Most liked posts in thread: TYR - Tyro Payments
Page 1 of 2
Just two more days!
Upcoming ASX IPOs
- Tyro Payments Limited TYR 06/12/2019
Jun Bei, Tyro if you don’t recognise the name, it’s because it’s not listed yet! However, by next Friday it will be.
Tyro is a payments-solution to retailers. Her slide below provides a neat summary.
The company services retailers, hospitality, and medical centres, and with 51,000 outlets, it transacts $17 billion annually, or 10% market share.
The benefit to the consumer is that it is highly reliable, has extra functionality (e.g.: splitting bills or adding tips), incorporates Alipay and Zip, and is fully integrated with the point of sale. Jun Bei sees further verticals being added in time, and flagged a move into travel.
SMP trading at less than this after factoring in the NZ buyout, debt repayment and dividend. And they're growing way faster. And profitable.
The banks have enjoyed regulatory protection for far too long, and are now running bloated businesses as far as EFTPOS is concerned.
When I looked into it SMP cant compete on pricing with the banks, also the big four have the incumbency, most retailers already use their POS terminals. I may well be wrong, and it wont be the first or last time, but my experience running my own business, as well as talking to others is what informs my view. Either way its a low margin business with no barriers to entry. Not my game.
Offloaded the Tyro stocks today.
A thought had occurred to me... if Tyro mainly makes its money from transactions through fixed terminals, then we are going to see a possible drastic? drop off of transactions.
Not sure if the supermarkets use them though.?
They plan to do weekly announcements regarding their situation, so I guess any drop offs may be less dramatic visually for the shorter term. Will probably help the SP stability somewhat...
A breakdown of where there terminals are at would be interesting.
Yes, possibly. The volume I referred to was the transactional volume that is a TYR metric.
I took out daily trade volume, could have left it it in to flatten the curves.
Mike Cannon Brookes
Nuff said. This stock was recommended to me, only the second one recommended. The first was Xero at ~ $13 around early 2016?
PS; I am looking for an entry...
Page 1 of 2