Fairfax dropping Trade Me to pay off debt

Fairfax dropping Trade Me to pay off debt

The decision to sell its remaining 51% stake in New Zealand online auction site Trade Me was a sad indictment on the state of Australian publisher Fairfax Media, Craigs Investment Partners broker Chris Timms said yesterday.

Trade Me investors rewarded

Trade Me investors were yesterday rewarded with a higher-than-forecast dividend, but some still abandoned the company, believing the increased profit was not good enough.

Shares in auction company start well

TradeMe shares debuted successfully on the New Zealand and Australian sharemarkets yesterday, offering a 5c premium to the $2.70 issue price on opening, and then racing briefly to $2.93.

Trade Me defensive growth stock

Trade Me defensive growth stock

The much-anticipated float of online auction company Trade Me is likely to come before Christmas with up to $500 million worth of shares expected to be offered to investors.

TradeMe share sale in offing

Fairfax Media is preparing for a sale of between 30 and 35 percent of online auction website TradeMe in an initial public offering (IPO).

TradeMe seller fined for 'ghost' bidding

An online car dealer which placed bids on its own TradeMe auctions to artificially raise prices has been fined $45,000 for breaching the Fair Trading Act.

Partial float seen as most likely option for TradeMe

A partial float of the Trade Me online auction business on NZX seems the most likely outcome of a review of the business by owners Fairfax Media, analysts say.

Internet trading site scam prompts warning

Internet trading site scam prompts warning

Scammers are targeting the internet trading website TradeMe by copying listed items and marketing them on different websites, duping one unsuspecting woman of $750.

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