Nice write up on livewire markets today and for those that are interested Ed Cowan at TDM Growth Partners speaks on the Equity Mates Investing Podcast (Episode 252) on their long term position in Tyro.
Tyro Payments(TYR)is a Fintech company and is one of Australia’s largest EFTPOS provider as well as an e-commerce payments software provider and Australian bank. Tyro has been significantly negatively impacted by COVID-19 as many of its small business customers of its EFTPOS services are CBD restaurants, cafes and retail outlets - which have either had to close or restrict trading due to COVID-19. Tyro should be around cash break-even this year, but its balance sheet is in a strong net cash position. While sales in cafes, restaurants and retail are weak for Tyro, their customers in medical areas and e-commerce are generally performing very well. In the medium to long term they would like to continue to gain share in EFTPOS, e-commerce software and lending to small business. I believe their strong product suite, very strong net cash balance sheet and good customer base will likely see them survive through COVID-19 and continue to gain share and thrive over the long term.
https://www.livewiremarkets.com/wires/8-rock-solid-stocks
$6 Party, page-13
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Last
92.5¢ |
Change
0.020(2.21%) |
Mkt cap ! $485.1M | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 93.0¢ | 91.0¢ | $873.7K | 946.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 22167 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 182328 | 7 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| TYR (ASX) Chart |