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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Investec Plc | INVP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -0.09% | 542.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 539.00 | 536.50 | 543.50 | 542.00 | 542.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 16/3/2022 14:32 by yump That was a heck of a drop - shook me out of half of my holding on its way down past 400p as clearly broken recent uptrend and have too much invested. Be interesting to see if the N19 value is in the price - ie. once date is known, will price rise by the N19 value and then drop after the date, or is that value in the price already as it will mainly be distributed to existing investors, not ones that buy in just for the distribution. |
Posted at 25/11/2021 15:31 by mo123 Decent chance of seeing 400 next week with investors buying in for the div. and the possibility that the BOE will hike rates a week later.Trust me, say something and inevitably the opposite will happen. It will take scientists around 3 weeks to see if the vaccines work against the new strain of virus. No unusual symptoms have been reported following infection with the B.1.1.529 variant and, as with other variants some individuals are asymptomatic, South Africa's NICD said. Still early days and uncertainty will remain for now. |
Posted at 25/10/2021 21:17 by cjd190573 ….wonder which hedge fund/ rich investor got that article published? Someone wants some cheaper shares, especially now (co-incidentally) that Investec spiked at £3.50 last week. Worth also remembering that N91 was exactly the same Investec people at the time. |
Posted at 23/9/2021 06:03 by skinny .Investec today announces its scheduled pre-close trading update for the interim period ending 30 September 2021 (1H2022). An investor conference call will be held today at 09:00 UK time /10:00 South African time. Please register for the call at www.investec.com/inv Commentary on the group's financial performance in this pre-close trading update represents the five months ended 31 August 2021 and compares forecast 1H2022 to 1H2021 (30 September 2020). 1H2022 earnings guidance For the six months ending 30 September 2021, the group expects: -- Adjusted operating profit before tax between GBP265 million and GBP293 million (or 86% to 106% ahead of 1H2021) (1H2021: GBP142.5 million). o The Southern African business' adjusted operating profit at least 50% ahead in Rands for the period (1H2021: R2 184 million, GBP99.1 million). o The UK business' adjusted operating profit at least 125% higher than the prior period (1H2021: GBP43.4 million). -- Adjusted earnings per share between 21.5p and 24p (or 92% to 114% ahead of 1H2021) (1H2021: 11.2p), -- Basic earnings per share between 20.2p and 22.7p (or 110% to 136% ahead of 1H2021) (1H2021: 9.6p), and -- Headline earnings per share between 20.2p and 22.7p (or 120% to 147% ahead of 1H2021) (1H2021: 9.2p). 31 March 2022 (FY2022) earnings range Based on current business momentum, for FY2022, the group expects to report adjusted earnings per share above the upper end of the 36p to 41p range guided in May 2021. Group overview Performance for the five months ended 31 August 2021 was characterised by good growth in revenue and lower impairments. -- Revenue was positively impacted by increased client activity across the business and lower funding costs. Risk management and risk reduction costs associated with the UK structured products book were immaterial. -- ECL charges were lower, aided by limited specific impairments and certain recoveries. The group has retained COVID-19 related overlays to account for the uncertainty that remains in the economic environment. -- Operating costs have increased in line with activity and revenue levels; however, efficiency ratios have improved as revenue increased ahead of costs. -- The average Rand/Pounds Sterling exchange rate appreciated by c.9% over the period. The group's trading performance was substantially ahead of the comparative period ended 31 August 2020 and in line with the pre-COVID comparative period ended 31 August 2019. This recovery in performance underscores the resilience of our client franchises. The group is well capitalised and has strong liquidity, above Board approved minimums. The business continues to focus on its commitment to clients, offering them an "Out of the Ordinary" service and innovative solutions. The changes made to simplify and focus the group are bearing fruit, positioning the group well for the future. Divisional review The Wealth & Investment business grew funds under management (FUM) by 9.9% to GBP63.8 billion at 31 August 2021 (31 March 2021: GBP58 billion) supported by net inflows of GBP1.4 billion, favourable market movements and investment performance. Operating margin was higher in the UK, while flat in SA. -- In the Southern African business, FUM increased by 9.5% to R364.5 billion (31 March 2021: R333 billion), with net inflows of R16.7 billion. Adjusted operating profit for 1H2022 is expected to be ahead of the prior period in Rands (1H2021: R264 million, GBP12.0 million). -- In the UK business, FUM increased by 9.0% to GBP45.4 billion (31 March 2021: GBP41.7 billion) with net inflows of GBP0.6 billion. Adjusted operating profit for 1H2022 is expected to be ahead of 1H2021 (1H2021: GBP28.9 million). Within Specialist Banking , core loans grew by 6.5% to GBP28.2 billion at 31 August 2021 (31 March 2021: GBP26.4 billion) given increased activity