@LommiMario
share price went up from ~70c to ~85-90c post the announcement in September, so the anticipated profits (5-10% of gross sales) were already priced in before NTD or shareholders had seen any material benefits.
The fall today therefore reflects uncertainty around those potential profits, and I suspect that the market won't pay that extra 15c unless goodyear can confirm that nothing changes wrt the ANZ distribution deal - I see a little friction on this point as goodyear won't want to throw a potential spanner in a global sale (so seems unlikely that they will want to be explicit that this ANZ deal goes ahead), but the other side being that NTD are not going to spend a gread deal of time/effort/money to set up this whole arrangement without at least having some certainty (previously the 5 yr arrangement) that they can actually generate a return on that......so goodyear and NTD stuck in a little pickle
The only positive here is that 1H24 is on track as they claimed (i.e. they have managed to mitigate the weaker AU which is averaging ~65c vs 67c in 2H23).....~4.5m in NPAT or EPS of 3.7c is not a bad result given all the macro factors
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- Ann: Goodyear announces Dunlop strategic review
Ann: Goodyear announces Dunlop strategic review, page-8
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43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.67M |
Open | High | Low | Value | Volume |
41.0¢ | 43.0¢ | 41.0¢ | $5.481K | 13.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87000 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 5910 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87000 | 0.405 |
1 | 2534 | 0.395 |
3 | 21250 | 0.380 |
1 | 2500 | 0.360 |
2 | 30780 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 5910 | 1 |
0.435 | 8987 | 2 |
0.440 | 12350 | 2 |
0.460 | 16000 | 1 |
0.470 | 21537 | 1 |
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