Investec Share Discussion Threads

[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.

[a_game] 05/1/2021 22:35

Will be adding more if we remain at this level or go lower. Bargain here at the moment

[boozey] 05/1/2021 22:28

Huge discount to NAV - surely got to close the gap at some point.

[gwillerz78] 04/1/2021 13:01

Dividend received today and reinvested for more shares. Hopefully next dividend declared in May

[a_game] 04/1/2021 09:47

Added some more here this morning, averaging up. Great opportunity still to pick these up at a substantial discount. Looking at >10% yield too based on historical divs.

[saltaire111] 24/12/2020 16:56

Bit of momentum in the price. Merry Christmas all. Salty

[mo123] 23/12/2020 14:40

A trade deal between Britain and the European Union is imminent and could be agreed as early as this evening, a senior EU diplomat said.

[saltaire111] 16/12/2020 19:10

@Boozey, thanks. Good to be here. Bought £20k @ £1.89 and will buy more next month. I’m trying to be more disciplined in drip feeding into shares such as this where prices could still be bumpy for a while yet. But it looks too good to be true this one. The disconnect between the nav and the share price looks like a good opportunity to me. Salty.

[a_game] 16/12/2020 08:14

I've added some more here over the past few days. Looks primed to move up strongly. Big discount to NAV. I very much appreciated the healthy dividend the other day!

[boozey] 10/12/2020 22:01

Hi Salty good to see you here. I agree I can't work out why there is such a discount to NAV here - especially as other investment trusts have recovered so much. A reduced dividend and the South African connection may be to do with it. Either way I am a long term holder.

[saltaire111] 10/12/2020 16:28

Thanks cjd, didn’t spot it was ex-d today. Just don’t really understand with a NAV of over four quid why this is in the doldrums. Appreciate the noise about Europe but looking at the half year results - I can see that profit is down but that’s clearly Covid related. Now that markets are in recovery mode, the second half should be pretty good. It looks under-valued to me.

[cjd190573] 10/12/2020 16:13

Hi Salty, This went 'ex' today, so 5.5p will have disappeared from yesterday's closing price. On the face of it, down a further seven points at time of writing, banks and ftse 250 have seen a bit of a sell off today - not surprising, so not really too bad all things considering. Huge patience required for further recovery, enjoy the dividend and slow return to normality.