What does Trade Me Group Ltd’s latest purchase mean for investors?

By Greg Elisara. Posted 12 January 2015.

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.