||EPS - Basic
||Market Cap (m)
Real-Time news about Jarvis (London Stock Exchange): 0 recent articles
One step at a time, we have won one of the four
chosen contractors with nwr, then we have moved
to winning non nwr and have done so, Jan, Feb
is always a poor period for jrvs share price.
|rogsim: Oh dear - as if watching the JRVS share price was not enough for those of a sensitive nature.|
|peaeff: Personally I don't see the problem here which many others seem to do. My first venture into JRVS was at the 6p point and I took out my initial stake and a nice profit at around the 23p mark, and left myself with a free cache of shares.
Since then I have added steadily and am sitting on a nice book profit. I am very happy to hold and agree with many of the reasons given, by others on this thread. The company is now progressing, work is obviously continuing, because if it weren't I suspect that there would have been further news of redundancies by now. Mentionable contract work has just been announced and it has come from a source other than NR, a fact which management made mention of in the last update. We should take heart from that. JRVS are one of the four selected companies for NR contracts therefore I feel it a certainty that work will be forthcoming from that direction. Trying to guess the daily outcome of any share future is the way to the poor house and wanting it all to happen tomorrow will only frustrate and disappoint.
So what is the problem?. It can only be that those who continually carp about the rise and fall, the conspiricies, the mm's manipulation, the markets not waking up to JRVS etc, are only here for a quick fix or, more likely, because they cannot make money quick enough.
I am all for taking profits, when they are worth taking, but with a company of this kind, who are so reliant/restricted on the state of the economy for most of their income, JRVS is not the right format to be day trading. Patience will offer far more reward. The long run will be the quickest way to riches. Yesterdays news has now passed from imminent to gone, and now investors are wondering 'how long before the next?' That is probably why it didn't make the expected impact on the share price. AIMO.
|energy_lully: roman numerals aren't exactly the latin 'language' although they spoke latin....
( M - C*LXIX )/ X = JRVS share price next week ;)|
|dexdringle: As I see it (as holder of 30,000 shares @ 14.5p don't ask) there seem to be a finite number of possibilities as to why the share price is languishing at pennies.
1. the company is not truly viable no matter what and it's a slow spiral to insolvency
2. the company is viable but the management are incompetent so cannot turn that into reality
3. everything is rosey but there is deliberate negativity strategy on the part of the management with an ulterior motive (ie keep the share price low and depress holders so they are softened up ready for a cheeky low MBO, or to allow them to set some new very low price director share purchase scheme, or to allow their mates to buy cheap ready for a takeover or whatever)
One thing is certain, the management are reluctant to put out positive PR (either because there isn't any or they are unwilling to : see point 3 above)
Posters here keep talking about a PE ratio of 3 at current share price Presumably expecting a net profit of £10M ? Have we any reason to expect £10M ? Not sure if turnover is still circa £300M but if it is then £10M net profit is poor. Almost no point bothering for such a skinny margin......other than the fat salaries of the directors milking this thing like the cash cow (for them) that it is.
A management statement along the following lines would appear to be in order "we appreciate that the embarrassingly low market cap is as a result of our previous failings and our continuing inability to produce results, or provide any positive news whatsoever, except for flagging up a nibble from a possible buyer for the business that went no-where because we were unable to impress them either" preferably followed by "....but having said that we have just signed X contract(s) that will provide excellent profits for the next Y years and we expect annual net profits going forward, and with immediate effect, to be no less than £15M with a dividend to shareholders of at least 5p a share for the next Y years"
nurse.....nurse..........NURSE............sorry was dreaming there for a minute.
Quite why the owners of a business (us) would allow such incompetence I have no idea. Then again I've never really understood that with quoted companies (if you owned a business outright and got a bloke in to run it who was a chump you'd get rid and get someone else but that just doesn't seem to happen with collective [share] holders)
BOTTOM LINE : Irrespective of the potential of sectors in which Jarvis operates, we should not underestimate the ability of the management here to disappoint........|
|srpactive: simon 64 thank you.
mike still think the tax loss ( your info ) is a very tasty asset
to hold and will add value in time to jrvs share price.
|sluce23: its an investment, share prices rise and fall all the time. Jarvis share price has risen and fallen over the last 2 months starting from august where it rose to around 20p before taken a brief move south, then recent news has seen the share price reach its heights of 27p with help of takeover talks, however again a retrace is share price has brought this down again, set for this to again move back up north hopefully touching new highs to the back of this yr.
however this share dont need takeover talks to get this to rise, this can rise easily without takeover talk however more news of a takeover is a bonus.
net debt being reduced, a whole new faster more reliable railway to come over the coming years can only put jarvis is a strong poisition to take full advantage of the countries upgrades in its rundown railway systems.
other countries already have this and im sure the uk wont be too far behind. giving jarvis potential revenue to clear debt and also expand and further growth easily possible|
|swaganeer: I know it's gonna happen ... someday.
the following was written by a journo a YEAR-AND-A-HALF ago (since this is a long piece, apologies if it's has been reproduced recently but I've only just discovered it):
Rail contractor Jarvis was at the centre of takeover speculation this week as it prepared to face further public scrutiny over the New Year overruns at Rugby.
