I find the lockdown news as a positive step and in reality should add value to stocks. It was the indecision from the governments that could have lead to prolonged economic slowdown. Undoubtedly, we will still have a major slowdown but at least there are decisive steps to slow down the progression of the virus now.
Undoubtedly there will be a slaughter in Aussie stocks tomorrow but the thematic of moving towards a cashless society will probably persist even after the virus slows down. Surviving SMEs will also be looking for cheaper EFTPOS alternatives once they reflect on how to save costs following this virus which will result in switching EFTPOS providers from the big 4 (who will not be focused or nimble enough to react to the innovation from the likes of TYR).
Took a starter position late last week but will look to add this during the lockdown period as further information around the virus is released. Expect daily > 10% moves as funds deal with redemptions, growing numbers of cases, longer than expected lockdowns, etc. With greater volatility, never load into your full position at once, spread it out over months. Stay safe and be careful!
TYR Price at posting:
$1.35 Sentiment: Hold Disclosure: Held
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