TYR - Tyro Payments

[So_Cynical]

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.

Tyro is burning cash, thus the 1.70 price, yep everything is a dice roll in this market, going to be many people kicking themselves in the months and years to come for all sorts of decisions.

Having a look Tyro does look cheap, they have cash burn and cash so...

 

[frugal.rock]

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.

I couldn't help myself.... picked up some at $ 1.515 & 1.60
52 week low again today at $1.51
Fingers and toes crossed!
But way oversold, the newer market darlings get smacked hard!

F.Rock

 

[So_Cynical]

$4.53 to $1.51 Top to bottom is a hell of a drop for the newest market darling - 66% fall.
~

 

[frugal.rock]

Yep, about the same for Z1P and Afterpay did circa 50%
Would say, one could think they have bottomed out, but I wouldn't be surprised if they hit the lows again and punch through a bit more.

Quite a few stocks amongst my lists hit 52 week lows today, in many cases, again.

F.Rock

 

[UMike]

We use Tyro EFT.
Money goes into My Tyro bank acc.

I tend to transfer it nightly into the business Bank acc nightly atm for obvious reasons.

 

[frugal.rock]

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.

F.Rock

 

[frugal.rock]

Well, Tyro continues to recover nicely.
1 month chart.
F.Rock

Thought it might be interesting to see Z1P alongside.

 

[Dona Ferentes]

probably doing well on an ABC* pattern.

*Anything But Cash

But were we expecting DE* breakdown?

*Deferred Expenditure

 

[Dona Ferentes]

- from the AFR:

Robbie Cooke, the chief executive of listed payment group Tyro, is a glass half-full type of guy. And the data on the slow reopening of the Australian economy is only adding to his confidence in better times ahead.

Tyro, in an example of transparency for which it deserves much credit, has been releasing weekly data on the transactions going through its platform, which serves 32,000 mainly small and medium businesses around Australia concentrated on hospitality (about 45 per cent of Tyro’s activity), retail (35 per cent) and health (12 per cent).

What Cooke has seen is a gradual but unmistakable fightback in the Australian business community.

“I am very much in the optimistic camp,” he says. “Businesses are resilient and people have reinvented themselves.”

April was the low point on Tyro’s platform. Where transaction volumes grew 30 per cent in February to $1.8 billion, they fell 38 per cent in April to $911 million

But things have slowly picked up through the back half of May, as more parts of the economy have reopened. In the first week of May, transaction volumes were down 20 per cent. By the end of the third week of the month, volumes were down 18 per cent.

Hospitality is still tough and health has proven slower to recover than Cooke expected. But retail is starting to pick itself off the canvass.

“We’re seeing this nice improvement as each week goes on and that’s very much coming through in the retail space,” Cooke says. “As more and more shops open up that will continue to come through."

Share price of TYR now back to where it was before the shutdown (but if volumes are still down, then there's got to be some exuberance priced in?)

 

[frugal.rock]

It depends on how you squash a chart as well
The chart is Tyros life listed, thus far. I believe it was a private company for many years prior though.
Volume seems to be ok. Price ranges on the larger side of averages ATM. It moves as quick as, on occasion. Not holding ATM.

 

[Dona Ferentes]

Yes, possibly. The volume I referred to was the transactional volume that is a TYR metric.

...transaction volumes were down 20 per cent. By the end of the third week of the month, volumes were down 18 per cent..

as a ticket clipper, it's probably a good gauge of how they're travelling.

I took out daily trade volume, could have left it it in to flatten the curves.

 

[frugal.rock]

Nice big volume on closing Friday.
In fact, biggest volume day for Tyro since listed. Something's afoot.
Looking for the Monday covid19 update, well, later in the morning now...

Check the CSPA bar on the intraday chart below

... certainly interesting when ~$70,000,000 changed hands in the CSPA...
Purchasing metrics should show a better increase yet again, over last week and week on year.
Holding.
F.Rock

 

[Dona Ferentes]

was sniffing around TYR, mainly because of its origins in Private Equity. Now those guys are the ones that make the money!
https://ellerstoncapital.com/funds/ellerston-jaade-private-assets-fund/

From an article about JAADE "The fourth, a stake in recently listed fintech Tyro Payments, was sold in March. JAADE made 2½ times its money on the investment in less than a year, according to Mr Leslie."

The backpats include this:

Tyro is the leading challenger in merchant services and payment terminal markets in Australia (www.tyro.com) leveraging its proprietary technology stack that enables an end-to-end payment solution for merchants. Tyro was one of the first fintech companies in Australia to be granted a banking license. Tyro has entered into an agreement with the world’s largest online payment platform, Alipay, to become the first Australian bank to offer an all-in-one Eftpos solution with the Chinese outfit.

. Haven't seen the Alipay connection mentioned before, and does it mean anything?

(don't hold)

 

[frugal.rock]

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.

Probably about time to kick yourself once.
Have kicked myself many times on Tyro...
note to self, continue holding... accumulate in due course.

 

[frugal.rock]

Haven't seen the Alipay connection mentioned before, and does it mean anything?

Well Alipay is probably the biggest payment platform in China (there's only 2 huge one's...). I can't quantify that though.
Some signs of recovery emerging.
My own independent market research suggests that retailers like Tyro and the last one I spoke with was with NAB but moving to Tyro due to lower fees.
It's not news the banks need to sharpen their pencils...
Another Mike Cannon Brookes Grok Ventures investee (unconfirmed by me).

 

[Dona Ferentes]

Noticed Tyro on the tap n go payment machine in the pub this evening

 

[frugal.rock]

Noticed Tyro on the tap n go payment machine in the pub this evening

Every time I see one, I do market research, attendent dependent.
(IE; Manager or a "has a clue" type)

 

[frugal.rock]

Update for those interested.
Steady as she goes. The love is returning, bit by bit.
"It won't happen overnight...."

 

[bk1]

The love is returning, bit by bit.

And so it should, August transaction data equal to year on year, year to date transaction value up 5%.

 

[Dona Ferentes]

And so it should, August transaction data equal to year on year, year to date transaction value up 5%.

but tough to achieve growth is supplier is unreliable.

Tyro is experiencing a terminal connectivity issue with respect to a limited number of its EFTPOS terminals. The issue has been present since 7:00pm Tuesday 5 January 2021 and every effort is being made to achieve a resolution. To this end, Tyro is working closely with our terminal supplier, Worldline, who are assisting in the resolution effort.
Tyro is also doing all that it is able to mitigate the impact upon merchants with the issue appearing to impact ~15% of our terminal fleet as active in January 2021. At this stage the issue has caused a ~5% reduction in expected transaction values over the period in question.

Limited (!) to 100,000 terminals, it is reported. ... and now a week