Down 10% in 3 days . this kind of reaction to US interest rate forecasts is a bit extreme. Australian inflation is in better shape than the US so we will probably get rate cuts here. It was too much retail sales growth in the US that caused the Fed comments which should be good for Tyro if the same is mirrored here.
last update showed profit growth, merchant growth and sales growth. Interesting that since then the price is 30% lower.
with population growing, even if per capita spends less Tyro can still grow with the extra 1,000,000 migrants in Australia this year.
hard work getting a foothold is done. I think this share will do well as soon as management provide an update. Manipulators I think believe the same and have been pushing the share price lower while accumulating hence no change of holder notices .
TYR Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
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