Novatti - The $1 party, page-3739

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Hecticpharmer

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20/10/22

10:40

Post #: 64294902
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Originally posted by Albarino: ↑

Interesting announcement relating to Tyro who are in the payments space providing business banking products including point of sales terminals:

'Oct 18 (Reuters) - Three of Australia'sbiggest banks are considering a bid for payment terminals firm Tyro (TYR.AX),underscoring the importance of new revenue streams as rising interest ratesbatter the mortgage market. Australian retail banks are anxious to compete withBlock Inc (SQ.N), the payments firm controlled by Twitter founder Jack Dorsey,which has been expanding its point-of-sale offer in the country since buyingbuy-now-pay-later giant Afterpay this year.'
It's worth noting that Tyro is currently valued at $824m based on gross profit of $148.5m (24% YoY) and ebitda of $10.7m (FY22 Investor Presentation).

With revenue of $32.5m (97% YoY) and pre-tax loss of $16.6m following significant investment in newer lines of business, including Acquiring, Issuing and Emersion (business automation/ payment processing), Novatti is looking seriously undervalued based on revenue/ run rate. The loss is a different matter and is clearly unsustainable. Having reduced the burn rate in the last quarter, I'm expecting to see a further reduction reported at the end of the month alongside increasing topline growth. With a second quarter of reducing costs, it would demonstrate to the market that they’ve got a handle on their cost base which they should now be leveraging to expand their margins.

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Can you link the actual article please? Did you add the last paragraph in there by yourself because the ones that I found on Reuters did not say anything about Novatti ...

NOV Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $19.21M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.4¢	$1.369K	25.36K

Buyers (Bids)

No.	Vol.	Price($)
3	57648	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	4581	1

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No.	Vol.	Price($)
3	57648	0.051
1	20018	0.050
1	50000	0.049
1	63829	0.047
4	138700	0.045

Price($)	Vol.	No.
0.053	4581	1
0.054	34366	1
0.060	146837	3
0.063	27000	1
0.070	100000	1

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Novatti - The $1 party, page-3739

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