Investec Share Discussion Threads

[minsky] 19/5/2022 08:04

"We achieved adjusted earnings per share of 55.1p which is at the top end of previous guidance and ahead of comparable pre-COVID levels."

Brilliant. The results are announced on the day after the biggest drop in the US stock market since 2020.

[skinny] 19/5/2022 07:30

.

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[skinny] 16/5/2022 10:40

That's quite some daily candle as it stands!

[minsky] 16/5/2022 10:33

Roll up. Roll up. Free money...

[wdty77] 09/5/2022 11:39

Whole market is down but wow this is rough

[chameli] 25/4/2022 13:42

does anyone knows what is the ex date for receiving N19 shares

[skinny] 22/4/2022 15:08

Update from HL today :-

"Investec plc wishes to distribute more shares Ninety One plc. This is called a demerger and will result in qualifying shareholders being given some Ninety One plc shares in addition to their existing Investec shares.

Investec shareholders at the qualifying time will receive 0.13751 new Ninety One plc shares for each Investec plc share held. It is currently expected that the qualifying time will be the end of 26 May 2022.

As a shareholder, you can vote for or against these plans. You don’t have to vote, but you can if you wish."

[malcolm caton] 12/4/2022 15:57

End of May I think Mr P

[luckypot] 12/4/2022 15:54

I believe it is 31/05/2022

[mrphil] 12/4/2022 15:25

I presume we get the N91 shares soon?

[skinny] 12/4/2022 08:50

Swines!

It does seem slightly overdone, but they have had quite a rise recently.

[v11slr] 12/4/2022 08:32

Temporary? GOLDMAN CUTS INVESTEC TO 'NEUTRAL' ('BUY') - TARGET 535 (470) PENCE

[ryan2341] 12/4/2022 08:30

Anyone know why the drop today?

[mo123] 09/4/2022 10:17

Well done Skinny. I started buying at 180 but stupidly got stopped out.
Will certainly buy in again on any largish pullback.

[skinny] 08/4/2022 16:13

I've sold half of my holding here - ironically I bought for the yield between 280 and 350, but the capital gain is now such that I can't ignore it.

[mister md] 31/3/2022 09:33

well, I bought these at approx 200p, have now taken my profits at 507p to focus on other opportunities

[skinny] 27/3/2022 13:45

The chart is approaching an 'interesting' level historically.

[mo123] 18/3/2022 10:08

Just had a quick look. From what I've gleaned if you hold 7000 INVP, you will get 1000 N91.
My rough fig's earlier were 93M to be distributed to 700M, which came in around 1/7.5. So the rounded fig's were fairly accurate.

Should add slight reduction in consensus EPS for next year. GLA

[luckypot] 18/3/2022 09:38

Scheme of Arrangement : 0.13751 N91 shares for x1 INVP held

[skinny] 18/3/2022 07:02

Investec Group pre-close trading update and trading statement

18 March 2022

Investec today announces its scheduled pre-close trading update for the year ending 31 March 2022 (FY2022). Commentary on the Group's financial performance in this pre-close trading update represents the 11 months ended 28 February 2022 and compares forecast FY2022 to FY2021 (31 March 2021).

FY2022 earnings update and guidance

The Group is pleased to update the FY2022 adjusted earnings per share guidance to between 51p and 55p, from the 48p to 53p range guided in November 2021.

For the year ending 31 March 2022, the Group expects:

-- Adjusted operating profit before tax between GBP642 million and GBP683 million (FY2021: GBP377.6 million).

o The Southern African business' adjusted operating profit to be at least 30% ahead of prior year in Rands (FY2021: R5 510 million, GBP251.6 million).

o The UK business' adjusted operating profit to be at least 120% higher than prior year (FY2021: GBP126.0 million).

-- Adjusted earnings per share between 51p and 55p (or 76% to 90% ahead of prior year) (FY2021: 28.9p).

-- Basic earnings per share between 48p and 52p (or 90% to 106% ahead of prior year) (FY2021: 25.2p).

-- Headline earnings per share between 49p and 53p (or 84% to 99% ahead of prior year) (FY2021: 26.6p).

The above expectations are predicated on the following year to date performance:

Group operating performance is above the pre-COVID comparative period, benefitting from strategic execution and post-pandemic economic recovery.

-- Pre-provision adjusted operating profit increased, supported by continued client acquisition, growth in funds under management (FUM) and higher average advances.

o The revenue momentum experienced in the first half of the financial year continued into the second half. Net interest income benefitted from lower funding costs and higher average lending books. Increased client activity, higher lending turnover and supportive market conditions underpinned the growth in non-interest revenue over the period.

o Fixed operating expenditure was well contained in line with the Group's focus on cost efficiencies, while variable remuneration grew in line with revenue. The cost to income ratio improved as revenue grew faster than costs.

o Expected credit loss impairment charges were significantly lower given limited default experience and certain recoveries. Post-model overlays have been maintained.

o On average, the Rand/Pounds Sterling exchange rate appreciated by c.5% over the period.

-- For the period ended 28 February 2022:
o The Wealth & Investment business grew FUM by 6.6% to GBP61.9 billion, driven by net inflows of GBP2.0 billion and positive market conditions. Current market volatility may impact FUM at 31 March 2022.

o Within Specialist Banking, core loans grew by 8.9% to GBP28.8 billion, driven by corporate lending and residential mortgage growth in both geographies.

The Group is well capitalised with strong liquidity, above Board approved minimums, and is well positioned to pursue identified growth opportunities.

The Group has no material direct or indirect exposure to Russia or Ukraine; however, the outlook may be affected by uncertainty arising from the likely impacts of the Russian invasion of Ukraine on the global economy and financial markets.

[yump] 16/3/2022 14:32

That was a heck of a drop - shook me out of half of my holding on its way down past 400p as clearly broken recent uptrend and have too much invested. Be interesting to see if the N19 value is in the price - ie. once date is known, will price rise by the N19 value and then drop after the date, or is that value in the price already as it will mainly be distributed to existing investors, not ones that buy in just for the distribution.

[mo123] 14/3/2022 09:31

Was hoping the price would fall back to around £4 but the share price just kept going up. You have to wonder why some of these big institutions sold this one down to around 370p. Lesson learnt.

[yump] 14/3/2022 08:40

Surprising how volatile it went with the drop and rebound.

[cassini] 09/3/2022 15:40

Invp has a banking arm and IMO banks took a bigger beating lately than the insurers/general financial's.