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NTD - National Tyre & Wheel

Discussion in 'Stocks I-P' started by System, Nov 28, 2017.

  1. System

    System Administrator

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    National Tyre & Wheel Limited is a tyre and wheel wholesale business which distributes its products to over 2,300 customers including tyre retailers, car dealers, mechanical repair businesses and automobile accessories retailers throughout Australia and New Zealand. By the Listing Date, National Tyre & Wheel will also have operations in South Africa.

    It is anticipated that NTD will list on the ASX during December 2017.

    http://www.ntaw.com.au
     
  2. Huskar

    Huskar

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    This a fallen IPO, a category which is interesting because it suggests that the company was dressed up for the IPO and the sheen has come off, but there is likely to be a good business under the muck because that was the reason it could list in the first place... However, here not as compelling because rather than a PE-sell down it was a capital raise for new acquisition / expansions.

    Getting squeezed by currency and by price rises from large supplier. I don't hold but one to look into further and given large price falls an interesting one to have on the radar. What do others think?
     
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