TYR 0.00% 90.5¢ tyro payments limited

I firmly believe in TYR, and I'm not sure why the most recent...

  1. 38 Posts.
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    I firmly believe in TYR, and I'm not sure why the most recent bout of selling is happening, but I find it hard to believe it's a significant amount of people waiting to sell once they could get the CGT discount post-IPO. TYR's IPO sold at $2.75, and it first traded retail at $3.30, so it's not the case that there's a heap of people that bought during or immediately after the IPO who are taking profits and locking in the CGT discount (there aren't any profits to lock in at these prices!)... Also, it's been on a downward trend since hitting $4 in mid-November (ie less than 12 months after the IPO), so that's clearly not the reason for the recent change in sentiment.

    But that doesn't matter anyway - a lot of people on HotCopper are very keen to come up with explanations when a certain stock is oversold to convince themselves there's something driving it other than (short-term) market sentiment. If you're a long-term holder and have conviction in the company, there's no need to be too concerned about a two or three week period where the share price dips. Eventually markets correct themselves, and TYR will be back up at $3.70-$3.90 within a few weeks (fair value, IMO).
 
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Last
90.5¢
Change
0.000(0.00%)
Mkt cap ! $474.2M
Open High Low Value Volume
90.5¢ 92.0¢ 90.5¢ $610.9K 670.4K

Buyers (Bids)

No. Vol. Price($)
6 90676 90.5¢
 

Sellers (Offers)

Price($) Vol. No.
91.0¢ 6619 2
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
91.0¢
  Change
0.000 ( 0.42 %)
Open High Low Volume
91.0¢ 92.0¢ 90.5¢ 172539
Last updated 15.59pm 10/05/2024 ?
TYR (ASX) Chart
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