Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Rocket Internet SE    RKET   DE000A12UKK6

ROCKET INTERNET SE

(RKET)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Rocket Internet : PLDT eyes sale of remaining stake in Rocket Internet

share with twitter share with LinkedIn share with facebook
11/08/2019 | 12:21pm EDT

PLDT eyes sale of remaining stake in Rocket Internet !-- -- Richmond Mercurio (The Philippine Star) - November 9, 2019 - 12:00amMANILA, PhilippinesPLDT Inc. is looking at next year to monetize its remaining stake in Berlin-based Rocket Internet currently valued at about P2.5 billion.

PLDT chief finance officer Anabelle Chua said the company is unlikely to dispose of its remaining stake in Rocket Internet within the remainder of the year, but may look at doing so next year instead. "In terms of our Rocket Internet position, we're down to 1.

9 million Rocket shares. That's traded in the market, so we're free to dispose of that anytime there is a good opportunity out there," she said.

"So not likely this year, but sometime next year. We will again seize an opportunity to monetize that.

That's roughly equivalent to about P2.5 billion in market value," Chua said. Rocket Internet is a Berlin-based company that builds online startups and owns shareholdings in various internet retail businesses.

The internet company focuses predominantly on sectors such as food and groceries, fashion, general merchandise, and home and living. PLDT, which invested 333 million euros in Rocket Internet in 2014, sold a portion of its 6.

1 percent stake in Rocket Internet last year for P10.5 billion. The amount raised was used to fund the company's record capex budget of P58 billion in 2018. The transaction resulted in PLDT's stake being reduced to two percent.

"I think taken from a purely financial perspective, it was a misstep. A small misstep, but a giant step towards realizing ourself investing in digital.

On the whole, it turned out to be not so bad. In a way, we have to be patient on these things," PLDT president and chief executive officer Manuel V.

Pangilinan said referring to the company's investment in Rocket Internet. Pangilinan earlier said there is no pressure on the part of PLDT to dispose of the remaining stake in Rocket Internet.

Last year, he said the company might dispose again some more shares this year, depending on market conditions.

© Pakistan Press International, source Asianet-Pakistan


share with twitter share with LinkedIn share with facebook
All news about ROCKET INTERNET SE
10/09ROCKET INTERNET SE : Release according to Article 40, Section 1 of the WpHG [the..
EQ
10/01ROCKET INTERNET SE : Rocket Internet Launches Public Delisting Self-Tender Offer
PU
10/01ROCKET INTERNET SE : Rocket Internet SE Launches Public Delisting Self-Tender Of..
EQ
09/28ROCKET INTERNET : Voting results
PU
09/24ROCKET INTERNET SE : Extraordinary General Meeting 2020
PU
09/24ROCKET INTERNET SE : Release of a capital market information
EQ
09/24GLOBAL MARKETS LIVE : Ion Media, Costco Wholesale, Tesla…
09/24ROCKET INTERNET SE : Extraordinary General Meeting 2020
EQ
09/22ROCKET INTERNET : Report of the Management Board on the acquisition of treasury ..
PU
09/22ROCKET INTERNET : Proposal A - Countermotion by Shareholder Mr Thorsten Dürre to..
PU
More news
Financials
Sales 2020 70,3 M 82,8 M 82,8 M
Net income 2020 -13,0 M -15,3 M -15,3 M
Net cash 2020 1 291 M 1 520 M 1 520 M
P/E ratio 2020 -207x
Yield 2020 -
Capitalization 2 524 M 2 973 M 2 972 M
EV / Sales 2020 17,5x
EV / Sales 2021 17,1x
Nbr of Employees 404
Free-Float 52,0%
Chart ROCKET INTERNET SE
Duration : Period :
Rocket Internet SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROCKET INTERNET SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 23,75 €
Last Close Price 18,60 €
Spread / Highest target 45,2%
Spread / Average Target 27,7%
Spread / Lowest Target 7,53%
EPS Revisions
Managers
NameTitle
Oliver Christian Samwer Chief Executive Officer & Chief Financial Officer
Marcus Englert Chairman-Supervisory Board
Johannes Bruder Chief Operating Officer
Ronny Rentner Chief Technology Officer
Norbert Lang Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ROCKET INTERNET SE-15.84%2 958
ALIBABA GROUP HOLDING LIMITED44.89%831 469
MEITUAN DIANPING154.17%201 703
SHOPIFY INC.168.43%130 069
PINDUODUO INC.122.16%100 625
MERCADOLIBRE, INC.122.29%63 200