Declared Dividend • May 24
Final dividend of R4.72 announced Shareholders will receive a dividend of R4.72. Ex-date: 19th August 2026 Payment date: 15th September 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be well covered in 3 years' time (45% forecast payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 23
Investec Group Proposes A Final Dividend in Respect of the Year Ended 31 March 2026, Payable on 15 September 2026 The Board of Investec Group has proposed a final dividend of 21.0 pence per share in respect of the year ended 31 March 2026, payable to shareholders recorded in the shareholders' register of the Company at the close of business on 21 August 2026 (FY2025: 20.0 pence), bringing the total dividend for the year to 38.5 pence (FY2025: 36.5 pence) translating to a 46.4% payout ratio, within the Group's current 35% to 50% payout policy. Payment date is 15 September 2026. Last day to trade cum-dividend 18 August 2026 on Johannesburg Stock Exchange and 19 August 2026 on London Stock Exchange. Announcement • May 22
Investec Group, Annual General Meeting, Aug 06, 2026 Investec Group, Annual General Meeting, Aug 06, 2026. Announcement • Dec 03
Moss Ngoasheng entered into a Binding Term Sheet to acquire an additional 6.90% stake in Burstone Group Limited (JSE:BTN) from Investec Group (JSE:INL) for approximately ZAR 500 million. Moss Ngoasheng entered into a Binding Term Sheet to acquire an additional 6.90% stake in Burstone Group Limited (JSE:BTN) from Investec Group (JSE:INL) for approximately ZAR 500 million on November 28, 2025. A cash consideration valued at ZAR 9 per share will be paid by the buyer. Announcement • Sep 21
Investec Group Provides Earnings Guidance for the Six Months Ended 30 September 2025 Investec Group provided earnings guidance for the six months ended 30 September 2025. The Group's results for first half of 2026 are expected to be in line with the prior period. The company expected Basic earnings per share of 36.0 pence to 38.8 pence (1H2025: 36.6 pence) or c.2% behind to c.6% ahead of prior period. Announcement • Aug 21
Investec Group Appoints Louisa Stephens as an Independent Non-Executive Director, Effective 21 August 2025 Investec Group announced the appointment, with effective 21 August 2025, of Louisa Stephens as an independent non-executive director of the Board. Louisa Stephens is a qualified Chartered Accountant (SA) and Chartered Director (SA) with extensive experience in investment management and corporate governance. She has served in executive roles at Circle Capital Ventures and Nozala Investments; and has held non-executive directorships across a range of listed and unlisted companies, including Netcare, MultiChoice Group, and Royal Bafokeng Platinum. Save for the directorships listed in the notes, there are no further details required to be disclosed by Rule 9.6.13 of the UK Listing Rules. Current directorships: Louisa Stephens: Multichoice Group Limited, Netcare Limited and Strate Proprietary Limited. Announcement • Jun 30
Investec Group, Annual General Meeting, Aug 07, 2025 Investec Group, Annual General Meeting, Aug 07, 2025. Location: 100 grayston drive, sandown, sandton, South Africa Announcement • Mar 20
Investec Group Provides Earnings Guidance for the Year Ending 31 March 2025 Investec Group provided earnings guidance For the year ending 31 March 2025. For the period, the company expects Headline earnings per share between 67.2 pence and 73.5 pence (FY2024: 72.9 pence) or c.8.0% behind to c.1.0% ahead of prior year. Basic earnings per share between 67.2 pence and 73.5 pence (FY2024: 105.3 pence) or c.30.0% to c.36.0% behind prior year. The prior year was positively impacted by the significant net gain from the implementation of the UK Wealth & Investment combination with Rathbones which was partially offset by the effects of Burstone's deconsolidation; and the amortisation of intangible assets associated with the Rathbones combination in the current period. Announcement • Nov 21
Investec Group Announces Interim Dividend for the Six Months Ended 30 September 2024, Payable on 31 December 2024 Investec Group announced that interim dividend number 44, being a gross dividend of 16.50000 pence (2023: 15.50000 pence) per ordinary share has been declared by the Board from income reserves in respect of the six months ended 30 September 2024, payable to shareholders recorded in the shareholders' register of the Company at the close of business on 13 December
2024. Payment date is 31 December 2024. Last day to trade cum-dividend: On the Johannesburg Stock Exchange (JSE)- 10 December 2024; On the London Stock Exchange (LSE)- 11 December 2024. Announcement • Sep 20
Investec Group to Report First Half, 2025 Results on Nov 21, 2024 Investec Group announced that they will report first half, 2025 results on Nov 21, 2024 Recent Insider Transactions • Sep 13
Insider recently sold R18m worth of stock On the 10th of September, Richard Wainwright sold around 139k shares on-market at roughly R132 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R23m more than they bought in the last 12 months. Announcement • Sep 06
Investec Group (JSE:INL) acquired an additional minority stake in Accelerate Property Fund Limited (JSE:APF). Investec Group (JSE:INL) acquired an additional minority stake in Accelerate Property Fund Limited (JSE:APF) on September 4, 2024. Such that the total beneficial interest in the ordinary shares of the Company held by Investec amounts to 12.39% of the total issued ordinary shares of the Company.
