Trade Me downgraded

An ongoing surge in the share price means we’re back to Hold again.

Trade Me’s share price has continued to jump after we upgraded the stock again to Buy in Trade Me: Result 2016. With it now well above our $5.25 suggested Buy limit, we’re downgrading again to HOLD.

Note: Trade Me went ex a dividend of NZ$0.09 today (or NZ$0.10588235 for Australian shareholders).

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