It will recover at some point absolutely. But some things need to happen.
1. CEO change. It probably won't happen because Tyro still functions like a Pty Ltd then a public company. 2. It needs a new vision. It needs to think what transactions will look like into +10 years time. 3. It needs the global outlook to improve. 4. It needs interest rates if not going down but at least stabilize. 5. Recession needs to be avoided or if recession does occur the recovery will be post the recession. 6. Resolve litigation and put in clear parameters for future compesation to minimise impact. Put some of the onus back on the business owners. Tell them to have back up solutions.
The above does not look a quick recovery in the near term.
TYR Price at posting:
90.8¢ Sentiment: None Disclosure: Not Held
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