From another forum Fairfax recently sold down its 51 % stake to...

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 ?