Jarvis Securities Share Discussion Threads

[tenapen] 16/10/2020 17:33

No fancy brochure for Jarvis, A4 paper and a single staple :-).


As for the reason, it does not seem to me to be worth the time and trouble and I'll vote against. I work as a builders trowel hand and do not see the price of any given share as a barrier to buying. Even a nugget like myself would look at the market cap & p/e and make a discission based on.

Best Wishes all.

[flowc] 16/10/2020 12:49

There you go sell price gone up 5p 7.30

[steelwatch] 15/10/2020 19:28

Proxy form arrived today. I'm voting for, though it is likely to be a foregone conclusion anyway.

[poacher45] 15/10/2020 19:03

Greed is a fact of life. Would you rather have 4000 shares than a 1000 shares?
The share price when it happens in my opinion will go to £2 a share in a very short time. Thank you directors.

[flowc] 15/10/2020 18:55

I doubt if the directors of Jim would wish to jeopardise their shareholding

[shanklin] 14/10/2020 14:34

FWLIW, and whilst I would prefer it not to be happening, my understanding is that the cost of the share split is minimal.

[shanklin] 14/10/2020 11:08

Hi MJ,

The fact that JIM have tight control of the share register is a huge plus IMHO.

The share split just seems so out of character, and so pointless.

[melton john] 14/10/2020 10:26

"Illiquidity is a feature of 3 shareholders controlling 60%+ of the equity" that may be true but digging down, the reason the shares are tightly held is that there has never been a dilutive share issue since JIM were spun off from Sion Investments nearly twenty years ago. I held some Sion shares when they were traded on a platform for unquoted companies called OFEX and these were swapped 4 for 1 for JIM shares which were then floated on AIM at somewhere between 50p and a pound. I've never met Andrew Grant, I've emailed him occasionally, but I've always felt that his interests and mine are aligned and I trust him to decide the best way forward without splashing lots of shareholder funds. I'm sure our friends in the City have lots of ideas on how to make money for them.
If there are any errors or omissions in my post, I'm happy to be corrected by another long term holder.

[steelwatch] 13/10/2020 22:28

I think the main factor to consider is making the company's shares more attractive to the new breed of smaller companies investment trusts such as this one, Buffettology Smaller Companies Investment Trust, they are acting as an intermediary for in their upcoming IPO:



If that link doesn't work, it's currently accessible from the x-o and sharedealactive home pages:

[energeticbacker] 13/10/2020 18:43

Investor's Champion, a supporter of the stock, also thinks it looks odd. Illiquidity is a feature of 3 shareholders controlling 60%+ of the equity...not a a 750p share price

[maddox] 13/10/2020 17:09

I don't get the impression that JIM are spendthrift.

If the share price rises and we get greater liquidity - it will count as a success in my book - logical or not.

[melton john] 13/10/2020 14:32

Perception = reality to some Trident5. To the younger less experienced investor a £7.50 share price hasn't much upside and a long way to fall. I don't see it this way either but have a look at the top risers page, only a quarter of those on the list have a share price above a pound. What do new investors looking for a flutter make of that? I would rather they put their money in something worthwhile like JIM than a hole in the ground.

[shanklin] 13/10/2020 13:51

It is a completely bizarre thing to do. Wonder if the NOMAD suggested it.

[trident5] 13/10/2020 13:42

Maybe they suddenly don't have anything better to do.
I'm not invested here, but was very impressed with the company a few months when I looked at it. But this sort of thing just looks like putting lipstick on a pig.

[maddox] 13/10/2020 13:05

Trident - yes for the ultra logical. But psychologically it seems to work - the shares look more affordable and you get more for your money. Mr Market is more like Startrek's Mr M'Coy (Bones) than Mr Spock.

[trident5] 13/10/2020 12:49

MJ - this makes no difference unless you want to trade shares in blocks of less than £7.50. The costs of setting this up are just a waste of shareholder funds.

[melton john] 13/10/2020 12:39

Investor psychology is weird trident5. I own plenty of these but I don't get many for my money when the drip comes around, that's a fact.
That doesn't bother me, but I still remember the days of owning a million shares in a company and when I think about paying £20 or £80 for one share I feel giddy.
The Exchange Market Size of 500 shares is something that needs to change to improve liquidity, that's for sure. and I don't mean just pro-rata to 2000. HL. EMS is 1000 and current share price nearly £15 so EMS is £15000, Jim in cash terms is about a quarter of that at share price of £7.50. This has to change.

[trident5] 13/10/2020 09:39

The reorganisation is a 4 for 1 share split and is being done "to make the Company's shares more accessible to smaller investors by reducing the average share price by a factor of four and should therefore improve the liquidity of the market in the Company's shares".

Presumably they become more attractive to those small investors who currently can't afford to buy one share for £7.50, but henceforth if they have a spare fiver they'll be able to buy one or two. BS.

[cwa1] 13/10/2020 07:57

Capital reorganisation announced:-

[cwa1] 07/10/2020 14:32

Nice, indirect, work for Jarvis with SUPR pulling in £200M from their recent offer, part of which was sourced from PrimaryBid. Wonder how much of the overall pot will have been attracted by PB?

[texaspete2] 06/10/2020 22:30

Website states 12th Nov for next divi update, fingers crossed

[tenapen] 06/10/2020 15:19

Thank you John & steelwatch, your input is appreciated. :-)