Investec Share Discussion Threads

[davebowler] 08/11/2023 16:21

We are pleased to advise that the guidance has been updated as follows:


1H2024 range 1H2023
Adjusted EPS
- p 38.0 to 39.0 32.9
-------------- -------
Basic EPS
- p 69.0 to 70.0 50.6
-------------- -------
HEPS - p 36.5 to 37.5 32.0
-------------- -------

[kalai1] 22/9/2023 14:21

Investec plc issued a pre-close Trading Update for the interim period ending 30 September 2023 this morning. The combination of Investec Wealth & Investment UK with the Rathbones Group has completed. For the six months ending 30 September 2023, the Group expects Adjusted earnings per share between 35.5p and 37.5p (8.0% to 14.0% ahead of prior period) on Adjusted operating profit before tax between £428.7 million and £449.6 million, with ROE to be around the mid-point of the Group's target range of 12% to 16%. Valuation is attractive with forward PE ratio at 6.5x in the top quintile for the IB&IS sector. The Group remains well capitalised with strong liquidity. The share price lacks near term momentum, but remains in a longer run uptrend which should extend in coming years. INVP is one for the long run. BUY...

...from WealthOracle

[netcurtains] 22/6/2023 10:15

I think some people assume high interests are bad for banks, but in fact, provided
we dont go into a steep recession, its a self evident truth that high interest rates
are good for banks. That is how they make their money. 😀

[netcurtains] 06/6/2023 10:24

Interesting Investec, over the past few days, has been buying shares.

[netcurtains] 24/5/2023 16:28

just bought a couple
Seemed a good day to buy stuff.

[skinny] 04/4/2023 07:05

Key Highlights

The Boards of Rathbones and Investec Group believe that the Combination will unlock significant scale benefits through the creation of the UK's leading discretionary wealth manager with approximately GBP100 billion of FUMA.

In particular, the Boards of Rathbones and Investec Group believe the Combination will:

-- enhance the client proposition across investment management, financial planning, fund management and banking services;

-- create a leading multi-channel distribution capability across private clients, intermediaries and charities, through an expanded network across 23 locations in the UK and Channel Islands;

-- attract and retain the best industry talent through a leading employee proposition;
-- leverage Rathbones' investment in technology and operating model to deliver an optimal client experience whilst improving operating efficiency across the larger combined business;

-- deliver significant value creation through the strong fit between the two operating models, with target annual run-rate cash synergies of at least GBP60 million, driven primarily by cost savings as well as higher net interest income;

-- support the Enlarged Rathbones Group in maintaining a resilient capital position, progressive dividend policy and continued strategic investment; and

-- establish a long-term, strategic partnership between the Enlarged Rathbones Group and Investec Group to leverage attractive collaboration opportunities.

[minsky] 23/3/2023 16:44

Copy and paste from the Trading Statement 16 March:

For the year ending 31 March 2023, the Group expects:

-- Adjusted earnings per share between 66p and 70p ( 20% to 27% ahead of prior year) (FY2022: 55.1p).

-- Basic earnings per share between 83p and 87p ( 60% to 67% ahead of prior year) (FY2022: 52.0p), positively impacted by the gain on the implementation of the Ninety One distribution in May 2022.

-- Headline earnings per share between 65p and 69p ( 22% to 29% ahead of prior period) (FY2022: 53.3p).

-- Adjusted operating profit before tax between GBP782.8 million and GBP833.6 million (FY2022: GBP687.4 million).

o UK business' adjusted operating profit to be at least 15% higher than prior year (FY2022: GBP302.8 million). Specialist Bank expected to be at least 30% higher than prior year (FY2022: GBP193.7 million).

o Southern African business' adjusted operating profit to be at least 10% ahead of prior year in Rands (FY2022: R7 812 million, GBP384.6 million). Specialist Bank expected to be at least 15% higher than prior year in rands (FY2022: R7 104 million, GBP349.4 million).

[minsky] 15/12/2022 16:19

13 Dec ANC voted against impeachment of President Ramaphosa.

[robizm] 01/12/2022 14:05

President impeachment

[brain smiley] 01/12/2022 13:51

Both Investec and Old mutual down big.Anyone know a reason ?

[mo123] 28/10/2022 10:21

Sold most of my shares this week. Didn't expect such a strong rebound, will wait to see if 390 retested.

[mo123] 04/10/2022 18:15

The share buyback program of around £60M, ends same day that the int figures are due to be released.

[mo123] 03/10/2022 15:09

Few small buys today with a 'view' that the worst is now pretty much priced into markets.
Public Investment Corporation SOC Limited ups their holding.

Consensus div of 26p this year and a juicy 29p the following year.

[mo123] 30/9/2022 15:13

Berenberg were reiterating a buy this week, with a target of 540p.

[cassini] 29/9/2022 11:21

Market conditions.

[ponyten] 29/9/2022 09:16

Anyones thoughts on why the drop? Just due to general market conditions? Thought the results were quite good myself.

[mo123] 23/9/2022 10:15

The group is well capitalized with strong liquidity
ROE rising.
Mkt facing businesses taking a hit but investment income up.

World facing an uncertain future and the rand still falling but will hold for the expected div income of around 26p, div yield of 6.5% at £4 share price.

A very volatile share so on a bad day it could fall to that support level at 374.

interim results due Nov 17th.

[ponyten] 23/9/2022 09:05

Decent update it seems!

[mo123] 22/9/2022 09:14

TU tomorrow.

[mo123] 11/9/2022 13:40

Hopefully $ strength will fade and commodity prices increase sometime in the 4th quarter.

Think the shares are being hit because the mkt sees the co. as an enterprise working in an EME country alongside a weakening rand, despite the fact it has worldwide operations.