Investec Investors - INVP

Investec Investors - INVP

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Stock Name Stock Symbol Market Stock Type
Investec Plc INVP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-4.50 -1.59% 278.20 10:07:41
Open Price Low Price High Price Close Price Previous Close
269.10 269.10 280.20 282.70
more quote information »
Industry Sector

Top Investor Posts

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.
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%).
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.
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!
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
hamhamham1: A good investor knows when to take profits, when to sit on the sidelines and when to re-invest. In hindsight, it looks like: Take profits last year. Sit in sidelines until recently. And, IMO, re-invest lightly and tactically from April, and more general since yesterday. All just my view. And there are good and bad companies out there, but do your research and you'll reep the fruits of you investments.
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.
nemesis6: Yes Investor see what you mean....they are definitely a long term hold. Also on my radar are BP. lloy maybe barc RR. IAG BT.a was looking at HMSO but not sure now.
bamboo2: The BBC's Russell Padmore says that South Africa's currency briefly slumped to its lowest value ever against the greenback today. "Investors bet that weakening growth in China will hit commodity prices hard. Overseas sales of commodities, like coal, gold, and platinum, account for more than half of the nation's exports," he explains.
bamboo2: BBC - The South African rand hit a 14-year low against the US dollar, hammered by lower commodity prices and slow growth in China - the country's largest trading partner. It is trading at just under 13 rand to the dollar. "The devaluation of the yuan in China promoted uncertainty for investors in emerging markets including South Africa," said Johannesburg-based economist Ian Cruickshanks. "There are domestic factors as well, basically all the factors impacting the production in mines and industry, erratic supply of electricity, uncertainty in the labour workforce who have high wage increase demands," he added.
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