Investec (INVP)

Sector:

Financials

Index:

FTSE 250

448.50p
   
  • Change Today:
      15.10p
  • 52 Week High: 518.60
  • 52 Week Low: 395.30
  • Currency: UK Pounds
  • Shares Issued: 696.08m
  • Volume: 1,402,594
  • Market Cap: £3,121.93m
  • RiskGrade: 184
  • Beta: 1.69

Investec warns on interim profits as Brexit worries, costs take toll

By Frank Prenesti

Date: Friday 20 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Asset manager Investec warned on interim profits as Brexit, trade wars and a company restructure were all forecast to hit earnings.
The company on Friday said headline earnings per share were expected to be 15% -18% lower year on year, with pre-tax profits taking a £42m hit.

Investec said "challenging" market conditions would see profits at its UK banking business would be "significantly lower" as the Brexit impasse and global trade impacted fees and trading income.

The company added that the UK banking business had also been forced to hold extra liquidity related to Irish deposits in another burden imposed by Brexit.

Group results were also negatively impacted by the depreciation of the average rand/sterling exchange rate of around 2.8% over the period

Investec is currently trying to streamline its operations and plans to demerge its asset management business and list it separately in London.







ahead of Britain's impending exit from the European Union.

"Market variability and persistent uncertainty relating to Brexit and global trade wars, has negatively impacted investment banking fees and trading income," Investec said as it warned that its UK specialist banking unit's profit would be "significantly" behind.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Investec Market Data

Currency UK Pounds
Share Price 448.50p
Change Today 15.10p
% Change 3.48 %
52 Week High 518.60
52 Week Low 395.30
Volume 1,402,594
Shares Issued 696.08m
Market Cap £3,121.93m
Beta 1.69
RiskGrade 184

Investec Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.91% above the market average69.91% above the market average69.91% above the market average69.91% above the market average69.91% above the market average
23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average
Price Trend
34.65% below the market average34.65% below the market average34.65% below the market average34.65% below the market average34.65% below the market average
12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average
Income
84.77% above the market average84.77% above the market average84.77% above the market average84.77% above the market average84.77% above the market average
73.17% above the sector average73.17% above the sector average73.17% above the sector average73.17% above the sector average73.17% above the sector average
Growth
38.84% below the market average38.84% below the market average38.84% below the market average38.84% below the market average38.84% below the market average
67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average67.21% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Investec Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 25-Jul-19
Paid 18-Dec-19 12-Aug-19
Amount 11.00p 13.50p

Trades for 13-Dec-2019

Time Volume / Share Price
11:30 745 @ 448.50p
11:30 362 @ 448.50p
11:30 250 @ 448.60p
11:30 75 @ 448.90p
11:30 398 @ 448.90p

Investec Key Personnel

CEO Fani Titi
Chair Peregrine Crosthwaite
CEO Hendrik du Toit

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