Share Name Share Symbol Market Type Share ISIN Share Description
Investec Plc LSE:INVP London Ordinary Share GB00B17BBQ50 ORD GBP0.0002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 1.74% 205.10 205.90 206.30 207.70 200.00 200.00 1,257,465 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 2,698.4 310.5 115.3 1.8 1,428

Investec Share Discussion Threads

Showing 351 to 374 of 600 messages
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Good call I guess, Bamboo as now 525p. I also sold some at 563p just not enough. Now getting tempted to add some more.
its the oxman
I joined in the selling today when we dipped below 550. Going away to work for a while and not sure I will be near a comp. gla.
Update reads quite positively to me. Not sure how earnings forecasts have moved after all the changes though.
its the oxman
Good volume before the briefing tomorrow. Some time ago there was mention of a special dividend...
15 September 2014 Sale of Start Mortgage Holdings Limited Summary Investec has reached an agreement to sell its Irish intermediated mortgage business Start Mortgage Holdings Limited ("Start") together with certain other Irish mortgage assets (the "Transaction Group") to an affiliate of Lone Star Funds, subject to regulatory approval. Details of the transaction -- The transaction supports Investec's strategic objective to simplify and reshape its specialist banking business and together with the sale of Kensington Group Limited (still subject to approval) substantially reduces the assets within its legacy non-core business. -- The Transaction Group includes Start's mortgage origination platform, brand, operations, and employees. The Transaction Group includes all of Start and certain other Irish mortgage-related financial assets and liabilities -- For the year ended 31 March 2014, the Transaction Group reported a loss before taxation of GBP21 million, had gross assets of GBP540 million and approximately 70 employees. -- Investec's funding line to the Transaction Group, which was approximately GBP270 million as at 31 March 2014, is to be repaid entirely at completion. -- On a proforma basis, as at 31 March 2014, it is estimated that this transaction will result in an increase in adjusted earnings per share from 38.0p to 40.0p and will result in a decrease in net asset value per share from 308.7p to 299.1p. -- On a proforma basis, as at 31 March 2014, it is estimated that this transaction has a marginal negative impact on capital ratios. Taking into account this transaction, the sale of Kensington Group Limited and the recent sale of Investec Bank (Australia) Limited, the common equity tier 1 ratio of Investec plc is expected to increase from 8.8% at 31 March 2014 to approximately 11.1% and its leverage ratio is expected to increase from 7.4% to about 8.9%. -- Completion is expected towards the end of 2014 and is subject to regulatory approval
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)
I had hoped for a greater sale price for Kensington. Looks like Start Mortgages is still on the table.
9 September 2014 Sale of Kensington Group Summary Investec is pleased to announce the sale of its UK intermediated mortgage business Kensington Group plc ("Kensington") together with certain other Investec mortgage assets (the "Transaction Group") to funds managed by Blackstone Tactical Opportunities Advisors L.L.C. ("Blackstone") and TPG Special Situations Partners ("TSSP") for GBP180 million in cash based on a tangible net asset value of the business of GBP165 million at 31 March 2014. Highlights -- The transaction supports Investec's strategic objective to simplify and reshape its specialist banking business and substantially reduces the assets within its legacy non-core business. -- The Transaction Group had gross assets of GBP3.7 billion as at 31 March 2014. -- On a proforma basis, as at 31 March 2014, it is estimated that upon completion of the transaction, Investec plc's common equity tier 1 ratio will increase by approximately 1%. Taking into account this transaction and the recent sale of Investec Bank (Australia) Limited, the common equity tier 1 ratio of Investec plc is expected to increase from 8.8% at 31 March 2014 to approximately 11.3% and its leverage ratio is expected to increase from 7.4% to about 9.2%.
Hi Oxy, thanks for the posts. I like how the management are performing here. The deal is taking a while, however, we're prob making reasonable money out of Kensington and Start at the moment, so no hurry! Chart looking strong.
I guess pre close briefing 18th Sep may be the next news now. Roll on 600p.
its the oxman
Sep now and still waiting for our news.
its the oxman
Nice little breakout this morning. Perhaps we'll hear the news this PM. edit, could this have enough momentum to hit 600, short term? Only had a quick look at chart, but looks promising. If so, it would be tempting to take profit on the approach, as a pull back could follow.
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.
Sp looks like it might be anticipating something good. Fingers crossed.
its the oxman
I'd guess that any announcement would be made while the UK/US/SA markets are open? [ie after lunch]
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.
The historical chart for this time of year often shows a decline, followed by a fairly sharp recovery. AFAIK the Inv h&s pattern is not busted until we fall under the previous downtrend line, but will check. Interim figures look good. Some strength from the rand or sterling weakness will help the share price here.
