Why Naspers shareholders are angry

[Jan]

Naspers' big problems

Naspers and Prosus released their full-year results on 27 June 2022, which revealed a decline in trading profit, core headline earnings per share, and free cash flow.

Naspers CEO Bob van Dijk downplayed the earnings decline, saying, “the group delivered strong growth and scale across our businesses, positioning them for continued growth”.

 

[rvZA]

Bad company to invest in. Way too much Chinese exposure and bad management.

 

[Cosmik Debris]

Looks like the shareholders don't read the MyBB articles...

 

[rvZA]

Looks like the shareholders don't read the MyBB articles...

Clearly not. A fool and his money....

 

[Fuzzbox]

Its called diversifying.

 

[TEXTILE GUY]

However, these components are more like a rounding error if they are compared to the Tencent contribution.

LOL - nice way of saying, they are like Tencent's 4 skin

 

[TEXTILE GUY]

Its called diversifying.

If it its profitable ................ if not, its called throwing money down a black hole..............

 

[Johand]

Naspers/Prosus should just unbundle tencent and give it to the shareholders. Management do not have enough incentive or pressure to make the rest of the business hum. Being resource constrained is sometimes better than having virtually infinite capital.