Jarvis Securities Share Discussion Threads

[dashton42] 25/2/2013 12:31

Excellent - I must admit I thought Investors Chronicle were going to ignore the results, as per usual.

That explains today's rise then!

[blondeamon] 25/2/2013 12:12

Just tipped by the famous Simon Thompson from IC:

"Imagine being able to buy an income share offering a yield of well over 5 per cent and with prospects of the company growing earnings and dividends in double-digit rates in the years to come. And don't for one moment think that the current dividend is not well covered by net earnings. In fact, it was covered a healthy 1.5 times last year and will be in the future, too, because the board has pledged to pay out two-thirds of the earnings as dividends.

..........

Target prices

WH Ireland upgraded its target price 12 per cent to 280p post the results, but I have a fair value estimate of 260p, which would provide us with 18 per cent share price upside over the next year and dividends worth almost 6 per cent of the current share price to produce a total return of almost 25 per cent. If achieved by this time next year, the shares would be rated on 13 times 2014 earnings estimates and offer a forward yield of 5.3 per cent. On a bid-offer spread of 217p-220p, Jarvis shares rate a medium-term buy."

just a small passage from the article not all of it.

This is going to the moon!

[steelwatch] 23/2/2013 10:33

Jarvis Securities PT Raised to $4.27 (JIM)
February 21st, 2013 - by Jeff Wilder

Equities research analysts at WH Ireland Ltd upped their price target on shares of Jarvis Securities (LON: JIM) from $3.81 (250 GBX) to $4.27 (280 GBX) in a research note issued to investors on Thursday. The firm currently has a "buy" rating on the stock.

Jarvis Securities traded up 11.83% on Thursday, hitting GBX 208.00. Jarvis Securities has a 52-week low of GBX 160.00 and a 52-week high of GBX 198.50. The stock's 50-day moving average is currently GBX 177.7.

Jarvis Securities Plc is a holding company. The Company offers a range of stockbroking services to both retail and institutional clients.

[topvest] 21/2/2013 13:59

Great company this one. No glossy annual report, just a very informative analysis of the numbers. Great dividend play. Good prospects as the revenue growth will mostly fall straight down to a higher profit. When you consider they are being hit significantly by a lack of interest income on their cash pile, which one day will change for the better, this must have very good medium term prospect.

[dashton42] 21/2/2013 09:14

Yes, the market likes the results so far - up 12% at the moment, on a tough morning for the markets generally.

Personally, I would have liked to have seen a bit more "meat on the bones" of the Chairman's Statement - it was a model of brevity. Still, I can't fault the numbers, or the optimistic tone.

[steelwatch] 21/2/2013 09:07

Strong hold too. Looks like there will be a handsome dividend into the foreseeable future.

[nickk1] 21/2/2013 09:01

Very good results. Andrew Grant very confident for the future. Great share for a steady income payable 4 times a year.Worth 280p. Strong buy.

[steelwatch] 13/2/2013 08:47

2.5p this time last year, followed by 2.75, 2.75 and 3.25, so augers well for the rest of this year by the looks of it.

[tenapen] 13/2/2013 08:41

:)

nice.

I will read deeper later.

[steelwatch] 13/2/2013 08:10

DRIP, DRIP :)

Final date for elections for reinvestment of the first quarterly interim dividend is 28 February 2013. Any shareholder requiring further information should contact the Company.

[tenapen] 11/2/2013 20:47

Hi Steelwatch,
With the Santa rally looking like it could last all the way to the Easter bunny, i am thinking, indeed expecting trade volumes for the last quarter to be a reacord for JIM. Not long to wait to find out.

Regards.

EDIT; NOT last quarter of the year but the First quarter of the year 2013.

[steelwatch] 11/2/2013 18:06

Good point ten. Always set a limit and don't settle for "at best" when it comes to it. Personally hoping for an irresistable buy-out a year or two down the road...

[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.