The investment community can sometimes display a marked lack of manners. When a company has put in a belter of a performance that has made an investor richer than Croesus’s more successful brother and guaranteed a couple of extra zeros on the bonus year after year, any connoisseur of etiquette might expect him or her to react with a neatly phrased thank-you letter and perhaps a beaker or two of the blushful Hippocrene. It seems more than a little ungrateful to head to the opposite extreme and come over all Oliver Twist.Naspers has reported another cracking set of results, largely on the back of its wildly successful investment in Tencent. So it may have been surprised to receive an all-guns-blazing, three-deck broadside from the usually peaceful shores of Lake Geneva. The Swiss may be better known for fully priced horology and weapons-grade confectionery than intercontinental ballistic messages, but this particular example refers with some vehemence to the discount at which the Nasp...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.