Some chunky fee increases are being reported in the herald. Especially affecting over-$500 sales.
7.9% commission !!
It'll be interesting how this pans out considering the attempt to increase fees in the property arena didn't go so smoothly
I read with interest today that NZME (the old APN) is in a brand war with TradeMe over the use of the word "me".
There has bee no shortage of companies trying to brand "me" as a suffix on their name, but mostly they've been small companies. Surprising that APN/NZME would embrace the branding of its opposition, though maybe things are really bad at the digital division of the Herald and they'll try anything to catch up.
Let's face it, Briscoes would never dream of saying they are "where you will also get a bargain', or that Toyota would release a car called "Polo"
mostly.... but revenue up 9% so the business still has growth, which shouldn't be underestimated given the potential incursions on their space.
But yes they do need to convert this more into similar levels of profit growth.
it seems to me that the market gets very nervous before TME announcements as if they are expecting the bottom to suddenly fall out of the auction site business. Following confirmation that things are steady everyone gets excited again.
High beta I guess
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Originally Posted by LAC
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