Trade Me shares drift down

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.


1 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Umm that will be interesting.

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7123 -0.0071 -0.99%
AUD 0.9529 -0.0022 -0.23%
EUR 0.6412 0.0058 0.91%
GBP 0.5210 0.0275 5.57%
HKD 5.5299 -0.0521 -0.93%
JPY 72.9210 -2.4750 -3.28%

Commods

Commodity Price Change Time
Gold Index 1255.0 -10.920 2016-06-23T00:
Oil Brent 51.6 0.430 2016-06-23T00:
Oil Nymex 50.1 1.000 2016-06-23T00:
Silver Index 17.4 0.040 2016-06-23T00:

Indices

Symbol Open High Last %
NZX 50 6821.4 6853.1 6821.4 -2.25%
NASDAQ 4715.8 4798.2 4910.0 -4.12%
DAX 9237.6 9720.1 10257.0 -6.82%
DJI 17946.6 17946.6 18011.1 -3.39%
FTSE 6338.1 6338.6 6338.1 -3.15%
HKSE 20483.5 21034.2 20868.3 -2.92%
NI225 16333.9 16389.2 16238.4 -7.92%
ASX 5280.7 5325.4 5280.7 -3.17%