Trade Me (TME)

[tim23]

Maybe the good result is the reason the stock has been re-rated, maybe its that simple?

[Glendoonie]

Has TME been re-rated? Alot of those announcements bypass me. That's why I use TA (cough cough) because I lke the idea of a past trend being a predicter of future results. It seems so simpe on the face of it, but it's not a 100% guarantee for me.

The only 100% guarantees are death and taxation

[tim23]

How else do you explain a 25% rise (from $3.00 to $3.75) in the last 5 weeks, their result occurred during that time.

[IAK]

http://www.stuff.co.nz/business/indu...rn-to-Trade-Me

[tim23]

Amazing silence on the recent rise in share price in a falling market?

[modandm]

I'm pleased that my investment case is starting to play out, but unfortunately I was too early into this one, buying at $3.50 12-18m ago. Anyone buying a month ago timed it perfectly...

Still I expect it to re-rate nicely in coming 12m.

In the current low return world environment what PE would you put on a high quality business with a 5% dividend, no debt, and solid 8-12% growth, supported by sustainable high single digit revenue growth. Personally 20x forward at least. Remember debt laded AIA trades on 30x...

20x21 = $4.20.

A nice low risk, growth and income stock. Forget the bleaters and consumer advocates on these boards.

Looks like I called it perfectly so just here for my victory lap

[Bobdn]

Well done to you modandam. I sold some today at $4.15. Was a depressing day for just about everything else I owned so needed cheering up. Will keep what I've got left.

[Bobdn]

Two year high today! Amazing to think that this stock was just $3.04 just 5 months ago. Don't you just love markets?

[IAK]

Looks like I called it perfectly so just here for my victory lap

Good call modandm.
Disc. Happy holder.

[Arbroath]

Two year high today! Amazing to think that this stock was just $3.04 just 5 months ago. Don't you just love markets?

Crazy. In August the talk from brokers was of no growth for TME but I bought at $3.15-3.20. No doubt some broker will put a nice price target on them and talk a good story - but it's gone up $1 since the negative talk. Equity value is up $400m.
Valuation wise I'd say $4.20-4.50 it's at least a reduce. Good business but not strong growth or ex-growth, just 3-4% etc.