Jarvis Securities Share Discussion Threads

[rik shaw] 11/5/2020 07:36

Dividend declaration:

[cwa1] 11/5/2020 07:36

Luvverly :-)

11 May 2020

Jarvis Securities plc

("Jarvis" or "the Company")

INTERIM DIVIDEND DECLARATION

The Board of Jarvis are pleased to announce that, on the back of recent trading activity referred to in announcements during April 2020, it is declaring a second quarterly interim dividend of 11 pence per share. The dividend is paid in accordance the Company's dividend policy but also includes an additional sum which the Board have elected to include following the Company's strong trading this year and previously undistributed reserves brought forward. This dividend is to be paid on 11 June 2020 to shareholders on the register on 22 May 2020 and the shares will become ex-dividend on 21 May 2020.

DIVIDEND REINVESTMENT PLAN

A Dividend Reinvestment Plan is being offered and the final date for elections for reinvestment of the first quarterly interim dividend is 28 May 2020. Any shareholder requiring further information should contact the Company.

[tenapen] 30/4/2020 16:11

The next best thing to a RNS like the one we had this morning, is continued market volatility and a c200 point fall in the FTSE. Another good day for trade volumes, Nearly 2bln today.

[shanklin] 30/4/2020 12:57

Thank you steelwatch, that's very helpful.

Probably pretty fair given JIM state they are trading ahead but don't use a word like "significantly".

Nice to see the forecast dividend increase by 75% of the increase in forecast EPS.

[steelwatch] 30/4/2020 12:47

WH Ireland has issued a note today which you can download to your local drive from the header link above.

[maddox] 30/4/2020 10:39

Excellent news. Great to have particularly amongst the Covid-19 gloom.

[melton john] 30/4/2020 09:37

Maybe even a special?

[nickk1] 30/4/2020 09:03

This bodes well for the next dividend announcement

[doc60] 30/4/2020 08:58

Not often you can say 'BOOM' with JIM :) Glad I bought a few more recently.

[bb123] 30/4/2020 08:41

Latest news shares up today

Jarvis Securities plc

("Jarvis" or "the Company")

TRADING UPDATE

Further to the announcement of 14 April 2020, in which the Company set out a more detailed update of its operations in light of COVID 19, the Company is pleased to confirm that due to the volatile equity markets the Company has continued to experience higher trade volumes than originally forecast. Additional income from the higher trade volumes is also in excess of additional marginal trading costs. Whilst other income streams and costs remain in line with forecasts.

Accordingly, the Board of Jarvis is pleased to announce that the Company is trading ahead of market expectations for the current financial year.

ENDS

Enquiries:

Jarvis Securities plc 01892 510 515

Andrew Grant

Jolyon Head

WH Ireland Limited 0113 394 6600

Katy Mitchell

Darshan Patel



Notes:

Jarvis Securities plc is the holding company for Jarvis Investment Management Limited (AIM: JIM.L) a stock broking company and outsourced service provider for bespoke tailored financial administration. Jarvis was established in 1984 and is a member of the London Stock Exchange; a broker dealer member of NEX Exchange, authorised and regulated by the Financial Conduct Authority and an HM Revenue & Customs approved ISA manager. As well as normal retail broking Jarvis provides cost effective and flexible share trading facilities within ISA and SIPP wrappers.

Jarvis provides outsourced and partnered financial administration services to a number of third party organisations. These organisations include advisers, stockbrokers, banks and fund managers. Jarvis can tailor its administration processes to the requirements of each organisation and has a strong reputation for flexibility and cost-effectiveness.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END


TSTUKSNRRWUSUAR

[tenapen] 30/4/2020 07:42

:::BOOM:::

[tenapen] 24/4/2020 13:32

Hi everyone,
AJ Bell (ajb) are certainly not a direct comparison to Jim, Thier trading update yesterday was excellent as was BRW a few weeks ago. A sector of the market that is certainly doing well out of the present situation.

I'm looking forward to Jarvis's divi declaration next month.

[melton john] 24/4/2020 13:16

Quite so Shanklin, I was, if anyone wasn't sure, only referring to the similar wording on the trade volumes and business continuity. Always good to compare with others in the same line of business. :-)

[shanklin] 24/4/2020 10:36

Only JIM won't have bad debts or loads of additional bonuses to pay. :-)

[melton john] 24/4/2020 10:12

Interesting trading update for IG. Almost identical to JIM.

[melton john] 23/4/2020 23:54

I'm getting forgetful in my old age, was it me? Lol

[shanklin] 23/4/2020 12:47

I wonder what complete plank questioned JIM management's policy of continuing to pay dividends.

