Ann: Additional Disclosure on AGM Trading Update, page-29

Also its worth noting that the commentary written by Thomson Reuters, were written in India by independent financial writers, who do not know anything about the ASX and TYRO's future growth.

** Shares of fintech co Tyro Payments fall as much as 5.8% to A$3.250, set to extend losses for third day
** TYR on Wednesday said its gross profit growth as Oct-end was 14%, which the brokerage says compares to a growth of 24% on a normalised basis as at July-end
** Brokerage Jefferies lowers TYR's PT to A$3.60 from A$4.0
** Says the slowdown in profit growth indicates that margins declined likely due to lower terminal rental fees and reduced banking earnings as a result of the recent lockdowns
** Jefferies says expectations for margin expansion in 1H & FY22 (based on the FY21 trading update) are unlikely to be met & forecasts will come down
** Adds that this may see potential investors waiting for clear air before returning to the stock
** Jefferies now expects TYR to report an adjusted net loss of A$4.1 mln ($3.06 mln) compared with its prior profit estimate of A$6 mln for FY22
** Stock up ~8.2% this year, as of last close
($1 = 1.3410 Australian dollars)
(Reporting by Harish Sridharan and Tejaswi Marthi in Bengaluru)
(([email protected]))