Just a question, as I only bought tyro a few months back at 3.00 based on the current verticals and am not an expert in banking analysis...
given they hold a banking license and lend to businesses, could they expand their loan book and lend to individuals for example for home mortgages, given this is the traditional cash cow of the big 4?
I note that long duration bond yields are rising which is good for banks who borrow in the short term markets and lend in the long term (30yr mortgages) so they are set to enjoy expanding margins in the coming months/ years.
I know this is not a traditional vertical for tyro, but if their deposit balances expand over time this could be another option to create shareholder value?
I bought cba last year after having zero banks for a couple years and picked up a Westpac parcel in kan, but am still deliberately underweight banks compared to the index, as I take a long term view that the banks are structurally changed and will face increased headwinds due to bnpl (eroding credit card margins and volumes), fintechs (eroding traditional banking), PayPal and square invading their transaction volumes, etc.
I like tyro in this space and would like to see them compete in the mortgage space given the property market will be strong over the next few years.
TYR Price at posting:
$3.92 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)