Prosus FY Numbers - Strong Balance Sheet


On Friday evening, Naspers and Prosus released their full-year numbers. These companies are mostly interchangeable - Naspers owns 3/4 of Prosus and that stake in Prosus represents 99% of Naspers value. Generally, the market doesn't pay much attention to these results because the bulk of Prosus's value comes from its stake in Tencent, which trades on the Hong Kong stock exchange. Each day, the Tencent price changes in Hong Kong, and then the Prosus and Naspers share prices move in accordance when the European and South African markets open.


Prosus Ventures Invests Into Shipper


Prosus continues to work hard on small deals behind the scenes. Late last week it was announced that they had invested in an Indonesia based logistics technology company called Shipper.


Prosus Buys Grupo ZAP


Prosus are certainly not sitting still. This morning they announced another deal, this time in Brazil. OLX Brazil which is 50% owned by Prosus is purchasing Grupo ZAP for $650 million (R10bn). In case you forgot, OLX is the biggest online classified business in Brazil. Grupo ZAP specialises in online real estate. OLX feels that the combination of site traffic, properties, product and technology between the two companies is very beneficial.


Prosus and Nasers Report Numbers


The largest consumer internet company in Europe, Prosus released its interim results for the half-year ending in September. This is the first set of numbers after the unbundling by Naspers. Just to refresh, the company has a 31% stake in Chinese internet giant Tencent, OLX,, Swiggy, Auto-trader, and MakeMytrip.


Prosus Makes a Bid For Just Eat


Yesterday Prosus, which is controlled by Naspers, announced that it had made an offer of 4.9bn GBP for UK listed Just Eat. This represented a 20% premium to Monday's closing price. To put that into perspective, that is the same market cap as Shoprite.


Prosus Lists


I'm really looking forward to the listing of Prosus (code PRX) on our market today. As a committed equities investor, I just love the way that companies evolve and then find their value on public capital markets. The term for this in trader parlance is 'price discovery'.


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