City analysts told NCE Jarvis' current low share price and considerable fixed assets was making the firm an attractive takeover
Speculation mounted ahead of today's Office of Rail Regulation report on the New Year rail engineering delays at Rugby and Liverpool Street.
Network Rail's programme manager Bechtel previously blamed Jarvis for overrunning works on the West Coast Main Line at Rugby after agency staff promised by the contractor failed to turn up (NCE 31 January).
While the report is unlikely to be heavily critical of Jarvis, it is yet more unwelcome publicity for a firm that has been struggling ever since Network Rail cut back on its track renewal work last year.
One leading analyst said Jarvis was the victim of a series of converging factors, but that many of these problems could be resolved if it is taken over by a larger competitor.
"First, Jarvis relies on Network Rail for 80% to 90% of its work, and cannot adapt quickly to try and reduce that reliance," said the analyst.
"Over three years, Jarvis can collect all the profit they expect from Network Rail work. But they are unable to forecast
properly year-on-year because Network Rail's spending plans are liable to change," he said.
"While this would be fine for a private company, it is not so good for one that is listed."
During 2007, Network Rail cut back on its track renewal work, and boosted its overhead line work, leading Jarvis, which is a track renewal framework contractor, to issue a profit warning in November 2007.
The warning caused the contractor's share price to lose almost 90% of its value in a single day.
Jarvis' share price remains low, but has recovered to one-quarter of the pre-profit warning figure.
But, the City has been wary of Jarvis since its profit warning and is lending to the contractor on less favourable terms.
"The city rewards confidence," said another analyst.
"Jarvis competitors, like Balfour Beatty, will always be able to command better terms from the City, partly because its business is more diversified.
"Network Rail would get the best rates of interest because it is government-backed."
Paying more interest than its competitors also puts the company at a disadvantage, eating into its profits.
If Jarvis is taken over, "it would be able to command better rates of interest, pay for £13M in overheads, and fund further work that it would want to take on," said the analyst.
Network Rail pays its contractors within a relatively long 75 days.
Contractors can manage their cashflow around this through borrowing, although Jarvis is at a disadvantage if it is paying more interest than its competitors, the analysts added.
A Network Rail spokesman said it was not planning to drop its 75-day payment terms, and it would not treat Jarvis any differently to other suppliers or contractors.
Network Rail cut the number of track renewal contractors from six to four in September, settling on Amey SECO, Balfour Beatty, First Engineering and Jarvis.
Jarvis holds the framework contract for the London North East and East Midlands areas, and is responsible for plain line and switch and crossing work, including the Great Northern and East Midlands lines.
Network Rail refused to speculate on what would happen to Jarvis if it were bought by a competitor. "A healthy Jarvis is good for the rail industry they are very good at what they do," said a spokesman.
"If there are any changes to Jarvis' structural ownership we would review [framework contracts] at that time," he said.
Jarvis would not comment (not even tentatively) on its relationship with Network Rail, its share price, or on prospects for a takeover.|
|ny boy: hopefully the resident muppets will disappear now the markets are moving up and JRVS share price is in recovery mode, either that save a few pounds of pocket money and join in!|
|hybrid07: New Kid, not sure if I understand your post.
SP has to increase for options to "vest" (whatever that means):
Exercise price (if fixed at time of grant) or indication that
price is to be fixed at the time of
SUBJECT IN EACH CASE TO ANY NECESSARY ADJUSTMENTS FOR FRACTIONS
OF WHOLE NUMBERS, ONE THIRD OF THE OPTIONS GRANTED TO EACH
PERSON WILL VEST FOLLOWING A SHARE PRICE IMPROVEMENT OF 30%
OVER THE GRANT PRICE OF 13.5 PENCE, A FURTHER ONE THIRD WILL
VEST FOLLOWING A SHARE PRICE IMPROVEMENT OF 60% OVER THE GRANT
PRICE AND THE FINAL ONE THIRD WILL VEST FOLLOWING A SHARE PRICE
IMPROVEMENT OF 90% OVER THE GRANT PRICE. THE 30%, 60% AND 90%
PRICE IMPROVEMENT THRESHOLDS ARE 17.55 PENCE, 21.60 PENCE AND
25.65 PENCE RESPECTIVELY. THE OPTIONS CANNOT NORMALLY BE
EXERCISED UNTIL 3 YEARS AFTER DATE OF GRANT.|
Jarvis share price data is direct from the London Stock Exchange