TYR 5.08% $1.04 tyro payments limited

Ann: Half Yearly Report and Accounts, page-83

  1. 1,900 Posts.
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    Only problem is that the 3 major banks have had outages this year and haven't compensated a single cent. Sure its admirable but you also have to think if the banks haven't got it right perhaps there are multiple moving parts and that this can happen. Everytime it happens shareholders are paying for it not management, certainly not Robbie. Remember there are lots of people who are holding shares in Tyro at $3.50 and above. At this time Tyro was also a growth company with good prospects. Now at $3 they still will be waiting sometime to breakeven. You need to weigh it akl up. The dongle solution is good and is already imo enough to provide this for free. Remember this wasn't Tyro fault as much at it was the terminal provider Worldcom (or something like that can't exactly remember the name). $15M compensation and intergration costs with Bendigo and plus providing Bendigo customers with a dongle too is going to cost alot of money. And Tyro currently still making a loss with remuneration across the business and headcount to increase. Putting all this to account paying the compensation doesn't sit well with me for shareholders who remember bought when this company had to call a trading halt in panick for a tanking share price. I suppose I would prefer a more balanced approach that also recognises shareholders.
 
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