Stock Picks | Investec - Price Movements

26th Apr '23 by Threepeat

2 comments 450 reads

I have been watching Investec (LON:INVP) for some time now given its value and yield appeal. However there are a few things I don’t understand

Firstly a major share price slide from 520p to 440p around early March starting on 10^th and continuing into the next week. Now I know the budget containing major changes to pensions was on 15^th but why the slide a few days earlier? Especially as commentators seems to think that Investec (LON:INVP) may get an earnings boost from these changes

Secondly I note the announcement on April 4^th of the tie up with Rathbones (LON:RAT) but I cannot see any price movement at that time or since indicating a change in the forecast earnings for Investec (LON:INVP) . However I do see on the stock report a lift in eps from 65p to 70p. Should I be correlating these 2 things?

Can anyone in the community with better knowledge than I shed some light on these seemingly disparate events

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Redice

26th Apr '23

Investec (LON:INVP) is a bank. I think if you look at any world news source for that day you will see why the slide started then. https://www.theguardian.com/bu...

Threepeat

Thanks Redice

I always thinks of Investec (LON:INVP) as an investment manager rather than a bank so thats why I did not put 2 and 2 together. Any thoughts on the Rathbones (LON:RAT) tie up?

Investec - price movements

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Threepeat

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