Investec Share Discussion Threads

[bamboo2] 13/12/2014 09:54

OX, yes a crazy fall. Based on previous similar falls a turn should occur in a few days. I will keep a close eye. Price has broken through to 250sma [total trading days in a year].








Could be a great top up point in the next day or two, watching closely...

[its the oxman] 12/12/2014 20:17

Crazy fall. Just got to sit tight. Wider market wobble, nothing specific to invp operationally.

[bamboo2] 11/12/2014 14:04

Hi OX, I just joined you at 531.5.
It could still go a little lower, but think we are near to the turn.

[its the oxman] 10/12/2014 08:57

Wrong again. Think I will wait for your 525p now.

[its the oxman] 09/12/2014 09:13

Added again c.554p

[bamboo2] 08/12/2014 08:37

mmm, sorry to see that, Charts say another day or two should see a turn.
Rand [lower small chart in header] has fallen.
Wonder if they'd ever think about a split into two banks? One RSA based, the other UK.

[its the oxman] 08/12/2014 08:33

Definitely too early.

[its the oxman] 04/12/2014 09:14

Probably too early but took profits elsewhere and bought back in 578p yesterday. Div will take my entry price down to 570p and then looking for recovery back over 600p to make it worthwhile. I like Investec. Well managed, good brand and growth opportunity - although director trades have all been sales for a while. See this as a reaction to improving share price and business turning around. Key is that this trend should hopefully continue further and with it the share price to 700p and beyond. Or at least that is the dream.

[bamboo2] 02/12/2014 23:49

True.
The target at 700 is still on within first three months of 2015.
A change in the fortune of the Rand could set this off!

[its the oxman] 02/12/2014 23:43

Yes that would be nice just not sure market will give that much up this side of Xmas.

[bamboo2] 02/12/2014 23:42

Hi OXMAN, It could hit as low as 525 intraday. I'll be looking to buy below 550 if possible.

[its the oxman] 02/12/2014 23:38

Bit suprised by the fall but not overly dramatic. Will be tempted to buy back if it sinks below 570p.

[bamboo2] 01/12/2014 08:39

why the sudden fall in sp? any ideas OX?

Could be on for a buy in at 550 at this rate. Prob take a few days. Will look at chart later.

[bamboo2] 21/11/2014 14:53

OX, Well played. I missed the low and have been waiting for an entry back in around 550, but it has got away from me. Earlier chart target still seems possible. Let me know if and when you decide to get back in. cheers.

[its the oxman] 21/11/2014 13:30

Sold again 605p

[its the oxman] 25/9/2014 21:41

Good call I guess, Bamboo as now 525p. I also sold some at 563p just not enough. Now getting tempted to add some more.

[bamboo2] 23/9/2014 18:22

I joined in the selling today when we dipped below 550. Going away to work for a while and not sure I will be near a comp. gla.

[its the oxman] 19/9/2014 11:21

Update reads quite positively to me. Not sure how earnings forecasts have moved after all the changes though.

[bamboo2] 18/9/2014 21:45

Good volume before the briefing tomorrow.
Some time ago there was mention of a special dividend...

[bamboo2] 15/9/2014 09:11

15 September 2014

Sale of Start Mortgage Holdings Limited

Summary

Investec has reached an agreement to sell its Irish intermediated mortgage business Start Mortgage Holdings Limited ("Start") together with certain other Irish mortgage assets (the "Transaction Group") to an affiliate of Lone Star Funds, subject to regulatory approval.

Details of the transaction

-- The transaction supports Investec's strategic objective to simplify and reshape its specialist banking business and together with the sale of Kensington Group Limited (still subject to approval) substantially reduces the assets within its legacy non-core business.

-- The Transaction Group includes Start's mortgage origination platform, brand, operations, and employees. The Transaction Group includes all of Start and certain other Irish mortgage-related financial assets and liabilities

-- For the year ended 31 March 2014, the Transaction Group reported a loss before taxation of GBP21 million, had gross assets of GBP540 million and approximately 70 employees.

-- Investec's funding line to the Transaction Group, which was approximately GBP270 million as at 31 March 2014, is to be repaid entirely at completion.

-- On a proforma basis, as at 31 March 2014, it is estimated that this transaction will result in an increase in adjusted earnings per share from 38.0p to 40.0p and will result in a decrease in net asset value per share from 308.7p to 299.1p.

-- On a proforma basis, as at 31 March 2014, it is estimated that this transaction has a marginal negative impact on capital ratios. Taking into account this transaction, the sale of Kensington Group Limited and the recent sale of Investec Bank (Australia) Limited, the common equity tier 1 ratio of Investec plc is expected to increase from 8.8% at 31 March 2014 to approximately 11.1% and its leverage ratio is expected to increase from 7.4% to about 8.9%.
-- Completion is expected towards the end of 2014 and is subject to regulatory approval

[bamboo2] 15/9/2014 07:34

Invitation: Investor (pre-close) briefing
19 September 2014

The management of Investec invites you to our investor (pre-close) briefing. The presentation will focus on developments in the core business areas and the group since the release of our year end results.

A satellite from the Investec office in South Africa will link up with Investec in London.

Date Friday 19 September 2014
Time
09h00 (UK time)

[bamboo2] 09/9/2014 08:30

I had hoped for a greater sale price for Kensington.

Looks like Start Mortgages is still on the table.