Share Name Share Symbol Market Type Share ISIN Share Description
Investec Plc LSE:INVP London Ordinary Share GB00B17BBQ50 ORD GBP0.0002
  Price Change % Change Share Price Shares Traded Last Trade
  -2.10 -1.4% 148.00 2,202,748 16:35:25
Bid Price Offer Price High Price Low Price Open Price
149.05 149.90 151.45 144.60 147.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 2,698.42 310.48 115.30 1.3 1,030
Last Trade Time Trade Type Trade Size Trade Price Currency
18:08:52 O 269 148.00 GBX

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Date Time Title Posts
31/7/202011:01Investec - Charts162
11/6/201413:50INVESTEC with charts and news214

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Investec (INVP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-06 17:31:22148.00269398.12O
2020-08-06 17:30:28148.00276408.48O
2020-08-06 17:08:52147.185,7758,499.70O
2020-08-06 17:02:48147.185,6488,312.78O
2020-08-06 16:59:38147.1819,76329,087.38O
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Investec (INVP) Top Chat Posts

Investec Daily Update: Investec Plc is listed in the General Financial sector of the London Stock Exchange with ticker INVP. The last closing price for Investec was 150.10p.
Investec Plc has a 4 week average price of 144p and a 12 week average price of 138.50p.
The 1 year high share price is 499.30p while the 1 year low share price is currently 122.55p.
There are currently 696,082,618 shares in issue and the average daily traded volume is 2,100,606 shares. The market capitalisation of Investec Plc is £1,030,202,274.64.
investor0109: Today, Bank of America rates INVP as BUY with price target of 190p. I consider this confirmation that the current share price offers great long-term value.
its the oxman: Probably too early but took profits elsewhere and bought back in 578p yesterday. Div will take my entry price down to 570p and then looking for recovery back over 600p to make it worthwhile. I like Investec. Well managed, good brand and growth opportunity - although director trades have all been sales for a while. See this as a reaction to improving share price and business turning around. Key is that this trend should hopefully continue further and with it the share price to 700p and beyond. Or at least that is the dream.
bamboo2: Moneyweb News Author: Hanna Barry| 13 May 2014 23:19 The rise of Investec's share price A picture paints a thousand words. Financial services are the flavour of the month for investors and a quick analysis shows that the normal suspects are not on top of the performance chart. After its business was knocked by exposure to developed market upheaval in the wake of the subprime crisis, Investec's share price took a beating. In the last two years, however, the private bank's share price growth has outperformed each of South Africa's major banks. Investec's share price growth over a period of five years is far less impressive and more in line with its banking counterparts, reflecting slow recovery from difficult operating conditions and poor fundamentals within the business. Over this time period, Capitec is the stand-out performer. Paid to perform Brad Preston, portfolio manager at Mergence Investment Managers, said that a rerating relative to the other banks has largely driven Investec's outperformance over the past two years. "Investec was very cheap in 2012, trading at below 0.9x book value. At the same time the average price-to-book ratio for the 'Big Four' South African banks was above 1.8x," Preston explained. The price-to-book ratio compares a stock's market value with its book value. In other words, the price at which Investec was being traded in the market (its market capitalisation), was in fact less than the company was worth on its books (total assets minus total liabilities). If a stock is trading at a price-to-book ratio below one then it means that the company's market cap is below its book value. "Banks may trade at a discount to book value when the market is concerned that the assets may need to be impaired in future, which could reduce the book value, as has happened with African Bank," Preston said. Tracy Brodziak, analyst at Old Mutual Equities, said that from 2007 to 2012 Investec's share was a "horrendous performer". Its exposure to developed markets and Irish property (through Kensington) meant bad debt in the wake of the subprime crisis and underperforming earnings. "As management has taken actions to exit underperforming businesses and as impairments in the specialist bank improved, the stock has rerated strongly and is now trading closer to 1.4x book," Preston commented. Investec sold its professional finance and asset finance and leasing businesses in Australia to the Bank of Queensland in April for R4.3 billion. It is looking to sell its UK intermediary mortgage business Kensington and has been approached by interested parties. "An improvement in earnings has driven the share, which has tracked earnings performance," Brodziak confirmed, noting that Investec has grown its asset management and wealth management businesses. Preston