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PROSF - Here's Why Prosus Is Selling At A Hefty Discount
Prosus NV - Class N
Many investors deem Prosus (PROSY) as a noteworthy investment due to the discounted Tencent (TCEHY) stake. Prosus has a 31.1% stake in Tencent, this is equivalent to €127.5 billion and Prosus's market cap is €96.326 billion. Prosus is net cash positive, and this means that they have more cash than liabilities. So buying $1000 of Prosus stock means you own approximately $1320 of Tencent shares, without any debt.
I’m going to explain why this does not imply inventors should buy Prosus stock purely for owning Tencent, since buying Prosus comes with