TYR being cute again on how the present EBITDA (adjusting for SBP is just BS, fund managers hate it) and now they are being cute on how they define Free Cash Flow (fund managers will hate that too).
Per note 5 p21 of AGM presentation - "Free cash flow is calculated before changes in banking funds and timing differences relating to net scheme receivables. It is calculated as EBITDA before share based payments adjusted for non-cash items in Tyro’s working capital movements, statutory adjustments (including rent payments) and capital expenditure including internally generated intangibles. Terminal capital expenditure includes both new and replacement terminals."
Too hard basket.
TYR Price at posting:
$1.01 Sentiment: None Disclosure: Not Held
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(20min delay)