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What price will Trade Me shares end their first day of trading at?

December 13, 2011 - 08:12am, Bernard Hickey
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5 Comments

by Bernard Hickey | 13 Dec 11, 8:47am

FYI from Woodward Research

FYI from Woodward Research saying TradeMe worth NZ$2.54/shr

http://www.woodwardresearch.co.nz/pdf/Woodward-Research-Trade-me-2011112...

cheers

Bernard

by PJK | 13 Dec 11, 11:22am

I expect to see the Trademe

I expect to see the Trademe price at 2.85 to 3.00 for the first six months - as there has been a lot of hype and there will be pent up demand.

But as it becomes clear that the business is mature - and dividend streams will not grow quickly I expect the share to lose it's premium P/E rating and drop to 2.25 to 2.50 which can probably be justified on existing business. 

by Bernard Hickey | 13 Dec 11, 11:32am

FYI Trade Me shares trading

FYI Trade Me shares trading at NZ$2.78 (8 cents above IPO price) after half an hour of trade.

More details here.

https://nzx.com/markets/NZSX/securities/TME?icharts=true

cheers

Bernard

by Wolly | 13 Dec 11, 11:44am

 "Our view is Trade Me has

 "Our view is Trade Me has reached a stage of maturity,

characterised by modest future revenue growth." Woodward research

by PJK | 13 Dec 11, 11:33am

login and you'll see it's

login and you'll see it's 283/284 (without 20 minute delay)