News: TYR Westpac taps JP Morgan for Tyro Payments takeover - media, page-25

Look its great if you bought Tyro under $1 or even $1.20. But then again I know many who owned Tyro longterm in $2.50, $3 $3.50 plus range thinking this could hit $7. So basically my comment Tyro is basically getting around to the conclusion its a good department but as a stand alone ASX entity there is too much overhead costs that it needs to absorb and realistically can't turn a profit anytime soon. On the otherhand as a department for a large bank it could be and cashflow positive profit center without the huge overhead costs. No doubt the bank will eliminate the duplication from its own end too.