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JIM Jarvis Securities Plc

45.50
-1.00 (-2.15%)
27 Jan 2025 - 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
-1.00 -2.15% 45.50 10:15:17
Open Price Low Price High Price Close Price Previous Close
46.50 45.50 46.50 46.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Jarvis Securities JIM Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
InterimGBP0.0121/11/202422/11/202417/12/2024
InterimGBP0.0115/08/202416/08/202410/09/2024
InterimGBP0.01516/05/202417/05/202411/06/2024
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

Top Dividend Posts

Top Posts
Posted at 27/1/2025 09:01 by melton john
What's this PVB "I know JIM were sometimes a bit lax over security but, AFAIK, that was in the past and may be nothing to do with this." I've been in Jarvis for many years and heard nothing of this. Do you actually "know" something or this just innuendo picked up from gossip.
Posted at 26/1/2025 09:21 by pvb
...Thanks, tenapen.

I know JIM were sometimes a bit lax over security but, AFAIK, that was in the past and may be nothing to do with this.

I wonder if the FCA is similarly looking at other brokers, etc?
Posted at 26/1/2025 06:43 by tenapen
Morning pvb
If you had been following this board for the last 29 months you would have read we don't have a xxxx what is happening at Jarvis.
If you contact Jarvis, you may get a reply but no answers - bmcollins posted the link earlier.
Or you could question the FCA like I did. Same again I got a reply but no answer.
So the moral of this post is ... If you don't hold Jim, stay well away. If you do hold ... tough luck.
Posted at 18/1/2025 16:30 by bmcollins
@tenapen
I agree with you, Grant clearly has much to answer to shareholders for & I doubt if an audience with my MP would do much good either !
Have a good weekend yourself & if you have any of the December dividend left don't spend it all as we might see a zero divi announcement next montn, oh gone are the days of chunky divis on this stock, the Grant family might be at the Tunbridge Wells foodbank soon...
Posted at 16/1/2025 16:42 by justiceforthemany
Well done for being proactive. The share price action would suggest bad news is coming, question is how bad? The last update did warn of a negative outlook. Despite this they have continued to pay out a quarterly dividend.
Posted at 17/12/2024 14:50 by cwa1
Anyone elese not had their dividend in at Youinvest yet?
Posted at 09/11/2024 12:12 by tenapen
Dividend news due this coming week. There was no q;4 dividend in 2023 so it will be even more interesting to see if Grant offers one this year.

2023 - Nil
2022 - 2.5p
2021 - 3.5p

Mmmmmm !

We may even get a board update along with the dividend RNS - the classic good news bad news RNS

We will see !
Posted at 11/10/2024 15:18 by qg holdings
Worm seems to be turning on JIM, now bullish on the technical analysis. Looks very oversold on the long term chart. 2025 should be a busy trading year for JIM. I am very bullish on this stock and have a decent sized position that I will not be selling. Future yield projection at this price is compelling. Have a nice weekend everyone.
Posted at 24/4/2024 11:47 by qg holdings
Thanks for that info MJ.

In response to how will JIM make money from interest, the model is simple. Basically a certain percentage of cash is kept in an account for settling trades (think of this as a current account that doesn't pay interest), the remaining cash is kept in a different account(think of this as a savings account that does pay interest). Therefore with rates staying higher for longer returns on interest will stay higher for longer.

The FCA have been primarily concerned with looking for companies that are "double dipping", this happens when a brokerage collects income from interest AND either charges clients to have an account or charges interest on cash balances. JIM do not charge for cash balances or a monthly fee, therefore they are not "double dipping". Also it's hard to suggest they don't offer value to their customers when the price per trade is a little under half the charge from Hargreaves Lansdowne.

I have noticed various commentators/traders on Bloomberg and CNBC have recently been talking about the UK markets being good value and an opportunity for investment. This is in contrast to last year when very few expressed this opinion. The FTSE 100 breaking new highs suggests new money is entering the UK markets and animal spirits are returning. This can only be good for JIM as it will help increase trading activity by market participants.

We have seen a high ratio of buys to sells in the last few days which also suggests the market I waking up to both the dividend and value proposition JIM offers at these prices, which I believe to be materially too low. Hence the investment.

With regard to the share price coming down from it's all time high, I don't think it is fair to blame the UK coming out of lockdown and a subsequent drop off in trading activity across private investors on the Jarvis management. It is merely a consequence of people being allowed to go about their normal day to day business, and not being effectively under house arrest. I'm not suggesting this will rerate back to 350p,we are unlikely to see another COVID event in our lifetime. I do however see fair value at 150p-200p depending on how well the management navigate the next 2-3 years. I can collect and compound a very healthy dividend while I wait.

I understand some people will be upset at having bought in at a higher price. Trading can be tough, however it is always best to stay as emotion free as possible and to think logically about the current and future situation. None of us can change the past, by definition it has already happened. The future earnings and dividends suggest this stock is too cheap by most metrics and is therefore worth an investment.

I understand why some of you may want a lower price, I have been doing this for decades. The trouble is now the dividend has been reinstated sub 50p is an absurd target. For what it's worth I suspect there is a chance the dividend for this quarter may go up above the 1.75p, which I maintain as my base case scenario, I put the probability of another dividend skip at below 5%. The trading volumes and cash balance easily supports another quarterly dividend. Also worth bearing in mind JIM has a very good track record on paying regular quarterly dividends. One swallow doth not make a Spring...

I hope you all have a profitable day and may the FTSE 100 march higher still.
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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