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NPN

UPDATE: Naspers target to R1,591 on the way - WARNINGWe'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental moves throwing in 1s and manipulating the market on only technicals. Well, we sent out a short potential analysis as we expected the price to drop. A Strong M Pattern formed. Broke down. Next few days gapped up and almost reached the stop loss. Today the price dropped over 17%. And now it looks like there's further downside to come. But don't take my word for it because Naspers is probably one of the most difficult markets to probability predict. Let's get into the basics of the fundamentals that took place today: WHAT HAPPENED TO NASPERS AND PROSUS? #1: Naspers and Prosus, the global internet and media companies, experienced a significant plunge in their share prices on Friday due to new Chinese tech regulations impacting Tencent. #2: Beijing unveiled measures aimed at curbing spending in online games, affecting major players in the tech sector, including Tencent. #3: The share prices of Naspers and Prosus fell sharply by 17% and 14%. #4: The decline was triggered by concerns over the potential impact of the regulatory changes on Tencent and other companies operating in the sector.
JSE:NPNShort
by Timonrosso
Naspers after a long YEAR fight - Bears have wonIt's been a trying time for Naspers Media company. Since January 2023, up until October 2023. The price has moved in a sideways range and has failed to break either way. That was un 18 October 2023, where the price pierced through a solid neckline of an M Formation, Since then, it's entered into bear market territory along with the JSE ALSI 40. The signs are all pointing down for now and we are more selling to come. Other indicators show downside. 200>21>7 RSI<50 Target R2,367.00
JSE:NPNShort
by Timonrosso
Naspers UPDATE on its way to the target at R4,000Falling Wedge Formation is evident on the daily chart. The price is still consolidating around the apex. We need the price to break up and out of it to confirm upside to come. 7=21 Price >200 RSI>50 Target R4,000 ABOUT THE COMPANY 2023 Naspers was founded in 1915 as a newspaper publisher in South Africa. The company is headquartered in Cape Town, South Africa. Naspers is one of the largest media and technology companies in the world. The company's most valuable asset is its stake in Tencent Holdings, a Chinese multinational conglomerate that operates several popular social media and gaming platforms. Naspers is the largest shareholder in Tencent, owning approximately 31% of the company. In addition to its stake in Tencent, Naspers also has significant investments in other internet and technology companies, including Mail.ru, Delivery Hero, and Prosus. Naspers' core businesses include online classifieds, payments and fintech, food delivery, and education technology. The company operates in over 120 countries. Naspers was one of the early investors in the Chinese e-commerce giant, Alibaba, and made a substantial profit when the company went public in 2014. The company also owns the South African online retailer, Takealot. Naspers has a market capitalization of over $100 billion as of April 2023. In 2019, Naspers spun off its international internet assets into a separate company called Prosus, which is listed on the Euronext Amsterdam exchange.
JSE:NPNLong
by Timonrosso
JSE:NPN NASPERS Do Not Get Sucked into Yesterdays RecoveryWe have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a consolidation range is starting, but it still looks like more weakness to come.
JSE:NPNShort
by SteynTrade
2
Naspers Buy Looking at long opportunities on NPN with the market having corrected to retest the breakout from the previous monthly high. Market is poised to move higher to break previous monthly highs. Prosus NV and Tencent Holdings Ltd. are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector. The Dutch e-commerce group and Chinese developer of the WeChat app led a funding round of $80 million that BUX will use to expand its zero-commission investment platform. With increased investments in its e-commerce space, this will give investors more confidence on the company's future share growth. E-commerce is a continuous market space that is vast in opportunities to diversify investments.
JSE:NPNLong
by Nasdaq_Diaries
2
JSE:NPN Naspers Markdown in Phase D DistributionFollowing the weakness in Naspers - see posts below - since December we are now being marked down in Phase D as defined by the Wyckoff distribution range. We have seen a couple of tests of the highs that have failed and we are likely seeing a transfer of stock from strong to weak hands. We are now anticipating a break of the upsloping distribution range. Distributions can often be quite dramatic so watch for some sudden moves. Manage your risk.
JSE:NPNShort
by SteynTrade
2
Naspers - an interesting growth stockThe poster child of the South African stock market over the last several years has undoubtedly been Naspers, with its largest holding in Tencent. I’ve tried to come to grips with the company and its individual parts which will take a bit more time, however, several things become apparent in the information at hand. Naspers has been able to grow its revenue at a phenomenal rate for more than a decade. Its revenue peaked in in 2016 with a fall of over 50% in its 2017 reported revenue. Since then, its continued to grow its revenue and earnings per share. Its average free cash flow margin over the last 5 reported years ending 2020, is around -2.71%. Its average EBITDA over the last 5 reported years ending 2020, is also negative at around -6.51%. This typically isn’t an issue if the company continues to grow its revenue as it has in the past whilst investing in new and exciting ventures. Its debt to revenue has steadily been increasing and now sits at over 100%. There are a few concerns that I have regarding the “health” of the company’s financials, however, it needs to be taken into perspective with the future growth strategy of the company. Based on the chart it appears that a wedge pattern has formed above the long-term channel. Maybe this suggests a possible breakout within the next 2-3 weeks? Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
JSE:NPNLong
by JesseMorgans
JSE:NPN Naspers Reversal BarI started to look at the signs of weakness in Naspers in December - see post below - but after a good rally in January I thought that I may have read things incorrectly. However, now after an upthrust action and failed test of the highs on lower volume, we have seen a significant reversal bar. The size of the daily bar is larger than any bar for some time. This could mean that following the Wyckoff theory that we have only now seen the up trust (UT) and test in Phase C and a markdown in phase D is likely to start and then further down the line a further markdown out of the distribution up sloping trading range.
JSE:NPNShort
by SteynTrade