... Prosus NV - ADR Dividend policy Active Price as of: DEC 22, 03:28 PM EDT $21.73 -0.55 -2.47% PROSY: OTC (Stock) Prosus NV - ADR Dividend policy Active Price as of: DEC 22, 03:28 PM EDT $21.73 -0.55 -2.47% Watchlist Overview. Source: Naspers interim results, September 2020. Prosus NV is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings to end September 2020, and a net cash position of $4.3 billion. Prosus acquired a portfolio of international internet firms, including fintech, and food delivery systems. Postfach 226, CH-9053 Teufen AR +41 71 330 07 69; toggle menu. To close the gap, Naspers spun off 27.5% of these international investments into a separate company called Prosus in Sept. 2019. Company Profile. Moneyweb requires cookies to function properly. Donate Compare. Tencent and other equity-accounted investments contributed nearly $2.8 billion to trading profit, … The Amsterdam-listed company, which was spun out of Naspers Ltd. in 2019, posted a pretax profit for the year ended March 31 of $3.79 billion compared with $4.51 billion for the same period a year earlier. NPSNY Year to Date Total Returns (Daily) data by YCharts. Prosus N.V., or Prosus, is the international internet assets division of Naspers. Naspers is known for being a 31% owner in Chinese giant Tencent (OTC:TCEHY), but also has ownership stakes in other internet classifieds, food delivery, and fintech businesses in emerging markets and Europe. Press releases. That didn't work. Investors also might have shied away from the company, as it competed in bidding wars for British food delivery company Just Eat (OTC:JSTT.Y) and eBay's (NASDAQ:EBAY) online classifieds business earlier this year. Prosus is a global consumer internet group and one of the largest technology investors in the world Go to content. Stock Advisor Flagship service. View 4,000+ financial data types. Subsequent to its IPO, Prosus instantly became the largest consumer internet company in Europe by asset value. The repurchase will take place following the company's earnings release Nov. 23. It's also possible that participating in these bidding wars hurt Prosus and Naspers stock, as the discount to Tencent widened throughout the year. On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Revenuesreflect Social and internet platforms segment increase of17% to $17.19B, Ecommerce segment increase of 19% to$4.27B. Prosus NV reported Monday a rise in net profit for fiscal 2020 and said it is confident to navigate through the effects of the coronavirus pandemic. S&P. FINANCIAL BRIEF:: For the fiscal year ended 31 March 2020, Prosus NVrevenues increased 25% to $3.33B. Terms of use. Expected market capitalisation will be c. USD100 billion, the third highest market capitalisation on Euronext Amsterdam. Close Search. Trading Ideas. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Search: Search About; News; Companies; Ventures; Technology; Careers; Investors; Connecting... Search #555050. Shareholders holding their ordinary shares N on the South African register will receive a … Of course, I'd prefer that Prosus and Naspers go even bigger than $5 billion. No further dividend payments will be made in relation to the 2019 financial year. Prosus half year results for the six months ended 30 September 2020. Prosus will initially withhold 15% on ALL cash dividends distributed on Tuesday, 17 November 2020. The table below shows the full dividend history for Prosus NV - Ordinary Shares - Class N. Status Type Decl. That anniversary is coming up in March. In fact, over the past year, the gaps between both Naspers' and Prosus' value and the Tencent stake widened. Net income beforeextraordinary items decreased 11% to $3.82B. Fortunately, management is now acknowledging reality and made a smart new move to remedy the situation. The last time Naspers trimmed some of its Tencent stake was in March 2018, after which Naspers pledged not to sell any more shares for three years. CFO Basil Sgourdos hinted there may be further actions to come, saying, "Management and the Naspers and Prosus boards are committed to delivering long-term returns for shareholders. Please note that no Dutch dividend withholding tax will be withheld on repayments of share capital. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. By continuing to use our website, we assume you are okay with it. Even more stunning is that Naspers, which has almost all of its value in Prosus, trailed Prosus and was up only 19.6%. Business Wire. South African corporates who own 5% or more of the shares in Prosus may qualify for a Dutch domestic exemption from Dutch dividend withholding tax. ‘No evidence’ that it causes more severe disease or increased mortality than any other variant, says health minister. Prosus N.V. (PROSY) Dividend Growth History: By month or year. News & Research. Return. How could this be? Close Search. Those shareholders who qualify for domestic relief have until 8 December 2020 to provide evidence to ABN Amro that their dividend qualifies for domestic relief from Dutch dividend withholding tax. Currency Forecast amount Decl. CEO Bob Van Dijk said in the release, "We have found several large M&A opportunities in our sector to be fully priced and have stayed disciplined. There will also be no South African dividend tax on repayments of share capital. 