the first ASX-listed company that comes to mind when investors are looking for a bellwether stock.

But if you’re looking for a window into how the real economy is tracking in Australia, the United States and Britain, then it fits the bill nicely.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.