Trade Me to meet prospectus dividend target for FY; shares fall

Tue, 30 Oct 2012

Oct. 30 (BusinessDesk) - Trade me, the auction site part owned by Fairfax Media, said it will meet its prospectus forecast for dividends in the second half of the year though a hoped-for economic upturn hasn’t materialised. The shares fell after investors looking for a more bullish outlook were disappointed. The Wellington-based company said its guidance for the final six months of calendar 2012 was unchanged both for dividends and earnings, from the prospectus last November. “Overall trading volumes are stable, but the broader economic uptu...

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