Jarvis Securities Share Discussion Threads

[tenapen] 15/2/2018 20:14

With all due respect, you whinge over lunch ! or you get a twitter account like Pres Trump and let off steam.

I pay my taxes and so should the dodgers.

[topvest] 15/2/2018 19:13

Think the tone is a whinge about the stupid European legislation that is increasing the cost base. I don’t think that Jarvis are alone in raising how stupid all of this is! Think they will manage the costs as cautiously as they have in the past. Very happy to hold. The quarterly dividend is the biggest signal on this company and that is still onwards and upwards. My only regret on this company is that I haven’t bought a bigger holding!

[tenapen] 15/2/2018 19:07

:-)

Ok a wee fall for the XD but what was the Chairman thinking ?.

I have no words, speechless.

Im still loving the DRIP.

Regards.

[steelwatch] 15/2/2018 18:19

....not to mention, as things stand, you get a little extra bang for your DRIP 🌝

[steelwatch] 15/2/2018 18:06

ten - peace brother. I did say "partly due" and it isn't at all unusual for stocks going xd to pull back. Down 8.8% on the day is hardly smashed old chap, is it?

[steelwatch] 15/2/2018 15:21

The drop this morning is probably partly due to the stock going XD today with the dividend tarts closing out and moving on to the next victim.

[rogash] 15/2/2018 13:30

This thread is very negative. I am surprised that other financial like Numis aren't down.

[gsbmba99] 15/2/2018 10:43

Maybe worth rewinding 12m to see what the forecasts looked like at this point last year. Revenue - £8.3m (16A), £8.5m (17E), £8.7m (18E). EPS - 27p (16A), 27.9p (17E) and 28.5p (18E). The progression following a 2H16 that saw HL. report about 50% growth in customer trading was muted growth. I get the impression the outlook at the beginning of the year is more or less +1-2% on the prior year until they have a better understanding of what they year is going to look like.

[shanklin] 15/2/2018 10:26

So its gone from a growth share to an annuity, with what is currently a 5% yield.

[martinthebrave] 15/2/2018 10:11

Reluctantly sold for 484.5p for just a 3% profit. Having re-read today's RNS it is pretty gloomy about immediate prospects. Having already exited #IPX & #PAM I am now out of the sector. MIFID II & GDPR are proving troublesome!!㈷6; I guess there is also the 5p Divi as #JIM went XD today. GLA.

[gsbmba99] 15/2/2018 10:04

WHI note out. 2018E forecasts virtually unchanged. 18E Rev £9.4m (was £9.5m), adj PTP £4.5m (was £4.6m), adj EPS 32.9p (was 33.2p) and dividend 23.5p (was 23). New 2019E forecast introduced: Rev £9.6m, adj PTP £4.7m, adj EPS 34.2p, dividend 24.7p. Note available through the Jarvis website WHI portal link. The 18E dividend forecast already looks light - 23.5p was last year's number. If Q2-Q4 dividends unchanged, 18 would be 24.25p given 17.7% increase in Q1. Others will know better whether declines in the quarterly dividend have occurred.

[tenapen] 15/2/2018 08:43

I have no words,

speechless

:-(

[shanklin] 15/2/2018 08:42

Thankfully I sold 1/3 of my holding before the results as I was a bit overweight here and concerned about the lack of liquidity.

Very surprised by just how negative the wording was today and accordingly have sold the rest of my holding at a small loss. I wonder if we are going to see EPS go down slightly this year as JIM absorbs the additional costs mentioned.

[its the oxman] 15/2/2018 08:37

Should drag itself back above 500p by the close hopefully. Added a few more.

[its the oxman] 15/2/2018 08:27

No talk as previously has been the case, of the next interest rate rises which look even more likely given boe comments and the significant boost to profits if might bring, Excellent opp to buy sub 500p though,

[gsbmba99] 15/2/2018 08:15

I will be interested to see what, if anything, happens to WHI forecasts. Hard to tell whether the rhetoric on costs and ability to maintain growth in the future is warranted or overly cautious. Somewhat surprisingly, I have their net interest margin having contracted from 190bps to 180bps. Makes the revenue performance more remarkable given they were still facing headwinds for interest income. Payout ratio was 72.5%, up from 66.3% which may tell us that, in lieu of a special, we may get a higher payout ratio. Interesting commentary about the company not being small anymore. We did get a a little more disclosure - fees and commissions now reported separately - but more would be welcome. Company also reporting cash balance (excl settlement of market transactions) of £5.2m vs. £3.4m last year. Despite higher payout ratio, cash still accumulating.

[essential] 15/2/2018 08:14

Yes very negative wording

[martinthebrave] 15/2/2018 08:05

Decent numbers today but the words within the statements were so negative. Doesn't bode well for the share price today!

[its the oxman] 15/2/2018 08:05

Strong results, market reacting initially to talk of higher cost but higher interest rates will be beneficial and more growth to come. So hope it will recover and move higher.

[steelwatch] 15/2/2018 07:47

I am delighted to report that 2017 has been the most commercially successful year at Jarvis by some margin. Market conditions have remained favourable and we continue to expand both the commercial and retail arms of the business. Cash under administration has also grown. The share price, whilst volatile, is trading in a much higher range than this time last year

[nigelmoat] 14/2/2018 07:49

Finals due here tomorrow and expecting some good numbers. Any thoughts on a possible special divi payment?

[tenapen] 08/2/2018 11:09

Perfect :-)

Nice to see the rolling header Steelwatch.

Looking forward to next weeks results ..... as always.


Regards.