| Market cap | R32.4B |
|---|---|
| P/E | 13.9 |
| EPS | N/A |
| Div yield | 0.30% |
| 52W high | R147.53 |
| 52W low | R113.14 |
| Volume | 318K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 48 live member stances recorded by registered members on this page.
Investors are cautious about Investec LTD (INL), citing weak wealth management growth and the stock trading around 129.54 down 2% amid concerns that the bank is not growing much and will struggle when economic conditions weaken or interest rates decline. The discussion reflects uncertainty about whether the wealth management division can generate future growth given current economic headwinds.
Summarized from 6 posts · updated nightly
@uncle_sakhile spot on, that's the core of it. Deposits minus lending rate, fees on top, simple as that.
Think of it like a shop, what is left over. Investec takes in money from customers as deposits, lends it out at a higher rate, and pockets the difference, same thing at my spaza with buying stock cheap and selling dear. A bank also charges fees when it moves your money around or helps you invest, that is where the real profit sits.
All my INL sitting in the red still but the deposit book's actually grown, which means people trust them enough to park money there. That's the foundation, the rest is just waiting for rates to sort themselves out.
@swordfish_sa yep, the dividend yield makes the wait easier.
worth a deeper dig on this one, balance sheet's still solid even with the noise around rates
Banking stocks are boring until they're not, and INL's got enough moving parts that you're either getting paid to wait or you're not. At 128.32 I'd rather own the actual bank doing the lending than hope for a recovery trade.
Eish, load-shedding stage 6 again, can't even charge my laptop properly.
INL is basically a bank that does wealth stuff too, not just taking deposits like Standard Bank does. Problem is the wealth side doesn't print money like it used to, so you're really just buying a bank at 132 that's not growing much.
Investec makes money from banking fees, interest on loans, and managing money for rich clients, so when the economy slows down or rates drop, that hits them harder than a supermarket that just sells stuff no matter what. The share price moves around because people are always guessing whether that money will keep flowing in or not.
Do you think the wealth management side is actually growing or just treading water. Seems like everyone's pulling money out when rates are high, so not sure where the next leg up comes from.
@wwwembiri nice, what price did you get in at? reckon the dividend is worth it for you?
@mogale_morning ja, balance sheet's been solid through the noise.
with R100, can I even buy one INL share or is the fee going to kill it
Been reading through the latest results, balance sheet holding up.