Ann: Appendix 4D and Half-Year Financial Report, page-6

You are right about margins and costs. Both are actually currently a work-in-progress for NTD as note in this report. the tyre wholesaling and retailing business is a very competitive business and scale is about the only way any good money can be made. They do have the ability to drive scale here. Its not a short term buy and holding it depends on your entry price IMO. The market obviously did not like the report and I suspect that it was because a number of holders and a few traders got in after reading that Goodyear were leaving the Australian market and overestimated what effects that might have on the sales revenue for NTD. It was not enough for them obviously.