We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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% | 62.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.00 | 62.00 | 62.00 | 62.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/02/2024 | Interim | GBP | 0.0175 | 22/02/2024 | 23/02/2024 | 19/03/2024 |
| 14/11/2022 | Interim | GBP | 0.0225 | 17/08/2023 | 18/08/2023 | 12/09/2023 |
| 14/11/2022 | Interim | GBP | 0.035 | 18/05/2023 | 19/05/2023 | 13/06/2023 |
| 14/11/2022 | Interim | GBP | 0.03 | 23/02/2023 | 24/02/2023 | 21/03/2023 |
| Interim | GBP | 0.025 | 17/11/2022 | 18/11/2022 | 08/12/2022 | |
| Interim | GBP | 0.03 | 18/08/2022 | 19/08/2022 | 08/09/2022 | |
| 10/05/2022 | Interim | GBP | 0.03 | 19/05/2022 | 20/05/2022 | 09/06/2022 |
| 15/02/2022 | Interim | GBP | 0.03 | 24/02/2022 | 25/02/2022 | 17/03/2022 |
| Interim | GBP | 0.035 | 18/11/2021 | 19/11/2021 | 09/12/2021 | |
| Interim | GBP | 0.035 | 19/08/2021 | 20/08/2021 | 09/09/2021 | |
| 16/07/2021 | Special | GBP | 0.085 | 29/07/2021 | 30/07/2021 | 05/08/2021 |
| Interim | GBP | 0.035 | 20/05/2021 | 21/05/2021 | 10/06/2021 | |
| Interim | GBP | 0.03 | 25/02/2021 | 26/02/2021 | 18/03/2021 | |
| Interim | GBP | 0.03125 | 19/11/2020 | 20/11/2020 | 10/12/2020 | |
| Interim | GBP | 0.14 | 20/08/2020 | 21/08/2020 | 10/09/2020 | |
| 14/04/2020 | Interim | GBP | 0.11 | 21/05/2020 | 22/05/2020 | 11/06/2020 |
| 11/02/2020 | Interim | GBP | 0.0675 | 20/02/2020 | 21/02/2020 | 12/03/2020 |
| 13/03/2019 | Interim | GBP | 0.0725 | 14/11/2019 | 15/11/2019 | 05/12/2019 |
| 17/09/2019 | Special | GBP | 0.15 | 26/09/2019 | 27/09/2019 | 22/10/2019 |
| 13/03/2019 | Interim | GBP | 0.065 | 15/08/2019 | 16/08/2019 | 05/09/2019 |
| Top Posts |
|---|
Posted at 13/5/2024 14:36 by qg holdings I am quite pleased the transition will be held in an orderly manner, it is an important decision and the next person to take over will have to be the right person for the job, it really should not be a decision made in haste.I have sold out of most of my other positions now, just keeping profit stock or a very small number as a marker for future reference. I am maintaining my position in JIM as I don't see the current share price as even close to fair value. Even with a slightly smaller dividend of 1.5p a quarter I am happy to hold and possibly accumulate a few more depending on the price movements. I realised I have been about three and a half years with no significant holiday so will be having a long summer holiday now to avoid burnout, 60 hours a week is too much to maintain without taking a break every three years or so. Most people get about four to five weeks annual leave a year so I have decided to give myself to the end of September off work. I might miss out on some action in the mean time but I will not miss out on the cricket season and summer. Up 35% in 2024, I am already well ahead of the run rate. Circa 12.5% (overweight) of portfolio in JIM and I can afford to let this one run and see where it goes. Seems the market was a little underwhelmed with the dividend announcement, but it was good enough for me to decide not to sell any. I'm still bullish here, but feel the main market is technically overstretched. Will wait for a crash/correction before re-entry and get some well needed R and R in the mean time. Hoping everyone has an enjoyable summer. Sell in May, go away, come back shortly after my Birthday. |
Posted at 09/5/2024 07:11 by cwa1 09 May 2024Jarvis Securities plc ("Jarvis" or "the Company" and with its subsidiaries the "Group") DIVIDEND DECLARATION The Board of Jarvis announces that it is declaring a second quarterly interim dividend of 1.5 pence per share, to be paid on 11 June 2024 to shareholders on the register on 17 May 2024 and the shares will become ex-dividend on 16 May 2024. |
Posted at 08/5/2024 13:30 by qg holdings I've been thinking about this, it does seem likely that another dividend of similar size would create a similar rise in the price. Should be starting from nearer 60p than 50p this time though. May find the percentage increase isn't as large, perhaps 30-40%. However something else that needs to be factored in will be the realisation that the dividend skip was probably just a one off to offset the cost of the skilled person. Probably won't do it all in one day but by the end of next week JIM could easily be back over 100p.Anyway we will find out tomorrow if our patience is to be rewarded. Not much time for those wishing to top up or enter to do so. 3 hours till cash markets close, tik tok tik tok... |