said the market seemed more willing to place a higher multiple on these businesses than before, valuing the asset management business of Investec and the banking business separately. "In 2012, the market seemed to place a discount on these businesses due to their inclusion within the banking group," he noted. He said the weak rand would have offered some assistance to Investec's share price, but probably hampered the performance of local banks, given the potential result of increased inflation, local rate hikes and bad debts. Brodziak said Investec hadn't outperformed the other local banks over a five-year period because it came from such a low base. She said a growth in customer numbers and transactional banking grew Capitec's share price, but that the market had been concerned about its unsecured lending exposure. "Its fundamentals are strong and it could take more market share from the other banks," she said.
its the oxman: Share price ex div and showing signs of life. Up to 430p today. Anyone else holding or got broker news on this one?
jebenn1: Hi, I don't have any Investec shares but I do have some savings in one of their accounts and I would be grateful for your opinions on Investec's chances of going bust. I have noted the share price going steadily southwards. The account should be covered by the FSA protection scheme but still there is the lost interest and significant hassle involved so would much rather avoid having my money there at the wrong time. Many thanks in advance. J
its the oxman: fair enough but its track record of growing its business and share price has been pretty impressive until the financial sector sub prime collapse - and even current results in the toughest of climates have held up well, as for Australian or the South African exposure, i personally like a bit of diversification - so, perhaps no immediate need to rush but it suggests to me this will be a winner when the dust eventually settles.
peach: 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
bruce meinhoff: Anyone here? The share price is very strong today
sjgadvfn: Can anyone account for this dramatic dip in Investec's share price?! Next resistance level appears to be £25.50.
12:56 And this from the S.African 'Sunday Times' which discusses a possible imminent profits warning: Sunday 16 Feb 2003 INVESTEC OFFSHORE GETS THAT SINKING FEELING Richard Stovin-Bradford Concerns about the profitability of Investec's offshore businesses continue to dog the banking group's share price, which has shed 30% of its value since the bank listed on the London Stock Exchange last July. Investec's performance is in line with that of its overseas peers, which are also suffering from the global slide in share prices. UK bank Close Brothers has seen its share price slump from about £8 to £4.50 in the past year. The only bank to buck the trend is Investec's role model, Macquarie Bank. The fall in the Investec share price accelerated this week amid speculation the bank would warn shareholders that its profits for the financial year to March would be lower than last year. During trade on Wednesday, Investec plc's shares fell 6.6% before closing 0.55% higher at R91. The intra-day dip did not pass unnoticed in London, where Investec has yet to prove its mettle. Asked by Business Times this week whether a profit warning was imminent, chief executive Stephen Koseff was dismissive. "There is no profit warning. This is a rand strength situation and we are being hammered as a rand hedge - and we don't get credit for our rand earnings." Koseff could not be reached for comment on Friday evening. He said earlier that traders were jumping on the bandwagon and shorting Investec shares. But he saw the price weakness as an opportunity. So did Investec managing director and London head Bernard Kantor, who bought 275 000 shares between Tuesday and Thursday this week at prices between R88.29 and R90.96. In the run-up to Investec's half-year results to September, analysts complained that they had received little guidance from the bank on how to call its full-year earnings outcome. But from the way forecasts for the full year to March have been talked down since then, analysts should not be expecting a profit warning - unless, as happened with Nedcor's full-year results this week, Investec's communications have created an impression that is shy of the mark. The I-Net consensus earnings forecast for Investec Limited's full year to March is 1 587c or 1 673c for Investec plc, compared with last year's 1 840.4c - a fall of between 9.1% and 13.8%. The bank is scheduled to report on May 21. Rumours of jobs cuts among Investec staffers in London earlier in the week may have fuelled speculation about the warning. On Wednesday the Financial Times reported that Investec was planning to fire staff as part of a restructuring of its investment banking operations. At its last year end, Investec had 2 418 staff outside of South Africa. source
Investec share price data is direct from the London Stock Exchange
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