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 0.6755 -0.0077 -1.13%
AUD 0.8818 -0.0088 -0.99%
EUR 0.6102 0.0006 0.10%
GBP 0.4319 -0.0028 -0.64%
HKD 5.2358 -0.0608 -1.15%
JPY 83.1550 -0.6990 -0.83%

Commods

Commodity Price Change Time
Gold Index 1171.5 -7.520 2015-06-30T00:
Oil Brent 63.6 -1.280 2015-06-30T00:
Oil Nymex 59.5 1.120 2015-06-30T00:
Silver Index 15.6 -0.079 2015-06-30T00:

Indices

Symbol Open High Last %
NZX 50 5727.0 5794.4 5727.0 1.18%
NASDAQ 5029.1 5038.6 4986.9 0.57%
DAX 11050.3 11283.8 10945.0 1.92%
DJI 17638.1 17801.8 17619.5 0.67%
FTSE 6521.0 6637.3 6521.0 1.24%
HKSE 25944.0 26470.4 25967.0 1.09%
NI225 20291.0 20346.7 20235.7 0.46%