Data provided by iNet BFA
Loading...
See More

R100 000 in Naspers over 19 years worth R26m

Sep 13 2013 20:30 Carin Smith

(Shutterstock)

Related Articles

Naspers internet businesses turn a corner

McGregor BFA buying I-Net Bridge

Conditions for big media deal announced

Internet boosts Naspers profit

Naspers, Tencent expand in India

Independent deal gets the nod

 
Cape Town - If someone had invested R100 000 in media group Naspers [JSE:NPN] when it first listed on the JSE, that investment would have been worth R26m today, according to Mof Terreblanche, a director of Stonehage Investment Partners.

"Of course Naspers' investment in Tencent in China has made a great contribution," Terreblanche told Fin24 on Friday.

Naspers celebrated its 19th year on the JSE on Thursday September 12 2013.

According to Terreblance the listing on September 12 1994 was responsible for headlines and new records at the time.
 
The value of Naspers shares on that day was R132.5m - the highest value ever obtained for a single share traded on a given day. The value was equal to 44% of the average daily turnover of R300m.

The listing price was R17.50 per share and the closing price after the first day's trading was R21.00 per share.

Just after lunchtime on Friday September 13 2013 the shares traded at R941.39 per share - up 0.13% from Thursday's record close of R940.15.

Terreblanche said the capitalised value of Naspers on the day of listing was R2.3bn on a share price of R21. On September 12 2013 it was R387.79bn on a share price of R932.

Naspers is currently the fourth largest company on the JSE by capitalised value. According to Terreblanche it is also the biggest company on the JSE with a primary listing in South Africa.

Ton Vosloo, chairperson of Naspers, told Fin24 on Friday that he remembers the first listing 19 years ago as a very exciting time.

He had quite a task to persuade some of the directors at the time to agree to such a listing. These directors were worried about creating opportunities for take-overs in the future.

MNet, in which Naspers had the biggest stake at the time, was part of the listing and added value, according to Vosloo.

At that time Naspers’ biggest income was derived from newspapers, magazines, books and printing.

"Once the internet came along and turned the world upside down, the media domain changed,” said Vosloo.

“We still keep print media going, because of the important role it plays in South Africa.”

He credits Naspers CEO Koos Bekker for leading the group on its growth path.

Today, Naspers is active in more than 130 countries, with investments in China and Russia being some of the most important.

“We are happy about the value we could create for our shareholders and think we can still explore many more opportunities in the future,” said Volsloo.

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

- Fin24


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

naspers  |  media  |  ict
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
20 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

10 tips for financial planning

Financial planning is the first step towards a better financial future.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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