Naspers at R2525 a share is a wonderful bargain! - Paul Theron (Vestact MD)

US tech stocks got hammered on Monday.

Apple lost 2.5 percent while Alphabet (Google), Facebook and Microsoft were also down.

The value of American technology stocks has skyrocketed to its most expensive level since 2008, in terms of price-to-earnings ratio.

US tech stock fears spilled over to the JSE as Naspers closed down 5.89% to R2525 per share.

What is going on?

The Money Show’s Bruce Whitfield interviewed Vestact MD Paul Theron.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Today those stocks are up sharply! You [Bruce Whitfield] should be embarrassed for phoning me!

Paul Theron, Vestact

It [the drop in value of tech shares] has to do with loss aversion.

Paul Theron, Vestact

These are wonderful companies! They’re going up because they deserve to go up!

Paul Theron, Vestact

YouTube is grabbing eyeballs like TV used to in the past.

Paul Theron, Vestact

Tencent is a brilliant, brilliant business!

Paul Theron, Vestact

Naspers trades at a level that grossly underestimates its stake in Tencent.

Paul Theron, Vestact

If you can buy Naspers today at R2525; it’s a wonderful bargain!

Paul Theron, Vestact

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to build a business that will survive constant technological change

How to build a business that will survive constant technological change

The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.

How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

Will Government hit punch-drunk South Africans with more tax hikes in 2019?

Will Government hit punch-drunk South Africans with more tax hikes in 2019?

Revenue collections are surprisingly good, so far, thanks to the VAT hike. Bruce Whitfield interviews PwC's Kyle Mandy.

9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

'Sars eFiling is stable, at the moment'

'Sars eFiling is stable, at the moment'

Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Popular articles
#Changemakers2018: I don't like talking about myself, but I need to - Ray Zondo

#Changemakers2018: I don't like talking about myself, but I need to - Ray Zondo

At the #Changemakers2018 conference, Deputy Chief Justice of SA Raymond Zondo spoke about the struggles he faced growing up.

The Polo GTI has got that vrrrpha mentality written all over it - Jacob Moshokoa

The Polo GTI has got that vrrrpha mentality written all over it - Jacob Moshokoa

Automotive Journalist, Jacob Moshokoa shares his views of the Polo GTI 2018, and chats about the vrrrpha mentality among young men

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.