Multiples can be voodo but I always felt at the peak of $4 there abouts the book to market cap multiple was excessive.
Since then it has come down but still I am unsure if the market would dictate more losses.
The market has repriced growth stocks and I'll be considering buying more into the future if TYR revenue is growing 10% there abouts in the next 2 - 3 years.
If it can grow its revenue by pursuing different verticals away from non-discretionary spending that would be great with a recession looming. Once the recession is over it would be a valuable company when discretionary spending recovers. The purchase of Medipass is a step in the right direction and its true value hasn't been realised.
If revenue does become stagnant during this looming recession I think there would be a few lost years and might not increase my position.
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Last
92.5¢ |
Change
-0.040(4.15%) |
Mkt cap ! $485.2M |
Open | High | Low | Value | Volume |
95.5¢ | 96.0¢ | 92.5¢ | $1.040M | 1.109M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 19922 | 92.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 24640 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 19922 | 0.925 |
7 | 19952 | 0.920 |
1 | 1093 | 0.915 |
2 | 15643 | 0.910 |
3 | 12284 | 0.905 |
Price($) | Vol. | No. |
---|---|---|
0.930 | 24640 | 4 |
0.935 | 4703 | 1 |
0.940 | 37777 | 3 |
0.945 | 12777 | 2 |
0.950 | 14703 | 2 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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TYR (ASX) Chart |