COMPANY COMMENT: Is there still time for Naspers to repurchase shares?
One of the best investments Naspers could have made in the past five years was the purchase of its own N shares. The share price has shot up from just more than R500 in October 2012 to the current dizzying height of R3,212.11. It is a remarkable story that just never seems to end.Stor-Age, the only pure self-storage play on the JSE, is managing to acquire the best storage stock in SA and is facing little meaningful competition in the process. It just clinched a deal in Durban, giving it a presence in that city for the first time. Stor-Age arguably owns the country’s best-quality self-storage assets. CEO Warwick Lucas and his team have studied this market globally and have delivered strong results since listing.
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