Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
One hell of an earnings upgrade this morning..yum yum too...
....next month. Yum yum. Excellent for keeping up with inflation.
Not really but I have made my portfolio tilt sharply towards inflation-protection and it seems to be working out. My major safety stroke was a hefty wad of TIPS vis Lyxor and they hit a new high today. It does not make me at all richer yet but INVP as a bank and involved in takeovers will produce nice figures too, so feeling much better today.
I bought these a few months back at £2.90 based on good momentum and that momentum is continuing.
Well, interesting questions to which I cannot be sure of an answer.
I have had INVP in the long term a few since 2008. Since then and with subsequent top ups I am showing a bit more than 50% return which though not terrible is not startling. It does not include half the divs as I was not including them in calculations till 2015.
There has been times when this was above £6 while I have had and so I have been in far better positions. I have no record of me ever selling any, something I do with most of my holdings at some point, top slicing or similar. Except I did a quick in and out and then in again earlier this year for a small profit.
As to me it's a kind of bank I got originally when BARC etc were all making a mess of things. They still hold an attraction as something a bit different.
I think they have been impacted by the unreliability of South African politics and still are. Whether there will come a time when that is lessened who knows?
They have also hived off N91, which I have consequential shares in, a portion of the value when they last hit £6.
I am still in with more shares than I have ever had in them, I will probably sit tight for a while. Even so I will likely start trimming my position when things get over £4.50 and upwards, maybe before that!
This share has been amazing for me. Bought in the lows last year so below £1.30 at times. Now rising inflation/interest rates. should be good for this and my Barc shares. What are people expecting for this? £5-6? I may just keep them for the ling term (10 years) and just let the good dividend keep going and buy on any dips/market crashes, like last time
Thoughts?
...is good for bank shares and I believe only the beginning. I foresee £5+ plus here a year down the road.
Superb discount to NAV - around 40%. As bluechip Asset Managers go this is as good as it gets. Great dividend too! Buy and hold.
Hi Squiffy. There has been some highlighting in recent days of how many takeovers are happening and this is a moneymaker for merchant banks who are expected to announce large increases in profits in due course. Yolu just have to check this co's RNS's to notice the business. I am a LTH.
I don't think any serious investor follows those idiots.
I noticed over the weekend that there were a couple of buy recommendations on motley fool.
Any news is good news and I wonder if those notes have helped the Sp today?
looking up, probably because of increased buy-out activity but also interest rates are showing earloy signs of upward tick,
The best is yet to come! The inflationary coil has only just started to unwind and that will be extremely good for the banks although sad for borrowers.
Hi ww,
Sorry for the late reply.
I would try ADVFN if you haven’t already? it’s investec board has much more chat and I’m sure someone there will try and answer any questions you have.
Please would someone explain to me what is going on here?
£400mil for notes, whatever they are at a return rate of maybe 4.5% in May 2022 depending if they decide to buy back? I can see they are looking for debt clearing but how does this work?
2,000 mil euros for what?
Thought this was an interesting article:
JOHANNESBURG (Reuters) - FirstRand has found offering banking to cash-only businesses in South African townships trickier than expected, but the firms involved are also far bigger than it realised.
Africa’s biggest lender by market capitalisation announced the takeover of financial technology firm Selpal in March, with the aim of capturing a greater slice of the township economy.
Millions of people live in townships, which were areas designated for non-whites under apartheid and are often satellites of South Africa’s major cities.
Wealthy residents, golf courses and shopping malls are also now a feature of the country’s most populous township, Soweto, near Johannesburg, as well as a large poorer population living hand-to-mouth in often cramped conditions.
Townships are also home to millions of firms from tiny informal shops to big wholesalers, historically ignored by major banks in South Africa, which make up a sizeable untapped market.
After almost three years, FirstRand has found that the scale of the unbanked businesses is much larger than it thought, Jesse Weinberg, head of the small to medium-sized enterprise (SME) customer segment at FirstRand’s retail division FNB, said.
It has been giving firms Selpal devices and software, which allow customers to pay via card and enable the firms to buy from suppliers, with a view to using the data collected to later offer them financial services such as loans for the first time.
Although it had not met its original goal of capturing 2,500 wholesalers by 2022, Weinberg said FirstRand had surpassed this figure for the total of firms signed on. The bank has also changed its definition of wholesaler and now estimates there are only 20-30 of these in an average township.
It also found far bigger cash-only wholesalers than anticipated, with some achieving turnover as high as 40 million rand ($2.84 million) a month, Weinberg said, a figure that firms at the higher end of its SME category only do annually.
Even very small township shops typically turn over 2 million rand a year, he said, although their margins are very thin.
“That would suddenly put that customer into quite a significant bracket, it’s a decent size of business,” he said.
Early lending pilots had also entailed surprises.
One pilot testing a product that worked in a similar to way to trade credit, which allows businesses to pay suppliers for stock or services later, saw some business owners turn it down.
Those that did take part became so nervous about their negative account balance that in some cases they began avoiding interaction with Selpal agents altogether.
“It caused a bit of confusion,” Weinberg said, adding the bank would re-introduce credit pilots at a later stage.
($1 = 14.0631 rand)
Hi Jb90,
I recently read on another board that SA government net tax received was down 8% last year but this was less than was forecast.
The IMF have increased SA growth forecast from 2.8% to 3.1% for this year which has to be positive for Invp.
There are still risks of course but I think there is real potential for decent growth and income here
But ultimately the market will decide.
just bought into these and Aviva. Just seems both companies are looking at the moment and i see upside potential in both.
Not sure how far the INVP SP can go in the short term but we shall see
GLA
Very much regret not buying more at 1.40, but there you go. Hoping this rise continues. Where do people see the top being in the next 2-3 years?
I often find that successful investments often have boards with little activity.
Yes I have Aviva as well and that’s starting to look very promising as well.
Haven’t the money or guts to day trade but admire anyone that does and makes money.
At the moment my portfolio is dominated by mining companies ,namely PGMs but it’s proving rewarding at the moment.
Agreed Squiffy. Been invested since this time last year at 160.00 and despite SP flat lining for a bit, now appears to be holding steady rises. I use this and Aviva to pop in profits from my trading shares and for the time being see it as a 'safe' place with a little bit of dividend to help on its way and hopefully stay upward to 330 - 350 mark. Certainly worse places to be.
I’ve been here a year but first post.
This is not a prolific posting board compared to others I read but that’s not a criticism just a fact.
IMO great investment with good potential! Big discount to NAV and a decent dividend as well.
What’s not to like?
I’m new to this BB but also a client of this Bank. Really good guys on lending team and this SP keeps going up. I’m holding for 350p minimum. GLA
Extremely good under terrible circumstances. Can only pray that the only way is up, particularly for S. Africa which is short on vaccine. Fair divi for the time being. If things get better over there I can see these getting nearer to NAV in the next year. Definite hold for me.
At 1648 BST - try catch up.