You are here

Prices & Quotes - UK Markets - Investec (INVP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 290.80p
Change Today:
3.60p
Market Cap:
2,024.21m
Sector:
Banks

Investec warns of FY profit slump amid pandemic

By Iain Gilbert

Date: Friday 19 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Wealth management firm Investec warned on Friday that full-year profits had plummeted amid the Covid-19 pandemic.
Investec said full-year profits were expected to have fallen 29% year-on-year, with adjusted earnings per share dropping from 33.9p in 2019 to somewhere between 24.0p and 27.0p in 2020.

The FTSE 250-listed firm stated it had been impacted throughout the year by lower interest rates, falling client activity and currency depreciation, as well as costs associated with hedging on its UK structured deposits book - a unit it now intends to exit but will still incur costs from, including another 53.0m in the second half of the trading year.

While adjusted operating profit for its UK bank division was pegged to be "significantly" lower year-on-year, Investec said its board would consider a final dividend.

Chief executive Fani Titi said: "We are encouraged by the momentum we are seeing across our business, the continued recovery of markets and the positive developments related to Covid-19 vaccines.

"While the general outlook is improving, the long-term impact of the pandemic is uncertain. Investec remains well capitalised, highly liquid, and well provisioned for impairments. With the simplification of the group now substantially complete, we are positioned to pursue long term growth."

As of 0845 GMT, Investec shares were down 3.98% at 221.90p.

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

 

Investec Market Data

Currency UK Pounds
Price 290.80p
Change Today 3.60p
52 Week High 293.50p
52 Week Low 127.05p
Volume 2,542,882
Shares Issued 696.08m
Market Cap 2,024.21m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_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 Interim
Ex-Div 10-Dec-20 05-Dec-19
Paid 04-Jan-21 18-Dec-19
Amount 5.50p 11.00p

Trades for 07-May-2021

Time Volume / Share Price
16:35 536,520 @ 290.80p
16:29 109 @ 291.30p
16:29 4 @ 291.30p
16:29 327 @ 291.30p
16:29 108 @ 291.40p

Investec Key Personnel

CEO Fani Titi
Chair Peregrine Crosthwaite
Finance Director Nishlan Samujh