Jarvis Securities Share Discussion Threads

[tenapen] 31/10/2023 18:06

Thrugelmir16 Sep '22 - 15:00 - 2849 of 3194
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Fundsmith was far from alone in the 1st Quarter. 10 other s166 notices were issued.

The fact that only JIM's Model B clients are being targeted. Suggests it could be part of a wider investigation.

The Company isn't in a position to comment once an investigation has been announed.
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Thugs first post on the day of the investigation RNS

The RNS was leased at 13.50 the above post 15.00

[tenapen] 31/10/2023 16:32

No clinging Thug.

I will continue to take the discounted drip in the expectations JIM will recover. If you had been here before the investigation RNS you would be aware that the jarvis management have a habit of shooting itself in the foot and trashing the share price I have confidence the share price will recover again. I will though sell some into the rising price .

Tell me Thug why did you suddenly start posting here as the font of all jarvis knowledge, just after the investigation RNS. You alone have backed the company and knocked back any dissenting posts ?.

[tenapen] 31/10/2023 16:24

Kieran Price, age 52 years old, started his career as a chartered management accountant with IFX Markets

Cont..

He currently holds the role of Head of Finance at Jarvis Securities plc.

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Out with the old and In with the .... old !

[tenapen] 31/10/2023 16:07

Heads will Roll

So they should.

[thrugelmir] 31/10/2023 15:51

As if going to the AGM is an option for anyone outside the smoke.

Is the company rotten or are the management plain hopeless ........ or Both !.

================================================================

Choice is yours.

Guess you are clinging on now. Having gambled away a serious amount of money on a punt. As JIM isn't a share you'll find mainstream.

[llama_investor] 31/10/2023 15:00

Finance Director of 12 years resigns with immediate effect.

[tenapen] 29/10/2023 06:29

As if going to the AGM is an option for anyone outside the smoke.

"The company cannot control the share price" but it can fill the news vacuum, and by filling the vacuum the share pice will find its own level.

Don't forget it's not me being pedantic here. Jarvis gave a 3 to 6 months investigation. We are soon to enter 14 months.

Is the company rotten or are the management plain hopeless ........ or Both !.

[tenapen] 28/10/2023 10:54

Also in the circa three months since thier last RNS in August, the Jarvis share price has Lost 36% of its value. This fact alone should prompt some sort of response from the management.

Maybe it's the words from the management in August that caused the share price to fall !.

There's a quandary...... do we want the management to stay quiet, leaving us to suspect how bad they are !. Or do we want them to talk, so confirming how bad they are !.

Mmmmmmmm !!!!

[tenapen] 28/10/2023 10:21

Again - "add a few comforting words"

They could take the divi opportunity to add a few lines. I hope they do but guess they won't. Silence is golden when they have f#ckef up so badly.

[thrugelmir] 28/10/2023 09:07

Unsure what news you are expecting to hear. RNS in August was clear enough.

Dividend is a dividend. JIM remains a cash generative business. At current price levels an attractive yield possibly.

[tenapen] 28/10/2023 08:01

Thug

I go on to say, Jarvis have a divi declaration on the 9th Nov and hopefully they will add a few comforting words blar blar blar

Please read before throwing punches

:::GROAN:;;

[thrugelmir] 27/10/2023 22:10

As the assets are totally ring fenced. The risk to clients would be one of inconvenience. An administrator would keep the business ticking over while a sale was concluded.

[saucepan] 27/10/2023 21:54

SpectoAcc and Thrugelmir: thanks for your comments.

I agree, the risk to ring-fenced accounts is probably very small, should JIM get into further difficulty - and perhaps that is unlikely, too.

Next results will provide better insight as to how well or otherwise the Company is doing.

I wish holders well.

[thrugelmir] 27/10/2023 21:36

@ Saucepan

Could well be the transfer out of Model B clients trading accounts.

JIM is a relatively small operation. This task must be consuming a lot of resources.

[thrugelmir] 27/10/2023 21:33

@ Tenapen

There's a good reason for updates from AJB and HL. One was the publication of Annual Results. The other was an update for the financial year that just ended on the 30th September.

A little knowledge can be a dangerous thing.

[spectoacc] 27/10/2023 18:28

I've a very large SIPP at Jarvis, but am not minded to move it - the FSA have always stepped in, & client assets will be ringfenced. I'd imagine they're paying them particularly close attention atm.

[saucepan] 27/10/2023 17:05

In querying the progress of the transfer of my SIPP from Jarvis to interactive investor, the person who corresponded with me happened to remark that Jarvis was dealing with a lot of these requests.

That suggests to me that Jarvis is losing market share, which does not surprise me. I could be wrong of course, but thought it was worth passing this anecdote on. (I no longer hold, but monitor JIM from time to time out of curiosity).

Edit: Just for transparency - I mentioned on this thread back in March that I was transferring away from Jarvis, because I was spooked by the FSA investigation. The whole transfer was held up as a result of one holding in my portfolio that was not currently tradeable. That issue has now been finally resolved and I have been trying again in recent weeks to achieve the transfer. At the first attempt, I was intending to transfer the SIPP to AJ Bell. However, I was very disappointed by the way they handled their end of things - which made me try this time with interactive investor - who so far appear to have been on the ball. The transfer now seems to be at the point of completing, despite Jarvis being incredibly slow to progress matters - which has left a final bad taste as far as I am concerned.

[tenapen] 27/10/2023 16:15

....and No, silence is never golden for people who want to know what is happening. Silence is Golden to the manager's who don't have to answer for thier mistakes.

[tenapen] 27/10/2023 16:09

HL and AJB have both issues trading updates last week - Jarvis = Nothing.

JIM 4th quarter divi declaration next again week ..... I wait and see if this slack management can be bothered to add a few comforting words.

[thrugelmir] 27/10/2023 14:22

Sometimes silence is golden. AJB and HL are hardly setting the world alight. Trading environment is tough.

I've been nibbling at sub £1 prices. As almost certainly into oversold territory. Even allowing for a dividend haircut.

[n0rbie] 26/10/2023 22:38

Tempted to average down here but need to see something positive from management!

[tenapen] 08/10/2023 16:17

QCA Compliance
Since September 2018 all AIM companies have been required to comply with a recognised corporate governance code. Jarvis Securities Plc has chosen the Quoted Companies Alliance (“QCA”) Corporate Governance Code published in April 2018 for this purpose. High standards of corporate governance are a priority for the board, and details of how Jarvis Securities Plc addresses key governance principles defined in the QCA code are set out below.

Cont...

--_+

Can't say I've noticed the above link before ?

They certainly haven't been following it ! Or we wouldn't be in such a mess !

[tenapen] 08/10/2023 14:23

I notice that chartists are buying JIM shares thinking c100p will prove to be a floor for the share price. I hope so also, but I'm not sure if charts can measure hopeless management! and my word Jarvis management are hopeless. So we will see if 100p holds and if it doesn't.......

In dark times as this, it good to find something to smile about and I found my smile remembering how the Jarvis management decided they didn't want a c800p share price as no-one would buy the shares at 800p So they had on a 1-4 share spit. They got what they wanted - we now have a cheap share ! at today's price c102p and yet no investor wants it.

Hopeless is has hopeless does JIM