Nike Soars

  Market Scorecard Two of our biggest holdings on the local market had a great day yesterday, Aspen was up 4.5%, and Naspers was up 5.2%. For Aspen their Chinese milk formula business looks to be worth more than people thought (Aspen's Infant Formula Unit Is Said to Draw Reckitt, Perrigo) and Naspers shot up … Continue reading Nike Soars


Groans over David Jones

  To market to market to buy a fat pig. Yesterday we spoke about Naspers, today we will move onto the first derivative of Naspers, Tencent. The stock is up 126% this year, which has propelled it to become the first Asian company to break the $500 billion market cap milestone. I remember reading about … Continue reading Groans over David Jones

Tencent in their own league, legends

"Revenues grew 52% year-on-year (6.048 billion Dollars for the quarter, this is a real big business), operating profits increased 40% year-on-year when compared to the prior third quarter (2015). Profits increased by 42% year-on-year to 1.614 billion Dollars, there was slippage with operating margins from 39 to 36%."   Attention: One of our sub-tenants is … Continue reading Tencent in their own league, legends