Here’s why these stocks are in discussion- WHC, EVN, TYR.

Key Takeaways:

• ASX 200 ended up on 24 November 2022. A-REIT and Information Technology were the top gainers.
• ASX 200 was driven by geopolitical reasons as well as the performance of the players within the index.
• WHC, EVN, and TYR grabbed investor attention during the day.

ASX 200 closed up on Thursday, 24 November 2022. The index delivered a negative return of 2.13%. However, in the last one month, the index delivered a return of 9.02%. Over the last five days, the index has gained 1.49% but is down 2.72% for the previous year to date.

Do Read: ASX 200 Ended Higher By 0.14%; Buoyed By A-REIT and Tech Sectors

While the impact of the geopolitical factors on the sector performance grabbed investor attention, the recent announcements from some ASX-listed players also gained huge market attention.

This article will discuss some of these stocks and cover the announcement released.

Whitehaven Coal Limited (ASX:WHC)

Coal mining and exploration company Whitehaven Coal Limited (ASX:WHC) was in a discussion on 24 November 2022 after the news came that the Company’s Managing Director and CEO, Paul Flynn sold 900,000 shares in the Company due to his personal reasons. It was also highlighted that Mr Flynn sold his shares to satisfy personal tax obligations arising from the issue of shares under the Company’s Equity Incentive Plan.

Following the update on the sale of shares, WHC shares dropped 6.652% and settled at AU$8.980. 

WHC stock also gained attention this month after the Company lowered its FY2023 ROM coal production guidance.

Evolution Mining Limited (ASX:EVN)

The gold mining company Evolution Mining Limited (ASX:EVN) shares moved up today after the Company released an update related to the new drillholes as a part of its ongoing Ernest Henry exploration program.

Tyro Payments Limited (ASX:TYR)

Tyro Payments Limited (ASX:TYR) was in the discussion for two reasons. The first is the update that the Company’s chairperson David Thodey resigned from the Board to take up new opportunities. David will continue as Chair until Fiona formally takes over following Tyro’s half-year results at the end of February 2023, which will confirm a smooth transition.

Another reason Tyro was in the discussion was because of its trading update. The Company highlighted that it delivered strong results with 37% growth in FY2022 despite the impact of COVID-19. The merchant base increased by 10% and TYR’s core business, excluding Bendigo, grew by 16%.

In the first four months of FY2023, TYR averaged 1,440 new merchant applications per month, bringing the total merchant count to 67,205. It achieved loan originations of AU$48.7 million, up 137% compared to the previous corresponding period.

At a Group level, gross profit year-to-date 31 October 2022 increased 57% to AU$61.9 million.

Stock Information (24 November 2022):

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