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Puny volume. The Skilled Person should be renamed the snail like person. This review is taking forever.
Well the payment and re-investment of the divi is certainly the reason to thank for the swift recovery this morning.
Hopefully steady as she goes from here...
Anyone have an idea why they are so weak today ? I've dribbled a few more in today at just sub 144p.
I see no announcements and with interest rates where they are can see every reason why the tame income from their clients cash balances will increase their revenues.
DYOR, all just my opinion
Get feeling this one gets ‘manipulated’ You have to try and guess I think what is actually the position. But also say for long term investors it’s difficult to decide exactly whether full transparency from companies is helpful or not in timing trades !
Trek
Appreciated...
Good sign that! Hopefully you guys get soak testing results soon and then compliance.
Good luck 🤞
Usual caveats
Trek
Good sign and appreciated.
Positive news a divi of 3.5p has been declared xd next week and pays in June.
The same divi this time last year was only 3p and that was before the fca investigation, so they must be confident that all is well.
Gents
The time being taken does seem peculiar but it is not at all impossible that the Skilled Person has now been told to test, by the FCA, whatever it was that he needed to, in order to prove that the work has been done properly.
If that is the case then a quarter, or 3 months, would seem a sensible time to test that all is is now working properly.
The longer this takes, with no sanctions applied to the main platform, does indicate to me that the issue is/was a technicality otherwise I am sure ordinary customers, not piggy backers using the facilities JIM offers (B users), would have noticed some differences in how things work when day to day business is conducted.
Perhaps I am being too optimistic but my gut is that if it was a serious transgression we would have known by now.
Having just completed a transfer to my isa of Jim shares, these pairs of trades look awfully like how my sell and buy back was reported.
I’m sure this must be very good business for the Skilled Person, who must be making shedloads in fees while working at a pace that would embarrass a snail.
I’m holding, not sold a single share of my substantial holding. This is a sound business.
I am surprised it isn’t fixed after all this time. What is annoying is the RNS intimates that stage 2 is normal but they didn’t tell shareholders during stage one to expect it and another 3 month delay.
Surely these model B customers would be off now!
SP has hardly moved on the RNS which is very odd. It’s hardly buy news!
I am still outside looking in as was hoping this would be resolved now.
Amazed investors haven’t sold this news it’s like they are waiting for others to move first. Strange.
But then the whole saga including the sp has been rather inexplicable of late.
Good luck with your investments
Usual caveats
Trek
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 .