Investec Share Discussion Threads

[cjd190573] 25/10/2021 22:17

….wonder which hedge fund/ rich investor got that article published? Someone wants some cheaper shares, especially now (co-incidentally) that Investec spiked at £3.50 last week. Worth also remembering that N91 was exactly the same Investec people at the time.

[yump] 25/10/2021 19:04

Wrong thread - apologies.

[boozey] 25/10/2021 15:59

N91 on the FT 250 leader board today while Investec is down. Suggests we are suffering some reputational fallout

[nemesis6] 22/10/2021 13:43

i was going to sell my BP and put it in here...and at £3.40 ..Still ok but there needs to be clarity that the rotten apples have all been booted out of the barrel

[nemesis6] 22/10/2021 13:42

Too right he needs to go....if he hasnt a minion would have been showed the door as soon as a whiff of this

[boozey] 22/10/2021 13:28

nemesis - he needs to go one would think given the way he is implicated in this mess.

[nemesis6] 22/10/2021 10:38

ooh you might be right "joint CEO" if thats the case its a problem

[nemesis6] 22/10/2021 10:32

Hello no Fani Titi (ooer) has been in charge for a year or so...cullens gone

[boozey] 21/10/2021 20:15

Good spot again Mo - however Cullen is the current CEO of Investec so still works for the Bank, and as I read it he is implicated in this massive fraud?

[mo123] 21/10/2021 13:10

Lot of uncertainty today after this story appeared in the DMaverick. May see some short term reputational damage but those deemed responible no longer work for the co.

[xamf] 19/10/2021 19:59

What a ride we’re having! In all metrics it’s still one of best value banks with very low pe (7.2) & peg (0.3). Despite the rise share price to book value is still only 0.7. A great value play.

[mo123] 18/10/2021 13:37

If you want to play around with some technicals.

[boozey] 17/10/2021 16:03

It is one of those shares you wished you bought more of on the way up!

[mo123] 16/10/2021 09:34

If their investment banking arm matches results similar to those of US banks, it should see the shares go higher.
Broker EPS forecast for 2022-23 just keeps on improving, now at an impressive 51p!

[boozey] 15/10/2021 22:29

Another great day - you feel this is going through another re-rate. Investec has gone up in price as the FT250 index has taken a hit in the last month.

[boozey] 15/10/2021 12:57

On a like-for-like basis it is the NAV that counts. Historically INVP tracked above NAV slightly now it is materially below. This has been an excellent performer since the bowels of the pandemic and is still continuing its journey.

Reference N91, this asset manager has performed well recently. If you look at N91 and INVP on an intraday basis they track each other quite nicely.

[aleman] 15/10/2021 12:53

Yes, but NAV has risen from 413p to about 470p+ since then and the shares have a history of trading above NAV.

[cassini] 15/10/2021 11:40

Investec divested itself of one of its divisions by floating it in Mar 2020 - '91' it is called.

Now Investec still own a chunk of 91 (25%) but I don't think the INVP pre-COVID price is completely comparable to the post 91 divestment price.

400p looks possible though.

[mo123] 12/10/2021 13:04

Broker forecast catching up with the rest of us, EPS now at 42p. Div also increased for this year from 18 to 19p. That would match their historical payout ratio of around 45%.

Credit Suisse's head of European equity sales in North America has been poached by mid-market investment bank Investec as it builds out a New York team to sell UK listed companies to US investors.

[aleman] 10/10/2021 11:41

Of relevance to UK operations, perhaps?

Banks to pay £7bn dividend bonanza: Big five lenders defy economic crunch to release extra cash - as profits soar to highest since 2008

Lloyds Banking Group, HSBC, Barclays, NatWest and Standard Chartered – are set to report pre-tax profits totalling £33billion for 2021

We can reveal that senior bankers are in talks with the Bank of England about releasing cash set aside for bad loans in time for their quarterly earnings report

Analysts expect the big five will pay out £7billion in dividends this year, up from £3.3billion last year – in addition to share buybacks

By Emma Dunkley, Financial Mail On Sunday

Published: 21:50 BST, 9 October 2021 | Updated: 23:40 BST, 9 October 2021

[boozey] 07/10/2021 17:40

South Africa off the red list from Monday - won't do Investec any harm. Yes Investec has been a little volatile of late. But overall it is still in an upward trend despite the FTSE 250 going in the opposite direction.

[mo123] 07/10/2021 16:44

Shares all over the place at the moment but nice buy at the end of today.
Looking at the chart it had a pretty good run from November-April last year. Chances are that we could see another decent 6 month run.
Broker forecast for 2022-23 (not this year) edging up towards that 50p EPS level.

[boozey] 27/9/2021 20:01

Thanks for your posts as always Mo. An excellent day for Investec on a flat day for the markets. Still well below pre-pandemic levels, great dividend and strong trading statement. You have to feel there is lots of upside to come.