I think we are seeing a validation in our fin tech stocks happening as a result of the APT/Square deal. This will provide a floor under stocks like Tyro, EML etc moving forward in my opinion.
Square will probably not stop at one takeover. There will be more down the track. Tyro is a perfect way to gain more traction in Aus and also gain a banking license. Look at the main Tyro competitors in this space. it's mainly Square. Square have 200 staff here and are adding another 100 in the coming 12 months. IMO Tyro is a target down the track.
I think we are seeing a validation in our fin tech stocks...
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Last
$1.03 |
Change
-0.010(0.96%) |
Mkt cap ! $540.7M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.03 | $1.929M | 1.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 642 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 2000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| TYR (ASX) Chart |