Jarvis Securities Share Discussion Threads

[shanklin] 20/6/2022 12:20

2012 was when JIM made their best Gross Interest return on Cash under Administration, £2.8m on CuA of 0.8 on the scale they use in their Annual Reports. In percentage terms its been gradually declining ever since, to 2021's £4.5m on CuA of 3.6. In 2012 the base rate was 0.5%, as per https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp, albeit I don't know what the forward curve was doing. I have no reason to believe returns will ever return to the 2012 level but even if CuA was unchanged and proportionately speaking JIM achieved half of that 2012 level... ...Gross Interest would be £6.3m, and at 2012 levels it would be £12.6m. The latter would be very helpful.

[evaluate] 20/6/2022 11:42

Surprised more people haven't used this as an interest rate hedge.

[cfro] 16/6/2022 15:44

Results are due next month. I suspect trading volumes will be down due to newbie traders and chancers getting hit in the US market this year. Many will have limped off with their tails between their legs i guess. We will need to see what the level of cash under administration is but even if it is slightly down, the interest earned should be significantly higher than last year making a big difference to the bottom line. Plus its highly unlikely the BoE have finished raising rates.

[shanklin] 16/6/2022 15:26

Somewhat helpful for JIM but completely useless for getting any sort of handle on inflation.

[cfro] 16/6/2022 12:07

BoE have raised rates by 0.25% to 1.25%.

[tenapen] 14/5/2022 12:40

Hi steelwatch, I may have a red X on my account..... For why I don't know. But when I can't pay for a few shares I happen to have bought at the end of the tax year .... then finding it impossible to pay online for them leading me to sell JIM, rather than picking up a late payment fine. JM guessed they were busy with end of year tax stuff ! I'll send a cheque in future.

[steelwatch] 13/5/2022 19:26

Aye MJ. Maybe check if caps lock on when typing password, or fumble fingers on a smart phone keyboard? Can't remember if it is 2 or three failed attempts requiring a phone call to admin to reset. Maybe frustrating, but the barriers are there for your security.

[melton john] 13/5/2022 18:56

<<tenapen - 17 Dec 2021 - 16:21:52 - 2651 of 2785 Tried to sign in to buy a few JIM ...... GROAN - is it me !>> As no one else is reporting the problem, with respect, it appears you were right. I wouldn't expect a move to a different provider, who will do things very differently, to be a trouble free experience requiring no effort on your part. Your choice mate but I'd rather work around or fix one problem than start looking for a better broker. I hear of other people complaining about their experiences with leading brokers all the time.

[tenapen] 13/5/2022 06:15

Thanks John, Yesterday was the first time i had logged on since i had the problem with a payment. I had tried to fill in my details ..... Ho Hum - time to move me thinks.

[melton john] 12/5/2022 17:42

Hi tenapen, that message is at the bottom of the normal login screen, it doesnt't neccesarily mean there is a problem in my experience. Can you scroll up to the login and try again. I usually use a laptop and often leave a window open on the login page while doing something else. I've found that starting to type user name and password after switching from another window rarely works first time so I've got into the habit of clicking login before I type anything and this clears out anything unseen that might be in the buffer and which might cause some malfunction of the login process.

[shanklin] 11/5/2022 07:40

Interesting to see multiple financial institutions are offering interest rates well above 1%... ...Chase 1.5%, Al Rayan Bank 1.31%, Atom Bank 1.25%. Presumably new deals for JIM will be at attractive levels. https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp In 2013 with base rates at 0.5%, JIM made £3.1m interest income based on cash under administration under 25% of current levels. In 2021, interest income was £4.5m. No doubt one would be a little simplistic in extrapolating these numbers, but it does look good for JIM on the interest income front.

[cfro] 11/5/2022 07:26

Shanklin's right. I suspect trading volumes are up now as the markets are so volatile but not as high as the pandemic. I would guess that a lot of the reddit crowd have long since left the markets as they have been scared off. ..But whats important to the company is the rate of interest it can earn on its increased cash under management.

[tenapen] 10/5/2022 18:57

As a taker of the DRIP a low ! share price gives me more shares .

[shanklin] 10/5/2022 18:57

We now know there was increased trading during the pandemic... ...but the interest rate increases should be kicking in big time going forward. So its very difficult to see the quarterly dividend not increasing from 3p going forward IMHO.

[tenapen] 10/5/2022 18:55

Hi crazycoops, Trade volumes looks good on the FT site* but if you have a better site we can follow, please share with us. Thanks. *Https://markets.ft.com/data/indices/tearsheet/summary?s=FTSE:FSI

[crazycoops] 10/5/2022 17:02

Retail volumes look pretty thin I think but no idea about the custody side of the business

[evaluate] 10/5/2022 16:12

I think you may well be right. What are trading volumes like in the market? Is the market down, or are they losing share?

[nk104] 10/5/2022 16:00

At least Jarvis get on with it. No xd date and then hanging on a couple of months for the cash.

[crazycoops] 10/5/2022 15:58

I suspect interest on cash is rising but trading volumes have been falling. All will be revealed but not until the interims. Still, 12p per annum dividend is over 5% yield at current share price which is not too shabby.

[evaluate] 10/5/2022 15:49

Blimey. That's a bit disappointing. Either it's taking time to benefit from the increase in interest rates or their trading numbers are a bit disappointing,

[crazycoops] 10/5/2022 15:38

3p - I win, unfortunately!

[tatie] 06/5/2022 10:29

Same as last time 3.50p

[flowc] 06/5/2022 09:29

3p max 3.25p