ENXTAM:PRXMultiline Retail
Is Prosus (ENXTAM:PRX) Cheap Following Its Shareholder Approved Distribution?
Prosus (ENXTAM:PRX) is in focus after shareholders approved a new distribution of €0.28 per ordinary share N. Investors can choose between a capital repayment or a cash dividend.
Prosus shares closed at €38.69. The 1-day share price return of 1.79% and 7-day return of 1.03% suggest a short-term lift following the dividend and board announcements. By contrast, the year to date share price return is down 28.09% and the 1-year total shareholder return is down 26.5%, set against a 3-year total...