Investec Investors - INVP

Investec Investors - INVP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Investec Plc INVP London Ordinary Share GB00B17BBQ50 ORD GBP0.0002
  Price Change Price Change % Stock Price Last Trade
-4.70 -2.48% 184.70 12:32:21
Open Price Low Price High Price Close Price Previous Close
193.15 184.50 193.15 189.40
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Top Investor Posts

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.
bamboo2: 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: If the earlier report is correct, it must be today. How much is already in the sp? I guess it's going to depend on what's included with Kensington. Start Morts also could be there? Did I see a 'for sale' sign over Coutts while I was on Holiday? would this fit in with the co's move upmarket? ========================= bbc report on sa economy Investors in South Africa are preparing for the release of the latest economic figures, which could show that Africa's second largest economy has tipped into a recession. South Africa was last in recession in 2008, at the height of the global financial crisis. By 2011 it had made a substantial recovery, but now there is a possibility it will slip back.
bamboo2: Two giants of Wall Street are in advanced talks to acquire Kensington, one of the UK's biggest sub-prime mortgage lenders. Sky News has learnt that divisions of Blackstone (NYSE: BX - news) and TPG, the US-based private equity groups, are close to securing a takeover of Kensington, which is owned by the Anglo-South African financial services provider Investec (LSE: INVP.L - news) . The sale of Kensington has not yet been finalised and could yet fall apart, but insiders said a deal was likely to be announced this week. If completed, it will involve the business being taken over by Blackstone's Tactical Opportunities unit and TPG's TSSP special situations and credit platform. The two firms are understood to see significant opportunities to grow Kensington's business and are expected to make substantial amounts of capital available for it to do so. They are said to have lined up a new management team to take the helm once the deal completes. Investec's £283m takeover of Kensington in the summer of 2007 proved to be an ill-timed foray into the market for sub-prime mortgage lending, coming just as financial markets began to seize up. Kensington was previously a publicly-listed company whose former chief executives include John Maltby, who is now leading an investment consortium which is buying a stake in 315 Royal Bank of Scotland (LSE: RBS.L - news) branches. Investec, which is the main sponsor of the England cricket team, signalled its intention to sell Kensington in February. Blackstone and TPG are understood to have seen off competition from at least three other bidders for the business, one of which was said to be Lonestar, a specialist US property investor. "With the ongoing recovery in mortgage lending and wholesale funding markets we believe that Kensington is now well placed to continue growing and that this growth potential may be better realised under different ownership," Stephen Koseff, chief executive of Investec, said at the start of the auction process. Analysts say the bank should recoup the majority of its initial outlay, with Kensington's recent performance aided by the strength of the UK housing market. The auction of Kensington, which is being handled by Fenchurch Advisory, comes amid increasing signs of an overheating housing market in London and the south-east. Some of the UK's biggest banks have imposed fresh limits on mortgage lending in the capital in recent months. Blackstone, TPG and Investec declined to comment.
bamboo2: Have management have added the Irish, Start Mortgages into the Kensington sale? If so, this looks like a well timed move out of sub-prime mortgage lending. It could also explain the amount of time taken to agree a deal for Kensington. ============================================================================= Subprime lender Start Mortgages has been put up for sale, in a move that could see thousands of mortgage-holders lose vital consumer protections. The lender has some of the highest arrears levels in the State, as it gave mortgages to people during the housing boom who could not get approval from mainstream banks. Now the company has admitted to the Irish Independent that it has initiated a sales process – saying it has "decided to explore the possibility of a potential sale of Start Mortgages. Its sale would represent the second large disposal of a troubled mortgage book following the controversial sale of three tranches of the IBRC mortgage book earlier this year. Start Mortgage holders are currently covered by the Central Bank's code of conduct on mortgage arrears. This is a legally enforceable rule-book that sets out how people are to be treated when they genuinely can't repay their mortgage.Start's customers could lose these protections if the mortgage book is sold to an unregulated fund from outside the State. However, the buyers of the IBRC mortgages have volunteered to abide by the mortgage arrears code. And any buyers may also be more likely to do a deal with troubled mortgage holders to write off some of their debt so they can get their repayments back on track. This is because they are likely to acquire the mortgage book at a big discount. Pepper Mortgages, which bought the mortgage book of GE Money and manages mortgages for a number of now-departed lenders, offers write-offs to "right-size" mortgages down to levels where customers can now meet the repayments. A spokesman for Start said the sales process was an an early stage, and there was no certainty it would end up being sold. The Irish lender is owned by British subprime lender Kensington, which is in turn owned by South African bank Investec. One of the most controversial mortgage providers in the country, Start Mortgage features heavily in court repossession cases. Interest rates as high as 8pc are charged as it took on some of the most high-risk cases during the property boom, but the lender said the average was less than 5pc.Many of its borrowers have impaired credit records. They have typically consolidated other loans, such as credit card and car loans, into the new mortgage they took out from Start. A spokesman for the company would not say how high its arrears are, but mortgages it has bundled together and sold on to investors have arrears levels of up to 45pc.Asked if the mortgage protection code would apply if Start is sold, a spokesman said: "The current practice of those non-Irish-regulated entities buying mortgage loan books is to agree to abide by the code of conduct on mortgage arrears, so it's likely that potential purchasers may follow suit. "It's in the best interest for potential purchasers to abide by it, so we believe that they are likely to do so. "The lender says it offers a full range of solutions for those unable to meet their repayments. - See more at: hxxp://
tricky1992000: Investec (LON:INVP) had its price target decreased by Numis Securities Ltd from GBX 550 ($9.06) to GBX 482 ($7.94) in a research note issued to investors on Tuesday, Analyst Ratings reports. The firm currently has a buy rating on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Investec in a research note to investors on Monday, January 20th. They now have a GBX 449.04 ($7.40) price target on the stock. Separately, analysts at Nplus1 Brewin raised their price target on shares of Investec from GBX 518 ($8.54) to GBX 550 ($9.06) in a research note to investors on Friday, November 22nd. They now have a buy rating on the stock. Finally, analysts at Canaccord Genuity reiterated a buy rating on shares of Investec in a research note to investors on Friday, November 22nd. They now have a GBX 490 ($8.07) price target on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 470.52 ($7.75). Shares of Investec (LON:INVP) opened at 393.40 on Tuesday. Investec has a 52-week low of GBX 384.998 and a 52-week high of GBX 515.00. The stock has a 50-day moving average of GBX 425.1 and a 200-day moving average of GBX 426.6. The company's market cap is £3.418 billion. Investec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a select client base. hxxp://
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