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JIM Jarvis Securities Plc

60.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jarvis Securities Plc JIM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 60.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
60.50 60.50 60.50 60.50 60.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Jarvis Securities JIM Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
15/02/2024InterimGBP0.017522/02/202423/02/202419/03/2024
14/11/2022InterimGBP0.022517/08/202318/08/202312/09/2023
14/11/2022InterimGBP0.03518/05/202319/05/202313/06/2023
14/11/2022InterimGBP0.0323/02/202324/02/202321/03/2023
InterimGBP0.02517/11/202218/11/202208/12/2022
InterimGBP0.0318/08/202219/08/202208/09/2022
10/05/2022InterimGBP0.0319/05/202220/05/202209/06/2022
15/02/2022InterimGBP0.0324/02/202225/02/202217/03/2022
InterimGBP0.03518/11/202119/11/202109/12/2021
InterimGBP0.03519/08/202120/08/202109/09/2021
16/07/2021SpecialGBP0.08529/07/202130/07/202105/08/2021
InterimGBP0.03520/05/202121/05/202110/06/2021
InterimGBP0.0325/02/202126/02/202118/03/2021
InterimGBP0.0312519/11/202020/11/202010/12/2020
InterimGBP0.1420/08/202021/08/202010/09/2020
14/04/2020InterimGBP0.1121/05/202022/05/202011/06/2020
11/02/2020InterimGBP0.067520/02/202021/02/202012/03/2020
13/03/2019InterimGBP0.072514/11/201915/11/201905/12/2019
17/09/2019SpecialGBP0.1526/09/201927/09/201922/10/2019
13/03/2019InterimGBP0.06515/08/201916/08/201905/09/2019
13/03/2019InterimGBP0.06516/05/201917/05/201906/06/2019

Top Dividend Posts

Top Posts
Posted at 26/3/2024 14:43 by graham10k
Thrugelmir. Thanks for your interest. My concern is,"what happens if JIM should go out of business" and therefore the impact to clients accounts.
I hold a stocks & Shares ISA with JIM value >£250k and therefore if JIM were to fail what protection is there? £80k?
I have found the below communication with Martin Lewis that answers my questions and therefore it seems a good move to exit JIM!
Posted at 26/3/2024 08:46 by graham10k
As a client of JIM with a large value S&S ISA I'm concerned how safe my holding is.
Should I be worried?
Posted at 26/3/2024 08:22 by eezymunny
Yes "Gross interest earned from treasury deposits, cash at bank and overdrawn client accounts 7,614,815"

Very much rests on how much of that they´ll be allowed to keep in future. Creaming of interest on client funds is very much under review.

