TYR 1.26% $3.13 tyro payments limited

TYR: #1 Stock Pick for CY2021

  1. 2,687 Posts.
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    Tyro Payments (ASX:TYR)

    Ben Clark, TMS Capital

    It's Tyro Payments for me. This is a business that I think has got a really good long-term structural growth story. But I think 2021, as we see the economy reopen, relaxation start to come back in, because of the number of hospitality merchants that it services, we should see some pretty strong growth.

    There are four catalysts I like about this business next year. Firstly, the volumes of transactions through the network are going to really start to accelerate. Between December 1 and December 11, they did 29% volume growth versus the PCP. So it's already starting to come through. Secondly, you're going to see further market share gains and potentially the entry into some new verticals. Third, there's going to be the launch of TyroConnect, which is this integration hub they built around the point of sale (POS), which I think is going to create more customer loyalty and uptake. Fourth, I think the lending part of the business, which was frozen during COVID for good reasons, will start to go again. It's quite a profitable part of the business for them. So hopefully, Tyro does it for me this year.


    Source: https://www.livewiremarkets.com/wires/the-1-stock-picks-for-2021

    T.E.P.
 
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Last
$3.13
Change
-0.040(1.26%)
Mkt cap ! $1.590B
Open High Low Value Volume
$3.16 $3.20 $3.08 $10.57M 3.381M

Buyers (Bids)

No. Vol. Price($)
1 10000 $3.11
 

Sellers (Offers)

Price($) Vol. No.
$3.13 29374 9
View Market Depth
Last trade - 16.10pm 05/03/2021 (20 minute delay) ?
(live)
Last
$3.11
  Change
-0.040 ( 2.23 %)
Open High Low Volume
$3.16 $3.18 $3.08 361315
Last updated 15.59pm 05/03/2021 (live) ?
TYR (ASX) Chart
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