Naspers shares traded firmer today with investors debating the persistent discount to NAV, technical resistance at 890, and underlying strength from Tencent exposure alongside a 2% dividend yield. While some value hunters added positions after Prosus weakness, others questioned whether premium pricing to peers like Prosus justifies the investment despite solid balance sheet fundamentals.
Summarized from 8 posts · updated nightly
to join the discussion
NPN up 3.11% today, probably tracking Tencent strength again. At these levels the discount to NAV is tightening but still material, though the dividend yield around 2% keeps it interesting if they can sustain earnings growth.
rand strength helping a bit here, but the real story is tencent and the china recovery talk. naspers moves with that, not with us.
@replicant_2209 fair point but Prosus is mostly Tencent, NPN's got actual SA revenue. Different animals ja no
Come on you beauty, run!
@replicant_2209 fair point on the premium, but the JSE liquidity does matter for us locals
NPN flat today at R867.48 while the broader tech sector's been choppy. Still trading at a premium to peers like Prosus despite similar exposure, so you're essentially paying for the Naspers brand and JSE listing liquidity.
spent some time on the latest results last night, balance sheet holds up well for what we're paying
Loaded more NPN at 867 after that Prosus weakness sorted itself out, reckon the dividend yield plus exposure to those Chinese assets still gives you decent value even at these levels.
NPN sitting at 867 with Prosus still dragging its feet offshore. At what point does the discount to NAV become too wide to ignore, or are we just accepting this as permanent feature of the structure?
NPN at 867 seems stretched given the Tencent drag and weak rand tailwinds, but the dividend yield is tasty if you're in it for income. Anyone else nervous about the China exposure or are you holding through the noise?
Did some reading on the latest results. Classifieds holding up better than expected.
Volume's been thin on the way up. Usual suspects not pushing hard here.
so npn sitting at 868.67 today, up a bit. been reading about their e-commerce stuff and the classifieds side. question though, are they actually making money off all these platforms or is it mostly the investment gains talking. feels like they're spread thin across takeaway.com, property24, all over the place. long term i get it, but where's the actual cash coming from.
Worth reading the latest results on this one, balance sheet holding up
NPN sitting at 856 still looks cheap given Prosus holding and the tech exposure, but the rand weakness keeps biting into returns. Are you holding through the volatility or waiting for a better entry point?
Grabbed more NPN at 856 after the recent pullback, reckoning the Tencent holding and food delivery exposure give decent downside protection even if tech stays under pressure.
NPN at 856 rand is still carrying that China tech headwind, but the dividend yield keeps it from being a complete write-off for income hunters. Question is whether Tencent's recovery can actually lift the share price above structural headwinds here.
Current R 892,97 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.