interesting IPO but so far a few key red flags
1. Using a significant part of IPO funds raised to pay off existing directors leaving circa $125m net funds raised
2. Currently loss making ($18.4m actual FY19) with forecast of further losses forecast on FY20 although off a higher gross profit which is good to see
3. FY13-17 performance options have an exercise price of $0.375 - $1.76 respectively so will be in the money right away for the early periods ie 2013/14. In Future years even if they are restricted from being exercised for a period they may dilute eventually and at a significant discount. note all these have a 5 year vesting period.
on the plus side an interesting company, have impressive growth and senior shareholders with a track record eg Cannon Brookes.
I will certainly be waiting for the IPO and deciding if I buy on market or not after it floats
IPO - Tyro Payments Limited, page-2
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Last
$1.03 |
Change
0.005(0.49%) |
Mkt cap ! $535.0M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.02 | $339.9K | 330.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 15947 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 19412 | 9 |
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| Last trade - 10.30am 30/08/2024 (20 minute delay) ? |
| TYR (ASX) Chart |