Cashless payments are rapidly being been taken up by the ''other 50%'' of consumers that were concerned about the security of using ''Tap & pay'' payments... But the Covid19 pandemic has over ridden those consumers concerns about ''Tap & Pay'' security with health concerns about handling physical cash and especially coins ! So that's why we are getting up a 90% take-up of Electronic payments now at point of sale... Plus consumers that used to only use cash realise now that ''Tap & Pay'' is secure and should continue to use this after the Covid19 pandemic finally passes ! Which will benefit Tyro and other payment systems in the future !
Now since the $0.97 base on March 19th TYR has had a stellar rise in the SP initially helped by the Federal Governments stimulation measures to financially help the consumer ! Plus Tyro has a strong market share in Healthcare that's holding up well... Tyro is a good fundamental story, with a strong balance sheet and in a good position to get to the ''other side'' !
I am looking at establishing a solid long position over the next 4 months in any major dips in the SP !
TYR Price at posting:
$2.85 Sentiment: Buy Disclosure: Not Held
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