Jarvis Securities Share Discussion Threads

[thrugelmir] 26/7/2024 22:27

Six month results will be along soon enough. In the absence of any RNS's. Trading cannot be materially worse than forecasts. Companies are duty bound to notify the market of any significant events.

[boystown] 26/7/2024 18:49

Thanks MJ. Morningstar has it at 8.66% on the 'home' page, but over 15% when you click through to ratios.

The historic yield is variable, but over 14% for the year just gone based on 61pps.

I know how much to rely on broker forecasts, but still, it looks like a good risk-reward for income seekers like me.

[steelwatch] 26/7/2024 18:30

Hi MJ, the link you just mentioned has just been updated to the Zeus Research Portal. Enter "Jarvis Securities" in the search box to get the old WHI archive + any future relevant Zeus notes, but, unfortunately, full access is behind a modest paywall.

[melton john] 26/7/2024 18:16

If you follow the link above the big graph that says Broker Views you might still get to see WH Ireland (house broker) forecasts of 8.4 pence for the year. You need to be in desktop view, via your browser not the app on your phone. WHI are now Zeus so I dont know whether it still works the same. Bear in mind forecasts are like election promises and not guaranteed.

[boystown] 26/7/2024 17:21

What do those of you who know the company pretty well think is the likely yield going forward?

[thrugelmir] 21/7/2024 20:32

Having bought share at a sub 60p price. I'll happily take the dividends for a while longer yet.

[tenapen] 21/7/2024 11:10

No message

[tenapen] 21/7/2024 10:13

...... but a perfect dirt cheap way into the market. No complications also, just make sure the offer is enough to satisfy the Grant family!.

It won't happen ! but it is my hope.

[thrugelmir] 21/7/2024 00:54

JIM won't even register. Too small and illiquid to be of interest to most investors.

[tenapen] 20/7/2024 08:27

Proof that professional investors are shifting cash to UK shares
Global fund managers have more money invested in UK stocks than at any time in the past two years. City writer Grame Evans has the details and reveals where experts are most bullish.

18th July 2024 13:30

Graeme Evans from interactive investor

Cont...

---------

I'm still hoping once this FCA investigation is completed, the Grant family sells to the American's with thier 'better' customer service. Maybe then the shares can make some kind of a recovery.

[thrugelmir] 19/7/2024 23:32

If there's more sellers than buyers and/or market makers are sitting on lines of stock. Then the price will drift downwards. That's the function of a market. Up to individual investors to decide for themselves what the fair value of the stock is. Whether to sell or buy.

[melton john] 19/7/2024 19:07

Someone said that before a stock can rise in price, it has to stop falling. It seems to have stopped.

[thrugelmir] 19/7/2024 16:23

Excess liquidity finally seem to have been absorbed. Steady buying of stock.

[cwa1] 19/7/2024 14:05

Is that the tiniest sign of life I see before me?

[justiceforthemany] 15/7/2024 10:36

Ex dividend dates are showing on their website.

[tenapen] 14/7/2024 19:17

The outcome will be an expensive clean bill of health.

There are not many RNS's released by Jarvis giving limited details of the investigation. So as always it's better to read through the pasts reports and make up your own mind.

Regards

[researchcentre123] 14/7/2024 17:22

Just came across this share which on the face of it is cheap - can anyone explain what trouble they got into a couple of years ago and what the likely outcome is? Thank you!

[thrugelmir] 09/7/2024 14:23

Continuing high interest rates will have been beneficial.

[nigelmoat] 09/7/2024 08:05

Should be due a Half Year Report here any time soon.

[tenapen] 28/6/2024 05:24

Q4 - over two years to investigate a two bit broker like Jarvis.

Yesterday's RNS gives us information and a time frame, both welcome.

It will be frightening to do the final sums on how much this has cost us as shareholders.

[thrugelmir] 27/6/2024 12:54

The exacting and demanding standards placed on providing Model "B" client services. Will place JIML in an extremely strong position in the future. Certainly no damage done reputationally so the City is taking this process in it's stride.

The Grant family and close associates control the share register. If they were to sell out. Then us small retail shareholders ar unikely to be disappointed. If buying at current share price levels. The cash generative nature of the business underpins the current buy rating in my view. Since the beginning of June I've bought around 50,000 shares at an average price below 60p. Even if the dividend was slashed to 1p a quarter. That's still a 6.5% yield. With interest rates seemingly destined to move downwards in the future. Locking in now appears highly attractive.

[thowed] 27/6/2024 12:19

I think the fact they've made progress is good news.

Shares remain very cheap. It feels like upside more likely than downside.

Dividend still going, if reduced, & impressive yield is good news.

Waiting until Q4 not ideal.

But as above, if you take a 5-year view (which we all should), then I hope this will have all been forgotten & share price will be significantly higher.

Finally, while not saying Jarvis will be taken over, I think the multiple bids for HL are a good sign for the industry & show that they have been overall undervalued.

[nigelmoat] 27/6/2024 12:13

More waiting.......... until Q4 or beyond!This will come good at some point imo and meanwhile confident we will continue to collect the quarterly dividends. A long term hold and forget about it share for me.

[evaluate] 27/6/2024 10:00

Anybody got any thoughts on whether this is good or bad news?

[cwa1] 27/6/2024 07:45

Jarvis Securities plc



("Jarvis" or "the Company"

And with its subsidiaries the "Group")



Update

The Board of Jarvis provides a further update on the ongoing review of the skilled person, appointed to review the systems and controls of the Company's subsidiary, Jarvis Investment Management Limited ("JIML") pursuant to s166 of the Financial Services and Market Act 2000 (the Skilled Person).

As set out in the Company's annual results announcement of 26th March 2024, the Skilled Person was preparing the Phase 1c report which covered JIML's approach to uninvested client cash, interest retention and term deposits. The finalisation of this report had been delayed from the original expected completion date of 28th February 2024.

The Directors of Jarvis can advise that the final report, including its recommendations, has now been submitted to JIML and to the Financial Conduct Authority. As a result JIML is currently working through the recommendations and is creating an additional remediation plan to address the points arising from the report. This is the third report prepared by a Skilled Person for the FCA and JIML.

Phase 2, which requires the Skilled Person to review the remediation work undertaken by JIML on the matters raised in any of the three s.166 reports, has now commenced and is expected to be completed by Q4 2024. As part of this work the Skilled Person will also be required to provide a Reasonable Assurance Opinion to the FCA (confirming the Skilled Person is confident as to the completeness of the remediation) along with any final recommendations.



The voluntary agreed restrictions on JIML, as announced on 16th September 2022, remain in place. JIML will continue to work with the Skilled Person and the FCA with the aim of having these restrictions lifted on its impacted Model B clients as soon as possible.