Tyro Deal Turns from Potentia into Zero Reality
Nobody wants Tyro Payments it seems – Westpac walked away last December and now US private equity group Potentia has done the same.
Read MoreNobody wants Tyro Payments it seems – Westpac walked away last December and now US private equity group Potentia has done the same.
Read MoreHaving been the focus of plenty of corporate interest last year – including from Westpac – shares in Tyro Payments surged nearly 7% Monday on news of an earnings upgrade.
Read MoreShares in Tyro Payments fell more than 20% at one stage yesterday after Westpac ended takeover talks and a second offer from a private equity group failed to win approval.
Read MoreAfter an early dip driven by the fall in the wider market, shares in payments platform Tyro rallied 1.6% on a surprise earnings upgrade from the company for FY22-23.
Read MoreThe broker retains its $2.30 target price and Buy rating.
Read MoreShares in Tyro Payments touched new all-time lows yesterday after losing CEO Robbie Cooke to the toughest job currently in Australian business: cleaning up Star casino group.
Read MoreThe broker initiates with a Buy rating and a target price of $2.30.
Read MoreThe Add rating is maintained and the target price is increased to $4.29 from $4.25.
Read MoreMorgans initiates coverage of Australia’s fifth largest merchant acquiring bank, Tyro Payments, with an Add rating and a target price of $4.25.
Read MoreSuddenly it’s much more serious for Tyro Payments, the Eftpos payments group. In an update to the ASX on Wednesday it reported the outages had impacted 30% of its customers, six times the original estimate a week ago.
Read MoreShares in fintech group, Tyro Payment fell 8% to their lowest level in 10 months on a growing realisation that its payment system has been hurt badly by a major technical problem.
Read MoreSam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
Read MoreEftpos provider Tyro Payments has withdrawn the guidance in its prospectus while Bank of Queensland has also scrapped its 2019-20 earnings guidance but maintains that its capital position and funding are strong after a recent $340 million capital raising.
Read MoreCapturing the outstanding long-term opportunities will require staying calm and committed to your investment process.
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