Ninety One (LON:N91) used to be the asset management arm of Investec and joined the market in March 2020 at 152 pence. In the 29th May issue of Investors Chronicle it's rated a hold at 202 (current price 209, 52 week high 227 on 6th June). At first glance it looks an attractive share with a stock rank of 90, a negative EV of £5.2 Bn vs a Cap of £1.95 Bn and plenty of momentum. I can't find anything particularly worrying about it apart from a forecast that its EPS will fall to 12.75 a share from current level 16.7. The other metrics are encouraging and the Price/FCF is 2.4. Although I haven't invested yet, I think this share looks like a reasonably safe investment with great prospects - have I missed something?
I am surprised so little is talked about his stock. Certainly had a sustained meteoric rise. Had a look over their website today which is a little different. An unbelievable amount of waffle, but underneath all that some reasonable figures. So I took a position on he small fall back and then saw this huge sell of 75,000 shares and thought great timing again, but later on the company purchased 135,000 shares for their employment trust. There has been a heck of a lot of purchasing by staff. I think the risk is not knowing too much about them, but he fact that they have been spun out of Investec is reassuring and I believe they are still major shareholders although I have not double checked yet.I checked out on the comparison tool and it beat most other companies including 3i which impressed me no end, although I'm not sure what the correlation there is supposed to be. I may well add more it looks promising.
