🔒 Webinar: US powers ahead, SA lags as Ramaphoria fades
The Biznews US Exponential portfolio powered ahead to a 25% gain since launch in November last year as investors celebrated a stronger economy and lower tax rates.
The Biznews US Exponential portfolio powered ahead to a 25% gain since launch in November last year as investors celebrated a stronger economy and lower tax rates.
Live sport is the final bastion of traditional television, the last big reason for households to resist “cutting the cable.” Amazon has now very definitely opened that door.
US investment bank Goldman Sachs released an investment report predicting the continued outperformance of what it calls the FAAMGs (Facebook, Apple, Amazon, Microsoft and Google).
A major feature of the past month has been the US stock market’s growing disdain for erratic news flow from the White House. Investors now appear to be ignoring statements from the Trump Administration.
This was a cracking four weeks for the Biznews US Exponential bundle, with its value jumping from the $113 545 reported at our webinar a month ago, to the current $122 559.
So what has this to do with the Naspers decision to cash in its Flipkart stake? Well, the only other major investor to sell out was SoftBank.
Naspers announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart for $2.2bn, representing an IRR of approximately 32%.
Launched in 2015, Echo has been a roaring success, last year receiving 100 000 “five star” reviews, half of them using the word love.
Since 2012, Naspers has injected a total of $600m into Flipkart. At the price proposed by Walmart, its stake will be worth $3.3bn. What was that about it being a one-trick Tencent pony?
It is awesome to be Jeff Bezos. The Amazon CEO is the world’s richest person. He has a meme-worthy physique, and investors love him when he shows them the tiniest bit of profit love.