Jarvis Securities Share Discussion Threads

[tenapen] 13/3/2011 18:26

Add some market volatility to keep trade volumes high !.

[topvest] 12/3/2011 13:40

The big+ here is ANY increase in interest rates. This will have an enormous impact on profitability.

Cash under admin is 39% higher than a year ago at £80m.

In 2008 interest income peaked at £2m versus £1.6m in 2010 with less than half the current cash under management. Literally, we could see profitability doubling if we get interest rate rises of any size. Andrew Grant seems to run a very good business here.

Annual report arrived - it is basic, but very informative and well written...particularly on KPIs etc. I've pencilled in 10p of dividends for 2011 at 2.5p quarterly, but there is scope for the dividend to be significantly higher if they 1. Grow the business and 2. Get any helpful interest rate movements from a cyclical low.

[tenapen] 12/3/2011 12:51

I topped up again yesterday after selling some Tesco to a lose.

[topvest] 11/3/2011 21:15

Yes, looks very well placed to grow top-line revenue and interest income in 2011 with a stable cost base. Dividend is very attractive. Profitability in H2 looked a tad disappointing, if not solid....but outlook is excellent. This is a very good business.

[aleman] 11/3/2011 14:37

Sold Chaucer to buy these. Not happy with tsunami implications for Chaucer's international insurance lines including marine and nuclear. Rising money market rates bode very well for JIM's income and the strong forecast persuaded me to buy after monitoring for a couple of months. I wish I had switched earlier but CHU have risen in the meanwhile on bid interest so not that much worse off for the delay really. Find me something else on the market where the 6%+ prospective yield (and possibly even slightly more) is forecast to rise 40% in 2 years.

[melton john] 11/3/2011 14:04

Not seen you here before Aleman. Are you holding?

[aleman] 11/3/2011 13:46

Nice.

Arbuthnot Securities SBUY 10 Mar 2011
2010 2.00 13.70 9.00 5.40
20112.30 15.70 10.00 5.80
2012 2.60 17.40 12.00 6.20
2013 2.80 19.00 14.00 6.60

[steelwatch] 11/3/2011 08:38

Company - Jarvis Securities
Index - ALL-AIM
Sector - Financial
Rating - Strong Buy
Target Price - 200
Last Price - 160
Potential upside/downside +25.0%
Contributing Broker - Arbuthnot Securities

[steelwatch] 10/3/2011 10:40

Another solid result :)

[steelwatch] 06/3/2011 17:24

ten - Go for it! Opening an X-O Isa is as easy as falling off a log. Just follow the online procedure. No up-front cash needed. That can be done later, or, if you already have something ISA-able in your non-ISA JIM nominee account, phone them and they will Bed and ISA it for you which will save you from putting any cash in at all.

There should be no commission charges on the sell and buyback transactions, but stamp duty will be charged on the buy back into your new ISA, unless the stock is dual listed on certain foreign exchanges, (TSX for instance), where no stamp duty is charged. Of course there will be a slight loss on the spread, but the broker will get you a very favourable spread and agree it all with you before going ahead.

Of course, stocks need to be listed on an HMRC recognised exchange and Jarvis will check this.

As you already have a Cash Mini ISA this year (2010/11) you will be able also to open and contribute to a Stocks and Shares Mini ISA (up to £5100) before this Tax Year ends. Next year (April 6 2011 onwards), you would then have the choice of both types of Mini ISA (up to £5,340 each), or a single Maxi Isa (up to £10,680).

Once you have opened a stocks and shares ISA, trading within it is exactly the same as in your non-ISA nominee a/c, except no capital gains (unless the Chancellor screws this tax perk). The only restrictions are the type of securities allowed and the maximum annual contribution limit.

Any profits within the ISA shell are tax free, though any losses cannot be offset against CGT, which is the only potential down side.

Unfortunately, JIM is does not qualify for inclusion, because of the sole AIM listing, though the last government were thinking of allowing AIM stocks. Whether this will ever happen remains to be seen. There are arguments for and against.

You would have a separate log-on user name and password by the way.

Good luck!





Leave the deposit amount as £0 if you are just doing a Bed and ISA.

[tenapen] 06/3/2011 16:46

Thanks for your reply Steelwatch. I have only ever opened Cash ISA's as i find understanding Stocks and shares ISA's too complicated no matter how many times i read the directions. I will send Jarvis an Email later as i do hold an Emergine Market share i would like to tuck away for a decade of two.