For me, impossible to make much of a call re JIM at the moment...
Posted at 26/3/2024 07:55 by saucepan
JIM is clearly not going to get away with creaming off interest on client funds in the future. It is abandoning its (presumably, once lucrative) SIPP businesss - something of a left-field surprise. It is surely going to continue losing market share to its competitors (its user interface and resources available are woeful compared to competitors such as Interactive Investor). The whole sector faces major disruption from the likes of Robinhood.
Posted at 25/3/2024 08:27 by cwa1
I don't know myself...but I can't see the relevance to JIM even if there is?
Posted at 23/3/2024 09:51 by melton john
Tenapen, do I take it that you are still a buyer of JIM via drip in spite of your negativity?
My take on the sudden fall is that a few holders, who perhaps bought at recent lows, decided there were better opportunities elsewhere and sold into the strength of buying for drip shares etc and this caused the price to drift down until someones stop loss was triggered. At 10:06:55 a large sale of 59,200 took place but wasn't printed until about 2 hours later. This caused further lowering of prices triggering further stop losses.
I see a late buy uesterday of 20000 cost the buyer 82p as the market size is only 1500 shares. For anyone not aware the normal Bid-Offer spread only holds for advertised market size. Although sometimes you can deal larger, this would be at the discretion of market makers as JIM isn't traded on SETS.
Posted at 20/3/2024 11:57 by melton john
I spent my divi on more JIM shares yesterday. I've no more certainty that it was a good idea than anyone on here but I noticed a couple of chunky buys alongside mine. One for 20000 and one for a more random number of 37448. I suspect the latter is Jarvis drip shares bought in the market at 84 which must approximate to getting on for 1.5-2.0M (84p/1.75pX37448) shares held by JIM customers registered for drip. So if I'm a mug I'm in not alone.
Posted at 06/1/2024 13:43 by bmcollins
Encouraging as it is, (& a good spot today tenapen) it might just be something done automatically each year as a dividend of zero or the passing of a divi is usually declared.
My guess is when the FCA are satisfied JIM will start paying divis as wearing the hairshirt of a zero divi last quarter is good asthetics to FCA when/if they decide what fine JIM must pay.
Always best to look poor when bills are about after all...
Posted at 14/12/2023 23:07 by melton john
I have become aware that "Model B" business is a term common to a lot of outsourcing financial companies whereas I thought it was just a term used by Jarvis. Searching around I found a very large company having 200 clients world wide transacting $5Bn daily. That company is Global Prime Partners and what's interesting is their entry on the FCA website which shows the following restriction.
VREQ 30 Nov 2023

Restriction on regulated activities

1. The Firm must not, without prior written consent of the Authority, onboard or carry-on regulated activities in respect of any New Model B Corporate Clients or any New Retail Clients of the Firm (including Retail Clients of the Firm onboarded in relation to an acquisition). For the avoidance of doubt, this Requirement does not prevent the Firm from servicing new clients of the Firm's existing Model B Corporate Clients.

2. The Firm shall not acquire any legal entities or new portfolios of Model B Corporate Clients

Sounds familiar. I was interested in the range of the FCA activities so I'm relieved to see that even the biggest companies can arouse the interest of the FCA.

Another company I have been recently invested in is SUS, a finance company which has the attention of a Skilled Person Review.
So I'm pleased to see that today JIM has led the beginning of a revival of my portfolio and that nervousness lately towards JIM is after all mainly market driven and not solely a JIM issue.
Posted at 13/11/2023 13:02 by maddox
DIVIDEND UPDATE COMPANY UPDATE released 12:52 13Nov

Dividend Update

In line with current market expectations, the Company confirms that it is not declaring a fourth quarter dividend (total interim dividend for the twelve months ended 31 December 2023: 8.75p).

Company Update

The Company also provides a further update on the skilled person review announced on 16 September 2022 (the "Announcement"). The Company advises that pursuant to section 166 of the Financial Services and Markets Act 2000 ("s.166") ("FSMA"), an additional review (known as phase 1c) ("Phase 1c") is required by the FCA to be undertaken in respect of its subsidiary, Jarvis Investment Management Ltd ("JIML") . Phase 1c will review JIML's approach to uninvested client cash, interest retention and term deposits. The voluntarily agreed restrictions on new Model B business and assets, as detailed in the Announcement, remain in place.

The Phase 1C report is due to be delivered to the FCA, by no later than 28 February 2024. Further updates will be provided as appropriate.

The FCA have also provided additional direction for the pre-existing Phase 2, if required. This phase would include a review and assurance report on the remediation work undertaken by JIML on the matters raised in any of the s.166 reports. This review may be required before the voluntary restrictions on JIML's new business and assets can be lifted. As previously announced, whilst these restrictions remain in place dividends payable by JIML to the Company, and therefore dividends payable by the Company, may be reduced and or delayed.

Finally, the Directors confirm that the costs associated with the s.166 process, including reports and remediation work, are expected to exceed £1.3m in the current financial year (for the twelve months ended 30 December 2023) (unaudited). Further updates will be provided, as appropriate.

Despite these challenges, Jarvis continues to trade in line with current market expectation.

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