NPSNY - Naspers Limited

Other OTC - Other OTC Delayed Price. Currency in USD
30.49
-0.14 (-0.46%)
At close: 3:59PM EDT
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Previous Close30.63
Open30.55
Bid0.00 x 0
Ask0.00 x 0
Day's Range30.36 - 30.61
52 Week Range22.09 - 35.61
Volume377,367
Avg. Volume621,000
Market Cap65.102B
Beta (3Y Monthly)1.31
PE Ratio (TTM)9.65
EPS (TTM)3.16
Earnings DateN/A
Forward Dividend & Yield0.10 (0.32%)
Ex-Dividend Date2019-09-12
1y Target EstN/A
Trade prices are not sourced from all markets
  • Naspers CEO Says Prosus Dutch Listing to Facilitate Growth Wave
    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."

  • 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.

  • Naspers's Prosus Unit Divides Investment Bank Opinions
    Bloomberg

    Naspers's Prosus Unit Divides Investment Bank Opinions

    (Bloomberg) -- Prosus NV, which listed in Amsterdam just last week, is splitting opinion among the first investment banks to cover the stock.While Jefferies rates the Naspers Ltd. tech-investments unit underperform, Bank of America Merrill Lynch recommends that investors buy the stock.Jefferies began coverage of Prosus, which owns a 31% stake in Chinese tech giant Tencent Holdings Ltd., with a price target of 61 euros, implying a downside of around 16% from current levels.Analyst Ken Rumph wrote in a note that there is “frustration” that while Naspers and Prosus have been good investors, there has been no return of any gains. While unattractive operations were spun off and the Dutch listing accessed more passive capital, the e-commerce disclosure remains “thin” for a public company, Rumph also said. He expects Prosus’s net asset value to be largely driven by Tencent.“After current index flows, we expect Prosus to trade back toward a wider discount as active investors realize they have an ambitious patient capital investor, not a value-maximizing wind-up on their hands,” he wrote in a note.Bank of America Merrill Lynch analyst Cesar Tiron is more optimistic, with his 97-euro price objective implying potential upside of 33%. Prosus offers exposure to “best-in-class” emerging-market internet assets, he wrote in a note.Cape Town-based Naspers carved out Prosus for a separate listing to attract a more global investor base and realize more value, while weakening the group’s dominance over the Johannesburg stock exchange.Prosus shares fell as much as 2.1% Monday and traded at 72.97 euros as of 12:47 p.m. Amsterdam time, with the retreat taking them 4% below their 76 euros debut level last Wednesday.Last week, Spin-Off Research began its coverage of Prosus with a buy rating and 99 euros price target.(Updates to add BofAML rating and analyst comments.)To contact the reporter on this story: Kit Rees in London at krees1@bloomberg.netTo contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, John Viljoen, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Naspers spin-off Prosus surges 25% on Amsterdam market debut
    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.

  • Naspers spin-off Prosus surges 25% on market debut in Amsterdam
    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.

  • Naspers takes Tencent stake out of Africa with Prosus listing
    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.

  • The CEO of Naspers -- one of the world's most powerful and lowest-flying investment firms -- is coming to Disrupt
    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.

  • Moody's

    Tencent Holdings Limited -- Moody's: Tencent's steady 1H 2019 results do not affect its ratings or outlook

    Moody's Investors Service says that Tencent Holdings Limited's (A1 stable) first half (1H) 2019 results were broadly in line with Moody's expectations and do not affect the company's A1 issuer or senior unsecured ratings, or the stable outlook on the ratings. "We expect that Tencent will continue to benefit from revenue diversification and generate positive free cash flow to support its investment needs over the next 12-18 months, while maintaining prudent financial discipline and a credit profile commensurate with its A1 ratings, " says Lina Choi, a Moody's Senior Vice President.

  • Reuters

    Indian e-commerce platform Meesho raises $125 million in Naspers-led funding

    Indian digital platform Meesho has raised $125 million in its latest funding round, led by South African internet group Naspers, the e-commerce start-up said on Monday. Cape Town-based Naspers is in the midst of deploying a close to $10 billion war chest to scale up its e-commerce ventures and make new investments in online classifieds, payments and food delivery platforms. U.S. tech giant Facebook also took part in the funding round, together with existing Meesho investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway.

  • Reuters

    Indian e-commerce platform Meesho raises $125 mln in Naspers-led funding

    Indian digital platform Meesho has raised $125 million in its latest funding round, led by South African internet group Naspers, the e-commerce start-up said on Monday. Cape Town-based Naspers is in the midst of deploying a close to $10 billion war chest to scale up its e-commerce ventures and make new investments in online classifieds, payments and food delivery platforms. U.S. tech giant Facebook also took part in the funding round, together with existing Meesho investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway.

  • Moody's

    Tencent Holdings Limited -- Moody's: Tencent's rating unaffected by potential investment in Universal Music Group

    Moody's Investors Service says that Tencent Holdings Limited's (A1 stable) potential investment of a 10% stake in Universal Music Group (UMG) at a preliminary valuation of E3 billion will not immediately impact Tencent's A1 issuer and senior unsecured ratings, or the stable ratings outlook. "Although the investment -- if completed -- is sizable, we do not expect it will affect Tencent's strong credit profile, in view of the company's strong operating cash flow and track record of prudent financial management," says Lina Choi, a Moody's Senior Vice President.