Investec Share Discussion Threads

[mo123] 25/1/2021 18:29

Risk off day for financials in general. Good to see Moderna vaccine effective against SA variant.

[boozey] 22/1/2021 20:56

cjd, I don't get it either - relatively low volume. And huge NAV discount compared to peers which is its main attraction. Nothing happens for no reason in the markets but no idea what that reason may be aside Covid related.

[cjd190573] 22/1/2021 18:57

Hi Boozey, I really do not know what to make of the SA variant. If you go onto any SA news web page, it is certainly not big news, yesterday's top story in SA was the re-introduction of cricket!!. It is already in 20 countries anyway and was discovered long before now. SA are not starting their vaccination programme until next month. Something is puzzling me with this, is it just being heavily day traded/profit taking? and also you are we not seeing the usual afternoon influx of US buyers... just a thought?

[boozey] 22/1/2021 17:39

cjd I agree - I wonder if the retrace is to do with the south african variant of the virus which may not be so effective to the vaccine and that S Africa may be cut off from the world for a while. I can see no other logical explanation. Note that N91 also went into reverse today despite excellent NAV improvement announced this morning. No coincidence I feel.

[cjd190573] 22/1/2021 17:16

Hi Mo123, the article certainly does support the BoA upgrade at the end of November. I think the key takeaway from this week, is that the share price did hit 206 on Wednesday, so we definitely know it has potential. Hugely disappointing that it has retraced back into the mid sticking range. Let's hope for better news ahead?

[mo123] 22/1/2021 15:21

Was searching around internet looking to see if there was another reason the shares had fallen, but strangely enough could only find this +ve re SA. You can't read the full article as it's subscriber based. May have to wait until the worst aspects of CV19 are over. hTTps://www.businesslive.co.za/bd/companies/financial-services/2021-01-18-absa-and-investec-are-top-picks-to-lead-banking-recovery/ Added a few around 190.

[a_game] 22/1/2021 10:39

well the breakout failed. I suspect as Mo123 said it's due to the mutant. I've shorted IAG this morning for that reason and trimmed some of my hospitality exposure. Maintaining the position here and will look to add if we see 180 region again. No real reason this should sell off heavily

[mo123] 22/1/2021 09:22

I sold mine yesterday after reading that, due to Covid, South Africa may move to level 4 and the possibilty of border closures, but am not entirely sure why the price drop should be so severe.

[cjd190573] 22/1/2021 08:25

2nd day in a row where this is down c.3%. Cannot seem to work out why this is being punished more so than other stocks.

[boozey] 22/1/2021 07:53

Big jump in NAV value at N91 where Investec has a 25% stake. You can't help but feel at times that backing INVP is like backing the wrong horse!

[a_game] 20/1/2021 09:09

Here we go folks, after a couple of months of sideways range trading it's breaking out. Big move over coming months imo. Summer target 300p

[mo123] 14/1/2021 14:56

More dir's buying into N91.

[boozey] 12/1/2021 22:33

a_game hope you are right. At the end of September the NAV was 433p a share - and it must have grown since then given market performance. Am expecting an update early February. A bargain compared to its peers.

[a_game] 12/1/2021 18:16

lovely breakout forming here, if wider markets hold up I expect this will move quite swiftly north in the next few weeks

[mo123] 12/1/2021 08:43

Treasury and gilt yields moving up nicely this mornng.

[boozey] 11/1/2021 23:59

Still operating at a huge discount to NAV - hence its appeal.

[a_game] 08/1/2021 09:39

looking good to breakout from the range we've been in since mid November

[mo123] 06/1/2021 16:28

I see the South Africa stock market at an all time high. Will it help?

[a_game] 06/1/2021 15:35

and bought more @189 - the higher the FTSE goes and the longer we remain stagnant here the more I'll buy

[a_game] 06/1/2021 10:03

added more this morning @186. I'd be surprised if we didn't see 250 by summer. Easy 25%+ return over the next 6 months will do me fine, plus hold for good divs going forward.

[cjd190573] 06/1/2021 09:18

Hi Minsky, not too sure if you have spotted it but different charts are showing different data for this stock. For example if you look at Yahoo, it shows N91 as being spun off in 2018, others as you point out in 2020. Agreed that north of £4 is unrealistic but £3+ could be attainable in due course. It is quite reassuring because on the LSE site, immediately prior to Covid, the previous post recorded was in Feb 2018, with price stamp of 568.2p, talking about Jacob Zuma's resignation.

[minsky] 06/1/2021 08:26

Said it before but a billion or so of the Q1-2020 plunge was due to spinning off N91. On that basis you wouldn't expect it to bounce back to Jan 2020 levels.

[cassini] 06/1/2021 00:05

The long term chart ( at bottom of the header) actually doesn't look too bad. Up until the beginning of 2019 it actually had a fairly convincing uptrend to it over a number of years, albeit with a lot of chop. Then the chart broke down a little but this pandemic in 2020 is what really nobbled it. If they can get it through the present unpleasantness I'd like to think it's got the potential to double. Not sure what's holding it down so firmly at the moment, apart from it getting hit harder than most financials and the S.A. geopolitical risk? New strain of Batflu in S.A.? I don't hold much as it feels a bit riskier than many other financials.

[its the oxman] 05/1/2021 23:03

Agree it certainly feels cheap and lowly rated , but I've thought that for years and it keeps getting worse. What is going to be the catalyst for change and a rerating? Any ideas. I do still hold.