Ann: Sale of NZ business and assets, page-33

ye it takes (actually very little) work to figure it out. For those interested I won’t spell it out but can tes ll you where to look:
1. Tyro AR 2019 (google) gives you state of market
2. Read the presentations and you can pretty easily work out what the revenue is per terminal, the cost per terminal and the payback period or IRR
3. Look at historical growth and extrapolate future growth based on figures management have guided to (given they have largely over delivered to date), size of the opportunity and factor in the release of all constraints on capital moving forward.
4. Work out estimates margins on the revenue- the mature NZ business is a good place to start, acknowledging the Au business will be more profitable in due course.

if they hit 6K terminals within 6 months (as they are almost certain to do), they will be on an ARR of 15m. I am guessing it will be substantially higher with this capital release.