I have mentioned before that Tyro's transaction figures of late are extremely disappointing. The prevailing view is that Tyro's numbers would bounce back after lockdowns, but the recent numbers clearly show that this has not happened once you back out the Bendigo contribution. This leaves two scenarios, that Tyro's base has shrunk significantly during these past two years (given the talk of the number of zombie companies that exist) or that the competition has been eating their lunch in the interim. This isn't a down ramping post as I have reinvested into Tyro during the sp fall and was happy to pick up a few parcels of shares as it was oversold. However, I am struggling to form a strong view of what is now fair value for the stock. If it isn't a growth story, it also isn't a dividend play either... Interested in other views...
TYR Price at posting:
$1.71 Sentiment: Hold Disclosure: Held
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