市场见解

Here’s why the Tyro (ASX:TYR) share price tumbled 15% today

Tyro shares have fallen today after its AGM update.
The post Here’s why the Tyro (ASX:TYR) share price tumbled 15% today appeared first on The Motley Fool Australia. –

The Tyro Payments Ltd (ASX: TYR) share price dropped 15% today after the payments business gave a presentation at its annual general meeting (AGM).

While investors may already have seen how it performed in FY21, the company’s latest thoughts may be new information.

Looking ahead

The payments business outlined a number of things that it’s doing to expand its operations.

Tyro said that it has an appetite to continue investing to capture segment share growth opportunities. This will require a step-up in operational and capital expenditure investment in key project areas including the Tyro Go dongle, its e-commerce platform and a next generation terminal.

But that’s not the only thing that Tyro is working on. It’s extending its merchant cash advance product.

Tyro also said that there is an opportunity with Medipass in combination with its existing health solutions to create the leading unified claiming and payments platform for Australian healthcare practitioners.

The payments company is looks to deploy its IP in the alliance model into other market opportunities. It has gone into an alliance with the regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN). Tyro also said that it has a pilot in operation with Telstra Corporation Ltd (ASX: TLS) that includes 29 of its retail locations where business customers can view and sign up to Tyro terminals.

Management also said that the business has continuing appetite for bolt on acquisitions to gain scale, leverage its platform or add capabilities.

The company declined to give any guidance.

Trading update

Tyro gave a trading update as part of its AGM for FY22 in the year to date to 29 October 2021. How the business is performing can have an impact on the Tyro share price.

In the payments business, it says that it averaged 1,259 new merchant applications per month for the first four months of FY22.

The transaction value to 29 October 2021 was up 25% year on year to $8.97 billion. The transaction value in the two weeks since NSW came out of lockdown was up 46%. The e-commerce value to 31 October 2021 was up 1,848% to $178.6 million.

Turning to the banking business, loan originations to 31 October 2021 was $20.6 million, up 1,447%. Deposit balances were $97.7 million at 31 October 2021, an increase of 7%.

Finally, Tyro said that its gross profit to 31 October 2021 was $38.5 million, an increase of 14%.

That gross profit increased was lower than what was achieved in FY21, where gross profit grew by 28% to $119.4 million.

Tyro’s payment terminals problems

During the last financial year, Tyro suffered from a terminal connectivity issue in January 2021. The business established a remediation program to provide financially-impacted merchants a channel to seek to claim financial loss caused by the incident. As of yesterday, 93% of all remediation claims relating to the terminal incident have been resolved.

Tyro said it is developing a dongle ‘failover’ solution for every merchant, which is an industry first. However, it is facing legal proceedings in the Federal Court on behalf of certain merchants. Tyro said it’s going to defend these proceedings.

The post Here’s why the Tyro (ASX:TYR) share price tumbled 15% today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why did the Tyro (ASX:TYR) share price lift on Monday?

Why Beach, Flight Centre, Tyro, and Whitehaven Coal are dropping

Tyro (ASX:TYR) share price tumbles after being hit with class action

2 ASX tech shares that experts love right now

How did ASX fintech shares perform in the FY22 first quarter?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tyro Payments. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!