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Prosus Tencent discount

Tencent Pays $1 Billion for 5% Stake in Tesl

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  3. Naspers holds most of Prosus and is traded at around 20% discount to Prosus, which means around 45% discount to NAV =) So even better value, but double-holding discount
  4. Prosus Makes Another Huge Move to Close Its Discount to Tencent The complex share swap with Naspers is the latest in a series of attempts to unlock value of this heavily discounted stock
  5. Prosus Makes Another Huge Move to Close Its Discount to Tencent Billy Duberstein 5/15/2021 Marc Lore, Gary Vee, early in some big tech winners, share a new investmen
  6. In March 2018, Prosus' parent Naspers divested a 2% stake in Tencent at a 7.8% discount to Tencent's share price. In April 2021 , Prosus divested a 2% stake in Tencent at a 5.5% discount to Tencent's share price
Prosus Targets $5 Billion Buyback in Plan to Cut Tencent Gap

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Prosus's discount to net asset value is 40%. Prosus is a venture capitalist, making high-risk high-reward investments. The massive Tencent stake is funding these risky investments According to the CEO of Prosus, Bob van Dijk, the company is acting in the interest of the shareholder by retaining the company's stake in Tencent. Below, Witkin uses a personal example to illustrate the potential for Naspers to grow, while serving the best interests of the shareholders. - Jarryd Neves. The Naspers Discount. By Arnie Witkin Sumeet Singh, an analyst at Aequitas Research in Singapore, estimates that Prosus has a current discount to net asset value (NAV) of 30%, while the Naspers discount is about 43%. All of the things that Naspers and Prosus have tried over the years to narrow the dreaded holding company discount, the only one that appears to be working is the buyback, Singh says

Tencent Lead as China's Mobile Payments Triple Audioboo

(Bloomberg) -- Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and narrow a discount. The share price suffered, widening the discount to the Tencent stake, and Prosus ended up returning $5 billion to shareholders in the form of a buyback. Van Dijk hasn't yet done enough to earn. Indeed, it trades at a $59 billion discount to the value of that holding, meaning that investors essentially ascribe a negative value to its other investments, such as Russia's Mail.Ru Group Ltd. Figure 1: Tencent's historic 12M forward PE and EPS growth. Source: Bloomberg, Anchor. Figure 2: Listed associates as a percentage of Tencent's market cap. Source: Company data, Investec Securities estimates, . As for the discounts to net asset value (NAV), we calculate these as being 54% for Naspers and 36.5% for Prosus Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd <0700.HK> for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever.

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Following a c. 24% rally in the Tencent share price (Naspers owns a 31% stake of the Hong Kong-listed tech Group, which accounts for >80% of Naspers' net asset value [NAV)]) from c. 4 December 2019 to Monday's (13 January) close, we highlight what has happened to the Naspers and Prosus discount to NAV below The Dutchman has been preoccupied for much of the past five years since his appointment unlocking value trapped in Naspers' share price, which continues to trade at a hefty discount to its 31%. Better liquidity will hopefully also reduce the Prosus discount to its underlying assets, largely Tencent. Unfortunately, the transaction will once again result in an acceleration of capital gains.

Prior to the 2019 listing and unbundling of Prosus, Naspers last reduced its stake in Tencent in March 2018, raising $9.8-billion from the sale of a 2% stake Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which led it to create and list Prosus in Amsterdam. Van Dijk said Prosus shareholders would benefit as Naspers shares are more deeply discounted. Prosus trades at a 20% discount, and Naspers at a 35% discount, relative to their economic interests.

Prosus Is Tencent At A 22% Discount Plus Free Stuff

The event created a potential overhang on the Tencent price as the shares were sold at a 5% discount to the closing share price, but also sent a signal to the market that Prosus (with inside. Prosus thanks shareholders for constructive engagements since the group announced a proposed voluntary share exchange offer to Naspers shareholders Read more. Trading statement. 10 June 2021 AEX: Update on Naspers share purchase. 8 June 2021 99minutos raises $40 million series B led by Prosus Ventures and Kaszek Prosus' technology assets include a still-massive 29% stake in Chinese internet giant Tencent, as well as other internet businesses across food delivery, online classifieds, digital payments, and. He said Prosus shareholders would benefit as the Naspers N shares Prosus will buy trade at a deeper discount to the value of the Tencent stake than Prosus shares do

Prosus Makes Another Huge Move to Close Its Discount to

Want Tencent exposure, but pay 28% less? Look at Prosus

Based on an offer document, Prosus is selling Tencent shares at HK$575.00-595.00, a 5.5-8.7% discount to its closing price of HK$629.50 ($80.87), and implying proceeds of $14.2-14.7 billion at. Prosus NV, the international asset division of Naspers and one of the largest technology investors in the world, sold a 2% stake in Tencent for an amount of HK$114bn ($14.7bn) in what is the largest accelerated book-building offer (ABO) in history, smaller only than the U.S. Treasury Department's $20.7bn sale of American International Group Inc. shares in 2012 (R) -Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd <0700.HK> for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever block trade. Tencent, in a Hong Kong Stock Exchange filing, said Prosus sold 191.89 million shares for HK$114.1 billion ($14.67 billion), reducing its stake to 28.9% Prosus and Tencent did not immediately respond to a request for comment. Prosus, majority controlled by Naspers Ltd sold 191.8 million shares in Tencent to take its stake from 30.9% to 28.9%.

