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Classifieds revenue ticking up nicely but share price stuck in the mud. Frustrating watch.
@julianreins_jse ja the discount is brutal, operations almost secondary at this point
@momentumtracker_jse wall's been there for days though, reckon it's just thin liquidity on NPN hey
Good Morning Everyone, classifieds cash flow holding up nicely
Good Morning Everyone, classifieds revenue tracking better than expected last quarter, just nobody's pricing it in yet
@swordfish_sa yeah the rand's doing them no favours either
@momentumtracker_jse someone's definitely holding it down there
Big wall at R833 keeping her pinned. Algos or someone knows something.
the prosus overhang is real but npn's cash generation from classifieds and fintech actually picking up. problem is everyone's fixated on the discount instead of looking at what's actually happening operationally. need to see if that translates to shareholder returns before the rand gets absolutely hammered again
Prosus discount is real but the underlying cash generation from Naspers' classifieds and fintech arms is still solid, eish just wish the group would unlock some value instead of sitting on it. Rand weakness helps the offshore earnings translate back but we're hostage to when they actually deploy capital properly.
@replicant_2209 prosus discount is the real problem here, not the ops
NPN nudging up 0.60% to R845 while the tech sector stays choppy. Better resilience than some peers, but that Prosus discount keeps gnawing at the valuation story - hard to get excited until the cash conversion improves.
NPN up 0.60% on a damp day, but the real question is whether Prosus can keep firing on all cylinders when tech valuations keep compressing. Anyone else wondering if the discount to NAV tightens much further or are we stuck in this range for a while?
NPN down 2.6% again, nothing surprising given the weak consumer spending environment we're seeing. At these levels the dividend yield is looking decent but I'd want to see some actual earnings momentum before jumping in, the growth story just isn't there right now.
NPN getting knocked around today, down 2.6% - probably just noise if you're in this for the medium term given the dividend yield still looks decent. If the fundamentals haven't changed, this is just the market doing its thing. Worth checking if there's actual news behind the move or if it's just the usual daily chop.
NPN taking a 2.65% hit today, but at these levels the dividend yield is starting to look interesting for patient holders given Tencent's recovery trajectory.
@replicant_2209 yeah Prosus discount is the real story, not daily swings
@replicant_2209 Fair point but Prosus down 8% in Amsterdam this week, that's not noise mate
PROSUS HOLDING IS THE THING HERE, LOOK AT TENCENT WEAKNESS AND YOU'LL SEE WHY NPN IS DOWN. BUT LISTEN, WHEN TENCENT BOUNCES BACK NPN RIPS, THIS HAPPENED IN 2020 AND 2023 ALREADY. ACCUMULATING HERE AT R840 IS SMART MONEY MOVES, LFG!!