Ann: Goodyear announces Dunlop strategic review, page-8

@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