Loading...
See More

Naspers approaching R1000/share mark

Sep 19 2013 07:37 Sapa


Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1279.50
Change 29.5
% Change 0.02
Cumulative volume 1875450
Market cap 533.53bn

Last Updated: 17/09/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

R100 000 in Naspers over 19 years worth R26m

SA’s invisible mall

Internet boosts Naspers profit

Naspers, Tencent expand in India

Why execs go on sabbatical

Naspers internet businesses turn a corner

 
Johannesburg - Naspers [JSE:NPN], the highest priced share on the Johannesburg Stock Exchange (JSE), was approaching the R1000-a-share mark, the Business Day newspaper reported on Thursday.

Naspers' share price did fall 3.92% to R919 on Wednesday, but it holds a significant lead over the second highest priced share on the JSE, British American Tobacco at R522.28, according to the report.

Even though it is the highest priced share, analysts were still bullish regarding the growth of the multimedia group following gains in associate Asian internet company Tencent, in which Naspers holds a 35% stake.

Tencent's value would rise further as it was one of three dominant internet groups in China, the newspaper reported.

However, Naspers faced two risks in that currency movements would affect its valuation given its close ties to Tencent, and the possibility the Chinese government would approve Facebook's entry into the country.

* Fin24 is part of Media24, a subsidiary of Naspers.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

naspers  |  media
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

17 photo illusions that look so real

What if they aren’t illusions? What if that dog really has a human foot – then what?

 
 

For chic geeks...

It’s THIS easy for someone to steal your ATM pin!
Check out the speed of this robo-cheetah!
New GIF keyboard on iOS for added fun!
Puppy goes crazy over iPad game

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...