Investec Share Discussion Threads

[mo123] 01/2/2022 10:44

Examples of the basics to get started.



Should have added that for every .25% (25 basis points) rise in int rates, the net int margin (NIM), will in general, increase by around 6 basis points.

[cassini] 01/2/2022 10:38

Financials (banks etc) benefit from higher rates. More profit.

Not sure why, maybe they get a bit more margin.

[gclark] 01/2/2022 10:18

Why are interest rates going up good for Investec?

[mo123] 27/1/2022 13:55

JOHANNESBURG, Jan 27th - The South African Reserve Bank has raised its repo rate by 25 basis points to 4.00%.
Just need the BOE to raise their int rates now. Lovely jubbly!

Going by the 2 year gilt sell off. Mkts pricing in 3-4 int rate rises this year by the BOE.

[boozey] 26/1/2022 18:10

Good recovery over the past couple of days. I don't hold N91 but of course take an interest given the Investec stake in it!

[mo123] 26/1/2022 14:49

Ninety One PLC - South Africa and UK-based money manager - Forty Two Point Two, a company associated with both Chief Executive Officer Hendrik du Toit and Chief Financial Officer Kim McFarland, buys 2.3 million shares in Ninety One PLC, mostly at GBP2.60, worth about GBP6 million, about ZAR122.7 million, on Monday and Tuesday.

Investec's eventual remaining 10% stake in N91 should continue to do well, giving the above Dir's buys this week. Not often you see Dirs buying £6M worth of shares.

[mo123] 21/1/2022 09:23

Morning Boozey

Just read the N91 short report. Good to see them continuing to attract investment, AUM up 10% from a year ago

Mkt should stabilise once we are passed peak scary inflation figures in a couple of months.

[boozey] 20/1/2022 15:16

Still been a fantastic performer for us hasn't it whichever way you look at it?

[mo123] 18/1/2022 11:40

MM's like to mess around with this one in times of increased volatility.
Forecast EPS is unchanged at 49-50p for the year ending March 31.

[nemesis6] 18/1/2022 11:04

nasty little pull back???

[netcurtains] 10/1/2022 16:10

well I knew me coming here would put the kybosh on it!

[netcurtains] 10/1/2022 08:36

Investec 4.4% dividend yield and market cap worth loads less than its NAV and it makes a
decent profit and PE ratio of just 10.5%. Sounds good to me.

[mo123] 07/1/2022 16:04

Just in and had a look at the N91 share price. It was 280p a couple of days ago, wonder if that's INVP now selling off the 15%?
If so, may get a bargain price in N91 shares at the end of the selloff.

[nemesis6] 06/1/2022 15:41

im thinking of jacking in voda and sgc and putting in here....interest rate rises on horizon too

[yump] 06/1/2022 11:39

Those figures make me want to part with a huge chunk of savings, but learnt before that some apparently very cheap shares don't progress straightforwardly. Mind you, its tripled before from low bases.

Is there a cheaper share on the market based on fundamentals and forecasts ?

[mo123] 06/1/2022 11:20

Updated broker consensus for the next financial year 2022-23. (based on a share price of 416p, fig's rounded)

EPS 56p. Div 24.5p (yield of 6%) PE 7.5

Following year 2023-24

EPS 63p. Div 27p (yield of 6.7%) PE 6.6

Don't blame me if it doesn't pan out that way, but they are quite impressive figures when you look at the total return over the period.

[cassini] 04/1/2022 23:33

Someone selling out after noon put a hard cap on the price. There'll be a profit-taking correction when demand slackens off a bit IMO.

[yump] 04/1/2022 16:56

Remarkably stable steps upwards for a long time now, for a relatively large business.

[mo123] 04/1/2022 16:38

OK cheers Skinny. If the payout occurs around the time of the final results and we also get a final div of say 12p. It's a nice combined max total payout of around 47p.
This assumes that they will not use the capital to initiate a share buyback.

[skinny] 04/1/2022 13:20

Those figures tally with those held on AFN.

[yump] 04/1/2022 12:56

Thanks for that nice to have it confirmed.

[mo123] 04/1/2022 12:36

If I remember correctly INVP have 700M shares and N91 had around 620M. Apol's if these fig's are incorrect.

N91 share price at £2.70 x (620M x .15) = £2.70 x 93M shares = £250M (Assuming you could sell that number of shares at £2.70, which is unlikely)


£250M/700M INVP shares = 35p

All fig's approx. However, there is also the possibility that a transfer of shares takes place. Think Aleman also worked it out around 35p.

[yump] 04/1/2022 10:32

Will the N91 distribution worth about 30p per share, or have my calcs. gone to pot ?

[mo123] 27/12/2021 11:35

Fintech should also see strong growth in SA next year



Meanwhile at home: Goldman Sachs predict the UK will grow by 4.8pc in 2022, well above the 3.5pc predicted for the US, 4pc for Germany and 4.4pc for both France and Italy.

[its the oxman] 23/12/2021 09:11

Testing new ground above 400p. More to come I suspect.