Investec Share Discussion Threads

[its the oxman] 17/12/2007 09:27

topped up 463p - c.6.5% yield - tuck em away for a few years and they could double from here, if they don't get bid for first. got to be much worse shares to hold, gl all.

[gwp23] 15/12/2007 06:27

looks like this could hit 450p monday

[sambessey] 04/12/2007 11:02

70.0 more like!

Good company, but cannot see it doing to well in current conditions.

Might reinvest here at some point.

[hobo1978] 29/11/2007 22:37

What makes you so sure POlanski? - looks cheap to me based on fundamentals, however negative focus on financials has a way to go IMO.

[p0lanski] 28/11/2007 23:52

you do realise this is going to 700p pretty smartly now

[sambessey] 20/11/2007 20:55

Yep I intend to raid the banks (not literally!) once I feel the squeeze is behind us and economic outlook improves slightly.

Looking here, Lloyds, and RBS as my targets. Was invested here a while ago, and made some decent money, and I am sure it will do so again at these levels.

[gibbopj12] 20/11/2007 08:29

strip out the sub-prime stuff (which is not a permanent feature of the landscape) and this becomes a definite buy

[its the oxman] 15/11/2007 09:01

results look decent enough to me - bit of a mixed bag - yes a bit of a credit crunch hit but offset by other parts of the business and a good div increase. May not shoot the stars out for a while given the sentiment on financials generally but v.cheap and making good progress.

[its the oxman] 13/11/2007 16:13

15th Nov results - should prove interesting

[mdin79] 02/11/2007 10:07

ox - who knows ? I guess much depends on how the dow reacts to payroll data later today. Financials under the kosh presently.

Purchase of Kensington will always weigh heavily on this until sub-prime worries ease.

Take Care

[mdin79] 01/11/2007 14:07

As expected ..................... next stop 550.

[mdin79] 01/11/2007 09:50

Remarkably strong week for Investec. Can this momentum take it over £6 ?

I doubt it.

[its the oxman] 31/10/2007 11:55

have a decent size holding of these now so just hope this is the beginnings of a meaningful share price recovery - need to break abve 600p really

[call-logger] 05/10/2007 12:51

Yes, they've just bought Kensington Group, the subprime mortgage providers

[sambessey] 05/10/2007 11:09

Sold out of these above 700p- looks very cheap on the fundamentals though- I would probably consider re-entry at these levels, but I'm a bit concerned about the sector as a whole? Does INVP have any exposure to the subprime market?

[nurdin] 20/9/2007 11:14

Looks good Typo

[typo56] 20/9/2007 11:10

Statement doesn't look too bad IMO.

[richard carstone] 18/9/2007 08:20

Putting up rates by 0.8% when there hasn't even been a rise in bank rate is very extreme, so much so it might even be open to legal challenge. It suggests that something is amiss.

[its the oxman] 18/9/2007 00:00

doom and gloom - sell if you can't stomach the pain but these are cheap in my view - so buy those financials now i say

[matthewa] 17/9/2007 15:56

Breaking DOwn thru year lows

[thecat] 17/9/2007 13:14

Just bought in , good support at this level on the charts.

[wiganer] 17/9/2007 12:50

P/E of 15+ in the current climate is hardly cheap.

[peach] 17/9/2007 12:48

Some facts:
- Investec purchased Kensington largely in shares - so although it cost them around £283m at an Investec Share price of £7, it is closer to £200m at the current price of £5.
- Investec has a market cap currently of around £3.3bn - so the Kensington deal is being overly focused on in the context of Investec's other businesses
- Being conservative and stripping out profits from Investec's Capital Markets division's profits (which will house Kensington) for the last year, to just focus on asset management, private banking, investment banking and property gives a historic PE of less than 9.5 (ie PE of 9.5 assuming that capital markets makes no money at all). And management have already made comments saying how these divisions are progressing well.
- Asset management and private banking made £244m last year. Applying a 15 times valuation which is what the market currently has on Schroders and AMVESCAP puts a value on just these 2 divisions of £3.6bn (vs a current market cap of £3.3bn)

Personally, I'm a buyer at these levels and lower. Hopefully the annoucement this week will amplify some of the statements above.

P

[richard carstone] 17/9/2007 12:32

They sure deserve to go bust, informing customers of a 0.8% (!) rate rise 16 days after applying it.