Title page for ETD etd-03272010-161624


Document Type Master's Dissertation
Author Spratt, Justin
URN etd-03272010-161624
Document Title Analysis of why high growth internet companies in South Africa trade at a premium over "traditioal" companies upon buyout or listing
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Mr G Fisher Supervisor
Keywords
  • information technology
Date 2008-04-04
Availability unrestricted
Abstract

The last decade has provided some valuations of internet companies that defy traditional financial models. The stock market crash of 2001 corrected and cleaned out much of the misallocated capital. However, internet Companies in both America and South Africa still trade and sell at significant premiums versus their industrial counterparts.

There are also clear and distinct differences in growth patterns that accompany valuations of successful companies. It appears that revenue growth timelines can be successfully compressed when compared hose of traditional industrial companies. Google, Amazon, Yahoo and eBay are good examples of this phenomenon, growing at rapidly, and turning a profit in equally short measure.

This paper examines these internet premiums in South Africa, what the legitimate accelerated revenue premiums are and what can be discarded as bubble-type hype.

© 2007 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Spratt, J 2007, Analysis of why high growth internet companies in South Africa trade at a premium over “traditional” companies upon buyout or listing, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03272010-161624/ >

G10/196/ag

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