Simon's weekly wrap: Is now the time to buy bitcoin? : compa

Simon's weekly wrap: Is now the time to buy bitcoin?


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Simon’s weekly wrap: Is now the time to buy bitcoin?
This week MoneywebNOW looked at Pepkor’s interims, Afrimat’s latest acquisition and whether the Naspers/Prosus share swop will work.
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The deal whereby Prosus will swop its shares for Naspers shares is another attempt to close the discount to the Tencent holding, but will it work? I spoke with Mike Gresty from Anchor Capital on the subject. He has run the numbers and does expect a modest single digit uplift in price. But he’s concerned with the cross-holding complexity and reminds individual shareholders that swopping Naspers shares will results in a tax event which also needs to be considered.

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