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I think it'll move up soon when everything else rises. Not a well known stock but profits to be made here.
Here's hoping for 300p this year.
This has moved up 3p since I bought it in mid November. Is anybody else losing the will with this? Seems that a fundamentally sound, dividend paying company is just not trendy anymore. Think everyone sold up last week and moved on!
Is going on here? 220 earlier in the week, and now here.
You can say that again!
SAS in political mess and London down day. keep the faith. These are still cheap.
Hopefully we can stay above that pesky 210p resistance point and have a real breakout???
Hi jb, it is nice to see this finally take a jump, lets just hope it stays there or continues further!
As for 6 months, I'd be happy to see it regain ground on the past sp other financial services have already seen, but I'd be more than happy at a hold over the 265 mark by the summer.
Finally a bit of a push comfortably beyond 200p.
Where do we see this in 6 months?
yep.. and it still trades at a huge discount to NAV. My largest position.
...very interesting here. This could rise quite smoothly over next 6.
Apologies I pasted the wrong bit
Given the uncertain economic conditions, Investec build elevated slippages and credit costs even for FY22e to absorb this stress. Operational performance both on operating profitability and deposits mobilization remain strong, while the positive “one-offs” of recoveries & treasury income are higher than negative “one-offs” of interest reversals. Investec reduces book value per share by 3% and target price to Rs19 (from Rs20) and retain Hold.
Hi Risk
Think this is Investec as the Broker, 'Yes Bank' is the stock in question.
Sufficiently capitalized but profitability uncertain; retain hold:
Investec believes the bank’s CET1 should remain above 12% even if the entire stress were to be absorbed over the next 5 quarters. Liabilities continue to improve continuously with CD ratio now at 116% and deposit growth strong at 7.7% QoQ. While the balance sheet remains stable, profitability will take time to improve as we continue to build higher credit costs due to economic uncertainty. Investec reduces book value per share by 3% and target price to Rs19 (from Rs 20) to factor in higher credit costs in FY22e. Retain Hold on Yes Bank.
https://www.zeebiz.com/market-news/news-yes-bank-share-price-investec-reduces-book-value-per-share-by-3-target-price-to-rs19-from-rs-20-146849
With a market cap of almost £2B, you'd think there'd be more broker recommendations? Nothing since Nov 20? Or is it just me?
You can say that again. Trading at around 350p before falling off the Covid-cliff at the end of Feb, and now can't seem to break through the 210p ceiling. TBH I bought at 155p, so I'm still just over 20% up since early April 2020, but was expecting a rather quicker recovery???
Im wondering the same thing, seems we are a little off the pace here
Does anyone have any insights as to why INVP is not recovering like many other financials?
When will 210 be held?
Days like today are disappointing. Other financials up 5%+ (lloyds 5.1%, Barclays 7%, ftse 2.5%), yet we are 2%. A gain is a gain, so can't complain. Just need some good movement.
We need some sustained positive quarter reporting re financials, especially asset values, all finger in the air stuff to date. Hopefully the stock will settle around 250 by mid 2021. Im in with a target price of 260 within 12 months.
Yeah, ideally i would like to buy and hold this, but seems to be in a range of 180-200p, therefore may as well do a bit of trading. I think once some good news/report comes out, it should break 200p and hold. But yeah, this stock is an odd one. Seems a good/strong company, just struggling like many others at the moment on the SP side.
I do not get this stock. Come on!!
I am looking for at least £2.50 and resumed full dividend.
Got some more today...
Hello all bought in today happy to take the dividends whilst the inevitable rerate occurs gla regards jack