Jarvis Securities Share Discussion Threads

[shanklin] 10/8/2022 13:00

With interest rates on the up,would be disappointed if JIM cannot at least maintain 3p/quarter dividend going forward. Indeed, IMHO, it should grow from here, especially if there's any sense that trading volumes are on the up from their current minimal levels.

[fokker45] 09/8/2022 18:15

Very happy with 3p Q3 dividend, I bought some at 158p at 1415 today hoping for 2.5p or higher (given that H1 dps was 5.62p). On an annual basis that's 7.6pc, not covering inflation, but my highest yielding share and hopefully that is covered by eps, we will find out next year......

[cwa1] 09/8/2022 16:02

Satisfactory

[spann_703] 09/8/2022 15:18

Dividend 3p.

[evaluate] 04/8/2022 16:49

This is going to make a big difference to JIM's profits over the next year or so.

[cfro] 04/8/2022 15:58

BoE raises by 0.5%.

[crazycoops] 02/8/2022 18:14

My guess is that the divi will remain at 3p - anything less and I think we'll see another leg down.

[fokker45] 02/8/2022 13:51

Shanklin
Thanks, I didn't know that, looked at Stockopedia for 2016-2021 and FCFps was 42.55p and dps was 47.55p (inc specials), so that adds up, although FCF has been negative.
TTM was FCFps 15.3p, and dps was 13.0p, so lets hope a 3p quarterly dividend is announced next week.

[flowc] 02/8/2022 12:40

2.5p I reckon based on SP

[shanklin] 02/8/2022 12:33

Think dividend was covered by free cash flow

[fokker45] 02/8/2022 12:01

Q3 div announcement due by 11 August. Traditionally dps covered by eps by 1.35 (since 2013), excluding special dividends. However H2 2021 was not covered, eps 5.46p, dps 7p. H1 2022 was eps 5.62p, dps 6p. Any thoughts of higher, lower, or the same (3p) as last quarter?

[shanklin] 14/7/2022 11:16

On my ISA, ii charge £19..99 per month but that can be offset against deal charges.

[shanklin] 14/7/2022 11:15

Scallyway, Perhaps the falls happened once WHIreland were in the loop.

[steelwatch] 14/7/2022 11:05

Does ii charge monthly for account maintenance?

[scallywag] 14/7/2022 10:31

The fall below 211p on Monday and subsequent falls Tuesday and Wednesday tells me that insiders were selling

[montyhedge] 14/7/2022 10:10

Does Jarvis pay interest on cash balances for clients accounts?Interactive Investor pay 0.25% on cash balances over 10,000 pounds, ok not a lot but something.

[shanklin] 14/7/2022 09:27

...Oh and admin costs are down on last year so not sure these increased regulatory costs can be that significant. The big question for me is what is the impact of...

"Maturing deposits are all being replaced at higher rates and the impact of this should be more apparent in the second half of the year."

BTW, have WH Ireland published updated numbers or are they sticking with their previous estimates, which would not surprise me?

[evaluate] 14/7/2022 09:02

Anybody have any data on how JIM's revenues compare to the market as a whole.

Is the market down this much or are we particularly badly affected?

[shanklin] 14/7/2022 07:35

Not that today won't be painful but revenue and PBT both up on H2 '21.

[cfro] 14/7/2022 07:20

A weak first half but nothing we wasnt already expecting. As discussed here we knew for instance that trading volumes would be well down, that much was obvious.

Cash under Admistration is up 1.8%.

In the report: The silver lining for Jarvis is that the base rate increases by the Bank of England in its attempt to temper the inflation rate have been swifter than forecast and we are now seeing the increasing benefit of this in our treasury interest income. Maturing deposits are all being replaced at higher rates and the impact of this should be more apparent in the second half of the year.