Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Since many asset managers and indexes couldn't allocate full positions to Naspers because of its size, its share price has been "trapped" at a discount to its Tencent stake for some time.Though the proceeds only amount to around 2% of Naspers' market capitalization, since Naspers currently trades at a discount to its Prosus stake, any buyback would be value-add. After graduating he returns to South Africa after initially planning to not return.In 1998 in Shenzhen, China a 27-year-old software engineer commonly known as Pony Ma (born 马化腾 Mǎ Huàténg), three university classmates and a friend start a business called Tencent to meet the growing demand for internet cafes. OLX Group operates in 41 markets and has 330 million monthly users.

Naspers have a decent track record as an investor, generating an average internal rate of return of 19%, excluding its investment in Tencent, according to Goldman Sachs. Through its subsidiary Prosus, Naspers owns 31 percent of Chinese technology major Tencent. Then, we’re only buying Tencent for 21 times earnings.Fair to say, Tencent’s growth opportunities are pretty compelling.For investors, buying Naspers is nearly the same as buying Tencent, given the value of Naspers Tencent stake dwarfs the value of Naspers’ other assets. And that's not to mention the other $20 billion or so of other assets Prosus owns. Tencent makes most of its early money from online gaming and a text messaging service, which is a clone of an Israeli made instant messaging service but adapted for the Chinese market called QQ.

Disclaimer. Tencent is committed to maintaining the highest level of corporate governance, and providing our investors with a thorough understanding of the Group's management and development. Naspers also funded Letgo in the United States, an app with over 75 million downloads that aims to become a top destination for buying and selling unwanted stuff. Naspers have a decent track record as an investor, generating an average internal rate of return of 19%, excluding its investment in Tencent, according to Goldman Sachs. In 1991 one of his executives tells him about early mobile phone technology that he saw in the US and three years later he starts M-Cell (now MTN Group, one of the largest mobile network operators in the world). Announcements, 16 June 2020 Naspers Foundry invests R100 million in agritech business, aerobotics. This seems to be a significant factor in the discount, with some shareholders calling for Naspers to move its primary listing to the US instead. - Naspers financial results FY20 press release - Naspers financial results FY20 booklet It was – and is – driven by necessity after having hit the investment equivalent of winning the Powerball – their investment in Tencent in 2001. Therefore, Naspers management may feel that Prosus -- and maybe also Naspers stock itself, could be in for a rough ride, despite their already discounted shares.Stock Advisor launched in February of 2002. It is general in nature as it has been prepared without taking account of your objectives, financial situation or needs.Lastly, Naspers’ primary listing is on the Johannesburg Stock Exchange, making it out of reach for many investors. It also owns equity stakes in game publishers Riot Games, SuperCell, Epic Games (publisher of Fortnite) and Activision Blizzard. Tencent’s dominance in mobile games, distribution capabilities and investments in leading software developers helps it maintain a steady pipeline of popular games. However, most of these investments are still loss-making and require capital, constraining the company’s free cash flow, so it's fair that some investors are hesitant as to whether management can continue to deliver value to shareholders.Tencent also owns stakes in other high growth internet companies such as Reddit, Pinduoduo and Meituan.We’ll get back to Naspers other businesses later. 18 June 2020 Black Lives Matter statement by Bob van Dijk, Group CEO. In May, it netted $1.6 billion from … Tencent is now China’s largest company by market capitalisation and Naspers crucially retains a 31% stake in Tencent today, having sold no shares before 2018.Naspers trades on a market cap that’s ~US$30 bn less than its 31% stake in Tencent. Naspers is mostly known for its giant stake in Chinese internet conglomerate Tencent (), a massive investment win that Naspers made all the way back in 2001.The Tencent investment … Spaceship Super is issued by Tidswell Financial Services Ltd (ABN 55 010 810 607, AFSL 237628) as trustee of the Tidswell Master Superannuation Plan (ABN 34 300 938 877) (Fund). As a result, management have been attempting to demonstrate they can monetise their assets. Naspers and Tencent have done this very well separately but together it has led to one of the best deals ever done and the most successful China Africa deal. Prosus trades at just a $116 billion market cap, but the value of its 31% stake in Tencent alone is worth $139.4 billion. Naspers has grown from a South African newspaper group to an emerging global media company which focuses on technology based investments and internet channels.

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