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Amazing the lack of comment on this board since the divi was trimmed by 0.5p.
This silence indicates to me that perhaps now is a decent time to start accumulating again, when the stock was 300p there was every bullish forecast under the sun here, now this silence could be a reverse indicator.
Agree I picked more up under 220. Will make 1 more buy later then that’s it for me here.
This can turnaround pretty quickly. Higher rates and recent market volatility should bode well for income here. Market just wants to see the numbers. It’s same at Cmcx where I have split my investment across.
Usual caveats
Trek
Plus numbers out today…outstanding, near 50% return and sp hardly moves!
“ In 2021, Plus500 posted pretax profit of USD386.4 million on revenue of USD718.7 million.
"The group's strong performance so far in 2022 has also been driven by the development of new proprietary technologies and product offerings, which will deliver growth and drive expansion and diversification across new geographies," Plus500 added.‘
Usual caveats
Trek
Jarvis share price won’t do much over the next few months as brokers are sick to the back teeth with them as custodians, I’m aware of atleast one broker who’s transferring out clients to another custodian, despite huge amounts of work involved, jarvis couldn’t care less attitude towards clients will soon bite them in the proverbial, eventually that filters down to the balance sheet. Aimho
CAR3Y
I have to say that I first invested in JIM some years ago & one of the reasons why I did so was that I was very impressed with the service they gave me, over the years I have continued to be pleased with the way my accounts are handled so your thoughts come as a bit of a surprise to me.
Compared to other platforms which I, or members of our family use, I think JIM are superior, so I can only speak as I find.
I also have only had good service in last 3 years. A deciding factor in my investment
Think they were over ramped up recently. Looking better when the divi covered by earnings
AJB interim results like by market. SP up 7%. I think that’s as good a read as one can get.
I have added.
Usual caveats
Trek
JIM like turnover if market going up or down not important the more transactions the better
Not surprised this is on its way back up again on no news. The sp has a habit of that. Look at the chart the pattern is obvious just had to be patient buying the dips.
I am expecting it to get back above 250 support and then I will happily sit and collect the dividends.
There will likely be opportunities to trade and buy back for those so inclined.
Usual caveats
Trek
Trek
You and I are on the same hymn sheet, looks like a seller(s) have been finished off and hopefully we can start partying again.
Hi barchid,
2 closes now above 50 DMA with a little volume. Couple of likely sells also gone through above 230. Early imo!
Could be the start of a breakout.
Not sure if this saved but you can see it’s a step out of trend…
https://www.marketscreener.com/quote/stock/JARVIS-SECURITIES-PLC-4004704/charts/
If the 20dma crosses above the 50dma we could see some technical traders arrive as that’s a pretty strong indication of breaking up to the 200DMA.
I have just hunted this down as an income play on fundi’s and used my limited TA skills to buy the dip and hold for the +6% divi paid quarterly!
All said even as a trader I would be watching this one now with a view to buying but I have plenty.
Usual caveats
Trek
Half year was 15th June last year.
I have been fortunate to sell some and rebuy to get my average down here….
Wonder if news follows this….
“ We have also, since the period end, filed the court's approval to cancel the share premium account of Jarvis Securities with Companies House. Once registered, this will have the effect of increasing the distributable reserves and gives additional flexibility for the board to return cash to shareholders.”
Usual caveats
Trek
Trek
Great spot on your part, I missed that with all the shenanigans going on in Westminster.
Where did you see it, on their website as I can't find it ?
i think trekmadone"s comment referred to last years special divi i wasn't awaref that they were doing it again?
Can’t find it now, was reading through the RNS’s other day. Anyways they have said they may buy more in the finals. Now would be a good price!
I had a buy order unexpectedly filled today. Sp looked to be recovering recently no idea why drop today.
Forward yield of 5,7% now, paid quarterly.Rate rises will help as will recent volatility.
Usual caveats
Trek
bryaz
I think you are correct, I couldn't see it anywhere (apart from previous year of course)