TYR - Tyro Payments

[Ferret]

Another director bought 136,565 yesterday. It's a reasonable show of confidence.

I bought too early a few days ago at $1.62.

 

[UMike]

Still pissed at missing out a buy a substantial amount @ $1.50 took a small dabble today.

Chart for interest

 

[UMike]

Got another lot today. Chart shows my reasoning.

 

[UMike]

With the worst month for tech stocks in decades over, tipped this for a massive turn around for May.
If it happens Ill thank my lucky stars and go away.

 

[So_Cynical]

$1.20 goddam - cheap if you like it, another good punt for those looking for a longer term flutter?

 

[Dona Ferentes]

Looks like a classic dead cat bounce since Feb? now $1.19

And how long can the weekly Trading Update come with a Covid-19 rider?

 

[Dona Ferentes]

Looks like a classic dead cat bounce since Feb? now $1.19

and another weekly update, with the additional release from escrow information.... Gee whiz, 93c. Hasn't been that price since ..... NEVER.
all time low, on an open ended scale, that is.

And how long can the weekly Trading Update come with a Covid-19 rider?

the answer is; at least until early June 2022.

DNH

 

[UMike]

Seems to be caught on the NASDAQ anchor that is affecting every IT stock atm.

 

[Dona Ferentes]

Tyro Payments shares fell as much as 20 per cent this morning to 62¢ after it said chief executive Robbie Cooke has provided six months’ notice before he leaves to join Star Entertainment.

 

[UMike]

Tyro Payments shares fell as much as 20 per cent this morning to 62¢ after it said chief executive Robbie Cooke has provided six months’ notice before he leaves to join Star Entertainment.

With the awesome job he is doing at TYR how much did Star Ent fall.

 

[frugal.rock]

With the announcement heading being
"CEO AND MANAGING DIRECTOR RESIGNATION"
Capital letters, Bold font, yelling.?., and I initially had thought 2 people were bailing....
First impressions were "the rats are jumping ship".

 

[UMike]

With ZIP more than doubling recently maybe it is time for TYR to catch up.

(Plus they'll get back the terminal that I have been hording the past few months.)

 

[frugal.rock]

Onya Klutz.
Currently on first in the monthly comp.
Hoping for your sake the gaps don't get filled... if one does, I'm in.

 

[aus_trader]

One of the better Fintech companies on the ASX in my opinion.

Probably some of the funds could trickle down to TYR from the Afterpay (APT) beneficiaries looking for a another Fintech. They got paid truckloads when taken over by the US payment giant Square Inc. (now called Block Inc)

I have purchased some shares of TYR for the Speculative Stock Portfolio here on ASF.

 

[Dona Ferentes]

Tyro has rejected a $1.27 per share takeover bid from private equity group led by Potentia Capital. The deal offered shareholders 100 per cent cash, or a mix of 50 per cent cash and scrip.

Grok Ventures the venture capital vehicle of Mike Cannon-Brookes agreed it would vote its 12.5 per cent stake in Tyro in favour of the bid subject to certain conditions.

Tyro’s board said the offer is materially below its valuation of the business and below where the stock has traded at in the last 12 months.

 

[UMike]

Mike Cannon-Brookes must be an absolute moron or market manipulator. What did he buy in at?

 

[aus_trader]

Mike Cannon-Brookes must be an absolute moron or market manipulator. What did he buy in at?

Or could be back-door dealing with the Private Equity to get the losses back or get a juicy controlling stake in the company once the deal goes through.

There are all sorts of fraudulent dealings than meets the eye. Hope shareholders / management don't fool for these low-balling tactics.

 

[frugal.rock]

AFR 26/1/2021

"The Atlassian co-founder bought into the then unlisted Tyro in 2015, as part of a funding round also involving Aussie fund manager TDM Growth Partners and America’s Tiger Global Management.

Grok opted to retain its Tyro stake at the company’s initial public offering in December 2019, and again when a voluntary escrow lapsed last year."

I personally wouldn't be making assertions about Mike CB in regards to any criminal activity.

 

[dyna]

AFR 26/1/2021

"The Atlassian co-founder bought into the then unlisted Tyro in 2015, as part of a funding round also involving Aussie fund manager TDM Growth Partners and America’s Tiger Global Management.

Grok opted to retain its Tyro stake at the company’s initial public offering in December 2019, and again when a voluntary escrow lapsed last year."

I personally wouldn't be making assertions about Mike CB in regards to any criminal activity.

Me neither ,but you can be sure that Mr. C.B. got a phone call way before the market was informed.

That's just the way it goes, in this game.

 

[KevinBB]

Those who are sceptical on this matter (the proposed takeover of TYR), and to avoid any further speculation, should read this AFR article which describes the involvement of Grok and Potentia in the bid.

Most importantly, this quote from the article:

Cannon-Brookes signed the pre-bid agreement, opposite Potentia’s Tim Reed.​

KH