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 0.7308 0.0008 0.11%
AUD 0.9338 -0.0007 -0.07%
EUR 0.6657 0.0014 0.21%
GBP 0.4724 0.0006 0.13%
HKD 5.6662 0.0073 0.13%
JPY 88.8370 0.0870 0.10%

Commods

Commodity Price Change Time
Gold Index 1204.0 -0.520 2015-05-22T00:
Oil Brent 65.9 1.310 2015-05-22T00:
Oil Nymex 59.7 -1.040 2015-05-22T00:
Silver Index 17.0 -0.081 2015-05-22T00:

Indices

Symbol Open High Last %
NZX 50 5776.0 5810.2 5776.0 0.33%
NASDAQ 5085.4 5103.8 5090.8 -0.03%
DAX 11881.5 11881.8 11864.6 -0.42%
DJI 18286.9 18286.9 18285.7 -0.29%
FTSE 7013.5 7061.7 7013.5 0.26%
HKSE 27723.7 28041.3 27523.7 1.70%
NI225 20331.9 20417.8 20264.4 0.74%