If I buy a tencent share with 500hkd, and in Q4 they report a EPS 20 HKD, can I say I earn 20HKD?
In theory, yes, I own part of the company and it earn 20 HKD, but in fact I will not receive this 20 HKD.
I can't use it to buy food or develop my own business.
How can I earn money ?
The company pay a dividend or because of reinvestment the stock price goes up.
This is how individual investor make money, and prosus is the same.
Do you think prosus can use tencent's revenue to do anything?
If there is not a surge of tencent stock price , then prosus wouldn't be that attractive.
During share buyback, daily volumn is about 2M, about 400k were bought by buyback program, about 20%, with this amoung of buyback, the stock price is just able to keep flat~ so what is happing now is not a surprise.
But prosus may not drop that much, Air France is still trading above 4 euros.
Just my thought hopefully give you some ideas from the other side, I could be wrong or biased.