This is from Ord Minnett research yesterday:

"While aided by the inclusion of Bendigo and Adelaide Bank ((BEN)) volumes, Tyro Payments recorded $2.3bn of transaction value (TV) in July, up 25% on July 2020.

Given the lengthy lockdown in Greater Sydney, and spot lockdowns in Melbourne and other cities that continue to affect small-business trading, Ord Minnett regards the Weekly TV, hovering the $0.5bn range, as robust.

The broker expects a quick recovery following a reopening, similar to that observed in 2020, and believes this could be more pronounced if it coincides with the lead-in to the December shopping period.

The Buy rating and $4.50 target are unchanged."

Thank you for the good comments here. I wonder if anyone have thoughts about Tyro being a takeover target in this fast-consolidating industry. Its captive market has to be very appealing to players in the payments industry.