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Divi up 22% from last year
bryaz, you are right. ST in the Chronicle:
"Underpinned by a healthy 4.9 per cent prospective dividend yield, and rated on a forward price/earnings (PE) ratio of 17.5, I am raising my target from 330p to 375p. Buy."
I hope he is right.
i suspect its Simon Thompson great believer in this share
as i am
Yes, it seems some scribbler seems to think the SP could easily hit 3.50
I haven't seen it myself but I've been told there has been a puff for JIM in the Investors Chronicle today.
Makes sense as the shares are up nicely after 2 weeks doing nothing.
Roy/eccles
No complaints from me either, a very satisfactory end to a great year
There are not many places you can get a 10% return these days but that is exactly whatI have had from JIM this year, WOO HOO! MInd you that is calculated on my costs which are a bit lower than the present SP.
Royc
Who knows ?
You could be correct, I for sure, would be very very happy with 4p...
No change announced to IHT Barchid, I m hoping for a 4p divi announcement next month. Last year was a 44.25 Tot divi last year, so a 14p divi tot this year will be brilliant
Good numbers from AJ Bell today, I'd have hoped it might run over into Jarvis...
Eccles
Rather a lot of cash on the B/S at present I fancy and despite HL saying recently that people returning to work will mean their platform will be used less, my fancy if that JIM makes a lot from the back office work which is farmed out to them, especially compliance. However a second special in the same financial year is a bit on the hopeful side to me, not that I wouldn't be delighted to be proved very wrong !
Ah but there has not been a "special" lately except for the one we had in July which was actually not from normal profits. I would just love to know how much cash is on the balance sheet at present.
ed
Agreed, very quiet, deathly even....
Q4 announcement due on or before 11Nov to go XD on 18 Nov.
Last year it was 3.125p I seem to recall, so not long to wait, I wonder if we might see 3.5p this year, that would certainly be rather pleasant eh ?
Quiet on this board for a while... When's the next date for this share?
Roy
No bowing is needed thanks very much !
My point was that as there is a premium (unknown how much) on IHT free stocks that if they were no longer eligible the price would tumble sharply.
My guess is most posters here are in & out investors but a lot of others read the board & do not post which is why I wanted to clarify the position.
Of course HMRC can end the scheme at any time but that is a different issue & for sure JIM are aware and seem keen on keeping themselves eligible.
Barchid, I must apologise to you about Jarvis being IHT free, I've since found that information, and it is in fact IHT free. So I bow to your knowledge on the subject, and apologise if I've caused concerns to readers.
We ALL know that HMRC may not approve something, but at present it certainly appears that IHT exemptions have been going through smoothly, else the Chairman & Board would never have put that paragraph in.
Remember I did say, nothing is certain in life ?
That is why I said it. I am well aware of HMRC IHT rules but what you are ignoring is the fact that although investment co's are excluded, generally, JIM never deals for its own account so is considered as a service company, which is exactly what it is.
Whether you intended to frighten fellow posters or not it is quite obvious that more than a few on here will be holding to use JIM as an IHT relief thus I respectfully suggest that you check your facts more thoroughly before you imply that experts like Wealth Club or an IHT specific ISA trust are unaware of the rules really was a little out of order, IMHO.
DYOR (properly)
Right Barchid, I think you are getting a bit grumpy.
I don't intend to frighten readers, but merely state what is HMRC guidelines, and by the way the adviser was not a pal, somebody I met at a trustee meeting. I will now write down a statement, if there is room on this slot. If you include your email, I will send you a screen shot of actual written comment. Which I searched on the net.
HMRC has a set of ruies to determine the type of company. Must be trading and must not be listed on a main stock exchange, either UK or abroad. The most notable exclusions are, companies that mainly deal with investments, land or buildings and foor non profit.
However the HMRC does not provide a list of companies, instead it assesses the company retrospectively when a claim for relief is made (during probate process). HMRC will confirm if the companies of which the deceased was a shareholder, qualifies for. BPR and subsequently be passed on free of IHT.
So make of that what you will. It appears to me defined, but I do have an open mind. Some would consider it a grey area, which I believe the HMRC would play on in these desperate times. I value yours and others comments. Cheers
Roy
In the absence of your ability to produce an "expert" showing that JIM is not IHT free I wonder if you would consider a letter from the Jarvis BoD ?
When JIM placed their shares via PrimaryBid in April this year there was a long EGM document & on page 11 was a letter from the board, part 2 of that letter has 3 paragraphs, the middle para states that by paying dividends which reduce excess cash balances will also support the companys eligibility to retain its BPR under current IHT rules.
Whilst nothing is ever certain in life that is good enough for me. Hopefully this will draw the rather tedious conversation to a close, however IHT relief is a very valuable reason for individuals or IHT funds to hold stocks like JIM and if the rules change negatively in the future it is far better to know facts about your investments rather than other people guesswork.
Well watch this space, perhaps a expert will reply
Yes I did read that but does this company trade in securities or does its customers do that & they simply supply the technology ?
Please read what I write & try to be open minded.
If Wealth Club & a leading IHT aim fund believe they are exempt why are you trying to scare the pants off of people who own it ?
Your friend, an ex HMRC man, turned IFA, doubted that they were IHT free. he could be right, he could be wrong.
But you are putting your friends opinion in front of Wealth Club who specialise in investment tax saving issues and a major IHT free fund.
You know as well as I do, that as I stated clearly earlier that these matters are never 100% certain, yet you pit your (sadly) deceased friend against 2 experts who have a lot of skin in the game.
You are saying clearly that I am wrong.
I said clearly that I was no expert & would be happy to be corrected if wrong.
Yet when I show you these (printed, not verbal like yours) opinions you still belive that you are undoubtedly correct.
Is there any chance you could become just a little bit more open minded as professional people such as I have quoted normally hold an opinion for a good reason ?
Just perhaps your old pal was incorrect ?
OK Barchid, to quote your own statement Google again "is Jarvis an IHT free aim stock" scroll down to shares magazine "Bin the taxman" click on that, scroll down to a headline in red. "what doesn't apply" and read the short statement ?
All IHT free aim sharesare subject to HMRC approval but if substantial funds, like wealth club/fundamental believe they are I go with that.
Did you find anyone who said they are not IHT eligible ?
I respectfully suggest to you that a stock run by quality directors would not be on the aim market for nothing ?
They have a market cap of 133mill so as the family/board own a large part are you suggesting that they are asleep at the wheel ?
I also respect the fact that we all have opinions on everything but can you substantiate that google & my memory are wrong ?
Many people on this board will urgently await your informed reply as this is/could be a major point.
Frankly I believe Boxall & Google, until I see something of substance which is substantially different.
Hi Barchid, thanks for coming back. Yes Chris Boxall did and I quote"Believe"that Jarvis is IHT free. But a financial adviser I spoke, who also worked for HMRC previously, said no. He unfortunately passed away in the covid outbreak last year. Companies who deal in stocks and shares, and COMMODITIES, financial are excluded. I can imagine HMRC would also question that. Going forward Mr Sunak, is also looking at IHT avoidance schemes. It would be nice to think Jarvis is, but, I doubt it. It needs more delving into.