- 8 June 2008
Missed my TYR entry a week ago and still regretting it. Well done !!!Sold half of the shares in TYR:
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Also congratulations to @UMike for being the runner up with the August Stock Tipping Competition tipping TYR: https://www.aussiestockforums.com/threads/august-2022-stock-competition-entries.37168/post-1190801
Hope the remaining shares for TYR sticks on, in this portfolio for some time...
As previously mentioned, TYR business model does not entirely rely on cheap credit, as it provides payment solutions for business especially small business with Point-Of-Sale (POS) terminals for taking credit/debit card payments. When we had the near-zero interest rates for the last few years, I was quite happy to frequently add Buy-Now-Pay-Later (BNPL) stocks to this portfolio as they thrived in a cheap credit environment.
I am sure you guys remember the mammoth of the BNPL space Afteray (APT) ? It had an epic share price increase before being acquired by US based payments company Square Inc. Below is a summary from Google:
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Other than the banks that offer their payment solutions for businesses, as far as I can see there isn't a Square/Block Inc. equivalent on the asx, other than Tyro Payments Ltd (TYR). So TYR could be somewhat unique in that regard.
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