Naspers is classified

Naspers, what has happened there? Here it is: Global classifieds platforms combine to deliver superior customer experience. It looks rather complicated, deals with Schibsted Media Group (from Norway), Telenor Group (also Norwegian) and Singapore Press Holdings (no surprises, from Singapore) have teamed up with Naspers, the common partner, to establish JV's in Brazil, Indonesia, Thailand and Bangladesh. I checked the demographics there, Brazil has more than 200 million people, Indonesia, more than 250 million, 66 million people in Thailand and lastly Bangladesh, 157 million people. Astonishing really, nobody is suggesting instant success, Naspers and their partners can replicate their successes in other emerging markets, China, Eastern Europe and India, in classifieds. It is all part of the sharing economy.

There is a conference call during the course of the morning here and then an archived call for around 7 days. I will try and listen in, again, I wish that there was a transcript. The market has received this news favourably, meaning more businesses for Naspers in developing countries around the world, and in true style, finding a willing and energetic partner to drive the collective businesses forward.

In other news related to the big stake in the business that delivered results just the other day -> Tencent Rises on China Distribution Deal With Warner. Nice, all happening.

Again, many are unable to know how to value Naspers, it is a sum of the parts valuation method and not an out and out earnings company. And now that Naspers will be building all sorts of different businesses around the world, this is again geographic diversification. Naspers is up (tighten your seatbelt) at time of writing, around ten percent, perhaps the shorts are getting squeezed out of sight, perhaps some people starting to realise that a normal valuation metrics need to be adjusted.