TYR - Tyro Payments

[System]

Tyro Payments are a technology-focused company providing Australian businesses with payment solutions and value-adding business banking products. Tyro provide simple, flexible and reliable payments solutions as a merchant acquirer, along with complementary business banking products.

In FY19, Tyro partnered with more than 29,000 Australian merchants and processed more than $17.5 billion in transaction value, generating $189.8 million in revenue and income from all business segments. In the same year, they originated $52.2 million in loans and held merchant deposits totalling $26.9 million at 30 June 2019.

Tyro are Australia's fifth largest merchant acquiring bank by number of terminals in the market, behind the four major banks.

It is anticipated that TYR will list on the ASX during December 2019.

https://www.tyro.com

 

[bigdog]

Just two more days!

Upcoming ASX IPOs

• Tyro Payments Limited TYR 06/12/2019

Future Generation Investment Forum presentation last Thursday in Melbourne 28/11/19 included:

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.

 

[galumay]

This will destroy retail investor's capital. Suckers will pile into the IPO no doubt, but anyone capable of reading and understanding a prospectus and financial statements would not touch this with a barge pole.

 

[bigdog]

Expected to commence trading today 12:00 PM and shares issued at $2.75

Top 20 Holders (uploaded)

I imagine that SP trading will be big gains for these guys!

146

 

[bigdog]

There was much money to be made for all holders

 

[galumay]

As I said, out of the pockets of retail investors....

 

[Klogg]

As I said, out of the pockets of retail investors....

Now trading at almost 15 times gross profit... (not that you should look at multiples of GP, but that's their chosen metric).

SMP trading at less than this after factoring in the NZ buyout, debt repayment and dividend. And they're growing way faster. And profitable.

 

[galumay]

...and I wouldn't buy SMP either! As you say, its a much better business, but I believe the big four banks will continue to dominate this space.

 

[Klogg]

...and I wouldn't buy SMP either! As you say, its a much better business, but I believe the big four banks will continue to dominate this space.

I can confidently say it'll either be Tyro or SMP dominating. Pricing structures alone will show that.

The banks have enjoyed regulatory protection for far too long, and are now running bloated businesses as far as EFTPOS is concerned.

 

[galumay]

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.

 

[frugal.rock]

I can confidently say it'll either be Tyro or SMP dominating. Pricing structures alone will show that.

The banks have enjoyed regulatory protection for far too long, and are now running bloated businesses as far as EFTPOS is concerned.

Follow the money...
Mike Cannon Brookes
https://www.startupdaily.net/2019/1...atlassians-mike-cannon-brookes-tops-the-list/
Nuff said. This stock was recommended to me, only the second one recommended. The first was Xero at ~ $13 around early 2016?
F.Rock
PS; I am looking for an entry...

 

[Dona Ferentes]

Tyro is a payments-solution to retailers. 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. Analyst Jun Bei sees further verticals being added in time, and flagged a move into travel.

....a quote from somewhere. ... It has some attractions, but is not 'essential', has to overcome the incumbents and, realistically, is only nipping at the heels of the A team. And has to wear costs to gain share.

 

[Trav.]

TYR come up on my scan today and to be honest I had never heard of them before but I probably can be forgiven as they only listed Dec 2019.

Not much history obviously to form a real opinion on the chart but having a nice run at the moment.

Watching out of interest only

 

[frugal.rock]

This will destroy retail investor's capital. Suckers will pile into the IPO no doubt, but anyone capable of reading and understanding a prospectus and financial statements would not touch this with a barge pole.

I can confidently say it'll either be Tyro or SMP dominating. Pricing structures alone will show that.

I was out at 3.55 a fortnight ago...
Have been looking for a re-entry, but, well, it's not playing the retrace game at the moment...
F.Rock

 

[Klogg]

View attachment 100109
I was out at 3.55 a fortnight ago...
Have been looking for a re-entry, but, well, it's not playing the retrace game at the moment...
F.Rock

The ingenico buyout really fuelled speculation. Then SMP reported a very nice terminal number update, and here we are.

100% gains in a few months for me... Totally unwarranted, but I'll take freebies.

 

[Trav.]

100% gains in a few months for me

@Klogg nice work here and good luck in the trade.

 

[galumay]

Well done @Klogg still cant see an investible business in either of them, but here we are. In this market everything just keeps going up!

 

[frugal.rock]

A strong open today at 4.53.
Settled on a 4.37 close. Down 2.7%.
Have settled on a nickname for this one, Tyro Banks.
Daily volume average is active over the last 7 bars.
Interesting to see where it goes from here?
F.Rock

 

[Dona Ferentes]

• Half-year Revenue ($m) 117.3, up 28.4%
• Net loss ($m) 19.2, up 150%
• Transacrtion value ($b) 11.1, up 30%
• Business unit revenue ($m) $2.6, up 70.8%

 

[dyna]

Bought $5 grand worth at $1.70.Throw of the dice,I guess(like everything else these days,eh?)...It might have to be a long term keeper.Maybe some day I'll kick myself for not being more brave.