What does Trade Me Group Ltd’s latest purchase mean for investors?
Online market place, auction house and employment conglomerate Trade Me Group Ltd (ASX: TME) has experienced a bit of a rollercoaster in the past few days, with shares leaping nearly 10% on positive New Zealand jobs data, before sinking 3% today on news of a 15% acquisition of Harmoney. Harmoney is New Zealand’s only licensed peer-to-peer (‘P2P’) lender, and presents an exciting alternative to low interest rate term deposits for investors.