Investec Group (JSE:INL) completed the acquisition of an additional minority stake in Accelerate Property Fund Limited (JSE:APF) on September 4, 2024. Recent Insider Transactions • Aug 14
Insider recently sold R15m worth of stock On the 9th of August, Richard Wainwright sold around 113k shares on-market at roughly R135 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R20m more than they bought in the last 12 months. New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Reported Earnings • Jul 02
Full year 2024 earnings released: EPS: UK£0.71 (vs UK£0.79 in FY 2023) Full year 2024 results: EPS: UK£0.71 (down from UK£0.79 in FY 2023). Revenue: UK£1.91b (up 6.1% from FY 2023). Net income: UK£602.3m (down 15% from FY 2023). Profit margin: 32% (down from 39% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Vanessa Olver was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 30
Insider recently sold R1.9m worth of stock On the 24th of May, Richard Wainwright sold around 15k shares on-market at roughly R126 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R4.5m more than they bought in the last 12 months. Declared Dividend • May 26
Final dividend of R4.44 announced Shareholders will receive a dividend of R4.44. Ex-date: 21st August 2024 Payment date: 6th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by earnings (47% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 24
Full year 2024 earnings released: EPS: UK£0.71 (vs UK£0.86 in FY 2023) Full year 2024 results: EPS: UK£0.71 (down from UK£0.86 in FY 2023). Revenue: UK£1.91b (down 12% from FY 2023). Net income: UK£602.3m (down 21% from FY 2023). Profit margin: 32% (down from 35% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year. Announcement • May 23
Investec Group acquired an unknown minority stake in Accelerate Property Fund Limited. Investec Group acquired an unknown minority stake in Accelerate Property Fund Limited on May 21, 2024. Investec Group completed the acquisition of an unknown minority stake in Accelerate Property Fund Limited on May 21, 2024. Announcement • Mar 21
Investec Group to Report Fiscal Year 2024 Results on May 23, 2024 Investec Group announced that they will report fiscal year 2024 results on May 23, 2024 New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Nov 29
Upcoming dividend of R3.52 per share at 6.4% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 6.4%. Lower than top quartile of Namibian dividend payers (12%). In line with average of industry peers (6.9%). Reported Earnings • Nov 19
First half 2024 earnings released: EPS: UK£0.34 (vs UK£0.47 in 1H 2023) First half 2024 results: EPS: UK£0.34 (down from UK£0.47 in 1H 2023). Revenue: UK£955.4m (up 11% from 1H 2023). Net income: UK£293.6m (down 31% from 1H 2023). Profit margin: 31% (down from 49% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 46% per year. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Namibian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (4.0% average weekly change). Announcement • Nov 09
Investec Group Revises Earnings Guidance for the First Half of Fiscal Year 2024 Investec Group revised earnings guidance for the first half of fiscal year 2024. For the period, the company now expects Basic EPS to be in the range of 69.0 pence to 70.0 pence against previous forecast of 67.2 pence to 69.2 pence. HEPS to be in the range of 36.5 pence to 37.5 pence against previous forecast of 33.8 pence to 35.8 pence. Recent Insider Transactions • Oct 05
Insider recently sold R1.6m worth of stock On the 29th of September, Richard Wainwright sold around 15k shares on-market at roughly R109 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R12m more than they bought in the last 12 months. Announcement • Sep 22
Investec Group Provides Earnings Guidance for the Six Months Ending 30 September 2023 Investec Group provided earnings guidance for the six months ending 30 September 2023. For the period, the company expects basic earnings per share between 67.2 pence and 69.2 pence (33.0% to 37.0% ahead of prior period) (First half 2023: 50.6 pence). Announcement • Aug 21
Investec Bank Limited Announces CEO Changes Investec announces, in accordance with Section 6.39 of the JSE Debt Listings Requirements and receipt of requisite regulatory approvals, the following changes to the Board of Investec Bank Limited: The Investec Bank Limited Board has commenced with the next stage of its approved executive succession plan. The company previously announced that Richard Wainwright will step down from his current role of Chief Executive Officer (CEO) of Investec Bank Limited (IBL) during the course of 2024 and confirmed that a further announcement would be made once Richard's successor has been identified. The Board has identified Cumesh Moodliar as the next CEO of IBL. Cumesh will be appointed as CEO of IBL on 01 April 2024. Richard will at that time remain an executive of Investec Limited until his planned retirement in 2025. Cumesh has been with Investec since 2012 in a number of roles including Regional Head of the Private Bank in the Eastern Cape, National Banking Head, Head of the Private Bank and more recently the Head of the Private Client Franchise. Upcoming Dividend • Aug 10
