AMSTERDAM :Prosus NV, the Dutch-based technology investor, on Monday reported a 20 per cent fall in annual core headline earnings and announced a major share repurchasing programme.
"This will efficiently unlock immediate value for shareholders because we're selling shares at full value and we're buying back our stock at a considerable discount," CFO Basil Sgourdos said. Sometimes compared to SoftBank and its Vision Fund https://www.reuters.com/business/finance/europes-softbank-prosus-plays-long-game-shrink-value-gap-2021-07-08, Prosus owns stakes in a wide range of consumer internet companies including meals delivery companies Delivery Hero of Germany & South Korea, iFood of Brazil and Swiggy of India, PayU in payments, and Stack Overflow and Codecademy in educational software.
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Prosus to trim Tencent stake as FY core headline earnings slumpAMSTERDAM : Prosus NV, the Dutch-based technology investor, on Monday reported a 20 per cent fall in its core headline earnings, a non-standard measure, for its financial year and also announced a major share repurchasing programme.The company plans to release its profit and loss figures later in the day.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tencent falls 2.5% as Prosus, Naspers say to gradually sell sharesHONG KONG :Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd gave up early gains to fall as much as 2.5 per cent to HK$374.60 in the early afternoon, after Prosus NV and Naspers said they would gradually sell shares in the firm.Tencent stock surged as much as 4.2 per cent in morn
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tencent falls 2.5% as Prosus, Napsers say to gradually sell sharesShares of Tencent Holdings Ltd gave up morning gains to fall as much as 2.5 per cent to HK$374.60 in the early afternoon, after Prosus and Napsers said they would gradually sell shares. Dutch technology investment company Prosus and its controlling shareholder Naspers of South Africa said on Monday the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Naspers, Prosus to sell Tencent shares to fund buybacksChinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa's Naspers Ltd and Prosus, that they would start a long-term, open-ended share repurchase programme.The programme would be funded by on-market sales of Tencent's shares held by the two Prosus are only selling to bring down the discount; once thats achieved they will hold. stupid to sell on this.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Prosus to trim Tencent stake as FY core headline earnings slumpAMSTERDAM : Prosus NV, the Dutch-based technology investor, on Monday reported a 20 per cent fall in its core headline earnings, a non-standard measure, for its financial year and also announced a major share repurchasing programme.The company plans to release its profit and loss figures later in the day.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tencent falls 2.5% as Prosus, Naspers say to gradually sell sharesHONG KONG :Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd gave up early gains to fall as much as 2.5 per cent to HK$374.60 in the early afternoon, after Prosus NV and Naspers said they would gradually sell shares in the firm.Tencent stock surged as much as 4.2 per cent in morn
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »