Jarvis Securities Share Discussion Threads

[trewsa] 20/2/2014 15:54

Thank heavens,just did.

[trewsa] 20/2/2014 15:34

So does he recommend buying?

[dashton42] 20/2/2014 15:22

Simon Thompson (Investors Chronicle) has updated on JIM (access required):



"...An impressive 100 per cent conversation rate of operating cashflow to operating profits, combined with tight working capital management, resulted in a near trebling of the cash pile from £3.6m to £10.3m. Jarvis has a debt free balance sheet, so net funds now equate to almost 100p a share."

[steelwatch] 20/2/2014 14:30

Thanks NickK1. I've changed the "Broker Views" link in the header to a quicker updating one.

[nickk1] 20/2/2014 13:07

W.H. Ireland have this morning raised their target price to £5.35 following these excellent results.

[bozzy_s] 20/2/2014 12:14

Isn't it £10m cash and £10m current liabilities? Net cash is more like £1m?

Edit:

Group Net Asset Value £3.6m = 33p per share.

Net Tangible Asset Value = £3m = 27p per share.

Current assets (inc £10m cash) minus current liabilities = £2.4m = 22p per share.

[dashton42] 20/2/2014 10:05

£10m of cash sloshing around on their balance sheet - wonder if they have anything in mind for this...?

[nickk1] 20/2/2014 07:14

Very good results. We'll done JIM. What a well run company this is. Great forecast for 2014 too. Worth at least 500p imho

[steelwatch] 20/2/2014 07:02

HIGHLIGHTS



· 30% increase in profit before tax

· 12% increase in year on year interest income

· 29% growth in dividend per share

· 32% increase in EPS

[dual313] 19/2/2014 10:16

Thanks mate

[steelwatch] 19/2/2014 08:22

dual - Yes:



(Actual Date)

[dual313] 19/2/2014 08:06

So results release confirmed for tomorrow?

[nickk1] 13/2/2014 07:25

25% increase dividend over this time last year. Very nice

[tenapen] 12/2/2014 17:47

tenapen
31 Jan'14 - 16:05 - 1004 of 1012 0 0 edit

I missed all of the trouble today. I have just pushed the boat out and bought a 100 JIM shares with no problems.


---------------

Looks like the boat as sprung a leak !.

See what tomorrow brings and then its a wait until the finals on the 20th Feb

[steelwatch] 11/2/2014 13:17

Thursday?

Latest Announcement Date: 13 February 2014
Ex Date: 19 February 2014
Record Date: 21 February 2014
Last Date for DRIP Elections: 27 February 2014, 3:00pm
Payment Date: 13 March 2014

[tenapen] 06/2/2014 17:44

j1mst3r, Thanks for your feedback and taking the time to question
.

[j1mst3r] 05/2/2014 19:56

I just get the impression that I'm kind of wasting his time.

Perhaps I'm just being sensitive; If anyone is interested, I can send a copy of the full texts.

[j1mst3r] 05/2/2014 19:42

(Continued)

His response to (1) and (2):

(1) Unfortunately system outages can happen for a variety of reasons ranging from hardware failure through to road repairers digging through power cables. Whilst there are robust controls and business continuity contingency procedures in place, and such instances are extremely rare, it would be naive of me to guarantee you 100% access to our trading platform as you demand. As I stated in my previous response, a non premium rate number is available to you as an alternative.

(2)Your statement regarding prices is also, I'm afraid, untrue. We are obliged to offer the touch prices or better, unless of course you are dealing outside of the 'market size.' Unless the dealers have to contact the market makers directly (should there be a 'fast market' and the market makers suspend their online price feeds etc), the prices they will execute orders at will be identical to those being quoted via the online platform as it is essentially the same system using the same price feeds – it is only the delivery channel that differs.


He then offered to move me to an alternative broker if I thought other brokers were more reliable.

[j1mst3r] 05/2/2014 19:35

Right, long story short:

I sent an e-mail addressing how their alternative phone dealing is not sufficient due to:

1. Reliability.
The fact that website is down, means everyone who deals online would need to call in to make a trade. As a result, the wait on the telephone can be very lengthy. This is provided my call is not automatically dropped after a few minutes, in which case I need to call again and re-join the queue. The only other option is to call your premium number for dealing.

2. Cost-effectiveness.
The bid/ask given by your telephone dealers have at times been very unattractive compared to using the online platform. I can think of at least one incidence where this has happened.

Then I basically asked for assurance in terms of how they will putting measures in to prevent further outages.

(TBC)

[tenapen] 05/2/2014 17:20

Thats a lot of sells so close to the results.

[tenapen] 01/2/2014 11:31

Many thanks for posting J1m. I would like to know who / if the 'third party provider' leases their software to anyone else and if so did they have issues with 'outages' !. The results are soon so i hope the company gives further information about the supplier and the reasons behind the problems.

[j1mst3r] 01/2/2014 09:21

Received a reply:

Thank you for your email and I'm sorry you have had cause to complain.
Unfortunately the third party who provides the dealing platform on our behalf have experienced two separate and unrelated 'outages' over the last 48 hours - I can confirm that both issues have now been resolved.

I appreciate that such instances can be frustrating and thank you for your patience. If the website is ever unavailable, please call our dealing desk on 01892 510515 who will be happy to execute any orders or quote prices.

Once again, please accept my apologies for any inconvenience caused and be assured that we do take such incidents of outage extremely seriously.

Yours sincerely
Nick Crabb


While it is good to hear the issues have been resolved, I am more concerned about what steps have taken to prevent such incidences in future. It is necessary for such organisations to secure fair outcomes for the customer.

Suddenly not being able to login to their account and not putting measures in place to prevent that from happening in future, is not a fair outcome. The fact that disruptions even happen intermittently without warning is not a fair outcome either.

They are bound by FCA rules and guidance.

Read: hxxp://www.fca.org.uk/firms/being-regulated/meeting-your-obligations/fair-treatment-of-customers

In particular, read Outcome 5.

I will be responding to Nick Crabb highlighting the expectations the FCA and customers have of them and politely request what measures have/will be put in place in the near future in order to prevent such incidences happening again.

The fact is, it is in all parties' favour to prevent these things. I am sure they do not want the incidences happening either, but at present they offer no reassurance that sufficient measures are being taken.

[tenapen] 31/1/2014 16:05

I missed all of the trouble today. I have just pushed the boat out and bought a 100 JIM shares with no problems. It must be my computer as i never seem to have any problems.

J1m, Anyone, have you had any reply from Jarvis explaining what the problems have been ?. With the results coming soon I expect an up-date to what system they are using and why the failures and why they take so long to fix. This drop-out started yesterday, Not acceptable.