29/08/2023 16:36

Tyro Payments (TYR) $1.29

TYR +14.67%: FY23 results out this morning were solid, with revenue of $435m v $427m expected, driving EBITDA of $42.3m which was a 5% beat to consensus. The kicker however came with FY24 guidance of EBITDA in the range of $52-58m, which was ~15% above market expectations while also factoring in weaker discretionary spend

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10/10/2022 16:59

Tyro Payments (TYR) $1.51

TYR +1.68%: the payment software and terminal company upgraded guidance today on the back of a strong start to FY22. EBITDA is now expected in the range of $28-$34m, up around 20% on the previous guidance and over 40% above consensus at the midpoint. The company processed over $10b in transactions in the first quarter, up 59% on the COVID-impacted...

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06/07/2022 09:37

Emerging Companies Portfolio

The portfolio was off -0.27% in the week against a weak market that fell -1.14%%. Cash remains at around 4% with no changes to the portfolio. Austal (ASB) was the star of the show adding ~30% following a good contract win while Praemium (PPS) +21% and Dubber (DUB) +18.7% bounced strongly. Tyro (TYR) -18.59% and Select Harvest (SHV) -10.44% were the biggest drags.

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29/06/2022 17:14

Tyro Payments (TYR) 65c

TYR -16.67%: the CEO & MD has submitted his resignation today, triggering a 6-month notice period for the payment terminals business. Rob Cooke has taken the top job at Star Entertainment (SGR) pending regulatory approval – Star almost needs regulatory approval to take a $5 bet at the blackjack table these days. It’s disappointing to see the CEO leave 5 years into the job after taking Tyro listed in 2019, exiting at a...

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29/06/2022 09:28

Emerging Companies Portfolio

The portfolio was up 4.94% in the week, ahead of the small ords index which rose 4%. Cash remains at around 4% with no changes to the portfolio. There was a wide spread of performance during the week as the EOFY washing machine of trades flowed through. Audinate (AD8) and Adore Beauty (ABY) rallied 16.9% and 13% respectively. Zip (ZIP) continued its poor run to fall -9.5%, and Tyro Payments (TYR) was also weak, down -8.2%.

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01/06/2022 09:54

Tyro Payments (TYR) $1.06

The payments business rallied 10% on Monday after peer Smartpay (SMP) released its FY results for the 12 months to March. We met with Smartpay’s management team yesterday to get a better understanding of what is going on in the industry.

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06/04/2022 09:45

Emerging Companies Portfolio

The portfolio was up +0.99% in the week with cash remaining around 9%. We were looking to spend 4% of that on Paladin (PDN) following their capital raise last week however shares have been well supported since and haven’t yet traded to our 73c limit. We will give that order until Friday before re-assessing. Whispir (WSP) was the main standout for the week, rallying 14%, while...

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16/03/2022 09:29

Tyro Payments (TYR) $1.68

A position we bought early on, and well, for the portfolio back in 2020 now feels frustrating given we have seen shares in the payments company have a crack at $4.40 on 3 separate occasions while it now languishes ~60% below its highs. Margins were in focus across the board in the latest reporting period, with any company hinting at a squeeze dealt a blow by the market & Tyro was no different. There are strong signs of growth though with...

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02/03/2022 09:32

Emerging Companies Portfolio

The portfolio was up +7.40% in the week with cash sitting at a little over 1%. Strong performances from a number of names including Tyro (TYR) & Calix (CXL) both up 17%, and Paladin (PDN) +31%. Ive Group (IGL) tracked higher throughout the 5 sessions on a strong result and while we remain bullish and will continue to hold the stock in the Income Portfolio, we are likely to use this as a funding...

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23/02/2022 09:31

Emerging Companies Portfolio

Another tough week for the Emerging Companies Portfolio and while the small caps across the market have been hit, this portfolio holds a number of technology focussed companies with a tilt towards payments that have really felt the brunt of this recent weakness. Over the course of the week the portfolio fell -7.10% while cash sits at a little over 1%. This financial year the portfolio has...

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