This one has been sitting in my bottom drawer for a while, but things are really starting to move. Brokers are now lifting their targets – Morgans just pushed theirs up to $1.67 – while management at Tyro (TYR) have confirmed they’re fielding regular takeover approaches.With the current share price sitting around $1.24, there looks to be a clear value gap here. Between broker upgrades and the possibility of a corporate play, this could be a great entry point for anyone who’s been on the sidelines.I’m holding, but it feels like the market hasn’t fully woken up to the potential upside yet. Based on previous offer rejected by the board, I would like to think we are talking about offers in the range of 1.70 to 1.90. Thoughts?
TYR Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
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