Investec Share Discussion Threads

[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.

[saltaire111] 10/12/2020 15:36

Getting hammered. Not sure why this hasn’t recovered following the Covid endured meltdown in April.

Salty

[mo123] 02/12/2020 11:20

Investec said, that the downgrades are expected to have an immaterial impact on its risk weighted assets as well as on its regulatory capital.

The downgrade did not affect Investec PLC, which is listed on the London Stock Exchange, which houses Investec's non-Southern African operations.

[minsky] 02/12/2020 10:56

A big chunk of the gap is N91.

[boozey] 01/12/2020 21:56

Didn't have much impact, but a long way to go to pre-covid levels.

[cassini] 01/12/2020 18:19

Credit rating downgraded by Fitch from BB to BB-.

[sr2day] 19/11/2020 13:12

back to 140p in the next few weeks.

[porsche1945] 12/11/2020 12:30

@candid

Good points on UK, dire for investing, brexit/covid basket case, capital destructive growth less dying dividend stocks. Stick to S&P and EM developed. Ftse. 350 like U.K. in general, best days long gone, tories a disaster.

[porsche1945] 12/11/2020 12:20

@candid

Good points on UK, dire for investing, brexit/covid basket case, capital destructive growth less dying dividend stocks. Stick to S&P and EM developed. Ftse. 350 like U.K. in general, best days long gone, tories a disaster.

[sbb1x] 10/11/2020 08:07

Gap to fill 153

[sbb1x] 09/11/2020 08:16

Finally Broke thought that 154

[sbb1x] 05/11/2020 15:35

Building nicely here

[sbb1x] 28/10/2020 10:54

Grabbed a few

[candid investor] 16/10/2020 17:20

Haha..I know exactly what you mean..I think though that when jnterest rates are heading into negative territory...and when the current outlook is totally unknown it's probably better to stay in cash..
The thing I have learned about shares also, is that if you can be patient enough, a share price will come back again to an entry point you are hoping for...my problem is that patience has never been a virtue that I have ever possessed

[minsky] 16/10/2020 11:05

I think I will invest in a nice new mattress to stuff what's left of my liquidated assets under.

Definitely don't look to me for investment wisdom.
The irony is the winners (Apple, Alphabet, Amazon etc) go from strength to strength yet I avoided them thinking they were massively overvalued.

[candid investor] 15/10/2020 21:15

Blimey Minsky..if I was thinking of committing suicide before reading your post, I wouldn't be changing my mind afterwards.!!..actually joking apart...I agree totally with everything you say plus I would add a couple more...the government are almost maxed out on their credit card with actions they have already taken thus far..not much left to combat the second wave...then of course the deficits have to be repaid in the future..think massive tax hikes combined with huge expenditure cuts, when the virus has been defeated....no such thing as a free lunch..Going back to Investec, they have already pointed to significantly lower profits, also I am not sure how the earlier de-merger will affect their future returns and any future share price growth ..I was trying to make a quick in out stealth trade, I wasn't successful so I cut my losses and exited last night...I can't help thinking the UK market in general now fits the 'dogs' category (even excluding Brexit)..most FTSE 350 shares are dull and boring...very few genuine growth stocks and the ones that are are quickly gobbled up by overseas usually Chinese or American companies...my core holdings are now rooted in global equities and specifically Lindsell Train and Fundsmith which offer geographical and (stock selection) diversification ..and in my view are much safer than the FTSE..which I exited in full yesterday.. what else are you invested in ?

[minsky] 14/10/2020 11:57

Candid:
Strong chance of socialist government in US (or what Americans call socialism)
US stimulus deferred until after election dispute shenanigans
Brexit
Potential negative interest rates
Pandemic back to square one
Two vaccine trials suspended - maybe no vaccine until July next year
Impending economic depression
Who knows what is happening in South Africa
Chances of dividend being restored even next year fading
US markets at very high valuations - worry of bubble bursting with knock-on to FTSE

come to think of it, why am I in shares at all?

[candid investor] 13/10/2020 21:21

What the hell is happening to the share price now ?

[cassini] 07/10/2020 11:14

The insurers as a group seem to have bounced. Plus other stuff.

[nemesis6] 07/10/2020 10:46

yes-they are soo undervalued its ridiculous

[goonermiller] 06/10/2020 16:58

8 days of consecutive increasing price change. Any reason?

[cassini] 02/10/2020 20:24

The recent dip seemed to affect various insurance companies - like L&G, M&G, SLA, AV. etc.

Not saying INVP isn't a basket case, just that it got caught up in a wider market downturn the last week or two.

[dennisbergkamp] 18/9/2020 08:31

#dodgedabullet

D