Originating in South Africa, Investec provides various financial services including private banking, wealth management and investment banking.
They never recovered after COVID. Is anyone aware of prospects going forward?
Would appreciate any discussion points.
@ncftrnc In the Investec Trading Update (March '21) it was said that ‘While the general outlook is improving, the long term impact of the pandemic is uncertain…we are positioned to pursue long term growth.’ The company plans to make a dividend payment in May '21.
'Very undervalued with reasonable growth potential ’
Earnings are forecast to grow by 29.93% per year ~ SimplyWallSt.
There has been some insider selling but I have seen a few positive reports.
I plan to keep topping up on this one.