Naspers/Prosus share buybacks: More than R20bn of shareholder value destroyed
The Naspers/Prosus share buyback programme was initiated at the latter end of 2020 with the intention of returning value to shareholders.
The Naspers/Prosus share buyback programme was initiated at the latter end of 2020 with the intention of returning value to shareholders.
“Days after a record fine against Alibaba, China’s tech companies have pledged to adhere to antimonopoly regulations”, reports The Wall Street Journal.
‘The U.S. government is expected to let Americans continue to invest in Chinese technology giants’, reports The Wall Street Journal.
One profitable trade is breaking apart, thwarting hopes for global investors betting on a handful of U.S. and Chinese technology titans’ enduring dominance.
Africans understand that when elephants fight, it is the grass that suffers. The saying applies just as well to the world’s exponentially growing corporate gorillas.
It was an exciting month as Metrobank, ‘the Capitec of the UK’ was added to the BizNews global share portfolio, which has delivered an annualised return of 30%.
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The departure of Naspers’ long-time CEO Koos Bekker came over a weekend, giving punters time to reflect before voting with their chequebooks. As a result, a message of a “second sabbatical” before his return as chairman, had sufficient time to be absorbed. As did the decision to appoint a 40-something Dutch ecommerce specialist as his … Read more
Deep value investors like Cannon Asset Management find it hard to compute exponential growth – especially in share prices. And in the South African context, nothing in recent times compares with surging Naspers, a stock whose star shines ever brighter because of its 34% stake in TenCent, the Chinese Internet business whose growth keeps defying … Read more