FY21 Result: A decent year for the payments tech business, managing to post revenue growth of 13% despite the lockdown headwinds. Profit jumped to $119m, up 28% and slightly ahead of market expectations. Tyro terminals grew 83% in the year despite the technical issues that plagued the company over the Christmas period. Remediation and upgrade costs now seem to be behind them. The business will now look to take advantage of operating leverage, particularly with the ramp up expected once lockdowns are behind us. TYR was trading +4.19% at the time of writing.
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Performance update for March, stocks that drove returns & our current positioning
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
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Market Matters Research Lead Shawn Hickman with David Koch
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Thursday 18th April – DOW -45pts, SPI +20pts
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MM remains bullish TYR
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