IBRP1 - Investec Redeemable Preference Shares
The Investec Redeemable Preference Shares (IBRP1) are cumulative preference shares issued by Investec Bank Limited on the JSE to provide investors with local dividend income with reference to the prime rate. The IBRP1 shares, which rank in priority to perpetual preference shares and ordinary equity of the issuer, is aimed at investors seeking attractive after tax income returns from a low risk investment.
The IBRP1 instrument accrues dividend income at a rate of 57% of prime, payable quarterly, with a maturity date of March 2021. This equates to a rate of 3.99% at the current prime rate. A comparable interest bearing investment would have to yield 5.80% for individuals and 5.54% for corporate investors in order to match the return offered by the IBRP1’s after tax, assuming the maximum tax rate of 45% and dividend withholding tax rate of 20%.
Investec Bank Limited is a specialist bank providing a diverse range of financial products and services to a niche client base in South Africa and Mauritius.
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|Number of Deals:||0||Shares Outstanding:||341,717|
IBRP1 Stock Market Performance
The current share price of Investec Redeemable Preference Shares (IBRP1) is ZAR 1,005.77. The IBRP1 stock closed its last trading day (Tuesday, November 24, 2020) at 1,005.77 ZAR per share on the Johannesburg Stock Exchange, recording a 0.01% gain over its previous closing price of 1,005.66 ZAR. IBRP1 began the year with a share price of 1,014.02 ZAR but has since lost 0.81% off that price valuation, ranking it 165th on the JSE in terms of year-to-date performance. The table below details the last 10 trading days of activity of Investec Redeemable Preference Shares on the Johannesburg Stock Exchange.
Profile of Investec Bank Limited
Investec Bank Limited operates in the Financials sector, specifically, the Financial Services industry. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|Factsheet of Investec Bank Limited|
100 Grayston Drive, Sandown, Sandton, 2196, South Africa
+27-11-286-7000, +27-11-286-9546, +27-11-286-9616
IBRP1 Industrial Market Competitors
Investec Bank Limited, issuers of the IBRP1 stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or the Financial Services industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|PPE||Purple Group Ltd||913.79m||0.93||+158.3%|
|SYG4IR||Sygnia Itrix 4th IR Global Equity ETF||1.44b||43.16||+59.0%|
|MLE||Mettle Investments Ltd||494.35m||2.00||+55.0%|
|DNB||Deneb Investments Ltd||870.36m||2.00||+39.9%|
|NY1||Ninety One Limited||13.56b||45.19||+37.4%|
|N91||Ninety One Plc||28.33b||45.50||+35.0%|
|SYGUS||Sygnia Itrix MSCI US ETF||5.73b||52.96||+24.3%|
|SYG500||Sygnia Itrix S&P 500 ETF||1.76b||56.20||+22.0%|
|SYGJP||Sygnia Itrix MSCI Japan ETF||836.27m||16.06||+20.9%|