Posted at 06/5/2024 13:53 by melton john PVB, sorry I can't help much other than to say JIM used TDW for the back office stuff years ago before they changed to I'm fairly sure their own IT set-up. I suppose when JIM left TDW because of poor service, they found others wanted to leave too and JIM increased their Model B customers. I remember a spate of white label deals being announced at some time. |
Posted at 29/4/2024 17:39 by justiceforthemany 11% dividend yield if maintained. |
Posted at 26/4/2024 12:27 by qg holdings Yes it is nice to see JIM finally getting some attention from the Bulls Tenapen. Slightly annoying for me as I have some chunky dividends coming in from ABDN,SDR and IPF over the next two weeks. I have these earmarked to add to my position here, now i will get less shares for my money, but that's just the way the cookie crumbles.One thing I forgot to mention about the AGM, another shareholder suggested the company attends more investor events, the directors thought this was a good idea as it helps raise the profile of the company for investors and is a good way of networking for more new customers. Anyway I must dash as I have a late lunch with a friend from school who now works for Barclays. I sold out on BARC far too early having got in just over 130p. Now he keeps laughing at me. Always interesting to hear his perspective on markets. I keep trying to get company specific information from him, but he is far too clever and professional to fall for that. I hope you are all enjoying the new highs on the FTSE 100. I noticed a while ago that the 50 month moving averages for the indices will start to move upward significantly for the next 8 or 9 months as the COVID/lockdown trough will start to be more than 50 months ago. I suspect this will be very bullish for stocks generally. Good news for JIM and good news for anyone with a diversified portfolio. I'm not ruling out 9000 on the FTSE 100 by the end of 2024, the UK market has some catching up to do with its Japanese, US, French and German peers. It's a bold call but stranger things have happened. Have a nice weekend everyone. |
Posted at 24/4/2024 12:47 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 23/4/2024 08:35 by qg holdings Good morning steelwatch, sorry for the delayed response. I wanted to add to my position before letting people know how the AGM went, and had a few trading partners to inform first. The curious movement down in the share price the last few days allowed me to add to my position.The mood of the room was relaxed and reasonably positive considering the general sentiments surrounding JIM this past year. It sounds like we are through the worst of the current FCA situation. Luckily not many members were in attendance so we were able to ask quite a few questions each and gained some interesting information. I will keep it brief as I have a tendencies to digress. Trade volumes are materially up on last year (circa +20%). The FCA investigation is going well and should draw to a conclusion before the second half of this year, JIM has not been specifically picked out for investigation, the FCA have been reviewing the sector as a whole. We discussed perhaps using some of future dividend hikes to repurchase shares while the MCAP is disconnected from the true value of the business. We discussed the future cost savings from streamlining the business. We discussed potential ways to increase clients and market share. All resolutions were passed easily. Mr Grant seemed calm and philosophical, he answered all questions comfortably and seemed upbeat regarding the future of the company. There are potential new model B clients and private investor balances and numbers are slightly up on last year, there has been no flight by the client base. Model B clients have remained stable since the clear out. In summary there has been a lot of unfounded scare mongering on this company, while it has benefitted me allowing me to massively reduce my average price paid and increase the percentage of the company I own, I feel those wishing to enter at a lower price/close short positions only have a couple of weeks timeframe before the stock price goes significantly higher when the next dividend is announced on the 9th May. I am bullish, I see an excellent dividend, significant upside, a potential takeover by a larger rival (Mr Grant says he is openminded on this matter), and earnings growth as 1)the sunk cost of the skilled person review will no longer hamper the bottom line, 2)trade volumes are up 3) the interest rate is still favourable to the business model and will remain so for longer than most anticipated. I hope this information is useful to you. |
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 13/11/2023 13:02 by maddox DIVIDEND UPDATE COMPANY UPDATE released 12:52 13NovDividend 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
