Finally ! Positive SPIN directed towards TYRO !, page-5

From the SMH:

But UBS has initiated coverage with a Buy recommendation and $2.30 price target, saying - essentially - any bad news is well-and-truly priced in.“In our view Tyro’s de-rating to around four times EV/GP (enterprise value to gross profit) from 12 times EV/GP offers an attractive entry point to Australia’s fifth largest payments terminals provider, a business on the verge of margin expansion and positive free cash flow,” says the UBS analyst team led by Tim Piper.

“We believe investors should focus on valuation multiples through a medium-term earnings lens, given our investment case hinges on scalability and operating leverage.”

Tyro shares were up marginally to $1.69 this afternoon."

I'll be happy when we're back at $2.30