Naspers CEO Bob van Dijk criticised for value destruction

[Jan]

Naspers CEO Bob van Dijk under fire for value destruction

South Africa’s top asset managers have joined forces against the complex shareholding structure and lack of management alignment at Naspers and Prosus.

The Naspers executive team, led by chief executive Bob van Dijk, has been under scrutiny by market participants for several years.

The discount in its share price to its investment in Chinese tech titan Tencent has widened following several unsuccessful corporate actions.

Many of the problems, the asset managers say, have only got worse since Van Dijk’s appointment as Naspers CEO.

 

[Polymathic]

I don't blame him trying to diversify the business, it's a bit of a risk having so much of the company's value in a Chinese Company. CCP might want to do something about it

 

[Unreal]

I’m not reading all that

 

[Pegging]

The asset managers were even more upset when Naspers’ weight went to over 20% in the indices. The ones who were underweight in Naspers moaned the loudest.

 

[Yskasmetnstoof]

Bekker won't even react. He sits snug in his mansion in the UK giggling over the billions he managed to appropriate for his personal luxury. Sone call him the Boere Gupta

 

[krycor]

Some of the investments tho

 

[NarrowBandFtw]

time for Naspers to pile into bitcoin with their spare cash