Trade Me shares drift down

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Trade Me shares drifted downward today. In late trading, the company [NZX:TME] was down 0.32% to $3.13.

A strong result, in line with prospectus targets, has been counter-balanced by concerns that Fairfax Media, which retains a 66% holding, might attempt to plunder Trade Me's balance sheet.

This afternoon, Fairfax recorded another challenging result with profit down 41%.

Trade Me listed on the NZX on Deceber 12, priced at $2.70.


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Umm that will be interesting.

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7359 0.0001 0.01%
AUD 0.9539 0.0007 0.07%
EUR 0.6784 -0.0003 -0.04%
GBP 0.4891 -0.0001 -0.02%
HKD 5.7099 0.0005 0.01%
JPY 88.8990 0.0010 0.00%

Commods

Commodity Price Change Time
Gold Index 1198.1 -1.940 2015-03-05T00:
Oil Brent 61.0 -0.700 2015-03-05T00:
Oil Nymex 52.5 -0.730 2015-03-05T00:
Silver Index 16.1 0.000 2015-03-05T00:

Indices

Symbol Open High Last %
NZX 50 5856.8 5903.6 5856.8 0.79%
NASDAQ 4967.2 4982.9 4982.8 -1.11%
DAX 11513.9 11600.4 11504.0 0.41%
DJI 18135.7 18135.7 18135.7 -1.54%
FTSE 6961.1 6961.2 6961.1 -0.71%
HKSE 24235.8 24294.4 24193.0 -0.12%
NI225 18814.8 18979.6 18751.8 1.17%