Prosus N.V. Stock News

The companys part of a global trend using the short-term financing tool that''s reshaping how consumers shop online

Prosus N.V. (PROSY) CEO Bob van Dijk on Q3 2021 Results - Earnings Call Transcript

Prosus N.V. (AEX: PRX) delivered a strong performance in the six months ending 30 September 2021, growing ecommerce revenues 53%. The group stepped up investment to further accelerate growth acros…

NASPERS, a global internet and entertainment group and technology investor, said yesterday that it had invested $5.2 billion (R79.3bn) in new acquisitions to expand its ecosystems, mainly in food delivery to position the business for continued long-term growth, and flagged lower headline earnings a share for the half-year ended September 2021. Prosus and parent Naspers told investors that earnings in the six months ended September would dim as the Chinese crackdown weighed heavily on Tencent. Naspers said headline earnings were expected to decrease in the current period by as much as 12 percent, mainly due to the increase in net finance costs and the decrease in the contribution of fair value gains by our associates. Tencent in tandem with the Chinese gaming industry has been subjected to stringent regulations. Naspers said core headline earnings per share for the current period was expected to increase by between 29 and 54 cents per share or 8 and 15 percent driven by a larger contribution from Tencent, despite the sale of a 2 percent holding in that group.

Prosus sees H1 earnings per share up 400% on Tencent stake sale

Steven Romick (Trades, Portfolio), manager of the FPA Crescent Fund, disclosed this week that his fund's top trades during the third quarter included the exchanging of its Alibaba Group Holding Ltd. (

This investment company is buying back its shares at a big discount while also holding stocks that do the same... and it's not Berkshire Hathaway.

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the final results of the tender offer that the Offeror commenced on July 6, 202

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (the “Offeror”) (Euronext Amsterdam: PRX; JSE: PRX) announces today an offer to purchase any and all of its outstanding U.S.$1,200,000,000 5.500% Notes due

Management for this international tech conglomerate believes it should.

Prosus N.V. (PROSY) CEO Bob van Dijk on Q4 2021 Results - Earnings Call Transcript

Prosus CEO Bob van Dijk discusses the Dutch internet holding group's full-year 2020 earnings, the performance of global SPACs, and why he thinks food-delivery will be a global trend even post-pandemic

I only choose companies that I expect to hold for at least two decades. These are stocks with a great business model that have proved they can adapt to new circumstances.

The stocks could turn out to be winners in coming months if analysts' upbeat calls turn out to be correct.