Jarvis Securities Share Discussion Threads

[steelwatch] 19/5/2017 13:03

ten - I've decided to come off the DRIP, (for the time being at least).

[montyhedge] 19/5/2017 12:54

tenapen
You will be a rich drip, these look good.

[tenapen] 18/5/2017 19:03

Jarvis Investment Management has been appointed as an 'intermediary' for the forthcoming AEW UK Long Lease REIT Initial Public Offering.


1; Arix Bioscience plc
2; LXI Reit plc
3; Versarien plc
4; Premier Afican Minerals plc
5; Downing .... plc
6; Jupiter Emerging & Frontier Inc Trust
7; Tritax Big Box REIT plc
8; Global Ports holdings plc
9; THE PRS REIT plc
10; AEW UK Long lease REIT

[tenapen] 18/5/2017 17:45

I'm a DRIP ! and loving it

:-)

[melton john] 18/5/2017 10:54

Absolutely, this is what used to be my cash ISA until last year when the yield was about 6%. A long term hold for me, shame that the reinvested divi doesn't buy so many shares but never mind, promise of very good final results.

[montyhedge] 18/5/2017 09:21

Still nice to have cheque on doormat every 13 weeks.

[melton john] 18/5/2017 08:42

Xdiv today.

[tenapen] 17/5/2017 07:12

Brewin Dolphin followed Jarvis in releasing a strong set of results this morning. Plenty of 'organic' growth in the sector.

[tenapen] 14/5/2017 19:13

After the global cyber attack on Friday, There was no better weekend for Jarvis to have worked on its security. We will see if the markets start lower tomorrow ! any sell off will be good for trade volumes. Don't i just like holding Jarvis.




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[montyhedge] 12/5/2017 08:46

Jarvis is now the admin for my broker, seem very efficient.All being well with the business they are picking up from various companies. I see 990p for the future.

[topvest] 11/5/2017 19:11

Great company this. Happy days!

[broadwood] 11/5/2017 14:24

I jumped in at the off.


- Jarvis Securities expects pre-tax profit for the year ended 2017 will be significantly above current market forecasts.

Jarvis said pre-tax profit for the four months to April had increased significantly compared to the corresponding period last year.

It said during this period revenues had increased 25% driven by organic growth in the business and improved market conditions.

In the same period costs had increased 7%.

The company said the board had declared a second quarterly interim dividend of 6p per share, to be paid on 8 June to shareholders on the register on 19 May.

Chief executive Andrew Grant said: "I am delighted to be able to announce such a positive trading update.

"Market volumes have remained consistently buoyant since the conclusion of the Brexit referendum and we continue to add both institutional and retail clients to our business.

"For our shareholders a growing business means growing dividends, and we anticipate the total 2017 dividend payment will be well above current market expectations."

[4spiel] 11/5/2017 10:35

One of the best!

[firtashia] 11/5/2017 10:26

Been on my watch list for a while & bought in first thing this morning. What I like is the relative paucity of broker coverage of a company obviously trading well, leading to the possibility of further earnings upgrades surprises. Bought using my X-O account, I've got to get the commission back somehow, hopefully ;-). GLAH.

[gsbmba99] 11/5/2017 08:51

Are you able to post the detail of the revised forecasts? Mine was just a guess.

[nickk1] 11/5/2017 08:44

gsbma99 interesting that the house broker is forecasting an updated 22p div and a price target of 550p. Very positive update from them. Buy.

[shanklin] 11/5/2017 08:32

Up 41p seems a very modest rise in the circumstances.

[cwa1] 11/5/2017 08:27

Happy days are here again chaps :-)

[tenapen] 11/5/2017 08:16

I have no words .... Speechless


:-0

[steelwatch] 11/5/2017 07:59

The gift that keeps giving :o)

[gsbmba99] 11/5/2017 07:34

Quick calculation. Assuming 25% revenue growth and 7% growth persists for entirety of 1H17, that would point to £3.927m * 1.25 = £4.909m revenue and £2.218m * 1.07 = £2.373m of costs for EBIT of £2.535m * 0.8 = £2.028m net income or about 18p diluted EPS in 1H17. 2H16 diluted EPS was 14.1p so conservatively assuming 0% 2H growth would be about 32p EPS for FY17. Since they usually pay 66% in dividends would suggest about 21p dividend for FY17 not out of the question or they hold it in reserve for a rainy day.

[nickk1] 11/5/2017 07:16

What a brilliant trading statement. Well done JIM. Should be back up to £5.00 and beyond.

[gsbmba99] 11/5/2017 07:07

Dividend declaration and trading statement ( Dividend of 6p declared (+41% on same period last year). "The Board is pleased to announce that pre-tax profit for the four months to April 2017 has increased significantly compared to the same period in the prior year. During this period revenues have increased 25% driven by organic growth in the business and improved market conditions. In the same period costs have increased 7%." FY17 pre-tax profit forecast to be "significantly above" current market expectations and "the total 2017 dividend payment will be well above current market expectations." Very impressive.