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JIM Jarvis Securities Plc

52.00
-0.50 (-0.95%)
Last Updated: 08:00:00
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
  -0.50 -0.95% 52.00 4,993 08:00:00
Bid Price Offer Price High Price Low Price Open Price
50.00 54.00 52.00 52.00 52.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 13.07M 3.98M 0.0890 5.84 23.48M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:08:37 O 4,993 51.40 GBX

Jarvis Securities (JIM) Latest News

Jarvis Securities News

Date Time Source Headline
14/11/202407:00UK RNSJarvis Securities plc Dividend Declaration
25/10/202409:25UK RNSJarvis Securities plc Holding(s) in Company
25/10/202409:24UK RNSJarvis Securities plc Holding(s) in Company
25/10/202409:22UK RNSJarvis Securities plc Holding(s) in Company
25/10/202409:19UK RNSJarvis Securities plc Holding(s) in Company
23/10/202411:41UK RNSJarvis Securities plc Director / PMDR Shareholding
30/8/202416:08UK RNSJarvis Securities plc TR - 1
30/8/202411:02UK RNSJarvis Securities plc TR - 1
30/8/202411:00UK RNSJarvis Securities plc TR - 1
30/8/202411:00UK RNSJarvis Securities plc TR - 1

Jarvis Securities (JIM) Discussions and Chat

Jarvis Securities Forums and Chat

Date Time Title Posts
21/11/202409:33JIM - JARVIS SECURITIES PLC - Online Broker3,781
10/12/202306:37good investment5
28/7/201709:16jim interest-
21/11/201514:02THE ZULU PRINCIPLE 2003-4 - JIM SLATER STOCKS229
16/6/201013:15Stockbroker with Newspaper deal1

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Jarvis Securities (JIM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:08:3851.404,9932,566.40O
2024-11-20 16:24:4953.002,5001,325.00O
2024-11-20 16:00:3752.053,5711,858.71O
2024-11-20 15:57:1053.901,000539.00O
2024-11-20 15:49:5252.058,9994,683.98O

Jarvis Securities (JIM) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 52.50p.
Jarvis Securities currently has 44,731,000 shares in issue. The market capitalisation of Jarvis Securities is £23,260,120.
Jarvis Securities has a price to earnings ratio (PE ratio) of 5.84.
This morning JIM shares opened at 52p
Posted at 06/10/2024 08:32 by tenapen
tenapen2 Oct '24 - 17:23 - 3725 of 3741 Edit
0 0 0
Hi purple 11,

I can't imagine on what fundamentals you decided to buy JIM. Other than a share price that is in the gutter. Buying before the conclusion to the FCA investigation is just a gamble. Even without a FCA fine for wrong doing the final bill will be eye watering. After nine months the bill was £1.3 million, we are now at month 25 . Ultimately we the shareholders will be paying for Grant and board taking their eye off of the running of the company. I still find it so lucky for the saked FD to have been selling his shares before it went belly Up. I wish I had his luck or timing. Hae ho - it's not like me to moan.

Good luck to you.

------

The key words are. " EVEN WITHOUT a FCA fine" ...

Time tells all.

Good bye
Posted at 02/10/2024 16:23 by tenapen
Hi purple 11,

I can't imagine on what fundamentals you decided to buy JIM. Other than a share price that is in the gutter. Buying before the conclusion to the FCA investigation is just a gamble. Even without a FCA fine for wrong doing the final bill will be eye watering. After nine months the bill was £1.3 million, we are now at month 25 . Ultimately we the shareholders will be paying for Grant and board taking their eye off of the running of the company. I still find it so lucky for the saked FD to have been selling his shares before it went belly Up. I wish I had his luck or timing. Hae ho - it's not like me to moan.

Good luck to you.
Posted at 13/6/2024 15:41 by tenapen
I'm such an idiot D'ho - I forgot to mention how my negative posts are not ment to and they haven't moved the Jarvis share price. Circa 60p has been the floor / ceiling since December 23. So to accuse me of trashing the share price is up there.

You don't think much of me John, but this pales as to what I think of the silent holders. Jarvis took thier eye off the running of the company, leaving us in this mess. Grant and the board don't even have the gumption to say sorry and yet your silent. Do something proactive and contact the FCA ..... at least register some emotion to the report being three months and two weeks late .... !.
Posted at 13/6/2024 10:29 by melton john
I'm sure you have heard the expression "useful idiot" tenapen. It means when someone is doing something wrong to your advantage, you don't stop them. No offence meant but your continuing negativity is a great help to those who might benefit from a low share price or wish to blacken the reputation of Jarvis. I'm obviously disappointed I didn't take more money off the table at the start of this bear market but I was happy to carry on collecting dividends here and I still maintain the fall in share price is not primarily the fault of Jarvis management. To that end I've gone over my records of buys, sells and dividends re-invested to see how it has measured up against my objective seven years ago to get a better return on a cash ISA paying peanuts. Being only moderately active in selling the peaks and buying the dips I am pleased to say that the difference between the cost of buys and income from sells and divi's works out at half of the current value of the shares. Using the rough and ready compounding formula that you will double your money in Y years at X% where X times Y equals 70; that works out to about 10% per annum. To be in that position at the end of a bear market is something to be applauded I think and I'm looking forward to a return to more optimistic times soon. If you have chosen a different path to a small amount of trading using the tax break of an ISA, that might account for your differing view, but you can't blame anyone else for that.
Posted at 11/5/2024 10:37 by petersinthemarket
I note that JIM will go xDiv for 1.5p on Thursday 16th May (I hold). I want to add and I am wondering whether to buy just before or just after the xDiv day. Unfortunately, I don't have records of previous xDivs. What I want to know is what the usual past reaction of the JIM share price to xDiv days has been. Does the share price fall only by the Div value, or more/less. Can anyone help here? Thanks.
pete
Posted at 10/5/2024 18:12 by tenapen
John Melton,
Your unhappy with me posting facts and yet you have no comment to posters calling out a Jim share price spike to 100p !. Pure fantasy given the growing investigation into Jarvis. The FCA report is now well over 2 months late ,...... I am just being a good citizen and flagging the long delay to anyone who may read the above fantasy and get sucked in.

And something for the weekend;

Andrew Grant is to step aside from being the CEO, but he isn't going anywhere, so he will still be getting paid. His replacement will want to 'at least'match Grant's renumeration package. So the company's mistakes are not just hitting us with the cost of the FCA investigation . We will now paying yet another high wage / bonuses into the future, and yet no 'sorry' from grant or the nodding heads.

Emoluments & Benefits in kind
Directors - Andrew J Grant £ 368,633
Posted at 09/5/2024 05:08 by tenapen
.... and yet your happy for a new poster to ramp up any prospects of the Jim share price going higher ... While we await the two months overdue report.

Flagging up so no one gets sucked in to this three legged donkey.
Posted at 24/4/2024 11:47 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 19/4/2024 15:01 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 15:38 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.
Jarvis Securities share price data is direct from the London Stock Exchange

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