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TYR - Tyro Payments

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"As the outage affecting thousands of eftpos machines stretches into a sixth day, irate small business owners are demanding compensation for merchant fees and lost revenue. "
 
Tyro terminal breakdown has made main stream evening news. No fix for another week. Class action being considered.

Is it true that effected businesses could go to Officeworks, buy an SQ terminal and be up and running quickly with another provider?
 
peter2 said:
Is it true that effected businesses could go to Officeworks, buy an SQ terminal and be up and running quickly with another provider?
Click to expand...

I don't know, but Tyro is the little guy trying to compete with the big four banks in this field.

You'd have to think a lot of the pissed off small business clients will be leaving for the banks.
 
Thats what i'm thinking. This is overdone from an IT process malfunction perspective. This is a planned short selling move.
 
Those evil short sellers. ? Trading halt called.

tyr1501b.PNG
 
It is interesting to consider if TYR has been oversold and is it a reversal opportunity when trading is reopened. Personally, it's not my trading style but it might appeal to others (for discussion).

tyr1501a.PNG
 
peter2 said:
It is interesting to consider if TYR has been oversold and is it a reversal opportunity when trading is reopened. Personally, it's not my trading style but it might appeal to others (for discussion).

View attachment 118485
Click to expand...

Hi @peter2,
An interesting observation regarding the reversal opportunity, especially if the last bar was at the end of a 5 wave move down.
Only time will tell.
Cheers, Rob
 
As a user of Tyro I tend to agree with @peter2 . We love our EFT machine and use their Banking facility.

With their technical issues the only things to consider is
  1. The immediate loss of income due to their outage,
  2. Legal action and Compensation (if any)
  3. Loss of customers
While I have had no issues you'd think it would be up to the clients to have a fall back system. We have so I can not see how this supposed class action will carry much weight.

Is not my type of company to trade in but with a bit more research and confidence maybe I will.
 
UMike said:
Fair reward if you were brave.
Click to expand...
Up 25%.
Based on the quantity of terminals being collected daily and the time to return repaired units to merchants, Tyro expects to have the incident resolved by the end of the week.
Click to expand...

the shorter report smelled of opportunism, didn't pass the pub test.
 
Reversal opportunities represent the lure of above average returns for small risk. The only concern is that there's already no demand for the stock that's why it's at a low price. Being the early bird puts us at more risk.

On the perceived growing turnover going through it's terminals (see latest Covid update) TYR might start attracting longer term investors soon. I hope. There's no doubt that it's brand has been damaged by the recent terminal failures and poor public relations throughout that incident.

I've been bold and started a spec trade on TYR. After all isn't this the sort of trade for the spec portfolio?

tyr1102.PNG


Looking at yesterday's HVBB I'm thinking that if todays volume is <1/2 yesterday's or todays close is higher, it might be a good idea to add to this position when it trades above 2.80 - 2.85. I'll keep it in mind with an alert.
 
dyna said:
Jeebus! A specie? I hope not.
Click to expand...
Reversal setups are just a little more risky than my normal break-out setups so that's why I labelled it a "spec" trade. On the plus side the rewards are greater if the reversal works out. It seems that TYR has started well. Added to the initial position with another purchase as price triggered my alert.

TYR reporting record FY transactions and a promising outlook.

tyr2202b.PNG
 
Mr Mike Cannon-Brookes wouldn't be impressed with it being labelled a speccie....
Watch it hit $4 within a week...

The nerve of some people...:roflmao::wheniwasaboy:
 
Ok, so it didn't rush up on my behest, however am liking the modest headway of the upward trend.

As this is a stock I have traded before and know of, was satisfied to take the lead from @peter2 (after a quick chart gander) and entered on 17th FEB on 2.67 with a half position.

I am more inclined to hold this on a medium to long term basis, however after recent events, holding term is now decided by the stock and it's particulars.

If it (any particular stock) doesn't perform, it's GAWN !

Screenshot_20210304-000847.png
 
As you referenced me I will state that I've sold one of the two positions in TYR at 3.19. Think of this as selling half. If I'd started with a half position I hold for more as selling half of a half doesn't earn much.
 
Geez, s.p of $3.19 for sales per share of 0.43, negative earnings and no listed history of performance to go by. Must be going to take the world by storm. Only for the cognoscenti.
 
peter2 said:
As you referenced me I will state that I've sold one of the two positions in TYR at 3.19. Think of this as selling half. If I'd started with a half position I hold for more as selling half of a half doesn't earn much.
Click to expand...
Can I ask, did you sell last Friday being 26th Feb?
Just interested in this case on the chart around your half exit.
Much obliged.
 
TYR trading above initial target for the reversal setup posted earlier (ka-ching). I expect some selling at this level as relieved holders during the terminal malfunction selloff get their money back.

The spec portfolio will trail an exit stop quite tightly (3.20) while my medium term portfolios will trail a bit further below (3.00) to allow price to form a shallow consolidation at this level (before moving higher?).

A solid close above 3.50 may be a good indicator to buy some more.

tyr1603.PNG
 

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