Upcoming dividend of R4.23 per share at 6.1% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 6.1%. Lower than top quartile of Namibian dividend payers (12%). In line with average of industry peers (6.5%). Board Change • Aug 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Vanessa Olver was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 04
Full year 2023 earnings released: EPS: UK£0.86 (vs UK£0.52 in FY 2022) Full year 2023 results: EPS: UK£0.86 (up from UK£0.52 in FY 2022). Revenue: UK£2.17b (up 15% from FY 2022). Net income: UK£765.2m (up 61% from FY 2022). Profit margin: 35% (up from 25% in FY 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. New Risk • Jun 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (R35m sold). Recent Insider Transactions • Jun 18
Group Head of Risk & Executive Director recently bought R19m worth of stock On the 14th of June, James Whelan bought around 174k shares on-market at roughly R111 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R29m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 29
Group CEO & Executive Director recently sold R11m worth of stock On the 25th of May, Fani Titi sold around 102k shares on-market at roughly R104 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fani's only on-market trade for the last 12 months. Reported Earnings • May 18
Full year 2023 earnings released Full year 2023 results: Revenue: UK£2.17b (up 15% from FY 2022). Net income: UK£804.9m (up 69% from FY 2022). Profit margin: 37% (up from 25% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Capital Markets industry in Africa. Upcoming Dividend • Nov 30
Upcoming dividend of R2.78 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 09 January 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Namibian dividend payers (10%). In line with average of industry peers (5.8%). Recent Insider Transactions • Nov 27
Executive Director recently sold R10m worth of stock On the 25th of November, Richard Wainwright sold around 100k shares on-market at roughly R101 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R83m more than they bought in the last 12 months. Reported Earnings • Nov 18
First half 2023 earnings released First half 2023 results: Revenue: UK£1.07b (up 19% from 1H 2022). Net income: UK£458.5m (up 99% from 1H 2022). Profit margin: 43% (up from 26% in 1H 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Capital Markets industry. Announcement • Oct 18
Investec Group to Report Q2, 2023 Results on Oct 17, 2022 Investec Group announced that they will report Q2, 2023 results at 9:00 AM, South Africa Standard Time on Oct 17, 2022 Upcoming Dividend • Jul 13
Upcoming dividend of R2.79 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of Namibian dividend payers (10.0%). In line with average of industry peers (7.0%). Announcement • Jul 05
Investec Group (JSE:INL) commences an Equity Buyback plan for 69,608,262 shares, under the authorization approved on August 5, 2021. Investec Group (JSE:INL) commences share repurchases on July 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 5, 2021. As per the mandate, the company is authorized to repurchase up to 69,608,262 shares. The shares will be repurchased at a price of £0.0002 per ordinary share. The minimum price which may be paid for each ordinary share is the nominal value of such share at the time of purchase. The maximum price which may be paid for any ordinary share is an amount equal to the higher of 105% of the average of the middle market quotations of the ordinary shares of the company as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased or the higher of the price of the last independent trade and the highest current bid for an ordinary share. This authority shall expire at the conclusion of the Annual General Meeting of the company to be held in 2022, or if earlier,15 months from the date on which this resolution. Recent Insider Transactions • Jun 08
Group CEO & Executive Director recently sold R9.1m worth of stock On the 6th of June, Fani Titi sold around 97k shares on-market at roughly R93.84 per share. This was the largest sale by an insider in the last 3 months. This was Fani's only on-market trade for the last 12 months. Announcement • May 20
Investec Group Provides Revenue Guidance for the Fiscal Year 2023 Investec Group provided revenue guidance for the fiscal year 2023. For the year, the company expects revenue to be underpinned by higher average interest rates supporting margins, higher average lending books and increased activity levels given expected GDP growth. Reported Earnings • May 20
Full year 2022 earnings released Full year 2022 results: Revenue: UK£1.88b (up 27% from FY 2021). Net income: UK£516.2m (up 129% from FY 2021). Profit margin: 27% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.8%, compared to a 13% growth forecast for the industry in Africa. Announcement • May 19
