Jarvis Securities Share Discussion Threads

[saucepan] 28/11/2020 12:28

spann_703: Thanks for your thoughts. What you describe does in fact echo my own behaviour. Fwiw: I currently have stockbroking accounts with IG, Hargreaves Lansdown, AJ Bell, Halifax and X-O. Like you, diversification is a major consideration. I have listed the five in order of how I personally am impressed/satisfied with them - though I would also say I find there is very little to choose between AJB, HFX and X-O. I have previously held stock in HL, AJB, and JIM (letting JIM go just recently), but currently only have a position in IGG. Taking a view as an investor, rather than as a client, may be slightly different. I see IGG as the market leader, and of course including its leading position in spreadbetting and other derivatives, and its current global footprint and future global ambitions. My take only of course and enjoying the discussion.

[saucepan] 28/11/2020 12:13

This might help. hTTps://www.ig.com/uk/investments/share-dealing/costs-fees I confirm you can trade shares with IG in a specific share dealing account (which can also be an ISA).

[spann_703] 28/11/2020 12:11

Saucepan, if I may offer a counter view-point. I recently was on the lookout for another broker, to provide diversification and also for the purposes of making shorter-term trades - as opposed to my usual LTH approach. I took a careful look at Freetrade et al as I thought they would be ideal, but in terms of shares available to invest in and on several other points they were not suitable. I was surprised and disappointed. However, while searching for a suitable broker, who kept appearing at or near the top of the Google search results? Why, an outfit called X-O.co.uk. Bright, cheerful [if simplistic] website, low-cost trades, a full gamut of shares in which to invest backed by a respected company. So that's who I went for. I subsequently researched the holding company Jarvis Securities, and ended up purchasing shares in JIM. Although not actually in my X-O account, as it is hopefully a LTH investment ;-).

[luderitz] 28/11/2020 12:09

Thanks Saucepan, I have looked at IG but not sure about costs I think it’s £3 for straight UK shares but assumed not US ones is that right? Also I only trade using actual shares rather than CFDs and Spread Betting.

[saucepan] 28/11/2020 11:47

Luderitz: IG offer share dealing and share dealing ISA accounts in which US stocks can be traded very cheaply. I would recommend them unreservedly in that regard.

[luderitz] 28/11/2020 11:05

Interesting reading chaps, I am now considering joining Stake to trade US shares with no dealing charges but of course I will be watching those spreads like a hawk. Just to say that I have never traded US shares because of the costs i.e. currency and so on, but after seeing how the Dow has fluctuated over the years this has drawn me in.

[saucepan] 28/11/2020 09:17

Thanks for the considered response, cfro; appreciated. I agree with much of what you say, and these current new platforms would certainly not be for me either. There is indeed a strong case to be be made that they are not a credible alternative for serious investors. However, I think a point still stands that they are a sign of tectonic change already now occurring in the industry. Competition will only increase further. Margins are likely to be eroded and the dominance of the current players challenged. Hargreaves Lansdown, for example, has a very slick mobile dealing app. I personally find I use it ever increasingly for trading, rather than through a web browser on my laptop. IG's mobile app is fantastic, too. I am sure that is the way stock market trading is going even if many "oldies" don't adapt that way. Then look at Jarvis, and consider its limited and antiquated online trading platform that has not moved with the times in years. Jarvis is in danger of becoming a dinosaur. It doesn't strike me as an innovator and I wonder how much it has invested and is investing in R&D that will lead to a product attractive to younger generations. After all, oldies die out and need to be replaced. What may also happen at some point, of course, is that Jarvis might get taken over by a predator as the market evolves further. Existing shareholders might do well out of this, but it is arguably not a strong enough reason to invest or stay invested. Last but not least, I was not wishing to argue that the Jarvis share price will not continue to appreciate. I personally took the view that it has had a very good run of late, and may be due a pause for breath. Additionally, however, and taking into account the concerns raised I also feel there are better market and sector opportunities to grow my portfolio with more constructive chart setups and a more favourable wind to propel them. I continue to watch here with interest. If I see share price action to convince me differently, I won't hesitate to reinvest.

[tenapen] 25/11/2020 07:27

Stonking results from BRW this morning. Sector rocking :-)

[luderitz] 23/11/2020 21:27

Talking of Stake Saucepan https://uk.advfn.com/cmn/fbb/thread.php3?id=47363560 If anyone is trading through Stake or knows someone who is can they direct them to the link above please.

[tenapen] 23/11/2020 20:57

But if you take the time to read back a few RNS. All of the above companies you highlighted reported strong growth in new accounts, since march lockdown. Unlike all of the above, robbinhood was hacked and c 2% of its private accounts were compromised. Better safe than contrarian !.

[saucepan] 23/11/2020 19:54

Just to be a bit contrarian,there was an interesting cover article in last week's Investors Chronicle "The Trading Game: the dangerous thrill of app base investing". It covered the likes of Robinhood, Trading212, eToro, Freetrade, Stake and Revolut. One snippet read thus: Freetrade which was set up in 2018, saw its user numbers boom from roughly 50,000 at the start of the year to over 250,000 today. That's more new customers this year than Hargreaves Lansdown . . . It hit home to me the extent of the competition the likes of traditional brokers such as AJ Bell and Jarvis must now be facing (or soon be facing in future) and the likely pressure on margins. Jarvis may not have it quite so easy in future in the wake of such growing ferocious, cut throat, competition.

[trident5] 23/11/2020 19:10

Share split narrow the spread? Or did the MMs not got the message?

[flowc] 23/11/2020 18:46

Never mind Luderitz, the actual spread between the last of the days buy and sell was 14 points. Buy 2.07 sell 1.93 Its the market makers that dictates the spread. 7.25%

[luderitz] 23/11/2020 15:45

Spread down to only 10% from 15% .. how very reasonable of them 😀

[luderitz] 22/11/2020 15:24

Wide spread not helpful but they have been going up so not to bad in that case.

[cfro] 22/11/2020 14:10

Thanks for the video interview, steelwatch. I see Andrew Grant is saying they saw double normal volumes on Vaccine day.

[shanklin] 22/11/2020 09:18

Shame the spread here is so much wider than it was pre-split and the shares less liquid.

[tenapen] 21/11/2020 07:05

Thank you steelwatch, I thought I had missed it, glad I hadn't. Thanks also to Directors talk for the interview. Thanks

[steelwatch] 20/11/2020 22:24

There you go ten ;-) https://bit.ly/3pPbozJ

[tenapen] 20/11/2020 20:39

Advfn have deleted the post 2213 - the interview with Jarvis - nothing more valuable than free speech. :-/

[topvest] 20/11/2020 12:49

Some extra revenue: https://www.investegate.co.uk/mailbox-reit-plc/rns/appointment-of-intermediary-for-ipo/202011201159440449G/

[maddox] 19/11/2020 11:34

Thanks for highlighting your interview astonedt. A short interview that effectively gives us a very clear view of JIM's strategy. No acquisitions, no major investments in view - organic growth generating cash - 100% of which will be paid out over time if you include special dividends. Future returns will be governed by market volumes and an expanding pipeline of new corporate clients. Simples!

[cwa1] 19/11/2020 08:14

XD today, paid 10/12

[shanklin] 18/11/2020 07:27

https://www.londonstockexchange.com/news-article/FCAP/interim-results-and-interim-dividend/14759720 Sold 70% of PrimaryBid for £700k.