23 Nov 2020: Forward dividend & yield: 0.11 (0.12%) Ex-dividend date: 22 Oct 2020: 1y target est: N/A: All. It listed Prosus in Europe to tap a bigger market for its stock. Shareholders may have soured on the stock after realizing management would continue its quest to build international internet businesses at a time when many tech assets are selling for high prices, rather than focusing on the discount to Tencent. CLARIFICATION REGARDING THE PROCESSING OF DIVIDENDS IN SOUTH AFRICA Further to the announcement on 18 August 2020, the EUR/ZAR exchange rate was 20,7111 as at 18 August 2020. More info here. Combined, Naspers trades at a 50% discount to the value of its Tencent holdings alone. - Prosus condensed consolidated financial statements, Sep20 - Prosus press statement, Sep20 - Video: Prosus half year results summary - Naspers and Prosus results call presentation, Sep20 - Webcast registration. This feature is now exclusively available to. Chart. Search: ... Ex-dividend/capital repayment date JSE. Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) Today Announced THE SECONDARY LISTING ON A2X . Perhaps no case has been more extreme than that of European venture investor Prosus (OTC:PROSY) and its majority owner, South African media conglomerate Naspers (OTC:NPSNY). CLARIFICATION REGARDING THE PROCESSING OF DIVIDENDS IN SOUTH AFRICA Further to the announcement on 18 August 2020, the EUR/ZAR exchange rate was 20,7111 as at 18 August 2020. One of the more striking market phenomena today is the existence of large conglomerate discounts. However, that may have changed last Friday. Should Tencent Investors Worry About China's New Anti-Monopoly Rules? Well, Tencent, Prosus, and Naspers all trade in different markets and are accessible to different index funds or mutual funds. I love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names. The deadline for shareholders to vote for their preferred offer is looming, but it seems that Takeaway.com has pipped its rival to the post. More info here. Prosus half year results for the six months ended 30 September 2020. The tech world is largely fully priced today, so buying one of the world's best blue-chip tech stocks essentially at half price makes more than enough sense, especially since the company had $8 billion in cash against just $3.5 billion in debt at the end of June. Prosus yesterday said that it would commence with the acquisition of its own shares and that of its parent company Naspers today up to the value of $5 billion (R77.03 bn) as … Payout Estimate. We will also continue working on a series of initiatives to further address the consolidated discount to net asset value.". Utilizing cash to own more of our current portfolio through a purchase of our own shares -- when the discount to NAV is sizable -- is a sensible use of capital.". As you can see in the chart above, over the past year, Tencent appreciated a whopping 59.5%, but Prosus only appreciated 34.5%. If confirmed by shareholders at the virtual annual general meeting on Tuesday, 18 August 2020, elections to receive a dividend instead of a capital repayment will need to be made by holders of N ordinary shares by Monday, 9 November 2020. Prosus management seems to finally have gotten the message, and last Friday announced a $5 billion stock repurchase. BACK TO SENS PROSUS N.V. – Distribution of Annual Report 2020, Notice of Annual General Meeting and Cash Dividend Declaration 29 June 2020 17:50 15/12/2020 Update on Prosus share repurchase and Naspers share purchase 15/12/2020 Secondary listing on the A2X 08/12/2020 Update on Prosus share repurchase and Naspers share purchase 02/12/2020 Prosus Prices New 30-Year Tranche USD Bond and Taps of its 2028 and 2032 EUR Bonds The program will be executed in an optimal manner that can comfortably be done in the market. Prosus said on Friday it would purchase up to $5 billion in its own and parent Naspers shares, as part of efforts to narrow a discount between its share price and underlying assets. If confirmed by shareholders at the virtualannual general meeting on 18 August 2020, elections to receive a dividend instead of a capital repayment will need to be made by holders of N ordinary shares by 9 … SENS announcement for JSE listed company: PRX, Pauline Bax and Paul Burkhardt, Bloomberg, High-flying execs redefine the notion of ‘essential worker’, Prosus to target online care startups for elderly after pandemic, SA rejects UK claims over new coronavirus variant, Kenners beantwoord