They made Group EBITDA of $2.2m in July, as shared in the trading update. July not exactly a big month, with no Easter, Christmas, etc so we can assume growth from there. We know the transaction value in August exceeded July. 12 x July's EBITDA gives you $26.4m in EBITDA for the year, which is just over the mid-point of guidance ($23m - $29m). With transaction growth during the year across terminals and online, with Christmas still to come, I can see them exceeding guidance.
Price target by end of year $2.50 for me. This bid has just made the market wake up again as operating leverage kicks in.
TYR Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)