Prosus will incorporate all the global internet assets that Naspers currently holds (including its shareholding in Tencent) but will exclude its South African assets.
The business later merged with SIM Global to form Denker Capital.Under Claude’s management, the SIM Industrial Fund received both a Standard & Poor’s and a Raging Bull award. 29 June 2020 Indonesian startup, Shipper, secures Series A funding. When this listing takes place, Naspers shareholders will have two options.As shareholders with a long-term time horizon, we anticipate that the long-term investor benefits are likely to outweigh the short-term CGT cost for individual shareholders.Claude manages the Denker SCI Equity Fund and Denker SCI SA Equity Fund with Ricco Friedrich. Naspers is a global internet group and one of the largest technology investors in the world. Its Payments and Fintech segments reached profitability at their core while continuing to invest in future growth. The new group listed on Euronext Amsterdam on 11 September 2019 and is called Prosus. Core headline EPS, which it considers the best indicator of its operating performance, would improve by 8-16%.In a trading statement, Naspers said the listing of Prosus on Euronext Amsterdam last September meant it would only recognise a 72.63% contribution from the business as compared to a 100% contribution previously.
It had also donated $167 million in response to Covid-19. His career in the industry started in 1993 at Karlein Investments, a private client investment company. He returned to Sanlam Investments in 2002, where he became Head of Equities. Prosus will be listed on the Euronext Amsterdam stock exchange and have a secondary inward listing on the Johannesburg Stock Exchange (JSE). This deal has been delayed due to a bungling of documents and the Annual General Meeting (AGM) will now be in late August with the unbundling happening in September. Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)Weekly summary of Merger & Acquisition activity by South African companiesChanges To The Board And The Audit And Risk Committee Of The CompanyAlthough its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.Apart from the $377 million impact of the reduced Prosus stake, earnings for the year to end-March were also impacted by a $600 million gain on the sale of its interest in Indian online travel company MakeMyTrip, compared to a $1.6 billion gain the previous year on the disposal of its stake in e-commerce company Flipkart. Prosus's biggest investment remains Chinese internet and gaming giant Tencent, which it said had delivered a solid financial performance for the year.The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.Find out more about InceConnect and InceInterest Payment Notification - IPF24Changes to the Board of DirectorsFor the period, it expects earnings per share (EPS) to be between 52% and 56% lower than the $15.79 reported last year, while headline EPS will be 41-47% lower than the $9 previously reported.
Naspers, the world’s sixth largest internet company by market capitalisation, will list its foreign internet assets separately via Prosus NV, a newly created entity, on Wednesday, 11 September 2019. Naspers management first unbundled its shareholding in MultiChoice before creating Prosus. At the end of its 2019 financial year, the company listed and unbundled video entertainment group MultiChoice to shareholders and presented it as discontinued operation.Our Investor Community enables you to discuss, analyse, blog, live chat and engage with likeminded people on JSE and USA-listed companies and more. At Denker Capital, we follow...Subscribe to receive updates and insights from us. Naspers or Prosus?
Holders of Naspers have two options; Keep you Naspers shares and get an extra 0.36986 Naspers shares at zero cost.