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JIM Jarvis Securities Plc

66.00
5.00 (8.20%)
Last Updated: 13:06:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jarvis Securities Plc LSE:JIM London Ordinary Share GB00BKS9NN22 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  5.00 8.20% 66.00 76,455 13:06:23
Bid Price Offer Price High Price Low Price Open Price
64.00 68.00 66.00 61.00 61.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 13.07M 3.98M 0.0890 7.42 29.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:56:44 O 1,497 66.80 GBX

Jarvis Securities (JIM) Latest News

Jarvis Securities (JIM) Discussions and Chat

Jarvis Securities Forums and Chat

Date Time Title Posts
26/4/202414:34JIM - JARVIS SECURITIES PLC - Online Broker3,541
10/12/202306:37good investment5
28/7/201710:16jim interest-
21/11/201514:02THE ZULU PRINCIPLE 2003-4 - JIM SLATER STOCKS229
16/6/201014:15Stockbroker with Newspaper deal1

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Jarvis Securities (JIM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:56:4666.801,4971,000.00O
13:40:4467.881812.22O
13:15:1664.13376241.11O
12:42:2366.801,8861,259.85O
12:41:4766.804,4762,989.97O

Jarvis Securities (JIM) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Jarvis Securities Daily Update
Jarvis Securities Plc is listed in the Security Brokers & Dealers sector of the London Stock Exchange with ticker JIM. The last closing price for Jarvis Securities was 61p.
Jarvis Securities currently has 44,731,000 shares in issue. The market capitalisation of Jarvis Securities is £29,522,460.
Jarvis Securities has a price to earnings ratio (PE ratio) of 7.42.
This morning JIM shares opened at 61p
Posted at 26/4/2024 09:04 by ih_818120
Great to see all the JIM share buying and a rising share price

Mmmmmmmm !
Posted at 24/4/2024 12:47 by qg holdings
Thanks for that info MJ.

In response to how will JIM make money from interest, the model is simple. Basically a certain percentage of cash is kept in an account for settling trades (think of this as a current account that doesn't pay interest), the remaining cash is kept in a different account(think of this as a savings account that does pay interest). Therefore with rates staying higher for longer returns on interest will stay higher for longer.

The FCA have been primarily concerned with looking for companies that are "double dipping", this happens when a brokerage collects income from interest AND either charges clients to have an account or charges interest on cash balances. JIM do not charge for cash balances or a monthly fee, therefore they are not "double dipping". Also it's hard to suggest they don't offer value to their customers when the price per trade is a little under half the charge from Hargreaves Lansdowne.

I have noticed various commentators/traders on Bloomberg and CNBC have recently been talking about the UK markets being good value and an opportunity for investment. This is in contrast to last year when very few expressed this opinion. The FTSE 100 breaking new highs suggests new money is entering the UK markets and animal spirits are returning. This can only be good for JIM as it will help increase trading activity by market participants.

We have seen a high ratio of buys to sells in the last few days which also suggests the market I waking up to both the dividend and value proposition JIM offers at these prices, which I believe to be materially too low. Hence the investment.

With regard to the share price coming down from it's all time high, I don't think it is fair to blame the UK coming out of lockdown and a subsequent drop off in trading activity across private investors on the Jarvis management. It is merely a consequence of people being allowed to go about their normal day to day business, and not being effectively under house arrest. I'm not suggesting this will rerate back to 350p,we are unlikely to see another COVID event in our lifetime. I do however see fair value at 150p-200p depending on how well the management navigate the next 2-3 years. I can collect and compound a very healthy dividend while I wait.

I understand some people will be upset at having bought in at a higher price. Trading can be tough, however it is always best to stay as emotion free as possible and to think logically about the current and future situation. None of us can change the past, by definition it has already happened. The future earnings and dividends suggest this stock is too cheap by most metrics and is therefore worth an investment.

I understand why some of you may want a lower price, I have been doing this for decades. The trouble is now the dividend has been reinstated sub 50p is an absurd target. For what it's worth I suspect there is a chance the dividend for this quarter may go up above the 1.75p, which I maintain as my base case scenario, I put the probability of another dividend skip at below 5%. The trading volumes and cash balance easily supports another quarterly dividend. Also worth bearing in mind JIM has a very good track record on paying regular quarterly dividends. One swallow doth not make a Spring...

I hope you all have a profitable day and may the FTSE 100 march higher still.
Posted at 23/4/2024 08:35 by qg holdings
Good morning steelwatch, sorry for the delayed response. I wanted to add to my position before letting people know how the AGM went, and had a few trading partners to inform first. The curious movement down in the share price the last few days allowed me to add to my position.

The mood of the room was relaxed and reasonably positive considering the general sentiments surrounding JIM this past year. It sounds like we are through the worst of the current FCA situation. Luckily not many members were in attendance so we were able to ask quite a few questions each and gained some interesting information.

