Jarvis Securities Share Discussion Threads

[tenapen] 11/2/2013 17:27

Todays sell highlights the danger of holding too many JIM shares !

Someone Sold 3,099 @ 168p when the bid price was 173p :(

The above sale followed a good sized buy so its not like the MMs are full after a run of sales !.

Looking foward to the results in a couple of weeks.

[melton john] 08/2/2013 17:14

Hi everybody, I recently changed my banking to Santander and have been very impressed both with the service whenever I go into the branch and with interest and cashback on my 123 account. It's a UK bank wholly owned by Banco Santander so the usual safeguards apply. I was impressed enough to do some research and found that they pay a very good dividend which is covered by profits in spite of putting aside 18 of their €24Bn profit to provide for possible bad loans. The main thing is they are not well understood and their share price has been caned but 50% of their income is from Latin America, 25% from US and UK and only 25% from Spain and greater Europe yet they are treated with suspicion by all and sundry. Their turnover increased by 30% since the banking crisis started in 2008. They are dual listed SAN on nyse and bnc on LSE as well as other exchanges so liquidity is very good and a miniscule spread. I bought 1250 shares before Christmas, qualified for a £125 quarterly divi paid last week and sold the day before the results to net a total £800 profit including the divi. Maybe I can't do this every quarter but the divi is pretty secure by all accounts, everybody from El Presidente downwards has share options which they seem to convert and keep which is a good sign I feel. The profit taking seems to be over and I've bought back in at 50p less than where I sold so fingers crossed. I've put some other stuff on the BNC thread if you fancy a read over the weekend.

[steelwatch] 11/1/2013 15:39

...gradually reducing the sharedeal account in favour of the ISA where ever possible though constrained by the annual limit and ISA-ablity as things stand.

[steelwatch] 11/1/2013 15:34

No problem Sparks and thanks for clearing that up. I still get the benefit of reduced cost trading. Didn't realise the offer is closed to newcomers, but, as you say X-O does the job anyway. My trading a/c is with sharedealactive and ISA with X-O. Of course, if you don't trade much, they cost nothing at all to manage your accounts.

Looking forward now to the Annual Results and 1st Interim Dividend announcements next month.

[sparkstrader] 11/1/2013 15:06

thanks Steelwatch....I asked them about the discount if you held shares and they said they stopped it since x-o.co.uk came into effect.

[steelwatch] 11/1/2013 08:56

topvest - quite so :)

It's not all down to retail broking here.

[steelwatch] 11/1/2013 08:53

..oh, and also seem to recall a reduction for switching to paperless trading with an XO account @ £5.95 flat.

[topvest] 11/1/2013 08:52

Good that they cut and run early on Hubwise without losing much money. Shows the quality of management here imo.

[steelwatch] 11/1/2013 08:50

Sparks - sharedealactive account holders holding a minimum of (?) JIM shares in their account only pay £5.95 flat.

Now I can't recall what that minimum is, but seem to remember 500 shares when it started. The perk is not applied automatically, but needs to be claimed by phone. Shareholders also enjoy the quarterly dividends and reinvestment plan.

There is also DMA (direct market access) for qualifying more experienced investors, albeit at a higher dealing cost and phone only.

I certainly won't be changing brokers any time soon.

[sparkstrader] 11/1/2013 07:26

Tenapen,

I have been with Jarvis Sharedeal (at £9 flat), and still have an account with them, but moved to Iweb as they have went down to £5 flat - but you don't get leverage.

The Clubfinance deal is attractive if you trade more than once a week, and think this is the way many nimble brokers will go in due course, with costs covered upfront.

[tenapen] 10/1/2013 18:15

You should ask that question on the Brewin Dolphin Page. From memory they charge £17 a trade and a anual charge of £60,

Jarvis charge £5.95 to trade and NO anual charge

Who's the Mugs.

[sparkstrader] 10/1/2013 12:42

I wonder how Jarvis/X-O will react to Clubfinance charging 50p a trade, with annual charges of £100...?

[tenapen] 09/1/2013 15:54

The Santa rally continues with the banks joining the fun today. Volumes should be up which will be good for JIM. Long may it continue.

[tenapen] 04/1/2013 17:46

Happy New Year Steelwatch, All,

I'm hoping for another solid year with JIM.

Also looking forward to reading the final results to see where the growth came from to allow them to UP the divi so much.

Best Wishes for 2013.

[steelwatch] 04/1/2013 13:00

Around 6/8 weeks to Final Results and 1st Interim Dividend announcement...

[tenapen] 14/12/2012 15:56

my holding is building up nicely :)

Cheers

[steelwatch] 14/12/2012 14:55

DRIPs in ladies and gentlemen ☺

[tenapen] 11/12/2012 20:42

The link does not agree with my thinking that interest rates will rise later in 2013. They will have to at some point, once inflation takes a hold !.

Cheers.

[steelwatch] 11/12/2012 18:53

ten - just saw this too.

[steelwatch] 11/12/2012 07:20

Jarvis has been informed that, on 10 December 2012, Sion Securities Limited ("Sion"), a company in which Mr Andrew Grant has a controlling interest, sold 58,250 Ordinary Shares of 1p each in the Company ("Shares") at a price of 170p in order to meet demand in the market.

...could be to supply the DRIPS?

[steelwatch] 10/12/2012 18:31

Not long now for us squirrels to gather some more nuts...

[topvest] 15/11/2012 19:10

Blimey - just noticed the 18% increase in the quarterly dividend. That's very bullish given that we all know the industry trading volumes are very subdued. Excellent little company this one!

[tenapen] 15/11/2012 18:12

Hi John,
My big 140 @ 172.5 buy at the closing bell is also showing as a sell.

It will be interesting to know what caused the rise in profits leading to a rise in the Dividend !. Time will tell.

[melton john] 15/11/2012 11:02

Why buys are showing as sells, goodness knows. I've just checked and you can buy 1000 at 171