Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Batman

Mad Scientist
27808 posts

Uber Geek

Trusted
Lifetime subscriber

#242949 21-Nov-2018 10:31
Send private message

Watch this space, someone from the UK has made an offer to buy now.




Involuntary autocorrect in operation on mobile device. Apologies in advance.


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
Affiliate link
 
 
 

Affiliate link: Find your next Lenovo laptop, desktop, workstation or tablet now.
MikeB4
17086 posts

Uber Geek

ID Verified
Trusted
Subscriber

  #2130882 21-Nov-2018 10:33
Send private message

An equity company Apax Partners is making a bid for it. That will probably kill Trademe.


Coil
6614 posts

Uber Geek
Inactive user


  #2130884 21-Nov-2018 10:40
Send private message

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


Aredwood
3885 posts

Uber Geek


  #2130940 21-Nov-2018 11:35

Interesting that private equity sees value in Trademe. Maybe they will do a pump and dump like what happened to DSE.

NBR article about the possible sale.

https://www.nbr.co.nz/story/shares-jump-trade-me-confirms-25b-takeover-bid

It is only a conditional offer at the moment. But Apex Parters have been granted access to do due diligence on Trademe before making a firm offer.







tehgerbil
932 posts

Ultimate Geek

ID Verified
Subscriber

  #2131032 21-Nov-2018 12:31
Send private message

Are Trademe worth that much more than the sum of their customer base?

 

I suspect the fees could climb higher without too much backlash, at least enough for a net gain in the short term. They're relatively untouchable in NZ's eCommerce circle.


tripp
3672 posts

Uber Geek

Trusted
Lifetime subscriber

  #2131046 21-Nov-2018 12:51
Send private message

I would say its a pump and dump. Buy it, sit on it for 3 - 5 years will stripping assets out and cutting costs, paint great picture for relist to stock exchange, run away.


jpoc
1031 posts

Uber Geek


  #2131063 21-Nov-2018 13:17
Send private message

I have had some experience with Apax. I was a freelancer at a European company that they bought and subsequently sold.

 

Their business model is buying companies, doing a bit of a renno job and then selling them on.

 

If they are going to make a firm offer for trademe, you can be certain that they will already have a strategy for how they would eventually sell the business a few years down the line.

 

They do not seem to make a habit of relisting companies on the share markets, normally they just go for a trade sale to an existing player.

 

It is also possible that they may turn out to be a bit of a stalking horse and their offer flushes out interest from Amazon, Alibaba or Ebay.


langi27
564 posts

Ultimate Geek


  #2131106 21-Nov-2018 13:41
Send private message

Have been using marketplace and aliexpress mainly, Trademe barely gets my atten anymore. Sold a car on Marketplace within 48hours, no fees and got what I wanted. I'll keep the $50 listing fee thanks very much.  




Geektastic
16725 posts

Uber Geek

Trusted
Lifetime subscriber

  #2131130 21-Nov-2018 14:27
Send private message

tehgerbil:

 

Are Trademe worth that much more than the sum of their customer base?

 

I suspect the fees could climb higher without too much backlash, at least enough for a net gain in the short term. They're relatively untouchable in NZ's eCommerce circle.

 

 

 

 

The fees are already very high for some sale methods. My wife sold a phone and the buyer used Afterpay. With that and the TM fees it cost her almost $60 to sell a $700 phone.






Batman

Mad Scientist
27808 posts

Uber Geek

Trusted
Lifetime subscriber

  #2131131 21-Nov-2018 14:28
Send private message

marketplace as in facebook?





Involuntary autocorrect in operation on mobile device. Apologies in advance.


engedib
250 posts

Master Geek


  #2131135 21-Nov-2018 14:30
Send private message

Geektastic:

 

tehgerbil:

 

Are Trademe worth that much more than the sum of their customer base?

 

I suspect the fees could climb higher without too much backlash, at least enough for a net gain in the short term. They're relatively untouchable in NZ's eCommerce circle.

 

 

 

 

The fees are already very high for some sale methods. My wife sold a phone and the buyer used Afterpay. With that and the TM fees it cost her almost $60 to sell a $700 phone.

 

 

 

 

Yeah, just started selling a fair bit of stuff on Trademe in the last few weeks and agree, the fees are just crazy.

 

 


Coil
6614 posts

Uber Geek
Inactive user


  #2131139 21-Nov-2018 14:34
Send private message

Batman:

 

marketplace as in facebook?

 

 

 

 

Yes. This message is directed at everyone: DO NOT BUY ANYTHING FROM THAT MARKETPLACE UNLESS ITS A FACE TO FACE TRANSACTION. DO NOT EXCHANGE GOODS WITH PARTIAL PAYMENT


langi27
564 posts

Ultimate Geek


  #2131152 21-Nov-2018 15:01
Send private message

agree, unless I can pay on pick up i'm not paying for stuff sight unseen. although most people that get burnt often let the whole group know they have been ripped off. makes for entertaining reading. 


Dial111
938 posts

Ultimate Geek


  #2131156 21-Nov-2018 15:08
Send private message

You’ve got to be a few cans short of a six pack if you’re buying things off FB cash up front before collecting.


tehgerbil
932 posts

Ultimate Geek

ID Verified
Subscriber

  #2131193 21-Nov-2018 16:19
Send private message

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..


msreef
88 posts

Master Geek
Inactive user


  #2131194 21-Nov-2018 16:25
Send private message

Pretty tough to crack the buy/sell market unless you already have an established customer base.

 

Few buyers will visit your site unless you have a large range of goods across different groups
Whilst at the same time unless you a large customer base few sellers will be bothered to list.


 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic





News and reviews »

D-Link G415 4G Smart Router Review
Posted 27-Jun-2022 17:24


New Zealand Video Game Sales Reaches $540 Million
Posted 26-Jun-2022 14:49


Github Copilot Generally Available to All Developers
Posted 26-Jun-2022 14:37


Logitech G Introduces the New Astro A10 Headset
Posted 26-Jun-2022 14:20


Fitbit introduces Sleep Profiles
Posted 26-Jun-2022 14:11


Synology Introduces FlashStation FS3410
Posted 26-Jun-2022 14:04


Intel Arc A380 Graphics First Available in China
Posted 15-Jun-2022 17:08


JBL Introduces PartyBox Encore Essential Speaker
Posted 15-Jun-2022 17:05


New TVNZ+ streaming brand launches
Posted 13-Jun-2022 08:35


Chromecast With Google TV Review
Posted 10-Jun-2022 17:10


Xbox Gaming on Your Samsung Smart TV No Console Required
Posted 10-Jun-2022 00:01


Xbox Cloud Gaming Now Available in New Zealand
Posted 10-Jun-2022 00:01


HP Envy Inspire 7900e Review
Posted 9-Jun-2022 20:31


Philips Hue Starter Kit Review
Posted 4-Jun-2022 11:10


Sony Expands Its Wireless Speaker X-series Range
Posted 4-Jun-2022 10:25









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.