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Carsales.Com Ltd or SEEK : Which should you buy?

News April 5, 2015

An interesting article was posted a couple of says ago:

Many people visit these websites every day. Possibly you have used them yourself or at least know of these two online businesses – Carsales.Com Ltd  and SEEK Limited. Each has risen strongly in recent years, becoming the market leaders in their fields.

They bypassed the traditional print media leaders like Fairfax Media Limited, which used to control the lion’s share of classified ads for new or used cars and job listings, and set up their own markets. Both are successful companies and attractive growth stocks.

Yet if you had to choose between the two stocks, which should buy? Which company could give you the better overall return over time?

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Carsales.com takes $10 million Deal for RateSetter

News April 5, 2015

Online classifieds giant Carsales.com and its majority-owned Stratton Finance are taking a $10 million equity stake in peer-to-peer RateSetter, in a deal intended to expand the disruptive form of lending to car-buyers.

RateSetter on Thursday announced that Stratton and its 50.1 per cent owner, Carsales, would buy a combined 20 per cent stake in the peer-to-peer (P2P) lender, which launched to customers late last year.

The deal will mean thousands of people a month seeking car finance will be directed to RateSetter’s online platform.

P2P lending involves investors lending their money directly to borrowers online, cutting out the need for a bank.

* Read

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