From another forum
Fairfax recently sold down its 51 % stake to instos at $3.05 a share
Fy13: EBIT forecast of approximately $57m - $62m
P.E : 18.5( FY14)
Makes it look cheap when compared to other online businesses
Carsales (CRZ) : PE 26
realestate ( REA) : PE 31
Seek (SEK): PE 23
On the house (OTH) : 29.58
Wotif (WTF) : 19
Reports half year on 20th Feb so should provide some sort of catalyst either up or down.
Pretty much dominates online business's space in NZ .
Now ACCC - didnt allow the trading post sale to car sales - so the intent to merge / acquire etc is there but maybe the right deal is not coming up. TME could provide a solution as its business is based predominantly in NZ
http://www.afr.com/p/business/companies/carsales_proposed_trading_post_buy_u2JbIR752DpOAJ2dGeo6pM
Stock is tightly held , interesting times ahead. Just been included in NZ 10 - dont have any idea how the NZ markets work , but assuming this will have index buying ?
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- added to nzx 10 index
From another forum Fairfax recently sold down its 51 % stake to...
Currently unlisted. Proposed listing date: 16 SEPTEMBER 2024 #
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