NTD 2.20% 44.5¢ ntaw holdings limited

I have recently replaced tyres on my corolla and while my usual...

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    I have recently replaced tyres on my corolla and while my usual point of contact is always a local tyre shop, I stumbled across Tyroola by chance. When I searched further, I find this business quite disruptive. Basically, you order tyres online and get it delivered to your house and someone will visit you to replace them or you can book a fitting. It was kind of breakeven when you add fitting and alignment costs but then I see that they are offering some deals where free fitting is offered and the all famous 3 for 4 deal. I end up paying under $400 for Australian made Kumho tyres and the reviews were astounding for the tyre that I choose. It was not the cheapest option but it was a good balance between quality and price. The cheapest same option was available from Bob Jane for just under 500.
    I then immediately thought should I keep NTD or sell out but then I believe that NTD will recover over time with added synergies from acquisitions. It is harder to gauge the success of synergies because as someone mentioned in other thread, they are not showing good progress but a few smart people I know are invested in this so I am happy to keep holding. Tempted to average down but can't afford at the moment.
 
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Last trade - 15.58pm 31/05/2024 (20 minute delay) ?
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