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Naspers Ltd (NPNJn.J)

NPNJn.J on Johannesburg Stock Exchange

327,368.38ZAc
21 Jun 2018
Change (% chg)

-695.62 (-0.21%)
Prev Close
328,064.00
Open
328,988.00
Day's High
332,977.00
Day's Low
320,787.00
Volume
2,380,719
Avg. Vol
1,181,672
52-wk High
414,299.00
52-wk Low
246,500.00

Latest Key Developments (Source: Significant Developments)

Naspers Announces Disposal Of Entire Stake In Flipkart To Walmart
Wednesday, 9 May 2018 

May 9 (Reuters) - Naspers Ltd ::DISPOSAL OF ENTIRE STAKE IN FLIPKART.PROCEEDS WILL BE USED TO REINFORCE NASPERS' BALANCE SHEET AND WILL BE INVESTED OVER TIME.ANNOUNCES DISPOSAL OF ITS ENTIRE 11.18% STAKE IN FLIPKART TO US-BASED RETAILER WALMART FOR US$2.2BN.  Full Article

Moody's Calls Naspers' Stake Cut In China's Tencent Credit Positive
Monday, 26 Mar 2018 

March 26 (Reuters) - Moody's Investors Service:MOODY'S INVESTORS SERVICE- NASPERS REDUCES ITS STAKE IN TENCENT, A CREDIT POSITIVE.MOODY'S- "DO NOT EXPECT NASPERS TO USE PROCEEDS TO REDUCE DEBT GIVEN ITS LONG-DATED DEBT MATURITY PROFILE AT COMPETITIVE FUNDING RATES".MOODY'S INVESTOR SERVICES- "EXPECT NASPERS TO REDEPLOY CAPITAL INTO NEW GROWTH OPPORTUNITIES".MOODY'S- "SIZABLE CASH BALANCE AND UNDRAWN $2.5 BILLION REVOLVING CREDIT FACILITY (AT NASPERS) WILL ALLEVIATE NEED TO RAISE ADDITIONAL DEBT FOR SOME TIME".MOODY'S- "ESTIMATE THAT THERE WILL BE A NEGLIGIBLE EFFECT ON NASPERS FROM REDUCED DIVIDEND INFLOW FROM TENCENT AS A RESULT OF SMALLER STAKE".  Full Article

Naspers says HY core headline earnings up 65 pct to $1.5 bln​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - NASPERS LTD ::‍HY CORE HEADLINE EARNINGS GREW 65% TO US$1.5 BLN​.HY ‍REVENUES INCREASED 33% YEAR ON YEAR TO US$9.0 BLN​.‍HY REVENUES IN INTERNET SEGMENT WERE UP 42% TO US$6.9 BLN​.  Full Article

Naspers ‍expects HY core HEPS to be between 132 US cents and 142 US cents
Friday, 17 Nov 2017 

Nov 17 (Reuters) - NASPERS LTD ::‍EXPECT HY CORE HEADLINE EARNINGS PER SHARE TO BE BETWEEN 62% (132 US CENTS) AND 67% (142 US CENTS) HIGHER THAN COMPARABLE PERIOD'S 212 US CENTS​.NASPERS LTD - ‍EXPECTS HY HEADLINE EARNINGS PER SHARE TO INCREASE BY BETWEEN 62% (80 US CENTS) AND 67% (86 US CENTS) FROM PRIOR PERIOD'S 129 US CENTS​.  Full Article

Delivery Hero CEO reiterates ready for possible IPO
Tuesday, 23 May 2017 

May 23 (Reuters) - :Delivery Hero CEO reiterates that prepared for possible IPO if feels it is the right time, no further comment.Delivery Hero CEO says does not exclude further acquisitions.  Full Article

Russia's Megafon says completes acquisition of stake in Mail.ru
Thursday, 9 Feb 2017 

Russian mobile operator Megafon says: Completes acquisition of a stake in internet group Mail.ru In late 2016, Megafon agreed to pay $740 million for the stake in Mail.ru. [nL5N1EI0T4] Further company coverage: [MFON.MM] (Reporting by Moscow Newsroom) ((andrey.ostroukh@thomsonreuters.com;)).  Full Article

Naspers sells Allegro, Ceneo for $3.25 bln
Friday, 14 Oct 2016 

Naspers Ltd : JSE: NPN - Sale Of Grupa Allegro Sp.Z.O.O. And Ceneo S.P.Z.O.O . Deal for total consideration of us$3.253bn . Sale to funds advised by private equity firms Cinven, Permira and Mid Europa . Proceeds will be used to repay debt, fund continued scaling of ecommerce businesses, and finance new acquisitions .Closing of deal expected before end of fiscal 2017.  Full Article

S.Africa's Competition Tribunal imposes credit guarantee on Media 24
Tuesday, 6 Sep 2016 

South Africa's Competition Tribunal: Imposed a credit guarantee remedy on Media 24 following finding that it forced out a competitor . Credit guarantee remedy allows current or new publications within Goldfields area to approach Media 24 for specific credit terms .Credit guarantee if taken up operates for three years provided a publication does not default.  Full Article

South African rand recovers slightly on technical factors, stocks falter

JOHANNESBURG, June 21 The South African rand reversed earlier losses on Thursday with technical factors offering support while stocks fell, dragged down by resource counters and heavyweight Naspers.