At the moment, TME is probably my most heavily weighted stock in my portfolio. It is sitting at around 20% so I have backed it up quite a bit. Although, I must point out that I am still quite into cash at the moment depending how this Asia/Greece thing plays out, I may load up if we have another GFC-like moment. I agree with you regarding TME going outside of just realestate. I thought to myself, why dont Carsales/Seek try capitalise in NZ? I then realised that Trade Me has really developed the baseline and it would be to risky for Carsales/Seek to jump into NZ with TME growing so fast. Without having strong accounting skills, I can only assume as New Zealand's population grows over the next decade, TME should grow with it as long as TME continue to invest in R&D and give the customers what they want (they have done a great job of this thus far).
I think your on the money regarding the FY Sales. The NZ market has indeed done very well, from my notes, they have performed better than Australia. I believe the FY accounts should be out in August some time. The great thing about TME, imo of course, is that it is quite a defensive stock regardless of the economic climate. Even during market corrections, people seek the need to sell houses, cars, and seek employment. As I previously mentioned, this is exactly why I dedicated such a large % of my overall portfolio to TME given its ability to get through difficult economic times as compared to say RIO/BHP and almost had commodity stock for that matter.
Of course I agree. At the end of the day this is why we invest. We want companies who are actually making money (well most of us anyway, unless your a penny stock punter). I am confident they can increase their margins, particularly in a technological sector. My only concern regarding the market cap is the current vibe going on in the market.
Not at all, thanks for contributing. On balance, I think the market in general will take a hit. I believe I mentioned a few days ago if the TME share price does in fact tank, it would probably one of the best to take advantage of in my opinion.
Cheers
Respectfully,
Ka$h
- Forums
- ASX - By Stock
- TME
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-9
Currently unlisted. Proposed listing date: 16 SEPTEMBER 2024 #
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TME (ASX) to my watchlist
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online