Simon Shares

• Shoprite* (JSE code: SHP) results, it's all about innovation.
• Strong un International* (JSE code: SUI) update.
• War in Europe, commodities still the story. Very volatile, that's expected. But I expect more upside and I am happy to hold.

Upcoming events;

• • 17 March ~ JSE Power Hour: Geopolitics, inflation and markets

Prosus (JSE code PRX) / Naspers (JSE code: NPN) / Tencent (Hong Kong code: 700)

Tencent has been under pressure

Naspers and Prosus have been hit even harder

Live Prosus discount to net asset value (NAV) is now some 55% after hitting 60%. 

VK (old mail.ru) has been written down to zero.

Generally unlisted is worth a lot less than stated?

Buy / Sell / Hold?

• VIE structure
• China has not taken sides in the war, so far
• Tax on profits if they sell Tencent
• More Chinese crackdowns?
• Prosus has been wasting money from the sale of 2% stake in Tencent?
• Buying back shares
• Buying Delivery Hero (Frankfurt code: DHER)

* I hold ungeared positions.