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Why you must own Naspers, the hottest tech-firm in Africa (or is that China?)

18 November 2014 3:28 PM

Naspers is expensive, but geared for growth. Ashburton Investments’ Nick Crail on why you should just be brave and buy its shares.

Also read the following related article:

- How once tiny Afrikaans publisher Naspers became an emerging market juggernaut

The Naspers share price ended last week on R1600 before pulling back somewhat to R1500. The emerging market juggernaut released a decent trading update but it was an announcement from Tencent that they’ll soon start distributing Warner Music that really shot the lights out.

Naspers own 34 percent of China’s Tencent, the fifth largest internet company in the world after Google, Amazon, Alibaba and Ebay.

“The magnitude of its share price makes people nervous,” admits Nick Crail, Portfolio Manager at Ashburton Investments. “However, if you delve into their operations, it’s all about growth.

“Naspers’ products are desperately wanted by consumers,” says Crail. “The mobile opportunity in China is driving the share price.”

Naspers’ ecommerce businesses have been losing a lot of money up to date but consolidation in key markets should see them starting to generate a profit.

“Pay TV is the cash cow,” says Crail. “It generates a lot of profits in South Africa and there is the potential for immense growth in the rest of Africa.

“Naspers is geared for growth all round. It’s looking good in our view. Just close your eyes and take the wild ride!”

Also read the following related article:

- How once tiny Afrikaans publisher Naspers became an emerging market juggernaut

Also listen to the Soundcloud clip for more detail.


18 November 2014 3:28 PM

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