What you say makes a lot of sense, wish i had thought of that.
I assume the industry sectors they are in (especially hospitality with its high failure rate) is why the major banks are not concerned about TYR competing/offering services and growing. Of course it is also a great way to stay under the radar as they grow, learn and become smarter and more competitive in addition to establishing a trustworthy brand (in spite of the present setback)
Do you (or anyone) think TYR will seek to (in due course) replicate the deal they did with bendigo bank ?
In their 2020 annual report p9 They identify bendigo bank with its 31,000 terminals.
They also list suncorp (with 21k down from 23 k the year before)
But interestingly in the prospectus they provide further details (P37, footnote 2): Bank of Queensland (10,643 terminals) provided by First Data.
After a year or so they may approach they two banks also.
Then I wonder who offers services for the credit unions...
TYR Price at posting:
$2.73 Sentiment: Buy Disclosure: Not Held
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