I thought the AGM meeting was very optimistic with still a lot of growth ahead. Switzer and Adam spoke about it on yesterdays boom/doom program, mentioned there were three prospective buyers and its price is still supressed from the recent tech downturn. He also mentioned that Tyro would more likely want an offer with a 2 in front of it. I noticed from an earlier post that NAB had a valuation of $1.50 per share although if NAB were an interested party then they may have incentive to make this a substantially low figure. Morningstar have it at $3.02 and considering it sat well above $3 for most of its first two years then I think something with a 3 in front of it would be a much more realistic acceptance price.
TYR Price at posting:
$1.49 Sentiment: Hold Disclosure: Held
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