Strong revenue growth in classifieds and the divergence in growth between classifieds and market place has continued. As the classifieds grow, I would also argue the business quality of TME improves as a whole. Overall the result seems a good quality one and consequently I felt it was worth adding to my holdings at these levels. The revenue growth was particularly pleasing and with a strong balance sheet, mid single digit growth and 5% yield the investment appears attractive. Would be curious to hear what you think of the result @madamswer.
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Currently unlisted. Proposed listing date: 16 SEPTEMBER 2024 #
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