Investec Share Discussion Threads

[aleman] 27/5/2021 14:23

Quite perky, today. Read across from strong AV. results? Stronger Rand again? Bit of both?

[mo123] 25/5/2021 17:29

The higher the Rand goes, the better it should be for the bottom line.
Profits made in SA are converted to £'s. So a weaker £ also helps.

[cassini] 25/5/2021 16:42

The RAND exchange rate was blamed by INVP for a proportion of the drop in revenue in 2020 IIRC so it must be not insignificant.

[aleman] 25/5/2021 16:21

How much does the Rand affect results? It's trying for a 15-month high at the moment. I presume that helps the forecasts a bit.


free stock charts from uk.advfn.com

[mo123] 25/5/2021 14:37

Quick update on BF'cast

Pretty much as per guidance from co, the eps is raised to 38p for 2021-22.

For 2022-23, it now stands at 46p.

Barring a bad 3rd wave of covid in SA, the co. must be quietly confident they can raise the ROE over next 2 years.

[mo123] 24/5/2021 11:24

If co. hits mid point eps of around 38p for 2021-22, it's trading on a PE of around 7.2 at this price. With decent growth, a good div yield and the chance to buy the assets at a chunky discount, co. looks fair value to me on 1 year view.
Seemed churlish not to add at less than 280 as you pick up the div as well.

[boozey] 24/5/2021 11:06

We have risen nearly 50% in 2 months. So a retrace was inevitable at some point. After the trading statement 6 weeks ago it slipped from 230p to 208p but quickly recovered. A firm hold, or a buying opportunity if you are not invested here already. Still a massive discount to NAV.

[minsky] 24/5/2021 10:56

Something to do with news that it intends to purchase one or more companies?

[hades1] 24/5/2021 10:48

Surprising drop on low volume?

[hades1] 21/5/2021 17:42

Will take a while to sink in.Believe they will re-evaluate.Should be 350p+

[arja] 21/5/2021 15:45

market eventually decided they were not impressed with results which is a tad surprising .

[arja] 21/5/2021 11:51

looking at chart , 298 level is resistance and needs to make a decisive break through that level and then more in it . Might not do it today unless US indices move higher after physical opens after 2.30pm . I watch and wait to enter !

[mo123] 21/5/2021 11:46

From webcast: CEO aims to deliver an ROE of between 10-13% by the start of 2024 on a consistent and sustainable basis. Ruth Leas sounded fairly bullish with the usual caveat that macro conditions could worsen.

[r9505571] 21/5/2021 10:54

Their mortgage book is growing by 35% pa to over £3bn now!

[r9505571] 21/5/2021 10:26

I know. Anyone watching the webcast?

[hades1] 21/5/2021 09:50

All true but share price not responding.
Not yet anyway.

[r9505571] 21/5/2021 09:17

Resilient set of results. Significantly undervalued here! Net asset value (NAV): NAV per share increased by 11.1% to 460.2p (31 March 2020: 414.3p) and tangible NAV (TNAV) per share increased by 12.7% to 425.7p (31 March 2020: 377.6p).

[aleman] 21/5/2021 08:10

Nice. Adjusted H2 earnings were 17.7p. We're back in business here.

[mo123] 21/5/2021 07:37

The group expects an eps for 2022 to be between 36 and 41p So it could beat the forecast.

[aleman] 20/5/2021 13:06

Well, the 16p was before the ahead update so it could well have been lifted to 18p after it. Thanks.

[mo123] 20/5/2021 13:03

Aleman 18p quoted for 2022. Saying yield 6.3%. But your fig may well be correct.

[aleman] 20/5/2021 12:59

Mo123. I've seen a dividend forecast quoted as a yield but it was not clear to me just what it equated to. Is there a dividend forecast for next year in the numbers you have seen? I was reckoning it should equate to about 16p. (I think 11p total was expected this year but it might be 12p after today's ahead update?) Any clarifications welcome, please.

[mo123] 20/5/2021 12:57

CS now has 37p eps for 2022. Still some way to go IF the forecast is correct.

[boozey] 20/5/2021 11:06

Given the share price has gone up the best part of 50% in the last 6 weeks this morning's statement should come as no surprise. As always privileged people would have been in the know about this. For retail investors it is a case of picking up the crumbs unless you happen to be a long term holder which fortunately, for once, I am. Reference NAV those figures will be published tomorrow in the results, but even if there is no improvement in NAV from original guidance we are still 33% below the bottom end of the closing trading NAV guidance statement. Thus in summary the risk reward is favourable here. That said given the significant rise in the share price in recent weeks there may be a short term retrace.

Investec was described last weekend by Investors Chronicle as one of their 12 ''dirt cheap'' stocks. On the basis of this morning's RNS one can see why. Note that yesterday N91 in which INVP has a 25% plus stake had positive results. The stars seem to be aligning well.

Reasonable dividend too. Overall a good long-term buy & hold.

[hades1] 20/5/2021 09:44

Apologies assumed you followed the EPS guidance.

(Alliance News) - Investec PLC on Thursday said it expects earnings for its recently ended financial year to come in ahead of prior guidance.

For the year ended March 31, excluding discontinued operations the Anglo-South African asset manager expects adjusted earnings per share to be at 28.9 pence, ahead of earlier guidance at 24p to 27p, but down 15% from 33.9p the prior year.

Basic earnings per share is set to be 25.2 pence, above prior expectations of 19.7p to 22.5p, and reflects a 44% rise from 17.5p. Headline earnings per share meanwhile is anticipated to reach 26.6 pence, exceeding the guidance range of 19.5p and 22.3p, and will be up 24% from 21.5p the prior year.

Investec will publish its annual results on Friday.

Shares in Investec were up 1.2% at 285.60 pence on Thursday in London. In Johannesburg, its 'Ltd' shares were up 1.8% at ZAR54.37, and its 'PLC' shares 2.1% higher at ZAR56.96.