I see your point, but I'd rather incremental declines in price, as opposed to a huge negative surprise when the announce the full year result, and a significant re-rating of the price.
Anyway the results aren't bad I don't think. Obviously in FY 21 it'll be harder for them to improve on their performance on the pcp (Arpil and May excluded), because they had already decided to go down the IPO path and would've pulled out all stops to present as good a picture as possible. All of this is to say that their July 19 performance would've been at a reasonably high level, and they are still improving on their transaction numbers in July 20 with 1/4th of the economy still in lockdown.
P.S. I'm also hoping to buy some more in the sub $3.50 range should it get that low
TYR Price at posting:
$3.70 Sentiment: Buy Disclosure: Held
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