luisteraars se vrae oor persoonlike finansies – Donderdag 24 Desember 2020. Stock Advisor launched in February of 2002. Even after the gap narrowed last Friday, Prosus trades at a 28% discount to the value of its Tencent stake alone (to say nothing of the billions in other businesses), and Naspers trades at a 30% discount to the value of its stake in Prosus. It will be a unique buyback, in which Prosus will repurchase $1.37 billion of Prosus shares and $3.63 billion of Naspers shares, or the same proportion as Naspers' ownership of Prosus (27.5%/72.5%). After all, the current valuation discount means the company could take on more debt to do even more, then sell some of its Tencent stock to refortify the balance sheet at some point. Latest Stock Picks Investing Basics Premium Services. Real time Prosus (PROSY) stock price quote, stock graph, news & analysis. Naspers has long traded at a discount to the value of its Tencent stake alone. 113%. The global investment group is the largest consumer internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies. The latest Prosus NV EUR0.05 share price. This will be implemented by the acquisition of up to US$1.4bn Prosus N ordinary shares and US$3.6bn Naspers N ordinary shares on the market. You can get more information about how we use cookies in our View recent trades and share price information for Prosus NV EUR0.05 This could indicate that the company has never provided a dividend or that a dividend is pending. If investors bid up shares after the buyback to close the discount, Naspers and Prosus may sit tight. Obviously, much depends on how shareholders react to the news. date Ex-div date Pay date Decl. 560%. However, if the stubborn discount remains, more action may be needed. Dividend history information is presently unavailable for this company. Dividend.com: The #1 Source For Dividend Investing. The Board is pleased to announce a second interim dividend of 70p per share which will be paid on 14 December 2020 to shareholders on the register on 27 November 2020 in satisfaction of the Board’s previously indicated final dividend for 2019. Market data powered by FactSet and Web Financial Group. Net income was offset by Net gains on acquisitionsand disposals decrease of 73% to $434M … Returns as of 12/27/2020. If confirmed by shareholders at the virtual annual general meeting on Tuesday, 18 August 2020, elections to receive a dividend instead of a capital repayment will need to be made by holders of N ordinary shares by Monday, 9 November 2020. Just Eat decided to merge with Dutch rival Takeaway.com in a $10.1 billion deal, and eBay wound up selling its classifieds unit to Norwegian classifieds business Adevinta for $9.2 billion. Last date to trade AEX. On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. 5 Reasons You Should Still Buy Tencent's Stock, Copyright, Trademark and Patent Information. Prosus NV is looking to expand its portfolio of health-care companies, in particular platforms that focus on the elderly, taking advantage of rising … Prosus half year results for the six months ended 30 September 2020. As a frustrated shareholder who has seen Tencent wipe the floor with Prosus and Naspers this year, this was certainly welcome news. 2020, Prosus repurchased 704 412 Prosus ordinary shares N at an average price of €91.1641 per share for a total consideration of €64 217 077.68 (US$78 354 928.39). Shareholders holding their ordinary shares N on the South African register will receive a distribution of ZAR228 cents per ordinary share N. Payout History. 2020 2021 2022 2023 2024 2025; Revenue: 3,025 6,220 7,980 7,325 9,219 11,016 Dividend: 0.03 0.19 On 30 October 2020, the group announced its intention for Prosus to acquire up to US$5bn of Prosus and Naspers shares. Subsequent to its IPO, Prosus instantly became the largest consumer internet company in Europe by asset value. Expected market capitalisation will be c. USD100 billion, the third highest market capitalisation on Euronext Amsterdam. News. Prosus Dividend: 0.0261 for Oct. 22, 2020. Prosus management seems to finally have gotten the message, and last Friday announced a $5 billion stock repurchase. Navigate Preview company Navigate Next company. Cumulative Growth of a $10,000 Investment in Stock Advisor, Prosus Finally Admits the Obvious; Will Buy Back Shares at Half Price @themotleyfool #stocks $TCEHY $NPSNY $PROSY $EBAY $JSTT.Y, Tencent Makes Another Billion-Dollar Gaming Acquisition, Huya and DouYu Deal Comes Under Chinese Regulatory Scrutiny, 2 Reasons Tencent's Advertising Business Is Booming. New. Several prominent companies that have many different business lines or stakes in other companies often trade at a discount to the value of their assets -- even if some of those assets have readily identifiable public market values. Browse... View Full Chart Dividend Chart . 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