Prosus announced today that it has sold a 2% stake in Tencent worth $14.7bn reducing its stake to 29% to close the valuation gap that is that of Prosus (*) itself and the value of its underlying investments including Tencent. The company says that it will use its funds for investing into food-delivery, payments, and fintech broaden its portfolio of companies with exposure to digitalisation Both trade at a discount to the value of the massive 28.9% stake that Prosus holds in Chinese software and gaming giant Tencent Holdings, worth 172 billion euros ($208.6 billion) at current market.

Here's Why Prosus Is Selling At A Hefty Discount (OTCMKTS

Tencent fell as much as 2.5 per cent in early trading before paring losses to trade 1.3 per cent lower as of 10:20 a.m. in Hong Kong. Amsterdam-listed Prosus priced the deal at HK$595 per share, which represents a 5.5 per cent discount to Tencent's last close of HK$629.50, according to terms of the deal obtained by Bloomberg News He said Prosus shareholders would benefit as the Naspers N shares Prosus will buy trade at a deeper discount to the value of the Tencent stake than Prosus shares do. In recent weeks Naspers shares have traded at a discount of around 25% to the Tencent stake value, while Prosus trades at a 15% discount Both trade at a discount to the value of the massive 28.9% stake that Prosus holds in Chinese software and gaming giant Tencent Holdings, worth 172 billion euros ($208.6 billion) at current market prices. The share offer we have announced today will extend Prosus's standing as Europe's largest internet company, said Bob van Dijk, CEO of both companies, in a statement

In a Hong Kong Stock Exchange filing, Tencent said Prosus sold 191.89 million shares for HK$595.00 each, reducing its stake to 28.9%. The price was a 5.5% discount to Tencent's Wednesday close of HK$629.50. Tencent stock, which is up 10% this year, closed 1.5% lower in Hong Kong at HK$620.00 on Thursday Prosus shareholders would benefit, CEO Bob van Dijk said in a statement, as Naspers shares trade at a deeper discount to the value of the Tencent stake than Prosus shares do. (Reporting by Toby. Prosus trades at a 20% discount, and Naspers at a 35% discount, relative to their economic interests in the Tencent stake. DOMINANCE Naspers has struggled with its relative dominance on the Johannesburg exchange and its shareholders have long lobbied for the company to reduce the valuation gap Prosus, the international multi-vertical marketplace operator, today announced it plans to cut its stake in Tencent Holdings Ltd. to 28.9% from 30.9%, selling shares worth $15.5 billion U.S. The company said it intends to sell up to 191.9 million shares in Tencent. Naspers, the parent company of Prosus, was one of the Chinese tech giant's.

The Naspers discount and what needs to happen - Arnie

AMSTERDAM (R) -Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge holding in China's Tencent to Amsterdam from Johannesburg. Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which. The holding company Prosus has sold a 2 percent stake in Tencent for USD 14.6 billion. The accelerated offering of nearly 192 million Tencent shares was conducted in a private placement on the. By dint of owning 31% of Tencent, worth about $208bn, as well as other investments made since, Prosus is the EU 's fourth-most-valuable firm. It is also the closest that Europe has to the global. Prosus hopes to close discount to NAV with $5bn share buyback. DURBAN - PROSUS shares rose more than 5 percent on the JSE on Friday after the Dutch technology giant said it intended to buy back up.

Prosus has a market capitalisation of 138 billion euros and Naspers of 80 billion euros. Van Dijk said Prosus shareholders would benefit as Naspers shares are more deeply discounted. Prosus trades at a 20% discount, and Naspers at a 35% discount, relative to their economic interests in the Tencent stake. DOMINANC Tencent's largest investor is listing its $130 billion stake in the Chinese internet giant on Called Prosus, Naspers traded at a discount of about 30%-35% of the value of its.

