NAPRF - Naspers Limited
| Previous Close | 140.30 |
| Open | 136.75 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 136.75 - 136.75 |
| 52 Week Range | 136.75 - 261.20 |
| Volume | 120 |
| Avg. Volume | 1,320 |
| Market Cap | 60B |
| Beta (3Y Monthly) | 0.54 |
| PE Ratio (TTM) | 10.43 |
| 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 |
- 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."
- Financial Times
Naspers boosts offer for Just Eat as it seeks to clinch deal
Naspers boosted its cash bid to take over Just Eat to 740p per share, escalating a battle with Takeaway.com to win over the food delivery pioneer’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 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.
- Reuters
Factbox: Prosus, tech heavyweight with Tencent stake, to list in Amsterdam
* What is Prosus? Prosus, a Latin word that can be translated as "forwards", is a portfolio manager that invests in fast-growing consumer internet companies in developing nations. The new entity's biggest draw is the stake in conglomerate Tencent, the world's biggest videos game company, a social media platform to rival Facebook via its billion-user WeChat app, as well as a payments giant.
- Reuters
Naspers takes Tencent stake out of Africa with Prosus listing
South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent. The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker's prescient investment of just $34 million in Tencent when it was a startup in 2001, one of the most lucrative bets in corporate history. The stake in Tencent, the world's biggest videogame company and home to the hugely popular WeChat social media platform, is now worth $130 billion and has buttressed Naspers' rapid growth towards becoming Africa's most valuable listed company.
- TechCrunch
The CEO of Naspers -- one of the world's most powerful and lowest-flying investment firms -- is coming to Disrupt
In 2001, Naspers, a media company that launched in 1915 and later evolved into a media holding company with pay TV interests, agreed to invest $32 million for a 46.5% stake in Tencent. The China-based company had been founded just three years earlier, and, as Quartz notes in a 2014 story about the deal, Tencent wasn't a brand that many aside from users of its instant messaging platform, QQ, knew at the time. Of course, given Tencent's wild growth, it has largely come to define Naspers .
