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@nico_the_analyst fair point on nav discount, but isn't the fintech upside still early stage though
fintech and classifieds doing the heavy lifting while everyone stares at ecommerce, that's the bit the market's missing imo. cash generation's picking up which matters more than the nav discount noise, especially if Africa and Asia actually scale. R750's a real ceiling but R731 doesn't scare me holding this long. Springboks vibes today.
@replicant_2209 exactly, people trading like its a day stock when the real money is patient
Cash position holding up better than the market gives it credit for, that's the real story here
R731.35 now, weak hands getting shaken out
@trpine_patient yeah the cash position improved nicely last quarter, that's what caught my eye. worth noting they're still generating decent returns from the fintech plays even with everything else being choppy, but fwiw the discount to nav keeps widening which is the real puzzle imo. could be wrong but feels like people are just treating this as a rand hedge proxy rather than looking at what's actually happening in the portfolio.
After reading the MD&A, the takeaway for me is the classifieds and fintech segments are actually pulling weight now, but the market's still fixated on the ecommerce headwinds. That R750 level keeps rejecting us and honestly at R731 I'm not convinced the discount to NAV closes until we see actual cash generation out of these emerging market plays, not just revenue.
look PRX is bleeding rand today but ngl the emerging market exposure is exactly what long term money wants, Naspers got here first and look where they are now, we're sitting on classifieds, fintech, food delivery across Africa and Asia, that's not a lottery ticket that's a platform, R731 is noise if you're holding 5 years
prx getting hammered but the classifieds and fintech stuff actually prints money if you squint. down to r731 which is nowhere near where it should be given what tencent owns in there. big dogs dont cook they eat, and naspers knows how to survive a winter.
@trpine_patient yep, not worried at all. holding.
Rand weakness usually helps PRX though, emerging market plays tend to benefit. That said, the classifieds and fintech arms are where the real grit is these days.
PRX bouncing 1.63% today but sitting near that R740 level, reckon the Tencent holding is finally getting some recognition or is this just noise before earnings? The dividend yield looks decent for tech these days, curious if others are seeing this as a value trap or genuine accum
Good Morning Everyone, PRX sitting at R736.36 now, that R750 resistance looking tight with volume thinning out. Naspers stake alone worth more than market cap if you strip out the debt, fintech exposure in India and Brazil still printing growth even with the rand headwinds.
@bombay_coach 750 needs to hold ngl
@tsquared_jse 750 wall is total bs, algos running scared
Prosus holding its own at R736 while the algos play games at R750, but the real story is the portfolio doing heavy lifting in emerging markets where everyone else got scared. Classifieds and fintech printing money, e-commerce still a slog but that's the long game innit.