Research archive for PRX

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, mail.ru, Swiggy, Auto-trader, and MakeMytrip.

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.

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'.