Jsedirect With Simon Brown

Simon Shares Hello Prosus (JSE code: PRX). Spun out of Nasper (JSE code: NPN) and trading on JSE and Amsterdam Euronext. I expect Prosus to be the better deal as Amsterdam is a larger market for those wanting access to Tencent and the other assets. And the local fun damager saying that Prosus will do well as local fun damagers don't understand tech should hang his head in shame. The issue was simple weighting, one couldn't have Naspers at full weight in a fund, never mind over weight. So they had to decide how under weight they wanted to be and as such a large discount happened. As I record value unlock is some 3% with Prosus at R1,204 and Napsers off R1,100 adding R104 of value. Bottom line for me is that I expect Prosus to be the better asset due to the Amsterdam listing. And the awkward moment was the JSE not reflecting the indices right as they hadn't included Prosus in the indices that Naspers was in. So everything looked real ugly for a while. They fixed it. For next day or two Prosus will live in sam