Thoughts on Investing in TYRO payments

Remember DYORTYR currently trading roughly $0.30 above the 50 day Moving average and -0.50 decrease in shorts being placed over a weekly change, with signs showing this will continue to decrease. The most valuable competitive advantage I like is that TYR offers cheaper rates then their competitors (Monthly rental at $29 for countertop Eftpos, $39 for Mobile Eftpos). Accepting a diverse range of payment types such as ApplePay, American Express, Samsung pay and Google Pay, however aiming to increase this range with new forms of payments being released. Therefore helping and tailoring towards small to medium size businesses. Their rates are offered in monthly payments which provides somewhat of a sticky customer base which can assist in customers returning to use the product.TYR is the fifth biggest Merchant for eftpos payments and eCommerce, trailing behind the four big banks, however is very close to catch Westpac and ANZ. Ranked 17th in the Info Tech sector and a near perfect Balance-Sheet. It’s competitive advantage is that the company provides cheaper rates per month then it’s competitors and is continually developing its Technology (Tyro connect and payment applications) to continue to grow with the ever-changing business environment.• Record 36,720 merchants choosing Tyro as their payment - up 13% (H1 FY20: 32,450)•Record $12.1B in transactions - up 10% (H1 FY20: $11.1B)•Record Gross Profit $54.3M - Up 16% (H1 FY: $46.8M)•EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) $8.5M UP 464% (H1 FY2020: 1.5M)With Major Westfield shopping centres signed up to use TYRO payments and Apps such as Google, Doordash and Deliveroo signed up to Tyro Connect. Further growth is possible and is definitely a space to watch this year.JP Morgan price target of $5~ Price of posting ($3.175) ~