Look it should happen. The share price under $3.20 is a nonsense. Sure Tyro may reduce revenue for those impacted customers till June 2021 (as a gesture of goodwill) but still when you look at the increased volume, the Adealide Bank and Bendigo bank volume (plus additional volume from these as customers are not using cash anymore) any discount in fees would be negligible. Remember this was over $4.00 two months ago and growth prospects in terms of vaccine roll out have actually provided certainty. This is a speedbump that allowed me to buy into a company that I missed at IPO. It's still a great opportunity to get into a company that's going to make money like a bank without many of the risks the banking sector involves. Nobody likes the banks but we all have bank accounts.
TYR Price at posting:
$2.67 Sentiment: Buy Disclosure: Held
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