Investec (JSE: INL) share price, discussion & sentiment

inl sitting at 143.44 and thats a steal, banking recovery play just getting started!!

INL at R143.44 is looking decent relative to where the other big banks are trading. They've got solid asset management legs alongside the banking business, which insulates them a bit when rates get sticky. If they can keep NII flat and grow that wealth side, could be a proper compounding story over the next few years rather than just a dividend play.

Banking stocks have had a decent run but INL's still got structural headwinds, ja no. Net interest margin compression, load-shedding hammering economic activity, and wealth management revenue gets hit first in a downturn. At 143.44 you're paying for a recovery that hasn't shown up yet, and I'll believe it when I see it.

Been through the H1 results again. Net interest margin holding up better than I expected given rate cuts, and the wealth management fee income is actually growing decently while the rest of banking gets hammered. At 143.44 the valuation's not exactly cheap but you're paying for diversification across retail, commercial, and the specialist side, which most SA banks don't have. Long term if they can stabilize the loan book and keep NIM from compressing further, there's probably something here.

Good morning everyone. INL closed at 143.44, which is still well below the 2021 highs around 180, and the dividend has been under pressure with the wealth management side taking strain. The bank's exposure to UK rates and property cycles is a drag, but the specialist banking franchise is solid. Worth reading the latest quarterly to see if cost discipline is actually improving or just talk.

INL at R143.44 is interesting because the dividend yield is still solid even after the recent weakness, but I'm a bit worried about how much of their earnings are dependent on the wealth management side when interest rates could come down. Their international exposure is actually a plus though, takes some pressure off the rand weakness locally. Might be a longer hold than a quick trade at these levels.

Is INL a bank or something else, still figuring this out?

INL closed at 143.44 but the dividend yield is still decent if you're holding for income. Wealth management fees are under pressure with load-shedding hitting client confidence, and that's where a lot of their earnings come from. The international banking arm helps offset the SA headwinds though. Not a quick trade but wouldn't panic on weakness.

Added INL to my portfolio

@braai_boet ja, offshore book is the real story here. Margins locally are cooked.

143.68 now, finally some momentum

@scandi_jse64 what's the actual AUM growth though, tbh

Algos hammering it down before the close again, classic.

Come on come on come on

Balance sheet is solid but the share's been range-bound for ages. Need to see actual earnings growth come through, not just holding steady. If they can expand the wealth management book without blowing out costs, then 143.36 makes sense, but right now it's just treading water.

Wealth management assets growing, but loan book growth still lagging the macro backdrop.

INL up 1.38% today but still sitting around 143.36, which feels cheap relative to where it was trading two years back. The net interest margin pressure is real, especially with load-shedding hitting the local economy, but their wealth management and offshore banking arms are actually holding up decently compared to the big four. Long-term play if you can stomach the volatility, but I'm watching the next earnings closely for signs the loan book is actually improving.

Algos dancing around 143.68 again, classic midday games.

come on INL, break through already

180 by end of year, positioned perfectly.