Investec (INVP)

Sector:

Banking

Index:

FTSE 250

595.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 615.50
  • 52 Week Low: 460.20
  • Currency: UK Pounds
  • Shares Issued: 696.08m
  • Volume: 1,400,985
  • Market Cap: £4,141.69m
  • RiskGrade: 206

Half-year earnings jump at Investec

By Abigail Townsend

Date: Thursday 16 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Financial services group Investec reported a jump in half-year profits on Thursday, despite a "difficult" macroeconomic backdrop.
The lender, which is dual-listed in London and Johannesburg, said revenues rose 8.6% to £1.04bn, while headline earnings per share jumped 15.3% to 36.9p per share

Fani Titi, chief executive, said the first-half had benefited from successful client acquisition strategies, loan book growth and rising interest rates.

He continued: "The group has delivered strong results against a difficult macroeconomic backdrop, which was characterised by high inflation, elevated global interest rates and persistent market volatility.

"Our balance sheet remains strong and highly liquid, positioning us well to support our clients in navigating the uncertain macroeconomic backdrop and achieve our financial targets."

The cost-to-income ratio - a key metric for banks - improved to 53.3% from 55.6%, as revenue growth outstripped costs.

Expected credit loss impairment charges jumped to £46.3m from £29.4m, giving it a credit loss ratio of 32 basis points. However, Investec said that was within its through the cycle range of between 25bps and 35bps.

Return on equity was 14.6%, compared to 12.9% a year previously, within the group's range of 12% to 16%.

As at 0946 GMT, Investec's London-listed shares were down 2% at 520.4p

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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 595.00p
Change Today 6.00p
% Change 1.02 %
52 Week High 615.50
52 Week Low 460.20
Volume 1,400,985
Shares Issued 696.08m
Market Cap £4,141.69m
RiskGrade 206

Investec Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.02% above the market average23.02% above the market average23.02% above the market average23.02% above the market average23.02% above the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Price Trend
77.35% above the market average77.35% above the market average77.35% above the market average77.35% above the market average77.35% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Income
78.85% above the market average78.85% above the market average78.85% above the market average78.85% above the market average78.85% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
8.02% above the market average8.02% above the market average8.02% above the market average8.02% above the market average8.02% above the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
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
  Final Interim
Ex-Div 22-Aug-24 07-Dec-23
Paid 06-Sep-24 22-Dec-23
Amount 19.00p 15.50p

Trades for 31-Oct-2024

Time Volume / Share Price
17:32 143,487 @ 596.34p
17:30 81,362 @ 596.34p
17:30 20,152 @ 596.34p
17:30 50,718 @ 596.34p
16:35 276 @ 595.00p

Investec Key Personnel

CEO Fani Titi
Chair Philip Hourquebie
Finance Director Nishlan Samujh

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