Jarvis Securities Share Discussion Threads

[1hroy] 06/1/2024 16:10

Can you enter the divi dates Tenapen. Thanks

[tenapen] 06/1/2024 14:08

Could be bmcollins,

The Key Dates - finals / AGM / interims was updated mid December if not earlier. I have been checking the dates for dividends to be updated regularly, and so was pleasantly surprised when I looked this morning and found they had been.

Time will tell !

[bmcollins] 06/1/2024 13:43

Encouraging as it is, (& a good spot today tenapen) it might just be something done automatically each year as a dividend of zero or the passing of a divi is usually declared.
My guess is when the FCA are satisfied JIM will start paying divis as wearing the hairshirt of a zero divi last quarter is good asthetics to FCA when/if they decide what fine JIM must pay.
Always best to look poor when bills are about after all...

[evaluate] 06/1/2024 11:47

Me too.

I hope you are right on this.

It's certainly been a very disappointing period.

Looking forward to some dividends.

[tenapen] 06/1/2024 06:47

The last few years with Jarvis have been a disappointment for me (I don't know if you have picked this up in my posts !).This morning I'm more than pleasantly surprised. It looks like we may be getting a 1st quarter dividend and all of the following
dividends for 2024. Yes the dividend dates are in. Hopefully this bad spell is over and who knows, we will laugh about the share price falling to 48p in years to come !. If the share price does recover from these lows. Anyone with spare cash to buy, will certainly be laughing !!!.

[tenapen] 20/12/2023 13:02

Quote;
"Sounds familiar. I was interested in the range of the FCA activities so I'm relieved to see that even the biggest companies can arouse the interest of the FCA"

–--

This is the annoying thing John. I can understand the Big banks - Brokers with thier many staff and operations falling foul of the rules and the FCA bringing in a 'skilled person' to review and consult where a mistake has
happened. Jarvis is but a two bit broker with 59 staff. This shouldn't be difficult to keep under control. The sacked Mr Jolson Head should have known the rules and any grey areas don't accept the model B client. The fact it took Jarvis one year to sack him beggars belief.

Get it sorted Jarvis and it would be nice if one of the board could buy a few JIM shared to give confidence.

[melton john] 14/12/2023 23:07

I have become aware that "Model B" business is a term common to a lot of outsourcing financial companies whereas I thought it was just a term used by Jarvis. Searching around I found a very large company having 200 clients world wide transacting $5Bn daily. That company is Global Prime Partners and what's interesting is their entry on the FCA website which shows the following restriction.
VREQ 30 Nov 2023

Restriction on regulated activities

1. The Firm must not, without prior written consent of the Authority, onboard or carry-on regulated activities in respect of any New Model B Corporate Clients or any New Retail Clients of the Firm (including Retail Clients of the Firm onboarded in relation to an acquisition). For the avoidance of doubt, this Requirement does not prevent the Firm from servicing new clients of the Firm's existing Model B Corporate Clients.

2. The Firm shall not acquire any legal entities or new portfolios of Model B Corporate Clients

Sounds familiar. I was interested in the range of the FCA activities so I'm relieved to see that even the biggest companies can arouse the interest of the FCA.

Another company I have been recently invested in is SUS, a finance company which has the attention of a Skilled Person Review.
So I'm pleased to see that today JIM has led the beginning of a revival of my portfolio and that nervousness lately towards JIM is after all mainly market driven and not solely a JIM issue.

[tenapen] 14/12/2023 16:11

Hi John,
I'm too old for a fortnight, but a jolly boys - September - Bank holiday weekend is a must. :-) fall on some good weather and it's as great and varied a weekend as you could get anywhere in the world. Right here in the UK.


Lots of new hotels and things are improving, slowly. Away from the tourist areas it's very rundown and to be honest, smells a wee bit, so lots of work still to do on this ' leveling up ' promise.


A great day for the markets today, one to enjoy after so many bad days. Volumes should be high ! So let's hope Jarvis are busy.

Regards

[melton john] 14/12/2023 15:34

You and many other Scots in Glasgow Fair fortnight ten. I haven't been to Blackpool for years but I suspect staycations have helped it out.

[tenapen] 13/12/2023 17:27

Hi steelwatch,
In my younger days I was lucky enough to backpack to some lovely places. But Blackpool is my number one place in the world. Any family and friends would be rolling their eyes as I've bored them all numb over the years as I wax lyrical.

Hahaha but true :-)
Regards.

[steelwatch] 13/12/2023 16:43

ten - thought you'd be more into brick piers;-)

[cwa1] 13/12/2023 12:33

Morgan? I'll see myself out...

[bmcollins] 13/12/2023 11:44

Might I suggest Southend ?
Being the longest pleasure pier in UK it is surely fitting for JIM as we have gone/still going through, the seemingly never ending FCA investigation...

[saucepan] 13/12/2023 10:44

Which piers are we talking about; Brighton, Wigan?

[4spiel] 13/12/2023 10:41

Yes appears to be no need for a Phase 2 investigation as can be compliant with FCA by end of February.But the business model appears to need review

[tenapen] 12/12/2023 15:54

AJB response to FCA and pricing changes ..... and thier share price continues it's rise.

JIM - is but a piddly little company as compared to it's piers, so hopefully Jarvis can do their review and implement changes sooner rather than on the last day - 29th feb.

[tenapen] 12/12/2023 13:59

I agree bmcollins,

I just don't like how they fed us the news. Jarvis had issued an RNs saying investigation completed giving Jarvis untill Q4 to implement the changes before the FCA reviewing to completion. The divi declaration was already two days late when they Skilled person / FCA / Jarvis stiffed us with the further investigation poke in the eye. Absolutely bang out of order.

[thrugelmir] 12/12/2023 13:08

JIM at least doesn't double dip. Could revise it's charging structure to compensate.

[fegger] 12/12/2023 12:38

Didnt know that BM. That is significant!

[bmcollins] 12/12/2023 12:26

I actually suspect that the interest issue will not cause JIM too much grief with FCA because they have an offer to repay all dividends into a bank a/c of your choice every 3 months for no fee.
AJB, H|L etc all charge a hearty fee, AJB £25 + vat = £30 a transfer.
JIM might slip away with this one

[tenapen] 12/12/2023 11:21

Quote;
A recent survey of 42 firms found that the majority kept interest earned from customers’ cash balances, the FCA said on Tuesday.
This may not “reasonably reflect the cost to firms of managing the cash”, the regulator added, setting a deadline of 29 February
Cont...

------

The above concerns HL. & AJB but the FCA have given them both until 29th Feb 2024 to sort out the interest on cash held in the respective companies. The same as Jarvis.
With Jarvis's results due on the 7th March it will be interesting to read what the BoD comes up with. Also interesting to note. Jarvis has updated thier Key Dates page, but the dates for next year's dividend has not not been updated, Mmmmmm !

[melton john] 12/12/2023 09:55

It looks like the market makers were caught short by this mornings 26500 trade so they delayed printing it and dropped the bid making a few sellers appear. I imagine a few more big buys as those who went to cash jump on again but wdik.