Trade Me could be sold ...

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danielparker

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#2131198 21-Nov-2018 16:40

My attempt.. Done Deal.. 2001, before any of the list above.

https://web.archive.org/web/20010712003302/http://www.donedeal.co.nz:80/

We had a good go at it but could never get enough momentum.

Daniel

loceff13

1065 posts

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#2131208 21-Nov-2018 17:21

Coil:

Was hoping I would read that Ebay is buying it so it gets disbanded and Ebay launches here.

If you look at Ebay's pricing structure we are actually better off with TM as sellers.

mattwnz

20141 posts

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#2131235 21-Nov-2018 18:01

A company like Spark potentially could setup something to compete against it with their big database. They effectively have done it with lightbox to a small degree and winning the rights to some rugby etc. But it needs a lot of investment.

mattwnz

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#2131236 21-Nov-2018 18:03

tehgerbil:

I really wish there was a decent competitor to Trademe. They all failed, some in a most epic fashion.

Allgoods

Wheedle

ListSellTrade

SellShed

Geta

Any I've missed? Haha..

Yes, Zillion which think one of the better competitors for a while, and I think it then got taken over. I believe the people behind it shifted their focus to Mighty Ape, which seems quite successful.

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#2131274 21-Nov-2018 20:08

Per the 2018 financial accounts, only 28% of their revenue came from General Items which is listing fees, success fees, and add ons.

56% of their revenue is from Classifieds - listing fees for Motors, Property and Jobs.

The rest is from advertising, payment gateways (Ping), insurance, dating etc...

If there was any serious competition in the general items space, TM could afford to drop the fees until the competition runs out of money. It will be incredibly hard for a competitor to compete in the property market which I suspect is their highest income earner. Jobs will be tricky too as there already is some strong competition.

unowho08

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#2131304 21-Nov-2018 21:37

mattwnz:

tehgerbil:

I really wish there was a decent competitor to Trademe. They all failed, some in a most epic fashion.

Allgoods

Wheedle

ListSellTrade

SellShed

Geta

Any I've missed? Haha..

Yes, Zillion which think one of the better competitors for a while, and I think it then got taken over. I believe the people behind it shifted their focus to Mighty Ape, which seems quite successful.

And Sella.co.nz, who acquired Zillion.

blakamin

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#2131349 21-Nov-2018 23:01

loceff13:

Coil:

Was hoping I would read that Ebay is buying it so it gets disbanded and Ebay launches here.

If you look at Ebay's pricing structure we are actually better off with TM as sellers.

Unless you're a permanent seller, you want Gumtree. Can't beat free (and they're owned by ebay).

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sonyxperiageek

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#2131360 21-Nov-2018 23:42

What about their Sister companies such as Harmoney etc? Will they get bought out in the process too?

Sony

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#2131463 22-Nov-2018 07:26

sonyxperiageek:

What about their Sister companies such as Harmoney etc? Will they get bought out in the process too?

TM don't own Harmoney. From memory they only have a 15% share in the company (Heartland Bank and others also own shares).

Any potential new owner of TM will therefore own the shares in Harmoney.

elpenguino

3419 posts

Uber Geek

#2132099 22-Nov-2018 18:12

Sounds like someone has asked trademe for a 'buy now'. In my experience, those are the ones that never actually click 'buy now'.

Most of the posters in this thread are just like chimpanzees on MDMA, full of feelings of bonhomie, joy, and optimism. Fred99 8/4/21

freitasm

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#2140417 6-Dec-2018 10:23

A higher offer made to Trade Me.

A second bidder has emerged for Trade Me, with United States private equity firm Hellman & Friedman saying it might pay $6.45 a share for the firm.

Trade Me shares jumped 3 per cent to a new record high of $6.24 shortly after the announcement.

The offer – if confirmed – would trump another "preliminary, non-binding" cash offer for Trade Me made by British firm Apax Partners last month at $6.40 a share.

wellygary

8312 posts

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#2140469 6-Dec-2018 11:54

freitasm:

A higher offer made to Trade Me.

A second bidder has emerged for Trade Me, with United States private equity firm Hellman & Friedman saying it might pay $6.45 a share for the firm.

Trade Me shares jumped 3 per cent to a new record high of $6.24 shortly after the announcement.

The offer – if confirmed – would trump another "preliminary, non-binding" cash offer for Trade Me made by British firm Apax Partners last month at $6.40 a share.

Now granted my maths is a bit old, but 5c on a $6.40 offer price is a less than 1% difference..

someone needs a dose of Darryl Kerrigan

loceff13

1065 posts

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#2141357 7-Dec-2018 23:04

Reading the earlier comments about hoping Ebay buys it you need to look at Ebays fees, in most categories they are higher than TM. Only upside to Ebay I see is their discounts/rebates offered on purchases(but typically the australian stores increase their prices beforehand).

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