Trade Me (TME)

[peat]

7.6 cps dividend paid and price has now bounced back well over $4.00 with strong volume.

[sharer]

Do we think the recently floated Chinese behemoth AliBaba (in usa) might impact on TME in the near future ?

[warthog]

Thanks for the link Moosie. Interesting to get an Australian view of TME. Noted that one of their main concerns was the currency risk.

[macduffy]

Yes, interesting. But did the article somehow neglect to consider TUA's position in the on-line NZ car market? And thereby overestimate TME's dominant position?

[noodles]

Does anybody know the cause of the fall today?

[winner69]

Big boys playing games as usual. Tis a price to pay when the ASX is the lead listing unfortunately. Look at the charts and it's blatantly obvious.

Average volume on NZX is higher than ASX ... so who does lead the way

Didn't it go up the other day when some Aussies touted it big time ... maybe that buying over and make to normal transmission

Just a theory

[noodles]

I heard on the news mainfreight got dropped some some msci index. Perhaps the same thing happenned to trademe?

[winner69]

I heard on the news mainfreight got dropped some some msci index. Perhaps the same thing happenned to trademe?

TME not affected

Those who were were XRO in one and out of another / MFT out / and ATM and MELCA in

[modandm]

Does anybody know the cause of the fall today?

UBS downgraded the stock to a sell citing:

Daily browers down 6% yoy
Time on site down 41%
Real estate listings are now 65% of REINZ site with REINZ picking up audience
Market share vs seek has weakened
Unfavourable valuation comparisons vs eBay and other internet stock

Cutting FY15-16 EPS.

Looks like a good piece of research. And no I can't share it sorry.

[winner69]

long term chart looking distinctly sad

Some 30% of its high almost a year ago in what has been a pretty good market is not good

The big sell signal for longer term investor/traders was the death cross last October at 450 odd

An optimist would say currently range trading the 380/410 - heck might even stay in that range

Easy 7% for you there Moosie