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INVP - Investec News Story

155p 0.3  0.2%

Last Trade - 8:15am

Sector
Financials
Size
Mid Cap
Market Cap £1.49bn
Enterprise Value £70.3m
Revenue £1.85bn
Position in Universe 330th / 1806

BRIEF-Investec Sees NAV Per Share To Increase To Between 422p And 428p At Sept. 30

Fri 18th September, 2020 7:22am
Sept 18 (Reuters) - Investec PLC  INVP.L :
    * INVESTEC PLC  - TRADING STATEMENT
    * INVESTEC - OVER FIVE MONTHS TO 31 AUG THIRD-PARTY FUM INCREASED BY 14.1%
TO
£51.4 BILLION AND NET INFLOWS WERE POSITIVE AT £391 MILLION
    * INVESTEC PLC - ANNUALISED CREDIT LOSS RATIO IS EXPECTED TO BE BETWEEN
0.47% TO
0.54% (1H20: 0.23%; FY2020: 0.52%)
    * INVESTEC PLC - NAV PER SHARE EXPECTED TO INCREASE FROM 414.3P (FY2020) TO
BETWEEN 422P AND 428P AT 30 SEPTEMBER
    * INVESTEC PLC - HY HEADLINE EARNINGS PER SHARE (HEPS) EXPECTED TO BE
BETWEEN 9.0P
AND 7.3P; 47% TO 57% BEHIND 1H2020
    * INVESTEC PLC - DOES NOT ANTICIPATE DECLARING AN INTERIM DIVIDEND
    * INVESTEC PLC -  HY CAPITAL AND LIQUIDITY RATIOS REMAIN ROBUST AND ARE
EXPECTED
TO BE STABLE
    * INVESTEC PLC - EXPECTS ELEVATED LEVELS OF EXPECTED CREDIT LOSSES IN HY

Source text for Eikon:  ID:nRSR3441Za 
Further company coverage:  INVP.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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