Go easy on me with my first contribution here on HC. Frequent observer of the forum but as I'm very new to the investing game so have not had anything of value or relevance to contribute.
I've been keeping my eye on TYR since IPO. The trading update is showing that Y-o-Y sales are falling drastically after a positive Jan and Feb, with a much lower 3% increase in March and now rolling into decreases in the early stages of April. With TYR being heavily reliant on SME business, which are continuing to close (and stay closed for the foreseeable future), I'm struggling to see the rationale for the short-term rally. We're seeing currently a >13% increase in SP for the day. Had to question whether I'm missing something obvious here or it's just people jumping on the bandwagon amidst a sea of green...
TYR Price at posting:
$2.37 Sentiment: None Disclosure: Not Held
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