|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.33 - 38.93|
|52 Week Range||33.15 - 53.13|
|Beta (5Y Monthly)||0.42|
|PE Ratio (TTM)||16.05|
|Forward Dividend & Yield||0.07 (0.19%)|
|Ex-Dividend Date||Nov 25, 2020|
|1y Target Est||N/A|
JOHANNESBURG (Reuters) -Technology investor Prosus will pay up to $144 million in transaction fees when it buys a block of parent company Naspers' shares, according to a document submitted to stock exchanges on July 12, prompting criticism from some investors. The fees total more than Prosus' free cashflow for the year ended March 31, and are almost three times more than Naspers paid in 2019 to list Prosus on the Amsterdam Stock Exchange. Prosus was spun out of Naspers in 2019 to hold the South African group's international assets, including its 29% stake in Chinese tech giant Tencent.
In this article, we will take a look at the 10 best African stocks to invest in. You can skip our detailed analysis of these companies, and go directly to the 5 Best African Stocks to Invest In. Africa, the world’s second-largest continent, has become one of the most appealing developing countries in recent years, […]
AMSTERDAM/JOHANNESBURG (Reuters) -Prosus, Europe's answer to SoftBank and its Vision Fund, is betting that its long-term investments can fill a yawning valuation gap and give it the same name recognition as one of the world's most aggressive technology investors. Based in the Netherlands, Prosus was spun out of South Africa's Naspers in 2019 with a mandate to manage the spoils of a $32 million bet on China's Tencent, now worth $200 billion, on a 30-year investment horizon. Japanese giant SoftBank's own firepower is backstopped by its stake in Alibaba, which has its origins in CEO Masayoshi Son's $20 million investment in the Chinese e-commerce firm.