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Alwaysworng, I would have not sold at a loss in Investec if you can wait it will go up at some point, BBB is being tipped for sometime, Simon thompson did a few articles on it, and the math, the 10% rise is nothing , it was a good buy at 100p in ST view and he as always picked great stocks IMO .. but do what think is best, I belive this Covid thing will be over sometime next year but that is my guess! GL Sir
Osaka..I did look briefly at BBB ..it has been around for 5 years or more and it has yet to make a profit ...no dividends have been paid during this time either...it's too high risk for me with no trek record spreading several years...I do note though the huge holding bought by a non exec director yesterday followed by a 10% share price rise today ...I can see that they have also had several tender awards recently but I am keeping my holdings in cash for now but good luck ..no doubt in a few weeks I will be wishing I had followed your tip !
Osaka..I sold earlier today at a loss.. I got fearful after watching Covid taking a slow motion scenic route to a full lockdown , but this time without the social security net of 80% furlough etc. to cushion the impact..
I think it is going to bob about at 148 - 160 for a time but unsure ... I sold at 161 and moved my money into BBB Bigblu Broadband PLC I think it is about to take off .. always make your choices... this is just my research! GL all I will still watch this share as it is undervalued!
What the hell is happening to the share price ?
Here are some questions I asked myself .. People working from home is a given for the future.. so What do they want, a nice new home in a good place and internet where ever they are! so I think these companies will benefit from this new normal. I also listen to Simon Thompson from IC great stock picker!
I agree investec is undervalued and will go much higher at some point ... I will watch, and wish you the best of luck sir!
Well played oska! Imo this still has long way to go...v undervalued
I moved my money into Bigblu Broadband PLC I think it is way undervalued!
GL 156p is not a bad price, Its just where I am going into lockdown and think the Sp will retrace, so I took my profit.
I think consolidation.. I am back in at 156. Should see 160s next week!
I sold at 161 ... i think it is going to retrace a bit ... but i amy be wrong!
Good few sessions here recently, I can see this testing next level of resistance around 163 this week
This has been flying over the past week.
The share prices across most of the UK banking sector seem to be doing well over the past few days. What is driving this? Is it because the press have reported that a brexit deal now looks more likely than previously thought?
I hope you fellas bought when I said at 127.15p ... this has way more to go!
Watch out for some director deals also!
What does this mean in layman's terms?
INVESTEC LIMITED NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE SHARES REPURCHASE PROGRAMME
Investec Limited (the "Company") hereby announces the commencement of a share repurchase programme (the "Programme"), in compliance with paragraph 5.72(h) of the Listings Requirements of the JSE Limited ("JSE"), in terms of which the Company may repurchase up to a maximum of 5% of the non-redeemable, non-cumulative, non-participating preference shares (Code: INPR) in issue ("preference shares"). Repurchases of preference shares in terms of the Programme will be made pursuant to and in accordance with the general authority granted to the Company by its shareholders at the Company's annual general meeting held on 6 August 2020. The general authority authorises the Company to repurchase preference shares during a closed period if the repurchase is done under a repurchase programme. The Company has received approval from the Prudential Authority for the repurchase of preference shares. No preference shares will be repurchased from directors of the Company.
The Programme commences on 29 September 2020 at the opening of the market and will end on the earlier of (i) the close of the markets on 15 January 2021 and (ii) the date on which the maximum number of preference shares to be repurchased under the Programme have been met. Repurchases will be executed through the order book operated by the JSE by the Company's authorised intermediary without any prior understanding or arrangement between the Company and/or its subsidiaries and the counterparties. Repurchases will be effected within certain pre-determined price limits with specific reference to the limits of the general authority granted by the Company's shareholders and in compliance with the JSE's Listings Requirements.
Preference shares repurchased under the Programme will be cancelled as issued shares and will revert to authorised but unissued share capital status.
The Programme may be discontinued at any stage during the period concerned and there is no obligation on the Company to purchase any preference shares during the period.
I see they are doing a preference share buyback? Does anyone know how many there are or if this is material? Thanks
I'm at 173... I think it'll be back up by early next year
Stuck in with a chunk at £1.90 here... thoughts?
I am in from 147. If I had the funds I would be averaging down right now. Dangelous 170 still a bargain price this will show a good recovery soon enough
This is a great price, a lot better than my price, if you what to make easy money ..... this looks very attractive!
I'm surprised too....the shares owned in ninety one are worth £500m on their own. Think we just need patience here. Look at the recovery after the last recession....it went from £1.64 to £5.50 in 12 months. Just needs sentiment. Our NAV on the balance sheet is nearly £4 on own!!