Buy when the mob is selling.....14 May 2023 11:57
This is a very canny outfit and the chart shows these are down 25% and staying put. there are, in my view, a number of reasons:
1) South Africa is not economically a happy place to invest right now.
2) Ditto Banking as a whole.
3) The recent deal with Rathbones to merge up both their Savings businesses was viewed as an admission of defeat by Investec but you can argue quite the opposite - namely, they are making savings by sharing the staff once slimmed down to run that joint business. Possibly also bricks and mortar overheads.
If you invest medium to long term, a decent case can be made for buying at this time, especially since they pay healthy dividends. Rather than pumping a huge sum in one hit, you could consider splitting your funds into monthly chunks.