Investec Group Announces Non-Executive Director Changes Investec Group announced that the Board announced the appointment of Vanessa Olver as a non-executive director of the Board, with effect from 18 May 2022. Vanessa will also be appointed as a member of the Group's Audit Committees and Board Risk and Capital Committee. Vanessa has been identified as David Friedland's successor as Chair of the Group's Board Risk and Capital Committee and will accordingly assume the role when David stands down from the Board on 04 August 2022 having served as a director for nine years. Vanessa is an independent non-executive director of Investec Bank Limited (IBL), the Group's South African Specialist Bank since May 2021. Announcement • May 12
Investec Group, Annual General Meeting, Aug 04, 2022 Investec Group, Annual General Meeting, Aug 04, 2022. Announcement • Feb 03
Investec Appoints Jonathan Long as Head of Corporate Lending in its Real Estate Team Investec has named Jonathan Long (pictured) as head of corporate lending in its real estate team. Long has been with company since 2016, joining from BLME, where he had spent three years. Since joining Investec, Long has closed £600m of real estate loans in both the development and investment space. In his new role he replaces Mark Bladon, now head of real estate lending. The move comes after the company exceeded its lending targets for the first nine months of the financial year, with £705m of new commitments. Under Long’s leadership, the team will continue to focus on underwriting larger ticket size transactions, with a specialism in the living and industrials sectors. Recent Insider Transactions • Nov 25
Insider recently sold R683k worth of stock On the 23rd of November, David Van der Walt sold around 8k shares on-market at roughly R82.00 per share. In the last 3 months, there was an even bigger sale from another insider worth R7.8m. Insiders have been net sellers, collectively disposing of R23m more than they bought in the last 12 months. Reported Earnings • Nov 19
First half 2022 earnings released: EPS UK£0.25 (vs UK£0.096 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£899.4m (up 39% from 1H 2021). Net income: UK£230.3m (up 158% from 1H 2021). Profit margin: 26% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 30
Executive Director recently sold R602k worth of stock On the 27th of September, Richard Wainwright sold around 10k shares on-market at roughly R62.66 per share. In the last 3 months, they made an even bigger sale worth R7.8m. Insiders have been net sellers, collectively disposing of R22m more than they bought in the last 12 months. Announcement • Sep 24
Investec Group Provides Group Earnings Guidance for the Six Months Ending September 30, 2021 Investec Group provided group earnings guidance for the six months ending September 30, 2021. For the period, the company expected basic earnings per share between 20.2 pence and 22.7 pence. Recent Insider Transactions • Sep 08
Executive Director recently sold R7.8m worth of stock On the 2nd of September, Richard Wainwright sold around 131k shares on-market at roughly R59.79 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R22m more than they bought in the last 12 months. Recent Insider Transactions • Sep 01
Executive Director recently sold R736k worth of stock On the 27th of August, Richard Wainwright sold around 12k shares on-market at roughly R60.60 per share. In the last 3 months, there was an even bigger sale from another insider worth R5.2m. Insiders have been net sellers, collectively disposing of R14m more than they bought in the last 12 months. Recent Insider Transactions • Aug 18
Insider recently sold R525k worth of stock On the 16th of August, David Van der Walt sold around 9k shares on-market at roughly R58.00 per share. In the last 3 months, there was an even bigger sale from another insider worth R5.2m. Insiders have been net sellers, collectively disposing of R13m more than they bought in the last 12 months. Executive Departure • Aug 06
Independent Chairman of the Board Peregrine Oughton Crosthwaite has left the company On the 5th of August, Peregrine Oughton Crosthwaite's tenure as Independent Chairman of the Board ended after 11.1 years in the role. As of March 2021, Peregrine still personally held 115.74k shares (R5.0m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Chairman of the Board Peregrine Oughton Crosthwaite has left the company On the 5th of August, Peregrine Oughton Crosthwaite's tenure as Independent Chairman of the Board ended after 11.1 years in the role. As of March 2021, Peregrine still personally held 115.74k shares (R5.0m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Chairman of the Board Peregrine Oughton Crosthwaite has left the company On the 5th of August, Peregrine Oughton Crosthwaite's tenure as Independent Chairman of the Board ended after 11.1 years in the role. As of March 2021, Peregrine still