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prosus dividend 2020

Posted on: December 27th, 2020 by No Comments

Search: ... Ex-dividend/capital repayment date JSE. That anniversary is coming up in March. Even more stunning is that Naspers, which has almost all of its value in Prosus, trailed Prosus and was up only 19.6%. Company Profile. Prosus acquired a portfolio of international internet firms, including fintech, and food delivery systems. View 4,000+ financial data types. You can get more information about how we use cookies in our 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. 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. Naspers has long traded at a discount to the value of its Tencent stake alone. Browse... View Full Chart Dividend Chart . 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. 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. Subsequent to its IPO, Prosus instantly became the largest consumer internet company in Europe by asset value. Chart. Moneyweb requires cookies to function properly. Close Search. Dividend history information is presently unavailable for this company. 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. 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. As you can see in the chart above, over the past year, Tencent appreciated a whopping 59.5%, but Prosus only appreciated 34.5%. As a frustrated shareholder who has seen Tencent wipe the floor with Prosus and Naspers this year, this was certainly welcome news. 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. Shareholders holding their ordinary shares N on the South African register will receive a … Prosus half year results for the six months ended 30 September 2020. Terms of use. 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. 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. Return. 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.". Expected market capitalisation will be c. USD100 billion, the third highest market capitalisation on Euronext Amsterdam. Prosus is a global consumer internet group and one of the largest technology investors in the world Go to content. 113%. 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). News & Research. 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 Dividend: 0.0261 for Oct. 22, 2020. NPSNY Year to Date Total Returns (Daily) data by YCharts. Payout History. Well, Tencent, Prosus, and Naspers all trade in different markets and are accessible to different index funds or mutual funds. Net income beforeextraordinary items decreased 11% to $3.82B. 5 Reasons You Should Still Buy Tencent's Stock, Copyright, Trademark and Patent Information. Subsequent to its IPO, Prosus instantly became the largest consumer internet company in Europe by asset value. No further dividend payments will be made in relation to the 2019 financial year. 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 … Dividend.com: The #1 Source For Dividend Investing. 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. 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 … The latest Prosus NV EUR0.05 share price. Prosus management seems to finally have gotten the message, and last Friday announced a $5 billion stock repurchase. Prosus half year results for the six months ended 30 September 2020. There will also be no South African dividend tax on repayments of share capital. Net income was offset by Net gains on acquisitionsand disposals decrease of 73% to $434M … Last date to trade AEX. Stock Advisor Flagship service. ‘No evidence’ that it causes more severe disease or increased mortality than any other variant, says health minister. Prosus lost both contests. ... 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. 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. Business Wire. Expected market capitalisation will be c. USD100 billion, the third highest market capitalisation on Euronext Amsterdam. Fortunately, management is now acknowledging reality and made a smart new move to remedy the situation. FINANCIAL BRIEF:: For the fiscal year ended 31 March 2020, Prosus NVrevenues increased 25% to $3.33B. 2020 2021 2022 2023 2024 2025; Revenue: 3,025 6,220 7,980 7,325 9,219 11,016 Dividend: 0.03 0.19 More info here. 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. Of course, I'd prefer that Prosus and Naspers go even bigger than $5 billion. 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. Press releases. It listed Prosus in Europe to tap a bigger market for its stock. 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 On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Stock Advisor launched in February of 2002. 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. Should Tencent Investors Worry About China's New Anti-Monopoly Rules? Trading Ideas. However, if the stubborn discount remains, more action may be needed. 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. More info here. Combined, Naspers trades at a 50% discount to the value of its Tencent holdings alone. On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Donate 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 Compare. Payout Estimate. Prosus N.V. (PROSY) Dividend Growth History: By month or year. date Ex-div date Pay date Decl. Latest Stock Picks Investing Basics Premium Services. This feature is now exclusively available to. This could indicate that the company has never provided a dividend or that a dividend is pending. In fact, over the past year, the gaps between both Naspers' and Prosus' value and the Tencent stake widened.

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