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About 10years ago I sold out completely after a rise. They continued to rise up to i think £5 (pre 1:4 split) and it took a long time to fall back to a point where I bought in again. I'm happy to maybe sell 10% if they have gone crazy and buy back at the point they are good value. Not easy to time but just try to win more than I get wrong. I bought back when interest rates where falling and the opinion was Jim were going to suffer. How wrong people were, a picks and shovels company. Many other brokers like NUMIS make a lot from IPO's and are in trouble when that stops, JIM don't so I'm confident business will pick up quickly.
Rudolph
I am also a JIM customer and have always had a very good opinion on them as a company to use, likrwise I have been a holder for rather a long time.
Where I kick myself is that I prevaricated about selling the lot at £3, still you can't look back and with base rate up again my guess is we could have a pleasant surprise in our interest recovered from customer deposits.
Cheer up all, I bought some last week the day the banks went wobbly for 131, they've picked up now. I was a very early investor in and a client of JIM before AIM and generally they make money whether people are buying or selling or sitting on cash. Buy the dips, skim a bit off the top, repeat and invest the divi's. By the time you are my age you have loads and be wishing you could find another company as good. Got my wife's JIM shares in an ISA today, been meaning to get her in an ISA for ages, the drop in tax relief has been a good nudge.
adv11
Thanks for that, just to be pedantic I decided to pick a few more up Monday at a tad over 125 to average down on Friday's purchase, looks like I rang the bell in the short term but I do still view this as a good business and if the trusted person report, which is due out v soon, shows that it was some customers who were using the Jarvis platform, re named to their own, and their customers & not Jarvis who were at fault we could have a relief rally.
Given that their cash deposits are bearing good fruit in the form of interest now makes me feel that the divi is safe which again bodes well for the stock.
GLA
You have always been knowledgeable enough to follow your own feelings @barchild. There are too many people on these boards talking shares up for months on end, and then bragging that they sold out and wouldn't touch them at any price. Until of course people take notice, sell out, and they buy in again and pretend they were never gone.
Fortunately I have most of these yellow jersey men blocked, and I will make my own decisions with no regret. Leaders of men are always focused on their own back pockets.
I bought a few Friday at 130, fat lot of good they have done me, I really should have taken note of Trek when he told us he was out.
Think with this one if you have got them not the time to sell. at a loss.Actually if you don’t have time to buy a few if you are patient till things improve nationally and internationally- keep fingers crossed!
This one the pits now. The company were dealing in stuff that was risk for shareholders and never told shareholders.Trust sadly gone. They will recover because Hrant family have big interest. If they get bought out cheap will be bad for long term shareholders who trusted but think it unlikely they would want to do this except at a price double what it is now.
adv11,
Np, you could take a view of trading a % to lower your average. Sell some buy some lower. It’s just another option to hold and hug. I pay 3.99 a trade with ii, the spread is usually the most costly consideration.
The FCA feedback/corrective action should be announced soon. I would assume that given the time taken they are fixing the systems as they go rather than releasing a plan. If that’s the case then the next RNS could also offer a trading opportunity to sell a few on a spike and buy back lower.
Good luck
Usual caveats
Trek
Malafuster
I agree with you, I've been a long term holder will now be an even longer term holder !
Buy when no one else dares is a good motto
Trek
Sadly for me you were right and I was wrong, but you can't win them all !
I agree it is less than ideal that they are reducing some of their platform usage for other people but I still think I'll be inactive and sit with them, at least we are being paid to wait.
As a customer I find their service is excellent, but maybe it is too good for what they charge?
And your point is?
Not must chat here only 400 posts in two years .
Down 15% on Rns to 132p
Bought these 1st July 2021 @ 250p then again 5th July 2021 @ 249.82 in ( Wi ) after they went back to the Primary bid 250p Open offer of 8 April 2021.
Since the OO they topped at 365p 9th August 2021,
16 September 2022 huge one day fall from 185p to 94p before climbing back to 168p during following month and back to to a higher then the panic news to 195p by 21st February 2023 the highest since the huge drop .
As I have often commented on this website, the market always over-reacts to news - good or bade - in the short term. Better to wait a few days for the euphoria, or in this case gloom and doom, to subside. Beware too the dead cat bounce, another reason to wait.
Aa for me, I still think this is a sound business with an excellent dividend. I’m holding.
So good of you to keep posting about companies you have sold out of. Let us know when you talk it down to below 100p.
Usual caution of yellow jersey men.
What a downbeat message and then he says the future is bright! Wish they qualified that more. There has to be more upside than interest rates! That could just be burnt if corporation tax goes up!
News on ‘an inspector calls’ soon. Was expected by now and I must say it’s a worry what they have found to do.
I am on the sidelines atm and even at below 100p I wouldn’t buy back in. I would like to see some better numbers and the divi going up and not as a result of a lower sp.
I called it as I saw it when I was invested here and did well.
Hope indeed that the future is bright and those volumes tick up!
Good luck
Usual caveats
Trek
The chairman’s introduction to the results is refreshIng in that it is honest, direct and reads as if it was written by a human being rather than a pr automaton.
Market reaction first thing is to mark Jarvis down heavily - but on very light volume. I’m not selling even a single share.
the fact that they are paying a 3p dividend should really tell you what anyone needs to no
Mind you, volume is tiny. Sells and buys today total less than £53k.
Not sure how one might explain the recent swings and the lack of any news update but it's starting to smell a bit too fishy for my liking.
And down more than 14% today - for the same reason?
Up more than 8% today. Some people always seem to have inside knowledge. Perhaps an RNS due, giving the financial all clear - and a big boost to the sp??
Only speculation on my part, but I would welcome some good news as I am heavily invested in the debacle that is Polx: great product, exceptionally inept management.
Good to hear from you Trek, & that you are still keeping an interest going in what has not been the liveliest of stocks recently.
Still with 3p a quarter divis, without looking for future increases nor the occasional special we have an historic 7.5% yield at 160p and better revenues with interest being earned on their cash deposits we could be in for a pleasant surprise.
Agree barchid,
Good luck
Trek
Announced this pm as 3p, same as equivalent divi last year.
Given the "trusted person" cloud overhanging the company, surely if the family/board were concerned they would cut the payout ?
I take this as a positive sign