Prosus & Naspers

Referring only to my tactical data/trading commentary as at Friday's close, both PRX and NPN were the only the names suggesting: "Reward-to-risk becoming attractive for a small long position". Here you can possibly add the phrase: "Phase In". As we noted for both PRX & NPN last week (see related), the price could attempt stabilize, with one or two days of weakness before attempt a rebound. With the help of a weaker ZAR and possibly sight of the prospectus (see SENS), both names are higher between 1.45% and 2.11% so far today.