NAPRF - Naspers Limited
| Previous Close | 136.25 |
| Open | 136.45 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 136.45 - 136.45 |
| 52 Week Range | 136.25 - 261.20 |
| Volume | 7 |
| Avg. Volume | 1,271 |
| Market Cap | 60B |
| Beta (3Y Monthly) | 0.54 |
| PE Ratio (TTM) | 10.40 |
| EPS (TTM) | 13.12 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.49 (0.36%) |
| Ex-Dividend Date | 2019-09-11 |
| 1y Target Est | N/A |
- Barrons.com
Cash Is Usually King In M&A. Not for This Company.
When it comes to M&A, cash is usually king. Not so for Just Eat which on Tuesday rejected an improved offer from Prosus saying the new bid still “significantly undervalued” the U.K. food delivery company.
- Financial Times
Just Eat rejects sweetened Naspers takeover bid
Just Eat has rejected a fresh attempt by South Africa’s Naspers to disrupt the food delivery group’s planned tie-up with Takeaway.com, saying the sweetened offer “significantly undervalues” the company. Prosus on Monday boosted its cash offer for Just Eat by 30p a share to 740p following “extensive discussions” with Just Eat investors.
- Financial Times
Opening Quote: Naspers takes another bite at Just Eat
Prosus, Naspers’ Dutch-listed arm, has raised its cash offer for Just Eat from 710p to 740p. Prosus’ 710p offer, launched months after Just Eat and Takeaway.com agreed a tie-up, was not going to get the deal done. Aberdeen Standard Investments, Just Eat’s fifth-largest shareholder, reckoned then that Prosus needed to bump up its offer by 20 per cent to be deemed attractive.
- Financial Times
Naspers boosts offer for Just Eat to £5bn as it seeks to clinch deal
Naspers boosted its cash bid to take over Just Eat to just over £5bn, escalating a battle with Takeaway.com to win over the food delivery company’s shareholders. Prosus, the South African internet conglomerate’s Dutch-listed international investment unit, said on Monday that it had raised its offer by 30p a share to 740p following “extensive discussions” with Just Eat investors. Prosus launched a hostile bid for the London-listed group in October after Takeaway unveiled an all-share offer that valued Just Eat at 594p per share.
- Reuters
First-half profit at South Africa's Naspers almost halves
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China's Tencent. Founded more than 100 years ago, Naspers has transformed itself from a newspaper publisher into an empire worth almost $70 billion, with its 31% stake in Tencent the jewel in its crown. Naspers said earlier this week its profits could fall by up to 53.6% after a reduction in fair value gains on investments held by Tencent from $1.4 billion in 2018 to $400 million this year.
- Barrons.com
Emerging Market Funds Try to Sidestep China
Investors increasingly are navigating around the 800-pound panda. It isn’t easy, but it can pay off by minimizing the fallout from the trade war. Finding opportunities in Southeast and South Asia, Latin America, and even Russia and Eastern Europe.
- Reuters
Naspers spin-off Prosus surges 25% on Amsterdam market debut
Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of Europe's largest internet companies. Prosus comprises South African group Naspers' global empire of consumer internet assets, including the stake in Tencent, the world's biggest video game company and home to China's hugely popular WeChat social media platform. "We've become so big that further growth of our company on the JSE (Johannesburg Stock Exchange) would be difficult," Naspers CEO Bob van Dijk told reporters after the listing, which values Prosus at more than $100 billion.
- Reuters
Naspers spin-off Prosus surges 25% on market debut in Amsterdam
Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. There is "way more demand than is even available, so that’s good," said the CEO of Euronext Amsterdam, Maurice van Tilburg.
- Bloomberg
Naspers CEO Says Prosus Dutch Listing to Facilitate Growth Wave
Sep.11 -- Naspers Ltd. Chief Executive Officer Bob van Dijk discusses the company's new Dutch listing Prosus NV in an interview in "Bloomberg Markets: European Open."