levels and good client acquisition within private banking across both geographies. The UK experienced increased demand for corporate credit across a number of portfolios while SA corporate credit demand remained largely muted. Net interest income (NII) benefitted from higher average lending books and lower cost of funding as liabilities repriced. Higher point of sale activity, lending turnover, and client flow trading volumes underpinned the growth in non-interest revenue (NIR) over the period. Impairments were lower due to limited specific impairments and continued recoveries over the period. Cost to income ratios improved as revenue grew ahead of costs. -- In the Southern African business, core loans increased by 1.8% to R292.5 billion (31 March 2021: R287.3 billion). Adjusted operating profit for 1H2022 is expected to be higher in Rands for the period (1H2021: R2 049 million, GBP92.9 million). -- In the UK business, core loans grew by 9.2% to GBP13.5 billion (31 March 2021: GBP12.3 billion). Adjusted operating profit for 1H2022 is expected to be ahead of 1H2021 (1H2021: GBP12.9 million). Adjusted operating profit from Group Investments is expected to be ahead of 1H2021 (1H2021: GBP13.2 million) as investee companies' profitability recovered given the improving economic environment. Group costs are expected to be lower than the prior period (1H2021: GBP17.3 million). more...... |
Posted at 01/7/2021 08:45 by rcturner2 Stamp duty in the UK is 0.5% on transactions. You have to be a terrible investor for that to be a factor in your return. |
Posted at 05/6/2021 09:19 by mo123 Will the RAND continue to rise on the commodity boom and an improved growth outlook?The US government’s new $2.25 trillion infrastructure plan has pushed industrial metals to near-record highs, says Lukman Otunuga, senior research analyst at FXTM. “Given that raw materials account for roughly one-third of South Africa’s exports, the local currency has the potential to extend gains,” Otunuga says. In addition, independent analyst Johann Biermann believes the currency was bolstered by news from SA Revenue Service (SARS) that it collected R38 billion more in tax for the past year than Treasury estimated in February. Total net revenue collection for the year to March was R1.25 trillion – while 8% lower than in the previous year, much better than expected at the height of lockdown in 2020. This is part of a more encouraging picture emerging about South Africa’s fiscal situation. Government finances are looking far from healthy after being ravaged by the pandemic and years of state overspending. But it appears that many investors’ expectations for South Africa’s prospects have been too negative, says Old Mutual Investment Group chief economist Johann Els. “South Africa is still not in the clear, and there’s a still a long way ahead, but the latest national budget looked much better than many expected,” Els said. In addition, it looks as if the SA economy may also outperform expectations this year, with the IMF becoming the latest institution to upgrade its growth outlook for South Africa (from 2.8% to 3.1%). |
Posted at 20/5/2021 10:06 by boozey Given the share price has gone up the best part of 50% in the last 6 weeks this morning's statement should come as no surprise. As always privileged people would have been in the know about this. For retail investors it is a case of picking up the crumbs unless you happen to be a long term holder which fortunately, for once, I am. Reference NAV those figures will be published tomorrow in the results, but even if there is no improvement in NAV from original guidance we are still 33% below the bottom end of the closing trading NAV guidance statement. Thus in summary the risk reward is favourable here. That said given the significant rise in the share price in recent weeks there may be a short term retrace.Investec was described last weekend by Investors Chronicle as one of their 12 ''dirt cheap'' stocks. On the basis of this morning's RNS one can see why. Note that yesterday N91 in which INVP has a 25% plus stake had positive results. The stars seem to be aligning well. Reasonable dividend too. Overall a good long-term buy & hold. |
Posted at 15/5/2021 18:01 by boozey Yesterday Investors Chronicle published a list of 12 dirt cheap shares - Investec is number 8 on the list - this despite the fact the share price has increased nearly 50% in the last 6 weeks! |
Posted at 11/2/2021 16:35 by mo123 The South African Rand is a currency that is often correlated to risk and emerging market sentiment. As a result of this, the Rand has seen strong gains in recent weeks as markets become more confident in buying emerging market assets.Today, the South African Rand is one of the best performing major currencies. Investors are buying the Rand ahead of a State of the Nation speech from South Africa President Cyril Ramaphosa. Markets are cautiously optimistic that Ramaphosa could hint at more government support to help the nation tackle the coronavirus pandemic. From Currency news |
Posted at 21/5/2020 16:01 by investor0109 Boystown- quite agree. I believe that INVP offers great value, though expect to wait a long while to benefit from it. Volatility caused by short-term trading is doing little to entice long-term investors and I expect that poor sentiment will cause the share price to drift until markets stabilise somewhat.INVP won't always be unloved but whilst it is, there are bargains to be had. |
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