Taking into account we have gone ex div the share price doesn't look too bad. Besides what can one expect given the fall the whole market has just taken this week.
its the oxman
Stroller, thanks for the insight. Have a good weekend. ======================================= 01-Aug-14 Deutsche Buy 555.00 555.00 Reiteration 01-Aug-14 Canaccord Genuity Buy 550.00 550.00 Reiteration 01-Aug-14 Numis Securities Hold 517.00 517.00 Reiteration 31-Jul-14 Numis Securities Hold 512.00 512.00 Downgrade 21-Jul-14 Canaccord Genuity Buy 550.00 550.00 Reiteration Not sure what Numis are saying.
Think the "Inverse Head and Shoulder" has a Chip on it
Investec (comprising Investec plc and Investec Limited) - Interim Management Statement released on 31 July 2014 This Interim Management Statement is issued by Investec in accordance with the UK Listing Authority's Disclosure and Transparency Rules. Unless stated otherwise, key trends and figures highlighted below refer to the three months ended 30 June 2014 and the corresponding period in the previous year. Performance overview Wealth & Investment reported strong growth in operating profit. Asset Management reported operating profit marginally ahead of the prior year. Both divisions benefited from higher levels of average funds under management and combined net inflows of GBP3.6 billion. The Specialist Banking business reported a solid increase in operating profit with both the South African and UK businesses showing an improved performance. Whilst overall group results increased, they have been impacted by the depreciation of the Rand: Pounds Sterling exchange rate of approximately 22% over the period. Salient features of the three month period to 30 June 2014: -- Total operating income (excluding depreciation on operating leased assets) is 1% ahead of the prior year. An increase of 11% on a currency neutral basis. -- Impairment losses on loans and advances decreased by 17%. A decrease of 10% on a currency neutral basis. -- Operating costs increased by 1% compared to the prior year. An increase of 9% on a currency neutral basis. -- Operating profit before goodwill, acquired intangibles, non-operating items and taxation and after total non-controlling interests is 10% ahead of the prior year. An increase of 25% on a currency neutral basis. -- Recurring income as a percentage of total operating income amounted to approximately 78% (2013: 76%), supported by higher average funds under management. -- Thegroup had approximately GBP8.0 billion of cash and near cash available to support its activities (Investec Limited:R75.3 billion; Investec plc: GBP3.8 billion). -- Since 31 March 2014 (the end of the group's financial year): o Third party assets under management increased by 5% to GBP114.9 billion - an increase of 6% on a currency neutral basis. o Customer accounts (deposits) decreased by 2% to GBP22.3 billion - flat on a currency neutral basis. o Core loans and advances remained flat at GBP17.2 billion - an increase of 2% on a currency neutral basis. -- Loans and advances as a percentage of customer deposits were 73.6% (31 March 2014:72.0%). Strategic review Investec Bank (Australia) Limited On 11 April 2014 the group announced that it had entered into an agreement with Bank of Queensland to sell Investec Bank (Australia) Limited's Professional Finance business, Asset Finance and Leasing businesses and its deposit book. All conditions to the sale were met including the group and the buyer obtaining all relevant regulatory approvals for this transaction, and the sale is effective today, 31 July 2014. Kensington The potential sale of the group's Kensington business remains on track and further information will be provided in due course. The group will hold a pre-close briefing on 18 September 2014.
stroller, there is far more going on here than just the divi. Management seem intent on stripping out non performing aspects. They have declared their intentions, then followed through with decisive practical action. Furthermore, they have expressed their reluctance to spend on overpriced acquisitions at this time. This is fundamentally what I believe is behind the recovery in the sp, a recovery that has faced a galeforce currency headwind. The chart potentially shows a long term inverse head and shoulders that targets around 700. I have carefully checked it meets the criteria for an inv h&s and there is a greater than 70% chance of the share price meeting the target.
Stocks go up and down based on asset value and profits you can pull all sorts of shapes and theories from charts depending on the date range you choose INVP is up at the moment based on the divi "I can't see this staying range bound for ever, and based on historical info, believe it will breakout of the current range, one way or the other in the short term" = it might go up it might go down imho
Investec plc (LON:INVP) has received a consensus rating of "Buy" from the eight brokerages that are presently covering the company, Analyst Ratings News reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 538.16 ($9.20). Investec plc (LON:INVP) opened at 533.50 on Wednesday. Investec plc has a one year low of GBX 366.20 and a one year high of GBX 544.50. The stock has a 50-day moving average of GBX 528.4 and a 200-day moving average of GBX 482.9. The company's market cap is £4.599 billion. Several analysts have recently commented on the stock. Analysts at Canaccord Genuity reiterated a "buy" rating on shares of Investec plc in a research note on Monday. They now have a GBX 550 ($9.40) price target on the stock. Separately, analysts at HSBC reiterated a "neutral" rating on shares of Investec plc in a research note on Friday, June 13th. They now have a GBX 570 ($9.74) price target on the stock. Finally, analysts at Deutsche Bank reiterated a "buy" rating on shares of Investec plc in a research note on Friday, May 23rd. They now have a GBX 555 ($9.48) price target on the stock.
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