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@Stuart
Good point, this BoD certainly don't keep investors very well informed, this reflects badly on the whole business, sadly...
On 14 Feb 24 I wrote “RNS on 13 Nov 2023 said "The Phase 1C report is due to be delivered to the FCA, by no later than 28 February 2024. Further updates will be provided as appropriate." So I guess we will get notification that the submission has occurred, or that it has not and hopefully why the date was missed, at about the end of this month.”
It is now 28 Feb and disappointingly there is no update as yet.
Does anyone know roughly what the % spread on buys and sells is, currently? It was around 7% a few days ago and still seems pretty big (today's buy at 69 and sells at 65/66)
Up a further 13% today to 78p , the spread is 7%.
Maybe better to buy into a rise then a drop .
Close Brothers Group was further down .
55% of the float is held majority by the grant family. Leaving a meagre 20m in the float. Any buying and it’s off, £1 seems conservative given the div Reinstatment!
Easy drizzy! Reinstatment of the quarterly div at circa 7p per annum suggests that there’s money being made to distribute!
Huge 80k trade appeared from yesterday too! Small float so should move up now.
Should be back up to £1 today or Monday.
Big Jim making them moves!
Came out of the blue didn’t it! Was not expected and clearer forward guidance would have been appreciated so we know what direction the broker is planning! It could retest around 50 XD or just continue going up but to where 100p with 5% divi! Or are all dumped on another broker and chairman retires. Or we get free transfer out to another broker of choice? Quite a mystery still and not happy about it so
Back to £1 it would seem! Fantastic to get a quarterly div and paid within the month too!
RNS ...Jarvis Securities jumps after declaring quarterly dividend went up 34% in response.
Close Brothers Group dropped buy similar amount today after stopping dividends maybe pension funds and the like switching .
Yep some good news. For me the key question really is whether this indicates a similar or even higher level of dividends going forward, or whether this partly reflects dividends that weren't able to be paid in the previous quarter. Guess will find out fairly soon.
#HE1 You can only make large trades over the phone and any trader knows what that means.
Lovely to see a very strong morning for JIM and LIB....can they both bag very soon....in for a great afternoon....beautiful morning just the beginning
Despite these challenges, Jarvis continues to trade in line with current market expectation.
The above is taken from November's 4th quarter 'zero' dividend RNS
Jarvis is still a cash cow of a share, but with no indication from the board on how much longer the investigation with take and how much more money it will cost Jarvis / shareholders I wasn't convinced they would give a dividend this time. Happy they have.
Just looking on the bright side….?
On the other hand, you need profits in order to pay a dividend, and a dividend has just been announced.
My view is that qquite a few punters will hhave bought for the dividend, which is very high at the current depressed sp.
Probably more been uncovered so no good news to report. With Models Bs unable to open new accounts which is the life blood of their business we will probably discover in due course that the majority have transferred their business to a new settlement agent - and no doubt free of charge as well. Result = far less commission income, decrease in interest on cash on deposit, both of which will put a big dent in the bottom line!!
Nice surprise but still astonished at the zero communication with shareholders (or PI's at least)
RNS on 13 Nov 2023 said "The Phase 1C report is due to be delivered to the FCA, by no later than 28 February 2024. Further updates will be provided as appropriate." So I guess we will get notification that the submission has occurred, or that it has not and hopefully why the date was missed, at about the end of this month.
When do we expect news?
That doesn’t provide much hope for those of us who are not of the faith!
I should have said: ‘like waiting for the Messiah - only slower’
Yes, it's draining waiting.
We need to find a listed ' skilled person' company !.
Looks like easy money and a better cash cow than Jarvis.
Waiting for the skilled person to report is like waiting for the Messiah. How long, lord, how long?
This seems to be steadily increasing again now… should we expect an upturn at the end of feb?