Tyro is looking to be my personal trade of the year in 2024

Tyro, the trade of the year 2024 for me, with $130,000 market value now 33% of my current portfolio.

Tyro Payments Limited (TYR) is a technology-focused and values-driven Group providing Australian businesses with payment solutions and value adding business banking products. The Group provides simple, flexible, and reliable payment solutions as a merchant acquirer, along with complementary business banking products.

H1 FY24: TYRO DELIVERS STRONG PROFITABILITY, WITH 40.6% EBITDA UPLIFT AND $105.2M GROSS PROFIT

• Gross profit increased 10.5% on H1 FY23 to $105.2 million.

• EBITDA increased 40.6% on H1 FY23 to $27.3 million, improving EBITDA margin by 5.6

ppt to 26%.

• Free cash flow increased 17.8x on H1 FY23 to $10.4 million.

• Transaction value increased 2.2% on H1 FY23 to $22.2 billion.

• Record results from Tyro Health with transaction value up 24% on H1 FY23.

The price action on 3 April 2024 may indicate that the share price of TYRO is stabilised or building a base around at $1 with more $10 million volumes, which is substantial higher than average volume with a group of people maybe do not wish it fall future. This is the time when I decided to make the trade.

This is most likely the trade of the year 2024 for me.