Naspers (JSE: NPN)

@cape_steel classifieds are tough, yeah, but the real money is in their stakes in the bigger platforms, stuff like their chunk of Takealot and the fintech plays. If those grow, NPN follows even if the classifieds part just sits there doing nothing.

@cape_steel classifieds is mature, you're holding for the bets they own overseas not the classifieds itself.

@mogale_morning yep that disconnect is wild, hey. Like you're betting on their stakes in other companies doing well, not really on Naspers itself

Do you think the classifieds business actually grows from here, or are we just holding it because the ecommerce bits look better. Not sure about this one honestly.

All my junk is red but NPN looks decent at 721.69

@mogale_morning exactly, holding a bag of other people's companies really.

Good morning everyone. Naspers owns a bunch of stuff online, classifieds, some fintech, streaming. The tricky bit is most of the value is locked up in companies they own stakes in rather than money they make here in SA, so the share price can feel disconnected from what's actually happening.

Classifieds and e-commerce doing the heavy lifting here.

@mogale_morning ja, balance sheet is the boring part that actually matters here

Naspers makes money from classifieds websites like OLX, e-commerce platforms, and streaming services like ShowMax, so when those businesses do well the share tends to move up, and when ad spending or online shopping drops it moves down.

@swordfish_sa fair point, but haven't some of the offshore bets started turning corners lately?

@swordfish_sa fair point on the losses, but hasn't takealot growth offset some of that drag lately?

Worth reading the latest SENS on this one, balance sheet holding up ok

Naspers is basically a holding company, sits on a pile of stakes in Takealot, OLX, Showmax and a bunch of other internet businesses. Problem is most of those aren't making money yet, so you're betting on them turning profitable down the line. Hard to know when or if that happens.

Naspers is basically a holding company that owns pieces of a bunch of internet businesses, from Takealot here at home to stuff overseas. Problem is the offshore stuff keeps losing money and pulling the whole thing down, so you're paying for a local winner but getting dragged by the rest of the bag.

@bongani_crypto_curious yep, solid move today.

NPN playing like the Boks today, ja.

Worth noting, Naspers keeps a big chunk of cash on the balance sheet. That's runway for the bets they're making.

717.35, that's lekker.

R717.35, green day. Let's keep it moving.