I will keep it brief as I have a tendencies to digress. Trade volumes are materially up on last year (circa +20%). The FCA investigation is going well and should draw to a conclusion before the second half of this year, JIM has not been specifically picked out for investigation, the FCA have been reviewing the sector as a whole. We discussed perhaps using some of future dividend hikes to repurchase shares while the MCAP is disconnected from the true value of the business. We discussed the future cost savings from streamlining the business. We discussed potential ways to increase clients and market share. All resolutions were passed easily. Mr Grant seemed calm and philosophical, he answered all questions comfortably and seemed upbeat regarding the future of the company. There are potential new model B clients and private investor balances and numbers are slightly up on last year, there has been no flight by the client base. Model B clients have remained stable since the clear out.

In summary there has been a lot of unfounded scare mongering on this company, while it has benefitted me allowing me to massively reduce my average price paid and increase the percentage of the company I own, I feel those wishing to enter at a lower price/close short positions only have a couple of weeks timeframe before the stock price goes significantly higher when the next dividend is announced on the 9th May.

I am bullish, I see an excellent dividend, significant upside, a potential takeover by a larger rival (Mr Grant says he is openminded on this matter), and earnings growth as 1)the sunk cost of the skilled person review will no longer hamper the bottom line, 2)trade volumes are up 3) the interest rate is still favourable to the business model and will remain so for longer than most anticipated.

I hope this information is useful to you.
Posted at 19/4/2024 16:01 by tenapen
He was hopeless.

Going back to his rant in the chairman's statement about the MiFID rules and the added costs, leading to a crash in the share price at the time.

Then we had the IMHO the pointless four to one share ...... Why ? Because the nodding head board didn't think people would buy JIM shares at a higher price. They got that bit right. The added expenses of the changes for no reason.

Shames they didn't keep their eyes on the regulations rather than the share price, we wouldn't be in this mess.

No lose to see him go.
Posted at 17/4/2024 16:38 by cwa1
Jarvis Securities plc



("Jarvis" or "the Company"

And with its subsidiaries the "Group")



Strategic Update



The Directors of the Company provide the following strategic update on the Group:



The Group will be 40 years old in June 2024. It was founded and has continued to be led by Andrew Grant. Andrew is now working to strengthen the senior management team of the Company's operating subsidiary, Jarvis Investment Management Limited ("JIML") to help facilitate his retirement. There are no planned changes to the management of Jarvis itself, but there have been, and will continue to be, changes at board and senior management level of JIML. These changes at the operating level are intended to enable a smooth transition, and for Andrew to take a step back from that business over a gradual period.



The Directors confirm that Kieran Price will remain as Finance Director of the Company and Steve Middleton will remain as a non-executive director of both the Company and JIML.



A recruitment process to identify and select Andrew's successor as Managing Director of JIML will be carried out with a number of specialised agencies and it is intended that Andrew would retire from JIML by 31st March 2025. In the interim, with effect from 1 May 2024, Will Kett will be appointed as deputy MD of JIML to assist with the handover of relevant responsibilities.



At this stage, and as set out above, Andrew Grant does not intend to retire from, and will remain as Chief Executive Officer of, Jarvis; which, as parent company of the Group, will retain oversight of the Group.
Posted at 26/3/2024 14:43 by graham10k
Thrugelmir. Thanks for your interest. My concern is,"what happens if JIM should go out of business" and therefore the impact to clients accounts.
I hold a stocks & Shares ISA with JIM value >£250k and therefore if JIM were to fail what protection is there? £80k?
I have found the below communication with Martin Lewis that answers my questions and therefore it seems a good move to exit JIM!
Posted at 09/2/2024 16:17 by tenapen
Sorry your contract ended Jody

We are on countdown to next weeks 1st quarter dividend declaration date .... see if Jarvis declare one and what amount it will be, if they do.
As I am still signed up for the DRIP, so a share price in the gutter is good for my tally if the share price ever recovers ! .....

but this company ..... :-/


2024
Q1 2024
Latest Announcement Date: 15 February 2024
Ex Date: 22 February 2024
Record Date: 23 February 2024
Last Date for DRIP Elections: 08 March 2024, 3:00pm
Payment Date: 19 March 2024
Posted at 09/2/2024 05:58 by tenapen
Not even a £500 buy from any of them to show the slightest bit of confidence that Jarvis has a future since their mistakes crashed the share price. Hence the share price is flat in the gutter, while the other listed broker move higher.
Posted at 31/10/2023 16:32 by tenapen
No clinging Thug.

I will continue to take the discounted drip in the expectations JIM will recover. If you had been here before the investigation RNS you would be aware that the jarvis management have a habit of shooting itself in the foot and trashing the share price I have confidence the share price will recover again. I will though sell some into the rising price .

Tell me Thug why did you suddenly start posting here as the font of all jarvis knowledge, just after the investigation RNS. You alone have backed the company and knocked back any dissenting posts ?.
Posted at 08/10/2023 14:23 by tenapen
I notice that chartists are buying JIM shares thinking c100p will prove to be a floor for the share price. I hope so also, but I'm not sure if charts can measure hopeless management! and my word Jarvis management are hopeless. So we will see if 100p holds and if it doesn't.......

In dark times as this, it good to find something to smile about and I found my smile remembering how the Jarvis management decided they didn't want a c800p share price as no-one would buy the shares at 800p So they had on a 1-4 share spit. They got what they wanted - we now have a cheap share ! at today's price c102p and yet no investor wants it.

Hopeless is has hopeless does JIM
Jarvis Securities share price data is direct from the London Stock Exchange

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