Agree reg. Victoria, Victoria is the largest market for Tyro (due to integration of Bendigo terminals). Based on the last annual report and the terminals numbers published during Bendigo transaction, around 33% of total terminals are in Victoria.
We will see full recovery when NSW lockdown is over but transaction volumes should start looking better compared to last week. Next weekly report covers just 3 days from Victoria and about 4 days from SA.
Tyro has good business in Health area and ~15% of transaction volume is from health space (page 16 of last year's annual report) and should increase with recent acquisition of Medipass.
TYR Price at posting:
$3.39 Sentiment: Buy Disclosure: Held
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