|Bid||13.85 x 800|
|Ask||14.10 x 1400|
|Day's Range||13.97 - 14.10|
|52 Week Range||11.96 - 14.45|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||24.41|
|Forward Dividend & Yield||0.49 (3.51%)|
|1y Target Est||N/A|
LSE: NPSN) after the listing of Naspers’ subsidiary, NewCo, on the Euronext Amsterdam (with a secondary listing on the JSE), which, as announced on 25 March 2019, is expected to be implemented no earlier than the second half of 2019. NewCo, a new global consumer internet group, will comprise all Naspers’ internet interests outside of South Africa.
Naspers Limited announced today an exchange of its interest in MakeMyTrip Limited for a 5.6% stake in Ctrip.com International Limited , a well-known provider of online travel and related services headquartered in China .
Moody's Investors Service has assigned an A1 senior unsecured rating to Tencent Holdings Limited's proposed medium-term notes drawn under its USD20 billion global MTN program. "The proposed notes will further enhance Tencent's already strong liquidity position, and enable it to sustain steady growth in revenue and cash flow," says Lina Choi, a Moody's Senior Vice President. "Moreover, the company has maintained its prudent financial discipline and maintain a solid credit profile while expanding its business profile.
Moody's Investors Service says that Tencent Holdings Limited's (A1 stable) 2018 results were in line with Moody's expectations and will 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 grow its revenue and cash flow through increasing business diversifications over the next 12-18 months, maintain its prudent financial discipline, and keep a credit profile commensurate with its A1 ratings," says Lina Choi, a Moody's Vice President and Senior Credit Officer.
Naspers to form a new group (“NewCo*”) comprising its international internet assets. NewCo to be listed on Euronext Amsterdam and also secondary, inward-listed on the Johannesburg Stock Exchange. NewCo likely to become the largest listed consumer internet group in Europe by asset value.
The talks between Uber and Bangalore-based Bundl Technologies Pvt, which owns the Swiggy brand, are progressing and a deal could be sealed within the coming weeks, said the person, who is privy to the discussions but asked not to be identified because the negotiations are confidential. Swiggy spokesman said by email that Swiggy doesn’t comment on “market rumors or speculation,” while Uber didn’t immediately respond to email and WhatsApp messages seeking comment on Sunday. Uber started its food-delivery business in India in 2017 with much fanfare and a huge marketing budget.
Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported https://bit.ly/2SRZnNb on Friday. The share-swap deal is expected to close by next month and will give Uber a 10 percent stake in food delivery service Swiggy, the paper said, citing people privy to the development. Separately, the Times of India reported https://bit.ly/2GSIfQm that Uber was considering the sale of its food delivery arm in India and has been in talks with Swiggy and Gurugram-based Zomato.
Through its Classifieds business OLX Group, Naspers is investing US$1.16 billion in Avito, acquiring an additional 29.1% stake and bringing its ownership to 99.6% on a fully diluted basis.
“ECOMMERCE UNITS DELIVERED STRONG PROFIT CONTRIBUTIONS, NASPERS WELL-POSITIONED TO DRIVE GROWTH,” CONFIRMED BOB VAN DIJK, GROUP CHIEF EXECUTIVE.
Several Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below.
LSE: NPSN) today announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new company will be named MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto.
Moody's Investors Service says that Tencent Holdings Limited's (A1 stable) operating results for the first half of 2018 were in line with expectations, and have no impact on its rating or outlook. "Benefiting from increased revenue diversification, Tencent was able to offset the volatility and near-term weakness in its games business," says Lina Choi, a Moody's Vice President and Senior Credit Officer. Moody's expects Tencent's revenue to rise 25%-35% in the next 12-18 months as the company continues to expand its internet products and services and monetize its large Weixin and WeChat active user base, which reached 1.06 billion monthly active users as of 30 June.