Jarvis Securities Share Discussion Threads

[gdcox] 24/2/2022 16:36

No. It is clear how they work. Central banks DONT raise rates for that part of inflation which interest rates can't suppress; especially when those parts of inflation themselves depress the economy,such as higher fuel costs. Think underlying. Also the uncertainty will make CBs cautious.

[maddox] 24/2/2022 15:24

Hi gdcox,

It very much appears that the current conflict has been fuelling inflationary pressures. This is in accord with the accepted economic wisdom (such as it is) that wars are inflationary. As Russia is a major oil exporter and largest global gas supplier, and Ukraine a major grain exporter, I don't think prices are going to recede quickly. OTOH how the MPC decides to respond is anyone's guess.

Discuss 1000 words. 20 marks.

[shanklin] 24/2/2022 15:03

This might not be positive for interest rates but presumably trading volumes will be strong for a while.

[cfro] 24/2/2022 13:39

We are now in a rate tightening cycle gdcox, so what makes you believe central banks will have to turn about face?

[gdcox] 24/2/2022 13:00

No. Only underlying inflation drives interest rate decions. I used to work in a central bank.

[topvest] 24/2/2022 12:13

Not necessarily. Inflation is what impacts interest rates and that is still taking off. There might be a recession before interest rates are belatedly increased, so I think that is more likely to dampen down interest rate increases in H2. For now though the Bank of England need to put interest rates up aggressively.

[gdcox] 24/2/2022 11:37

The war is likely to reduce the level of future interest rates so must impact on Jim.

[crazycoops] 24/2/2022 11:07

Not the best of days to ex-div, oh well!

[tenapen] 15/2/2022 16:06

Happy with 3p

Keep the dividends consistant, no eratic swings IMHO. Anything left over can be saved for a future special :-)

[cfro] 15/2/2022 15:44

Yes I don't disagree.

Just to explain my above post in more simplistic terms the strong first half statement was referring to H1 up till June last year. We dont know what has happened in H2 until they tell us next month as they dont tend to give updates.

The first seven weeks of this year has been one of high volatility in the markets which generally means customers are trading more hence higher revenues and profits for companies like JIM.

[tatie] 15/2/2022 14:38

"...after such a strong first half..."
Aren't we only about 7 weeks into this year? Sorry to be pedantic but there's lots of time yet.

[tatie] 15/2/2022 14:27

It's only the first interim dividend, there's plenty of time to up the others when trading patterns for the year are better established. Is there any reason to think the annual dividend will not show an increase given the progressive nature of payments in recent years? Unlikely.

[cfro] 15/2/2022 14:08

Not one to sound ungrateful for 3p (which is still a high level of annualised yield) but to be honest i was expecting at least 3.5p perhaps a little more..

The reason being after such a strong first half i simply assume the momentum in the business has continued as stock-markets have remained bouyant plus there must be a number of new customers added and above that i am supposing that they must have high levels of cash on the balance sheet.

[flowc] 15/2/2022 14:05

Yes this was an interview July 19th 21Will be interesting what the latest reports or interviews state

[shanklin] 15/2/2022 13:54

Reminder of interview after interim results....

[cfro] 15/2/2022 13:53

There is a mistake in today's RNS too - it read "fourth quarterly .." when it should have read "first quarterly ..".

Edit - i see anther corrective RNS just released.

[cwa1] 15/2/2022 13:31

Just about as expected, would've been nice to see a little touch up but not much of a surprise at 3p TBH

[cfro] 15/2/2022 13:28

Good detective work by the poster above - the divi announcement has indeed been made this afternoon.
Only problem is that it is a shade disappointing at only 3p.

[crazycoops] 15/2/2022 13:17

Divi announcement just out at 3p per share

[thetrotsky] 15/2/2022 10:00

The next dividend is supposed to go ex-div on 25-Feb and be paid on 17-Mar (see key dates on JIM website). The latest announcement date given is 17-Feb but, given that they have in recent years been announcing their dividends no less than 10 days in advance of them going ex-div, it's still possible that they may announce their next dividend later today (the last two dividend announcements were made 10-15 minutes before 2pm)

[tenapen] 12/2/2022 08:19

2021 Interim 26 February - 3p
29th October 2020 a 4:1 subdivision of shares occurred
2020 Interim 20 February - 6.75p
2019 Interim 14 February - 6.00p
2018 Interim 15 February - 5.00p
2017 Interim 16 February - 4.25p
2016 Interim 18 February - 3.75p
2015 Interim 19 February - 3.75p
2014 Interim 21 February - 3.75p
2013 Interim 22 February - 3.00p
..

2006 Interim 18 January - 1.50p

We've come a long way !

[cwa1] 11/2/2022 16:14

I'd certainly be cautiously happy with a touch up to 3.75p. Would be a sign of intent if nothing else for me...

[flowc] 11/2/2022 16:00

Never known them to divi in anything but 1/4 denominations, 3.75 perhaps

[flowc] 11/2/2022 14:42

Due Thur 17th or day before 3.5p