Prosus Makes Another Huge Move to Close Its Discount to Tencent | The Motley Fool; A Lyft driver was hospitalized after being hit by a suspected drunk driver going 85 mph, now he's battling Lyft over its pandemic-era insurance cutbacks. Dodgers shortstop Seager out with broken hand; Bella Hadid cries for Palestine as she joins protests in New. Prosus Makes Another Huge Move to Close Its Discount to Tencent. The Motley Fool - Billy Duberstein • 1h. The complex share swap with Naspers is the latest in a series of attempts to unlock value of this heavily discounted stock. On the. In an attempt to narrow that discount, they spun out the Tencent stake and the other tech investments into Prosus, which (last I looked) still trades at a discount. Prosus sold 2% and still owns around 28% of Tencent. Also, It also promised not to sell any further Tencent shares for at least the next three years The price was a 5.5% discount to Tencent's Wednesday close of HK$629.50. Tencent stock, which is up 10% this year, closed 1.5% lower in Hong Kong at HK$620.00 on Thursday. Tencent Chairman Pony Ma said in a statement that he viewed Prosus, which was spun off from Naspers of South Africa in a 2019 IPO, as a committed strategic partner over a great many years Prosus also invests in online food delivery platforms, classified marketplaces and digital payments businesses. (AP) Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever block trade

Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever block trade AMSTERDAM (R) -Amsterdam-based technology investor Prosus NV on Thursday said it netted $14.6 billion from its overnight sale of a 2% stake in Chinese gaming and social media giant Tencent. The shares were sold at HK$595 each, a 5.5% discount to Tencent's closing price on Wednesday. Naspers famously invested $32-million in 2001 for a 46.5% stake in Tencent, which has been reduced over the years. The Tencent stake was housed in Prosus when Naspers listed and unbundled its global consumer internet assets in 2019 Prosus H1 2021. By holding 31% of Tencent, Prosus got a $ 458m dividend during H1 2021, up 21% year-on-year from $ 377m. Prosus accounts for the Tencent stake as an equity accounted investment - a single line that added $3.41 billion euros to Prosus' 2019 pretax profit.. R

Prosus nets $14.6 billion from sale of Tencent stake. AMSTERDAM (R) - Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the world's largest ever block trades. Our belief in Tencent and its management. Tencent's shares, which closed at HK$629.50 before Naspers' Prosus unit announced its sale, never fell below HK$600 in the days since, keeping buyers well in the money above their HK$595. Prosus shares were up 3 per cent in morning trading. Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which led it to create and list Prosus in Amsterdam in 2019. Prosus trades at a narrower discount to the value of the Tencent shares

Prosus: A Vehicle To Invest In Tencent, Trading At A Wide

By Scott Murdoch and Toby Sterling (R) -Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd (HK: 0700) for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever block trade. Tencent, in a Hong Kong Stock Exchange filing, said Prosus sold 191.89 million shares for HK$114.1 billion ($14.67 billion), reducing its. Prosus is an Amsterdam-listed internet conglomerate. The company is valued substantially less than its stake in Tencent alone. Other business stakes are basically free, from that perspective, and this includes online businesses in emerging markets. Those stakes included, I estimate the discount to fair value at 30%, which is too.. Based on an offer document, Prosus is selling Tencent shares at HK$575.00-595.00, a 5.5-8.7% discount to its closing price of HK$629.50 ($80.87), and implying proceeds of $14.2-14.7 billion at current exchange rates Tencent fell as much as 2.5% in early trading before paring losses to trade 1.3% lower as of 10:20 a.m. in Hong Kong. Amsterdam-listed Prosus priced the deal at HK$595 per share, which represents a 5.5% discount to Tencent's last close of HK$629.50, according to terms of the deal obtained by Bloomberg News And Prosus holds some companies that are poised to grow. Its portfolio. You must see this before reading further. And this image is all the information you need really to value the company. The extreme discount. So, let's do some maths. Prosus holds around 31% stake in Tencent maybe(I haven't checked recently if anything changed, but it shouldn't)

Naspers rejig only nibbles at Tencent discount – BreakingviewsNaspers/Prosus: Update on the respective discounts to NAVNaspersAVI Global Trust - Double discount on quality-focusedArticle | Anchor CapitalDemand for online services drives Naspers’ shares higher

Prosus Tencent discount Archives - The InvestQuest (3 days ago) May 03, 2021 · Prosus Tencent discount Prosus Tencent discount. Stocks Want Tencent exposure, but pay 28% less? Look at Prosus May 3, 2021. We discuss why buying into Prosus (Tencent's largest shareholder) is currently preferred in our view compared to buying Tencent directly Tencent stock, which is up 10% this year, traded 2.5% lower in Hong Kong on Thursday. A statement from Tencent Chairman Pony Ma said he viewed Prosus, which was spun off from Naspers of South Africa in a 2019 IPO, as a commited strategic partner over a great many years. Tencent respects and understands the (stake sale) decision, he said (April 8): Shares of Tencent Holdings Ltd. dropped in Hong Kong after Prosus NV priced its placement of the Chinese internet giant's stock at the top end of a marketed range, raising HK$114.2 billion (US$14.7 billion).Tencent dropped 2.5% in pre-market trading. Amsterdam-listed Prosus priced the deal at HK$595 per share, which represents a 5.5% discount to Tencent's last close of HK$629.50. Prosus said it priced its Tencent stock at 595 Hong Kong dollars a share, the equivalent of $76.43. That was the top of an earlier range and represented a 5.5% discount to Tencent's Wednesday.

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