[steelwatch] 18/4/2020 05:30

Business as usual for Jarvis Securities

Chief executive Andrew Grant of Aim-traded Jarvis Securities (JIM:419p), a financial services outsourcer and retail client stockbroker, has taken the usual step of writing to shareholders directly to personally provide reassurance on Jarvis' position in light of Covid-19. His insight is highly supportive of the investment case I outlined (‘Targeting value plays’, 16 March 2020), and worthy of further comment.

Mr Grant notes that the market volatility has led to an increase in trading volumes – more than 100,000 retail clients use its ShareDeal-Active and X-O low-cost online share trading services – and there has been minimal disruption to the business as the company’s sophisticated screen based technology has enabled almost all staff to work from home. He also points out that the cut in Bank of England base rate will have a minimal impact on interest income. I would add that Jarvis’ corporate division, which provides outsourced and partnered financial administration services to pension funds and wealth managers, should benefit from even more institutional clients targeting cost savings at a time when the business is enjoying improved pricing as some rivals exit the market.

House broker WH Ireland is maintaining its upgraded EPS forecast of 37.8p to support a 2020 dividend of 27.8p (the second quarterly dividend will be paid on 11 June as Mr Grant noted in his letter), implying the shares are rated on a forward price/earnings (PE) ratio of 11 and offer a prospective dividend yield of 6.6 per cent. Fair value of the shares is around 550p. Buy.

[taxtaxi] 17/4/2020 16:30

Can anyone please explain to me why the bulk of the revenue comes from gross interest earnings from treasury deposits, cash and overdrawn client accounts? I take it commission and fees relate to actual trading activity revenue? Thanks

[shanklin] 15/4/2020 08:05

Hi tenapen

Would have bought much earlier but the thing that swung it for me was the minimal effect on interest income per yesterday's RNS.

[tenapen] 15/4/2020 07:57

Morning Shanklin & tightfist, All.

Like many people im sat at home reading these boards and its been the same story since C-19 broke. People are waiting in line on the telephone as the on-line dealing is at capacity !. The high trade volumes can also be seen in the FT link [below].

All we had been waiting for was the news that Jarvis was to continue with paying its dividend.

Frustrating for me, as i had been seeing and reading this happen and yet i have had no money to top up, Ho Hum.

Regards.

[shanklin] 15/4/2020 07:37

tightfist

I had to wait about 15 minutes on the HL. phone line yesterday before I spoke with a broker (or whatever they are called). How long have your waits been?

[tightfist] 14/4/2020 20:57

I have used JIM telephone service for the last 20 years........ I have spent many many hours in a queue, don't know about their current capacity, but NEVER had to wait like this.......

[shanklin] 14/4/2020 12:45

Ended up phoning HL this morning in what proved to be an unsuccessful attempt to buy JIM shares as they were so illiquid online. Asked about how much higher (telephone?) dealing volumes are compared to normal and he said they are currently about 5 times normal levels. I take this as a good sign for JIM as it shows the general level of demand.

[cwa1] 14/4/2020 07:20

I think this is just about as good as it gets under the circumstances...

Jarvis Securities plc Letter to Shareholders
14/04/2020 7:00am
UK Regulatory (RNS & others)

Jarvis Securities (LSE:JIM)
Intraday Stock Chart
Today : Tuesday 14 April 2020

Click Here for more Jarvis Securities Charts.
TIDMJIM

RNS Number : 4299J

Jarvis Securities plc

14 April 2020

Jarvis Securities Plc

Registration number 5107012

Share code on AIM: JIM

Jarvis Securities Plc ("Jarvis" or the "Company")

Letter to Shareholders

The Company has today dispatched the following letter to shareholders:

Dear Shareholder,

Due to the recent spate of announcements by companies cancelling or deferring payment of their dividends I thought I would take the opportunity to personally provide reassurance on Jarvis' position and to provide a general update on the Company's operations in light of COVID 19.

Our disaster recovery planning has proved to be robust and we have been able to continue to offer a full service to both our retail and institutional clients. The majority of our staff are working remotely using the IT infrastructure we have in place. We have maintained a minimal staff presence in the office only where absolutely required and have been able to adhere to the government's recommended safe working practices. We are well set to continue to operate in this fashion for the foreseeable future. At the same time, we have seen an increase in trade volumes following the election result in December and the market volatility as a consequence of COVID 19; and believe the reduction in the Bank of England base rate should have a negligible effect on interest income. We look forward to providing a more detailed update in due course but remain optimistic for the future.

The Company confirms its intentions to pay an interim dividend on or around 11 June 2020, to shareholders on the register at 22 May 2020, in line with the Company's dividend policy and a further announcement will be made when this dividend is declared.

Finally, I would like to reassure Jarvis' shareholders and wider stakeholders that despite the seriousness of the current situation globally and the effect this will have for the economy we are not seeing a detrimental impact on the Jarvis business model at this time.