personally held 115.74k shares (R5.0m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Chairman of the Board Peregrine Oughton Crosthwaite has left the company On the 5th of August, Peregrine Oughton Crosthwaite's tenure as Independent Chairman of the Board ended after 11.1 years in the role. As of March 2021, Peregrine still personally held 115.74k shares (R5.0m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Chairman of the Board Peregrine Oughton Crosthwaite has left the company On the 5th of August, Peregrine Oughton Crosthwaite's tenure as Independent Chairman of the Board ended after 11.1 years in the role. As of March 2021, Peregrine still personally held 115.74k shares (R5.0m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Non-Executive Director George Malloch-Brown has left the company On the 5th of August, George Malloch-Brown's tenure as Independent Non-Executive Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under George's name. A total of 3 executives have left over the last 12 months. Executive Departure • Aug 06
Independent Non-Executive Director George Malloch-Brown has left the company On the 5th of August, George Malloch-Brown's tenure as Independent Non-Executive Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under George's name. A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Jul 17
Insider recently sold R5.2m worth of stock On the 14th of July, Henry Blumenthal sold around 93k shares on-market at roughly R55.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R7.9m more than they bought in the last 12 months. Upcoming Dividend • Jul 14
Upcoming dividend of R1.50 per share Eligible shareholders must have bought the stock before 21 July 2021. Payment date: 10 August 2021. Trailing yield: 5.3%. Lower than top quartile of Namibian dividend payers (6.7%). Lower than average of industry peers (6.0%). Executive Departure • Jul 13
Independent Non-Executive Director Charles Jacobs has left the company On the 30th of June, Charles Jacobs' tenure as Independent Non-Executive Director ended after 6.9 years in the role. We don't have any record of a personal shareholding under Charles' name. Charles is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Jul 05
Key Executive recently sold R368k worth of stock On the 30th of June, Nishlan Samujh sold around 7k shares on-market at roughly R54.59 per share. In the last 3 months, there was an even bigger sale from another insider worth R1.2m. This was Nishlan's only on-market trade for the last 12 months. Reported Earnings • Jul 04
Full year 2021 earnings released: EPS UK£0.24 (vs UK£0.17 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£1.48b (down 7.4% from FY 2020). Net income: UK£225.3m (up 36% from FY 2020). Profit margin: 15% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 03
Executive Director recently sold R1.2m worth of stock On the 28th of May, Richard Wainwright sold around 21k shares on-market at roughly R58.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R1.8m more than they bought in the last 12 months. Reported Earnings • May 22
Full year 2021 earnings released: EPS UK£0.25 (vs UK£0.17 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£1.48b (down 7.4% from FY 2020). Net income: UK£268.3m (up 62% from FY 2020). Profit margin: 18% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
Investec Group Announces Board Changes The Board of Investec Group confirmed that, in line with corporate governance guidelines and best practice regarding tenure, Investec Group Chairman Perry Crosthwaite will be standing down with effect from the Group's 2021 Annual General Meeting (the AGM), which will take place on 05 August 2021. Investec is in the process of appointing a successor to the position of Group Chairman and will make the relevant announcement at the appropriate time. At the same time, and further to Charles Jacobs's upcoming appointment as co-head of U.K. investment banking at JP Morgan and Lord Malloch-Brown's appointment as President of the Open Society Foundations, both have indicated their intention not to stand for re-election at the AGM and accordingly Charles Jacobs will step down from the Boards with effect from 30 June 2021 and Lord Malloch-Brown will step down with effect from 05 August 2021. The Boards are grateful to Charles and Lord Malloch-Brown for their service and commitment to the Group. Is New 90 Day High Low • Mar 06
New 90-day high: R43.61 The company is up 9.0% from its price of R40.02 on 04 December 2020. The Namibian market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 7.0% over the same period. Recent Insider Transactions • Feb 17
Insider recently sold R513k worth of stock On the 12th of February, Henry Blumenthal sold around 13k shares on-market at roughly R41.05 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Feb 06
New 90-day high: R40.84 The company is up 28% from its price of R31.84 on 06 November 2020. The Namibian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 20% over the same period. 
