Month: July 2020
Tyro Payments (TYR) +3.03% : We’ve been tracking the weekly payments data provided by TYR as a proxy for the broader domestic economy – TYR was/is the fastest growing payments terminal provider and likely to be a good indicator of broader offline sales. TYR results are continuing to show a broader economic recovery although week on […]
Adbri Limited (ABC) -25.4%: formerly Adelaide Brighton, tanked today on Alcoa electing not to renew a supply contract up for expiry in 12 months’ time. The lime supply contract was worth around $70m in annual revenue for Adbri, though there are no material impacts to revenue until after the current contract rolls off next year […]
Webjet (WEB) -2.8%: the rest of the travel stocks were broadly higher today, but Webjet slipped from the pack, falling nearly 3% after pricing up a €100m convertible note deal. The proceeds will be used to reduce debt stress on the balance sheet, with $50m of near term debt repaid and the remaining facility extended […]
Really bullish, there's more to go in the reflation rally
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