Regards.

PS weldone on doubling your investment.

[steelwatch] 06/3/2011 04:21

ten - I should explain that it is my choice of shares in the X-O ISA that have performed for me. Of course, different shares could provide different results! My point was regarding the current peanut interest rates available to holders of Cash Mini-ISAs.

If you are looking for the X-O charges, they are here:



I certainly won't worry about the account closure fee. Just leave a nominal amount in credit and forget if and when that day comes.

[tenapen] 05/3/2011 16:45

Hi Steelwatch,
Thanks for your link and information. Would you please explain what you meen when you say "this year's X-O ISA has more than doubled". I have looked at the X-O web site a few times now but can not see a link to what you meen. The only ISA link i can see it to Bed and ISA which is a good idea as i have some shares i would like to put away. I do though like to save some money every year, even if it is only about £3k. Thanks in advance for any reply.

[steelwatch] 20/2/2011 21:13

ten - the £50 annual admin applies to sharedealactive, not X-O. See for yourself:



Yes, I have read the article. I have this years Maxi Isa with X-O, and shall be adding next years max allowable in April !

Incidentally, this year's X-O ISA has more than doubled. How much interest are you getting on your cash ISA?

[steelwatch] 20/2/2011 03:00

Aha! Just found this:

Sharedealing > Sunday Times Sharedealing Service:
Is it possible to combine really low commission charges with a highly efficient yet personal service? The answer is yes. Thanks to Jarvis Investment Management, the Sunday Times Sharedealing Service is able to step into the spotlight with an exciting innovative account that offers an extremely competitive fixed rate commission of just £9.50 for all your nominee share transactions, including ISA and SIPP wrappers.

•A low-cost fixed commission of just £9.50 by phone or £6.95 using the online service, per trade flat rate, no matter how large or small the deal (and the same rate applies, whether you trade by phone, fax, email, letter or via the internet).
•A consistent point of contact for all your buying and selling, inside and outside Stock Exchange hours. Why talk to a machine or a different person ever time you trade?
•FREE nominee and no inactivity fees.
•The ability to transfer your current holdings into a Sunday Times Sharedealing account. Just complete and send us an ISA or Nominee Account Transfer form and we'll do the rest.

[steelwatch] 19/2/2011 23:06

ten - I note they don't mention the X-O ISA has no annual admin charge.

[tenapen] 19/2/2011 20:18

Some coverage of Jarvis's Share Deal Active & X-O trading platforms in todays, The Times.

[steelwatch] 13/2/2011 19:56

MJ and ten - good evening! My guess is that the DRIP will be commission free, apart from stamp duty. Otherwise, dividends from small holdings would be wiped out. Presumably, such shares would be purchased direct from treasury.

[tenapen] 13/2/2011 19:28

The accompanying letter says nothing about a charge for the service. The price of the shares should be what the share price is on the day !. I would think that the shares will be credited to your account on the day the Dividend is given out ! (15 March).

Jarvis wanted your instruction no later than the 14 Feb

Regards.

[melton john] 13/2/2011 19:09

What's the deal with dividend reinvestment, when are the shares purchased, what price and any dealing charge?

[tenapen] 13/2/2011 19:01

I like my JIM account more and more :-)

as posted on the TDWaterhouse thread;

tenapen - 13 Feb'11 - 17:59 - 2327 of 2330 edit



The STANDARD Online rate is £12.50
+
Telephone Trades - The appropriate Online rate plus an additional £30 is payable on all telephone trades.
+
Account Management Fee £10 + VAT per quarter will be charged on all inactive accounts.
(An inactive TD Waterhouse Trading Account is defined as an account that, at the close of business on the relevant Quarter Date, has had no trades executed on it since the previous Quarter Date, and has a cash and / or portfolio valuation of £5,000 or less).
----------------

I think they take the p*ss !.

please have a check up as anyone paying these charges needs to be asked a few questions, mainly WHY ?

[steelwatch] 09/2/2011 16:16

ten - excellent idea this DRIP. Just opened my post.

For the benefit of those in mystified ignorance of the term, it's the acronym for "Dividend Re-Investment Plan" and I shall be joining up forthwith :-)