Jarvis Securities Share Discussion Threads

[tenapen] 17/9/2020 20:31

A new IPO

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Tellworth IPO

Jarvis Investment Management has been appointed as an 'intermediary' for the forthcoming fundraising share offer of ordinary shares.

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[cwa1] 14/9/2020 16:36

If I don't mention it is up again today, will it break the spell? Let's not take any chances ;-)

[rogash] 12/9/2020 08:57

This time last year there was a special divi of 15p announced.

[happywanderer] 11/9/2020 17:49

Probably the company buying shares in the market to feed the Drip scheme.

[cwa1] 11/9/2020 16:19

Happy to see it continuing today

[cwa1] 10/9/2020 15:57

Nice to see the price rising, perhaps not coincidentally, on the day the dividend arrives in the account. Very satisfactory :-)

[steelwatch] 02/9/2020 15:42

Must be due a buy back at this rate!

[tenapen] 26/8/2020 17:20

Hi John, I think they call it a 'lobster pot' ?.

Jim is a great share for me. I very long term holder who is building my holdings by taking the DRIP. A good management with a clear dividend policy. BUT as with all companies with very little percentage of shares in free float, selling in numbers can be difficult !. Good to be aware of this before building a stake. That said, if you had £100 in 1992 it would be worth just £42 today :-/ . If you had £100 in a dividend paying company ........ Holding shares is worth the added risk imho.

Regards.

[melton john] 26/8/2020 09:43

I've seen this share described as one you can't sell once you are in, this will obviously put some people off. I have no intentions of selling but sounded out the market by getting a quote to sell some. 2500 at the bid sounds reasonable to me but as greg says above buying back is tricky, only 500 at the ask. I'm happy to sit on my hands too, does anybody have a better idea than JIM?

[greg the grinch] 20/8/2020 15:56

10p of the fall is the general market going down. If prices went in straight lines, investing would be easy and we would all be millionaires.

Perfect market theory should also have had us open at a price minus the div.

I suspect some were hoping to short term trade and grab the div - they might find it tricky to buy back in.

I'm happy to sit and wait.

GLA

[maddox] 20/8/2020 14:32

The value Mr Market puts on a share is often baffling. The fact that Economics Academics continue to teach 'perfect market theory' tells you all you need to know about the pseudo-science of economics. But therein lies the opportunity for us investors.

[steelwatch] 20/8/2020 12:01

Trading @ c. £6.65 when the dividend was announced. Let's see where it consolidates in the lead up to 12 November.

[crazycoops] 20/8/2020 11:31

You have to laugh, ex-divi for 14p and down by 32.5p :)

[greg the grinch] 20/8/2020 10:12

Re ex div: I think it says something about the upward trajectory of this share that there was not a rush to the door at the open.

I think we will continue the upward trend.

Hmm... massive long on JIM and short on AJB and watch the money come in?

[shanklin] 20/8/2020 10:11

Back to 8% yield at £7.00.

[maddox] 20/8/2020 09:13

Hi Greg,

You think that's good. At 745p last close on a p/e 14.5 yld 5.3%. If JIM was on the same valuation as AJ Bell AJB p/e 53.3 yld 1.36% then the share price would be 2739p and 2810p respectively!

The 14p interim dividend is awarded (x-Div) today so the share price is expected to come-off.

JIM is run like a family owned business - a highly attractive characteristic, conservatively managed, tight cost control. I really like a firm that pays a quarterly dividend - it speaks powerfully of alignment with shareholders. The interim dividends are a tangible way of signalling to shareholders the current and future trading conditions. Today's 14p is a significant 115% uplift on the 6.5p paid this time last year - I really like non-verbal communication.

Regards Maddox

[greg the grinch] 20/8/2020 08:37

Great point Maddox

Hmm... so HL could buyout JIM for £12 and boost their own shareprice.

I reckon dividend chasers will drive the price up.

Also noted on Bloomberg, that the young generation are more into trading than previous generations.

[maddox] 17/8/2020 12:16

Hi steelwatch,

Good to see JIM re-rating - it was looking ridiculously cheap. At 730p last close they still look good value on p/e 14.2 yld 5.23%. If JIM was on the same valuation metrics as Hargreves Lansdown p/e 35 and 2.2% yld then the share price would be 1780p and 1735p respectively.

Regards Maddox

[steelwatch] 15/8/2020 05:42

Broker Jarvis Securities (LSE:JIM) is benefitting from increased share trading levels. Interim profit was 50% ahead at £3.6 million. Revenues were 31% higher at £6.8 million. Jarvis is succeeding with a low-cost share trading offer and outsourced admin for brokers and fund managers. A dividend of 14p a share was announced with the figures. Jarvis had already paid two quarterly dividends of 17.75p a share.

The first-half growth sparked an upgrade in full-year pre-tax profit and dividend. WH Ireland had forecast an improvement in pre-tax profit from £4.8 million to £5.5 million in 2020, but this has been raised to £6.8 million.

The broker still believes this could be conservative because it does not assume that the bumper trading levels continue.

The total dividend, which has grown consistently, is expected to jump from 26.25p a share (although that does not include a 15p a share special dividend) to 37.5p a share this year. At 730p, the shares yield 5.1%.

[cwa1] 10/8/2020 15:58

Very solid progress :-)

[hastings] 10/8/2020 11:26

Continuing to look strong dividend a nice bonus.

[squeamish1] 10/8/2020 11:16

Just got a sell quote for £7.06 - first ever above £7. Great little find this one, just want to see a succession plan for Andrew Grant at some point soon but in the meantime I’ll take the quarterly dividend and shut up!

[steelwatch] 07/8/2020 13:48

ten - let's hope it becomes a sight for sore eyes now that £7 is being strongly contested.

[tenapen] 06/8/2020 21:27

Perfect,


:-)



Ps, great new chart in the header. Thanks steelwatch