Jarvis Securities Share Discussion Threads

[steelwatch] 18/8/2018 17:59

ten - just sent you a message (top left next to "Logout" button)

[tenapen] 18/8/2018 17:14

Subscribe to the FT to read:

Financial Times Mifid II impact on small and mid-cap brokers fuels consolidation talk


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I don't have a FT subscription to read more, but it could be positive !.

[tenapen] 03/8/2018 18:24

Perfect :-)

Im still rocking the DRIP.

[steelwatch] 03/8/2018 15:04

Pure fluke! RNS 14:35

[steelwatch] 03/8/2018 14:04

Not long now 😀

Latest Announcement Date:9 August 2018
Ex Date: 16 August 2018
Record Date: 17 August 2018
Last Date for DRIP Elections: 23 August 2018, 3:00pm
Payment Date: 6 September 2018

[gsbmba99] 19/7/2018 15:08

New WHI note out. Revised estimates. Revenue: 18E £9.65m from £9.4m; 19E £9.8m from £9.6m. Adj PTP: 18E £4.3m from £4.5m; 19E £4.6m from £4.7m. Adj EPS: 18E 31.8p from 32.9p; 19E 33.8p from 34.2p. Dividend: 18E unchanged at 23.5p; 19E unchanged at 24.7p. "MIFIDII costs in the year as a whole are estimated at c.£500k, slightly ahead of our original expectation and the reason for adjusting the forecasts." "With the company trading well and continuing to win “Model B” clients, while adding to cash under administration and client numbers, we expect to see H2 outpace the H1 actuals." "[W]e expect JIM to continue to exploit growth opportunities and add to the client gains it has already made in 2018 notwithstanding the short-term disruptions."

[shanklin] 19/7/2018 08:39

My concern as a past and potential future investor in JIM, is why is revenue down? This is the one aspect of the results I was not expecting.

[cwa1] 19/7/2018 08:19

I must be harder to please then.

[nickk1] 19/7/2018 08:15

Margins restored and increased cash under administration with higher interest being earned on this cash. Dividends maintained and to be increased in line with profits. Very pleased with management sorting out the costs imposed on them. Excellent.

[steelwatch] 19/7/2018 07:09

The company will continue paying dividends at recent levels and increase these in line with future profits as per the dividend policy.

[tenapen] 13/7/2018 14:47

I tried to buy a big £800 worth of jarvis this morning. Three times i tried and each time i had to get a 'new quote', Needless to say i logged off. Now we are down again on a sell.

The interims next Thursday so lets hope the director talks up the company this time :-/

[montyhedge] 10/7/2018 19:43

The Share Centre 7 pounds 50p any value of contract note.

[targatarga] 09/7/2018 13:36

steelwatch.... thankyou

[tenapen] 09/7/2018 13:20

A world without paper receipts and contract nots. Make for less paper waste and a massive savings on postal costs incurred.

Two weeks until Jim's interims.

[steelwatch] 09/7/2018 12:51

Have a look at x-o

[targatarga] 09/7/2018 12:43

I was paying 1% + depending on size. Considering I was making my own investment decisions I couldn't warrant that. The brokers appear to be struggling now with clients not trading as often. imho

[steelwatch] 09/7/2018 12:00

How much are you paying now?

[targatarga] 09/7/2018 11:52

My broker changed to using jarvis recently. No longer do I get paper contract notes or other stuff. So I decided to stop using their service. Does anyone here have a cheaper broker execution only tia

[its the oxman] 09/7/2018 11:12

Been a disappointing hold for me so far. Expectations have been reduced so just hope results read ok.

[tenapen] 14/6/2018 18:30

Central costs will have risen across the sector. So at some point one company will raise prices to cover costs and it will not be long before the rest follow IMO. An extra 50p for example, on a trade will not send account holders running for cover.

I pay my Taxes and so should the dodgers.

[gsbmba99] 13/6/2018 09:26

Charles Stanley results out today. CS Direct, the execution only bit, increased revenues by 37% from £4.3m to £5.9m, grew assets under admin by 21.1% to £2.3bn and operated profitably in 2H (Oct-Mar). They now have 50k accounts. Revenue margin was 24bps up from 22bps in the prior year. It should be noted that "profitability" is wildly impacted by the allocation of "central costs".

[gsbmba99] 31/5/2018 08:48

Also of interest in the Share announcement is the Compeer data. Compeer data now includes AJ Bell, Hargreaves Lansdown, iDealing, Interactive Investor, JIM, Norwich & Peterborough and Thomas Grant. It previously only included the likes of Alliance Trust, Barclays, Equiniti, Halifax and HSBC (amongst others). Compeer data now comes much closer to measuring the "market" since it previously excluded some of the very large players. Share says that "trading volumes decreased by 4% and dealing commission declined by 7%" for the Compeer peer group in Q1. Share also says: "The peer group experienced a rise of 49% in fee income over the same period. This pronounced rise mainly reflected a change in charging rates/structures by particular peer group members." Not sure who changed their charging structure? Finally, Share says: "Interest income for the peer group decreased by 15%." They've previously commented that interest income is largely fungible for some Compeer members (probably Halifax, Barclays and HSBC) since they can set their own rates within a larger financial institution.

[gsbmba99] 31/5/2018 08:28

There's a trading update from Share today covering Q1 of 2018. They took on the certificated dealing business from Computershare last year so their 20% revenue growth overall is largely driven by M&A activity. More relevant is the trading volumes going through the Share platform which was a more modest +5% in Q1. Fee income declined 1% for company specific reasons (they sold their fund management business and transferred ACD). Interest income was +160% but they were earning a fraction of what JIM earn so not directly relevant.