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I have made two substantial buys since lunch, both at 163.80, and a small third buy at 163.975p. All three are showing as sells!
Divi costs 2.7m for the half year.
We have 5.4m cash
1.25m float for transactions
Leaves us 1.4m is to carry on
I expect them to pay this quarter and cut next to 2p.
From a personal perspective I have been trading more due to the vix. I am somewhat perplexed as to why JIM’s volumes have been so off when AJB, CMCX and PLUS are doing so well.
That is of more concern to me than the headlines. I can only assume it’s a less active client base that are attracted to JIM.
The update was pretty brutal. I am hoping they have something up their sleeves to pull us back to £2 some time soon.
Usual caveats
Trek
Very frustratingly, I have been unable to trade on my HSBC InvestDirect account. Technical issues, they say. That’s enormously irritating, as JIM is now down not 20%, but ‘only’ 14.84%
Companies such as JIM will always ebb and flow. Remains a financially sound well run company that treats it's shareholders fairly. Boom trading activity period during the pandemic was never going to last.
Mr Market always over-reacts, up or down. More than 20% down currently, in this case. Surely a buying opportunity, if one has the nerve - and the funds? (Of course, one always has to beware the dead cat bounce, but in the longer term the dividend is very tempting.)
A total market over reaction which is par for the course. Trading and IPO income is down but fixed income is set to recover (there is an inevitable time lag between cash coming off old deposit rate deals and being put onto new, higher desposit rate deals). The end of the world isn't yet nigh ;-)
I can see balance sheet just keep shrinking, if they do continue like this then it's rather looks like controlled scaling-down or winding-down exercise (going towards wherever their targeted steady-state is).
Obviously leaked this week.
It’s a question of how much is in the SP following the drop from 390p
A divi update would help, that’s why I am here. Do we assume no change? Likewise gotta go out now.
Usual caveats
Trek
Not terribly inspiring, revenue down 22.9% & profits down 32.5% against comparable period last year.
Nothing that I could see about dividend strategy but I just read it swiftly, will go through in more detail later
bryaz
I think you are correct, I couldn't see it anywhere (apart from previous year of course)
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
i think trekmadone"s comment referred to last years special divi i wasn't awaref that they were doing it again?
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 ?
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
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
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.
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
JIM like turnover if market going up or down not important the more transactions the better
Trek
Agreed
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
Think they were over ramped up recently. Looking better when the divi covered by earnings
I also have only had good service in last 3 years. A deciding factor in my investment
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.
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
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