Investec PLC

Investec is an international specialist bank and asset manager that provides a range of financial products and services in three principal markets, U.K. and Europe, South Africa and Asia/Australia as well as certain other countries. Co. has three main areas of activity: Asset Management, which provides investment capabilities through active segregated mandates or mutual funds to clients; Wealth & Investment, which provides investments and savings, pensions and retirement, and financial planning; and Specialist Banking, which provides services for both personal and business needs right across Investment, Corporate and Institutional Banking, and Private Banking activities.
  • Ticker11RW
  • ISINGB00B17BBQ50
  • ExchangeJohannesburg Stock Exchange
  • SectorFinancial Services
  • CountrySouth Africa

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Investec plc: Stronger bank business offsets negative impact of Investec Asset Management demerger

Investec plc's improved credit strength will likely remain stable as a strong performance from its banking arm offsets a loss of creditor protection due to the demerger of its funds unit.

Investec plc: Stronger bank business offsets negative impact of Investec Asset Management demerger

Investec plc's improved credit strength will likely remain stable as a strong performance from its banking arm offsets a loss of creditor protection due to the demerger of its funds unit.

Investec plc: Update to credit analysis following affirmation of ratings

Our credit view of Investec plc, reflecting the evolving creditworthiness of the holding company following the announced IAM spin-off.

Investec plc: Update to credit analysis

Our credit view of Investec plc, reflecting the strengths and weaknesses of its banking franchise and asset management business.

Investec plc: Investec’s demerger and public listing of its asset management division is credit negative for Investec plc

The spinoff will reduce the group's business diversification and residual equity at failure.

Investec plc: Key Facts and Statistics - FYE March 2018

A summary company profile, detailing Investec plc’s business operations and financial highlights.

Investec | Investec 2.0

Investec's announcement to de-merge and separately list Investec Asset Management (IAM) can unlock value for shareholders. We believe the decision is a turning point for the Group's prospects. In our view, the separation will force Investec Group (excluding IAM) to improve its profitability and payout ratio.

David Talpert

Investec | Operationally sound

Investec's FY ‘18f pre-close guidance highlighted positive operational trends, with GBP4.2bn net flows in Asset Management and 10% neutral currency core advances growth. While overall operating profit guidance (flat YoY) was disappointing, accelerated write-offs in the UK legacy portfolio (c.5% drag vs. our forecast) drove this outcome. In our view, the accelerated write-offs do not have a material impact on the Group valuation. Therefore, the pre-close guidance was positive overall. We believe the c.8% decline in the share price since the update represents a buying opportunity.

David Talpert

Avior Financials | SNT | OML | LBH | MMI | SARB | ASISA | INP | CML | TCP | JSE

In this weeks Avior Financials note we analyse: • OML: The results of Old Mutual Plc's debt offer and the implications for distributable capital. • LBH: Liberty Holding's nine-month operational update and investor conference call. • MMI: MMI Holding's Q1'18 operational update and investor conference call. • The South African Reserve Banks' recently released directive on the implementation of IFRS 9. • • The ASISA Q3'17 asset management fund flows. • INP: Investec's H1'18 results (report summary). • CML: CML's FY'17 results (report summary). • JSE: The JSE's trading statistics to 24 Nov '17. ...

With a more favourable environment, INVESTEC PLC. improves to Slightly Positive

INVESTEC PLC. (GB), a company active in the Investment Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 15, 2019, the closing price was GBp 481.50 and its potential was estimated at GBp 519.15.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Banco de Sabadell SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Banco de Sabadell SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Banco de Sabadell SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

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